KARACHI: Jam Kamal, Federal Minister for Commerce, has said that the government is taking steps to provide energy to industries at cheaper rates to reduce the cost of doing business, enabling the domestic industry to compete in the world market. He was addressing the inaugural ceremony of the 5th edition of TEXPO Pakistan 2024, a flagship event of the Trade Development Authority of Pakistan (TDAP) and Ministry of Commerce & Textile held on Tuesday at Karachi Expo Centre. Texpo was inaugurated by Jam Kamal at Expo Centre here along with Faisal Karim Kundi, Governor of KPK, Syed Murad Ali Shah, Chief Minister Sindh.

Muhammad Zubair Motiwala, Chief Executive TDAP, Sheryar Taj Secretary TDAP, Atif Ikram Sheikh President FPCCI, Jawed Bilwani President KCCI and other leading businessmen also attended the Ribbon Cutting ceremony. Minister Commerce said that Pakistani textile products are world class and compete with any international brand. Textile and leather products account for 60 percent of Pakistan’s exports and latest products are being showcased in Texpo 2024.

He urged the industry to focus on skill development and said that skilled labour can play an important role in the development of textile and leather industries. “Pakistani exporters are meeting global standards of environmental friendliness and transparency and Pakistan’s textile exports are gradually increasing”, he added. Jam Kamal said that Pakistan’s small and medium scale industries are also progressing .