Challenges Faced by Textile Industry of Pakistan: Suggested Solutions

Walayat Shah, Usman Warraich () and Abdul Kabeer Kazi ()
Additional contact information
Walayat Shah: Indus University, Karachi

KASBIT Business Journals (KBJ), 2012, vol. 5, 33-39

Abstract: Attempt has been made to investigate the challenges faced by the textile industry of Pakistan. A specific objective is to find out main reasons through qualitative study and suggest solution for further progress. Pakistan is largest manufacture and exporter of textile goods and the total exports earnings of textile industry of Pakistan is about $ 13.8 Billion per year. The major markets of Pakistani textile goods is United State and European markets and its exports are about more than 63% of the total exports of the country and contributes 8.5% of Gross Domestic Product (GDP). This study reveals that the textile industry is the backbone of the economy of Pakistan mainly this sector is facing great challenges from last several years. The main challenges are energy crises, fluctuating yarn prices, shortage of gas supply and load shading, law and order situation, devaluation of Pakistani currency, lack of research and development (R&D) institutions, lack of modern equipment and machinery and production cost. It is recommended that the textile sector can play a vital role for the development of the economy if challenges and barriers remove on time. Although, several challenges are uncontrollable but it can be resolved by well define policies and procedures by government institutions and textile association bodies in Pakistan.

Keywords: Textile challenges; Shortfall production; Workforce; Marketing; Revenue; Pakistan (search for similar items in EconPapers)
JEL-codes: L6 L67 P23 (search for similar items in EconPapers)
Date: 2012
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://kasbit.edu.pk/KBJVol_5/5%20Walayat%20Shah%2 ... New%20Challenges.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ksb:journl:v:5:y:2012:p:33-39

Access Statistics for this article

KASBIT Business Journals (KBJ) is currently edited by Syed Karamatullah Hussainy

More articles in KASBIT Business Journals (KBJ) from Khadim Ali Shah Bukhari Institute of Technology (KASBIT) Contact information at EDIRC.
Bibliographic data for series maintained by Yasir Jaseem ( this e-mail address is bad, please contact ).