Composite Fabric,bonded fabric,Lamination Fabric Lamination Fabric News Pakistan’s textile global market share drops to .%

Pakistan’s textile global market share drops to .%



According to a report by Pakistan’s “National” on July 14, in Pakistan’s first five-year plan from 2009 to 2014, the textile industry planned to spend 188 billion rupees (about 1.8 billi…

According to a report by Pakistan’s “National” on July 14, in Pakistan’s first five-year plan from 2009 to 2014, the textile industry planned to spend 188 billion rupees (about 1.8 billion U.S. dollars), but the actual implementation rate was only 15%, resulting in There was zero growth in textile exports and employment, and Pakistan’s global textile market share dropped from 2.2% to 1.8%. In comparison, in India’s 11th Five-Year Plan from 2007 to 2012, the textile industry planned to spend 140 billion rupees (approximately US$1.4 billion), with an actual implementation rate of 115%, export growth of 76%, and an increase of 16 million jobs. , the global market share also increased from 3.5% to 5%.
Ijaz Khokhar, Chairman of Pakistan Garment Manufacturing and Export Association (PRGMEA), said that the textile industry contributes 45% of the country’s exports and provides 34% of domestic employment, which is crucial to the national economy. At present, wages, interest rates, water, electricity and gas costs in Pakistan are higher than those in neighboring countries. He called on the government to take effective measures to reduce business costs and increase industrial competitiveness. Pakistan’s textile global market share drops to 1.8%

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