KARACHI - Pakistan Textile City Limited Chief Executive Muhammad Hanif Kasbati has said that the concept of Textile City is to develop an exclusive industrial estate dedicated to value-added textile products.

During his visit to Karachi Chamber of Commerce and Industries, he apprised that the Pakistan Textile City is an unlisted public limited company incorporated in May 2004 under the Companies Ordinance 1984.  It is driven with the vision to develop and operate world-class industrial zones across Pakistan, dedicated to value-added textile industries and project Pakistan as hub of quality textiles.

With an authorised capital of Rs 2.2 billion and incorporated as public private joint venture, Pakistan Textile City is committed to develop and manage, the first WTO and ISO compliant textile processing industrial zone at Karachi.

Textile City is spread over an area of 1250 acres of land in Eastern Industrial Zone of Port Qasim and it is conveniently located at 6km from National Highway.

Its salient features include to create state-of-the-art environment for textile industry; attract local and foreign investment; boost exports of value-added textiles; synergistic environment to encourage vertical integration; employment opportunities for 80,000 people.

Further he said installation of World Class infrastructure with un-interrupted supply of industrial quality water, stable electricity, gas, CETP, steam for industrial processing, ISO 14001 compliance and essential amenities will enhance productivity, cost effectiveness and quick response delivery.  The company is confident that the launch of Textile City will provide local and foreign investors opportunities to effectively optimise their growth potential in this major industrial sector of Pakistan.  KCCI’s President Muhammad Haroon Agar while exchanging views with CEO Textile City emphasised that Pakistan produces world’s finest quality textile products; the leading international brands purchase their products from Pakistani textile suppliers.

Textile also contributes over 50 per cent of the total export share of Pakistan. Pakistan has a network of textile industries across the country including all the major clusters like weaving, dying, printing, hosiery and knitwear, apparel, towel, bed linen, denim etc.

He asserted upon the need of more industrialisation in the textile clusters for enhancing exports which will ultimately uplift the economy.