ISLAMABAD: Germany will provide Pakistan technical assistance worth 1.95 billion rupees for promoting resilience against impacts of natural disasters and improvement of labour, social and environmental standards in textile industry.
Germany to offer tech help to promote Pakistan textile industry
An agreement to the effect was signed in Islamabad on Thursday by Secretary Ministry of Economic Affairs Noor Ahmed on behalf of Pakistan, and German Ambassador to Pakistan Bernhard Schlagheck.
On this occasion, the two sides reiterated their resolve to further strengthen bilateral cooperation.
Germany promoting Pakistan Textile Industry
Noor Ahmed thanked the German government for the grant of technical assistance in priority areas of Pakistan.
The German Ambassador expressed his desire to enhance the economic cooperation with Pakistan in future.
Textile industry in Pakistan
The textile industry is the largest manufacturing industry in Pakistan. Pakistan is the 8th largest exporter of textile commodities in Asia. Textile sector contributes 8.5% to the GDP of Pakistan. In addition, the sector employs about 45% of the total labor force in the country (and 38% of the manufacturing workers). Pakistan is the 4th largest producer of cotton with the third largest spinning capacity in Asia after China and India and contributes 5% to the global spinning capacity. At present, there are 1,221 ginning units, 442 spinning units, 124 large spinning units and 425 small units which produce textile.
The aim of the project “Promoting Resilience against Impacts of Natural Disaster in Pakistan” is to technically equip the disaster management authorities to support in development planning and implementation to reduce disaster risks.
Furthermore, the project “Improvement of Labour, Social and Environmental Standards in Pakistan Textile Industry” is aimed at improving the framework conditions for the implementation of labour standards in the province of Punjab.