President Pak-China Joint Chamber of Commerce and Industry appreciates revival of Pakistan Textile city project

Lahore, September 22, 2014 (PPI-OT): Mr. Shah Faisal Afridi, President Pak-China Joint Chamber of Commerce and Industry (PCJCCI) has appreciated revival of Pakistan Textile city project and hoped that it will attract local and foreign investors in large number. While highlighting the significance of this project, he said that Textiles had always been serving the country as the backbone of Pakistan’s industrial base providing about 60 percent of foreign exchange earnings and employing around 40 percent of workforce.

President PCJCCI felicitated Dr. Mirza Ikhtiar Baig, Chairman Pakistan Textile city to make successful endeavours for renewal of the project. He said that, Pakistan is the 8th largest exporter of textile products in Asia. This sector contributes 9.5% to the GDP and provides employment to about 15 million people i-e 30% of the 49 million workforce of the country, he said.

Mr. Afridi appreciated government’s initiative to focus on this much awaited project that would not only help stabilize the economy but would also pave way for the other industries related to textile. He said that Pakistan Textile City Limited is a public private joint venture company; a mega project driven by the federal government with a vision to develop and operate Pakistan’s first state-of-the art industrial zone near seaport dedicated for the value-added textile sector. One window operation, uninterrupted utility supply, captive power plant, dedicated water supply pipeline, combined effluent treatment plant, sewerage and storm water drainage, fire fighting system and potable water supply line are some of the salient features of this project, he added.

He pointed out that a number of industries and work opportunities are directly or indirectly related with Textile Sector. For example, colours and dies, plastics, printing, machinery etc are equally affected by booms or busts in Textile sector, he said adding that development in one industry leads to the development and expansion of other industries as well.

He observed that Pakistan Textile City had successfully completed the arrangements for uninterrupted power supply from K-Electric (formerly KESC), water from Karachi Water and Sewerage Board (KW and SB) and gas from Sui Southern Gas Company (SSGC) for the industries to be set up at the Textile City.

For more information, contact:
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan.
Tel: +92 42 35777460- 02, 37032203 – 35874353
Fax: +92 42 35777524
Email: info@pcjcci.org

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