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The Pakistan Textile Exporters Association recently requested the government to take significant measures to ensure the growth of textile exports and sustain the employment provided by the sector. Specifically, the PTEA has requested: [11] Zero rating on export value chain (i.e. no tax, no refund) to boost export growth; Subsidize a decrease in ...
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 43rd largest in terms of nominal GDP. With a population of 254.4 million people as of 2024, Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according ...
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. [9]
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. Pakistan is the 5th largest producer of cotton in the world and the 8th largest exporter of textile ...
Pakistan's industrial sector (in FY21) accounts for 28.11% of the GDP. Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%. The majority of industry is made up of textile units, with textiles contributing $15.4b to exports, making up 56% of total exports.
[22] [23] During the PTI period, Pakistan's total debt and liabilities increased by 80% while during three quarters of Fiscal Year 2021-22 the trade deficit rose 70% to $35.4 billion. [24] Due to high oil prices in the international market, Pakistan's oil import bill increased by 95.9% to $17.03 billion in the last ten-months of the PTI ...
The Trade Development Authority of Pakistan (TDAP) (Urdu: مقتدرہ ترقی تجارت پاکستان), is an organisation under the Ministry of Commerce and Textile Industry of the Government of Pakistan. It facilitates and promotes international trade of Pakistan. The current Chief Executive of TDAP is Mr. Muhammad Zubair Motiwala. [1] [2]
The Pakistan Textile Journal (Urdu: ٹیکسٹاہل جرنل پاکستان) is an English-language magazine. It is the leading monthly magazine for the textile industry of Pakistan that provides valuable insight on the local and international textile affairs. The magazine is issued on a monthly basis and consists of an in depth analysis of ...