Quaid-e-Azam Apparel Park | Yarns and Fibers

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Pakistan’s three textile groups to invest heavily in setting up denim units

YarnsandFibers News Bureau

Related Keywords: APTMA, GSP Plus status, Quaid-e-Azam Apparel Park, see availability of RLNG, substantial drop in energy cost, to invest heaving on setting denim units, Top three textile groups from Pakistan, value added textile industry

Pakistan's top three textile groups seeing the availability of Re-gasified Liquid Natural Gas (RLNG) from the month of March onward have invested heavily on setting up denim units. Fresh investment has started holding ground in the value added textile industry with a substantial drop in energy cost, which is likely to reduce further in next three months.

Ruyi Group losing interest in the Quaid-e-Azam apparel park project

YarnsandFibers News Bureau

Related Keywords: joint venture, PIEDMC, proposal, Punjab Government, Quaid-e-Azam Apparel Park, Ruyi group

The Shandong Ruyi Group, a joint venture between Chinese and foreign investors headed by Qiu Yafu, is a hi-tech enterprise, who were planning to invest immensely in the Quaid-e-Azam Apparel Park, a project of the Punjab government is losing interest in the project.

Despite several meetings held by its Director Arie Qiu, daughter of the owner with the Punjab chief minister to discuss investment, the company has not yet come up with proposals to demonstrate its interest in the project.

Pakistan forms six working groups development of textile and garment sector

YarnsandFibers News Bureau

Related Keywords: business concil, garment sector, GSP Plus status, Pakistan textile sector, Quaid-e-Azam Apparel Park, six working groups, special incentives

Pakistan government is taking comprehensive measures for further development of its garment and textile sector to boost exports. One of the measures is that the government has formed six working groups for the development of garments and textile sectors. The textile and garment sectors are offered more facilities to gain maximum benefit from GSP Plus status as well as creating new job opportunities in the country and increasing exports, this was stated by the Punjab Chief Minister Muhammad Shahbaz Sharif Friday.

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