Textile Dynamics in Pakistan: Unraveling the Threads of Production, Consumption, and Global Competitiveness
摘要
The textile industry of Pakistan holds a very prominent place in the economy of the country as it accounts for 8.5% of the GDP and 60% of export earnings. This chapter provides the reader with a coarse stitch map of Pakistan’s textile sector starting from its infancy in the post-independence era to what it has become today. This chapter aims to cover the current state of production, economic dynamics, sustainability initiatives, government policies, and the future outlook of Pakistan’s textile industry. The textile sector of Pakistan has journeyed through remarkable changes in the past few decades, and to enhance its global market share, the textile sector has to adapt the technological advancement and sustainable practices. The sector growth has also been faced with several challenges including; outdated facilities, energy problems, and political instabilities. Therefore, there has been the realization of; developing new policies, collaboration among government, textile organizations, and academia, and lastly investing in research and development avenues. This would help the industry face its current hurdles and flourish in the global competitive scenario.