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

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Frank Gossmann
Rotorcraft AG

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

September 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
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

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
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

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
6.4%
Skip
6.4%

Total Votes: 47

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
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


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