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The cotton and textile industries play a dominant role in exports; [14] cotton accounts for 55 percent of the country's export earnings, and Pakistan has a 14% share of the world's cloth exports. [2] The European Union (EU) granted Generalized System of Preferences "Plus" status to Pakistan in 2013, which has promoted textile exports to the EU.
Pakistan is the fourth largest cotton producer and holds the third largest spinning capacity in Asia, following China and India, contributing 5% to global spinning capacity. [4] The industry comprises 1,221 ginning units, 442 spinning units, 124 large spinning units, and 425 small units.
The U.S. GM cotton crop was 4.0 million hectares in 2011 the second largest area in the world, the Chinese GM cotton crop was third largest by area with 3.9 million hectares and Pakistan had the fourth largest GM cotton crop area of 2.6 million hectares in 2011. [75]
Cotton textile production is the single most important industry, accounting for about 19 percent of large-scale industrial employment. Cotton yarn, cotton cloth, made-up textiles, ready-made garments, and knitwear collectively accounted for nearly 60 percent of Pakistan's exports in 1999-2000.
Pakistan is the 4th largest producer of cotton with the third largest spinning capacity in Asia. It contributes 5% to the global spinning capacity. At present, there are 1,221 ginning units, 442 spinning units and 124 large spinning units in addition to 425 small units which produce textiles. Pakistan is the third largest consumer of cotton.
* Cotton production in million bales. Pakistan's principal natural resources are arable land and water. About 25% of Pakistan's total land area is under cultivation and is watered by one of the largest irrigation systems in the world. Pakistan irrigates three times more acres than Russia. Pakistan agriculture also benefits from year-round warmth.
Pakistan ranks fourth globally in cotton production, with substantial spinning capacity, making it a major exporter of textile products in Asia. [433] China is a significant buyer of Pakistani textiles, importing US$1.527 billion worth of textiles last fiscal year.
Mian Muhammad Mansha, a business tycoon and one of the richest man in Pakistan, [4] is the most famous personality in this industry. Pakistan is the 5th largest producer of cotton in the world and the 8th largest exporter of textile products in Asia. [5] [6]