ISLAMABAD: Pakistani and Chinese experts have agreed to developing atextile cooperation framework under China Pakistan Economic Cooperation byfocusing on readymade garments, man-made fiber and textile skill training.
It was expressed in a one-day workshop organized by the Board of Investment(BOI) to deliberate on a diagnostic study on Pakistan’s textile sector,conducted by the National Development and Reform Commission (NDRC) of Chinaand China International Engineering Consulting Corporation (CIECC),said apress release issued by BOI here on Wednesday.
The textile diagnostic report provided the Chinese viewpoints on thepotentials and barriers of large-scale Textile Mills in Pakistan.
The report was also one of the deliverables of the 9th JCC held in 2019 andis a precursor to a more detailed work on the Textile Sector of Pakistan.
The workshop was attended by Executive Director General (EDG) of BOI, QasimRaza Khan, Project Director of the Project Management Unit (PMU) BoI, AsimAyub, Director SEZs BOI, Abdul Samie, Executive Director APTMA,SattarShahid, Director Textile Industry Division, Kanwar Usman, Chairman PRAGMEA,Shaikh Mohammad Shafiq, Head of Pak-China Investment Company Ltd,TariqMasood and representatives from line ministries, private sector andacademia.
EDG BOI, Qasim Raza Khan informed the participants that CPEC had nowentered into the pragmatic phase of Industrial cooperation, and it was theright time to take Pakistan forward on the path of industrialization.
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It has been agreed that the Chinese side will continue to provideintellectual and technical support to accelerate Pakistan’s prioritysectors especially through the 9 SEZs of Pakistan under CPEC wherein 03SEZs have been prioritized and are now at an advanced stage of development,he added.
He was confident that through this cooperation, many Chinese companieswould reap benefits of Pakistan’s competitive advantages. Project Directorof PMU, Asim Ayub gave a brief presentation on the Textile diagnosticreport, emphasizing that the trade potential had to be transformed intoinvestment potential.
He specified three main areas of cooperation where Chinese could providesupport to Pakistan with the objective of developing a textile cooperationframework.
These areas include readymade garments, man-made fiber and textile skilltraining.
