Cotton Processing and Spinning Industry in Pakistan: A Case Study of Lyallpur City

Abstract

This study explores the growth of cotton processing and spinning industry in Lyallpur. Cotton industry was established by British government especially in Lyallpur which was renowned as the greatest industry of Pakistan. Cotton the white gold enhanced the position of spindles and spinning industry. These industries played important role in the economy of Pakistan generally and especially in Lyallpur, a city of Punjab. Library research has been used to analyze the growth of cotton processing and spinning industry in Lyallpur. Primary and secondary sources were used to draw a rational conclusion. This study observed that due to vague strategy of governments the cotton industry faced problems in growth. Heavy taxes were imposed on production of cotton industry and many taxes were also imposed on the imports of industrial machinery. This study recommends that government should reserve a special budget for industry. Machinery and industry must be given rebate on imports and exclusion of taxable income.