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Expo Pakistan again postponed till Feb 2010

* TI ranks TDAP in most corrupt govt organisations list

By Tanveer Ahmed

KARACHI: Trade Development Authority of Pakistan (TDAP) has again postponed the mega trade event “Expo Pakistan” till February next year instead of December this year.

This is the second time that this mega trade and export promotion event has been postponed, which according to sources is obviously due to prevailing security concerns in the country. Earlier, Expo Pakistan was planned for October, however TDAP in the start of that month announced to hold it in December instead. Sources pointed out that further postponing the event to February 2010 clearly signaled the inability of the authorities to persuade the foreign buyers to visit Pakistan that is under the routine attacks of terrorists.






























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However, spokesman of TDAP claimed that he event has been postponed on the recommendations of Exhibition Committee headed by Sindh Commerce & Industry Minister, Rauf Siddiqui and comprises of 30 members representing trade & industry and federal & provincial organisations.

“After detail deliberations in its last meeting held on November 13, 2009, the committee recommended unanimously that Expo Pakistan 2009 should be rescheduled for February 2010,” a statement of authority declared and added that accordingly, TDAP accepted the recommendations to organise the event on February 26 to 28, 2010 in Karachi. k

When concerned TDAP’s official was contacted he said that the decision was taken with the broader consensus of all the stakeholders of the public and private sector.

However, he parried the question when asked what prompted the committee to put off the exhibition, which otherwise could project the country’s image positively abroad at this critical time.

On the other hand, sources privy to development told Daily Times that it was the discouraging response from the foreign buyers that led to postponement of this important trade event. “The response and confirmation for participation in early scheduled exhibition in December was so poor that it would have been useless exercise to hold this mega event,” sources said. Apart from convincing the foreign buyers to visit country, sources said that TDAP has also miserly failed to boost the exports. The export numbers of first four months of current fiscal show that exports fell nine percent over the same months of previous year.

Sources said that since the change of guard in TDAP when current CEO, Syed Mohibullah Shah took over, the situation has been worsening for export sector as well as of the authority.

Substantiating the claims, sources said that the latest proof came from Transparency International that ranked TDAP in the most corrupt government organisations in its report released last day.

The policies of the previous management were changed without any rationale, sources pointed out and added that new export strategy was formulated to boost export but what was the end result came in the substantial fall in export.

Strengthened by the success of last 4 exhibitions, The 5th Edition of Expo Pakistan is scheduled from February 26-28, 2010, promising more rewarding opportunities for its participants.

The government is making efforts to promote Pakistan’s exports by entering into free trade agreements with various countries. Trade Development Authority of Pakistan (TDAP), in collaboration with the Ministry of Commerce, seeks to promote local manufacturers and their value added products in the global trade. Expo Pakistan is aimed at enhancing the country’s exports by organising a comprehensive display of diverse Pakistani products and bringing together representatives of leading chain stores and international buyers, all under one roof.

Expo Pakistan is an ideal global marketplace in Pakistan and surves the need of exporters from all segments of the industry.

ISLAMABAD, Feb 17 (APP): As many as 28 top Malaysian businesspersons representing 15 high ranking Malaysian companies are all set to attend Expo-2010, one of the biggest trade show being held in Karachi from February 26-28.
Acting High Commissioner for Pakistan in Malaysia Dr. Imtiaz A. Kazi said on Wednesday the participation of businessmen clearly reflects ever growing trade, business and investment ties between Pakistan and Malaysia.
He said the participation of Malaysian companies will certainly provide them the opportunity to interact with their Pakistani counterparts for business networking and will enable them to gain greater insight of the mutually beneficial trade and business opportunities available in Pakistan.
He said Expo Pakistan is aimed to provide unprecedented opportunities to its participants to display quality value added products to a wide range of high profile buyers.
The event acts as a one stop sourcing platform for new business alliances in trade, business and investments and provides ideal networking opportunities to the local as well as international participants through product workshops and one-to-one business meetings, he added.
The Commercial Counselor for Pakistan High Commission, Wajiullah Kundi who will accompany the Malaysian delegation to Pakistan, said that the 5th edition of Expo Pakistan with the theme “Opportunities Unlimited” has blossomed to become an emerging brand in the calendar of international trade events of the region and across the world.
He said that Expo 2010 will particularly showcase auto and auto spare parts, fabrics and apparels, food ingredients, gems and jewelry, home d’cor, industrial goods, information technology, leather goods, services sectors, sports goods, surgical and pharma and textile goods.
Wajiullah said the members of the Malaysian delegation amongst others include Executive Chairman Renexus Group, Regional Manager Malaysian Palm Oil Board, Senior Manager MATRADE, Chief Executive Officer Indah Profiles Sdn Bhd, Managing Director Pollution Engineering (M) Sdn Bhd and Executive Chairman of  Syarikat Manora Sdn Bhd, Malaysia all high profile brands names of global repute.
He said the last Expo held in the year 2008 was a resounding success, and generated a business over US$ 50 million with 63 MOUs were signed between counterpart associations and chambers. The event was also attended by; 669 buyers from 66 countries.

Karachi Fashion Week 31st January – 3rd February 2010

Karachi Fashion Week

Karachi Fashion Week Workshop – Certificate Distribution Ceremony

17th January 2010

Karachi Fashion Week 2010 PICTURES VOL 1

Karachi Fashion Week 2010 PICTURES VOL2

Karachi Fashion Week 2010 PICTURES VOL3

The organizers of Karachi Fashion Week 2010 conducted a training workshop for individuals and fashion houses, from 13th January to 17th January 2010, at Fashion Apparel Design & Training Institute (FADIN).

Trainings were offered in Pattern Making, Sewing, Fashion Illustration, Draping and Computer Application of Design (CAD/CAM) by Mr. Gauhar Ujmal, Graduate of Pakistan School of Fashion Design.

Karachi Fashion Week 2010 being organized from 31st January – 3rd February, 2010, is Pakistan’s platform on International Fashion Week circuits joining Paris, Milan, New York, Sydney, London & India. This is a platform which encourages the business of fashion, awareness of fashion and infuses new and fresh talent in the industry.

The Certificate Distribution Ceremony of this workshop took place on 17th January 2010 at Fashion Apparel Design & Training Institute (FADIN). The ceremony has not only persuaded the participants on their learning but has also highlighted the efforts that the organizers are putting in for the development of the textile sector in Pakistan.

While addressing to the audience, the Chief Guest of the ceremony Dr. Mirza Ikhtiyar Baig, Federal Advisor to Prime Minister on Textile, highlighted the importance of textile sector in the economy of Pakistan. He also emphasized that the right time has arrived for us to capitalize on our assets and strengths present in the fashion and textile sector, in order to make Pakistan’s economy strong and inline with the tremendous potential that exists within us.

The faculty Mr. Gauhar Ujmal, enlightened the audience with the significance of such workshops for young fashion designers, as they provide them with hands on experience and learning from industry professionals, which is the very need in such turbulent times of the world economy.

The Organizers of the Karachi Fashion Week, Mr. Arshad Siddiqui, CEO Triple-E Pvt. Ltd, told the audience about the magnitude and scope on which the event is being planned and the core objective of business development for the entire nation’s textile sector. He also stressed upon the need to organize such events in the business hub of Pakistan, Karachi as it improvises and depicts a softer image of the country globally.

KFW Workshop was designed for prominence of the significance of professional fashion & designing education and training to individuals and small fashion houses. The main thrust of this workshop was on the industrial application of creativity which translates into the production and exports of value added garments from Pakistan.

This workshop was part of the organizers objectives to encourage, promote and facilitate the development and growth of the fashion industry in Pakistan, make it competitive in the international market, to build on relationships with buyers and foreign designers and to promote investment in the industry. Young and emerging Fashion Designers were invited at the workshop, for learning the latest techniques of fashion designing & manufacturing.

Karachi Fashion Week Workshop

KFW Workshop is designed for highlighting the importance of professional fashion education and training to individuals and small fashion houses. Training is being offered in Pattern Making, Sewing, Fashion Illustration, Draping and Computer Application of Design (CAD/CAM).

Young Fashion Designers are invited to register for the workshop, and get equipped with modern techniques of fashion designing & manufacturing.

Workshop Details:

  • Date : Jan 13 – Jan 17, 2010
  • Timings : 09:00am – 04:00pm
  • Tea Time : 11.00 am (10 min)
  • Lunch Time : 01.00 pm (25 min)
  • Venue : Fashion Apparel Design & Training Institute (FADIN), 24-D, Block 6, PECHS, Karachi.
  • Faculty : Mr. Gauhar Ujmal (Graduate of Pakistan School of Fashion Design)
  • Registration fee : Rs.3,000/- per trainee (payment to be made through cross cheque payable to Excellent Events & Entertainment (Pvt) Limited)
  • Registration : On spot


Before we begin reviewing the work that was shown at the much-touted Karachi Fashion Week, let’s get the basic fact of what a fashion week really is out of the way.

Fashion weeks in most fashion capitals are biannual events held to showcase designer collections, traditionally in the spring/summer and autumn/winter seasons.

In some cases, the weeks are more specific in their overall theme of the collections that are being displayed, for example Couture Fashion Week, Bridal Fashion Week, Miami Fashion Week (focusing on swim/beachwear), Portland Fashion Week (showcasing designs on eco-friendly fabrics), Prêt a porter Fashion Week and so on and so forth.

They are attended by buyers/retailers who then end up ordering selections from the collections that are shown for their stores/outlets, fashion journalists/the media, members of the entertainment industry and other fashion aficionados.

Originally, a fashion week was a trade-only event, which basically meant it was held to generate business and/or sales for the fashion designers/house. Of late, they’ve morphed into complete entertainment/media events, allowing musicians to perform along with the collections that are being displayed. However, the underlying theme of a fashion week is still geared towards a) getting publicity b) showcasing collections to buyers to generate business/sales/revenue whichever term is preferable.

The Karachi Fashion Week(end) — referred to as KFW — held last week was an event that had been generating, at most, a certain level of curiosity among regular fashion aficionados and members of the fashion industry. Although the event boasted the participation of quite a few big names from the local fashion industry (some of which weren’t even aware that they were participating), no one really knew what was going on until the Karachi-based fashion council (Fashion Pakistan) ‘adopted’ the event.

According to designer Deepak Perwani, a member of the council and who showed only a part of his collection for the Miami Fashion Week 2009, it was important for KFW to happen as it was the first (baby) step for the fashion industry that needs to begin hosting bigger, more nationwide events. Keeping this bigger interest of the industry in mind they decided to take it on, even if it was at the last minute.

Three Bangladeshi designers — Bibi Russel, Emdad Hoque and Rina Latif — also participated in the event as Perwani made it clear that Fashion Pakistan wasn’t inclined towards inviting Indian designers to participate.

From the Bangladeshi designers, Bibi Russel opened the show on the final day of the event. With ‘fashion for development’ the underlying theme of her collection, the outfits were dominated by strong, bold colours and layers. The styling consisted of scarves worn around the neck and the head in the manner of a turban. Her trademark colour palette included hues of orange, red, purple, pink, bright yellow and black while some of the blouses for her saris had knitwear halter necks. Each model carried a look of the bold, emancipated woman deeply rooted to culture and tradition.

Emdad Hoque’s collection concentrated predominantly on prints and fabric as much as on the design of the overall garment. The styling, hair and make-up remained simple. Nadya Hussain opened his collection in a magnificent white sari with a characteristic large red bindi on her forehead. The colour palette in this collection was restricted towards red (more closer to rust), white and shades of black. He was also the only Bangladeshi designer to showcase a menswear collection. Hodque and Russel were similar in how their designs (other than a reflection of their individual styles) were deeply embedded in their indigenous culture.

A Parson’s graduate, Rina Latif left one absolutely wowed by her collection. She was the only Bangladeshi designer who broke away from the throes of awami traditionalism and brought a touch of modernity to it. Starting with softer hues of white hand-painted saris, her collection slowly graduated towards more formal wear. Her blouses were an absolute delight — creatively done, some had frills lining the neckline or bows tying it together at the back, a predominant feature throughout her collection. A symbolic moment for me while her collection was being showed was when Nadya Hussain walked the ramp in an elaborate sari wearing a black opera coat. The music incidentally was also the same. The resulting effect was nothing less of (if you may) fierce glamour and of understated drama.

Out of the local designers showing that evening, the two that stood out were from the relatively newer lot. Adnan Pardesy, predominantly a couture designer, showcased his much-worked-upon collection that he initially meant to launch at the Pakistan Fashion Week. Inspired by Japanese fans, his collection seemed like a futuristic take on fashion with hundreds of yards of fabric painstakingly ironed and stitched into pleats. Having previously showed at Lakme India Fashion Week, this was Adnan’s first major show in Pakistan.

Zarmina Khan, a fashion fledgling from Lahore, definitely showed promise. The length on her garments was distinctly longer. In one of the opening outfits Iraj wore a fur-trimmed poncho, and where it was liked by some others thought all she needed was a pair of fur-trimmed boots to be transported into the stone age. The designer’s colour palette mostly consisted of whites, off-whites and browns. She recently began stocking at Maheen Khan’s flagship store in Karachi.

Other designers who showed their collection at the KFW included Munib Nawaz, Hajra Hayat, Nadya Mistry, Samar Mehdi, Amir Adnan and Monia Faruqi amongst others. In a brilliant display of colours and variety, Fashion Pakistan decided to showcase an assorted mix and match of the outfits by the designers on their council, the models were categorically asked not to tell anyone who they were wearing. Other than providing a brilliant variety in design, it was a visual treat as well.

Notwithstanding the spirit with which the KFW was held, it wouldn’t be accurate to refer to it as a ‘week’… yet. Considering that the event wasn’t attended by (even) local buyers or business bodies seemingly interested in the sort, the objective again wasn’t to generate business or sales. It was, in short, simply a showing of collections by designers and must simply be referred to as that only — predominantly a presentation of the work by designers who are members of Fashion Pakistan. Having said that, one has to start small as mountains aren’t moved in one day. With one fashion body having taken the first step (irrespective of the fact how they took it), it just might signal the beginning of something new.


– Photography by Fahim Siddiqi

Karachi Fashion Week 2010
a pioneering trade event for regional fashion industry
The fashion industry of Pakistan is comprised of individuals and organizations who are all playing vital roles in enhancing their respective fashion markets, including the designers, textile manufacturers, accessories manufacturers, stylists, beauty and health product companies (including cosmetics), models, makeup artists, hair stylists, choreographers, and the fashion media. They work together as a whole industry, each individual piece as important as the next in collectively completing the fashion industry jigsaw puzzle.

Karachi Fashion Week is a completely integrated showcase, aimed at encouraging increased collaboration between the fashion design industry manufacturers. Its main aim is to uplift the fashion industry of Pakistan, and its approach is multifaceted. In a country where apparel manufacturing maintains world class quality and reputation, the aspect of fashion design has not yet been fully developed, in spite of the tremendous potential available. KFW seeks out and encourages promising young designers, to be part of this international showcase, gaining the opportunity to interact with and learn from working designers, as well as exposing their designs to markets with high potential.

By encouraging Pakistani designers to use local textiles and crafts in their designs, we actually help to boost the related industries as well. All of this combined creates a sustainable local fashion industry, constantly offering opportunities for future young designers, career growth options for existing designers, and building upon the success of the local textile and apparel industry for the benefits of all.

The concept is successful because it benefits everyone involved: designers are provided with a single platform to unveil their coming collections to their potential customers; trade buyers attend a single event to preview, plan and order their lines for the next season. The event is also a platform for the media, which acts as the main channel through which the latest trends, designs and colour coordinates are communicated to a wider target audience. National and international fashion/lifestyle/business press are accredited during this event, comprising both print and electronic media.

Pictures available now

cont: mr. farooq

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PRESS RELEASE

Federal Advisor on Textile Inaugurated 7th Textile Asia 2010, Today, amid enormous fervor and enthusiasm at Karachi Expo Center

Karachi, April 10, 2010: Dr. Mirza Ikhtiar Baig, Federal Advisor on Textile, Ministry of Textile Industry inaugurated 7th Textile Asia 2010, the Int’l Textile & Garment Machinery Show. H.E. Mr. Rida El Farsi, Ambassador of Morocco, Mr. Ishtiaq Baig, Honorary Consul General of Morocco, Mr. V.S. Sidhat Kumar, Consul General of Srilanka, Mr. Abdul Ahad Khaliqyar, Consul General of Afghanistan with foreign delegates were also present at the Ribbon Cutting Ceremony. The 3-day Event is organized by Ecommerce Gateway Pakistan.

Textile Asia 2010, the Int’l Textile & Garment Machinery Show is the only UFI (Paris) Approved Event of the industry in South Asia, which provides enormous opportunities of learning, information sharing, mutual cooperation and combined projects to all the stakeholders in the most opportune sector of Textile in Asia.

Textile and Garment are two of Pakistan’s principal industries contributing more than 67% to total export earnings, accounting for around 46% of total manufacturing and employing over 38% of the manufacturing labor force. Over USD 3.5 billion of textile and garment machinery has been imported in Pakistan in the last few years that has significantly improved the quality and productivity of Pakistan textile products in the last few years and the Government of Pakistan is targeting over USD 10 billion of exports of textiles and garments made-ups in the successive years.

The International Textile Asia 2010 International Garment & machinery Exhibition is one of the most promising and enduring Events to be held for the 7th successive year and is proud to be the official event of the Federal Ministry of Textile Industry. The event is being organized at the most opportune time when the government is looking forward to modernize and upgrade the textile sector of the country for better quality products and enhanced productivity. The exhibition aims to focus on the immense buying selling potential of textile & garment machinery, accessories, raw material supplies, chemicals and allied services under one roof.

7th Textile Asia 2010, the Int’l Textile & Garment Machinery Show is being organized with the support of Trade Development Authority of Pakistan (TDAP), Ministry of Textile Industry, Board of Investment (BOI), Government of Sindh, City District Government Karachi (CDGK), China Texmatech Co., China Textile Machinery Association (CTMA), Textile Machinery Manufacture and Accessories Association (TEMSAD), Tuyap Fairs & Exhibitions Organization Inc. Turkey, All Pakistan Textile Mills Association (APTMA), Pakistan Cotton Fashion Apparel Manf. & Exp. Association (PCFA), All Pakistan Textile Processing Mills Association (APTMA), Pakistan Knitwear & Sweater Exporters Association (PAKSEA), Pakistan Readymade Garment Manufacture & Exporters Association (PRGMEA), Pakistan Hosiery Manufacturing Association, Pakistan Bedwear Exporters Association, Pakistan Yarn Merchants Association, Towel Manufacturers Association of Pakistan, Pakistan Commercial Exporters of Towels Association, Korea Trade-Investment Promotion Agency (KOTRA), Pakistan Textile Journal, Jamal’s Yellow Pages and all the related government departments/bodies.

Textile Asia will display revolutionary technologies of more than 349 international brands from 37 countries, besides more than 40,000 trade/corporate visitors and more than 212 foreign delegates are attending the event.

=================

Speech of the Chief Guest Dr. Mirza Ikhtiar Baig,

Federal Advisor on Textile, Ministry of Textile Industry,

Government of Pakistan at Inauguration Ceremony of

7th Textile Asia 2010 Int’l Exhibition

at Karachi Expo Centre

President Ecommerce Gateway, Dr. Khursheed Nizam, Executive Director Ecommerce Gateway, Mr. Sohail Aziz, Foreign Delegates distinguished guests, My Media Friends, ladies & gentlemen

Assalam-o-Alaikum

Its my privilege to be present at the Inauguration Ceremony of 7th Textile Asia 2010 Int’l Exhibition, the annual Textile and Garment Machinery Show of Textile Industry of Pakistan.

I am delighted to learn that more than 212 foreign delegates are attending Textile Asia this year. I welcome the foreign delegates and encourage them to capitalize from the immense unexplored business opportunities Pakistan offers. 349 international brands from 37 countries are being demonstrated at Textile Asia.

Textile Asia is a landmark event that is in line with the thrust of the government’s agenda to promote investment in the Textile sector of Pakistan. This event fully reflects the investment potential Pakistan offers for modernization of the textile sector and the scale of international participation reflects their confidence in the potential for business and trade in Pakistan; in the present leadership and the future of Pakistan.

This is mainly due to the laxity towards the promotion of value added sector. Pakistan should learn a lesson from Bangladesh, which, by importing yarn and fabrics from Pakistan and other countries, has increased the export volume of Textiles made ups. The new five year Textile Policy (2009-2014) focus to promote Value added sector in Textiles.

Distinguished Guests and delegates;

Pakistan is transforming itself from being a stagnant economy to fast-paced emergent economy as a result of the structural reforms introduced by the present   government  in  the  areas  of  investment,  business and   trade    in

Page 1 of 4

addition to covering social, political, judiciary and security. The present government’s policies of regularization, privatization and liberalization have given a boost to the industrial and commercial activities in all sectors alike. The results of such initiatives are visible in the form of these successful international exhibitions organized by Ecommerce Gateway.

The geographical location of Pakistan warrants unique proposition to make investments here. As Pakistan lies at crossroads to South Asia, Gulf and Central Asia, it gives direct market access to more than half a population of the world that lives here.

Investors enjoy full legal protection for their investment; have 100 per cent equity with no bar on transfer of dividends which is a proof that Pakistan has one of the most congenial business environments in the region. It is noteworthy that 500 to 600 foreign firms are operating in Pakistan.

Distinguished Guests and delegates;

Now, I would like to draw your attention to what opportunities await for you in the textile sector of Pakistan and will present a brief of the initiatives taken by the present government to facilitate investment in this important sector of Pakistan.

I would like to clarify that no Pakistani Industries are shifting to Bangladesh. The Bangladeshi currency is now stronger compared to the currencies of many countries in the region and their textile & apparel exporters are losing competitiveness due to the strong taka against the dollar. Furthermore they are also facing shortage of natural gas for the industries. Recently they have cut gas supply to their Fertilizer Industries.

LITTLE ABOUT OUR TEXTILE INDUSTRY

The present Global Scenario of Textile Industry with particular reference to the position of Pakistan in the International Textile Market is given here for the interest of our readers. The demand for textiles in the world is around $18 trillion, which is likely to be increased by 6.5%. China is the leading Textile exporter of the world’s total exports of US$ 400 billion. Country wise major market shares of the textile exporting countries are: China: $ 55 billion, Hong Kong:$ 38 billion, Korea: $ 35 billion, Taiwan:$ 16 billion, Indonesia and Pakistan:$ 9 billion.

Though Pakistan has emerged as one of the major cotton textile product suppliers in the world market with a share of world yarn trade of about 30% and cotton fabric about 8%, having total export of $ 7.4 billion which accounts for only 1.2% of the over all share. Out of this Cotton fabric is 0.02%, Made-ups is 0.18% and Garments is 0.15%.

To facilitate business and trade, Pakistan is aggressively taking up with EU and USA to give duty free market access to Pakistani textile products and Honorable Prime Minister of Pakistan is going to Brussels this month for an important meeting with EU in this regard. Pakistan has also raised this issue of market access with US in the recent Pak-US Strategic Dialogues. Moreover, Pakistan is also strengthening economic co-operation with regional countries and have already signed FTA with China and Sri Lanka.

Page 2 of 4

Textile sector is the backbone of our economy having 55% of our total exports and 38% job creation in the manufacturing sector and holds great importance as it significantly contributes to our exports and foreign exchange earnings. Keeping the said opportunities in view, modernization and up gradation of Textile sector is important to improve the quality of value added products Pakistan exports and to make the country better equipped for competing in the world. In addition, it would also help create jobs; alleviate poverty and assist the present government fight terrorism and extremism.

OUR STRENGHTS ARE:

  • 4th largest producer of Cotton Yarn and Cloth in the World after China which is No. 1.
  • We have signed MOU with Monsanto for BT cotton to improve the yield per acre which is now low and at 13th position in the world.Ranks 2nd in export of yarn and 3rd in export of cloth.
  • We have large spinning capacity – with major part of European, Japanese & Chinese Machinery.
  • Ample availability of cheap labour.
  • Good markets for products.
  • Large domestic market.

WHEREAS WEAKNESSES ARE:

  • Low productivity resulting in high labour costs.
  • Limited skills development facilities.
  • Low value addition
  • Small product and market base
  • Little Research and Development

GOVT. INITIATIVES:

  • Textile City in Karachi
  • Garment Cities in Karachi, Lahore and Faisalabad.
  • Industrial Park in Karachi
  • Dedicated Economic Zones

The present government has identified textile as a key priority area and is making all possible efforts to set the right policies and incentives that encourages private sector investment in value addition and expansion in a bid to gain wider access to the international markets. We have fixed an ambitious target of US $ 25 Billion till 2014 in the new five year Textile Policy with 2 times value addition target.

Pakistan has also embarked on a wide-ranging initiative to increase its attractiveness to foreign investors in the textile sector. The new Textile Policy 2009-2014 announced by the government of Pakistan allows various incentives including concessional financing (LTF) to encourage capital investment in value added textile sector. The government of Pakistan has also withdrawn custom duty on import of plant and machinery by the manufacturing industries and working hard to get duty free market access for our textile products for EU and US markets. Our Textile Industry has invested US $ 6 Billion under BMR during 1999 to 2003.

Page 3 of 4

Distinguished guests and delegates;

I would like to invite the participants in joint ventures to take advantage of investment friendly environment in Pakistan and exploit the untapped potential textile sector offers as we gear up for increasing our share of value added textile products in the world market.

I assure you that the government of Pakistan will leave no stone unturned to provide an environment that guarantees security of investment made in Pakistan.

In the end, I would like to appreciate the efforts of Dr. Khursheed Nizam & the team of Ecommerce Gateway for organizing this wonderful event. Organization of such exhibitions not only plays an important role in furthering present government’s agenda to attract foreign investment and promote business but also highlights the corrective image of Pakistan as a safe and secure place for business.

I wish Textile Asia 2010 a great success and Foreign Delegates a pleasant stay in Pakistan.

Thank you.

Pakistan – Paindabad.

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Farooq  ( 0333-2355205)

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