Investment in textile sector

Published October 8, 2021
Adviser to the Prime Minister on Commerce, Textile and Investment Abdul Razzaq Dawood addressing exporters at SCCI. — APP/File
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

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...