According to report on Shipment of various textile machinery in 2006 published by ITMF Pakistan stood third in Asia Spinning machinery scoring shipment of 670,000 spindles. In 2006 from 89 % of shuttleless looms exported to Asia Pakistan consumed 3.5% or 2,400.

During the fist six months of 2006-07, the imports of textile machinery stood at $280.22 million compared to $417.85 million in the same period of previous year.

Initiatives by Government:

Pakistan Government is strongly supporting its one of the most important industry and taking various measures like VISION 2005 and collaboration with China to give acceleration to its textile machinery industry.The products may include ring spinning frames, for which Chinese machines are already popular in the local market, and other equipment like shuttleless looms, blow room equipment, draw frames, carding machines, dyeing and finishing machines etc for which the Chinese have acquired latest technology from the Western sources.

As quoted by Textile Minister of Pakistan, Mushtaq Ahmad Cheema Government of Pakistan has made the US$ 3 billion worth of Pakistani textile machinery market quite lucrative for the global textile machinery manufacturers by taking initiatives like concession loans for purchase of textile machines and tax benefits to foreign investors along with 100% ownership etc.

Government is also considering Zero duty on textile machinery import to modernize and upgrade its textile machineries.

Future:

Market for imported textile machinery and equipment in Pakistan is directly proportional to the overall strength of the local textile industry. Pakistan is the eight largest textile exporters from Asia. The local industry desperately requires more modern machinery to compete in an increasingly competitive industry. Therefore, the demand for more advanced (including used) equipment is expected to grow significantly.

A study carried out by the Lahore Chamber of Commerce and Industry (LCCI) committee on WTO has mentioned that the world textile trade is set to increase from the existing $350 billion to $800 billion by 2014 and Pakistan�s share in it is 2.7 percent.

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