GDP: $311 billion/$2,100 per capita (2002)
GDP Change: +5 percent
Population: 150.6 million
Unemployment: 7.8 percent
Textile & apparel imports to U.S.: $2.2 billion, up 13.5 percent*
Key products: Cotton yarn, cotton cloth, knit apparel, cotton trousers
Currency: 55.31 Pakistan rupees = $1 U.S.
Textile and apparel employment: 15 million
Major companies: Irfan Textiles (Pvt) Ltd., Klass Textiles (Pvt) Ltd., Sarah Textiles/TeefauPakistan, the U.S.’s fourth-ranked supplier of apparel and textiles as measured by square-meter volume (it ranks 10th in dollar volume), is expected to gain U.S. market share in textiles and apparel when quotas are lifted on textiles and apparel among World Trade Organization members in 2005. Pakistan’s abundant cotton crop could give it a boost over other developing countries that don’t have adequate supplies of raw materials. Textiles and apparel represent 68 percent of its total $9.8 billion worth of exports to the world, with the U.S. market alone representing almost one-quarter of its exports. The Pakistani government’s textile initiative attracted considerable foreign investment in the country last year and the government is expected to continue promoting its cotton exports. Industry executives are keeping a close eye on Chinese apparel and textile prices, which are expected to drop sharply when quotas are lifted at the end of the year. They contend they will be able to compete in such niche areas as cotton sheeting, cotton yarns, cotton cloth and knit apparel.

* FOR THE 12 MONTHS ENDED NOVEMBER 2003, COMPARED WITH COMPARABLE YEAR-AGO PERIOD

SOURCES: U.S. STATE DEPARTMENT’S COUNTRY COMMERCIAL GUIDE, U.S. DEPARTMENT OF COMMERCE, THE CIA WORLD FACTBOOK, OANDA.COM

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus