PAKISTAN TEXTILE SECTOR WANTS GOVERNMENT SUPPORT FOR INNOVATIONS AND TECHNOLOGY UPGRADE
February 2nd, 2020
PAKISTAN’S textile sector is in dire need of additional investment for modernisation and innovation in order to keep pace with its main regional competitors, industry insiders have warned.
They claim investment has been slashed in the past five years and the industry has been hit with high import tariffs on raw materials meaning programmes to upgrade machinery and other innovation projects have only continued at a sluggish rate.
Highlighting how pockets of innovation have sparked a significant reduction in energy costs - a perennial area of contention for the ...
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