ISLAMABAD: Pakistan’s exports to China increased by double figures in fiscal year 2021, surpassing $2 billion. The effects of the FTA phase 2 between the two iron brothers is clear in the fact that, despite the pandemic, Pakistan’s exports to China are steadily increasing, but there is still enormous potential to be discovered.
“Pakistan’s economy is mostly driven by domestic cotton production.” Unfortunately, local cotton output is falling, forcing the country must: depend on imported cotton, according to a report published on Friday by Gwadar Pro.
Eventually, with Chinese involvement in agricultural R&D, technology, and machinery, we will be able to compete once again,” Mr. Engn: Bilal Jamil, Senior Vice President, APBUMA, stated in an interview with Gwadar Pro.
Pakistan’s home textile industry is mostly SMEs and is directly subject to local cotton yarn supply, which is based on local cotton output.
Engn: According to Bilal Jamil, Pakistan’s production of cotton has been steadily declining in recent years.
Pakistan’s home textile industry is mostly SMEs and is directly subject to local cotton yarn supply, which is based on local cotton output.
Engn: According to Bilal Jamil, Pakistan’s production of cotton has been steadily declining in recent years.
A responsible cotton production is critical to the textile industry’s competitive edge.
Last year, yarn rates increased steadily due to reduced cotton production and increased yarn demand, impeded by the home textiles industry.
