Pakistan-Textile Industry; Roundup: Pakistan's Government Solves Textile Crisis

Textile industry, the backbone of Pakistan's economy, accounts for 8 percent of the country's gross national product, 42 percent of total employment in large scale manufacturing and more than 60 percent of the country's total export receipts.
In the last three years, the textile industry confronted the most serious recession in decades.
The sharp fall in cotton output from 1991 to 1994, caused by cotton virus and floods, led to dramatic increases in cotton prices in the country.
The textile industry was hit hard by increasing power rates and high interest rates on commercial loans following ...