Cotton Industry of Pakistan

COTTON FACT SHEET PAKISTAN Pakistan has the 26th largest economy in the world with a gross domestic product of USD504.3 billion and a GDP per capita of USD 2,600. It has a population of almost 176.2 million people (2008 estimates). OVERVIEW Pakistan is the quaternary largest cotton plant producer and consumer (preceded by China (Mainland), India and the USA). The cotton perseverance is an integral aspect of the economy. This is also true of the fabric celestial sphere on which the economy is heavily dependent. As such cotton is a principal crop. Mill consumption of cotton has increase from 1.3 million stacks in 1990/91 to 2.6 million tons in 2007/08. ECONOMICS Production in 2007/08 totaled rough 1.9 million tons, with an average yield of 620 kilograms/hectare. The cotton application employs approximately 15 million people. Pakistan has been a net importer of cotton since the mid(prenominal) 1990s. This is due to expansion in domestic demand for cotton. Pakistanis cotton exports stand been below 65,000 tons for the ago three seasons. The imports are significantly higher. Pakistans cotton imports have been increasing. Pakistan is currently the 2nd largest importer of cotton (behind China Mainland) with 880,000 tons in 2007/08. Pakistan imports a large amount of its cotton from the United States, specifically the Pima/Extra Long Staple cotton.

In addition, in 2007/08, Pakistan import significant quantities of short to medium staple cotton from India. cotton wool imported from India is more cost effective since its cheaper to grapple and transport over land than sea. Cotton trading is facilitated by the fact that the government has no quantitative restrictions or duties on imports and exports of cotton. The Pakistan economy is linked to the success of the cotton and textile sectors. They depend for 8.2% of the value added in agriculture and 2% of GDP. Furthermore, the cotton and textile industries dominate exports, accounting for 55% of export value. The textile industry has been growing and is of considerable... If you want to get a full essay, found it on our website: Orderessay

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