Page 24 - January-February-2018

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Rs 293.230 Million for industrial

development projects

The government has released Rs 293.230 million for Rs 42.614 million was allocated for the above
several industrial development projects under its Public mentioned projects.
Sector Development Programme (PSDP) 2017-18 as
against the allocation of 2,737.270 million. In order to develop and promote the industrial
activities in Balochistan Province, an amount of Rs
Under PSDP, the government has released Rs 84.700 30.620 million was released for provision of
million for establishment of Bostan Industrial Estate infrastructure in Quetta Industrial State, where as the
phase-first as against the total allocation of Rs government has earmarked Rs 76.567 million in its
211.736 million in current fiscal year, according the current years development programme.
data of Planning Commission of Pakistan.
Besides, Rs 44.740 million was released for water
An amount of Rs 49.60 million was released for supply scheme for Hub Industrial Trading Estate as
establishment of infrastructure in Quetta industrial against the total allocation of Rs 111.855 million for
and trading estate as the government has allocated the current financial year.
Rs 122.625 million in its current year development
programme. For fully exploiting the fruit trade potential of northern
areas of the country, an amount of Rs 8 million the
So far the government has provided Rs 38.850 government has allocated Rs 20 million for the
million for establishment of Peshawar light establishment of fruit dehydration unit in Swat and so
engineering center in order to promote the far it has released Rs 8 million for the development of
engineering industry in the country as an amount of the project.

Uzbekistan and Korea to launch

textile techno park

Uzbekistan and South Korea plan to launch a modern The aim is to introduce fresh South Korean
textile techno park in Tashkent in September, Azim innovations and conducting joint research in the
Ahmedkhadzhayev, head of the former’s state investment sphere of material science, dyeing and finishing
committee, announced at the first Uzbek-Korean meeting production, fabric design and alternative energy
on economic cooperation issues recently. The new sources. The park will have high-tech three- and
facility will be created in the premises of the Tashkent five-storey buildings with offices, pilot production
Institute of Textile and Light Industry. facilities, training classes, conference rooms,
exhibition spaces, laboratories, greenhouses and
Financed by the official development assistance other facilities.
program of the Korean Government, the project will
spend about $15 million on construction, acquisition The Uzbek textile industry is mainly focused on
and installation of technological equipment and cotton, silk and wool. The world’s fifth-largest cotton
training. Installation of the equipment is likely to begin exporter grows about 3.5 million tons of raw cotton
in March. and produces 1.1 million tonnes of cotton fibre.

January/February 2018