Home / Knowledge / News / Textiles / Pakistan President urges Korea to aid its textile sector
Pakistan President urges Korea to aid its textile sector
11
Dec '12
Pakistan President Asif Ali Zardari has urged the South Korean Eximbank’s Chairman Dong Soo Park to provide financial backing to Pakistan’s textile sector, Dr. Mirza Ikhtiar Baig, Pakistan’s Federal Advisor on Textiles, said in a statement.
 
Dr. Baig, who accompanied President Zardari on his three-day official visit to Seoul, the capital of South Korea, appreciated the proposal put forward by Mr. Zardari.
 
The Federal Advisor updated the President that China no longer competes with Pakistan in cotton yarn and denim fabric, but is currently one of the largest importers of these items from Pakistan.
 
Escalating cost of labour and wages, which have gone up by almost 20 percent, would compel China to even withdraw from garment production. This would provide Pakistan and other countries in the region with an opportunity to grab the market share that China loses, he said.
 
Mr. Zardari shared Dr. Baig’s opinion that ultimately China would enhance its focus on hi-tech sectors, as has already been done by Korea and Japan.
 

Fibre2fashion News Desk - India


Must ReadView All

FDI in Vietnamese textile-garment projects on the rise

Apparel/Garments | On 24th Jun 2018

FDI in Vietnamese textile-garment projects on the rise

The European Union-Vietnam Free Trade Agreement and the Comprehensive ...

Courtesy: Alizilla

Apparel/Garments | On 24th Jun 2018

Alibaba Group sets up office in Kuala Lumpur

Strengthening its commitment to Malaysia, Alibaba Group has set up an ...

Bombay Dyeing plans to wind up Indonesian JV

Textiles | On 24th Jun 2018

Bombay Dyeing plans to wind up Indonesian JV

Bombay Dyeing & Manufacturing Co Ltd plans to wind up its loss making ...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Top executives
Textile industry

It will take some time for the people to change their buying choices

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Eamonn Tighe
Nature Works LLC

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

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

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

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Sanjukta Dutta
Sanjukta's Studio

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

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search