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Related Keywords: China in its Xinjiang Uygur Autonomous Region, create stiff competition, largest garment export processing base, Pakistani textile sector, planning to introduce ten year, sometimes called East Turkestan, textile development plan, Xinjiang will build largest cotton textile production base

China in its Xinjiang Uygur Autonomous Region — which is also sometimes called East Turkestan is planning to introduce 10 year textile development plan which is likely to create stiff competition to the Pakistani textile sector unlike the China Pakistan Economic Corridor (CPEC) will open new doors of development in Pakistan.

Related Keywords: bilateral trade, coming years, CPEC, European bloc, Honorary Consul General of Pakistan for Finland Wille Eerola, huge influx of Chinese investment, Nordic companies, Nordic Pakistan Business Summit, Pakistan full of opportunities, Pakistani textile sector, remain biggest export market, South Asian nation

The European bloc likely to remain the biggest export market for Pakistan’s textile sector in coming years despite a huge influx of Chinese investment in the South Asian nation was emphasized by Honorary Consul General of Pakistan for Finland Wille Eerola.

However, Pakistan textile lobbies should be aware that China itself was a big exporter of raw textile products and should also focus on other export products to increase its share in the European market and reduce dependence on textiles.

Related Keywords: APTMA demand, gas crisis, Industrial sector, Nawaz Sharif, Pakistani textile sector, Prime Minister, uninterrupted gas supply

Taking an initiative, the Prime Minister Nawaz Sharif on the demand of All Pakistan Textile Mills Association (APTMA) vowed to resolve the gas crisis without realizing the ground realities because gas is reportedly not available for the industrial sector.

The Pakistan government on Tuesday once again failed to develop a strategy to provide uninterrupted gas supply to the textile sector to end the miseries of the industrialists.

Related Keywords: cotton, Pakistan textile export, Pakistani textile sector, textile economy, textile policy

The Government of Pakistan seems to increase its participation in the shaping of textile economy of the country. In the yesteryear viz. 2012-2013, the textile sector had obtained a payout of Rs.2 billion. But the one year performance of the textile industry has invoked the government to make as increase in the investment upto Rs. 3.5 billion.