TEXTILE INDUSTRY: NEW CHALLENGES

Apr 19 - Apr 25, 2004  
ISSUE # 16  

It seems almost certain that textile quota regime will cease to exist on December 31, 2004. There are still seven months to go and some of the crucial decisions should be made at the earliest. Both the GoP and the players must count the strengths, remove the irritants and try to build upon the existing infrastructure. While preparing the new strategy don't ignore the strengths and weaknesses of competitors. Textile industry has the potential to try to exploit it to country's best advantage.

 

 

PAKISTAN STEEL
Pakistan Steel meets only 25 per cent of the total demand of the country, the rest is met through ship breaking industry and other re-rolling mills and foundries. The existing production capacity of Pakistan Steel is 1.1 million tons against the total requirement of 4 million tons a year. In view of the growing demand, Pakistan Steel is working on an expansion plan from 1.1 to 1.5 million tons.

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PIA
Recognition of PIA's engineering department as one of the best aviation engineering for maintenance of aircraft has opened doors for revenue generation. It also means that the profits of the national airline are likely to take a quantum jump in the days to come provided, the airline keeps up the quality standards required under this certification.