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Business & Finance

Pakistan moving in ‘right direction’ says PM as Textile sector revives

  • MashaAllah the country is moving in the right direction despite the Covid 19 challenge,” tweeted PM Khan while referring to a media report on the revival of the textile sector in the country.
Published November 12, 2020 Updated November 12, 2020 02:02pm

Prime Minister Imran Khan on Thursday said that the country is moving in the right direction despite the coronavirus pandemic.

“MashaAllah the country is moving in the right direction despite the Covid 19 challenge,” tweeted PM Khan while referring to a media report on the revival of the textile sector in the country.

According to a report of a private TV channel, for the first time since 1990, the textile industry has been fully restored in Faisalabad after 50,000 closed power looms have begun operations while the possibility of installing another 30,000 new looms is in the offing.

The report stated that the coronavirus crisis has severely affected the textile sector around the world, but due to government measures in Pakistan, coronavirus has been largely controlled, after which Pakistani exporters began to receive foreign orders.

Exporters in Pakistan are getting a large number of foreign orders which has ensured the revival of the textile sector. Due to the operation of 50,000 power looms, employment opportunities have been created for almost 200,000 laborers.

Upon receiving the order, laborers from other small districts of Punjab are being shifted to Faisalabad to meet the labor gap.

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