Home / Knowledge / News / Textiles / Pakistan govt to revive closed textile mills: Minister
Pakistan govt to revive closed textile mills: Minister
17
Jul '14
The Government of Pakistan is planning to revive the closed textile units, so as the increase the country’s annual exports by US$ 1 billion and create about 100,000 new jobs in the process, Commerce Minister Khuram Dastagir Khan has said.
 
During a meeting with representatives of the Faisalabad Chamber of Commerce and Industry (FCCI) in Islamabad, Mr. Khan said the Government would persuade the State Bank of Pakistan and other financial institutions to restructure debts of the sick textile units so that they can be made operational.
 
Mr. Khan asked the FCCI delegation to prepare a list of all the closed textile units and the number of employees who became unemployed due to their closure, as it would help the Ministry to frame appropriate policies to solve the problems of those textile mills and they be made re-operational.
 
The delegation told the Minister that the revival of the closed textile units would be able to generate employment opportunities for about 100,000 persons, with 25-30 percent of them being women. Such a step would also help Pakistani textile industry to increase their share in global markets.
 
On the occasion, the Minister also spoke about the necessity for Pakistan to add value to its textiles. He told the delegation that the country’s textiles currently earn only about US$ 4-5 per kg of cotton, and the Government intends to increase this value to over $15 per kg.
 
The exports of textiles and garments from Pakistan increased by 5.96 percent year-on-year to US$ 12.626 billion in the first eleven months of fiscal year 2013-14, according to the latest data released by the Pakistan Bureau of Statistics. Of this, garments accounted for only $3.82 billion.
 

Fibre2fashion News Desk - India


Must ReadView All

US commerce department finds dumping of low melt PSF

Textiles | On 20th Jun 2018

US commerce department finds dumping of low melt PSF

The US department of commerce (USDC) has announced affirmative final...

Courtesy: Aditya Birla

Textiles | On 20th Jun 2018

'Growth of VSF yarn industry is difficult'

Growth for the viscose filament yarn (VSF) yarn industry is...

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Apparel/Garments | On 20th Jun 2018

Comfort USP of Sensitive Fabrics range of Eurojersey Spa

Italian company Eurojersey Spa will present in 2019 new embossing...

Interviews View All

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Top executives
Textile industry

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

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Kalai Selvi

Vidyashilp Academy in Bengaluru is the country's first Fairtrade School....

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Mala Alwani

<div>Delhi-based fast fashion womenswear brand, Besiva, aims to bridge the ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mohammad Hassan
Biax Fiberfilm

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

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

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