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Pak textile exporters threaten to move overseas

Jun 30, 2021
Pak textile exporters threaten to move overseas

Karachi

Textile exporters in Pakistan are threatening to move their production bases to overseas if the issue of power shortage is not resolved in Karachi.  According to Muhammad Jawed Bilwani, Chief Coordinator, Value-added Textile Forum, the textile exporters have formed a committee to shift the industries out of the country due to the gas crisis and the unviable business environment. He also said in a statement that, in the middle of the gas crisis in the country and the view of contradictory moves by the government, the textile exporters have formed a committee to shift the industry somewhere else.

It is believed that the committee will negotiate with the countries that will offer better business, have export-friendly policies, and attractive incentives for foreign investors. It is believed that the textile exporters who were disappointed and burdened with adverse factors were compelled to make this decision. Karachi-based industrial zones have been informed by the Sui Southern Gas Company limited about 170 million cubic feet per day gas shortfall. The company also said it would face a shortfall of 70mmcfd in July. Because of this situation, it won’t be able to offer gas equitably to all the sectors.

According to the industrialists, this disruption of gas supply has impacted production due to which export orders will be delayed and the domestic supply of goods will also be affected. 

Source – The News

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