The chairman of the All Pakistan Textile Mills Association, Anjum Salim, said on Thursday that he expects investment in the country's textile industry to rise to more than $500 million this year.

He made his comments as it was revealed that the industry reaped investment of $485m in 2001 with the traditional sectors of spinning and weaving gaining the lion's share of that huge total. They were followed by the value-added areas of apparel, knitting and finishing.