How is the textile industry increasing Employment opportunities in Pakistan?
The country's textile exports exceeded 4.5 billion$ in the
first four months of the current financial year due to higher export orders
received by Pakistan. Exports of textile products increased by 4% over the
first four months of the last financial year. According to sources in the
government and the textile sector, the sector is currently working at its full
potential, which is a positive development for the country's export sector as
well as job creation. The increase in exports of Pakistan's textile products is
welcome for the country's foreign trade sector, which will help the country
achieve its total export target of 26 26 billion in the current financial year.
It may be recalled that Pakistan's textile exports increased by 7% in October,
while neighboring India saw a decline of more than 5% in textile products this
month. The increase in aggregate exports from the increase in
Pakistan's textile exports also helped reduce the country's trade deficit.Increased production capacity in Pakistan's textile sector
and increased exports of its products have led to an increase in demand for the
product due to the easing of sanctions imposed by Corona and government relief
measures for the industrial sector. The textile sector accounts for more than
8% of the country's gross national product and its products account for about
60% of the country's total export sector. It is the largest manufacturing
sector in Pakistan, employing about 40% of the labor force in the industrial
sector.
Pakistan is the eighth largest textile exporter in Asia,
according to data on the Board of Investment's website. At present, there are
more than 400 textile factories operating in Pakistan, while the most important
raw material for the sector, cotton, is readily available in the country. Faisalabad
and Karachi are the two major centers of the textile sector in Pakistan and
according to the people in the textile sector, both the centers are working in
full swing at present. Asif Inam, owner of a textile mill, said the department was
currently working at its full production capacity, largely due to the orders it
received, as well as incentives from the government are helping to increase
its production. He said that the good performance of this sector can be
gauged from the fact that at the end of the previous government, the share of
Pakistan's textile products in its worldwide exports had gone up to 1.8% but
now it is 2.8%. It has increased to 4% which is a great proof of the
performance of this sector. Asif said that the severe lockdown in India also benefited
the Pakistani sector and the fear of non-fulfillment of its export orders from
there attracted international buyers to Pakistan. The lockdown caused by the corona virus in
Europe and the United States had severely affected his import of products from
abroad. When the goods stored during the lockdown ran out, after the relaxation
in the lockdown, they needed immediate goods, so they turned to Pakistan. Due to the lockdown in India, the textile
sector there was unable to meet the large export orders from the United States
and Europe, which benefited Pakistan.
Alia Hamza Malik, Parliamentary Secretary for Trade, Industry and Production, expressed hope that the textile sector would continue to perform well, citing government policies that are providing full support to the sector.She said that further improvement in the performance of this sector in the coming days can be gauged from the fact that not only the textile sector is running at its full potential but also the power looms are working at their full potential. Alia Malik said that the present government has formulated policies for the sector through which it can be fully supported as the sector has a key role to play in the country's economy and job creation.She said that according to the industrialists associated with the textile sector, not only do they have export orders for the month of December, but some have also shared with us the information of receipt of export orders till June. Alia Malik said that when the textile industry in the country was shut down in 2016 and textile mills were shifting from here to Bangladesh, according to the international media, it made millions of people unemployed. Now that the country's textiles are once again fully restored and the power looms that were shut down have gone, it is not difficult to estimate how many more jobs have been created.
Alia Malik claimed that if we talk only about Faisalabad, there is a shortage of skilled labor in the textile sector in this city and according to the industrialists, they are facing difficulties in finding skilled people as their demand is very high. There has been an increase. She said that the government is not only diversifying the textile sector but also working to increase the total exports of products other than the traditional sector such as cement and pharmaceutical exports along with textiles.
Alia Hamza Malik, Parliamentary Secretary for Trade, Industry and Production, expressed hope that the textile sector would continue to perform well, citing government policies that are providing full support to the sector.She said that further improvement in the performance of this sector in the coming days can be gauged from the fact that not only the textile sector is running at its full potential but also the power looms are working at their full potential. Alia Malik said that the present government has formulated policies for the sector through which it can be fully supported as the sector has a key role to play in the country's economy and job creation.She said that according to the industrialists associated with the textile sector, not only do they have export orders for the month of December, but some have also shared with us the information of receipt of export orders till June. Alia Malik said that when the textile industry in the country was shut down in 2016 and textile mills were shifting from here to Bangladesh, according to the international media, it made millions of people unemployed. Now that the country's textiles are once again fully restored and the power looms that were shut down have gone, it is not difficult to estimate how many more jobs have been created.
Alia Malik claimed that if we talk only about Faisalabad, there is a shortage of skilled labor in the textile sector in this city and according to the industrialists, they are facing difficulties in finding skilled people as their demand is very high. There has been an increase. She said that the government is not only diversifying the textile sector but also working to increase the total exports of products other than the traditional sector such as cement and pharmaceutical exports along with textiles.
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