Data released by the Pakistan Bureau of Statistics (PBS) on December 18 shows that Pakistan’s textile and clothing exports grew by 4.88 per cent year-on-year to $ 6.04 billion between July to November this financial year compared to $ 5.76 billion in the same period last financial year. This means that Pakistan s textile production and exports have largely recovered from the COVID-19 pandemic shock and are back on growth trajectory both in terms of the quantity and dollar value.
The Pakistani government has recently announced a lucrative energy package to help textile industry recuperate from the COVID-19 shock. The package does away with peak electricity rates, offers reduced tariffs on additional power consumption, and fixes power price at $ 0.07 a unit and gas tariff at $ 0.065 per MMBtu.
Motiwala new BMG chairman
December 13, 2020
KARACHI: The Supreme Council of Businessmen Group (BMG) unanimously resolved to give the responsibility of BMG Chairmanship to Zubair Motiwala, a statement said on Saturday.
The consensus was reached at a BMG Supreme Council’s meeting, which was presided over by BMG Vice Chairman Tahir Khaliq and attended by BMG vice chairmen Zubair Motiwala, Haroon Farooki, Anjum Nisar and General Secretary A Q Khalil, it added.
Motiwala has been Sindh Board of Investment chairman, adviser to Sindh chief minister and chairman / member Advisory Board/ member Board of Directors at a host of private and public sector institutions.