Garment Cities to be set up in Lahore, Karachi, and Faisalabad
Three proposed garment city projects in Lahore, Karachi, and Faisalabad will be functional in the next 15 months, says commerce secretary Tasnim Noorani.
Those who attended the meeting included 13 leading garment manufacturers from Faisalabad. The meeting discussed matters relating to the formation of a company to handle the execution of the Faisalabad Garment City project and acquisition of land for the project at length. The Export Development Fund (EDF) has approved an amount of Rs1.5 billion for the three garment cities, said the secretary, adding that the establishment of the garment cities would help the local industry benefit from opportunities likely to arise after the abolition of textile quotas from next year…