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