Scribd Logo
Upload

Welcome to Scribd!

  • 2 - Textile Brochure

    Uploaded by

    Athar Hussain Tanwri
    59 views2 pages
    This document provides an overview of Pakistan's textile sector, highlighting that it is the 4th largest cotton producer and exporter of textile products in Asia. The textile industry comprises 46% of Pakistan's manufacturing sector and employs 40% of the labor force. It has a complete textile value chain and can produce goods at lower costs than Western countries. The document identifies spinning, weaving, garments, knitwear and sportswear as potential areas for investment, and notes incentives available to investors in the textile sector like duty free imports and financing facilities.

    Original Description:

    Original Title

    2- Textile Brochure

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document provides an overview of Pakistan's textile sector, highlighting that it is the 4th largest cotton producer and exporter of textile products in Asia. The textile industry comprises 46% of Pakistan's manufacturing sector and employs 40% of the labor force. It has a complete textile value chain and can produce goods at lower costs than Western countries. The document identifies spinning, weaving, garments, knitwear and sportswear as potential areas for investment, and notes incentives available to investors in the textile sector like duty free imports and financing facilities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    59 views2 pages

    2 - Textile Brochure

    Uploaded by

    Athar Hussain Tanwri
    This document provides an overview of Pakistan's textile sector, highlighting that it is the 4th largest cotton producer and exporter of textile products in Asia. The textile industry comprises 46% of Pakistan's manufacturing sector and employs 40% of the labor force. It has a complete textile value chain and can produce goods at lower costs than Western countries. The document identifies spinning, weaving, garments, knitwear and sportswear as potential areas for investment, and notes incentives available to investors in the textile sector like duty free imports and financing facilities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 2

    Prime Minster’s Office

    Board of Investment

    Board of Investment
    Prime Minster’s Office

    Textile in
    Pakistan

    Prime Minster’s Office


    Board of Investment

    Board of Investment
    Prime Minster’s Office
    Tel: +92-51-922-4101 |Fax: +92-51-921-5554
    Email: investpak@invest.gov.pk |Web: invest.gov.pk
    Address: 06th Floor, Kohsar Block, Pak Secretariat,
    Islamabad 44000, Pakistan
    GSP+ Status from UK & EU
    TEXTILE SECTOR IN BRIEF
    • 4th largest producer and 3rd largest consumer of cotton
    • 3rd largest producer of the yarn production and 3rd largest hosiery manufacturer
    • 8th largest exporter of textile products in Asia
    • 43% increase for export of readymade garments and 423 working textile industries
    • Comprising of 46% of the total manufacturing sector and employing 40% of the total labor
    force
    • Processing capacity of 5.2 billion square meters with 11.3 million spindles, 3 million rotors,
    350,000 power looms, 18,000 knitting machines
    • 700,000 industrial and domestic stitching machines and 21 filament yarn units having T O M M Y
    capacity of 100,000 tons
    HILFIGER

    Why Pakistan
    • The abundance of raw material is a big advantage for Pakistan due to its beneficial impact on
    cost and operational lead time POTENTIAL AREAS TO INVEST
    • Pakistan has a supply base for almost all man-made and natural yarns and fabrics
    Spinning & Weaving
    • A complete textile value chain exists
    Ginning-raw fiber → Spinning-yarn → Weaving-raw fabric → Dyeing & Finishing-
    • Yarn production – Pakistan is a renowned exporter of yarn producer and has
    finished fabric → Garment Stitching-Garment a proven track record of export to China, Hong Kong, Bangladesh, South
    Korea, Turkey, Japan and Portugal.
    • Pakistan can produce goods at a cheaper cost as compared to western countries and hence
    is a good location for outsourcing production. • Integrated/independent shuttle-less looms – the sub-sector is growing
    • GSP+ (Generalized System of Preferences Plus) Status allows Pakistani products a duty free gradually and this trend is likely to intensify further
    access to the EU market
    • Many international brands operate and work with Pakistan's textile companies – H&M, C&A,
    Garments
    LOW-COST HUMAN RESOURCES
    • The ready-made garments industry – this industry has emerged as one of the
    Exclusive Incentives to Textile Sector include: important small-scale industry in Pakistan and the ready-made garments and
    • Duty Free Import of machinery & equipment.
    products have large demand both at home and abroad. Exports of ready-
    made garments increased from $1.62 billion to $2.32 billion between 2011-
    • Exemption of Sales tax on Import of machinery & equipment. 12 and 2016-17.
    • Long Term Financing Facility (LTFF) at Concessional Rates.
    • Hosiery industry – 23,241 socks knitting machines spread all over the country
    • Export Finance (EFS) available at concessional rate of 3.0%. supplying socks to international sports brands such as NIKE, Addidas, Puma,
    • Permission to import restricted items by manufacturers. Reebok, Hi-Tec, Yonex, etc. from small to large OEMs will supply the further
    • Fully automated system for Repayment of customs–duties to exporters. demands
    • Zero Custom Duty for textile products for export to China. • Knitwear & Sportswear – Pakistan has established market access to the US
    • Low tariff/exemptions on exports to countries of EU due to GSP+ status. and EU.
    • Export facilitation Scheme 2021
    Technology transfer – there is an opportunity to invest in better technologies to
    convert Pakistan's competitive advantage in both the domestic and international market.

    Full version of Sector Profile is available on BOI’s website:


    https://invest.gov.pk/index.php/sectors

    You might also like