PAKISTAN: Government unveils export investment strategy
Authorities in Pakistan have unveiled a three-year Strategic Trade Policy Framework to provide subsidies and support to export sectors including textiles and clothing, footwear and leather.
The programme, which runs from 2012 to 2015, has an annual investment target of US$5.5bn - and aims to offers PKR26bn (US$268m) in subsidies.
The focus is on promoting regional trade, improving efficiencies, revamping export promotion agencies, increasing green exports, enhancing the role of women in exports, and pursuing product and market diversification.
The government plans to set up institutions like an Export-Import (Exim) Bank, Pakistan Land Port Authority, Leather Export Promotion Council and Services Trade Development Council.
Major initiatives include a 2% mark-up rate subsidy on long-term loans for machinery imports, a 1.5% mark-up subsidy on the export finance scheme (EFS), and 3% ad hoc relief to offset the impact of energy shortages.
In addition, exporters will be allowed to spend 2% of their export income on the duty-free import of accessories to add value to leather garments.
- Why do modern robotics elude sportswear makers?
- Traditional financing is a misfit for fast fashion
- Trump trade policy – Who knows what he'll do?
- Planning is key to an effective inventory strategy
- How would end of NAFTA affect US apparel industry?
- US Q3 in brief - G-III Apparel, Express
- Bagir exports first trousers for H&M from Ethiopia
- Film documents Cambodia garment workers' stories
- Esquel efficiency drive continues to boost brands
- Pakistan suspends India cotton imports
- Outdoor performance apparel 2016: A broader perspective
- Global market review of lingerie – forecasts to 2022
- Global apparel markets: product developments and innovations, October 2016
- Footwear Top 5 Emerging Markets Industry Guide_2016
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack