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Textile sectorPakistani textile industry is witnessing the worse ever demise in history due to energy crises and unfriendly policies of the current government.Chairman Aptma ( All Pakistan Textile Mills Association) lambasted the government by revealing the shocking facts about the alarmingly worse condition of Textile industry. He stated that government’s nonchalant attitude towards the health of the textile industry is evident from the fact that seat of the textile minister is vacant from last one year.

Chairman Aptma ( All Pakistan Textile Mills Association) lambasted the government by revealing the shocking facts about the alarmingly worse condition of Textile industry. He stated that government’s nonchalant attitude towards the health of the textile industry is evident from the fact that seat of the textile minister is vacant from last one year.

He told that almost 70 textile mills had been closed down within last and one and half years with thousands of labourers suffering unemployment. Hostile policies of the government have made the textile sector inapt for investment, as no considerable investment has been witnessed in this industry from last ten years.

The government policy to run the coountry by mortgaiging the national institutions is just increasingt the debt burden. Government has already taken 70 billion dollars in debt and amount wiould hike upto 110 billion dollars by 2020.

Loss witnessed by the Pakistan’s Textile Industry

The textile industry has faced a loss of 5 billion dollars in exports. This year overall loss remained 32 billion dollars with the shortfall of 13 billion dollars. Our production cost is much higher as compared to India and Bangladesh if we are basing our economy on debt then the macroeconomic condition would soon collapse.

He also elaborated that government is just taking no action to boost the economy which has become debt oriented.

The Government is running the economy by mortgaging the national institutions; it has already taken a debt of 70 million dollars, and this would mount up to 110 billion dollars by 2020.

Our production cost is much higher as compared to India and Bangladesh if we are basing our economy on debt then the macroeconomic condition would soon collapse. He also elaborated that government is just taking no action to boost the economy which has become debt oriented. He alarmed that by 2020 we would become 110 billion dollars foreign debt,

Amir Riaz Chima also called for the new import and export policy in the textile sector, and He demanded the government to lift taxes from the import of textile fibres.

Worsening Situation of Textile Industry due to crises of Power

As compared to Pakistan India ‘s textile industry is equipped with the latest and state of the art machinery., while our industry still relies on centuries-old traditional spinning wheels. The industry is facing the shortfall of 3 million bales of cotton.

Energy is the backbone of every economy. Unfortunately, Pakistan economy is unable to stand upright due to the deteriorating condition of the power sector. The shortfall in the electricity has severely hit the textile industry and brought the industry to an alarming state. Chairman Aptma Amir Riaz Cheema demanded that govt should provide more gas connection to the textile industries. He urged the government to slash the ever rising prices of electricity.

Punjab the worse victim of Power Shortfall

Syed Ali Ahsan Chairman Aptma Punjab told that textile sector is facing production shortfall of 2 billion dollars. He also highlighted that Punjab is paying 12Rs per unit while other provinces are paying only 6 Rs per unit, In this way, the government is recovering the loss from the theft of electricity in other areas by charging higher prices to the Punjab.

 

PEPCO is selling the electricity 10 Rs. per unit to the textile  while it buys for 4.5 paisas per unit only.

Aptma is of the opinion that government didn’t pay attention to the demand of textile sector and this would lead to the severe setback for Pakistan’s economy not only for the particular industry.

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