According to APTMA, textile mills in Punjab faced disruptions in gas and electricity supply. As a result, the textile industry faced significant losses. The suspension of gas put about 80 percent of the industry at risk of shutting down.
Official data by the Ministry of Commerce revealed that textile exports fell by an alarming 61 percent in the first nine days of January. All Pakistan Textile Mills Association (APTMA) also confirmed that textile exports witnessed a steep decline.
The data revealed that Textile production decreased by $290 million in the first nine days of 2022, according to projections, with value-added textiles accounting for $213 million and other textiles accounting for $77 million. In terms of both value and volume, this loss translates into a 61 percent decline.
According to APTMA, textile mills in Punjab faced disruptions in gas and electricity supply. As a result, the textile industry faced significant losses. The suspension of gas put about 80 percent of the industry at risk of shutting down. To clarify, the disruptions delayed and backed up delivery of goods which is a permanent loss to the industry.
