Home / Knowledge / News / Textiles / BoI assures Turkish delegation about investment prospects in Pak
BoI assures Turkish delegation about investment prospects in Pak
Dec '10
In order to explore prospects for investment, predominantly in textile as well as agricultural sector, a 5-member Turkish delegation has paid a visit to the Board of Investment (BoI) last week. The delegation reflected keen interest in areas of textile and agriculture.

BoI has given an assurance to the members of the delegation with regard to information exchange about investment, various policies associated with investment, apart from discerning avenues of improved economic and commercial ventures between Pakistan and Turkey and the possibility of joint investments.

Humayun Sikandari – Executive Director General of BoI provided an in-depth insight on investment policy, incentive schemes, Special Economic Zones and the remarkable prospects existing in textile, agriculture and energy sectors.

He also gave information about the recent investment data from July-Sep 2010, which is $1.3 million. He also expressed his optimism for an enormous enhancement in investments following the recent visit of the Pakistani Prime Minister and the Chairman of BoI, Saleem H. Mandviwalla to Turkey.

He revealed that textile has been a major contributor in Pakistan's exports over the past 50 years and has undergone an investment of US $7.5 billion during the last decade. He even pointed out that Pakistan is the 4th biggest cotton producer and 3rd biggest cotton consumer in the world.

Speaking about the incentives extended to the investors, he said that Pakistan grows globally renowned raw cotton and there are exclusive textile and garment cities.

There has been a significant cutback in import duty to 5 percent on textile machinery and components. Research and Development (R&D) support has been enhanced by 6 percent, revenue tax has been cut to 1 percent and sales tax has been curtailed to 2 percent.

Land is also available at various garment cities of Pakistan such as Faisalabad Garment City, Lahore Garment City and Karachi Garment City for constructing industries such as textile industries, garment factories, ginning units, light engineering plants, powerlooms and carpet industry.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 27th Oct 2016

Teijin Frontier develops Solotex RC lightweight fibre

Teijin Frontier Co. Ltd, fibre products converting company and part...

Tosha Hays addressing the conference. Courtesy: College of Family and Consumer Sciences, UGA

Textiles | On 27th Oct 2016

Industry experts discuss future of fabrics at UGA

Industry experts, researchers and military officials discussed the...

Courtesy: Global Denim Awards

Fashion | On 27th Oct 2016

Anbasja Blanken & Italian mill ITV Denim win GDA

Dutch designer Anbasja Blanken and Italian mill ITV Denim was the...

Interviews View All

Sonia Agarwal

‘The terms eco-friendly and organic are common but everyone perceives them ...

Manfred Mentges
Sedo Treepoint GmbH

We see a higher demand in colour management systems, as customers see big...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Mike Hoffman
Gildan Activewear SRL

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

Pranav Mishra

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

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

October 2016

October 2016

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


Browse Our Archives


Advanced Search