PAKISTAN: Textile Machinery Imports Reach $405m
Textile machinery imports to Pakistan jumped at least 10 per cent to more than $405 million in the past year and may even hit the $500m mark as a result of a massive modernisation program, industry figures showed on Monday.
Reports said last year’s total of $375m of textile machinery imports has been well beaten as companies look to upgrade their machines, especially in the traditional industries of spinning and weaving.