Pakistan's Textile Industry in Crisis: Urgent Measures Needed
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- Published: Sunday, 05 November 2023 00:43
Pakistan's textile industry, which has been a vital cornerstone of the national economy, is facing a severe crisis. According to the caretaker federal minister for commerce, more than 1,600 textile factories have shuttered in the country over the last 16 months. A combination of factors, including high energy costs, gas supply shortages, low gas pressure, and complications in the sales tax refund system, are driving this downturn.