News Tags

Related Keywords: APTMA, energy supply, Heimtextile exhibition, imposed regulatory duty, new textile policy, Pakistan announced, Punjab based textile industry, SNGPL restricted gas supply, substantial export orders, textile export

With the new textile policy 2014-19 being announced, according to All Pakistan Textile Mills Association chairman S M Tanveer taking the textile exports to $26 billion in next five years would remain a dream in case the energy supply remained situation dismal, particularly in Punjab and hence the proposal to make availability of electricity at 8 cents per unit for feasibility of textile industry in Pakistan has been put forward.

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.

Related Keywords: energy supply, Pakistan textile industry, Textile

The All Pakistan Textile Mills Association (APTMA), has claimed that energy supply to textile industry has resulted in 21 percent increase to $215 million in December to December period and now APTMA is hopeful to achieve $3 billion exports out of the capacity, which was earlier closed.

Aptma’s zonal chairman SM Tanveer said on Wednesday that increased supply of electricity and gas to the industry in Punjab had resulted in growth of textile and clothing exports.