Development Of Textile Industry In Pakistan

< p > > span style= "font-size: 12px". Despite the further deepening of the energy crisis, Pakistan's "a href=" //www.sjfzxm.com/ "target=" _blank "textile" /a "export has maintained a momentum of growth over the past 5 years, reaching 13 billion 100 million US dollars in fiscal year 2012-13.

After a series of measures taken by the government, the energy crisis in the textile industry has been gradually alleviated.

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< p > industry related officials said that in the next 4 years, Pakistan's textile exports will reach 26 billion.

Amir Fayyaz, chairman of the Pakistan International Trade Commission, said, "we look forward to the authorization of GSP in January next year, and the EU market will be further opened, which will help us achieve these goals.

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< p > Pakistan's textile exports account for 1.5% of the world's total 800 billion.

After GSP is realized, the share is expected to double to 3%.

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< p > Fayyaz says these are just part of our strategy.

On the other hand, Pakistan can take advantage of this opportunity because of the high cost of production in China leading to the outward pfer of industries.

Unfortunately, Pakistan is temporarily unable to get any benefits from it.

We are negotiating with China about pferring some of its factories to Pakistan, and China has also expressed the intention of cooperation.

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< p > Fayyaz said, GSP authorized has entered the end stage.

The European Commission has completed an assessment of the technical level.

Next we will focus on how Pakistan's textile industry uses this channel to enter the EU market.

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< p > under the current EU tariff of 11%, the price of textiles in Pakistan is higher.

Pakistan exports $1 billion 700 million worth of yarn annually to Bangladesh and other countries. They make their garments and export them to the EU for added value.

Similarly, $2 billion 500 million in colorless or coloured textiles < a href= "//www.sjfzxm.com/" target= "_blank" > cloth > /a > exports to other countries are made less than a href= "//www.sjfzxm.com/" target= "_blank" > clothing "after".

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< p > data from the Pakistan Textile Association, the local spinning industry can generate 7 billion added value, and the subsequent industrial chain can generate 6 billion additional value.

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< p > the members of the Textile Association said that < a href= "//www.sjfzxm.com/news/index_p.asp" > Pakistan < /a > can produce 10 million of the jobs in the industrial chain where the textile industry has not been involved. Filling this gap will help solve poverty and ease employment and boost the overall economic situation.

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