As Bangladesh’s textile industry struggles, Pakistan’s can shine. H&M and Zara are considering Pakistan as a supply chain alternative due to the turmoil in Bangladesh.
Pakistan’s textile industries are ready for a 20% export growth at 65-70% capacity. This might provide a $5 billion profit if the government acts quickly. Industry executives want lower energy prices and SRO 1125, a zero-rating regime, to offer Pakistan a competitive edge.
Despite industry voices like Interloop Limited’s Musadaq Zulqarnain warning that Pakistan may struggle to satisfy abrupt demand surges, the potential is there. Pakistan’s textile sector may cover Bangladesh’s gap and gain market share with government backing.
As time passes, will Pakistan seize this rare opportunity and succeed? The world watches.
Image Credit: https://textalks.com/shifts-in-bangladeshs-situation-raise-concerns-among-pakistani-textile-investors/
