Setting up of textile city proposed

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The textile sector serves as the backbone of Pakistan’s industrial base as it has about 60% share in total foreign exchange earnings and 40% of the workforce is employed by it, said Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) President SM Naveed. Speaking to the media on Wednesday, he proposed the establishment of Pakistan Textile City to attract local and foreign investment. He also requested the government to focus on the project as it would not only help stabilise the economy but would also pave the way for the development of other industries related to textile. On the occasion, PCJCCI Senior Vice President Daud Ahmed said Pakistan Textile City would be a public-private joint venture to be governed by the government in order to develop an industrial zone near the seaport dedicated for the value-added textile sector.

Published in The Express Tribune, December 10th, 2020.

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Source: tribune.com.pk