Pakistan: Premium for Knitwear Industry

Pakistan Minister for Textile Industry, Mushtaq Ali Cheema, has said his ministry was considering payment of six percent premium to the knitwear industry from next fiscal year for research and development spending.  

An action plan was being prepared to remove the grievances and problems of country's knitwear industry.

A committee has been formed for preparation of a comprehensive action plan for development of knitwear industry, which is under crisis after abolition of quota regime.  

A transparent mechanism would be implemented to ensure smooth refund of sales tax. Land would be provided on affordable price to knitwear industry in the textile and garment city projects where land is available with other infrastructure facilities at competitive price.  

The Export Promotion Bureau (EPB) should launch a market access programme for knitwear industry and besides the US and EU, the market access in ASEAN, China, Japan, Korea and OIC countries can be explored.

Back to Index of March 2006