Pakistan Promises Annual Subsidy Of Up To 1 Billion US Dollars For The Domestic Textile Industry.

Pakistan promises domestic

The industry subsidized up to $1 billion a year, with the goal of doubling exports in nine years.

That is to say, the target of textile exports will reach US $26 billion by 2013.

In addition, the government also hopes to create job opportunities.

According to local media reports, this will increase 10 million new job opportunities.

This goal is magnificent, but it corresponds to an unprecedented cooperation agreement in the energy field.

The shortage of electricity in Pakistan has been constantly affected by power cuts, especially to the

Production stoppage and damage to foreign businessmen's confidence.

So in early December, Pakistan signed an agreement with Kyrgyz and Tajik to solve the problem of energy shortage.

Not long ago, the IMF just refused to provide fifth loans to the country, urging it to solve the energy problem first.

So this energy agreement is very important for future development.

Pakistan is the ninth largest garment supplier of the European Union, and exports to Europe amounted to 466 million euros in 2013.

The country recorded a substantial growth of 29%, which mainly benefited from the pfer of entry level orders in China.