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KARACHI: Vast potential existed for increasing export of Pakistani textile goods to a leading US retail company J C Penny from existing $ 50 million to $ 200 million.

Export Promotion Bureau (EPB) said Tuesday, this has been stated by the vice president (Sourcing) J C Penney, Rodney Birkins during a recent visit to Karachi.

J C Penney delegation of sourcing officials had visited Karachi from January-25 to 30 this year to evaluate potential of Pakistani textile and apparel industry for supplying goods to leading US chain stores.

The delegation visited textile garments factories and held matchmaking meetings with leading textile exporters from knitwear, woven garments and home textile sectors.

The nine-member delegation had three directors and several managers dealing with knitwear, woven fabric and home textile divisions of J C Penney.

As EPB says, Birkins was very impressed with the quality of products (samples) shown to him by Pakistani exporters during his visit and termed those meetings very fruitful.

Birkins had pointed out that post quota regime would be better for Pakistani textile exports as far as US market was concerned as Pakistani products would get an additional share. In addition, US retailers will be benefited.

World Bank VP to visit Pakistan on Thursday

Praful Patel, Vice President of World Bank, South Asian Region will be arriving here on February-19 (Thursday), on a two-day visit.

A statement of the Bank issued here on Tuesday said that during his visit, Mr Patel will meet senior government officials, who will apprise him of the government's development priorities.

Patel's discussion will focus on areas critical to maintaining and increasing growth and reducing poverty in consonance with the Poverty Reduction Strategy Paper (PRSP), which was recently finalized by the country. Patel will leave for Bangladesh on conclusion of his visit.