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The Textile Industry In Pakistan

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TEXTILE INDUSTRY
One of the most largest manufacturing industry of Pakistan is the textile industry in Pakistan. After employment textile industry, has traditionally that one industry after agriculture which creates largest number of employment for skilled and unskilled labors. So the textile industry comes under the second largest employment producing sectors in Pakistan. It is the eighth largest exporter in Asia of textile products. It provides employment to almost 15 million people and 30% of the workforce of Pakistan and it contributes in GPA of Pakistan to 8.5%. After China and India, Pakistan has the third largest spinning capacity and contributes about 5% of the total spinning capacity of the world and the fourth largest …show more content…

There is increase in cotton-bales in 1947 from 1.1 million 10 million bales by 2000. Mills increased to 66 from 3 and similarly from 177000 to 805000 million spindles increased. The finishing units and looms also increased but not by the same amount or proportion. This contributes to 50% of the total employment to labor force and earns 65% of foreign exchange from the total exports. The experts of the Pakistan’s textile industry feels that the country has pretty large textile industry in size and the machines (60-70%) need immediate replacement for the super, fine, quality and economic production of products for competing in a highly competitive market. But unfortunately, there were no facilities in textile machinery for manufacturing of balancing modernization and replacement in the mills which became the matter to think about the joint ventures so that it becomes possible with the China and Italy for the production of complete spinning and with Korea, Taiwan and Italy the production of shuttle less looms …show more content…

It is the major and most important source of employment and earning in export. This helps in adding the value to the manufacturing sector of the economy of Pakistan. During the period of six years (1993 and 1998), the production of yarns in terms of quantity showed a rapid growth rate of 405% in India and 302% in Bangladesh. On the other side Pakistan showed a growth rate of 101% per annum in the production of yarn. Pakistan ranked third after China and India in the production of yarn (global) during the period of these same six years. Taiwan, India and the republic of Korea showed annual increase of 18.1%, 27.7% and 5.4% respectively in exports during the years of 1993 to 1998 whereas the Pakistan showed the growth ( negative ) of 4.8%. Till the year 1997, Pakistan was the world’s largest yarn exporter followed by the India which one of the largest development. However India has taken the first position in 1998, leaving Pakistan behind at number 2 in the case of production of cotton cloth, large number of countries in Asia have been introducing themselves and emerging in the global market to compete with Pakistan. These countries include India, Taiwan, Thailand, Bangladesh, Indonesia, Turkey, Iran and Sri Lanka. In the table 1 it is given about the latest date on the overall performance of export of Pakistan which is comported with the regional countries: all the above mentioned content in the context of

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