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 22nd Jul 2017

Govt constitutes GST Feedback and Action Room

The Government of India has constituted a Feedback and Action Room...

Textiles | On 22nd Jul 2017

India’s cotton textile exports fell in FY17: Tamta

The overall export of cotton textiles from India declined in 2016-17...

Textiles | On 22nd Jul 2017

Stella McCartney, Bolt Threads partner for eco fashion

Fashion designer Stella McCartney has partnered with Bolt Threads for ...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

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

July 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

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

Yes No

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

Yes No

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


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



X