Pakistan President Asif Ali Zardari has urged the South Korean Eximbank’s Chairman Dong Soo Park to provide financial backing to Pakistan’s textile sector, Dr. Mirza Ikhtiar Baig, Pakistan’s Federal Advisor on Textiles, said in a statement.
Pakistan President Asif Ali Zardari has urged the South Korean Eximbank's Chairman Dong Soo Park to provide financial backing to Pakistan's textile #
Dr. Baig, who accompanied President Zardari on his three-day official visit to Seoul, the capital of South Korea, appreciated the proposal put forward by Mr. Zardari.
Pakistan President Asif Ali Zardari has urged the South Korean Eximbank's Chairman Dong Soo Park to provide financial backing to Pakistan's textile #
The Federal Advisor updated the President that China no longer competes with Pakistan in cotton yarn and denim fabric, but is currently one of the largest importers of these items from Pakistan.
Pakistan President Asif Ali Zardari has urged the South Korean Eximbank's Chairman Dong Soo Park to provide financial backing to Pakistan's textile #
Escalating cost of labour and wages, which have gone up by almost 20 percent, would compel China to even withdraw from garment production. This would provide Pakistan and other countries in the region with an opportunity to grab the market share that China loses, he said.
Pakistan President Asif Ali Zardari has urged the South Korean Eximbank's Chairman Dong Soo Park to provide financial backing to Pakistan's textile #
Mr. Zardari shared Dr. Baig’s opinion that ultimately China would enhance its focus on hi-tech sectors, as has already been done by Korea and Japan.
Pakistan President Asif Ali Zardari has urged the South Korean Eximbank's Chairman Dong Soo Park to provide financial backing to Pakistan's textile #
Fibre2fashion News Desk - India
marketing@alchempro.com
