THE RISE AND FALL OF PAKISTAN'S TEXTILE INDUSTRY

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Javaria Amjad

Abstract

The textile  industry  of  Pakistan is one of the  most  vital  sectors for the economic  growth  of the country. It  is  a significant  contributor  to its  industrial  exports.  Over  the  years, this  sector  has undergone  a  rise and  fall  due to various reasons. The sector  has struggled due to high manufacturing expenses, frequent power shortages, faulty strategies and lack of support policies from the government. A worldwide  recession,  global  tension  and  quality competence  are  also  major  threats  to  the  sector.  The  textile  industry  of  Pakistan  is  also  faced  with  several challenges and opportunities like frail infrastructure, obsolete technology, adverse law and order situation and lack of investment. The main segments of this sector are clothing and garments, readymade fabrics, weaved apparels, twisting sector and chemical processing sector. Despite the fact that majority of the textile sales is done overseas to the developed countries, the sector is still way behind South Asian regional competitors and has not performed to its full potential particularly in recent years

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