LAHORE, Pakistan: The Federal Commerce and Textile Minister Pervaiz Malik on Saturday inaugurated the three-day 18th Textile Asia International Trade Fair at Expo Centre in Lahore.
In his address at the inauguration, the minister said Rs 180 billion export package had contributed significantly towards putting country’s exports into growth trajectory, enabling Pakistani products to get proper share in the global market.
The minister said concrete steps were being taken to increase volume of Country’s overall exports, asserting that Economic Coordination Committee (ECC), in its last meeting, had reviewed the impact of Prime Minister’s Export Package and also considered expanding its scope by including other sectors into it.
Pervaiz Malik said the prime minister had ordered for constituting a committee to undertake a detailed analysis of the impact of the package, proposing some changes to its scope and coverage.
The commerce minister said China-Pakistan Economic Corridor (CPEC) had opened up a momentum of opportunities for industrial cooperation between the two countries.
Under CPEC projects, he mentioned, the government was keen to link Chinese Small Manufacturing Enterprises with Pakistani Small and Medium Enterprises (SMEs), as a number of Chinese firms would relocate their production units in Pakistan.
The minister said China needed markets for its products and searched for raw material while Pakistan needed access to technology to boost its industry.
The three-day 18th Textile Asia 2017 International Trade Fair was jointly organised by Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and E-Commerce Gateway Pakistan.
The exhibiting Countries include China, France, Germany, India, Italy, Korea, Taiwan, Turkey, Austria, Czech Republic, United Kingdom and the United States etc.
The minister in his address also appreciated the role of PRGMEA and congratulated its leadership for holding 18th Textile Asia successfully.