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Pakistan's export earnings up 8.51 per cent

Pakistan's export earnings from readymade garments during the first three quarters of this year have increased by 8.51 per cent in terms of value.The readymade garment industry has emerged as one of the important small scale industries in Pakistan as its products have a large demand both at home and abroad.

The local requirements of readymade garments are almost entirely met by this industry. The garment industry is also a good source of providing employment opportunities to a large number of people at a very low capital investment. It mainly uses locally produced raw materials.

Most of the machines used by this industry are imported or locally made and assembled.The production of garments by units depends on export orders directly or indirectly and these orders have somewhat risen in terms of value but they have fluctuated widely in terms of quantity.

Unlike Bangladesh, Pakistan grows its own cotton, produces its own yarn and manufactures its own finished fabrics. Pakistan has one of the largest textile industries in the world. Textiles account for 63 per cent of Pakistan’s exports and mills employ 20 per cent of the nation’s workforce. The industry of Pakistan has the potential for improvement in labor productivity, research and development, product diversification and branding.

 
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