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Pakistan Plans Tax Breaks for Some Sectors in New Export Policy

  • Incentives part of plan to cut reliance on textiles exports
  • Central bank separately aims to give cheap loans to exporters
Manufacturing Protective Clothing and Footwear at the Factory of Military Supplier Lyra
Photographer: Asim Hafeez/Bloomberg

Pakistan is considering offering tax breaks to various industries with export potential as it looks beyond textiles to boost outbound trade, an adviser to Prime Minister Imran Khan said.

Engineering, chemicals, technology and footwear are among 20 sectors identified for incentives, Abdul Razak Dawood, the commerce and investment adviser to the prime minister, said in an interview in Islamabad. An export policy will be announced next month, he said.