News

APTMA chief writes to PM Shehbaz for gas supply to textile sector

July 1, 2022 05:09 PM


All Pakistan Textile Mills’ Association (APTMA) Patron-in-Chief Dr. Gohar Ejaz has written a letter to Prime Minister Shehbaz Sharif in which he has informed him that over 50 per cent drop in the exports of textile products was feared in July on account of suspension of the gas supply to the sector from July 1, 2022 to July 8, 2022, reported 24NewsHD TV channel on Friday.  
Gohar goes on to add that from July 9 till July 14 there were Eid holidays, which will also affect the exports. “Consequently, the exports might come down by $1 billion in the month under review,” he writes, and adds that the sector had the capacity to export products worth $2 billion per month. 

APTMA patron-in-chief further writes that during the last two years of the Pakistan Tehreek-i-Insaf (PTI) government, the country’s exports grew from $12.5 billion to $20 billion. “And the figures are expected to reach $25 billion in the next year,” he says, and adds, “But I am afraid that the stoppage of gas supply to the industry for around two weeks could dent this progress.” 

Gohar also brought this to the notice of the PM that people had invested $5 billion in the textile sector. 

Reporter: Waqas Azeem 



Most Read

  1. Solar panel rate sinks massively in Lahore Solar panel rate sinks massively in Lahore
  2. LHC orders steel mill demolition over pollution LHC orders steel mill demolition over pollution
  3. Foreigners safe after suicide-bomber targets their van in Karachi Foreigners safe after suicide-bomber targets their van in Karachi
  4. Mehar Bano and Mamya Shajaffar’s bold dance videos invite public's wrath Mehar Bano and Mamya Shajaffar’s bold dance videos invite public's wrath
  5. Finance minister rules out further rupee devaluation Finance minister rules out further rupee devaluation
  6. Iran shoots down several drones as Israel ‘launches’ attacks Iran shoots down several drones as Israel ‘launches’ attacks

Opinion

  1. Insights into the Pakistan Stock Exchange's Recent Record High Triumph
    Insights into the Pakistan Stock Exchange's Recent Record High Triumph

    By Zulfiqar Ali Mir

  2. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  3. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  4. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  5. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  6. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer