• Web
  • Humsa
  • Videos
  • Forum
  • Q2A
rabia shakeel : meri dua hai K is bar imran khan app is mulk k hukmaran hun To: suman(sialkot) 5 years ago
maqsood : hi how r u. To: hamza(lahore) 5 years ago
alisyed : hi frinds 5 years ago
nasir : hi To: wajahat(karachi) 5 years ago
khadam hussain : aslamoalikum pakistan zinsabad To: facebook friends(all pakistan) 5 years ago
Asif Ali : Asalaam O Aliakum . To: Khurshed Ahmed(Kashmore) 6 years ago
khurshedahmed : are you fine To: afaque(kashmore) 6 years ago
mannan : i love all To: nain(arifwala) 6 years ago
Ubaid Raza : kya haal hai janab. To: Raza(Wah) 6 years ago
qaisa manzoor : jnab AoA to all 6 years ago
Atif : Pakistan Zinda bad To: Shehnaz(BAHAWALPUR) 6 years ago
khalid : kia website hai jahan per sab kuch To: sidra(wazraabad) 6 years ago
Waqas Hashmi : Hi Its Me Waqas Hashmi F4m Matli This Website Is Owsome And Kois Shak Nahi Humsa Jaise Koi Nahi To: Mansoor Baloch(Matli) 6 years ago
Gul faraz : this is very good web site where all those channels are avaiable which are not on other sites.Realy good. I want to do i..... 6 years ago
shahid bashir : Mein aap sab kay liye dua'go hon. 6 years ago
mansoor ahmad : very good streming 6 years ago
Dr.Hassan : WISH YOU HAPPY HEALTHY LIFE To: atif(karachi) 6 years ago
ishtiaque ahmed : best channel humsa live tv To: umair ahmed(k.g.muhammad) 6 years ago
Rizwan : Best Streaming Of Live Channels. Good Work Site Admin 6 years ago
Anatomy of an indispensable sector: Why the Pakistan textile industry cannot die
Source: Tribune | 18-03-2013

The textile sector enjoys a pivotal position in the exports of Pakistan. The contribution of this industry to total gross domestic product (GDP) is 8.5%. It provides employment to about 15 million people, 30% of the country’s workforce of about 49 million. The annual volume of total world textile trade is $18 trillion which is growing at 2.5%. But Pakistan’s share is less than one per cent.

The past few years, however, have probably been the worst ever for the textile sector in Pakistan. Some of it is obviously not their fault, but some of it is. For example the power crisis, the security situation and the lack of access to global markets has certainly had an effect on the ability of the industry to compete.

However, a lot of it is definitely the fault of the textile industry which for the most part has failed to use the decades of protectionism to its advantage and invest in value addition, in innovation and in improving technology to ensure that they move higher in the value-added chain.For example our total exports of ready-made garments, which sit at the top of the value-added chain is just about a billion dollars or less than 10% of our total textile exports.

The country has almost zero share of branded and high-value fashion and sportswear textile in global markets, despite huge public demand for such products in Europe and the US, which is being fulfilled by our South Asian competitors, including India, China and Bangladesh. Pakistan’s total exports in this sector are barely $50 millionPakistan gets about $10.2 billion of its $12.5 billion textile export revenue from 20 countries. However, it accounts for merely 5.7% of the total textile imports of these 20 countries.

China is the second largest buyer of Pakistani textiles, importing $1.527 billion of textiles last fiscal. Unlike US where mostly value added textiles are imported, China buys only cotton yarn and cotton fabric from Pakistan.And the Chinese appetite for yarn is about to go up, exponentially. China’s aggressive cotton stockpiling policy has pushed up domestic prices, forcing the world’s largest textile industry to boost imports of yarn by as much as a third in 2013, while production moves to southeast Asia, drawn by lower costs there.

Beijing’s stockpiling moves, launched in 2011 and designed to support farmers, have held domestic cotton prices about 40% above world levels as the country has built a reserve that traders estimate to stand at about 10 million tons.Chinese textile mills are turning to neighbours such as India and Pakistan to buy cotton yarn.

China’s cotton yarn imports from September to November 2012 rose 56% year-on-year to 409,877 tons. Imports over the year to August 2012 were 1.3m tons for an annual increase of 43%, according to official customs data published by industry website cncotton.com. But traders say the actual figure could be more than twice that, if the official data is combined with cargoes imported through border trade with Vietnam.

China is expected to issue extra cotton import quotas to textile mills in April after purchases for the government’s stockpile cut domestic supplies.The market expects Beijing to allocate as much as 800,000 tons of import quotas, most of which will be issued to textile mills that export their products. That will add to 894,000 tons of low-tariff quotas issued earlier this year.

So what does that leave Pakistan with? Frankly speaking, it leaves us with lots and lots of untapped potential. Pakistan already exports about 70% of its total yarn exports to China and Hong Kong. So if demand jumps 50% or more, the impact on Pakistan yarn exports can be huge, which coupled with falling local demand could be a lifeline for a large sector of our industry.

Pakistani textile products accounted for a meagre 3.3% or $1.07b of total UK’s textile imports in previous fiscal
Pakistan’s textile exports accounted for 12.4% or $4.61b of total Chinese textile imports in fiscal 2012
Pakistan accounted for just 2.98% or $2.98b of total US’s textile imports in the fiscal year 2011-12
Pakistani textile products accounted for a paltry 1.6% or $0.88b of total German textile imports in the fiscal year 2011-12
Pakistani textile products accounted for 0.7% or $0.888b of total Indian textile imports in fiscal 2012 


Related News
Source: Tribune | 14-02-2013
Coal-fired power plant: Govt’s about-turn paves way for $900m ADB loan Giving in to the pressure from an international lender, the government has reversed its decision on consuming domestic coal for power generation as the Council of Common Interests has approved using a blend of imported and Thar coal in power plants. The move will pave the way for an early sanction of a $900 million loan by the Asian Development Bank that ..... Read more
Source: Geo News | 27-12-2013
 Tokyo shares open higher Tokyo shares opened higher Friday, as Wall Street continued to rally on strong US data, while a weaker yen provided a further boost to the Japanese market. The headline Nikkei index rose 0.11 percent, or 18.26 points, to 16,192.70 shortly after the opening bell. Read more
Source: Tribune | 04-03-2013
Employer ranking survey: Telenor Pakistan considered favourite employer Telenor Pakistan may be at the top of the ROZEE.PK Top Employer Rankings 2012, but what exactly makes it most popular among the 9,068 respondents who took the survey? Is it its better work environment or the high prospect of growth it offers that makes the telecom company a favourite among survey respondents? Well, the answer is neither. It is actually th..... Read more
Latest News
Source: Dunya News | 06-05-2014
Source: Dunya News | 06-05-2014
Source: Dunya News | 05-05-2014
Source: Dunya News | 05-05-2014