Home / Knowledge / News / Textiles / Pakistan releases Rs 1.5bn for textile sector in H1 FY'14
Pakistan releases Rs 1.5bn for textile sector in H1 FY'14
08
Feb '14
The Finance Division of the Government of Pakistan has released Pk Rs. 1.5 billion for supporting the textile sector during the first six months of the current fiscal year, Parliamentary Secretary for Cabinet Secretariat Raja Javed Ikhlas told the National Assembly, Radio Pakistan reported.
 
During a question hour, Mr. Ikhlas informed the house that Pakistan Textile City and Karachi Garment City are being set up to boost the country’s textile and apparel exports.
 
The House was additionally informed that land for constructing the Pakistan Textile City has been acquired in Karachi.
 
Mr. Ikhlas said the Government is giving top priority to resolve energy crisis and see to it that the industries get uninterrupted power and gas supply. He also informed that the Government would soon bring out new trade and agriculture policies.
 
Textile and Commerce Minister Khurram Dastgir Khan told the House that one of the top most priorities of the Nawaz Sharif Government is to improve trade ties with neighbouring countries. In addition, the Government is currently negotiating a Free Trade Agreement with Iran and Preferential Trade Agreements with Turkey‚ Turkmenistan, and Uzbekistan.
 
Last month, Mr. Khan said the trade related talks with neighbouring India are now focused on ‘Non discriminatory market access on reciprocal basis’, instead of the earlier focus on Most Favoured Nation (MFN) status.
 

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Eric Scholler
Groz-Beckert

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search