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    Pakistan Textile Industry Relocated To Bangladesh

    2012/2/2 15:32:00 26

    Pakistan Textile Industry Bangladesh

    Pakistan's export oriented textile industry is moving.

    The People's Republic of Bangladesh

    It is intended to win a share in the preferential trade agreements between the United States and the European Union.


    Pakistan textile minister Makhdoom Shahabuddin confirmed on Tuesday that Pakistan's textile industry is gradually shifting to Bangladesh to seek more profits. Industry leaders believe that relocation is caused by Pakistan's power and gas interruption.


    Bangladesh authorities for Pakistan

    Spin

    Product manufacturers set up special zones for export processing zones to help them build businesses.

    Bangladesh, which is also short of energy, is also strives to increase electricity and natural gas supply for its important export industries.


    At the former textile center in southern Punjab, Pakistan, 60000 workers and 200 thousand families were indirectly affected.

    Neither the Pakistan authorities nor the textile owners have plans to make up for the lost jobs.


    According to the minister, over the past five years, more than 40%

    Spin

    The industry and about 200 thousand power looms have been pferred to Bangladesh, resulting in employment difficulties.


    He argues that not only is there a power crisis in Pakistan, but also in other Asian countries.

    He claims that the shortage of electricity will soon shrink, and that the state will lower the electricity price according to the requirements and improve the investment environment in Pakistan.

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