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A Crisis in Textile Industry

A Crisis in Textile Industry

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Published by mmtanveer786

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Published by: mmtanveer786 on Aug 02, 2009
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09/30/2014

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PAK AIMS
(Institute of Management Sciences)
Subject:
Economics (401)
Course:
M.B.A (morning)
Section:
 A 
This Project is Relate to :- Crisis in textile industryThis project is made by:
092114-Tanveer Ahmad092112-Sheraz Tariq
This project is submitted to:
Prof. Muhammad Imran.
Submitted on: 
28, July 2009
 
Contents:-
Summary:- Introduction:History of Pakistan Textile Industry1. Lack of Research & development (R&D) in cotton sector:-2. Lack of modernize equipment:-
 
3. Finance Bill to burden industry further:4. Increasing cost of production:-5- Internal issues pose alarger threat for Pakistan’s textile industry:-6-Energy crisis:a) Electricity crisis:-b) Gas Shortage:-7-Tight Monetary Policy:-8- Removal of subsidy on Textile sector:-9- Lack of new investment:-10- United States & EU cuts imports of textile from Pakistan:-11- Raw material Prices:-12- EXPORT PERFORMANCE OF THETEXTILE SECTOR:-
 
13- The Effect of Global Recession on Textile Industry:-
14-Effect of Inflation15-Unemployment caused by textile
15- Recommendation:
 
Summary:-
 
Pakistan’s textile industry is going through one of the toughest periods in decades.The global recession which has hit the global textile really hard is not the only causefor concern. Serious internal issues also effected Pakistan’s textile industry very badly. The high cost of production resulting from an instant rise in the energy costshas been the primary cause of concern for the industry. Depreciation of Pakistanirupee during last year which has significantly raised the cost of imported inputs.Furthermore, double digitinflation and high cost of financing has seriously effected the growth in the textileindustry. Pakistan's textile exports in turn have gone down during last three years asexporters cannot effectively market their produce since buyers are not visitingPakistan due to adverse travel conditions and it is getting more and more difficult for the exporters to travel abroad. Pakistan’s textile industry is lacking in research &development (R & D).The production capability is very low due to obsoletemachinery & technology. Pakistan is facing high cost of production due toseveral factors like the hike in electricity tariff, the increase in interest rate, energycrisis, devaluation of Pakistani rupee, increasing cost of inputs, political instability,removal of subsidy & internal dispute. The above all factor increase the cost of  production which decrease the exports. Exports receipts decrease from $ 10.2 B to $9.6 B. The global recession also hit badly the textile industry. Double digit inflationalso caused decrease in production in textile sector which cause the increase inunemployment level. By the removal of subsidy the industry’s production get higher effected which proveas a last strike on industry’s back.Govt should provide subsidy to the textile industry

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