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Trend in textile engineering industry of Pakistan.

Publication: Economic Review
Publication Date: 01-JUL-04 		Format: Online - approximately 922 words
Delivery: Immediate Online Access

Article Excerpt
Importance of textile Industry

According to the "ECONOMIST" intelligence report of August 2003 for Pakistan the following observations have been made: Despite Government efforts to diversify exports and widen the industrial base, the industrial sector remains dominated by the Textile sector. Textile sector still represents 46% of total manufacturing and provides 68% of Pakistan's Export receipts.

The strong performance stemmed from two factors:

a Increase in import quotas especially by U.S.A, EU and TURKEY

b Textile industry has invested over US$1.5 billions in new technologies and modernization in the last 3 years. Efficiency and the innovation in textile is the only hope to get the country out of economic problems.

Present Status of Pakistan

Textile engineering sector

The Pakistan Textile Engineering Sector is underdeveloped and under utilized. Mostly it caters in the form of spares, components for...

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