Textile and Textile Products: For a long time, textile and clothing have played an important role in the economic development of the country. Its development has been the major economic objective in industrialised countries as well as the less developed countries (LDCs). Textiles and clothing, no doubt, is the largest industrial sector of Pakistan from the investment, employment and export point of view. It accounts for approximately 27 percent of total industrial output, absorbs about 38 percent of industrial labor force, and contributes around 60 percent to export earnings. However, despite its impressive contribution at the national level, the share in the world exports of textile and clothing is marginal. For clothing in particular, Pakistan’s share is negligible. Apparel export is relatively new for Pakistan. The major share of our textile exports goes to U.S.A., E.U., Canada and Japan. The U.S.A. is the largest market for our textile products. The exports to these economies are in the form of quotas (a proportional share of goods assigned to a group or to each member of a group). Japan is the only exception. In the textile industry much of the emphasis is on yarn spinning. The major portion of good quality yarn produced is exported instead of utilising large part of it for producing high value-added products like fabrics, or garments. This is an important structural weakness in our textile industry. Countries like Japan, South Korea and Hong Kong which do not grow cotton but have well-established textile industries, buy cotton yarn from Pakistan and convert it into high value added products and fetch much higher prices in the international market.
Posted on: Sat, 25 Jan 2014 10:42:41 +0000
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