Textile Vision 2005
Imperatives for Textile Policy
Sector Objective - Textile Vision
Keeping in view the above factors, a long term Textile Vision has been created to serve as a broad target to revamp the textile industry of the country. The defined objective is:
An open, market driven, innovative & dynamic textile sector which is:
* Internationally Integrated
And which enables Pakistan to be amongst the top five textiles exporting countries in Asia.
Summary Report of Textile Vision 2005
Textile Vision 2002
The textile sector holds a lead role in the development of the manufacturing sector in Pakistan. It comprises majority of the manufacturing sector output, provides employment to the bulk of the manufacturing sector labour force and it is a major foreign exchange earner for the country. The trade in textiles is directly effected by the phenomenon of globalisation that is leading to lower tariff barriers and removal of quantitative trade restrictions. Multi Fibre Arrangement adopted in early 70s by the developed countries to protect their domestic textile industry was replaced by the Agreement on Textiles and Clothing (ATC) on 1994. The ultimate objective of the ATC is to phase-out the quota restrictions on the import of textiles by 2005….
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