Home / Knowledge / News / Textiles / 'Textiles is a priority sector for govt' – Pak official
'Textiles is a priority sector for govt' – Pak official
13
Mar '12
The Government of Pakistan has identified textiles as a priority sector and is supporting the country's textile sector to achieve an ambitious export target mentioned in the 2009-14 Textile Policy, an official has said.

The country aims to attain a US$ 25 billion mark in textile exports by 2014, Advisor to the Prime Minister on Textile, Dr. Mirza Ikhtiar Baig, said while speaking at the inaugural ceremony of the Ninth Textile Asia 2012 International Exhibition.

The Government has identified textiles as a key priority sector, and is taking all necessary steps to introduce apt policies and incentives that can spur expansion and draw more private sector investment in the value added sector, which would in turn boost the country's exports, he added.

He mentioned that provision of subsidised financing to boost capital investment in value added textile industry and roll back of customs and sales tax on plant and machinery imports by manufacturing industries are among the initiatives introduced by the Government.

The country has also set out on an extensive plan to enhance its appeal to the overseas investors associated with the textile industry, he said.

The domestic industry has also witnessed some new developments in recent times which includes launch of an Industrial Park in Karachi, setting up of Garment Cities in Lahore, Karachi and Faisalabad and a Textile City Project with state-of-the-art facilities in Karachi, Dr. Baig said.

During 1999-03, Pakistan's textile industry invested US$ 6 billion for Balancing, Modernisation and Replacement (BMR), and with present healthy gains, the industry still adheres to this trend, he said.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 20th Sep 2017

India needs to double cotton farmers’ income: top official

India needs to double the income of cotton farmers and non-farmers...

Textiles | On 20th Sep 2017

Pakistan seeks more JVs with China: textile minister

The Pakistani Government wants to forge more joint ventures (JVs)...

Apparel/Garments | On 20th Sep 2017

Egypt’s garment exports touch $941 million in 8 months

Egypt's garment exports touched $941 million in the first eight...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search