Pakistan, April 1 -- As Pakistan's industrial sector witnessed an overall decline in recent years, reorganizing and modernizing this sector would be an uphill task for the new government.

With two seasoned politicians in the driving seats as President of Pakistan and the Prime Minister of Pakistan, the business community hopes for revolutionary steps to make local industry compatible with international standards for capturing more markets.

Due to the volatile situation in the country during the past half decade and rising input expenditures, many small industrialists were reluctant to invest more in the textile sector, especially the hosiery industry.

Businessmen are continuing with old and obsolete machinery although it costs them muc...