The government of Pakistan hopes that textile clothing will
increase continually in the next six years.
As the report of the deputy chairman of planning committee of
Pakistan pointed, the exporting target is going to be 400-500
hundreds million dollars and the annual average increasing rate
is going to be 6-8% in 2013.
According to the report, Pakistan will still rely on American
market in 2013. It is estimated that the proportion would keep
around 25% and be improved from 42 hundreds million dollars to
110 hundreds million dollars. But this is mainly depending on
non-tariff principle for the disaster area of earthquake of Pakistan
by America.
Until 2013, Pakistan expects that the exporting sum to European
Union would improve from 45 hundreds million dollars to 95 hundreds
million dollars, while it expects that the exporting sum to China
would improve from 5 hundreds million dollars to 50 hundreds million
dollars, which is the fastest increased expectance and its proportion
would improve to 8.5% from 3.5%.
It estimates that Afghanistan would instead of Arab Emirates
and to be the fourth big market of Pakistan that only behind America,
European Union and China. It is possible that the exporting sum
to Afghanistan would increase to 32 hundreds million dollars,
which is three times of current sum, while the exporting sum to
Arab Emirates would increase to 26 hundreds million dollars, which
is two times of current sum.
The planning committee of Pakistan hopes that the textile clothing
would keep the relative big share in the next six years. It is
estimated that the sum of the textile clothing export would be
improved from 98.9 hundreds million dollars to 220-250 hundreds
million dollars until 2013. The power-generating equipment is
the fastest increased product, which would increase from 2.08
hundreds million dollars to around 24-30 hundreds million dollars
(almost 10 times). Rice, fish, gymnastic things and fruits would
over 10 hundreds million dollars.
As the report mentioned, every export companies of Pakistan
will need 650 hundreds million dollars for investment in the next
six years in order to achieve the target above. Meanwhile, they
need to enhance the storing of human resource, and the government
also needs to provide the relative guiding and convenient, which
include keeping the Macro-economy steadily, making the exporting
strategy for accelerating export and import and taking the measures
to encourage every industry.
In addition, Pakistan is facing a strong competition that from
China, India and Bengal. China and India have captured a big share
of textile market all over the world and to be the winner. In
contrast, the textile exporting market of Pakistan has shrunk
gradually.
Source: business department
