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Triple Bottom Line practices to double Pakistan’s textile industry in three years

United Arab Emirates: Thursday, August 29 - 2013 @ 15:56

This is according to Raza Jafar, a leading Dubai-based businessman and philanthropist.

A press conference on Friday 23rd August in Lahore announced that Mr Raza Jafar remarked, “Adopting Triple bottom line will increase the productivity of the industry’s energy and water efficiency practices, while improving the working and living conditions of its workers and their families.”

“These changes will help the industry become a role model for other Asian countries with strong textile industries, such as India and Bangladesh,” Mr Jafar added.

The new practices could see major changes in Pakistan’s textile industry, which will positively affect the 15 million people working in the industry, an industry, which utilises 69% of Pakistan’s water consumption and 20% of its national energy production.

The APTMA spokesperson said, “We highly appreciate the professional background of Raza Jafar and it has been our honour to name him as “Friend of APTMA” and supporter of Pakistan’s progress through TBL strategy. Pakistan textile industry is all set to avail GSP Plus status from January 2014 onwards and Raza Jafar will play a vital role of in preparing the industry for the relating challenges in this endeavour.”

APTMA is targeting $30 billion in exports in the coming three years from its current $15 billion levels. A comprehensive strategy is being put in place, with growth in textile trade the next target of APTMA’s leadership after managing energy issues.

An integrated policy is being formulated to convince international customers that Pakistan has a reliable textile chain for business purposes, and that the highest labour and environmental standards are in place.

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Thursday, August 29- 2013 @ 15:56 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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