Pakistan Textile Sector Facing New Challanges

Pakistan Textile Industry Facing New Challenges Aftab A. Khan be Author, College of Business Administration, King Saud University P.O. Box 2459 Riyadh 11451, Saudi-Arabian Arabia email:aftabalam112@gmail.com Tel: 0966543647041 Mehreen Khan College of Business Administration, King Saud University P.O. Box 2459 Riyadh 11451, Saudi Arabia E-mail:mehreenkhan112@gmail.com Tel: 0966591584206 Abstract The Pakistan textile manufacturing contributes more than 60 percent (US $ 9.6 billion) to the countrys total exports. However, currently this industry is facing great decline in its growth rate. The major reasons for this decline flock be the global recession, intrinsic aegis concerns, the high cost of production due to increase in the energy costs etc. Depreciation of Pakistani rupee that significantly raised the cost of imported inputs, rise in swelling rate, and high cost of financing has also make seriously the growth in the textile industry. As a result neither the buyers are able to visit ofttimes Pakistan nor are the exporters able to travel abroad for effectively merchandise their products. With an in-depth investigation it was found that the Pakistans textile industry can once again be brought back on engaging track if government takes serious actions in removing or normalizing the in a higher place mentioned hurdles.

Additionally, the government should provide subsidy to the textile industry, minimize the internal dispute among the exporters, withdraw the withholding and sales taxes etc. buying new machinery or enhancing the quality of the existing machinery and introducing new technology can also be very useful in increasing the research & development (R & D) related activities that in the fresh era are very important for increasing the industrial growth of a country. Keywords: Textile; exports; withholding. global recession; production; inflation; marketing; Introduction The Pakistan textile industry total export is nigh 9.6 billion US... If you want to get a full essay, set it on our website: Ordercustompaper.com

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