Minister for Commerce Engr. Khurram Dastagir Khan, inaugurating the 15th Textile Asia 2016 Exhibition, the South Asia’s Biggest International B2B Textile Spinning, Knitting, Weaving. Garment, Embroidery, Digital Printing, Machinery and chemical and allied services show at the Expo Centre Karachi, said that prices and exports of Pakistani readymade garments have also increased in the international market. The minister further stated that from July 1 the value added tax would become zero.

Dastagir was of the view that the holding of this event would be beneficial for the local textile industry and that there would be enhancement in the country’s exports.

He said that the display of the modern machinery will also benefit this very sector and those associated with the industry would also enhance their capacity.

The commerce minister pointed out that for the development of the country’s textile industry, Prime Minister Nawaz Sharif had announced reduction in the power tariff.

S.M. Muneer, Chief Executive of Trade Development Authority of Pakistan (TDAP) along with Shaikh Muhammad Shafiq, Chairman PRGMEA and Dr. Khursheed Nizam President, Ecommerce Gateway Pakistan, were also present on the occasion.

This trade fair is expected to be visited by 65,000 people from trade and corporate sector as well as more than 550 foreign delegates from 27 countries mainly from Austria, China, Czech Republic, France, Germany, India, Italy, Korea, Taiwan, Turkey, UK, USA etc. The focus of this trade fair is value addition in Textile industry to increase the export of value-added textile and garment products.

This three-day textile trade fair is being organized with the concept of attracting high profile manufacturers, exporters and importers from all over the world.. The event is jointly organized by the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and Ecommerce Gateway Pakistan.