The 57th Board of Directors meeting of Pakistan Textile City Limited was held in Karachi, which was chaired by Dr Mirza Ikhtiar Baig, Chairman Pakistan Textile City. Meeting was also attended by Senior Joint Secretary, Ministry of Textile Arshad Farooq Fahim, Deputy Secretary, Ministry of Textile, Muhammad Salahuddin, Directors Shah Miftah ul Azim of NIB Bank, Shiekh Aftab Ahmad, SVP Saudi Pak Industrial and Agriculture Investment, Shabir Anwar Kazi, DG (P&D) Port Qasim Authority and CEO Pakistan Textile City Muhammad Hanif Kasbati.
The Board reviewed the progress for the development of the infrastructure of the project at Port Qasim and expressed their satisfaction on the progress of water and power works. The Board deliberated the launching of the project in October or November 2014 by the Prime Minister Nawaz Sharif and advised to plan road shows in Pakistan and abroad to attract foreign investment in the project.
The marketing team and CEO Textile City would also give presentations to APTMA, PDMEA and other value added textile associations before the launching of the project. The Board directed management to expedite Special Economic Zone (SEZ) status for Textile City project on war footing basis. The Board appreciated personal efforts of the Chairman Dr Mirza Ikhtiar Baig for removing hurdles of the project of vital national importance which will provide over 80,000 jobs in Karachi and would also generate additional exports and revenues for the national exchequer.-PR