Home / Knowledge / News / Textiles / Efficient use of oil, key to tackle hiking prices - Govt
Efficient use of oil, key to tackle hiking prices - Govt
Jan '08
In the recent research surveys, it has been revealed that in spite of insufficiency of power, Pakistan continues to loose billions in wasteful energy consumption, which could have been put to better and constructive use.

Experts are of the opinion that the country can save as much as US $3 billion in its annual oil import bill by enforcing an effective energy conservation plan.

While the sky rocketing oil prices touching $100 per barrel has already taken its toll on the country's economy, power shortage is another major crisis engulfing Pakistan into an impassable turmoil.

Its time the Government takes measures to conserve energy by means of inculcating habits for 160 million of its current population.

Estimates show that industrial, agriculture, transportation sectors, and residential areas are together wasting energy worth nearly $2 to $3 billion per annum. On the contrary experts believe that energy on the whole can be conserved by about 15 to 25 percent.

While the chemical industry can save up to Rs16.05 million; leather and textile can hive up Rs0.26 and Rs12.60 million respectively. On an average, Pakistan can secure Rs915 million per annum from energy conservation.

Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Nuno Venda

‘There has been an increase in demand for water based inks, rather than...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler

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

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2018

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

news category

Related Categories:

Advanced Search