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The textile industry is Pakistan's largest manufacturing sector, employing nearly 25 million people. [1] [2] As the eighth largest exporter of textile commodities in Asia, the industry contributes 8.5% to the country's Gross domestic product. [3] It accounts for about 45% of the total labor force and 38% of manufacturing workers.
Pages in category "Textile industry of Pakistan" The following 10 pages are in this category, out of 10 total. This list may not reflect recent changes. ...
The textile industry is Pakistan's largest industry and textile is the most important export of Pakistan. [3] Mian Muhammad Mansha , a business tycoon and one of the richest man in Pakistan , [ 4 ] is the most famous personality in this industry.
Pakistan's industrial sector (in FY21) accounts for 28.11% of the GDP. Of this, manufacturing makes up 12.52%, mining constitutes 2.18%, construction makes up 2.05%, and electricity and gas 1.36%. The majority of industry is made up of textile units, with textiles contributing $15.4b to exports, making up 56% of total exports.
The cotton and textile industries play a dominant role in exports; [14] cotton accounts for 55 percent of the country's export earnings, and Pakistan has a 14% share of the world's cloth exports. [2] The European Union (EU) granted Generalized System of Preferences "Plus" status to Pakistan in 2013, which has promoted textile exports to the EU. [9]
The Pakistan Textile City, situated in Karachi, Sindh, is an industrial zone dedicated to textile processing and related industries.Established in 2009, it spans 1,250 acres, [1] and is strategically located within the North Western Industrial Zone of Port Qasim, just 6 km from the N-5 National Highway.
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion. [11]
In 1953, the group decided to enter the field of manufacturing under the name Gul Ahmed Textile Mills Limited, and was incorporated as a privately limited company. [1] In 1970, it was listed on the Karachi Stock Exchange, and was one of the leading composite textile houses in Pakistan. [5]