Home / Knowledge / News / Textiles / Knitwear Garment Sector needs special support
Knitwear Garment Sector needs special support
04
Jun '08
Pakistan's textile industry ranks amongst the top in the world. Pakistan is world's fourth largest producer of cotton and the third largest consumer of the same.

Cotton based textiles contribute over 60% to the total exports, accounts for 46% of the total manufacturing and provide employment to 38% manufacturing labor force.

The availability of cheap labor and basic raw cotton as raw material for textile industry has played the principal role in the growth of the Cotton Textile Industry in Pakistan.

With the advent of the quota free global imperative for a rapidly developing country like Pakistan to further explore potential new markets both in its neighboring territories as well as distant ones.

In this context, Pakistan has signed a Free Trade agreement (FTA) with China. This FTA is predicted to bring around $5 billion increase in our trade volume with China which is going to consist mostly of textile related commodities.

Economic analysts have already dubbed this pact as the Cotton Road to China. In order to fully avail the concessions under the agreement the Government is strongly committed to further strengthening the textile sector in the country.

Pakistan's textile industry had proven its strength in global market during the last four decades. It has proved its strength even in post quota era (2005) by not only sustaining its position but also showing growth of 5% over 2005.

However the Garment Sector especially the Knitwear Garment Sector needs special support.


Must ReadView All

Courtesy: EVG photos from Pexels

Apparel/Garments | On 16th Aug 2018

Bangladesh ups garment export target to $32.689 bn

The Government of Bangladesh has increased the country’s readymade...

Courtesy: PR Newswire

Apparel/Garments | On 16th Aug 2018

Shoppers go to stores for thrifting experiences: Survey

Despite growth in e-commerce, shoppers still head to retail stores...

Pak ministry invests in training textile sector workers

Textiles | On 16th Aug 2018

Pak ministry invests in training textile sector workers

Pakistan’s ministry of commerce and textile industry is offering...

Interviews View All

Top executives
Textile industry

GST has levelled the playing field to an extent

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Manuele Baggini

Comec Italia Srl is a world leader in the production of printing machines. ...

Kazuaki Yazawa
Purdue University

Scientist <b>Kazuaki Yazawa</b> has developed thermoelectric semiconductor ...

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Razvan Popescu
Directa Plus SpA

Directa Plus is one of the largest producers and suppliers worldwide of...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search