Development and Promotion Countermeasures for Export Growth of Pakistan Textile Products

Guo Hong Fu and Muhammad Asghar Khan
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Guo Hong Fu: School of Economics and Management, Panzhihua University, Panzhihua 617000, Sichuan, China
Muhammad Asghar Khan: School of Economics and Management, Panzhihua University, Panzhihua, China

Bulletin of Business and Economics (BBE), 2024, vol. 13, issue 2, 377-383

Abstract: Pakistan's textile industry is vital to GDP, employment, and exports. Pakistan is strategically located in the global textiles and apparel market due to its large production and export capabilities. This sector struggles with inconsistent product quality, market barriers, high global standards, and protectionist trade policies in wealthy nations. Addressing these issues is essential for industry growth and global competitiveness. This study identifies these challenges and proposes strategic solutions to improve export performance and global competitiveness to boost Pakistan's textile sector's economic stability and growth. A thorough mixed-methods strategy integrating qualitative and quantitative research methodologies was employed in the study. By conducting surveys by websites and literature reviews related to the industry, we were able to gather primary data. We also used secondary sources such as government reports, trade journals, and trade organizations to compile our data. We used quantitative analyses in our study to determine how spending on R&D, technology upgrades, and quality control affected export performance. We looked at energy consumption, production, waste management, and export amounts in various industries of Pakistan. Improving export performance and meeting international standards requires investments in quality control, technology upgrades, and research and development, according to the study. It also lists the obstacles to entering certain markets and suggests ways to overcome them, such as through government assistance, sustainable practices, and vocational education and training. If Pakistan's textile industry follows these suggestions, it will become more competitive internationally.

Keywords: Pakistan Textile Industry; Development Barriers; Strategic Solutions; Textile Ex (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:rfh:bbejor:v:13:y:2024:i:2:p:377-383

DOI: 10.61506/01.00341

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