The textile industry in Pakistan is waiting for the announcement of a revival package from the government sooner than later. This was delayed because the Prime Minister was away from the country. During his last visit to Karachi, the PM had met a textile industry delegation when he issued directions to concerned ministries to uphold dwindling textile exports. The delegation had apprised the PM about the issues confronting growth. It was followed by the constitution of a committee by the PM to work out remedial measures to reduce the cost of doing business and restore export competitiveness.

The PM had also directed the finance minister to withdraw all levies on import of five million bales of cotton. It is likely that the government will announce a rebate of six per cent in the shape of Drawback of Local Taxes and Levy (DLTL), Long-Term Financing (LTF) facility on the import of machinery for five export-oriented sectors and sales tax refund of packing material for zero-rated sectors.