An analysis
of the current situation and imperatives for developing a Long Term
Textile Policy:
1. Pakistan's economy is confronted with the problem of chronic
negative trade balances. The government wants to mobilize all its
resources to establish a solid export base. The Textile sector,
being the major foreign exchange earner, can serve as a launch pad.
2. The textile sector exports have been stagnant for the past five
years. Exports have oscillated between US $4.5 - 5.5 billion. US
$5 billion has been a psychological barrier for the textile industry
of Pakistan.
3. The Multi Fibre Arrangement (MFA) phase out
in the year 2005 is likely to result in providing level playing
field with the removal of quotas and lowering of tariff barriers.
It will be a threat to textile manufacturers on one-hand and open
news vistas of opportunities for efficient players on the other
hand. |
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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
* Globally Competitive
* Fully equipped to exploit the opportunities created by the MFA phase
out
And which enables Pakistan to be amongst the top five textiles exporting
countries in Asia.
Summary Report of Textile Vision 2005
Textile Vision 2002
Mid Term Review
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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