文章基本信息

标题：Challenges Faced by Textile Industry of Pakistan: Suggested Solutions
本地全文：下载
作者：Walayat Shah ; Usman Ali Warraich ; Kazi Kabeer 等
期刊名称：KASBIT Business Journal
印刷版ISSN：1994-1609
电子版ISSN：2072-8018
出版年度：2012
卷号：5
页码：33-39
出版社：Khadim Ali Shah Bukhari Institute of Technology
摘要：Attempt has been made to investigate the challenges faced by the textile industry of Pakistan. A specific objective is to find out main reasons through qualitative study and suggest solution for further progress. Pakistan is largest manufacture and exporter of textile goods and the total exports earnings of textile industry of Pakistan is about $ 13.8 Billion per year. The major markets of Pakistani textile goods is United State and European markets and its exports are about more than 63% of the total exports of the country and contributes 8.5% of Gross Domestic Product (GDP). This study reveals that the textile industry is the backbone of the economy of Pakistan mainly this sector is facing great challenges from last several years. The main challenges are energy crises, fluctuating yarn prices, shortage of gas supply and load shading, law and order situation, devaluation of Pakistani currency, lack of research and development (R&D) institutions, lack of modern equipment and machinery and production cost. It is recommended that the textile sector can play a vital role for the development of the economy if challenges and barriers remove on time. Although, several challenges are uncontrollable but it can be resolved by well define policies and procedures by government institutions and textile association bodies in Pakistan.