Textile Machinery, Garment & Technology Industry Food Equipment & Technology Industry
The textile industry is one of the most important sectors of Pakistan. It contributes significantly to the country's GDP, exports as well as employment. It is, in fact, the backbone of the Pakistan economy. Pakistan is the 4th largest cotton producer in the world and the 3rd largest cotton consumer. In Pakistan the main driver of export for the last 50 years is textile and investment of US$ 7.5 billion has come to Pakistan over the last ten years.
Pakistan's Principal Textile Exports
Incentives
Availability of internationally acclaimed raw cotton
Dedicated Textile and Garment Cities
Reduction of import duty to 5% on textile machinery and parts and ginning presses
Research and Development (R &D) support of 6%
Turnover tax reduced to 1% and Sales tax reduced to 2%
Investment Opportunities
Land is available at Karachi Garment City, Lahore Garment City and Faisalabad Garment City to develop the following industries:
