The Pakistan textile industry faces risk of closure of 50 percent of companies due to soaring energy prices. “Urgent government action is needed to address the crisis and safeguard the sector’s competitiveness, employment, and economic stability,” the All Pakistan Textiles Mills
A Chinese delegation compromising of leaders from the textile industry met with the Pakistan Commerce and Industry Minister to explore opportunities for cooperation in the textile industry. The Vice President of China Chamber of Commerce for Import and Export of Textiles (CCCT) Zhang Xinmin held talks with Minister for Commerce and Industry, Dr Gohar Ejaz. […]
Exporters from the Pakistani textile industry are seeking subsides and incentives to boost the prospects of the exports industry, which is reeling under a slowdown. These incentives include preferential cost-based electricity tariff, deferral of principal and interest payments on loans and restoration of a no-sales tax payment scheme. The industry also proposed priority