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Japan offers ¥500-mn equipment grant to NTU, Faisalabad
23 Mar '20
1 min read
Pic: Shutterstock
Japan has extended a grant assistance worth ¥500 million in the form of equipment to the National Textile University (NTU) in Faisalabad under its Economic and Social Development Programme. Economic affairs secretary Syed Pervaiz Abbas and Japanese ambassador to Pakistan Matsuda Kuninori signed the grant-related documents in Islamabad last week.
Abbas said the assistance focuses on the needs of the country’s textile industry, which needs to upgrade its supply chain, improve productivity and maximise value-addition to survive.
The Japanese ambassador committed continued support to Pakistan from his country to maximise the South Asian nation’s potential in areas with comparative advantage like the textile sector, according to Pakistani media reports.
Abbas said the assistance focuses on the needs of the country’s textile industry, which needs to upgrade its supply chain, improve productivity and maximise value-addition to survive.
The Japanese ambassador committed continued support to Pakistan from his country to maximise the South Asian nation’s potential in areas with comparative advantage like the textile sector, according to Pakistani media reports.
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