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KARACHI, Oct 1 Asia Pulse - The government will set up three 'textile cities' at Karachi, Lahore and Faislabad to meet the challenge of WTO regime when textile quotas will come to an end and an era of free market will start from January 1, 2005.
The first textile city will be set up at Karachi. To be established in the Port Qasim area, the textile city will have full infrastructure facilities like water, power, gas and other requirements. It is expected to start functioning by the end of next year.
A decision to this effect was taken at a high-level meeting held on
Monday under the chairmanship of federal secretary, Ministry of Industries and Production, Muhammad Javed Ashraf Hussain.
The decision has been taken in light with the federal cabinet decision taken in July this year to set up textile city at Karachi and other cities to face the challenge of free market era when China and India are expected to come in a big way to capture global markets.
A feasibility report of the proposal has been prepared by JETRO and Pakistan-Japan Business Forum. The proposed city would focus on the textile sector, particularly in areas of dyeing, processing and finishing and would have modern infrastructure like water supply, sewerage, self-power generation and efficient water treatment plants.
The textile city is proposed to be set up by the Export ...
Source: HighBeam Research, PAKISTAN GOVERNMENT TO SET UP 3 TEXTILE CITIES.