Loading…

+917718880355

news

Pakistan is ready to announce its new textile policy in the first week of Sept

YarnsandFibers News Bureau 2014-08-28 11:00:00 – Islamabad

The Pakistan Ministry of Textile is ready with its new textile policy 2014-15 having future strategy for the industry and also comprises a plan to facilitate smaller units for the economic development of the country. The new textile policy is set to be announced in the first week of September.

Kanwar Usman, the spokesperson for the ministry, said that the policy will be comprehensive and an amount of Rs82 billion has been allocated for the ministry in the budget this year.

The ministry will consider the plan for a brand development fund to introduce Pakistani products in the international market.

The ministry would also establish new garment houses in the four big cities of the country to meet competition in the international market.

The government has allocated Rs4.4 billion in the budget to facilitate training sessions for 120,000 textile workers that would equip them with modern skills.

The ministry’s top priority is the smaller components of the industry including hand-made carpet, loom sector and silk-based products. They will also be provided with financial assistance.

The policy will establish Product Development Centre to facilitate international firms for receiving orders at low costs from small industries.

0 0 vote
Article Rating
0 Comments
Inline Feedbacks
View all comments

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!

WeCreativez WhatsApp Support
Our support team is here to answer your questions via WhatsApp. Ask us anything!
? Hello