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Investment in textile sector

ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Thursday appreciated new investment of $5 billion in the textile sector.

`We have been informed that an investment of approximately USD Sbn is in the pipeline under which 100 new textile units are expected to be established,` he said on his of ficial Twitter account.

`Our Make-in-Pakistan policy is beginning to show results,` the adviser said.

He said that apart from enhancing export capacity, the new investment was likely to create about 500,000 jobs.

Mr Dawood said the incumbent government had reversed the de-industrialisation and they were now on a path of industrial growth in Pakistan.-APP