The manufacturing sector in Pakistan plays a significant role in the country's economy, accounting for around 13% of Pakistan's GDP. The sector is diverse and includes a range of industries, such as textiles, leather, pharmaceuticals, and engineering.
In recent years, the manufacturing sector in Pakistan has faced a number of challenges. One major challenge has been the limited availability of electricity and other energy resources, which has made it difficult for manufacturers to operate efficiently and at a competitive cost.
Another challenge has been the lack of access to modern technologies and equipment, which has hindered the sector's productivity and competitiveness. In addition, the sector has also been affected by issues such as a lack of skilled labor, inadequate infrastructure, and regulatory barriers.
Despite these challenges, there have been some efforts to modernize and revitalize the manufacturing sector in Pakistan. For example, the government has implemented policies to support the development of infrastructure, improve access to credit and other financial resources, and provide training and extension services to manufacturers. In addition, there have been initiatives to promote the adoption of new technologies and techniques, such as Industry 4.0.
Overall, the current state of Pakistan's manufacturing sector is one of mixed progress and challenges. While there have been efforts to modernize and improve the sector, it continues to face significant hurdles that need to be addressed in order to ensure sustainable and long-term growth.