PAKISTAN: Authorities exempt textile sector from power cuts
Authorities in Pakistan have announced an end to the power cuts that have plagued the country's textile and garment industry.
The decision, which is said to have been effective since 10 April, follows an order from the country's president.
However, Ahsan Bashir, chairman of the All Pakistan Textile Mills Association (APTMA) Punjab region, claims that instead of implementing the decision, authorities are forcing textile firms to reduce their energy consumption by 25%.
He is urging the Federal Minister for Water and Power to intervene and ensure uniform distribution across the country, especially for the textile industry.
The energy crisis has hit a sector where Foreign Direct Investment (FDI) dropped by 65% in the nine months from July-March. Imports of textile machinery are down 12%, and exports of textiles and clothing have fallen by 9.4%, the latest figures show.
- What Marks & Spencer's numbers mean for clothing
- Tanzania adds to Africa’s apparel sourcing mix
- Supply chain weighs on Kering's green footprint
- Balance essential in garment supply chain
- Where next for 3D design and prototyping?
- AGOA delays drag on sourcing decisions
- American Eagle Outfitters Q1 earnings soar
- EU and Turkey to update customs union
- Burberry shares slide as FY outlook slashed
- Gap brand sales continue to fall short