Funds allocated under duty drawback and technology upgradation schemes to strengthen industrial liquidity and improve exporters’ competitiveness.

The Ministry of Commerce has approved Rs10 billion in financial support for Pakistan’s export-oriented industries, with the textile and apparel sectors among the key beneficiaries of the initiative.

The funds, equivalent to Rs10,000 million, have been sanctioned under the Duty Drawback and Technology Upgradation Schemes. The move is aimed at improving industrial liquidity, encouraging technological investment and creating greater capacity for export expansion.

Textile and Apparel Industry to Benefit

Federal Minister for Commerce Jam Kamal Khan announced the allocation, highlighting the government’s efforts to provide financial support to industries contributing to the country’s export earnings.

The approved amount is expected to provide much-needed liquidity to exporters, helping businesses manage operational requirements while strengthening their ability to compete in international markets.

The textile and apparel industry remains a major component of Pakistan’s export base. Additional support for the sector could help exporters address financial pressures and invest in modern production capabilities.

Focus on Technology Upgradation

A portion of the approved funding will also facilitate technology upgradation across eligible export sectors. Modern machinery, improved production processes and greater technological efficiency can help Pakistani manufacturers enhance productivity and meet international quality standards.

The initiative is therefore expected to support exporters in improving their competitiveness while enabling them to explore and expand their presence in global markets.

Government Targets Export Expansion

The Commerce Ministry’s decision comes as the government continues efforts to strengthen Pakistan’s export performance and create a more supportive environment for businesses engaged in international trade.

By improving access to financial support and encouraging industrial modernization, the schemes are intended to help export-oriented companies expand production and improve efficiency.

The Rs10 billion allocation also signals a continued policy focus on strengthening key industries, supporting exporters and promoting sustainable growth in Pakistan’s external trade.

The government expects the measures to improve industrial liquidity while providing businesses with greater capacity to upgrade operations, increase productivity and contribute to higher export earnings over the longer term.