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Overview and Importance
The synthetic and rayon sector provides crucial inputs for Pakistan’s textile industry, supporting a range of applications from fashion apparel to technical textiles. This sector offers alternative materials like polyester, nylon, and rayon, which are widely used in global markets.
Role in Export Diversification
Synthetic and rayon fibers enhance the diversity of textile exports by enabling manufacturers to create different types of fabrics. These materials are essential for functional clothing, such as sportswear and workwear, where synthetic fibers offer durability and performance.
Environmental Concerns and Sustainable Practices
With environmental scrutiny over synthetic production, manufacturers are shifting toward eco-friendly alternatives, such as recycled polyester and bio-based fibers. Sustainable production practices are becoming critical for maintaining export competitiveness.
Growth Potential
With global demand rising for technical and functional textiles, the synthetic and rayon industry holds growth potential in Pakistan. Investments in sustainable fiber production can enhance the country’s export offerings and align with global trends.
Kreston Hyder Bhimji & Co. is a well-respected chartered accountant firm based in Pakistan. With over 53 years of experience in the industry, the firm has a deep understanding of the local business landscape and regulatory environment.
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