Development schemes: Textile ministry releases Rs1.61b

Funds released as part of Textile Policy 2009.

ISLAMABAD: The Textile Ministry on Wednesday released Rs1.61 billion for its various support schemes for the development of the textile sector as envisaged in the Textile Policy 2009.

A press release said that out of the total allocations of Rs7.5 billion, the ministry has already released Rs4.8 billion to fund various support schemes. The ministry has also sent a request to State Bank of Pakistan to immediately disburse the released funds, read the statement.

While announcing the release of funds, Federal Minister for Textile Industry Rana Farooq Saeed Khan said that the implementation of Textile Policy devised in 2009 was steering the textile sector in the right direction.

Published in The Express Tribune, February 10^th, 2011.