Pakistan Textile Industry Facing New Challenges
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| Natura: | Recurso digital |
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Zenodo
2010
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| _version_ | 1866901536693551104 |
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| author | Alam Khan, Dr Aftab |
| author_facet | Alam Khan, Dr Aftab |
| contents | <p>The Pakistan textile industry contributes more than 60 percent (US $ 9.6 billion) to the<br>country’s total exports. However, currently this industry is facing great decline in its<br>growth rate. The major reasons for this decline can be the global recession, internal security<br>concerns, the high cost of production due to increase in the energy costs etc. Depreciation<br>of Pakistani rupee that significantly raised the cost of imported inputs, rise in inflation rate,<br>and high cost of financing has also effected seriously the growth in the textile industry. As<br>a result neither the buyers are able to visit frequently Pakistan nor are the exporters able to<br>travel abroad for effectively marketing their products. With an in-depth investigation it was<br>found that the Pakistan’s textile industry can once again be brought back on winning track<br>if government takes serious actions in removing or normalizing the above mentioned<br>hurdles. Additionally, the government should provide subsidy to the textile industry,<br>minimize the internal dispute among the exporters, withdraw the withholding and sales<br>taxes etc. Purchasing new machinery or enhancing the quality of the existing machinery<br>and introducing new technology can also be very useful in increasing the research &<br>development (R & D) related activities that in the modern era are very important for<br>increasing the industrial growth of a country. </p> |
| format | Recurso digital |
| id | zenodo_https___doi_org_10_5281_zenodo_17176088 |
| institution | Zenodo |
| language | |
| publishDate | 2010 |
| publisher | Zenodo |
| record_format | zenodo |
| spellingShingle | Pakistan Textile Industry Facing New Challenges Alam Khan, Dr Aftab <p>The Pakistan textile industry contributes more than 60 percent (US $ 9.6 billion) to the<br>country’s total exports. However, currently this industry is facing great decline in its<br>growth rate. The major reasons for this decline can be the global recession, internal security<br>concerns, the high cost of production due to increase in the energy costs etc. Depreciation<br>of Pakistani rupee that significantly raised the cost of imported inputs, rise in inflation rate,<br>and high cost of financing has also effected seriously the growth in the textile industry. As<br>a result neither the buyers are able to visit frequently Pakistan nor are the exporters able to<br>travel abroad for effectively marketing their products. With an in-depth investigation it was<br>found that the Pakistan’s textile industry can once again be brought back on winning track<br>if government takes serious actions in removing or normalizing the above mentioned<br>hurdles. Additionally, the government should provide subsidy to the textile industry,<br>minimize the internal dispute among the exporters, withdraw the withholding and sales<br>taxes etc. Purchasing new machinery or enhancing the quality of the existing machinery<br>and introducing new technology can also be very useful in increasing the research &<br>development (R & D) related activities that in the modern era are very important for<br>increasing the industrial growth of a country. </p> |
| title | Pakistan Textile Industry Facing New Challenges |
| url | https://doi.org/10.5281/zenodo.17176088 |