From Market Woes to Energy Shortages, Problems Plague Pakistani Textile Industry

摘要

These are critical times for Pakistan's textile industry, which apart from facing a downturn in its traditional markets in the West, is also confronted with the grim prospect of rising raw-material prices and energy shortages. Pakistan's textile industry is important for the country's economy, as textiles are the mainstay of Pakistan's exports. In an interview with Apparel at the Heimtextil 2012 show in Frankfurt, Rizwan Tariq, the Karachi-based director of the Trade Development Authority of Pakistan (TDAP), the country's trade promotion agency, underscored the textile industry's significance: "Textiles account for roughly 55 percent of Pakistan's exports. Their importance should be quite clear."