Federal Secretary Textiles, Shahid Rasheed, said here that 57 per cent of country's exports were based on textile sector and Korean government was extending generous help to usher reforms in this vital sector.

Addressing members of Pakistan Cotton Ginners Association (PCGA), he said that Korean government has also established an institute at Karachi which is equipped with modern machines as well as other infrastructure. The Federal Secretary said that the Textile city was nearing completion in Karachi.

He said that he had initiated a project with the help of ILO for training of manpower.

Shahid Rasheed said that matters pertaining to seed certification and prices were not in the ambit of his ministry. "The matters regarding land and funds have been settled for Cotton Ginning Research Institute at Multan which will be a modern institute", he said.

He added that draft of the first Cotton Policy has been finalized and it will be provided to PCGA, and other stalk holders soon.

Chairman PCGA Mahesh Kumar, former Chairmen Amanullah Qureshi, Cotton Commissioner, Khalid Abdullah and Chairman All Pakistan Oil Mills Association, Ansar Khan also spoke on the occasion.