PAKISTAN: Textile Quota Management Policy Announced
A new policy governing Pakistan's textile exporters has been released by The Pakistan Ministry of Commerce, in an attempt to bring about transparency and fair play in the export market.
The Textile Quota Management Policy 2001 enables good performers to gain additional quotas as a reward and will allow them to transfer their official quota from the open market.
The policy will also enable quota holders to surrender performance quotas without loss of security deposits up to September 30 each year.
Under the policy, the specific categories will be determined by the Quota Supervisory Council and passed on to the Export Promotion Bureau for agreement.
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