Home / Knowledge / News / Textiles / Pakistan Textile Ministry to revive sick production units
Pakistan Textile Ministry to revive sick production units
May '14
The Pakistan Textile Ministry is already deliberating revival of sick production units operating in the textile sector of the country, as it would help in enhancing textile exports and harvesting benefits from the Generalized System of Preferences Plus (GSP+) status given by the European Union (EU), said Federal Minister of Textile Industry, Abbas Khan Afridi.

Minister Afridi was speaking to a delegation of textile exporters during a meeting held at the Faisalabad Chamber of Commerce and Industry (FCCI) office in Faisalabad, reports Business Recorder.

At the meeting, Mr. Afridi said the Government was fully aware regarding the importance of the value-added textile sector, as it not only earns huge foreign exchange for the country, but also creates jobs for the unemployed youth.

The Minister asked FCCI to finalize two or three viable options to revive the sick units operating in the sector, so that the Government and other related Ministries could deliberate and approve the most appropriate method.

On his part, FCCI president Engr. Suhail Bin Rashid said that FCCI had conducted a preliminary study on some of the sick units operating in the textile sector in Faisalabad and had arrived to a conclusion that revival of the sick units in Faisalabad itself could help in fetching US$ 1 billion in foreign exchange, in addition to creating 82,000 new jobs.

These units are known for their professional integrity but are victims of circumstances such as energy crisis coupled with recession in Europe, which has rendered them sick, and the Government must take necessary actions to revive them, he added.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 29th Apr 2017

Textile sector may have uniform GST rate: Irani

The textile sector could have a uniform Goods and Services Tax (GST)...

Textiles | On 30th Apr 2017

Government revamping tech mission on cotton

Indian Government is working to revamp the technology mission on...

Apparel/Garments | On 30th Apr 2017

Columbia Sportswear records Q1 net sales of $543.8 mn

Columbia Sportswear Company has announced record net sales of $543.8...

Interviews View All

Jurgen Gauger

‘Buying crowdsourced or creative designs are much more appealing to the...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Angelina Francesca Cheang

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Eamonn Tighe
Nature Works LLC

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

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

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


Browse Our Archives


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