Import of textile machinery has plunged by 6.4 percent in the first half of 2005-06 measured with the matching phase of previous year as a result of high mark-up rate in the country.
A steady decline in new outlay, if it happens, may effect in lessening in the share of Pakistan's textiles internationally, say experts.
According to a study by the Lahore Chamber of Commerce and Industry (LCCI) board on WTO, global textile trade is set to enlarge from the present US $350 billion to $800 billion by 2014 and Pakistan's share in it is 2.7 percent.
India has four percent share whereas China has 26 percent.
According to guess, Asia's contribution in the world textile trade would enlarge from the present level of 54 percent to about 75 percent by 2014.
This situation offer a chance to Pakistan to surpass further and its share could reach to the level of 4 to 5 percent, provided that fresh investment persists in the segment. The textile segment has made a new investment of $5 billion since 2001 till date.
Textile sector specialist are of the vision that the nation needs an investment of $1.2 billion per annum if it has to touch the level of $32 billion exports by 2014 from the present position of around $9 billion.
Experts fear that the country would not be able to meet the target since the manner in which the investment in capital arrangement has inverted of late, mainly due to high mark-up rate and non-availability of any thing like India's technology up-gradation fund plan.
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