CPEC to boost garment exports

Pakistani and Chinese experts have agreed to develop a textile cooperation framework under China Pakistan Economic Cooperation (CPEC) by focusing on readymade garment exports and textile skill training.

It was expressed in a one-day workshop organised by the Board of Investment (BOI) to deliberate on adiagnostic study on Pakistan’s textile sector, conducted by the National Development & Reform Commission (NDRC) of China and China International Engineering Consulting Corporation (CIECC).

The Textile Diagnostic report provided the Chinese viewpoints on the potentials and barriers of large-scale Textile Mills in Pakistan. The report was also one of the deliverables of the 9th JCC held in 2019 and is a precursor to a more detailed work on the Textile Sector of Pakistan.

The workshop was attended by Executive Director General (EDG) of BOI, Mr. Qasim Raza Khan, Project Director of the Project Management Unit (PMU) BoI, Mr. Asim Ayub, Director SEZs BOI, Abdul Samie, Executive Director APTMA, Sattar Shahid, Director Textile Industry Division, Kanwar Usman, Chairman PRAGMEA, Shaikh Mohammad Shafiq, Head of Pak-China Investment Company, Tariq Masood and representatives from line ministries, private sector and academia

EDG BOI, Qasim Raza Khan informed the participants that CPEC has now entered into the pragmatic phase of Industrial cooperation, and it is the right time to take Pakistan forward on the path of industrialisation.  It has been agreed that the Chinese side will continue to provide intellectual and technical support to accelerate Pakistan’s priority sectors especially through the 9 SEZs of Pakistan under CPEC wherein 03 SEZs have been prioritised and are now at an advanced stage of development, he added.

News Network International