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| EconomyOfPakistan » Industry in Pakistan » Textile |
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Textile Industry in Pakistan
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The textile industry in Pakistan is the only determinant of the economic growth of the country. This is because over the years, the nation is characterized as the single crop economy that includes cotton and textile and they contribute immensely in the Pakistan national economy. In fact, the textile industry has the major share in the GDP, exports, employment, foreign exchange earnings, investment and revenue generation of the nation.
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With the passing years, the businessmen and entrepreneurs are concentrating on units like finishing and knitting machines besides, spinning and weaving. This has considerably aided in the value addition of products. Hence, the textile industry in Pakistan boasts of being the only sector of the nation where the investment is regular and substantial. The latest introduction in the field of textile industry in Pakistan was the establishment of the 'denim' cloth producing and manufacturing units.
With the growth and advancement in the textile sector of the nation, Pakistan is looking forward for the export competitiveness of the business. It is constantly improving the marketing techniques. The nation is aiming and putting in efforts to make the each textile unit independent enough to sell its product in the international market. Moreover, the government is ensuring that the textile industrial units should apply the program called 'ISO 9001' for quality standard and 'ISO 14000' for environmental standards to combat the hazard of globalization.
Economyofpakistan.com offers you brief insight into the textile industry of Pakistan. For more information on textile, garments manufacturing, textile handicrafts, you can click on the following links:
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