PM Gilani approves additional Rs1 billion for Textile City

PM Gilani approves additional Rs1 billion for Textile City

KARACHI: Prime Minister Yousuf Raza Gilani has approved additional Rs1 billion for PakistanTextileCity to meet the urgent financial need of the project.This was stated by the Federal Advisor on Textiles and director of Pakistan Textile City Dr Mirza Ikhtiar Baig here Wednesday. He thanked the prime minister for sanctioning the additional amount which was needed on urgent basis to complete some remaining work.Baig also thanked Finance Minister Dr Abdul Hafiz Sheikh and Minister for Textile Industry, Makhdoom Shahabuddin for their continued support to the project.

He said that since the plots are offered to interested entrepreneurs for sale in the project, it was necessary to complete all the initial development work.Baig called it a testimony and endorsement to the ownership of the project by the Government of Pakistan.It may be noted that TextileCity located at Port Qasim is a project of value added textile industries with most modern facilities. The project was recently inaugurated by the prime minister of Pakistan and now industrial plots are ready for allotment. – Brecrder