Challenges to Textile Industry in Pakistan-Post WTO period

Pakistan’s Textile & clothing sector accounts for 64 percent (approx) of the country’s total exports earnings. Pakistan’s Textile sector is in process of investing close to US $ 3 billion in expanding existing capacities, in higher value added exports and towards product diversification with an aim to face the post WTO era.

Therefore the challenges of 2005 and beyond for Pakistan is to move up the value chain, shift its focus to value added products and build capacities capable of timely delivery of significant volumes at competitive prices. Pakistan has got all the basic ingredients in terms of human capital, skills and the top quality cotton production in the country for meeting up such challenges. However, Pakistan has to prepare itself very quickly to be success story in the International market in post WTO era.