Pakistan’s textile exports fell 61 per cent in the first nine days of January, shows official data by the Ministry of Commerce. Data released by the All Pakistan Textile Mills Association (APTMA) also confirms, Pakistan’s textile production declined by $290 million in the first nine days of 2022. Production of value-added textiles accounted for $213 million and other textiles accounted for $77 million in terms of both value and volume, as per a report by the Global Village Space.

Textile mills in Punjab faced disruptions in gas and electricity supply leading to a huge loss to the industry. In October 2021, APTMA had announced a $5 billion investment in the textile sector. It hoped textile exports to hit $21 billion in FY22. SAPM Abdul Razzak Dawood, says, the $5 billion investment will help establish 100 new textile units in Pakistan. Of the $5 billion, $2.5 billion will be used to install new machinery while the remaining will be pumped in by June 2022. Abdul Bashir, Chairman, APTMA, adds, the if government policies remain consistent and long-term the textile sector will hopefully grow by 20 to 25 per cent each year.

However, frequent disruptions in gas supply and low electricity voltages are making it difficult for the textile industry to meet its targets, he adds further.

By Fashionating World
https://www.fashionatingworld.com/new1-2/pakistan-s-textile-exports-decline-61-per-cent-in-january