Textile Ministry finalizes draft of textile revival package

13 Feb '09

1 min read

The Federal Textile Minister, Mr Farooq, yesterday announced that, the government has finalized the draft of the National Textile Revival Plan, which has been sent to the relevant stake holders for their comments.

Mr Farooq announced this, on the sidelines of a seminar on “National Strategy for Textile Industry”, hosted by the Pakistan Hosiery Manufacturers Association and added by saying that attending this seminar was part of government policy to seek recommendations from industry leaders.

Earlier while addressing the seminar, Mr Farooq said that, the State Bank of Pakistan had started accepting R&D claims, the payment for which may begin, early next week. He also revealed that the government had allowed import of five year old machinery, as suggested by the industry trade bodies.

Three more of these type of seminars will be held in Faisalabad and Sialkot and the final one at the President's residence. The minister said that the government was keen to solve the problems of the sector and this seminar had been organised on the recommendations of the President, himself he disclosed.

Fibre2fashion News Desk - India

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