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Pakistan Textile Revival | Imran Khan Vision for Exports | Can Bangladesh Textile Industry become Global Exporter?

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A good new for Pakistan Textile sector that PM Imran Khan has decided to extricate this sector . The Pakistan economy is agriculture based economy and cotton is the main crop in this country . About 34%  of work force of Pakistan is engaged in this sector. But this industry is badly hurt by energy crisis and Pakistan internal politics . In 2010 decline of Pakistan ready made garments starts and Bangladesh wisely captured Pakistan local and Foreign in investors sector . The Pakistan economy is agriculture based economy and cotton is the main crop in this country . About 34%  of work force of Pakistan is engaged in this sector. But this industry is badly hurt by energy crisis and Pakistan internal politics . In 2010 decline of Pakistan ready made garments starts and Bangladesh wisely captured Pakistan local and Foreign in investors .
Shaikh Mohammad Shafiq, central chairman, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) in a statement said that at present total export of Bangladesh is 33 billion USD out of which textiles is 27.5 billion USD which includes 26.5 billion USD of Garments only. We feel our share has been taken by Bangladesh. We need to fight for it and bring it to our advantage. Their exports are now increasing at 3.5 billion USD / Year and expected to hit 50 billion USD / Year by 2020, and whatever they have been giving in their budget estimate in last three years is coming true.
Pakistan Textile
Now Pakistan government is paying utmost attention to increase exports and Pakistan exports mainly depends upon textile having share of 60% of total exports. PM Imran Khan vision of increasing exports and to decrease current account deficit .
The Bangal government is keen in increasing its influence in textile but Pakistan has capacity to regain its consignment ,for this there must be a 5 to 10 year plan. The Government should give loans on very low interests for new investors ,energy needs should be maximum in any stances because if a textile owner is running it's mill 24/7 he can't get profit. If we look at Bangladesh progress main thing is their European exports for this we must ask our embassies to work for it and so that our producer reach international markets.
The pace at which now our textile mills are working 100% if it continues then we can again make difference in exports.
And impact will be seen in our domestic economy.
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Comments

Karlu said…
PM Imran Khan has great vision & great leader in world.
March 7, 2020 at 6:40 AM
Hunaina laraib said…
Well said👏...Fantastic
March 7, 2020 at 10:59 PM
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