Pakistan's Textile Industry Is Lagging Behind Bangladesh And India.

Although it is second to none in the world, Pakistan is Spin In terms of export earnings, the industry lagged far behind Bangladesh and India. The export volume of Bangladesh and India's textile industry reached 25 billion US dollars and 35 billion US dollars respectively due to favorable environment.

Anwar, President of the Central Bank of Pakistan, met with the Council and members of the Pakistan Textile Mills Association (APTMA) and said that a special committee would be formed to take care of the problems in the textile industry and make them feasible and competitive in the international market.

whole Pakistan Aziz, President of the textile industry association, highlighted the challenges faced by Pakistan's textile industry in his speech. He said that in the 2010-11 fiscal year, our exports reached a new high of US $14 billion. In fiscal year 2011-12, we expect export volume to reach US $16 billion, but unfortunately, our export volume has reached US $12 billion 400 million only, which has dropped 11% in terms of value and 30-32% in volume. The export volume of our neighbouring countries, India and Bangladesh, amounted to US $32 billion and US $25 billion respectively, because their government designed a favorable environment for export oriented industries and provided competitive cost for business, mainly interest rates and access to all amenities, such as water, electricity and natural gas, which are available all year round, and are affordable and affordable.

Aziz said that our regional competitors enjoyed more preferential interest rates provided by their respective governments to support the development of the textile industry, but in Pakistan, on the contrary, the discount rate reached two digits, which is an additional burden to the already ailing textile industry. If the central bank and the Ministry of finance do not rescue, offer special benefits and lower interest rates, the textile industry will soon be on the brink of collapse.

Aziz once again said that in June 2009, the total non-performing loan was 412 billion rupees, which rose to 609 billion rupees in March 2012. Bad loan ratio In less than three years, it has increased by 47%, of which the share of non-performing loans in the textile sector has reached 33%. Therefore, the government should take urgent measures, such as re planning and reorganization of the outstanding loans, to reduce the discount rate to a single digit. Otherwise, the number of non-performing loans will rise, the industry department goalkeeper will suffer bad luck, the assets will be lost, and the share of the proceeds from the export market will be captured by rival countries.