Karachi:,,, A meeting of Standing Committee of National Assembly on Textile Industry, comprising of 15 Member Parliamentarians was held in a local hotel to discuss the progress of the work of Pakistan Textile City under the chairmanship of Haji Muhammad Akram Ansari.
Pakistan Textile City is a dedicated textile industrial zone over an area of 1250 acres of land at Port Qasim, driven with the vision to develop and operate value added textile industries.
The Chairman Pakistan Textile City, Dr. Mirza Ikhtiar Baig, gave a comprehensive presentation to the parliamentarians and briefed that the company has arranged 50 MW uninterrupted power supply from K-Electric and adequate water supply. SSGC has allowed gas for the project for generation. PTCL has requested SSGC for the dual use of the gas also by the processing industry. The case is with the Ministry of Petroleum & Natural Resources for the approval of the Prime Minister.
Dr. Baig informed that National Bank of Pakistan has also approved additional financing of Rs. 1.165 billion to meet the balance expenditures of the project.
The Standing Committee has passed a resolution to take up the matter with Prime Minister of Pakistan to get the approval for the dual use of gas supply by SSGC.
Dr. Baig assured the Standing Committee that they are working on the launch of the project by July 2014 and are pleased that keeping in view the strategic location near the port, better infrastructure and law and order situation, the value added textile sector have shown serious interest in the project.
Chairman Textile Standing Committee complemented
Dr. Mirza Ikhtiar Baig in resolving the issues the project was faced with in a short time and assured them their full cooperation for the early launch and success of the project which will not only provide substantial jobs to the 80,000 workers on full completion but would also enhance exports and revenues to the national exchequer.