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Razak says $5 billion investment for raising new textile units in pipeline

Investment worth $5 billion is in the pipeline for the establishment of new textile units, Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood said Thursday.

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Razak says $5 billion investment for raising new textile units in pipeline
GNN Media: Representational Photo

Highlighting the positive outcome of the "Make-in-Pakistan" policy, Dawood wrote on Twitter: “Our Make-in-Pakistan policy is beginning to show results.”

“We have been informed that an investment of approximately $5 billion is in the pipeline under which 100 new textile units are expected to be established,” the adviser said.

Sharing further details regarding the investment, he said: “Apart from enhancing export capacity, these are likely to create about 500,000 jobs.”

“This government has reversed the de-industrialisation and InshaAllah, we are now on a path of industrial growth in Pakistan,” the PM's aide added.

The adviser said apart from enhancing export capacity, these were likely to create about 500,000 jobs.

 

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