Rs950m for export projects okayed
ISLAMABAD: The Export Development Committee has approved a development budget of Rs950 million for export-related projects.
The Finance Committee meeting of the Board of Administrators of Export Development Fund (EDF) was chaired by Commerce Adviser Razak Dawood on Thursday.
An official announcement said the committee deliberated various proposals relating to exports of leather, cutlery, fisheries, textile, sports goods, garments etc.
The committee approved proposals amounting to Rs950m. These related to up-gradation and replacement of physical testing equipment at PTTF Laboratory Faisalabad, Testing Laboratory for Leather, Karachi Garment City Company, Hi-Scan X-Ray Inspection System at Sialkot International Airport, building for Saarc Chamber of Commerce & Industry, and compliance to IOTC’s resolutions for export of tuna.
The committee also approved Rs8.9 billion EDF budget for 2021-22.
Published in Dawn, March 19th, 2021