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PSDP budgetary proposals worth Rs69.37bn gets green signal from NA textile body

Related Keywords: BT resistance in cotton bollworms, cotton standardisation system, duty on imported yarn, Faisalabad garment city, Faisalabad garment city training centre, increase raw cotton export, Karachi garment city, monitoring and management, National assembly on textile industry, Pakistan textile city, PSDP bugetary proposal given approval

At the 7th meeting of National Assembly Standing Committee on Textile Industry was held on Monday, PSDP Budgetary proposals worth Rs 69.370 billion was given approval after a detailed discussion for the year 2015-16. Also Faisalabad Garment city phase 2 worth Rs598.5 million, Faisalabad Garment City Training Centre costing Rs60 million, Karachi garment city phase 1, amounting Rs805.119 million, were discussed in detail.

Textiles ministry seeks funds in PSDP budget for 8 new projects

Related Keywords: boost value textile, cotton as relay crop, Development of Garment city, eigth new projects, Faisalabad garment city, garment manufacturer, Pakistan Ministry of Textile, PSDP budget, textile infrastructru project, train textile workders

Pakistan Ministry of Textiles is seeking funding for eight new projects in the Public Sector Development Programme (PSDP) budget for the 2015-16. Faisalabad Garment city is another project which would be discussed in CDWP, as it is a textile infrastructure project whereby state of the art infrastructure would be developed . The cost of the project is estimated to be Rs.598.500 million.

According to the documents the ministry claims that this project would help garments manufacturers in boosting value addition to textile related exports.

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