Home / Knowledge / News / Textiles / Pakistan Govt releases Rs 1.61bn for textile schemes
Pakistan Govt releases Rs 1.61bn for textile schemes
May '11
Mr Shahid Rashid
Mr Shahid Rashid
The Government of Pakistan is doing all it can to enable the textile sector to achieve the target of textile exports of $25 billion, according to Shahid Rashid, the Federal Secretary for Textiles.

In order to support various textile initiatives the Ministry of Textiles has timely released funds to the tune of Rs. 1.61 billion and sent instructions to State Bank of Pakistan for immediate disbursal of the released funds.

Out of the original allocation of Rs. 7.5 billion for the current financial year, the Ministry had released Rs. 4.825 billion earlier. A sum of Rs. 1.065 billion is yet to be released.

The Secretary for Textiles said that his Ministry will keep on working sincerely for the sustained expansion and growth of textile sector. He added, “The government knows the importance of textile sector and all necessary steps would be taken in consultation with all stakeholders to protect and promote the industry."

Besides the release of funds, the Government has taken several steps to revive sick industries. This has resulted in an increase of growth rate of 100 large manufacturing industries by 4.85 per cent.

Realizing that textiles offer a unique and realistic opportunity to strengthen the economy for its sustainable growth, the Government has also established a fund of 10 billion rupees to protect the small and medium enterprises.

The Secretary said that the Textiles Policy has set out a development roadmap and represents a new beginning for the textiles sector. Through this policy, the government has provided necessary support for accelerating progress of textiles in Pakistan.

He added that it is now the responsibility of the private entrepreneurs, business leaders, exporters, and all others affiliated with the textile industry to transform the Government's policy vision into reality.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th Jul 2017

Global growth to pick up in 2017 and 2018: IMF

The pickup in global growth anticipated in the April World Economic...

Textiles | On 25th Jul 2017

Pakistan’s textile exports stay stable in FY17

The value of textile and garment exports made by Pakistan increased...

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kevin Nelson

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

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

Rupa Sood and Sharan Apparao

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Bani Batra

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

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


July 2017

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

news category

Related Categories:

Planning to Take the Leap towards

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

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