The Pakistan Textile Policy 2009-14 has failed bleakly to achieve its target of doubling exports of the countryâ€™s textile industry. The plan comprised short-term support actions and long-term initiatives aimed at promoting value addition on a wider scale.
When the policy was unveiled, textile exports were touching $12 billion in 2009-10. Fast forward to 2012-13, the figure went up slightly at around $13 billion. However, the shipments were nowhere near the target of $25 billion.
The textile industry has an 8% share in the gross domestic product (GDP) of the country.
According to documents, it has a 53% share in exports, 40% in industrial employment and 36% in bank credit.
The cabinet also gave the go-ahead to the financial plan worth Rs188 billion, but only managed to release Rs29 billion.
The Ministry of Textile Industryâ€™s record reveals that Pakistan stands at the fourth place globally in textile production, third in consumption, third in yarn production, second in yarn exports and third in cloth production.
Textile Ministry Joint Secretary Hassan Baig said that the targets were missed due to the energy crisis.
He added that policy-making for a public organisation was not the job of contract employees but the responsibility fell on permanent staff of the ministry like the research and development advisory cell. He said that the process of appointing a new director general for the cell would start soon.
The textile sector was being ignored by the authorities as they showed complete lack of interest. No reports had been prepared to highlight and discuss the shortcomings of the national textile policy and no research work was undertaken to understand why the policy did not impact textile exports much.
Though the 2009-14 policy has expired, the textile ministry has not come up with a new policy. This came despite the fact that the ministry sought suggestions in meetings held in May this year for framing the 2014-19 textile policy.
The task of formulating the new policy has been given to the ministryâ€™s research and development advisory cell.
A weekly report covering market and price information on the entire chain of polyester along with online access to daily polyester chain prices.
One-time reports that are issued annually cover the demand and supply trends in individual products including polyester, nylon, acrylic, viscose, and cotton.
One-time reports that are issued annually cover the demand and supply trends in the individual country's natural and manmade fiber/filament industries.
Countries Served Worldwide