The textile sector in Pakistan.

In Pakistan, sources identified that the textiles and clothing sector has grown to be the single largest manufacturing sector. The Sector employs statistics showed, over 38 percent of the manufacturing labor force. Greater than US$5 billion of textile and garment machinery into Pakistan; has been imported in the last few years. The Textiles Sector is present, based almost completely on the private sector. Sources identified that the textile and clothing sector is the backbone of Pakistan's economy and Pakistan's role as one of the world's leading cotton producers has offered the basis for the textile and clothing sector's development.

Export Of Pakistan Textiles (US$ millions)

Details 2021-22 (Jul-Mar)

Cotton and Cotton Textiles 13890.824

Synthetic Textiles 343.591

Sub-Total Textiles 14234.415

Wool and Woolen Textiles 60.993

Total Textiles 14295.408

Pakistan`s Total Exports 23354.901

Textile as %age of Export 61.24%

Statistics also showed that our country-Pakistan on annual basis has exported textile products valued at $19.33 billion during FY2021 making a record high. Pakistan exported textile products valued at $19.33 billion during FY2021 explaining a rise of 25.53 percent when compared with $15.4 billion in the preceding fiscal year. Since last year, the rebound in exports of textiles was the outcome of a series of incentives to support exporters to meet the problems in the wake of Covid-19 and disruption in supplies. Moreover, the government of Pakistan's decision to keep businesses open during the lockdown offered an opportunity to secure orders diverted from economies under strict lockdown. For the last 5-years, the textile export data showed that volumetric textile exports are the primary driver with a double-digit increase in value-added items. Pakistan's exports of merchandise, however, entered a pessimistic growth in July 2022 after 22 months when the economy recovered from the impact of Covid-19. Statistics also showed that the export proceeds declined 5.17 percent to $2.21 billion in the first month of the current fiscal year from $2.34 billion in the same month the previous year. On a month-on-month (MoM) basis, the export proceeds tumbled by 23.95 percent showing a downward trend in the export sector. On the other hand, World Bank's Pakistan development update 2021 suggests that in order to maintain strong economic growth, experts recorded that the government of Pakistan needs to raise private investment and export greater as...