When we think of manufacturing attention in Pakistan, it is the textile manufacturing that immediately comes to mid that is playing an important position in terms o the employment generation and value added particular(prenominal) contribution towards the exports. The textile industry which is endowed its strong home of raw material has started its journey from non existence in 1947 with meagerly size of 78000 spindles and merely 3000 looms that is too in the unorganized sector, with plainly one textile unit and it could supply only 8% of the domestic demand derived from its population of 76 million people.
The industry has gone through a long way and this instant possesses 443 units, 8.4 million spindles and 166,000 rotors, 20,000 shuttle less looms, 200,000 power looms, over 600 touch on units and over 2500 garments units. The table given on the next knave shows the contributions of textile sector in the economic development of the expanse:
TEXTILE INDUSTRYS ECONOMIC CONTRIBUTION
|DESCRIPTION |CONTRIBUTIONS |
|EXPORTS |64% OF fare EXPORTS (US $ 4.
9 BILLION) |
|MANUFACTURING |46% OF TOTAL MANUFACTURING |
|EMPLOYMENT |38% OF TOTAL EMPLOYMENT |
|INVESTMENT |31% OF TOTAL INVESTMENT |
| securities industry CAPITALIZATION |7% OF TOTAL MARKET CAPITALIZATION |
| worry |Rs. 4 BILLION PER ANNUM |
|SALARIES AND WAGES |Rs. 40 BILLION PER ANNUM...If you postulate to get a full essay, order it on our website: Orderessay
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