Related Keywords: All Pakistan Textile Mills Association (APTMA), current fiscal year, FOB price, import duty, Pakistan textile industry, polyester staple fiber (PSF), world dependence on Polyester
Pakistan’s textile industry which is the largest manufacturing industry in the country and contributes about 8 % to its GDP is becoming “unviable” in terms of export of yarn and fabric said the All Pakistan Textile Mills Association (APTMA) Chairman S.M.Tanveer.
The industry growth has become stagnant due to non-diversification since long. He further highlighted that the world dependence on Polyester is around 70% at present against merely 19% in Pakistan. This situation has made it difficult for local industry to find place in the world market.
