The textile industry plays an important role in the emerging economies of countries such as Pakistan and Bangladesh. This sector was one of the first few sectors to go through industrialization and today is one of the most important economic sectors in Pakistan and Bangladesh, with technology usage for textile growth being one of the main reasons. Pakistan is the 8th largest textile exporter in Asia, the 4th largest producer of cotton and the 3rd largest buyer of cotton. Pakistan’s textile industry accounts for over 60% of the country’s total exports. It is about 46% of the country’s total production.…
Author: Amir Mustafa and Muhammad Anas Javaid
Textile industries play important role in developing economies of countries such as Pakistan and Bangladesh. This sector was amongst the first few sectors to go through the industrialization process, and today it is one of Pakistan and Bangladesh most important economic sectors. Pakistan is the land of many textile industries, around more than 400 spinning units, 124 large spinning units and more than 1,200 ginning units. The textile industry in Pakistan is one of the most high-priority sector responsible for the economic growth of the country. It is a vital contributor to the country’s industrial export. The market segments of…