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Pakistan’s share in world exports falls

 

The textile industry in Pakistan is facing tough competition from regional competitors including Indonesia, Vietnam, Sri Lanka, Bangladesh, China and India.

The interest rate for the textile industry in Pakistan is six per cent against 7.5 per cent in Indonesia, 6.5 per cent in Vietnam, six per cent in Sri Lanka, five per cent in Bangladesh, 4.6 per cent in China and 6.75 per cent in India. There is no investment promotion scheme in Pakistan, which is a common feature of the textile industry in all competing countries.

Pakistan’s share in world textile and clothing exports was 1.6 per cent in 2014 against 2.23 per cent in 2005.

The installed capacity utilisation is 95 per cent in Vietnam, Bangladesh and China, 90 per cent in Indonesia, Sri Lanka and India but less than 70 per cent in Pakistan.

From 2011 to 2014 Indonesia registered a 0.43 billion dollar growth followed by 8 billion dollars in Vietnam, 0.75 billion dollars in Sri Lanka, six billion dollars in Bangladesh, 50 billion dollars in China and six billion dollars in India. But Pakistan showed a 0.5 billion dollar decrease.

Technology upgradation in India, China, Bangladesh and Vietnam is 100 per cent of looms with less than 10 years of age against 25 per cent in Pakistan and 22 per cent in Indonesia.

 

 
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