Where does Pakistan export textiles to?

In 2019, the top partner countries to which Pakistan Exports Textiles and Clothing include United States, United Kingdom, Germany, China and Netherlands.

What is the importance of textile industry in Pakistan?

The textile industry is the largest manufacturing industry in Pakistan. Pakistan is the 8th largest exporter of textile commodities in Asia. Textile sector contributes 8.5\% to the GDP of Pakistan. In addition, the sector employs about 45\% of the total labor force in the country (and 38\% of the manufacturing workers).

How textile industries are contributing in exports of Pakistan?

According to recent figures, the Pakistan’s textile industry contributes more than 60\% to the country’s total exports, which amounts to around US $ 5.2 billion. The industry contributes around 46\% to the total output produced and exported by Pakistan. The contribution of this industry to the total GDP is 8.5\%.

What are the benefits of CPEC to Pakistan in economic sector?

There are various benefits of CPEC to Pakistan in the economic sector. The magnitude of investment and loans rendered to Pakistan under CPEC shows a sheer commitment of China to facilitate Pakistan in improving its economy and infrastructure which is required for the economic development of Pakistan.

What is CPEC and why is it important?

CPEC stands to protect the common interests which exemplify a model of mutual cooperation, coordination, and strategic communication between China and Pakistan to strengthen their friendship and connectivity in the areas of trade and economy with the other states of the region.

Why CPEC is a game changer for Pakistan?

Pakistan’s leadership calls CPEC as a game changer for Pakistan and for the whole region at large. Along with CPEC, Pakistan will turn into a commercial hub in South and Central Asia, a key partner of the regional trade. CPEC benefits for Pakistan are endless.

What is the importance of China to Pakistan?

China holds a special importance for translating and enhancing the common goal of constructive engagements. Through CPEC, the mutual bond between Pak China relations has been on the rise. The core focus of CPEC is on strengthening the economic ties between China and Pakistan.