Gul Ahmad Project
extile Industry
When we think manufacturing industry, Pakistan, it is the textile industry that immediately come to the mind that is playing an important role in term of the employment generation and value added special with strong base of raw material has started its journey from non existence in 1947 with 3000 looms that is too in the unorganized sector, with only one textile unit. It could supply only 8% of the domestic demand derived from its population 76 million people.
The industry has gone through a long way and now possesses 443 units, 8.4 million spindles and 166,000 rotors. 20,000 shuttle less looms, 200,000 power looms, 8,000 terry towel looms, 7620 canvas looms, 157,000 woolen / worsted installed spindles, 15,000 woolen looms, 12,000 knitting machines, over 600 processing units and over 2500 garments units. The textile industry at present is a passing through a transition phase. It is sailing smoothly under the protected cover of the quota system; however it has to face the rough waters of the open sea when globalization of trade is implemented under WTO agreement in 2004. three years have already gone unnoticed the fast approaching deadline sounding a note of warning for restructuring of all the segments of the cotton and textile industries on war footings to enable it to face the future challenges of fierce competitio0n amongst the low cost Asians manufacturers to capture share of their higher cost European counter –parts when the gates of the global economies are open.
Textile industry economic contribution Description | Contribution | Exports | 64% of total exports (US$ 4.9 billion) | Manufacturing | 46% of total manufacturing | Employment | 38% total employment | Investment | 31% of total investment | Market capitalization | 7% of total market capitalization | Interest | Rs. 4 billion per annum | Salaries and wages | Rs. 40 billion per annum | Contribution to research and development | Rs. 116 million per
When we think manufacturing industry, Pakistan, it is the textile industry that immediately come to the mind that is playing an important role in term of the employment generation and value added special with strong base of raw material has started its journey from non existence in 1947 with 3000 looms that is too in the unorganized sector, with only one textile unit. It could supply only 8% of the domestic demand derived from its population 76 million people.
The industry has gone through a long way and now possesses 443 units, 8.4 million spindles and 166,000 rotors. 20,000 shuttle less looms, 200,000 power looms, 8,000 terry towel looms, 7620 canvas looms, 157,000 woolen / worsted installed spindles, 15,000 woolen looms, 12,000 knitting machines, over 600 processing units and over 2500 garments units. The textile industry at present is a passing through a transition phase. It is sailing smoothly under the protected cover of the quota system; however it has to face the rough waters of the open sea when globalization of trade is implemented under WTO agreement in 2004. three years have already gone unnoticed the fast approaching deadline sounding a note of warning for restructuring of all the segments of the cotton and textile industries on war footings to enable it to face the future challenges of fierce competitio0n amongst the low cost Asians manufacturers to capture share of their higher cost European counter –parts when the gates of the global economies are open.
Textile industry economic contribution Description | Contribution | Exports | 64% of total exports (US$ 4.9 billion) | Manufacturing | 46% of total manufacturing | Employment | 38% total employment | Investment | 31% of total investment | Market capitalization | 7% of total market capitalization | Interest | Rs. 4 billion per annum | Salaries and wages | Rs. 40 billion per annum | Contribution to research and development | Rs. 116 million per