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'Pakistan has allocated Rs 65 billion for textile sector'
26
Nov '15
As Pakistan's textile industry grapples with high energy costs, falling exports and an economic atmosphere that makes business difficult, President Mamnoon Hussain has said the government has allocated Rs 65 billion for the textile sector under a new policy, according to Pakistani media reports.

At the Textile Exports Excellence Awards Ceremony in Faisalabad, he also said the Government was determined to put the economy on right track and all resources are being utilized to develop industrial sector.

The President urged the businessmen to cooperate with the government for the revival of economy and suggest remedial measures for the solution of problems related to the industrial sector.

He said interest rate has been reduced and several power projects are underway to speed up industrialization in the country.

Hussain said China-Pakistan Economic Corridor will generate huge economic and job opportunities in the country.

The President said Trade Development Authority is being activated to explore new markets in the world. (SH)

Fibre2Fashion News Desk – India

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