By M Furqan Khan, TS4A
While I was roaming around orkut, I saw a poll at a community. The poll was “future of textile industry is bright in Pakistan! do u agree? I want to click on yes but I didn’t find any strong reason to click “yesâ€. This yes or no opened the knots of my mind and I have been compelled to think and write about this drowning industry. Unfortunately I am one of those guys who believe in the philosophy of half emptied glass but here conditions are worst! even the glass is two third empty.
As we all know, Textile industry serves as a backbone in the economy of Pakistan. It consists of the greatest job sector accommodating about 43% labor and blah blah blah…..but the question is that what we have done for this sector so far? Last year textile sector earned 52.5% of foreign exchange which in the past was touching 70%. I don’t know what the exact reason was for this great decline but there may be number of reasons which I have discussed.
Firstly, after the implementation of WTO, Pakistan’s quota for textile has been ended up and therefore price and quality are the two ultimate factors to compete in international market. Sadly Pakistan wasn’t prepared for this and therefore lost number of buyers consisting a considering number of European buyers.
Secondly, the political situation of our country isn’t stable. Continue reading “Two-third Emptied Glass”