According to the sources, The federal government is all set to announce the Textile Policy 2020-25 during the current week.
The export target has been fixed at $20 billion in the new Textile Policy, which has been finalised after consultation with all the stakeholders.
As per details, The electricity tariff will be at 7.5% unit under the proposed textile policy, While duties at the Gas, water, and others will be reduced to boost the sector.
The proposed textile policy will help in boosting employment opportunities for millions of people.
The All Pakistan Textile Mills Association (APTMA) has welcomed the proposed Textile Policy of the federal government and pinned hope that this will put the economy on track.
It must be noted that Prime Minister Imran Khan has approved the Textile Policy 2020-25 last week.
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