Pakistan’s textile exports may decline by % year-on-year
Mohsin Aziz, President of the All Pakistan Textile Factories Association (APTMA), recently stated that due to Pakistan’s severe energy shortage, Pakistan’s textile products will be Exports may fall by 30% compared to the previous fiscal year. He believes that Pakistan’s textile exports this fiscal year may not exceed US$12 billion, significantly lower than the export target of US$16 billion.
Aziz said that ongoing power shortages, natural gas supply restrictions, high interest rates and other factors have led to a significant reduction in Pakistan’s textile industry output, making monthly exports less than US$1 billion in the past six months. Under normal circumstances, Pakistan’s monthly textile exports The amount should exceed US$1.25 billion. Aziz called on the central bank, the Ministry of Textiles, the Ministry of Commerce and other departments to consult with the textile industry and take appropriate measures to support the textile industry in order to enhance Pakistan’s national economy, create jobs and increase exports.
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