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'Pak textile sector has great ability to create employment'
31
Aug '16
Pervaiz Rashid, the Pakistan minister for information and broadcasting said that the textile sector has the incredible ability to create employment at the grass root level. He added that through industry friendly policies, the current government has put the economy on the right track. Rashid was addressing the inaugural ceremony of the Textile Asia 2016 show.

According to the minister, these types of textile exhibitions were very important, since they help in attracting investments and increasing exports.

“We have reduced power tariff, while also granting zero rating status to the apparel industry,” Rashid informed, while sharing government initiatives for the development of the textile industry.

Chief coordinator at PRGMEA, Ijaz Khokhar lamented the fact that although Pakistan is the fourth largest raw cotton producer in the world, the country was able to realise only $1.17 billion in value addition per million bales, as against Bangladesh's $6 billion and India's $1.79 billion. (AR)

Fibre2Fashion News Desk – India

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