Textile Industry of Pakistan
2016-10-01 00:00:00 | Posted By Mr. Sheroz Sohail
There are many industries in Pakistan. More or less these industries are playing their role for the development in Pakistan. As Pakistan is still a developing country so every industry is contributing in the growth of Pakistan by working hard and by showing concerns for the business in Pakistan. There are industries which are raising the economic growth of the Pakistan by their efforts.
One of the largest industries that are manufacturing industry of Pakistan is the textile industry in Pakistan
. The leading exporter of the products of textile in Asia is the Pakistan which is the eighth largest exporter of the products of textile. The textile sector of the Pakistan contributes to the GDP also.
Moreover, the largest and most leading producer of the cotton is also Pakistan and Pakistan has ranked on 4th number in production of cotton. Not only has this Pakistan also had the capacity of spinning in Asia after India and China. It also contributes to the spinning capacity globally near about 5%. The current scenario is that there are around 1221 units of ginning, spinning units are 442, larger spinning units are 124 and there are 425 small units from which the textile is produced.
If we talk about the trades of Pakistan concerning textile then we will come to know that the textile comprises of fifty seven percent of the export revenues of Pakistan. Whereas, in the recent years the trade of textile have declined. The textile exporters
association of the Pakistan has requested the government of Pakistan to take initiatives and measures to confirm and ensure the growth of the exports of the textile and also sustain the employment that is provided by the textile industry of Pakistan. We can also say that the employment rate has been increasing with the passage of time due to the textile industry of Pakistan which is step towards the growth of the Pakistan.
The associations of Pakistan textile mills have the demands for the removal of the duty on the imports of the cotton and the repayment or discount on the trades of the textile.
We can measure the importance of Pakistan’s textile industry and Pakistan’s textile industry will never ever die because the back bone of the economy of Pakistan is the textile industry of Pakistan. Trade ghost.com
the largest trading hub provides potential and courage to the investors of the textile industry of Pakistan to invest more in the industry of textile in Pakistan.
Your investment counts a lot towards the growth of Pakistan. The country’s strength lies in its people’s hard work and their audacity to work for the country and its growth.
Trade ghost provides platform to the investors who are concerned for strengthening the Pakistan.