Role of Textile Industry in Boosting up the Economy of Pakistan

Abstract

This study is planned to investigate the textile production in the state and its looming efficiency along with many other issues that has influence on the textile industry of Pakistan. This learning enlightens the financial possessions of the textile business in the realm entirely.The purpose of this study is to realize the reason behind the declining of textile industry and we have completed this research with the help of primary data as well as secondary data. The major concern is being found that policies were not in favor to make positive changes in the industry and it directly affects our export worldwide. We also have deeply examined the impact of taxes and duties, obsolete technology, R&D, and energy crisis on the “Growth of Textile industry of Pakistan”. Further included that, if state will work to overcome all these matters then we certainly will chase our competitors and can be able to export raw material globally at cheap prices. By this research, we have acknowledged about this fact that Pakistan is the country which is blessed with resources but rules and policies are not implementing properly to deal with these hurdles. We have provided some recommendations to government and owners of textile industry of Pakistan that would be beneficial for them.

Keywords: Energy crisis and R&D Taxes and duties ,  Resources and policies, Competitors