Creation of 1Mn new jobs- Pakistan textile industry
Islamabad: Pakistan’s textile industry gets a boon after the European Parliament’s decision to grant Islamabad GSP-Plus status.
Experts believe that the move will create additional one million jobs in the textile sector while textile exports will get an additional boost of an estimated $2 billion a year.
Yesterday, the European Parliament approved a legislation under which 10 countries including Pakistan are entitled to Generalized System of Preferences (GSP) Plus Scheme.
Under the scheme, 20 percent of the textile…