Pakistan Textile City 2023

 

Pakistan Textile City 2023

Pakistan Textile City 2023

Pakistan Textile City is located in Karachi, Sindh, Pakistan. Pakistan Textile City is an industrial zone dedicated to textile processing and allied industries. Established in 2009, with a total area of 1250 acres, the estate is located in the Eastern Industrial Zone of Port Qasim Karachi, 6 km from the National Highway.

The Federal Government of Pakistan owns 40% of Textile City, while the Sindh Government owns 16%. National Bank of Pakistan (NBP) owns 8% of the company, while Export Processing Zone owns 4%, Saudi Pak Insurance Company owns 4%, National Investment Bank owns 4%, Pak Kuwait Investment Company owns 4%, Pak Qatar Investment Company owns 4%, and PIDC owns 1%.

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The Pakistan Textile City project is currently on the verge of failure, resulting in a massive loss to the national exchequer, as the government pays around Rs 400 million in interest on bank loans each year. Textile City's debt exceeds Tk 2.4 billion as a result of mismanagement and corruption.

Other Industrial Parks in Karachi

1. Bin Qasim Industrial Zone

2. Federal B Industrial Area

3. Karachi Export Processing Zone

4. Korangi Creek Industrial Park

5. Korangi Industrial Area

6. North Karachi Industrial Area

7. S.I.T.E Industrial Area

8. West Wharf Industrial Area

Where is textile industry in Pakistan?

Textile businesses are concentrated in Karachi, with a 38% share, and in Faisalabad, with a 28% share. There are 464 textile units in Punjab and 116 in Sindh.

Which is the largest textile industries in Pakistan?

Nishat Mills Ltd - Lahore: It is Pakistan's largest, most modern, and vertically integrated textile company. It is a leading business organization in Pakistan. Textiles, cement, banking, power generation, insurance, agriculture, and paper products are just a few of the industries in which the Nishat Group has a presence.

Which city is famous for textile industry?

Ahmedabad, Gujarat, has emerged as a prominent cotton textile industrial centre, also known as the "Manchester of India" due to the easy availability of raw materials and the humid climate for spinning and weaving.

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