Monday, March 4, 2024

Textile industry to get $5 Billion investment to build 100 textile units.

Abdul Razak Dawood, the Prime Minister’s Adviser on Commerce and Investment, indicated that a $5 billion investment in new textile units is in the works.

“Our Make-in-Pakistan policy is beginning to show results,” Dawood posted on Twitter, highlighting the beneficial consequence of the “Make-in-Pakistan” initiative.

“We’ve been told that a $5 billion investment is in the works, with 100 new textile facilities anticipated to be built,” the adviser stated.

“Apart from boosting export capability, these are projected to produce roughly 500,000 jobs,” he stated when asked for more information about the investment.

“This government has reversed de-industrialisation, and InshaAllah, Pakistan is now on a road of industrial growth,” the PM’s adviser continued.

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