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Pakistan to continue getting GSP benefits for two more years


Pakistans advisor to the Prime Minster on Commerce Abdul Razak Dawood informs, textile exporters will continue to benefit from Generalized System of Preferences (GSP) scheme for two more years and not believe rumors against it. This will help Pakistan’s footwear sector grow further, says Dawood. The country has launched the PSDH initiative to offer computer aided footwear designing courses with latest technology to develop the industry and individual entrepreneurs to consolidate their position in the global scenario.

Imran Malik, Chairman, Pakistan Footwear Manufacturers Association (PFMA) says, the industry offers adequate concessional regularity policies and tax relief, which helped it grow over the last three years. In the last three years, the association witnessed a 63 per cent increase in its membership, 92 per cent reduction in shoe import, 22 per cent increase in export.