Textile business in last years has grownup in no time. In 1947, there have been solely half-dozen spinning factories in West Pakistan, that have currently grownup to the figure 503. the most issue behind the expansion was the reduction in duties. The import tariff on cotton factories was reduced from eighty fifth to five hundredth in 1985 and so to twenty in 1988. Also, in 1988 the restrictions on renewal and growth of spinning and weaving factories were removed.
Pakistan is currently the fourth largest cotton agriculturist within the world behind China, USA and Republic of India. Textile has become the foremost vital business for earning the interchange. It accounts for 60-65% of the interchange attained in a very year, that is roughly $5.5 billion.
Current state of affairs within the textile trade isn’t terribly promising. the method of cotton has enhanced within the recent amount, additionally to the current the electricity and nuisance tax have conjointly enhanced. Cotton yarn worth is decreasing and different input costs square measure increasing.
Ginning: is that the method during which picked cotton is cleansed and refined. the top product of the ginning is employed to form yarn.
Spinning:is the method by that ginned cotton is spun into yarn. Yarn quality relies on quality of cotton and spinning method.
Yarn:is spun into Grey Cloth in the weaving process.
Grey cloth:is printed and dyed through processing / finishing.
Fabrics:are stitched into garments manufacturing process.
The abate in economic activity within the Far East has begun to adversely impact Pakistan’s textile business in terms of exports to Japan, Republic of Korea and alternative South japanese Asian nations area unit undergoing a recessive amount.
Textile trade is that the largest Sector in Pakistan, however the export of textile has ceaselessly declined throughout last 5 to 6 years. the most important drawback, textile trade is facing is that the non- tariff barriers like ISO 9000 and ISO 14000. These standards lay larger stress on packaging, safety, and handling etc.