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Business

Web Desk
January 13, 2021

'Welcome sign': Pakistani textile unit acquires manufacturing facility in US

Business

Web Desk
Wed, Jan 13, 2021
Representational image. — AFP/File

ISLAMABAD: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood  on Wednesday said that a Pakistani textile unit has acquired a manufacturing facility in the US.

The commerce adviser shared the news on his official Twitter account and congratulated Artistic Milliners on the development.

“It is with great interest that I read that Artistic Milliners has acquired a manufacturing facility in California,” he tweeted.

The PM’s adviser encouraged Pakistani companies to go global through acquisitions. “Our local companies should acquire overseas companies and brands, through proper channel, as it increases outreach in the global market and thereby increases our market share.”

He further said that Pakistani companies, formally reaching out across the globe, is a welcome sign.

“I wish Artistic Milliners every success.”