Karachi (TDI): Pakistan has launched fifth edition of International Textiles and Leather Flagship Exhibition (TEXPO) with the participation of delegates from 52 countries around the world.
The Pakistan’s flagship expo exhibition, being held from October 23 to 25 at the Expo Center Karachi, was inaugurated by the Federal Minister for Commerce Jam Kamal Khan on Wednesday along with Sindh chief minister Syed Murad Ali Shah, Governor Khyber Pakhtunkhwa Faisal Kareem Kundi, and Chairman Trade Development Authority of Pakistan (TDAP) Zubair Motiwala.
Addressing the inaugural ceremony as a chief guest the federal commerce minister said, “we are confident” that Pakistan’s textiles and leather industries will emerge stronger, resilient, and more competitive, through coordinated efforts between the public and private sectors.”
He said that we are working closely with the private sector to promote value addition and product diversification, particularly in non-cotton apparel, performance/active wears, technical textiles, sports and high fashion shoes, leather accessories, while promoting the concepts of circular economy and use of smart and sustainable materials.
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The minister said that Ministry of Commerce, through its Export Development Fund (EDF), is also financially supporting businesses in terms of trade promotion, marketing, image building, infrastructure development, skill development and improving ESG compliances.
Sustainability, innovation, and digitization are at the heart of the bright future, he added.
He highlighted that Pakistan is at the forefront of embracing latest trends of digital transformation in supply chains and e-commerce, which are unlocking new opportunities for growth.
Welcoming the foreign delegates in the TEXPO he said, “we are honored to host over 52 countries, which is not only a testament to Pakistan’s vital role in the global textiles, apparel and leather industries but also a commitment to advancing these sectors towards a brighter and sustainable future.”
He hoped that the delegates will have the unique opportunity to witness cutting-edge innovations and explore Pakistan’s world-class products. They will uncover new business opportunities and partnerships, he further said.
He said that the textile and leather industries play a vital role in Pakistan’s economy, contributing more than 60 percent to our national exports.
“We now offer a vast array of products, including high-quality apparel, technical textiles, home textiles, and specialized fabrics, which are contributing substantially to our exports.”
Jam Kamal Khan said that Pakistan foresees much expansion in this segment supported by strength of international demand.
The Government of Pakistan, in collaboration with ILO, GIZ, IFC, Better Cotton, GIZ, UNIDO, UNEF, also spearheads ESG initiatives as a responsible player in the global arena, he said.
He said that the current IMF financial agreement, improvement in international rating, inflation and interest rates going down and stock exchange are reaching new heights.
He expressed gratitude to all the foreign delegates who have traveled from around the world to join the Texpo-2024 and said their presence is a powerful symbol of our shared commitment to the future of these industries.
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On this occasion the CM Sindh said the Texpo provides opportunities to our craftsman to show their talents to the world.
Governor Khyber-Pakhtunkhaw, Faisal Kareem Kundi in his address expressed confidence that the delegates participating in the event will also promote the soft image of Pakistan to the world.
Chairman TDAP Zubair Motiwala presented souvenirs to the Federal Commerce Minister, Jam Kamal Khan and Sindh CM Syed Murad Ali Shah.
