Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Op-Ed Editorial

Shelving textile city

byDr. Aftab Afzal
13/08/2016
in Editorial, Latest News, Op-Ed
Share on FacebookShare on Twitter

 

Once a foreign economist had remarked that Pakistanis are poor by choice and not by destiny and that is true to some extent. The main regulator of any business is the government, but in Pakistan, it is some time on and some time off, leaving the business organizations in a state of perplexity or uncertainty over what to do in the face of certain government policies. The political leadership seems bewildered with its own conditions and traditions in which it wants all the credit of good work to itself and will never be ready to share its success with a political rival. As a consequence, one government makes a progressive policy and the next government breaks it and launches its own development policy to meet the same fate once the yet another government comes in. This circle of make and break is going on since independence and this culture of denial is not going to end in the foreseeable future. The people are the ultimate losers.

You might also like

OICCI proposes 5pc cap on withholding tax, calls for reforms

21/04/2026

Zong launches Pakistan’s first 5G facilitation Kiosk at Islamabad Airport

21/04/2026

According to newspaper reports, the federal government is ready to roll back the Pakistan Textile City project in Karachi. The project launched 11 years ago is a classic example of the current government apathy towards the projects of vital importance launched by a previous government. Spreading over an area of 2,500 acres, the city was to be equipped with state-of-the-art facilities to facilitate the textile industry in the mega city. However, the project which was launched to enhance the country’s export ended in fiasco at a time when China Pakistan Economic Corridor is under construction and foreign investors are preparing to invest in the country. The proposed city still lacked basic facilities of electricity, water and gas and it seems to rescind the project is the only option with the government. It is hoped that the government will look into the matter again and will set up the textile city not only in Karachi but also in Lahore.

The country needs health, industrial and education cities across the country. This is the only way to turn Pakistan into a developed nation and the government cannot do it all alone. It should take the private sector into confidence to launch mega projects in the country. The government should also revise its energy policy and should avoid to consider it as an earning sector. There is no doubt setting up of industries is not the government’s responsibility, but it must facilitate the entrepreneurs to setup industries. The economies in the region are fast growing and we should not refuse to learn from their experiences. If the country’s economy is on the verge of takeoff, let it be for the sake of the nation. A textile city is need of the hour.

Related Stories

OICCI proposes 5pc cap on withholding tax, calls for reforms

byCT Report
21/04/2026

KARACHI: The Overseas Investors Chambers of Commerce and Industry (OICCI) has proposed capping withholding tax rates at 5%, urging the...

Zong launches Pakistan’s first 5G facilitation Kiosk at Islamabad Airport

byCT Report
21/04/2026

ISLAMABAD: Zong, Pakistan’s leading technology services enterprise, has set a new industry benchmark by launching the country’s first dedicated 5G...

LHC allows Rs11.2b cost equalisation adjustment deduction for SNGPL in tax dispute

byCT Report
21/04/2026

LAHORE: The Lahore High Court has ruled that the Cost Equalisation Adjustment claimed by Sui Northern Gas Pipelines Limited qualifies...

Pakistan secures $1bn from Saudi Arabia as second tranche of $3bn deposit

byCT Report
21/04/2026

KARACHI: The State Bank of Pakistan (SBP) confirmed on Tuesday that the country has received $1 billion from Saudi Arabia,...

Next Post

Chairman FBR Nisar leaves for UK to settle M/s Agility case process

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.