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Textile Industry In Pakistan Essay

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Pakistan Textile Industry
Pakistan Textile Industry is the largest manufacturing industry in Pakistan, contributing 8.5% to the GDP. It is a major contributor to the national economy in terms of exports (generates about 56 % of the total exports) and employment (provides employment to about 40 % of the industrial labor force). Pakistan holds the distinction of being the 4th largest producer of cotton worldwide, 8th largest exporter of textile products in Asia with the third largest spinning capacity in Asia by contributing 5% to the global spinning capacity after China and India. Textile industry sector in Pakistan includes 1,221 ginning units, 442 spinning units, 124 large spinning units and 425 small units which produce textile products, the chain also include - finishing, made ups, garments, towel and hosieries.
The Textile Industry is dominated by Punjab. The archaeological surveys and studies have found that the people of Harappa civilization knew weaving and the spinning of cotton four thousand years ago. Punjab has a significant share in the textile and garment sector as …show more content…

There has been increase in production and supply of textile products in last few decades globally, mainly due to rapidly changing social and economic structure of the countries worldwide. In past few years, especially after the removal of trade related tariffs and non-tariff barriers in 2005, Asian countries such as China, Pakistan, India, Bangladesh, Hong Kong and Japan have emerged as major players in textile industry, mainly due to their changes on economic front and infrastructure developments. Given the lower supplier concentration in the Pakistan’s textile industry, evident by the existence of over 1,200 ginning factories, 11 471 spinning units and 50 composite units, indicate a weak bargaining power of supplier. Moreover, owing to prevailing energy issues and higher cost of doing business in

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