Performance of Textile Sector of Pakistan
Department of Economics
University of Karachi
“Performance of Textile Sector”
Submitted by:
Muhammad Usama Abbasi
Seat no: EP0805056
Submitted to:
Dr. Abdul Waheed
27 September 2011
Acknowledgement
By the grace of Almighty Allah, I become able to prepare research on Pakistan’s textile industry which will help to rectify some crises in this sector.
I would also indebted to my friends and family, by whom motivation and guidelines, I become able to complete this research.
I have prepare my project with full consideration and high efforts. However “To Err is human”, and criticism is necessary for better work. I would appreciate those who identify my mistakes and make comments on my project for betterment.
Thanks
With best regards
M.Usama Abbasi
Author of Project
Dedication I dedicate this to my Beloved Parent for all their love & attention which has made it possible for me to make it up to this point and as well as my professor Dr. Abdul Waheed, who bestowed me with the courage by his unmatchable style and by best possible teaching.
Abstract
The purpose of this report is to identify and analyze issues and problems which is being faced by Pakistan in the area of textile sector of the economy. The report focuses on the challenges faced by the country in implementing its WTO commitments and the challenges faced during energy crises in country and challenges during global financial crises. Apart from suggestion on how to deal with the internal challenges, the report also take into account what kind of strategy and action Pakistan should adopt to strengthen this Sector which is also a backbone of Pakistan economy. Statistics, facts and figures were collected from economic survey, statistic division of Pakistan along with WTO statistics in textile oriented import and exports of Pakistan to analyze problems and issues in textile industry of Pakistan.
During analysis I found that the major threat to Pakistan’s textile sector are
University of Karachi
“Performance of Textile Sector”
Submitted by:
Muhammad Usama Abbasi
Seat no: EP0805056
Submitted to:
Dr. Abdul Waheed
27 September 2011
Acknowledgement
By the grace of Almighty Allah, I become able to prepare research on Pakistan’s textile industry which will help to rectify some crises in this sector.
I would also indebted to my friends and family, by whom motivation and guidelines, I become able to complete this research.
I have prepare my project with full consideration and high efforts. However “To Err is human”, and criticism is necessary for better work. I would appreciate those who identify my mistakes and make comments on my project for betterment.
Thanks
With best regards
M.Usama Abbasi
Author of Project
Dedication I dedicate this to my Beloved Parent for all their love & attention which has made it possible for me to make it up to this point and as well as my professor Dr. Abdul Waheed, who bestowed me with the courage by his unmatchable style and by best possible teaching.
Abstract
The purpose of this report is to identify and analyze issues and problems which is being faced by Pakistan in the area of textile sector of the economy. The report focuses on the challenges faced by the country in implementing its WTO commitments and the challenges faced during energy crises in country and challenges during global financial crises. Apart from suggestion on how to deal with the internal challenges, the report also take into account what kind of strategy and action Pakistan should adopt to strengthen this Sector which is also a backbone of Pakistan economy. Statistics, facts and figures were collected from economic survey, statistic division of Pakistan along with WTO statistics in textile oriented import and exports of Pakistan to analyze problems and issues in textile industry of Pakistan.
During analysis I found that the major threat to Pakistan’s textile sector are
References: 1. Government of Pakistan, (2011). Economic Survey 2010- 11. 2. APTMA, Chairman’s Review by Mr. Muhammad Iqbal Ibrahim 2007-08 3. EPB , (various editions), Export bulletin.(Monthly) Government of Pakistan. 4. Majyd Aziz Balagamwala ( Ex- President Karachi Chamber of Commerce and Industry) article ‘’Pakistan’s textile Industry Needs Resurrection’’ 2011. 5. Altaf Katchi (CEO of Axa International, Pakistan.) “Pakistan 's Textile Industry Gearing Up for Growth” December 2010. 6. Ministry of Textile website. 7. Federal Bureau of Statistics 2000-10. 8. World Trade Organization (WTO) website. 9. State bank of Pakistan, imports and exports (BOP, SBP) from SBP website. 10. International finance corporation (IFC) 2011.Annaual report on textile fabrics.