Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Oil climbs to two-week high

May 13, 2025

Hong Kong stocks retreat from gains sparked by China-US trade breakthrough

May 13, 2025

Wall Street expands gains, Dow Jones closes up 1160 points after US-China trade deal

May 13, 2025
Facebook X (Twitter) Instagram
Tuesday, May 13
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Textile garments manufacturing sector: SMEDA holds consultative session with stakeholders – Business & Finance
Economist Intelligence

Textile garments manufacturing sector: SMEDA holds consultative session with stakeholders – Business & Finance

adminBy adminMarch 4, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 23


LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) held a consultative session with stakeholders of the Textile Garments Manufacturing sector in order to align the 2nd Phase of its ‘Industrial Stitching Units’ project with the Uraan Pakistan programme of the government for boosting exports through SMEs.

The session was presided over by Socrat Aman Rana, Chief Executive Officer of SMEDA and was attended by a number of the private sector stakeholders including the representatives from APTMA, PRGMEA and PHMA.

The representatives of the Ministry of Industries and Production and the Ministry of Planning, Development and Special Initiatives also attended the meeting through video link.

CEO SMEDA Socrat Aman Rana, while welcoming the participants, informed that the project titled as 1000 Industrial Stitching Units was approved by the government in 2018 to provide Matching Grants (60:40) in the cost of machines to new business startups as well as existing Small & Medium Enterprises (SMEs) to establish industrial stitching units.

The first phase of the project, building a success story, would be completed on June 30, 2025 and SMEDA was actively engaged in shaping up PC-1 for Phase-II in line with Uraan Pakistan’s objectives, he said adding that in Phase-II, 350 units shall be established, whereas in Phase-1 the target was 150 units.

He further informed that under Phase-II of the project, 100% grants will be disbursed to Export-oriented units, in contrast to Phase-I, which primarily catered to domestic garment sector. The Grant size for phase-II has also been increased from Rs1.8 million to Rs5.0 million supporting approximately 50 machines, capable of handling export orders, he added.

Project Director Muhammad Raza, while giving a presentation on this occasion, informed that under Phase-I, 150 units had been facilitated across the country having 76 in Punjab, 35 in Sindh, 17 in KP & Balochistan and 1 in GB.

He also shared the impact assessment of 93 units established under Phase-I. He told that Phase-I of the project had a favourable impact on employment generation by creating 1208 new jobs and also empowering women entrepreneurship, as 41% of the total beneficiaries were the stitching units owned by females.

The participants of the private sector acknowledged that first phase of the Industrial Stitching Units Project of SMEDA was highly beneficial for small and medium manufacturers of the textile garments. They appreciated the transparency of the grant sanctioning process as well as technical support provided by SMEDA. They gave a number of viable suggestions for phase-11 of the project.

This is notable that Phase-II shall cater multiple textile export sectors i.e. Readymade Garments, Fashion Apparel, Hosiery Manufacturers, Knitwear, Bedsheets, Traditional Textiles Leather Garments, Denim Manufacturers, Gloves Manufacturers, Towel Manufacturers, Sports Goods, Canvas Manufacturers, unlike Phase-I, which was suitable mainly for Hosiery (Tee Shirts, Polo Shirts, Dress Shirts) and Basic Home Textile.

Copyright Business Recorder, 2025



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

Pakistan’s tech startups shine at GISEC – Startup Recorder

May 13, 2025
Economist Intelligence

S&P 500 jumps to over two-month high after US-China tariff truce – Markets

May 12, 2025
Economist Intelligence

Soybeans, corn up on US-China trade optimism; wheat flat – Markets

May 12, 2025
Economist Intelligence

APTMA welcomes Trump’s trade pledge with Pakistan, expects tariff easing – Markets

May 12, 2025
Economist Intelligence

Arif Habib expects super tax cut in upcoming budget – Business & Finance

May 12, 2025
Economist Intelligence

SoftBank Group seen booking modest fourth quarter loss as Vision Fund suffers – Business & Finance

May 12, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Pakistan’s tech startups shine at GISEC – Startup Recorder

May 13, 2025

S&P 500 jumps to over two-month high after US-China tariff truce – Markets

May 12, 2025

Soybeans, corn up on US-China trade optimism; wheat flat – Markets

May 12, 2025

APTMA welcomes Trump’s trade pledge with Pakistan, expects tariff easing – Markets

May 12, 2025
Latest Posts

US, China agree to slash tariffs in trade war de-escalation – Business

May 12, 2025

PSX jacks up record 9pc as ceasefire with India calms investors – World

May 12, 2025

CORPORATE WINDOW: Waste not, want not – Newspaper

May 12, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Oil climbs to two-week high
  • Hong Kong stocks retreat from gains sparked by China-US trade breakthrough
  • Wall Street expands gains, Dow Jones closes up 1160 points after US-China trade deal
  • Japan watches South Korea’s presidential polls for signs of warmer ties
  • Pakistan’s tech startups shine at GISEC – Startup Recorder

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Oil climbs to two-week high

May 13, 2025

Hong Kong stocks retreat from gains sparked by China-US trade breakthrough

May 13, 2025

Wall Street expands gains, Dow Jones closes up 1160 points after US-China trade deal

May 13, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.