Import of textile machinery in Pakistan registered an impressive growth of 66.29% in the fiscal year 2004-2005. And China and Taiwan continued to be key participants in the development of the textile industry in the country.

The potential of Pakistan's machine market has been well-taken by the Chinese business community as is evident from the fact that recently Chinese business showed keen interest in joint ventures with the textile sector in Pakistan. Exim Bank of China has in fact agreed to extend US$200 million credit to the textile industry of Pakistan for import of Chinese textile machinery.

Taiwan's exports of textile machinery to Pakistan have also seen a substantial increase in recent years. As per the estimates of TAMI (Taiwan Association of Machinery Industry), the export figures on textile machinery from Taiwan to Pakistan in the year 2002-04 placed Pakistan on the 9th position in terms of total value.