(MENAFN) The Planning Commission at Pakistan's government said that it is seeking $65 billion investment in the manufacturing sector to double its weakening exports, Khaleej Times reported.

According to officials, the investment of $65 billion will include textile and garments $20-23 billion, spinning $4b, weaving $7b, finishing $5b and downstream industry $5b, steel & engineering goods $13-16b, chemical & pharmaceuticals $5-8b, leather and leather products $3-6b, sports & surgical Instruments $3-5b, gems and jewelry $2.5-4b, marble and granite $2-3b, rice $23b and fish & fish products $1-2.5b.

To enhance exports to 15 percent of GDP in next six to seven years, the Planning Commission prepared the export plan in consultation with the stakeholders from both public and private sectors.

The plan gives a detailed review of all major exports, highlighting constraints impeding exports and presents a strategic framework to achieve a quantum leap in exports from $16.4 billion in fiscal year 2006 to $40-45 billion by fiscal year 2013.

The plan sought to raise the skill base and competitiveness by establishing more technical and vocational training institutes. Capacity of the existing public sector training institutions will be enhanced. Institutional measures are also needed to strengthen industry/academia linkages.

http://www.menafn.com/qn_news_story_s.asp?StoryId=1093203795

our industries are closing since this government has came to power the textiles industry is getting from bad to worst they going on strike thousands of testile units have closed and more are closing cause of the tax and overheads going high but all this government is bothered about is going to dubai and london for meetings people are suffering in pakistan and these politicians are to there old ways ALLAH help us all.


SPEEDY
enjoy

wait ..... wasn't same govt bitching and whining about the agriculture sector?

Or did they discover that the road to agriculture actually goes through massive industrilization?

I have thought about it alot but couldnt find a single promise this government made in the past which they have fulfilled.

SPEEDY
enjoy

lets hope they focus on tractors and contruction machinery. If we can produce it at low cost we can then try to export it to Africa and Afghanistan and Bangladesh and the far east.

Total nonsense report! Even if we spend 10% of that we will get ride of poverty but its never ever going to happen.

excellent news but we shouldn't forget about the agriculture as well . We need to spend more on developing yields from our land, fertilizers, genetics, water etc.

Brothers, does anyone know if labour is cheaper in Pakistan, India or China?

Which would be the cheapest country to setup factory/shop based on the cheapest non-technical labour pool?

From cheapest to more expensive:

1) Bangladesh
2) China
3) India
4) Pakistan

For some types of factories, India is cheaper than China.

why is pakistan labour more expensive then the other three?

Are you kidding me?
Its more like
1)Bangladesh
2)Pakistan
3)India
4)China

LOL you kidding me as well.

Recently Pakistani Minimum wage was increase to Rs Pak : 5000 per month or abt 166 rupee per day. This translats to $843 dollars becoz the miss management by government has hammered the rupee value other wise it was $1000 which is equal to GDP per capita.

Indian in september 2007 minum wage level was increased to Rs In: 80 per day. which translates to 2400 rupee per month and at current exchange rate of 42.8, it equals $682 dollars.
http://www.paycheck.in/main/officialminimumwages

Despite pakistan rupee taking a hamering still minimum wage in Pakistan is $161 dollars higher.

Pakistan does has expensive labour S Asia.

I guess we are arogant, no jokes ive seen Indians willing to work for less pay and Pakistans quite alot of cases.