Karachi: The modern Textile City being built at Port Qasim in Karachi will be completed next year and provide 80,000 jobs, says Federal Finance Minister Dr Abdul Hafeez Sheikh.
“It is one of very important mega project to enhance textile exports with public-private collaboration having estimated initial cost of infrastructure facility of Rs1.5 billion, spread over 1250 acres covered area,” he told newsmen Saturday after chairing a meeting here.
Dr Sheikh said Executive Committee of National Economic Council ECNEC will hopefully give approval to Textile City project next week. It will have 800 plots covering all ancillary units of textile industry, 250MW electric supply and 20 million gallon of water per day. “
Textile City CEO Zaheer Khan said vision was to operate a world class industrial zone dedicated to value added textiles and project Pakistan as a textile hub. It will have one window operation, utility supply and treatment plant.