Prospects for the textile and clothing industry in Pakistan, 2022
Description
Prospects for the textile and clothing industry in Pakistan, 2022
The textile and clothing industry in Pakistan is of major importance for the country’s economy. Textile and clothing exports account for over 61% of Pakistan's total exports and the industry provides direct employment for about 40% of the country’s total industrial workforce. The industry also provides support for over 10 mn farming families, reflecting Pakistan’s status as a major producer of raw cotton. On the downside, the industry has had to grapple with chronic power shortages and turmoil stemming from volatile political circumstances, and the quality of Pakistani cotton--its main raw material--has been lowered through bad practices. Also, investment in the industry has fallen. But on the positive side, the country has an abundant supply of low cost labour, and the textile and clothing industry benefits from duty-free access to the EU import market under the Generalised Scheme of Preferences (GSP) GSP+ arrangement. Also, the government places particular emphasis on attracting foreign investment and modernising existing production facilities. Furthermore, in a policy document entitled Textile Policy 2020-25, the Ministry of Textile Industry outlines a number of key objectives for the five years to the end of the 2024/25 financial year--including becoming more competitive in the international marketplace and stepping up exports. This report looks at the development of the textile and clothing industry in Pakistan, its size and structure, and its production and consumption of textiles and clothing. The report also features: a geographical, political and economic profile; a detailed look at Pakistan’s imports and exports of textiles and clothing; a review of the policies and investment incentives provided by the Pakistani government; an appraisal of Pakistan’s infrastructure and human resources; and an examination of the industry’s strengths, weaknesses, opportunities and threats (SWOT).
The textile and clothing industry in Pakistan is of major importance for the country’s economy. Textile and clothing exports account for over 61% of Pakistan's total exports and the industry provides direct employment for about 40% of the country’s total industrial workforce. The industry also provides support for over 10 mn farming families, reflecting Pakistan’s status as a major producer of raw cotton. On the downside, the industry has had to grapple with chronic power shortages and turmoil stemming from volatile political circumstances, and the quality of Pakistani cotton--its main raw material--has been lowered through bad practices. Also, investment in the industry has fallen. But on the positive side, the country has an abundant supply of low cost labour, and the textile and clothing industry benefits from duty-free access to the EU import market under the Generalised Scheme of Preferences (GSP) GSP+ arrangement. Also, the government places particular emphasis on attracting foreign investment and modernising existing production facilities. Furthermore, in a policy document entitled Textile Policy 2020-25, the Ministry of Textile Industry outlines a number of key objectives for the five years to the end of the 2024/25 financial year--including becoming more competitive in the international marketplace and stepping up exports. This report looks at the development of the textile and clothing industry in Pakistan, its size and structure, and its production and consumption of textiles and clothing. The report also features: a geographical, political and economic profile; a detailed look at Pakistan’s imports and exports of textiles and clothing; a review of the policies and investment incentives provided by the Pakistani government; an appraisal of Pakistan’s infrastructure and human resources; and an examination of the industry’s strengths, weaknesses, opportunities and threats (SWOT).
Table of Contents
49 Pages
- SUMMARY
- IMPORTANCE OF THE TEXTILE AND CLOTHING INDUSTRY TO THE ECONOMY OF PAKISTAN
- BALANCING, MODERNISATION AND REPLACEMENT (BMR) PROGRAMME
- GEOGRAPHICAL PROFILE
- POLITICAL PROFILE
- ECONOMIC PROFILE
- TRANSPORTATION
- TELECOMMUNICATIONS
- PAKISTAN: HUMAN RESOURCES
- FIBRE PRODUCTION
- SPINNING
- WEAVING
- KNITTING
- TEXTILE PROCESSING
- CLOTHING MANUFACTURE
- COTTON PRODUCTION
- FIBRE CONSUMPTION
- YARN PRODUCTION
- FABRIC PRODUCTION
- Pakistan: textile and clothing exports, 2015/16-2020/21 (US$ mn)
- Pakistan: textile and clothing exports by fibre type, 2015/16-2020/21 (US$ mn)
- Pakistan: exports of raw cotton, cotton yarn and cotton fabric by value and volume, 2015/16-2020/21
- Pakistan: exports of denim fabric, 2015-20 (US$ mn)
- Pakistan: exports of towels and bedwear, 2015-20 (US$ mn)
- Pakistan: exports of cotton yarn by leading destination, 2015-20 (US$ mn)
- Pakistan: exports of cotton fabric by leading destination, 2015-20 (US$ mn)
- Pakistan: exports of denim fabric by leading destination, 2015-20 (US$ mn)
- Pakistan: exports of ready-made garments by leading destination, 2015-20 (US$ mn)
- Pakistan: exports of knitwear by leading destination, 2015-20 (US$ mn)
- Pakistan: exports of towels by leading destination, 2015-20 (US$ mn)
- Pakistan: exports of bedwear by leading destination, 2015-20 (US$ mn)
- Pakistan: textile and clothing imports by product, by value and volume, 2017/18-2020/21
- Pakistan: imports of textile machinery, 2014/15-2020/21
- Pakistan: foreign direct investment (FDI) in the textile and clothing sector, 2010/11-2020/21 (US$ mn)
- GOVERNMENT POLICIES
- INVESTMENT INCENTIVES
- INVESTMENT PROTECTION
- STRENGTHS
- WEAKNESSES
- OPPORTUNITIES
- THREATS
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