Pakistan'S Export Yarn Is No Longer An Advantage.
Pakistan's Economic Observer (PEW) said on Sunday that countries like India have extra cotton and they can export cotton yarn, but Pakistan is short of cotton and should not export large quantities of raw materials.
The United States is a major player.
Yarn outlet
Countries, because the value added industries of the United States are inadequate.
But a country like Pakistan has 3 million people working in the garment industry, so Pakistan can no longer export cotton or yarn.
PEW President Multazamo M (Dr. Murtaza Mughal) said that competition countries are using from Pakistan.
Imported
The yarn is gradually squeezing the Pakistan garment and garment industry out of the international market.
He said that Pakistan accounted for 1% of the world trade in apparel trade of 396 billion, while its share in the yarn market was as high as 30%. Although it is good for making money, it is very dangerous in the long run.
Multazamo M (Dr. Murtaza Mughal) said that the yarn factory should not be allowed to build a new factory or expand its existing capacity. Only in this way can 25 billion dollars be realized in 2014.
textile
Export targets.
He said that the yarn export earned 2.20 dollars per kilogram, while clothing export earned 12 dollars per kilogram. However, Pakistan exported about 8 billion tons of yarn every year. This is a surprise. This trend is turning Pakistan into a raw material supplier country, causing the garment industry to be trapped and eventually lead to a large number of workers losing their jobs.
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