Future Projection of Textile Industry

Middle Eastern Finance and Economics ISSN: 1450-2889 Issue 13 (2011) © EuroJournals Publishing, Inc. 2011 http://www.eurojournals.com/MEFE.htm

Textile Sector Performance of Pakistan
Farah Naz Naqvi Assistant Professor, Hailey College of Banking & Finance, University of the Punjab, Lahore, Pakistan E-mail: farah_adnan99@hotmail.com Adeel Nasir Research Scholar, University of Central Punjab, Lahore, Pakistan Usman Yousaf Lecturer, Hailey College of Banking & Finance, University of the Punjab, Lahore, Pakistan E-mail: usman_you@hotmail.com Adnan Haider Branch Manager, Standard Chartered Bank. Lahore, Pakistan Muhammad Ahmad Assistant Professor, University of Central Punjab. Lahore, Pakistan Abstract This research paper prescribe the issues and challenges face by Pakistan textile industry before and after the MFA regime and it carries the laws and regulations by implementation of the WTO agreements and Pakistan maintain and grow its textile sector after considering WTO specifications, this paper also discusses the factors impedes the growth of the textile sector and also provide certain recommendations how to get though to these factors. This is the descriptive study, to conduct the empirical analysis a sample of thirty textile firms has taken, cloth production and yarn production from 1974 to 2009 is taken and draw some conclusion on the basis of graphical representations and moving averages. The theme of this paper is specifying the development of textile sector of Pakistan.

Keywords: Textile Sector, MFA (Multifiber agreement), Growth, Quota, Issues.

1. Textile Sector Performance of Pakistan
Textile industry has always been the backbone of the Pakistan economy and it contributes many times in the development of Pakistan in terms of creation of job and earning from foreign trade. Last forty years are the indication of the Pakistan strength in this industry, currently Pakistan is the forth larger producer of cotton although the effects of global economic...