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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.
In recent years, Pakistan has faced competition from regional players including Bangladesh, India and Vietnam. In the past decade, Pakistan's share in global textile market decreased to 1.7 percent from 2.2 percent, Bangladesh saw an increase from 1.9 to 3.3 percent and India from 3.4 to 4.7 percent. Barriers to growth include:
While Pima cotton is often grown in the American southwest, [98] the Pima name is now used by cotton-producing nations such as Peru, Australia and Israel. [99] Not all products bearing the Pima name are made with the finest cotton: American-grown ELS Pima cotton is trademarked as Supima cotton. [100] "Kasturi" cotton is a brand-building ...
Pakistan, which had almost no large industrial units at the time of partition in 1947, now has a fairly broad industrial base, and manufacturing accounts for about 17 percent of GDP. Cotton textile production is the single most important industry, accounting for about 19 percent of large-scale industrial employment.
Out of these, leather and various kinds of wood are abundantly available in Pakistan. The industry annually utilises materials worth Rs. 8 billion including imported raw material. Exports This industry is one of the major foreign exchange earners for Pakistan and is, therefore, receiving full government backing in its development.
It is the largest cotton trading exchange in Pakistan. History. Founded in 1933, it is the oldest commodity exchange in Pakistan. [2] Building. The ...
A Pakistani rug (Urdu: پاکستانی قالین, romanized: Pakistani Qaleen), also known as Pakistani carpet (Urdu: پاکستانی فرش, romanized: Pakistani Farsh), is a type of handmade floor-covering heavy textile traditionally made in Pakistan and is used for a wide variety of utilitarian and symbolic purposes.
APTMA represents over 400 textile mills in Pakistan. [2] The textile industry is Pakistan's largest industry and textile is the most important export of Pakistan. [3] Mian Muhammad Mansha, a business tycoon and one of the richest man in Pakistan, [4] is the most famous personality in this industry.