Tuesday, August 4, 2009

PAKISTAN: HOME OF A RESILIENT AND PROGRESSIVE TEXTILE INDUSTRY

Pakistan , the world's fourth largest producer and the third largest consumer of cotton, has 7.6% of spinning capacity in the Asian region and 5% share of the cotton yarn produced globally. The synergy of quality cotton and latest textile technology has leveraged the successful development of local textile industry in Pakistan.

The textile industry contributes over 50% to the country's total exports with textile exports worth US$ 7.21 billion and garment exports worth US$ 3.25 billion in 2008 (Jan-Dec), thereby successfully maintaining its current export volume.

Pakistan's textile industry contributes nearly 8.5% to GDP while employing 39% of the total manufacturing workforce. The industry is undertaking consistent efforts to manufacture high quality products to consolidate its position in the export markets.

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