Pakistan is the world’s 4th largest producer and 3rd largest consumer of cotton. The Textile and Clothing Industry has been the main driver of the economy for the last 50 years in terms of foreign currency earnings and job creation. The Textile and Clothing Industry will continue to be an important engine for the future growth of the economy; there is no alternative industry or service sector that has the potential to benefit the economy with foreign currency earnings and new job creation, especially if synergy is developed among different sub-sectors and efforts are made to aggressively grow the Ready-made Clothing Sector. Pakistan’s Textile Industry has proved its strength in the global market during the last four decades. It has proved its strength even in the post-quota era by not only sustaining its position but, also showing growth from 2005 to 2007 but declined to $11.1 billion in 2008 due to financial and economic meltdown globally. The Garment Sector & especially the Knit Garment Sector need special focus in future policies. The industry consists of a large-scale organized sector and a highly fragmented cottage / small-scale sector. The various sectors that are a part of the textile value chain are: Spinning, most of the spinning industry operates in an organized manner with in-house weaving, dyeing, and finishing facilities. Weaving comprises small and medium-sized entities