Pakistan textile sector loses USD 1bn export orders over energy crisis ...Middle East

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Pakistan textile sector loses USD 1bn export orders over energy crisis
source : Devdiscourse ( Middle East ) () 52
Amid a heavy energy crisis in Pakistan and subsequent suspension of gas supply, 300 textile mills have been closed, said All Pakistan Textile Mills Association (APTMA) Chairman Abdul Rahim Nasir on Wednesday as he urged Shehbaz Sharif-led Pakistani government to restore gas supply to the textile industry on an urgent basis. Accompanied by Aptma North Zone Chief Hamid Zaman and Senior Vice-Chairman Kamran Arshad at a press conference, he stated that a 26 per cent upsurge in the export of textiles during the fiscal year 2021-22 was made possible only due to the supply of energy at a regionally competitive tariff, stressing that a loss of almost USD 1 billion in exports has already been incurre

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