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TEXTILES VITAL PART OF PAKISTAN ECONMY
TODAYS STORIES !
Textiles are the most important industry in Pakistan. It accounts for approximately 40 percent of manufacturing employment, over 60 percent of total exports, and over 30 percent of value-added production. Pakistan's textile industry, based on locally-grown cotton, produces cotton yarn, cotton cloth, and made-up textiles and apparel. Its small woolen industry uses mostly imported fibers to manufacture woolen yarn, acrylic yarn, fabrics, shawls blankets and carpets. The polyester fiber and yarn industry has also grown significantly in recent years, and meets over 80 percent of country requirements, but viscose and acrylic fibers are imported. The artificial silk and synthetic weaving industry remains largely in the unorganized sector.
Textile sector is a backbone of our country, so textile is an important sector of the country economy and Pakistan should focus on optimal utilization of its strength since it comprises 60 percent of the country exports.
The availability of cheap labor and basic cotton as raw material for textile industry has played the principal role in the growth of the cotton textile industry in Pakistan.
Cotton production at 11 million bales in 2007 as compared to 13.02 million bales of last year a decline of 2.02 million bales.
The performance of textile industry during the last 5 years have been satisfactory but in the current year increase in cotton prices, weather problem and high financial charges threat textile industry. Increase in competition from the neighbor countries can create challenges for the textile industry.
The current scenario possess challenges firstly to its globally positioning and secondly to increase market share by both increase in volume as well as increase in unit values.
The unit value can only be increase to produce value added quality. The value addition require up gradation in resource development both in manufacturing and marketing.
The focus should be on R&D development, technical innovation and product development with the goal of moving up in the global textile value chain.
Textile production is comprised of cotton ginning, cotton yarn, cotton fabric, fabric processing, home textile, towels, hosiery & Knit wear and readymade garments
DISCLAIMER
Information in this report relies on sources including Government Publications, Opinions of industry experts and other public sources. CLOTHMEN ® can accept no responsibility for the accuracy or completeness of such information or for loss or damage caused by any use thereof.
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