Home / Knowledge / News / Textiles / Pak energy crisis puts jobs of textile workers at stake

Pak energy crisis puts jobs of textile workers at stake

15
Mar '12
The ongoing energy crisis in Pakistan has put the jobs of around 15 million textile industry workers at stake.

The Ministry of Textile Industry met severe condemnations from textile stakeholders, who are claiming that the Ministry is overlooking the interests of the sector, which is equivalent to deviating from its key goal.

According to All Pakistan Textile Mills Association (APTMA), incidences of mills turning defaulters, in most cases, are circumstantial and not deliberated.

It said gas supply was curtailed for 164 days in 2011, up from 100 days and 77 days in 2010 and 2009 respectively. In addition, the Sui Northern Gas Pipelines Limited (SNGPL) cut off the gas supply for most of the days during the first two months of the current year.

Hence, the mills are not in a condition to repay their bank dues, APTMA added.

The situation is worsening with each passing day, making most of the textile mill owners to think of closing their mills, which would put the jobs of 15 million textile workers at stake, APTMA Punjab Chairman Ahsan Bashir said.

The textile industry needs a multi-pronged bailout plan focusing on ensuring continuous power and gas supply and streamlining industry loans, Mr. Bashir said.

He added that the textile industry is not in a state to shoulder any mounting liabilities, as situation has slipped off its hands.

Fibre2fashion News Desk - India


Must ReadView All

Peru's CPTPP ratification likely to boost trade with Vietnam

Textiles | On 23rd Jul 2021

Peru's CPTPP ratification likely to boost trade with Vietnam

Peru's official ratification of the Comprehensive and Progressive...

Pic: Shutterstock

Apparel/Garments | On 23rd Jul 2021

Bangladesh to continue to attract FDI defying downturn: US

Bangladesh will stay resilient, continue to attract foreign direct...

Pic: Shutterstock

Apparel/Garments | On 23rd Jul 2021

Prime Content| Japan's clothing imports increase 4% in H1 2021

Japan’s imports of clothing and accessories increased by 4 per cent...

Interviews View All

India-EU Summit, Representatives

India-EU Summit
Representatives

India-EU FTA will provide EU with better access to a huge & rapidly...

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Vandana Narang, National Institute of Fashion Technology

Vandana Narang
National Institute of Fashion Technology

Campus placements are low due to lockdowns

Sanjay Jhunjhunwalla,

Sanjay Jhunjhunwalla

In the financial hub of eastern India, Kolkata, a humble production...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

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

Leave your Comments


July 2021

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


Advanced Search