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Pakistan likely to get its new textile policy soon

Related Keywords: approval, Economic Coordination Committee, first Pakistan textile summit, long term textile policy, Pakistan Federal Minister, Pakistan textile sector, Textile and Industries, value added products

The Pakistan Federal Minister for Textile and Industries Abbas Khan Afridi in his keynote address at the First Pakistan Textile Summit on Thursday stressing the need to formulate a comprehensive and long-term textile policy said that on incorporating the recommendations of stakeholders in the draft of the first textile policy, it would be forwarded to the Economic Coordination Committee (ECC) in next three weeks for approval.

Vinatex top textiles and garment maker of Vietnam get approval to sell 24pc stake ahead of IPO

Related Keywords: approval, free-trade deal, IPO, sell stake, textile and garment maker, TPP, two domestic property firms, Vinatex, yarn forward rules

Vinatex, Vietnam's top textiles and garment maker gets approval to sell a combined 24 percent stake to two domestic property firms, among them Vingroup, ahead of the state-run firm's IPO next week. Vinatex will sell 10 percent to Vingroup, the country's third-biggest listed firm by market value, and 14 percent to the unlisted Vietnam Investment Development Group, Vinatex said.

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