The textile industry's relief package is delayed until Eid and a formal announcement is expected on the same day, said industry sources. The sources told Business Recorder that a delay had occurred because of the departure of the prime minister as well as the federal finance minister regarding to the United Nations.
The prime minister has left for New York via London on Tuesday to attend the General Assembly's annual session where he will be talking about India's involvement in promoting terrorism in Pakistan and the Kashmir issue in his speech on September 30 and his interactions with the world leaders. The prime minister had met the textile industry representatives on September 11 to discuss in detail the industry problems before finalising the package. The sources said he had vowed to announce the package after five days, September 17.
However, no such announcement was possible because of the terrorist attack on the Peshawar airbase on September 18. Meanwhile, the prime minister also took a short trip to Dubai to express condolence with its ruler over sudden death of his son Sheikh Rashid bin Mohammed bin Rashid Al Maktoum.
Textile Industry Ministry sources say the textile industry has proposed zero rate regime for textile industry, extension of long-term finance scheme for ginning and spinning industry, exports refinance facility to the entire textile value chain on deemed export basis including spinning and weaving sub-sectors, announcement of 5 percent export incentive to capture non-traditional markets, special electricity tariff for textile industry and strengthening of domestic commerce by introducing Tariff/NT measures for countering informal trade and dumped imports.