Page 4 - May-June-2020

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TEXPO 2019 brings in $600m

trade, says Federal Commerce Secretary

Pakistan’s biggest textile exhibition at government on display. Leading fashion designers/textile houses and
level, TEXPO-2019, has not only proved instrumental retail brands showcased their latest collections also.
in further highlighting Pakistan’s soft image to the
world but also attracted initially US$600 million trade He said that special initiative of bi-annual event of
through export orders by foreign buyers. Federal TEXPO had been taken by the Trade Development
Commerce Secretary Mr Ahmed Nawaz Sukhera Authority of Pakistan (TDAP) with prime objective of
claimed this at the end of four-day 2nd Edition of enhancing country’s exports through comprehensive
TEXPO at Expo Centre. display of diverse Pakistani textile and clothing
products.
It was inaugurated by Mr. Abdul Razak Dawood,
Adviser to PM for Commerce, Textile, Industry and Foreign delegations also visited historic and cultural
Production at Expo Center (Lahore). places of Lahore and all of them liked Pakistan and
Pakistani products. They termed Pakistanis
Mr Sukhera said that 363 foreign buyers from more peace-loving and Pakistan a great place for trade
than 50 countries participated in the TEXPO-2019 and investment, added Mr Sukhera.
and placed their orders. So far, he added, trade
agreements worth US$600 million had been signed The TEXPO-2019 also featured a Trade Envoys’
and the process would continue. Conference on the last day where the stakeholders
from trade and industry and the government
He said foreign buyers also inked 10 memorandums exchanged their opinions.
of understanding (MoUs) with local export houses,
besides visiting field and industrial units in Lahore, The TDAP also organised a two-day seminar,
Sialkot and Faisalabad. He added, “More than 5,000 attended by leading exporters from various sectors.
business-to-business (B2B) meetings were also held Syed Iftikhar Hussain Babar, Federal Secretary Textile
on the sidelines of TEXPO-2019, which will definitely and Industry, Ms. Aliya Hamza Malik, Parliamentary
help boost country’s textile and its related exports”. Secretary, Capt. (Retd) Javed Akbar, Additional
Secretary, Ministry of Commerce and Textile, Mr.
The secretary said that delegations from various Muhammad Sualeh Ahmed Faruqui, Secretary TDAP,
countries including Russia, Bahrain, USA, China, Engr. Daroo Khan Achakzai, President FPCCI, Mr.
Japan, UK, Germany, Saudi Arabia, Czechoslovakia, Khuwaja Shahzad, SVP Lahore Chamber of
Nigeria, France, Netherlands and Spain actively took Commerce & Industry, Ms. Shireen Arshad Khan,
part in the TEXPO. Around 231 exhibitors including Vice President FPCCI were also present on
new entrants from across Pakistan put their products the occasion.

April/May 2019