FAISALABAD: Overall exports of Pakistan are heading towards total collapse as textile exports alone have faced decline of $800 million in last four months.
Addressing a press conference on Sunday, Pakistan Textile Exporters Association chairman Rana Arif Tauseef said the textile sector was considered a mainstay of the national economy, however, it was passing through a critical juncture and sizeable decline in last four months was evidence to prove it. He said ill-conceived policies of the government were pushing the textile sector towards complete catastrophe.
Textile exporters were identifying causes behind industrial decline with appeals for required corrective steps but the government was indifferent and no proper strategy was being evolved to save the sector, he added.
Talking about the energy crisis, he said hot weather had started but gas was being supplied to the industry only two days in a week.
Similarly, electricity tariff had been enhanced manifold but still there was no respite from its loadshedding. He said decline of textile exports would hit the overall exports which might lead the country towards economic bankruptcy.— Staff Correspondent
