BAFL 52.51 Increased By ▲ 2.48 (4.96%)
BIPL 22.80 Increased By ▲ 0.39 (1.74%)
BOP 5.68 Increased By ▲ 0.26 (4.8%)
CNERGY 5.09 Increased By ▲ 0.04 (0.79%)
DFML 19.35 Increased By ▲ 0.17 (0.89%)
DGKC 80.80 Increased By ▲ 0.65 (0.81%)
FABL 33.10 Increased By ▲ 0.25 (0.76%)
FCCL 20.23 Decreased By ▼ -0.02 (-0.1%)
FFL 10.57 Increased By ▲ 0.92 (9.53%)
GGL 13.62 Increased By ▲ 0.02 (0.15%)
HBL 130.17 Increased By ▲ 8.83 (7.28%)
HUBC 122.62 Increased By ▲ 0.12 (0.1%)
HUMNL 8.05 Increased By ▲ 0.05 (0.63%)
KEL 4.45 Increased By ▲ 0.48 (12.09%)
LOTCHEM 27.92 Decreased By ▼ -0.16 (-0.57%)
MLCF 42.70 Increased By ▲ 0.50 (1.18%)
OGDC 125.61 Increased By ▲ 4.28 (3.53%)
PAEL 21.35 Increased By ▲ 1.12 (5.54%)
PIBTL 6.12 Increased By ▲ 0.32 (5.52%)
PIOC 118.00 Increased By ▲ 2.10 (1.81%)
PPL 113.85 Increased By ▲ 3.10 (2.8%)
PRL 31.80 Increased By ▲ 2.22 (7.51%)
SILK 1.10 Increased By ▲ 0.02 (1.85%)
SNGP 69.40 Increased By ▲ 0.37 (0.54%)
SSGC 13.72 Increased By ▲ 0.02 (0.15%)
TELE 9.24 Increased By ▲ 0.49 (5.6%)
TPLP 14.75 Increased By ▲ 0.08 (0.55%)
TRG 92.85 Increased By ▲ 1.55 (1.7%)
UNITY 27.50 Increased By ▲ 0.25 (0.92%)
WTL 1.66 Increased By ▲ 0.03 (1.84%)
BR100 6,815 Increased By 167.1 (2.51%)
BR30 24,245 Increased By 677 (2.87%)
KSE100 66,224 Increased By 1505.6 (2.33%)
KSE30 22,123 Increased By 529.1 (2.45%)

ISLAMABAD: The Ministry of Commerce and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, Germany signed an Implementation Agreement (IA) ) in pursuance of Memorandum of Understanding (MoU) meant to improve labour, social and environmental standards.

On December 23, 2020, the Economic Affairs Division (EAD) and Germany signed the MoU in which government of Germany agreed to support two projects and one is on “improvement of labor, social and environmental standards in Pakistan’s textile industry (TextILES)”.

Under the program, Germany would provide GIZ up-to Euro 7,500,000 as German contribution for period of three years. The signing ceremony was participated by Razak Dawood (Advisor to Prime Minister on Commerce and Investment), Dr. Sohail Rajpoot (Special Secretary, Ministry of Commerce) from Pakistan side and Ms. Romina Kochius (Principle Advisor GIZ) from Germany side. The technical cooperation on this project aims to increase value-addition and competitiveness, and foster innovation by synergizing the environmental, social, and economic dimension of sustainability in the textiles and apparel industry. The outcome of project would be to support digitalization of Labor and Human Resource Department’s (LHRD) downstream institutions like Punjab Employees Social Security Institution (PESSI), formulation and implementation of measures to ensure sustainable production, transform 15-20 companies who made use of good environmental practices, innovative technologies or labor standards to move to higher value addition or entered new markets, initiate 2 campaigns on Occupational Safety and Health (OSH) particularly for SMEs to achieve international certification in labor and environmental standards.

Razak Dawood, the Advisor to Prime Minister met with Ms. Romina Kochius (Principle Advisor GIZ) and acknowledged Government of Germany and her for the valuable support in respect of technical cooperation to Pakistan’s textiles and apparel industry in order to improve labor conditions, compliance standards and resource efficiency. The ceremony ended with notes of thanks from both sides.

Copyright Business Recorder, 2021

Comments

Comments are closed.

IA inked with Germany to improve labour, social standards

Palestinian Authority working with US on postwar plan for Gaza

Inter-bank: rupee sees 9th consecutive gain against US dollar

PML-N demands not power, but accountability: Nawaz Sharif

Open market: rupee edges higher against US dollar

Five terrorists killed in Tank IBO: ISPR

Former finance minister Shaukat Tarin quits PTI, politics

Imran’s statement on Afghan refugees an attempt to gain ‘sympathy of Afghan govt’: info minister

ECP issues notice to PTI regarding petitions challenging intra-party polls

OGDCL discovers hydrocarbon reserves in Sindh

NAB summons Bushra Bibi on December 11 in Toshakhana case