Investment in textile sector
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ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Thursday appreciated new investment of $5 billion in the textile sector.
“We have been informed that an investment of approximately USD 5bn is in the pipeline under which 100 new textile units are expected to be established,” he said on his official Twitter account.
“Our Make-in-Pakistan policy is beginning to show results,” the adviser said.
He said that apart from enhancing export capacity, the new investment was likely to create about 500,000 jobs.
Mr Dawood said the incumbent government had reversed the de-industrialisation and they were now on a path of industrial growth in Pakistan.
Published in Dawn, October 8th, 2021
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Comments (12) Closed
Oct 08, 2021 08:01am
Fantastic. Pakistani textile industry's hard workers are a symbol of perseverance leading to success.
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Oct 08, 2021 08:03am
Keep going Khan. Pakistan marches with you in step.
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Oct 08, 2021 08:17am
Reduce the cost of electricity and more growth will yield. Industrialists should focus on quality and extreme good customer service policies. Introduce IT department for better management.
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Oct 08, 2021 08:21am
Having agreed with Mr A.Razak Dawood hopes, please keep in mind the lazy governance of Sindh Government . The decades old Cottage Industries plans, Residential Plots Development MDA plans all sitting idle, with no government activity. The coterie of dump ministers knows nothing how to serve second largest province of Pak, with criminal negligence to international city Karachi. Besides new industry needs water, power, & security, do we have these.
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Oct 08, 2021 09:10am
What about the politically corrupt system that investment has to go through.
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Oct 08, 2021 10:18am
We must support made in this Pakistan items in all gov’t positions al machinery equipments needed for the gov’t should be made in Pakistan and items made in Pakistan should get priority in every field of the state of Pakistan
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Oct 08, 2021 10:40am
Even this report will be criticised by PMLN, PPP and the religious-cum-Political parties.
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Oct 08, 2021 11:15am
Only ARD is keeping his head to his work
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Oct 08, 2021 11:45am
That's exactly what he said when he was part and parcel of the former corrupt and dishonest administrations in Islamabad, Islamic Republic of Pakistan?
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Oct 08, 2021 01:39pm
Pakistan textile for Fy22 will touch $15 Billion.
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Oct 08, 2021 03:46pm
Need to make and export garments to add value to our cotton, yarn and cloth production
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Oct 09, 2021 06:23am
Still talking textiles only! Wow. Exports are not going up this is a blatant lie
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