Investment in textile sector

APP Published October 8, 2021

Adviser to the Prime Minister on Commerce, Textile and Investment Abdul Razzaq Dawood addressing exporters at SCCI. — APP/File

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

Newspaper

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Cotton surges to Rs14,500 per maund

Fastrack

Oct 08, 2021 08:01am

Fantastic. Pakistani textile industry's hard workers are a symbol of perseverance leading to success.

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Fastrack

Oct 08, 2021 08:03am

Keep going Khan. Pakistan marches with you in step.

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AndYou!

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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Punjabis Chronicles

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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Omar

Oct 08, 2021 09:10am

What about the politically corrupt system that investment has to go through.

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Haroon Temueri

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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Saif Zulfiqar

Oct 08, 2021 10:40am

Even this report will be criticised by PMLN, PPP and the religious-cum-Political parties.

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Oneliner

Oct 08, 2021 11:15am

Only ARD is keeping his head to his work

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Dr. Salaria, Aamir Ahmad

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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Zak

Oct 08, 2021 01:39pm

Pakistan textile for Fy22 will touch $15 Billion.

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Lahorewala

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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Yaqoot Mir

Oct 09, 2021 06:23am

Still talking textiles only! Wow. Exports are not going up this is a blatant lie

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