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These changes in the industry are exciting as they open many doors
and the window of opportunity. Progress is propelled by industrial development. A
higher demand by consumers creates more products and services.
Historical background:
Pakistan at the time of partition in 1947 had a negligible industrial
base. It got only 34 industries out of total 955, while remaining were held by India.
Such a small number of industries were not enough for a newly born country to
face the industrialized world. With the passage of time Pakistan utilized it’s all
available resources domestic as well as external for rapid development of
manufacturing sector.
But now Pakistan is an independent state located in South Asia and
ranked as the world’s 55th country with the largest factory output. The country's
industrial output is approximately 4% of the country's GDP and has cotton textile
production and apparels manufacturing as the largest industry in the country
accounting for 66% of all export items and employs approximately 40% labor
force in the industry. The use of cotton has increased by about 5.7% in the country
over the last five years, and the economic growth has been averaging about 7%. As
of 2010, the spinning capacity in Pakistan had 10 million spindles, and textile
exports were valued at $15.5 billion
Industries of Pakistan:
Following are the main industries of our country
Textile Industry
Sports Industry
Sugar Industry
Cement Industry
Fertilizer Industry
Mining Industry
Pakistan has fast deposits of numerous minerals and other natural
resources, and some of the most important minerals in the country include
limestone, chromate, gypsum, iron ore, gold, silver, rock salt, copper, precious
stones, coal, gemstones, marble, graphite, fireclay, sulfur, and silica among others.
The province of Punjab has the world’s largest deposits of salt, while the province
of Balochistan is an area with rich deposits of oil and gas, although it has not been
fully exploited or explored.
The government of Pakistan has recently pursued policies to develop
the region so that it can exploit the vast resources found in the region. Other
deposits of minerals such as zinc are found particularly in the southern part of the
country, while the western part has deposits of gold.
Manufacturing Industry
Pakistan is one of the largest manufacturing countries in the
world, and it is ranked as the 30th largest. Manufacturing industry accounts for
approximately 20% of the total output in the country, and over the last five years,
the manufacturing industry has experienced an average growth of 3.4% annually.
Presently Pakistan produces around six million metric tons of steel per
year. This includes: raw products (iron ore and scrap); flat products (sheets and
plates, used in the automotive sector); and long products (steel bars, wire rods, rails
and structures used in infrastructure development and tubes and pipes). However,
per capita steel consumption in Pakistan is very low at 23.5 kilograms, against 58.6
kilograms in India, as well as the Asian average of 261.3 kilograms and global
average of 216.9 kilograms.