Textile Industry in Pakistan: Empirical Analysis

Maria Safdar and Muhammad Zahid Naeem
Additional contact information
Maria Safdar: Lecturer: Department of Economics, University of Sahiwal, Pakistan
Muhammad Zahid Naeem: Assistant Professor: Department of Economics, University of The Punjab, Pakistan

Journal of Policy Research (JPR), 2020, vol. 6, issue 2, 12–17

Abstract: Pakistan textile industry contributes more than 60 percent to the country’s total exports during 1990’s. However, currently this industry is facing great decline in its growth rate. The major reasons for this decline may be global recession, internal security concerns and the high cost of production due to energy crisis etc. Depreciation of Pakistani rupee that significantly raised the cost of imported inputs, high inflation rate and high cost of financing has serious impact on growth in the textile industry. In-depth study suggests that the Pakistan’s textile industry can be on winning track if government takes serious actions. Furthermore, the government should provide subsidies to the textile industry for purchasing new machinery or enhancing the quality of the existing machinery. It is suggested that with new machinery, the expenditures on (R&D) would be increased for enhancing the productivity of existing machinery.

Keywords: textile industry; exports; crisis; Pakistan (search for similar items in EconPapers)
JEL-codes: C01 O1 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://jprpk.com/index.php/jpr/article/view/53/80 (application/pdf)
https://jprpk.com/index.php/jpr/article/view/53 (text/html)

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:rfh:jprjor:v:6:y:2020:i:2:p:12-17

Access Statistics for this article

Journal of Policy Research (JPR) is currently edited by Dr. Muhammad Irfan Chani

More articles in Journal of Policy Research (JPR) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().