Looming opportunities: Textile City project to provide 80,000 jobs

Pakistan Textile City Ltd project to be completed in a span of two years.

KARACHI: Finance Minister Dr Abdul Hafeez Shaikh has announced that Pakistan Textile City Ltd (PTC), to be built in Karachi, will provide jobs to around 80,000 people, Express 24/7 reported on Saturday.

Speaking to the media in Karachi, the finance minister said that he had reviewed the progress on the textile city project.

He said a power plant that generates 250 megawatts of electricity for the textile city will start functioning next year.

Shaikh said that the meeting also discussed a water scheme, worth Rs1.3 billion rupees, that will provide 20 million gallons of water daily to the textile city.

Furthermore, the minister said that a project to provide gas to the textile city is also underway.

The textile city project is committed to developing the first textile processing zone which would comply with rules and requirements of World Trade Organisation and ISO 14001.

Earlier it was announced that the sale of plots in textile city will start in mid-July, whereas, the project will be completed in a span of two years.