| Market Research A to Z | Company Profiles A to Z | Register | Contact Us |
| +44 (0) 203 086 8600 Call us on |
Prospects for the Textile and Garment Industry in Pakistan, 2009 edition
Market |
Textiles and Clothing |
Report Type |
Market Research |
Country |
Pakistan |
Published |
1 November 2009 |
Number of Pages |
48 |
- |
|
Publisher |
Textiles Intelligence |
File Format |
- |
The textile and garment industry is Pakistan's most important industrial activity by far and is a crucial part of the country's economy. In the 2007/08 financial year (July 1, 2007-June 30, 2008) the industry accounted for around 8.2% of the country's gross domestic product (GDP). Also, it exported goods valued at US$10.6 bn, which represented 55% of national exports. In addition, it provided employment for 2.84 mn people, representing 40% of the manufacturing workforce. Pakistan is also the world's fourth largest cotton producer, and cotton has played a principal role in the expansion of the textile and garment industry. However, man-made fibres are playing a growing role.
The government recognises the importance of the textile and garment industry to the country's economic wellbeing and has given support in a number of ways. One measure is the Balancing, Modernisation and Replacement (BMR) programme under which finance is provided at a concessionary rate. Also, the industry is lobbying for the resumption of a scheme to support research and development. The scheme was withdrawn in 2008 because of suspicions that allocated funds were being misused.
Looking ahead, the textile and garment industry faces a number of serious issues and is operating under difficult circumstances which seem certain to persist. Foreign confidence and investment, especially compared with other Asian locations, have been undermined by the volatile political scene-as Pakistan's government has alternated unpredictably between military and civilian rule-along with continuing threats of terrorism. Trade has been adversely affected by the global economic downturn, as demand has declined in the country's major export markets, and production is often disrupted because of the unreliability and inadequacy of the country's electrical power supply system.
Above all, there is an urgent need to upgrade the industry's manufacturing equipment and organise production in order to gain the economies of scale achieved by international competitors.
Visitor Comments
|
All posts are pre-moderated and must obey the house rules. |
|
Last Viewed
Prospects for the Textile and Garment Industry in Pakistan, 2009 editionPropiconazole Production and Export in China 2008 -June 2009
Production and Market of Urea in China
Production and Market of Melamine Cyanurate in China
Production and Market of Lactic Acid in China
Become an Affiliate
Do you manage an industry specific website or blog? Are you looking to monetise your web traffic further? Are you a B2B website?
Why not offer your visitors industry specific strategic market reports and company profiles? Our Affiliate Program enables you to provide quality content on your website and to earn money from passing on visitors to our website. If a sale is made from your visitor, you earn commission (a fixed percentage of the price of a product).
Custom Research
Cannot find what you need? We can tailor a report for you. Complete the Custom Research Form and we will provide a quote.
