Business Management Dynamics

Double Blind Peer Reviewed - Open Access Jounal

Home  |   Contact Us

 

ISSN: 2047-7031

bmd Business and Management Dynamics bmd
ISSN: 2047-7031  
Volume  2   Issue 10  2013  
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Article Abstract
Role of Textile Sector in Domestic Resources Development
Keywords:  Textile Sector, Trade, Pakistan, Cotton Industry
Dr. Bashir Ahmed Khaliji , Seyed Ibne-Ali Jaffari , Akmal Shahzad and Muhammad Mehtab
Exports play a pivotal role in economic affairs of Pakistan by providing benefits at both macro and micro economic level. The textile industry being the backbone of the Pakistan's economy is participating significantly in the export sector of Pakistan. The aim of this study is to review the export performance of textile industry and to estimate role of textile in total exports of Pakistan by using the time series data for the period of 1972-2006. The study uses the co integration regression (OLS Principle) in estimation process. It is observed from export review of textile industry that progress made by textile industry is accorded to the natural advantage of the industry in the form of raw material base especially cotton. Despite of having inbuilt potential the industry failed to develop in highly value-added products. Due to which demand for our textile products are declining day by day in the new era of WTO. The fluctuation in exports of the textile industry occurred mainly due to fluctuation in cotton production, incompatible export policies, and international market situations. The estimated results indicate the significant and positive impact of textile exports on total exports of Pakistan. The gross domestic product shows positive association with respect to total exports. A negative impact of exchange rate volatility is observed on total exports. The cotton production and consumption of raw material indicate positive and highly significant relationships with total exports of Pakistan as per its objectives.
14-27   |  View PDF