LAHORE – Mohsin Aziz, chairman of the All Pakistan Textile
Mills Association (APTMA) said that the textile industry is strong
enough to meet the export shortfalls.
He said that the industry has borne a loss of $1 Billion in the first 3 quarters of the current financial year comparable to the same quarters of the preceding financial year. He blamed the energy crisis and financial barriers for the loss industry suffered. The same has reflected in the export of the textile industry which fell by 10 percent in monetary terms while 30 percent in terms of quantity. he said if the energy crisis were not there then the industry would have crossed the exports more than $12 Billion which is currently $9 Billion. He said the industry has potential to reach the previous year’s benchmark as well as the flung more higher than this if and only if they are being provided with uninterrupted energy supply, both electricity and gas.
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He said that the industry has borne a loss of $1 Billion in the first 3 quarters of the current financial year comparable to the same quarters of the preceding financial year. He blamed the energy crisis and financial barriers for the loss industry suffered. The same has reflected in the export of the textile industry which fell by 10 percent in monetary terms while 30 percent in terms of quantity. he said if the energy crisis were not there then the industry would have crossed the exports more than $12 Billion which is currently $9 Billion. He said the industry has potential to reach the previous year’s benchmark as well as the flung more higher than this if and only if they are being provided with uninterrupted energy supply, both electricity and gas.
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