Related Keywords: acute energy shortage, APTMA, currently fnancial year, domestic consumer, energy supply, industrial tarifff, no new investment, Pakistan government, Pakistan textile sector, prioritizing, Punjab textile industry, S M Tanveer, shut down, suspension of gas, textile exports loses to $2.2 bn, Textile Industry
The Punjab-based textile industry, which contributes 70% of the total textile sector of Pakistan, fears that if the sector is not given supply of energy, the textile exports loses will go up to $2.2 billion over the rest of current financial year, said Central Chairman SM Tanveer of All Pakistan Textile Mills Association (Aptma).
Overall textile exports of Pakistan in six months between April and September shows that the country has already lost $1.2 billion on the account of acute energy shortage in Punjab, which is an alarming sign.
