Pakistan Is Expected To Catch Up With The Rising Cost Of China'S Apparel Industry And Become A Big Garment Producer.

Pakistan reported on May 6th that Pakistan is hopeful of catching China.

The opportunity for rising industrial costs has grown into the next major garment manufacturing nation.

According to the World Bank report, "weaving wealth - clothing industry employment, trade and development", China's clothing

When prices rise by 1%, the US demand for clothing products will increase by 2.53%.

The rising cost of China's textile industry has provided Pakistan with a golden opportunity to develop its clothing industry.

There are still many uncertainties about whether Pakistan can seize the opportunity to fill the gaps left by China.

Patchamuthu Ilangovan, the head of the world bank, said that Pakistan needs further structural reforms to solve the problems of high tariff barriers, distorting incentives and the lack of training for young people.

In addition, 19% of Pakistan's clothing industry exports are

Exports, "we export raw materials and semi-finished products, but give processing profits to other countries", Palestinian business minister Darst Jill said.

The world bank reported that women play an important role in the South Asian textile industry, for example, 71% of the textile workers in Sri Lanka are women.

But only about 5% of Pakistan's textile workers are women.

The World Bank report estimates that for every 1% increase in wages, the participation of female workers will increase by 16.3%.

In addition, the small financial coverage is also a factor affecting the development of the Palestinian clothing industry. At present, only 15%-18% families have bank accounts, and the female account ownership rate is only 3%.