AIRLINK 200.02 Increased By ▲ 6.46 (3.34%)
BOP 10.23 Increased By ▲ 0.28 (2.81%)
CNERGY 7.83 Decreased By ▼ -0.10 (-1.26%)
FCCL 40.00 Decreased By ▼ -0.65 (-1.6%)
FFL 16.80 Decreased By ▼ -0.06 (-0.36%)
FLYNG 26.50 Decreased By ▼ -1.25 (-4.5%)
HUBC 132.79 Increased By ▲ 0.21 (0.16%)
HUMNL 13.99 Increased By ▲ 0.10 (0.72%)
KEL 4.67 Increased By ▲ 0.07 (1.52%)
KOSM 6.57 Decreased By ▼ -0.05 (-0.76%)
MLCF 46.66 Decreased By ▼ -0.94 (-1.97%)
OGDC 211.89 Decreased By ▼ -2.02 (-0.94%)
PACE 6.89 Decreased By ▼ -0.04 (-0.58%)
PAEL 41.34 Increased By ▲ 0.10 (0.24%)
PIAHCLA 17.02 Decreased By ▼ -0.13 (-0.76%)
PIBTL 8.13 Decreased By ▼ -0.28 (-3.33%)
POWER 9.37 Decreased By ▼ -0.27 (-2.8%)
PPL 181.45 Decreased By ▼ -0.90 (-0.49%)
PRL 41.60 Decreased By ▼ -0.36 (-0.86%)
PTC 24.69 Decreased By ▼ -0.21 (-0.84%)
SEARL 112.25 Increased By ▲ 5.41 (5.06%)
SILK 1.00 Increased By ▲ 0.01 (1.01%)
SSGC 44.00 Increased By ▲ 3.90 (9.73%)
SYM 19.18 Increased By ▲ 1.71 (9.79%)
TELE 8.91 Increased By ▲ 0.07 (0.79%)
TPLP 12.90 Increased By ▲ 0.15 (1.18%)
TRG 67.40 Increased By ▲ 0.45 (0.67%)
WAVESAPP 11.45 Increased By ▲ 0.12 (1.06%)
WTL 1.78 Decreased By ▼ -0.01 (-0.56%)
YOUW 4.00 Decreased By ▼ -0.07 (-1.72%)
BR100 12,170 Increased By 125.6 (1.04%)
BR30 36,589 Increased By 8.6 (0.02%)
KSE100 114,880 Increased By 842.7 (0.74%)
KSE30 36,125 Increased By 330.6 (0.92%)
Business & Finance

PM vows to provide full support to textile industry amid historic demand

  • “The textile sector is one of a number of positive developments in our economy despite COVID 19,” he said.
Published November 25, 2020

Prime Minister Imran Khan on Wednesday said that he has instructed the Ministry of Commerce and Industries to facilitate the textile sector, which has been enjoying a boom in the coronavirus pandemic.

“As the Faisalabad textile industry sees a massive rise in demand & export orders, I have instructed the Commerce & Industries Ministries to ensure all necessary support to the textile sector to enable them to meet their growing demands,” tweeted PM Khan.

“The textile sector is one of a number of positive developments in our economy despite COVID 19,” he added while sharing a media report on historic demand for Pakistani textiles.

As per media reports, the Faisalabad textile industry has witnessed a massive rise in demand and export orders, which has pushed the industry is working at full capacity but despite this, the industry is currently facing a shortfall of 700 million meters of cloth.

Earlier, the Provincial Minister for Industries Mian Muhammad Aslam Iqbal during a meeting with a delegation of All Pakistan Textile Processing Mills Association (Aptma) promised to provide solutions to the delegation's proposals regarding the provision of infrastructure, environmental issues, and social security notices during corona.

Referring to the transfer of industries from the inner city to FedMuck, the delegation said that the modern age requires us to adapt ourselves to the new age and innovate our industry and it is important that the government provides us with loans on easy terms so that we can install new machinery in FedMuck that is in line with future requirements and needs.

Comments

Comments are closed.