Musharraf Era Textile Boom Returning to Pakistan?

[AZADPAKISTAN2009]

Clarification @S.Y.A

Some good work was also done under past Government for railways but Railway but it was 40% away from profitability and there was no progress made on KCR

However Last 3 Years credit is due to PTI as well, specially under Honorable Sheikh Rasheed while he was appointed as Care taker, it seems Railways has started to RUN under PTI

They have raised the bar in quality


Pakistan Railways

• Trains running with brand new coaches
• Newly Mint boogies being used in trains , Locally being produced
• Local Engineering , manufacturing and rebuilding old boogies and turning then brand new 10-11 couches
• Train stations looking very clean
• Workers wearing professional suits
• Private Trains running business routes

KCR

• 3 Billion Dollars funding for Karachi Projects from Federal Funding (Special Karachi Package)

Need to use Calbri Font for Writing English on Train the fonts are outdated

TRAIN TIMING

 

[S.Y.A]

Pakistan Railways

• Trains running with brand new coaches
• Newly Mint boogies being used in trains , Locally being produced
• Local Engineering , manufacturing and rebuilding old boogies and turning then brand new 10-11 couches
• Train stations looking very clean
• Workers wearing professional suits
• Private Trains running business routes

all being done since pmln, its a continuation of policies at best. i have travelled on trains in pmln era and in pti era. and things have gone downhill.

 

[R Wing]

There is some important nuance that I'd like to mention here.

The part of the textile industry that the government should be promoting is the value-added sector, not just the export of cloth.

APTMA, which is a group of spinners that makes cloth to sell to the value-added sector (that make linen, t-shirts, jeans, whatever), has a chokehold on things due to lobbying and cosying up to politicians. They are making a base product, have totally failed to reinvest in better cotton crop and yield and always cry to the government for help.

The government should set APTMA straight --- force investments in the raw material so we stop importing it and focus hard on the export-oriented value-added sector, which can be a major growth factor for Pak (in addition to IT, tourism, etc.)

 

[S.Y.A]

KCR

• 3 Billion Dollars funding for Karachi Projects from Federal Funding (Special Karachi Package)

Need to use Calbri Font for Writing English on Train the fonts are outdated

again, added due to pressure by SC

 

[cloud4000]

Textiles are highly competitive, with thin margins, and easily fungible. Pakistan is clearly benefitting from rupee devaluation which makes its exports much cheaper than competitors. But will it last?

 

[AZADPAKISTAN2009]

again, added due to pressure by SC

Federal Government (Prime Minister Imran Khan's Government ) provisioned the money to Sindh , and one of the items was enablement of KCR for Transportation , and legal avenue to enforce the laws and orders of Government is thru Police and Courts who are servants for Government

The legal channel ensures Federal Government pressures projects are completed on time

No Gulu Butt show up on Sindh Parliment to ensure projects get done

Seems normal process that courts are , helping enforce completion of Projects from Local Bodies which lie outside the sphere of influence of Federal Authorities


Federal Government
>Parliament/Senate (Make new Bills and Laws)
>Release Funds for Projects
>Appoint leaders for State Entities (i.e Railways)
>Supreme Court help enforce law when possible if it is felt Province is not putting in effort

Provincial Body
> Provincial High Courts
> Police

 

[Zibago]

I hate Nawaz with passion along side Zardari how they robbed our country. But this sin I won't put it in the Nawaz basket as we were short of electricity and industrialists kept on warning government that if government don't move at that front they will move units elsewhere and eventually they did to the Bangladesh.
Our country need to set up industrial zones with all the required facilities without any interruption so industry can perform. We can't even provide gas and LNG to the ordinary people of Pakistan and comical handling is all to see. Imagine if some one have set up a industrial unit with the good money and the unit can't even open its door due to the gas or power shortage and still he have to pay to the labours, does it makes any sense. All our politician's want to make Pakistan like Paris and London but no one wants to do the walk the walk.

The energy crisis in Zardari era was worst that in Nawaz era yet we only had export decline in Nawaz era
The issue wasnt only energy shortage but also things like subsidized consumption through an inflated Rs fueled by debt

 

[Thorough Pro]

Musharaf era boom was a favor by the west to support us due to the 2005 earthquake and 2010 floods by giving us GSP plus status to export textiles to the west. This time, it's a market-based boom as Pakistan provided an alternate supply source due to covid impact in India, Bangladesh, and other textile producing countries. the comparison is not fair.

Musharraf Era Textile Boom Returning to Pakistan?

Pakistan textile industry is booming with exports soaring 27% to more than $6 billion in the first four months (July-October) of the current...

www.southasiainvestor.com

Pakistan textile industry is booming with exports soaring 27% to more than $6 billion in the first four months (July-October) of the current fiscal year. “We believe that $5 billion investment (in textile industry) in the Musharraf era would be matched in the next six to eight months” says Zubair Motiwala, a leading textile industrialist and chairman of Businessmen Group (BMG), according to media reports.

​

Pakistan Textile Exports FY 2006-2021. Source: APTMA

Pakistani government officials report that the textile sector has invested $3-3.5 billion on modernization and expansion in the last 2-3 years and the investment is likely to match the $5 billion that was witnessed during Musharraf era when the sector was undergoing major modernization, balancing and replacement (BMR). Textile machinery imports jumped 110% in the last four months, according to the Pakistan Bureau of Statistics (PBS). Capital equipment imports are contributing to Pakistan's widening trade gap.

All sectors of the textile industry from yarn to fabric to ready-made garments are experiencing double digit growth. Ready-made garments exports jumped 22.34% during July-Oct 2021, knitwear exports soared 35.45%, bed-wear posted positive growth of 21.30%, towel exports were up by 14.17%, cotton cloth rose 18.54%. Among primary commodities, cotton yarn exports surged by 71.39%, while yarn other than cotton by 114%. The export of made-up articles — excluding towels — rose by 11.55%, and tents, canvas and tarpaulin dipped by a massive 23.98% during the 4-month period.

The textile industry is very important for Pakistan's economy. It is a very large employer and contributes nearly 10% of GDP. Textile exports account for more than half of Pakistan's exports. Textile boom is good news for the country's economy.

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Musharraf Era Textile Boom Returning to Pakistan?

Pakistan textile industry is booming with exports soaring 27% to more than $6 billion in the first four months (July-October) of the current...

www.southasiainvestor.com

 

[GHALIB]

Musharraf Era Textile Boom Returning to Pakistan?

Pakistan textile industry is booming with exports soaring 27% to more than $6 billion in the first four months (July-October) of the current...

www.southasiainvestor.com

Pakistan textile industry is booming with exports soaring 27% to more than $6 billion in the first four months (July-October) of the current fiscal year. “We believe that $5 billion investment (in textile industry) in the Musharraf era would be matched in the next six to eight months” says Zubair Motiwala, a leading textile industrialist and chairman of Businessmen Group (BMG), according to media reports.

​

Pakistan Textile Exports FY 2006-2021. Source: APTMA

Pakistani government officials report that the textile sector has invested $3-3.5 billion on modernization and expansion in the last 2-3 years and the investment is likely to match the $5 billion that was witnessed during Musharraf era when the sector was undergoing major modernization, balancing and replacement (BMR). Textile machinery imports jumped 110% in the last four months, according to the Pakistan Bureau of Statistics (PBS). Capital equipment imports are contributing to Pakistan's widening trade gap.

All sectors of the textile industry from yarn to fabric to ready-made garments are experiencing double digit growth. Ready-made garments exports jumped 22.34% during July-Oct 2021, knitwear exports soared 35.45%, bed-wear posted positive growth of 21.30%, towel exports were up by 14.17%, cotton cloth rose 18.54%. Among primary commodities, cotton yarn exports surged by 71.39%, while yarn other than cotton by 114%. The export of made-up articles — excluding towels — rose by 11.55%, and tents, canvas and tarpaulin dipped by a massive 23.98% during the 4-month period.

The textile industry is very important for Pakistan's economy. It is a very large employer and contributes nearly 10% of GDP. Textile exports account for more than half of Pakistan's exports. Textile boom is good news for the country's economy.

Related Links:
Haq's Musings

South Asia Investor Review

Pakistan's Debt Crisis

Declining Investment Hurting Pakistan's Economic Growth

Brief History of Pakistan Economy

Can Pakistan Avoid Recurring IMF Bailouts?

Pakistan's Lost Decade 2010-20

CPEC Financing: Is China Ripping Off Pakistan?

Information Tech Jobs Moving From India to Pakistan

Pakistan is 5th Largest Motorcycle Market

"Failed State" Pakistan Saw 22% Growth in Per Capita Income in Last 5 Years

CPEC Transforming Pakistan

Pakistan's $20 Billion Tourism Industry Boom

Home Appliance Ownership in Pakistani Households

Riaz Haq's YouTube Channel

PakAlumni Social Network

Musharraf Era Textile Boom Returning to Pakistan?

Pakistan textile industry is booming with exports soaring 27% to more than $6 billion in the first four months (July-October) of the current...

www.southasiainvestor.com

Textile export more than 6bn dollars , good news .

 

[RealNapster]

Many big names have cut down their workforce to less than 50% ever since and nothing is sustainable

And yet we see so much growth in textile industry ? Tell me how is it possible that textile industry is giving 130% of the output while only working with 50% of the labor force ? There must have been some serious automation happening in Pakistan's textile industry.

 

[Ghessan]

Who else bought jeans lately and found out they're made in Pakistan? Haven't seen that for years

denim is in the grasp of Bangladesh, the time when we could capture this market we were pulling each other leg and countries like Bangladesh, Cambodia were preparing for this sector of textile.

all the countries including Pakistan were asked to make laws towards labor for their benefits, incentives, environment, child labor and get certified by the European Union again we were pulling each other leg.

i wish to bomb parliament but then i realize these parasites have their siblings already inducted into the system, this country and its thekedar.

 

[Ghessan]

Closing of factories elsewhere during covid came as a help in disguise for Pakistani textile and orders are line up for fy 22. All we need is to improve our quality and maintain a good delivery system so that buyers do not go back to their original vendors. Pakistani textile can reach its true potential if quality and delivery is maintained.

not entirely that covid is the reason, we are enjoying GSP+ status since 2014 but we never work to take advantage and to give incentive to the textile sector to help it grow.
we need to keep cost competitive may be people forget but whenever APTMA raise their voice the former finance minister call the meeting and they were literally abused by him. later those talk only meetings were also denied.
with this discouragement the farmer also shift the crop from growing cotton, which forced factories to import which was another effect to cost, the dollar parity.
two things textile need at the very core level that is cheap electricity and raw material.

 

[Ghessan]

Bro, “Under construction” has got nothing to do with increasing export capacity.

I am in the industry and know very well how much IK’s ft FBR’s policies have impacted the textile industry ever since 2019.

Many big names have cut down their workforce to less than 50% ever since and nothing is sustainable

you are in textile industry answer me these few questions:

1. with 50% labor how are we meeting the orders and the exports are rising?
2. why this year cotton crop is cultivated at much much larger area and the produce is good?
3. don't you think given fixed rat of electricity, textile sector is stable?
5. if you check the raw cotton import data which i can provide you, what is that for?
5. in the end FBR is improving the system by doing reforms, how is it bad?

in the end sustainability comes from economic stability, the environment is given to textile industry which has help a lot in its boom.

 

[Ghessan]

There is some important nuance that I'd like to mention here.

The part of the textile industry that the government should be promoting is the value-added sector, not just the export of cloth.

APTMA, which is a group of spinners that makes cloth to sell to the value-added sector (that make linen, t-shirts, jeans, whatever), has a chokehold on things due to lobbying and cosying up to politicians. They are making a base product, have totally failed to reinvest in better cotton crop and yield and always cry to the government for help.

The government should set APTMA straight --- force investments in the raw material so we stop importing it and focus hard on the export-oriented value-added sector, which can be a major growth factor for Pak (in addition to IT, tourism, etc.)

Govt is promoting value added sector otherwise what are they exporting to EU? raw material never goes to EU.

regarding your point towards APTMA, or raw material producers, remember no industrialist plays politics for their own factory to get losses. even when we were not exporting value added goods during last five years, there was a huge demand for this raw material within the country.

and no we cannot stop importing raw material, raw cotton we produce cannot make high quality product until we revolutionize the cotton produce by introducing new seed with high output and long staple fiber as well , this is a bit technical. we need to import high quality raw cotton to make high quality value added products which we are doing

 

[F86 Saber]

The most concerning figure in this data is the 71% increase in export of cotton yarn, while our local finished goods industry, which has the highest per unit price, profit and subsequently earns the highest revenue, is suffering due to high raw material prices, spinners are earning huge profits while generating the lowest revenue by exporting yarn. Govt. needs to put checks in place on export of cotton and cotton yarns and should encourage local sales.