The textile industry in Pakistan is upgrading its machinery and ploughing some of the profits from two good cotton harvests back into the industry.
 
<p>The country imported $339.11m worth of textile machinery between July last year and May this year, compared with $177.65 for the same period last year.
 
<p>Industry sources say the industry needs around $1.5bn annual investment and expansion over the next three years to compete in the global market. 
 
<p>During the last two years, around $600m had been invested into the textile industry.
 
<p>The only concern is that most of the investment is being made by big industrial groups who only make up 20 per cent of the entire textile industry.