Many Pakistan Textile Mills Moved To Bangladesh.
In the face of the long-term energy crisis, many textile manufacturers located in Pakistan's national textile hub voted for energy crisis, while they are moving manufacturing plants to Bangladesh.
Bangladesh offers a lot of incentives, including no power cuts.
Electricity price
Less than Pakistan, the first ten years of tax exemption, tariff free access to the EU market.
These incentives have convinced many businessmen in Pakistan to invest heavily in Bangladesh.
For example, Tauseef enterprise owner Salamat Ali has invested 300 million rupees and built a textile factory in Bangladesh.
Other enterprises, such as K&M textile, are also investing in Bangladesh.
The industry said that in addition to cheaper and more reliable electricity prices, Bangladesh's labor costs are also lower and more efficient.
Bangladesh's per capita income is about half of Pakistan's 1250 dollars.
Bangladesh often has more profit margins than Pakistan.
Exporter
About 30% higher.
Another great attraction of Bangladesh is that it can export tariffs to major markets, such as the United States and the European Union.
Bangladesh is listed as "least developed country", so developed countries give Bangladesh special tariff free access as an indirect form of assistance.
Bangladesh's electricity price is about 35% cheaper, which is also one of the factors that attract Pakistan companies.
Bangladesh's textile industry has an important influence on the global map. Therefore, international buyers have set up offices in Bangladesh, forcing many Pakistan manufacturers to travel to Dhaka to secure orders for markets around the world.
Pakistan insiders say exporters and
Manufacturer
The government is really disappointed with the government's solution to the difficulties in the textile industry. The government should not think about building new provinces, but should focus on improving the competitiveness of the country.
Otherwise, they say, their textile industry will go to Bangladesh.
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