National News

ISLAMABAD, (APP): Speaker National Assembly Sardar Ayaz
Sadiq Thursday said that hearts of both Pakistanis and Chinese
people beats together and their destiny is also same.
“Our mutually beneficial collaboration is spread over a wide
range of projects in all geographical terrains, from the heights of
the Karakoram to the waters of the Arabian Sea,” he said this while
speaking at the Forum of Textile and Garments Industry Development,
according to a message received from Urumqi, China.
Ayaz Sadiq said that Pakistan’s relations with China and
especially Xinjiang province are already strong as trade and
cooperation on socio economic fronts between the two sides have been
increasing and Pakistan looks forward to the Special Economic Zones,
which surely turn this region into a gateway to Central and South
Asia.
He informed that textile industry has been the mainstay of our
economy and exports in Pakistan. This sector is providing livelihood
to more than 10 million farming families and accounts for 40% of the
industrial employment, he added.
The Speaker said that government of Pakistan is currently
working on improving the textile industry and its value chain
through various initiatives including energy projects,
infrastructural and manpower development.
He said that a pro-business investment policy remains a
central plank of Pakistan’s strategy.
The investment policy of the government provides for 100
percent equity ownership, full repatriation of capital, tax breaks,
customs duty concessions on the import of plant, machinery and raw
materials, the Speaker added.