Pakistan Will Increase Textile Exports In 10 Years

< p > Pakistan is a beneficiary of the positive trend of the international a href= "http://www.91se91.com/news/index_c.asp" textile market < /a >, Yaxin said, President of the Pakistan textile factory Association (APTMA), at a news conference on Monday.

< /p >

< p > Siddiq said: "compared with most low-cost textile producing countries, Pakistan has a competitive advantage. Pakistan is close to the European Union's GSP plus (GSP+) status and will gain huge market access.

Because of these positive trends, the Pakistan Textile Mills Association decided to announce to prime minister Nawaz Sheriff that the export volume of textiles will increase to US $40 billion in 10 years.

< /p >

< p > in the next three years, the textile industry of < a href= "http://www.91se91.com/news/index_p.asp" > Pakistan < /a > is in a good position and can raise its export volume to 26 billion US dollars. Siddiq said that the Ministry of textile industry wants any subsidy, but only requires electricity supply.

The decision of the association also marks the promotion of investment, which is urgently needed.

< /p >

"The textile industry has the potential to bring the country out of the economic crisis," said ghaar al jarzi, group leader of the Pakistan Textile Mills Association, P.

The textile industry is on the rise, but suddenly announcing the suspension of natural gas supply to entrepreneurs has created an obstacle to the current natural gas supply level since the economic fate.

< /p >

< p > Agaz added that if the textile industry can not achieve continuous operation, then the export target of US $3 billion can not be realized.

< /p >

< p > in addition, Tanvir, President of the Pakistan Textile Industry Association Punjab branch, is optimistic that the leaders of the Pakistan textile mill association can convince Punjab's chief minister and Minister of petroleum to ensure that the textile industry supplies at least 100 million legislative feet / days of natural gas.

< /p >

Amir, Fayyad Sheikh, leader of the Pakistan Textile Industry Association's International Trade Commission, said that it had a huge textile base and could get domestic cotton and labor, but Pakistan did not perform well because of various negative factors.

The international textile industry has the potential to increase exports, cotton production, added value and employment.

< /p >

< p > related links: < /p >

After the release of the EU P resolution, Pakistan's industry clapped and thought that after the GSP gained its position, the overall export of Pakistan's textile and garment industry was expected to increase by nearly US $700 million ~10 billion, creating about 1 million new employment opportunities in Pakistan, promoting the development of the textile industry and improving the national economy.

< /p >

< p > > a href= "http://www.91se91.com/news/index_c.asp" > textile industry < /a > is the pillar industry of Pakistan's exports, accounting for 55% of its total exports and providing 39% of industrial jobs.

In the past 20 years, the Palestinian government rarely invested heavily in infrastructure development, resulting in backward infrastructure.

Since 2008, the economic growth in Pakistan has slowed down. The funds for public sector development projects for infrastructure construction are seriously insufficient, and the dependence on foreign aid and loans is relatively high.

Therefore, in recent years, few foreign traders have heard about investment in Pakistan.

Despite the recent economic growth in Pakistan, its absolute size is relatively small compared with other countries, and its economic operation is not stable and implies certain variables.

In addition, due to the lack of skilled labor skills, low labor productivity and low competitiveness, it has a negative impact on the country's textile industry.

< /p >

< p > especially attention should be paid to the shortage of natural gas, electricity and water resources in Pakistan.

In recent years, the supply of natural gas in textile factories in Punjab has been sharply reduced, from 302 days in 2008 to 114 days in 2013.

In some factories, blackouts are also a common occurrence. Quite a few textile enterprises use their own gas or fuel to generate electricity, which greatly increases the cost burden.

Constrained by tight energy resources, even if factories can get large quantities of orders, the production capacity can not be released normally, which may eventually lead to prolonged delivery and affect the credibility of enterprises.

< /p >