ISLAMABAD, May 5 (APP): Pakistan has been successful in establishing
and growing its apparel manufacturing industry, however, more can be done to realize its potential as a regional hub and to continue to boost opportunities, especially for women and the poor, according to a new World Bank report.
“The Stitches to Riches? Apparel Employment, Trade and Economic
Development”, was launched in Pakistan Thursday, aimed at demystifying the global and South Asian apparel markets, estimating the potential gains in exports and jobs, and identifying policies that can unleash country’s export and job potential compared with those of their closest competitors in the Southeast Asia region (Vietnam, Cambodia, and Indonesia), a bank report said.
The report found that it was important for South Asian economies to
remove existing impediments and facilitate growth in apparel to capture more production and create more employment as wages rise in China.