*ISLAMABAD – **In another positive economic development, $5 billion pledgedto be injected in Pakistan economy.*
*Pakistan textile industrialists are willing to invest $5 billion in thesector as China is pulling out of textiles, informed Group Leader AllPakistan Textile Mills Association (APTMA) Gohar Ejaz.*
Talking to local media, the textile industrialist said that the onlyindustry working in Pakistan at the moment is the textile industry. “Thedomestic consumption has been curtailed in other sections, however exportfactories are working at 100 percent capacity,” said Gohar.
The industrialist added that textile industry is competitive in only thosecountries where average earnings are less than $100-150. “We have got theraw material, technology and labor,” he said, adding, “we are globallyviable and there is a demand for our product after 10 years”.
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The Group Leader APTMA urged the government to implement a uniform policyfor the textile industry.
Days ago, APTMA Punjab Senior Vice Chairman Abdul Rahim Nasir urged thegovernment to provide five-year policy for textiles and clothing to attractlong term investment.
