The Shortage Of Natural Gas Or The Loss Of $800 Million In Textile Orders In Pakistan
According to the Pakistan business record December 13th, the Pakistani exporters said recently that because of the serious natural gas cut off in industrial enterprises, Pakistan may have lost 800 million US dollars in textile orders.
Reported that since the winter, the natural gas shortage phenomenon.
day by day
Serious, industrial enterprises stop gas for up to 4 days a week, resulting in underemployment and rapid decline in production, affecting the European and American countries Christmas order supply.
Recently, some enterprises have taken air cargo, resulting in increased pportation costs.
In view of the shortage of energy caused by the decline in production, international buyers began to cut from Pakistan.
Imported
Textiles, Pakistan or difficult to achieve the export target of $10 billion 500 million textiles.
Exporters expect next year's international orders for Pakistan textile industry to drop by 50%.
Johal Khokhar, chief coordinating officer of PRGMEA, said that the summer power restriction and winter gas restriction will bring a heavy blow to Pakistan's manufacturing industry, which will lead to a further trade deficit. (Ijaz)
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The rupee exchange rate declined and tax level declined.
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