The Pakistan Textile Summit 2014 is scheduled for November 27. It will see industry representatives from across the globe. The summit will have keynote speeches and presentations from senior level officials from the government, relevant associations and representatives from local and international textile companies.

The objectives of the summit are to promote the country’s industry, showcasing research and development in the sector. It’s aimed at exploring the latest innovations in machinery and technology, providing a networking opportunity for local and international textile industry professionals. This would, in turn, give Pakistan a first-hand look at what the market wants.

Buyers and professionals from within the country and abroad will be present at the event. The Summit will explore the latest innovation in textile machinery and technology, cater a networking opportunity for local and international professionals, attract foreign investment, increase export and address issues such as the energy crisis.

The Summit, which will be attended by prime minister Nawaz Sharif, is being organised by the Ministry of Textiles in collaboration with the All Pakistan Textile Mills Association, All Pakistan Textile Processing Mills Association, Pakistan Textile Exporters Association and the Pakistan Readymade Garments Manufacturers & Exporters Association.

The textile industry is the mainstay of Pakistan’s economy. It contributes 8.5 per cent to GDP and employs over 40 per cent of the manufacturing sector workforce.