PAKISTAN: Textile Development Board To Be Formed
Federal Commerce Minister Abdul Razzak Dawood, said on Tuesday that a Pakistan Textile Development Board will be formed soon to prepare the country's textile sector for globalisation by the year 2001.Addressing a textile seminar organised by the Export Promotion Bureau, he said the recommendations, for the constitution of the board will be discussed with the textile traders, exporters and millers next week after which the draft will be sent to the ministry.He said the major buyers in the world would be placing their orders under the WTO, two years before the date of implementation of the WTO. Therefore, he added, it is important that the industry be prepared for globalisation by 2001 instead of waiting for the year 2004.He added that the textile industry was of primary importance to the Pakistan economy and it's development would help the country survive in economic terms.
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