"It is one of the mega projects of the country which is being set up with public-private collaboration and with an estimated initial cost of Rs1.5 billion.
It will spread over a covered area of 1250 acres," he said while talking to media men after presiding over a meeting in this regard.
"The project is very important for enhancing countrys textile exports," he added.
The minister further detailed that the Textile City will have 800 plots covering all ancillary units of the textile industry.
He said that the Textile City will have 250MW electric supply and will have 20 million gallon of water supply per day.
"The ECNEC (Executive Committee of National Economic Council) will hopefully give its approval next week in this regard," he added.
The minister said that all efforts were being made to provide all the facilities for the establishment of Textile City.
CEO of Textile City, Zaheer Khan informed the meeting that the vision was to operate a world class industrial zone dedicated to value-added textiles and project Pakistan as a textile hub.
Moreover, he said that the City will be managed by highly professional team.
The city will have one window operation, utility supply, treatment plant, and other facilities, Zaheer Khan added.