New textile policy on the cards
Planning minister hopes policy will help maintain current textile boom
PHOTO: AFP
ISLAMABAD:
Pakistan is working on a new textile policy which will certainly help the country maintain the current tempo of growth, said federal Minister for Planning, Development and Special Initiatives Asad Umar.
Speaking at a meeting with business community at the Faisalabad Chamber of Commerce and Industry (FCCI) on Friday, he pointed out that the textile boom, being witnessed in Faisalabad, clearly indicated that the city was the main beneficiary of current government s policies.
He dismissed the allegation that the previous textile policy was not implemented in true letter and spirit and added that its positive results were reflected in the textile boom.
Call for integrating private sector demands with PSDP
Islamabad
February 25, 2021
Islamabad : Member (Private Sector Development) at the Planning Commission Asim Saeed on Wednesday said the Ministry of Planning, Development and Special Initiatives is the investment arm of the government and is keen to align private sector demands in PSDP.
He was addressing a meeting of Industry and Enterprise Sub-Committee meeting of National Advisory Committee of Planning Commission that met under the convenorship of Dr Abid Qaiyum Suleri, head of Sustainable Development Policy Institute here Wednesday.
Mr Saeed exhorted the private sector to be forthcoming so that its demands-based proposals may get incorporated in the PSDP through relevant ministries.
Faisalabad, Feb.17 (Gwadar Pro) - China-Pakistan Economic Corridor (CPEC) Authority Chairman Lt. General Asim Saleem Bajwa (retd) said on Monday afternoon that up-gradation of Faisalabad International Airport was under consideration while a technical institute to provide skilled manpower would also be established by the CPEC Authority in the city.
He said that the CPEC Authority would undertake more projects in Faisalabad after the successful launch of Allama Iqbal Industrial City Special Economic Zone (SEZ) under the CPEC.
Addressing a meeting during his visit to Allama Iqbal Industrial City, Bajwa said that Allama Iqbal Industrial City was a flagship project of CPEC Authority which would facilitate Chinese investors to shift their high tech industrial units under the second phase of CPEC.
Incentives for industry to boost economy bearing fruits
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Pakistan also experienced this dilemma when during previous regimes the industrial sector
ISLAMABAD (Dunya News) – In the modern world, industry in any country provides a foundation for economic growth and well being of people. The states and the government always desire vibrant industry to avoid recessions and stand firm even during odd times.
For, this goal they put in all out efforts that not only boost their exports but also save from unnecessarily borrowing.
But slumps, corruption, nepotism and ad-hocism often jeopardize this growth and this happens very often in the developing states where the ruling elites ruin national infrastructure for their personal gains.
Supply of electricity, gas to be ensured
Islamabad
January 31, 2021
Islamabad : Federal Minister for Energy Omar Ayub has said that 500 KVA grid station and 40 million metric cubic feet of gas will be provided for immediate supply of electricity in Allama Iqbal Industrial City, the preferred special economic zone of Faisalabad Industrial Estate Development & Management Company (FIEDMC) under China Pakistan Economic Corridor (CEPC), says a press release.
Funds would be provided on an emergency basis for the project. He was talking to Chairman FIEDMC, Mian Kashif Ashfaq. On the occasion, he also assured to provide additional 15 million metric cubic feet of gas for M3 Industrial Estate.