Textile Industry

GROWTH TRENDS OF PAKISTAN TEXTILE INDUSTRY

A BRIEF REPORT ON TEXTILE INDUSTRY TREND DURING LAST 10 YEARS WITH REASONS & RECOMMENDATIONS

Aliya Ahmed (Senior R&D Officer)

Contents

TEXTILE INDUSTRY OF PAKISTAN .................................................................................................. 3 GROWTH TREND DURING LAST 10 YEARS.................................................................................. 4 RESAONS FOR DECLINE IN GROWTH ........................................................................................... 5 RECOMMENDATIONS ........................................................................................................................... 7

Aliya Ahmed (Senior R&D Officer)

TEXTILE INDUSTRY OF PAKISTAN

A Brief Introduction

Pakistan’s textile industry is a major contributor to the national economy in terms of exports and employment. Pakistan holds the distinction of being the world’s 4th largest producer of cotton as well as the 3rd largest consumer in the world.

TEXTILE INDUSTRY’S ECONOMIC CONTRIBUTION Exports 60% Manufacturing 46% Employment 38%

Source: Economic Survey of Pakistan

Textile sector is considered as the backbone of the economy. On the other hand, it is facing tough competition in the international market due to increase in cost of production, which is making it less competitive than the neighboring countries India, Bangladesh & China. According to Pakistan Textile Journal, Pakistan is among top 10 textile exporters of the world. Textile export of world over is about $400 billion out of which China tops the list with present export of $55 billion, followed by Hong Kong $38 billion, Korea $35 billion, Taiwan $16 billion and Indonesia, India, Bangladesh and Pakistan $11billion each. During FY 2010-2011 textile exports of Pakistan have continued to grow in the first nine months. According to the Federal Bureau of Statistics (FBS) and the Trade Development Authority of Pakistan TDAP,...