Home / Knowledge / News / Textiles / Augment trade instead of aid – Minister tells US

Augment trade instead of aid – Minister tells US

28
Apr '10
President, Asif Ali Zardari and Prime Minister, Yousaf Raza Gilani have been continuously trying to convince the USA and European Union that they should augment trade instead of providing aid to Pakistan.

Rana Farooq Saeed Khan, Minister for Textile Industry, informed about the aforementioned facts while delivering a Presidential speech at the first convocation of National Textile University on Monday, April 26.

Khan said that, during his and Prime Minister Gilani's recent visit to America, the latter urged the US authorities to ease bilateral trade relations, thereby, permitting Pakistani exporters an easy access into US. The US authorities were also requested to eliminate the trade barriers that hindered trade.

The Minster also admonished the Pakistani spinners for exporting yarn in bulk quantities to international market thereby, ignoring the Pakistani value-added industry's requirement; thus leaving the country's main economic contributing sector, in a catastrophe.

During the last year, in spite of severe virus attack on cotton plants, the country produced around 12.8 million bales of cotton. The minister, since then, has been quite hopeful that the country will soon attain its annual target of 15 million bales.

He said that the PPP government was completely aware of the energy crisis prevailing in the country and was trying hard to deal with the issue by raising electric generation through installation of power units.

He expressed grief that the opposition aggressively resisted and condemned the government's decision of installing Independent Power Units (IPUs) thus, discouraging and reducing the number of foreign investors interested in investing funds in these projects.

Fibre2fashion News Desk - India


Must ReadView All

Pic: Kristi Blokhin / Shutterstock.com

Textiles | On 3rd Apr 2020

World Bank fast-tracks $1 bn COVID-19 support for India

In its largest ever health sector support to India, the World Bank's...

Pic: Shutterstock

Apparel/Garments | On 3rd Apr 2020

China's silk town Shengze sends face masks to Milan

The Shengze Chamber of Commerce in the city of Suzhou in China’s...

Pic: Shutterstock

Textiles | On 3rd Apr 2020

UK GDP to decline by 2.6% in 2020, projects KPMG

UK gross domestic product would decline by 2.6 per cent in 2020,...

Interviews View All

Anavila Misra, Anavila Collection

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Amardeep Singh, Orient Craft

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Anupam Arya,

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Saad Khaled Bari,

Saad Khaled Bari

Benetex Industries is a public ltd company established in year 1992 to...

Ravi Kant Prakash,

Ravi Kant Prakash

A crucial role in the process of fabric manufacturing is played by the...

Madison Maxey, Loomia

Madison Maxey
Loomia

Loomia designs and manufactures soft circuit systems that can be produced...

Asif Rahman, MIP

Asif Rahman
MIP

MIP is a manufacturer and distributor of high-performance textiles and...

Kevin Nelson, TissueGen

Kevin Nelson
TissueGen

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

Igor Chapurin, Chapurin

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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


March 2020

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


Advanced Search