The All Pakistan Textile Mills Association (APTMA) warned that if gas supply was not ensured to the export-oriented industry, the textile sector could expect to witness a staggering loss of $1 billion.
Dr. Gauhar Ejaz informed Prime Minister Shehbaz Sharif via a letter that the country’s textile exports were expected to go down by more than 50% the month of July as the the result of unavailability of gas supply from July 1, 2022, to July 8, 2022.
Pakistan’s textile industry will operate without proper gas supply or RLNG between July 1 to July 8. The APTMA president stated that employees would be away for Eid holidays from July 9 to July 14, and a shutdown of 15 days would result in a loss of at least $1 billion, he said.
Gauhar Ejaz claimed that as a result of no gas supply and inoperability, the textile industry would be in a huge danger of losing its customers completely due to order delays.
Therefore, the government might have to request some additional loans for the sustainability of its economy.