Textile is Pakistan's largest industry, which has created 67% of Pakistan's foreign exchange income and 40% of direct or indirect jobs

Textile is Pakistan's largest industry, which has created 67% of Pakistan's foreign exchange income and 40% of direct or indirect jobs, so it is indisputably the largest pillar industry of the country. According to CCFGroup's statistics, Pakistan had more than 15 million spindles of spun yarn capacities in 2019 and an annual yarn output of more than 3 million tons, with larger scale than that of Turkey.

Pakistan has a large cotton planting area, and its output is similar to that of Turkey. The chart below shows cotton output of the two countries in the past two years. In 2022/23 crop year, about 1/3 of the land in Pakistan is affected by catastrophic floods. Among them, cotton production has decreased by more than 30%, close to a reduction of 500kt. At the same time, the output of various food crops decreased significantly, which is another important reason for the substantial inflation in the country.