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Prospects for the textile and clothing industry in Pakistan, May 2015
published in Issue 174, May 2015
The textile and clothing industry in Pakistan constitutes the country's most important industrial activity by far and fulfils a crucial economic role. The industry is a major source of employment and is a major contributor to Pakistan's gross domestic product (GDP), exports and foreign exchange earnings. The industry is diverse and broadly based but most of its focus is directed towards the production and processing of products made from cotton. The industry has experienced a significant number of setbacks over recent decades – mainly as a result of political unrest and economic difficulties. It has operated with inefficient units, antiquated manufacturing machinery and disruptions to its energy supplies, which have had a particularly adverse effect on its output. Also, the industry faces an increasing number of competitive threats from the textile and clothing industries in other Asian countries. On the positive side, however, the industry stands to benefit from duty-free access to European markets following the granting of GSP+ status by the EU. In recognition of the urgent need to update the industry, the Pakistani government has given support to the Balancing, Modernisation and Replacement (BMR) programme, through which obsolete machinery is being replaced with the latest manufacturing equipment. Also, in a document entitled Textiles Policy 2014-19, the Ministry of Textile Industry has outlined a number of key objectives for the five years to the end of the 2018/19 financial year including substantial new investment, an emphasis on products with higher added value, and a new focus on developing a skilled workforce. Furthermore, the Pakistani government is developing incentives to attract foreign direct investment (FDI) to the textile and clothing industry in Pakistan.
Six times a year, Textile Outlook International provides up to 200 pages of intelligence, expert analysis and insight on the global textile and clothing industry.
What's in it? Each issue provides an authoritative source of information on key industry topics, including: circularity; cotton; environmental sustainability; fibre prices; innovation; production and consumption forecasts; imports and exports; industry giants and emerging brands; international trade fairs; key geographical markets; recommerce; retail; supply chains; textile and clothing trade; textile machinery; trade and production trends; world markets; and yarn and fabric manufacturing.
A single issue of Textile Outlook International includes:
an editorial think-piece on a topical issue from an industry expert a report on textile and apparel trade and production trends a round-up of the latest international trade fairs a feature on textile and clothing imports and exports or fibre prices, production and consumption a report on a key geographical marketinsight and analysis of a key market leader or fast-growing start-up
An annual subscription to Textile Outlook International is a cost-effective way to keep informed about trends and developments in the global textile and clothing industry. Subscriptions are available in printed and/or digital formats. Printed and digital subscribers receive each issue in printed format in addition to a digital PDF file, which is available immediately on publication.
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