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ISLAMABAD, Oct 24 (APP):The Pakistan Business Forum (PBF) on Friday lauded the Government of Pakistan, particularly the Ministry of Commerce, for approving the sanction of Rs. 12,000 million for the textile, apparel, and other export-oriented sectors under the Duty Drawback of Local Taxes and Levies (DLTL) and Long-Term Loan for Development (LTLD) schemes.
In a statement, Khawaja Mehboob ur Rehman, President of the Pakistan Business Forum, praised the initiative as a timely and pragmatic step toward addressing the pressing financial challenges faced by the country’s exporters.
“This decision by the Ministry of Commerce is a welcome move and will go a long way in resolving the liquidity issues of our exporters,” said Khawaja Mehboob ur Rehman. “Timely release of funds under the DLTL and LTLD schemes will not only ease the working capital constraints of export-oriented businesses but also help restore confidence within the sector, ultimately contributing to increased exports and economic growth.”
The PBF President further highlighted that the textile and apparel industry remains the backbone of Pakistan’s export economy, contributing significantly to employment and foreign exchange earnings. He emphasized that consistent policy support and financial facilitation from the government are vital to sustaining competitiveness in the global market.
Khawaja Mehboob ur Rehman reiterated PBF’s commitment to continue working closely with the government and relevant stakeholders to promote policies that enhance industrial productivity, improve export performance, and ensure sustainable economic development.
The Pakistan Business Forum commended the Ministry of Commerce for its proactive role in ensuring that the export sector receives the necessary financial backing to overcome current challenges, including rising input costs and reduced international demand. PBF also expressed confidence that with the continued support of the government, Pakistan’s exporters will be able to strengthen their global footprint and contribute positively to national economic recovery.