The Pakistan Textile Exporters Association (PTEA) has stressed for the continuation of Duty Drawback of Taxes (DDT) incentive for further three years to boost the value-added textile exports and uplift the economy.

This will generate approximately 10 per cent annual growth in value-added textile exports and would add $1.5 billion each year to the economy.

As a result of growth-led initiatives of the government, country’s exports surged by 13.1 per cent to in July-March 2017-18 over the corresponding period of last year.

The main driver of this growth was the value-added textile sector as exports of ready-made garments went up 12.56 per cent during the period in value and 12.85 per cent in quantity while those of knitwear edged up 14.12 per cent in value and 3.52 per cent in quantity during these nine months.