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Related Keywords: cost of doing business in Pakistan, cost of electricity in Pakistan, cost of energy in Pakistan, cotton bales in Pakistan, spindles capacity, textile exports of Pakistan, Textile Industry, textile mills in Pakistan

During the last three and a half months, over one million spindles capacity has been closed down in Pakistan mainly because of the unbearable high cost of doing business, said Tariq Saud, chairman of All Pakistan Textile Mills Association (APTMA).

He said that all these spindles were predominantly contributing to the exports of the country.

Related Keywords: cotton index, fabric industry, regulatory duty on yarns, spinning mills in Pakistan, textile industry of Pakistan, textile mills in Pakistan, weaving mills

All Pakistan Textile Mills Association (APTMA) Central Chairman Tariq Saud stated that the government’s decision of imposing regulatory duty of 10% on yarn and fabric is sensible and based on thorough facts.

Around 40% capacity of spinning, weaving and processing mills has become impaired, closed and inoperative.

In this situation, the government’s decision would play a crucial role in saving the textile industry of Pakistan to come out of the crisis, said Tariq.

Related Keywords: energy managment system, German International Cooperation, GIZ, Pakistan textile industry, save 10MW electricity, Sustainable Production Centre, textile mills in Pakistan

The Pakistan textile industry in collaboration with German International Cooperation (GIZ) through implementation of Energy Management System in several mills has achieved target of saving over 10MW electricity. APTMA and GIZ cooperation was started back in 2008.