The textile industry is one of the most important sectors of Pakistan. It contributes significantly to the country’s GAP, exports as well as employment. It is, in fact, the backbone of the Pakistani economy. Establishment I want to do this! What’s This? [pick]Pakistan is the fourth largest cotton producer in the world. Because of its plentiful, indigenous cotton supply, the textile industry is central to the Pakistani economy and Is both a source of employment and a source of exports. Pakistanis industrialization began In the sass with the textile Industry at Its center.
Today, textiles account for 38 percent of total manufacturing and 8 percent of GAP_ The textile industry employs almost 40 percent of the industrial workforce. Despite the critical role textiles play in the economy, most textile manufacturers are cottage or small-scale industries. Pakistan relies on outside engineering and manufacturing expertise and must purchase most of its equipment abroad. Recognizing the importance of the textile Industry to the nation’s economy, the Pakistani government began taking steps In 2005 to rebuild the competitiveness of this critical Industry. Capacity
The textile industry of Pakistan has a total established spinning capacity of 1 550 million kegs of yarn, weaving capacity of 4368 million square meters of fabric and finishing capacity of 4000 million square meters. The industry has a production capacity of 670 million units of garments, 400 million units of knitwear and 53 million kegs of towels. The industry has a total of 1221 units engaged In ginning and 442 units engaged In spinning. There are around 124 large units that undertake weaving and 425 small units. There are around 20600 power looms in operation in the industry.
The industry also houses around 10 large finishing units and 625 small units. The Pakistani textile industry depends on domestic agriculture to supply its raw materials, thus the success of the cotton crop is critical to the health of the textile industry. Cotton accounts for 14 percent of land under cultivation in Pakistan. Pakistan has suffered from a number of cotton failures over the years, beginning in the early sass. These crop failures drove up the price of cotton, and this coupled with a market recession and tightened finance regulations led to a weakened textile industry.
Exports Cotton and yarn are Pakistanis primary textile exports. The textile industry accounts for over 60 percent of Pakistanis total exports. The All Pakistan Textile Mills Association is the organization that regulates the industry, which is currently facing a number of challenges, including the need to improve quality. According to recent figures, the Pakistan textile industry contributes more than 60% to the country’s total exports, which amounts to around 5. 2 billion US dollars. The industry contributes around 46% to the total output produced in the country.