The economy of Pakistan relies on various major industries that are being established in Pakistan, amongst which a few of them are very significant and are contributing a lot to the annual GDP of the state. Below are a few significant industries that are running in the country and are playing a vital role in stabilizing the economy of the country.
Top 10 Industries in Pakistan
All major industries that are available in Pakistan are available as well young generation who do not know about them must read below the information and increase their knowledge.
- Textile Industry
- Vegetable Ghee and Cooking Oil Industry
- Sugar Industry
- Fertilizer Industry
- Cement Industry
- Chemical Industry
- Textile Industry:
Textile Industry
The textile industry is the largest and major industry in Pakistan. At the time of partition, Pakistan received only 17 textile units in its share. The production of textiles was very low and a large number of textiles had to be imported to meet domestic, requirements. Now, Pakistan is a prominent country for the production of textiles. The textile industry accounts for 17.3% of value-added, 32.2% of industrial employment, and 60% of total exports. 354 mills were operating in the textile industry. The installed capacity of spindles was 8841 thousand and the installed capacity of looms was 10 thousand in the same year. The production of cloth was 558 million square meters by the organized mill’s sector. 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, direct financing institutions, and improvements in management and labor efficiency, etc.
- Vegetable Ghee and Cooking Oil Industry:
At the time of independence oil industry of Pakistan was very poor. Now there are 150 vegetable ghee and cooking oil factories in Pakistan. Out of these 26 are in the public sector with an installed capacity of 500 thousand tons of ghee and cooking oil. The total production of ghee and cooking oil was 774 thousand tons. A large quantity of cooking oil is imported to meet domestic needs. 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. The total production of sugar was 3247 thousand tons. 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). The total production of fertilizers was 5012 thousand tons. The low production was caused, by operational difficulties, the 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 the public sector and 20 are in the private sector. The installed capacity of cement is 16,300 thousand tons out of which 9935 thousand tons of cement was produced. 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.