Page 4 - January-February-2018

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GTex Textile Machinery Brand

Editor-in-Chief Expo 2018; Rs 25.626 billion for
Yousaf Fareed
PSDP; GSP+ to be maintained
Editor
Hassan Saeed for Pakistan

Sub-Editor With all its glam and innovation the relating to establishment of new
GTex Expo was settled in the
Expo-Centers at Islamabad, Quetta
Alexandros Ali Khan opportunist city of Karachi. The and Faisalabad,
Farooq Malik three-day show was inaugurated expansion/remodeling of
by Dr Mirza Ikhtiar Baig, Ex Advisor Expo-Center at Karachi, provision
to Prime Minsiter on Textiles and hostel and transport facility to
Advisory Board: the Chief Executive of Baig Group student at Pakistan Institute of
Dr. Tanveer Hussain of Companies along with Mr Arif Fashion and Design, Lahore and
Dr. Muhammad Tausif Lakhani (President PCDMA) & Mr an ongoing project relating to
Imran Sarwar Syed Mazhar Ali, (Sr Vice President Expo-Center at Peshawar.
FPCCI) High Profile Dignitaries,
Marketing Manager Key Exhibitors, Professionals, Member European Parliament
Sadia Javed foreign delegates and Sajad Karim, has expressed his
belief that Pakistan was on the
Industrialists.
Saeed Ahmed right course towards maintaining
Abdul Haseeb GTex was a platform to display the its GSP+ trade status. MEP Dr
latest innovations from various Karim, who is Chairman of the
Layouts countries. Many companies from South Asia Trade Monitoring
Faizan Khan around the globe are presented Committee within the European
their products at the event. The Parliament, specifically convened
Marketing Incharge event welcomed thousands of the meeting to hear from the
Abdul Mughees visitors from the textile sectors and visiting Pakistani delegation, where
Abdullah Khalid showed interest in the exhibited they gave evidence on the
products. country’s current state-of-play of
Adddress The National Assembly Standing GSP+ implementation, which
included Defence Minister,
C-302, City Towers Committee on Commerce and Khurram Dastgir Khan.
Main Boulevard, Gulberg II Textile recommended Public Sector
Lahore-Pakistan Development Program (PSDP) Cotton Consumption has been
proposals of the ministry greater than production for the
Phone: + 92 42 35 788 700 amounting to Rs 25.626 billion for past two seasons. While both
Fax: + 92 42 35 788 700 the financial year 2018-19. The consumption and production are
Committee was separately experiencing growth since the
Email: info@textalks.com apprised about the proposed 2015/16 season, global production
Skype: textalks PSDP of Commerce and Textile is increasing at a faster rate.
Divisions. The Additional Secretary, Current estimates for the season
www.textalks.com Commerce Division informed that have production at 25.5 million
the Division had proposed tons and consumption at 25.4
allocation of PSDP fund amounting million tons. Production increases
to Rs 8,550 million for financial are coming off the gains in planted
year 2018-19 for seven projects area rather than yields this season.

January/February 2018