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Monday, August 3, 2009

Textile policy may be announced in two weeks: 'Rs 40 billion earmarked for export development

Textile policy may be announced in two weeks: 'Rs 40 billion earmarked for export development

The government has allocated Rs 40 billion for the textile sector export development fund in the textile policy. This was stated by Federal Minister for Textiles, Rana Muhammad Farook Saeed Khan here on Saturday. Speaking at a meeting of the All Pakistan Textile Processing Mills Association (APTPMA), the minister said the textile policy was in final stages and expected to be announced in next 10 to 15 days.

He said textiles sector could play an important role in reducing unemployment and overcoming menace of terrorism by creating job opportunities. The minister said it had been proposed that commercial attaches should be hired from among the Pakistanis living abroad.

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