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The
production of cotton cloth in Pakistan has increased by 15
per cent while cotton yarn went up by 4.5 per cent. The
spinning sector witnesses boom in the last three years and
the industry re-invested its profit for new equipment.
Besides revival of the sick units, 150,000 spindles had also
been added to the working capacity during last three years.
An investment of Rs40 billion had been made by the textile
industry last one and a half year under Textile Vision
program being monitored by the State Bank of Pakistan. An
investment of Rs23 billion in textile spinning sector, Rs.5
billion in weaving, Rs4 billion in polyester fiber, Rs3
billion in processing and Rs.4 billion in knitting and
garment sectors have been made. Over Rs50 billion were spent
on the expansion of different units in the last two years.
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polyester
fiber, Rs3 billion in processing and Rs.4 billion in
knitting and garment sectors have
been made.
Over Rs50 billion were spent on the expansion of different
units in the last two years.
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