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textile city

CM Murad vows to set up Textile City project in Karachi

KARACHI: Chief Minister Sindh Murad Ali Shah on Thursday vowed to establish the Pakistan Textile City and questioned the rationale of the federal government to wind up the project. The chief minister presiding over a meeting of Textile City questioned why the project cannot be established in Karachi when there were a textile city in Faisalabad and Gujranwala. Minister for Industries Manzoor Wassan and chief secretary Riwan Memon also attended the meeting. Wassan briefed the chief minister that the federal government…

ECC approves funds to set up disaster management mechanism

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet on Wednesday approved the allocation of funds equivalent to 25 million dollars for the National Disaster Risk Management Fund (NDRMF). The meeting chaired by Finance Minister Ishaq Dar considered the proposal by Economic Affairs Division (EAD) which has established the fund to set up a government-owned sustainable mechanism to support disaster risk financing instruments that can enhance resilience to natural calamities. The Asian Development Bank…