The increase in the prices of electricity, gas, petrol, dyes and chemicals has further affected the textile industry of the country already reeling under several pressures, ccording to All Pakistan Textile Process Mills Association (APTPMA).
Lamenting the 31 percent increase in gas rates and 16 percent rise in power rates, APTPMA sources in a press release observed that the increase in input costs would make Pak textiles uncompetitive in the world market and cut badly into the export share of this vital sector.
They said that the Faisalabad textile sector and related industries have announced a shutdown from July 11 for an unspecified time to protest the increase, and demanded that if the government wants the industry to survive and function, it must revert the prices of gas, power, petrol, dyes and chemicals to the pre-budget position.
APTPMA Lahore/Gujranwala region have announced support of the Faisalabad textile organizations and urged the government to review the price increase of these major industrial inputs.
All Pakistan Textile Process Mills Association
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