Home / Knowledge / News / Textiles / Pakistan releases Rs 1.5bn for textile sector in H1 FY'14
Pakistan releases Rs 1.5bn for textile sector in H1 FY'14
08
Feb '14
The Finance Division of the Government of Pakistan has released Pk Rs. 1.5 billion for supporting the textile sector during the first six months of the current fiscal year, Parliamentary Secretary for Cabinet Secretariat Raja Javed Ikhlas told the National Assembly, Radio Pakistan reported.
 
During a question hour, Mr. Ikhlas informed the house that Pakistan Textile City and Karachi Garment City are being set up to boost the country’s textile and apparel exports.
 
The House was additionally informed that land for constructing the Pakistan Textile City has been acquired in Karachi.
 
Mr. Ikhlas said the Government is giving top priority to resolve energy crisis and see to it that the industries get uninterrupted power and gas supply. He also informed that the Government would soon bring out new trade and agriculture policies.
 
Textile and Commerce Minister Khurram Dastgir Khan told the House that one of the top most priorities of the Nawaz Sharif Government is to improve trade ties with neighbouring countries. In addition, the Government is currently negotiating a Free Trade Agreement with Iran and Preferential Trade Agreements with Turkey‚ Turkmenistan, and Uzbekistan.
 
Last month, Mr. Khan said the trade related talks with neighbouring India are now focused on ‘Non discriminatory market access on reciprocal basis’, instead of the earlier focus on Most Favoured Nation (MFN) status.
 

Fibre2fashion News Desk - India


Interviews View All

Smith Vaghasia, Sanado India

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Top executives, Retailers

Top executives
Retailers

Weak rupee breeds inflation

Top executives, Textile industry

Top executives
Textile industry

Customised t-shirts is not a fad

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Lin Jing,

Lin Jing

Jiangsu New Victor is a Chinese mechanical equipment manufacturing...

Ashish M Amin,

Ashish M Amin

Premier Looms is a leading provider of cutting-edge machinery and...

Iago Castro Asensio, RCfil Distribuciones S.L.

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Melissa Tate, University of New South Wales

Melissa Tate
University of New South Wales

<div><div><div><div><b>Melissa Tate</b>, a well-known scientist currently...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

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


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search