The Pakistan textile industry has taken a hit due to a global consumption slowdown and rising energy costs caused by the war in Ukraine. It was further hit by the critical state of the economy and political chaos. The sector accounts for 60% of Pakistan s exports, and many factories have recently closed temporarily or are no longer running at full capacity.
Pakistan s textile industry, which makes up 60% of the country s exports, has been hit hard by competition from other Asian countries, as well as the economic slowdown and political instability.
Pakistan's textile industry faces economic woes amid political chaos, leading to factory closures and job losses. Export decline impacts global market share
LAHORE: As Pakistan s textile industry loses ground to more nimble Asian competitors, factory worker Lubna Babar was made redundant at the beginning of the year — one of the many victims of.