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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 expert comment and analysis. A subscription provides an overview of the global fibre, textile and apparel industries. It is essential reading for senior executives in the fibre, textile and apparel industries and for anyone who is not involved in the industry, but needs to quickly gain an understanding of the key issues.
Reports in Textile Outlook International include:
country profiles providing a comprehensive guide to the textile and clothing industries in a range of countries and regions. The reports include an economic and political profile together with a comprehensive overview of the main issues, plus an outlook for the future.
company profiles giving you the opportunity to learn from strategies employed by others. Companies profiled recently include retailers, manufacturers, innovators and sourcing companies involved in textiles and apparel as well as smaller companies which illustrate the opportunities for firms which are interested in selected sourcing locations.
trends in world textile and apparel trade and production taking into account current issues facing the industry such as global fibre prices; competition from China and other low cost countries; the elimination of quotas and imposition of selective new ones; relocation of production operations; the impact of economic factors affecting trade; international trade agreements; trade promotion agreements (TPAs); and much more.
trends in EU and US imports of textiles and clothing providing comprehensive statistical data and analysis of the top ten supplying countries to the EU and US markets. These reports are updated each year and contain value and volume data as well as average prices and analyses of trends for up to 15 product categories.
innovations, technological developments, business development opportunities, individual sector analysis and political implications which affect players in the global fibre, textile and apparel industries. Some of the topics which have been covered in recent reports include: new innovations in the textile and clothing industry, such as environmentally friendly textiles, plant based fibres, and developments in textile colorants; innovations in textile machinery; and overviews of the European swimwear, hosiery and lingerie markets.
So whether you are involved in fibres, textiles or clothing in manufacturing, spinning, weaving, knitting, sewing, import/export, retailing or if you are in education or consultancy or investment or finance, a subscription to Textile Outlook International will tell you what you need to know about the key trends in the industry.
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