The Textile Policy Of The Pakistan Government Failed To Produce Positive Results.
A variety of difficulties and ongoing energy crises will drag down the export oriented and labor-intensive countries.
Spin
The sector will lead to disaster. The closure of industrial units will lead to an increase in unemployment rate, triggering industrial upheavals and worsening the legal and order situation.
Chowdhury, a former coordinative chairman of the North Branch of the Pakistan knitwear manufactures and Exporters Association (PHMA), said that industrial and textile policies had not produced positive results so far, because irrigation and fuel adjustment costs rose every month.
Natural gas
Stop breathing continues.
Chowdhury pointed out that the rising production cost is the core issue of the textile industry.
drawback
It has a negative impact on exports, resulting in fiscal tightening.
Many of the decisions taken in the 2009-14 textile policy announced the tax rebate and the 2009 textile policy have produced good results, and the export of value-added textiles has increased over the past two years.
But now industrial output is declining and investment in the textile and garment sector has been draining away.
Chowdhury demanded that the textile industry should exempted natural gas from stopping gas, which is in line with the great interests of the national economy.
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