The patron-in-chief of the All Pakistan Textile Mills Association (APTMA), Gohar Ejaz, sent a letter to Prime Minister Shehbaz Sharif on Monday to discuss problems in the textile industry.
The letter went on to suggest that exports will decline if problems in the textile industry were not addressed.
He pressed on PM Shehbaz the need to reduce gas rates in Punjab for the textile industry so that they were on par with Sindh.
Since cotton worth Rs 5 million was lost in the devastating floods, the APTMA Patron-In-Chief Gohar Ejaz claimed that pricey cotton had to be imported to run the textile sector.
The All Pakistan Textile Mills Association (APTMA) had voiced concern on the economic crisis in the textile industry, claiming that 60% of the industry is on the brink of liquidation.
Approximately sixty percent of the industry, the APTMA Patron in Chief wrote, is “on the brink of closure” due to the tremendous liquidity shortage. He also noted a decline in exports and the government’s decision to halt tax refunds after 72 hours.