Major Industries of Pakistan
The economy of Pakistan is relying on various major industries which are being established in Pakistan, amongst which few of them are very much significant which are contributing a lot in the annual GDP of the state. Below mentioned are the few very much significant and important industries which are running in the country and are playing the vital role in stabilizing the economy of the country.
In the Asian region, Pakistan is in the list of producing good quality cement due to this it is highly demandable in Middle Eastern Countries like Africa, Sri Lanka, Afghanistan and India. So, to increases the export processes, most of the cement unit resides in
the Karachi. Currently 27 cement industries are running and playing an essential role in enhancing the economy of the country thus contributing towards prosperity and growth.
Major Industries of Pakistan
Vegetable Ghee and Cooking Oil Industry:
- Textile Industry: The production of textile was very low and a large quantity of textile had to be imported to meet the domestic, requirements.
The textile industry is the largest and major industry of Pakistan. At the time of partition, Pakistan received only 17 textile units in its share.
Pakistan's industrial sector accounts for about 24% of GDP. Cotton textile production and apparel manufacturing are Pakistan's largest industries, accounting for about 66% of the merchandise exports and almost 40% of the employed labour force. Cotton and cotton-based products account for 61% of export earnings of Pakistan. The consumption of cotton increased by 5.7% over the past five years while the economic growth rate
was 7%. By 2010 the spinning capacity increased to 15 million spindles and textile exports hit $15.5 billion. Other major industries include cement, fertilizer, edible oil, sugar, steel, tobacco, chemicals, machinery and food processing.
Now, Pakistan is a prominent country for the production of textile. The textile industry accounts for 17.3% of value added, 32.2% of industrial employment and 60% of total exports. There were 354 mills operating in the textile industry in 2011-12.
Pakistan is also a major producer of Bituminous coal, Sub-bituminous coal and Lignite. Coal mining started in the British colonial era and has continued to be used by Pakistani industries after independence in 1947.
The installed capacity of spindles was 8841 thousand and installed capacity of looms was 10 thousand in the same year. The production of cloth was 558 million square meters by the organized mills sector.
Analysis Overview 2016: Cement Industry is one of the most important and influential industrial sector of Pakistan that have a major role in the socio-economic development of Pakistan. Due to the existence of raw material this industry is gaining its position day by day. It is found that the natural reserves for the clay and limestone will hopefully endorse this industrial sector for more than 50 years. However, from the last few years the cement sector is
consumed only 50% of its installed production. At the beginning, the annual production of the cement was just 3lacs tones a years, but with the passage of time annual production increases at an enormous rate. Moreover, this industry has also witnessed its ups and downs but steadily this sector has got its buoyant over again.
Various steps have been taken by the Government for the growth of the textile industry e.g. the provision of incentives, freedom to acquire technical assistance from abroad, directly financing institutions and improvements in management and labor efficiency etc.
At the time of independence oil industry of Pakistan was very poor. Now there are 150 vegetable ghee and cooking oil factories in Pakistan.
Major reserves of copper and gold in Balochistan's Reko Diq area have been discovered in early 2006. The Reko Diq mining area has proven estimated reserves of 2 billion tons of copper and 20 million ounces of gold. According to the current market price
, the value of the deposits has been estimated at about $65 billion, which would generate thousands of jobs.
Out of these 26 are in the public sector with an installed capacity of 500 thousand tons of ghee and cooking oil. Total production of ghee and cooking oil was 774 thousand tons in 2011-12. A large quantity of cooking oil is imported to meet the domestic needs.
Pakistan has extensive energy resources, including fairly sizable natural gas reserves, some proven oil reserves, coal (Pakistan has the largest coal reserves in the world), and a large hydropower potential. However, the exploitation of energy resources has
been slow due to a shortage of capital
and domestic political constraints. Domestic petroleum production totals only about half the country's oil needs, and the need to import oil has
contributed to Pakistan's trade deficits and past shortages of foreign exchange.
The decline in the production of vegetable ghee is due to lower scale turnover and operational difficulties & closing down of two units in N.W.F.P. Sugar Industry:
In 1947, there were only 2 sugar factories in Pakistan, but at present there are 77 sugar factories in the industry. During the year 2011-12 total production of sugar was 3247 thousand tons.
Khyber Pakhtunkhwa Province accounts for at least 78% of the marble production in Pakistan. Pakistan is home to some of the most finest and purest grades of marble, granite and slate found in the world. Much of the grades A Marble that is exported out of European countries like Italy actually have their origins in Pakistan which previously lacked fine polishing and processing machinery. The Government has taken steps to invest in this crucial sector with the recent establishment of a Marble City within Balochistan.
Revolutionary steps are required to expand the working capacity of this industry, which must be expanded and facilities should be provided to farmers for the production of better crops. Fertilizer Industry:
There are 10 fertilizer units (6 in the public sector and 4 in the private sector) in the country, having an installed capacity of 42, 98,000 N. Tons (16, 74,000 N Tons in the public sector and 26, 24,000 N. Tons is the private sector). Total production of fertilizers in 2011-12 was 5012 thousand tons.
The Canadian conglomerate Cathy Oil and Gas signed a memorandum of understanding in late 2006 to invest $5 billion in oil and gas exploration, development, production and commercialisation in Pakistan.
The low production was caused, by operational difficulties, decline in working hours and power failure/load shedding. A number of concessions are provided for the growth of this industry. Cement Industry:
At present 24 cement factories are operating in the country, out of these 4 factories are in public sector and 20 are in private sector. The installed capacity of cement is 16,300 thousand tons out of which 9935 thousand tons of cement was produced in 2011-12.
The country has immense reserves of variourg minerals and natural resources. Important minerals found in Pakistan are gypsum, limestone, chromites, iron ore, rock salt, silver, gold, precious stones, gems, marble, copper, coal, graphite, sulphur, fire clay, silica. The salt range in Punjab Province has the largest deposit of pure salt found anywhere in the world. Balochistan province is a mineral-rich area having substantial mineral, oil and gas reserves which have not been exploited to their full capacity or fully explored, recent government policies have begun to develop this region of
the country and to tap into the immense resources found there. The province has significant quantities of copper, chromite and iron, and pockets of antimony and zinc in the south and gold in the far west. Natural gas was discovered near Sui in 1952, and the province has been gradually developing its oil and gas projects over the past fifty years.
This Major industry of Pakistan has been allowed duty free import of plant and machinery. Chemical Industry:
There are 12 chemical factories in the country producing, soda ash, sulphuric acid, caustic soda, chlorine gas and other chemicals. The contribution of the chemical industry towards GNP is only 3%. This industry is not fulfilling domestic requirements, so a large amount of foreign exchange is spent on the import of different chemicals every year.
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