Industries Of Pakistan Flashcards
A value chain is a set of activities that an organization operating in a specific industry performs in order to deliver a valuable product for the market.
What is the importance of textile industry?
Textile industry is one of the largest industries in Pakistan. It plays vital role in contributing to the county’s economy through its industrial production, high employment opportunities and bringing in foreign exchange. The industry is going through tremendous changes with respect to globalization and many economic challenges.
What makes textile industry single largest manufacturing sector of the country?
The proportion of textile industry in the country’s economy along with its contribution to exports, in terms of GDP employment, foreign exchange earnings, investment and value addition and revenue generation altogether placed the industry as the single largest manufacturing sector of the country.
Which is the main factor of production of textile industry?
The main factor to contribute to huge developments in the textile industry is the production of cotton in the country.
Why textile sector is major contributor to Pakistan’s exports?
Textile sector is a major contributor to Pakistan’s total exports, representing approximately 57% of the country’s total exports in FY 2020-21. The textile sector contributes nearly one fourth of industrial value added products and provides employment to 40% industrial labor force. This value added sector of textile industry is a made up sector which in addition to meeting local nerds, exports products under different categories including garments, hosiery, bed wear, towels and tents/canvas.
Why textile sector is major contributor to Pakistan’s exports?
Textile sector is a major contributor to Pakistan’s total exports, representing approximately 57% of the country’s total exports in FY 2020-21. The textile sector contributes nearly one fourth of industrial value added products and provides employment to 40% industrial labor force. This value added sector of textile industry is a made up sector which in addition to meeting local nerds, exports products under different categories including garments, hosiery, bed wear, towels and tents/canvas.
Which is the major representative association of textile sector in Pakistan?
All Pakistan Textile Mills Association (APTMA) being the major representative association of textile sector in Pakistan, has 396-member textile mills out of which 315 are spinning units, 44 are weaving units and 37 are composite units.
Which major cities represent textile industry?
The major cities representing textile industries include Karachi, Faisalabad and Lahore.
What is market capitalization?
Market capitalization refers to the total rupee market value of a company’s outstanding shares of stock. Commonly referred to as “market cap,” it is calculated by multiplying the total number of a company’s outstanding shares by the current market price of one share.
Which are top ten textile companies with the highest market capitalization as on April 30, 2019?
Top ten textile companies with the highest market capitalization as on April 30, 2019 are as under:
Company (Type)
1. Nishat Mills Limited (Textile Composite)
2. Feroze1888 Mills Limited (Textile Composite)
3. Interloop Limited (Textile Composite)
4. Sapphire Textile Mills Limited (Textile Composite)
5. Gul Ahmed Textile Mills Limited (Textile Composite)
6. Ibrahim Fibres Limited (Synthetic and Rayon)
7. Sapphire Fibres Limited (Textile Composite)
8. Dawood Lawrencepur Limited (Textile Composite)
9. Gatron (Industries) Limited (Synthetic and Rayon)
10. Kohinoor Textile Mills Limited (Textile Composite)
Which financing schemes are introduced by SBP?
To facilitate export oriented sectors, State Bank of Pakistan (SBP) introduced certain financing schemes at low markup rates. Such schemes include Export Refinancing Scheme (ERF) and Long Term Finance Facility (LTFF) for meeting exporter’s short term and long term financing needs respectively. Textile sector, being the leading export sector of Pakistan, is beneficiary of such schemes as well as tax exemptions in certain instances.
Why growth in textile industry has been dull and stagnant?
In recent years, growth in textile industry has been dull and stagnant due to multiple factors:
• Textile products are available at lower prices in other countries because of subsidies and other benefits and therefore Pakistan’s products have become less competitive.
• In Pakistan, tariffs on imported textile materials are applied to provide protection to domestic industry which has resulted in inefficiencies in the local manufacturing process.
• Stagnant domestic cotton production, due to climate changes, farmers interest in more profitable crops, or lack of using new technology and modern methods of harvesting.
• Limited number of value added products.
• Low usage of man-made fibers.
• Failure to benefit from cost efficiencies through cluster development and growth.
• Absence of modern management practices.
• Lack of skilled labor.
Which primary raw materials are used in textile industry?
Primary raw materials used in textile industry are cotton, polyester and viscose.
What is cotton?
Cotton is a natural fiber grown as industrial product in Pakistan within which Punjab and Sindh are the major cotton growing provinces.
How polyester and viscose are produced?
These two raw materials are man-made fibers which are both locally produced and imported.
What is cotton ginning?
Local cotton from fields reaches textile spinners through cotton ginners. Cotton ginning is a process in which cotton fibers are separated from the seeds and wastes such as leaves. The raw material for cotton ginners is seed cotton (phutti) and its finished product is cotton bale.
Where are cotton ginners located?
Cotton ginners, represented by Pakistan Cotton Ginners Association (PCGA), are located in cotton growing areas of Punjab and Sindh. Most of the cotton ginners are not registered as corporate entities and operate sale channels with the help of cotton brokers.
Which factors effect the demand and supply dynamics of cotton ginners?
Demand and supply dynamics of cotton ginners is affected by various factors including weather conditions, import duties on imported cotton, exchange rates and general economic conditions of the country.
Explain crop pricing and high quality cotton.
Textile spinners and textile composites seek services of brokers to source cotton from cotton ginners. The agro economics largely derives the local crop pricing, however, for high quality cotton, textile industry is dependent on import channels.
From where cotton is imported?
Cotton is being imported from around the world majorly from USA and India while other import regions include Middle East, Europe and Asia as well.
Which Pakistani districts are considered for cotton growing?
Punjab and Sindh are considered as major cotton growing districts.
Write major polyester manufacturers in Pakistan.
Ibrahim Fibres and ICI Polyester are major polyester manufacturers in Pakistan.
Which countries are importers of polyester?
The polyester is also being imported, majorly from China and Korea and some other Asian countries.