Asian News International
Karachi [Pakistan], June 28 (ANI): Pakistan textile exporters have threatened to move their industries to other countries as they are reportedly perturbed from gas load-shedding and the ongoing energy crisis in the country.
Citing a statement of Pakistan Apparel Forum (PAF) Chairman Jawed Bilwani, The Express Tribune reported that textile exporters have formed a committee for due diligence to shift industries in the wake of gas crises and unviable business environment.
During a meeting of prominent textile exporters of Pakistan, it was mentioned that since last 15 days (from June 11 2021) there was zero gas pressure, which has crippled industries and halted export production. During fiscal year 2020-21, some 99 days out of 320 working days, gas pressure was zero or low, he added.
Perturbed with energy crisis, Pakistan textile exporters plan to shift industries to other countries
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Pakistan textile exporters plan to shift industries
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Source: AHL research
ISLAMABAD: Textile and clothing exports shrank in February from a year ago on the back of a decline in value-added exports, data released by the Pakistan Bureau of Statistics (PBS) on Tuesday showed.
The export value of these sectors fell to $1.23 billion in February from $1.27bn over the corresponding month of last year, showing a decline of 3.12pc.
Fall in exports of value-added sectors contributed to a decline in overall exports from the sectors.
The July-February figures showed that growth in textile and clothing exports came from the value-added sector. The value of exports reached $9.99bn in the July-Feb period this year as against $9.37bn over the corresponding months of last year, showing a growth of 6.69pc.