PCJCCI proposes textile city
December 10, 2020
LAHORE: Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) has suggested establishment of Pakistan Textile City to attract local and foreign investors, a statement said on Wednesday.
The idea was floated by PCJCCI President S M Naveed during the think-tank session held at the chamber premises.
Textiles had always been serving the country as the backbone of industrial base, providing about 60 percent of foreign exchange earnings and employing around 40 percent of the workforce, he added.
Pakistan is the 8th largest exporter of textile products in Asia. This sector contributes 9.5 percent to the
GDP and provides employment to about 15 million people, ie, 30 percent of the 49 million workforce of the country.