Home / Knowledge / News / Textiles / Energy shortage mars Pak textile sector – APTMA chief
Energy shortage mars Pak textile sector – APTMA chief
07
Aug '14
The growth of the Pakistani textile industry is being marred due to a liquidity crunch and shortfall in electricity as well as gas supplied to the industry, a top official of a textile trade body - All Pakistan Textile Mills Association (APTMA) said.

According to the Daily Times, APTMA Central Chairman - Yasin Siddik was quoted as saying that textile exports have recorded a dismal performance in the just completed fiscal year.

He said that the industry could achieve exports of US $13.7 billion in the just completed fiscal year against US $13 billion in its previous fiscal year and the $13.7 billion has come in the background of the target of $16 billion set at the beginning of the last fiscal year.

The biggest hurdle in exports and smooth operations is the shortage of both gas and electricity to textile mills in Punjab state, which constitutes 70% capacity of the entire Pakistan textile sector, he said.

He added that exports of yarn in quantity terms registered a 26 percent dip, while that of fabrics declined 35 percent in the last quarter of the just completed fiscal year.

Yasin Siddik continued, “This has further triggered serious supply chain issues for the value-added sector beginning from knitting, woven to apparels and bed linen, which have consequently failed to avail GSP plus facility from the European Union.”

He warned of large scale bankruptcies in the textile sector if these issues were not addressed at the earliest as the shortages had already led to closures of 40-50 percent of capacities”, he added.

He was also apprehensive of the fact that under the present conditions, it will be difficult for the industry to buy the new cotton crop, which has already started arriving in the market.

He requested the government to provide uninterrupted electricity supply to industry and 250 million cubic feet per day gas supply to Punjab-based mills for in-house generation.

Besides this, he urged for an expedient processing of sales tax refunds as per commitment of the Finance Minister in the budget speech.

He also urged the government to announce a new Textile Policy 2014-19, which will help the sector to overcome structural imbalances. He also requested the Pak government to pursue the US and urge it to offer free market access facility as the one extended by the EU.

Fibre2fashion News Desk - India


Must ReadView All

Indian govt approves special package for leather, footwear

Textiles | On 16th Dec 2017

Indian govt approves special package for leather, footwear

The Union Cabinet chaired by PM Narendra Modi has approved a special...

EU parliament resolution calls for Cambodia sanctions

Apparel/Garments | On 16th Dec 2017

EU parliament resolution calls for Cambodia sanctions

Following the ongoing crackdown in Cambodia on the opposition and...

Affordable prices to be hit if US pulls out of NAFTA: NRF

Apparel/Garments | On 16th Dec 2017

Affordable prices to be hit if US pulls out of NAFTA: NRF

US retailers’ ability to offer consumers quality products at...

Interviews View All

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Top executives
Textile industry

The foremost issue is bridging the skill gap

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search