Pakistan Energy Crisis Affects Textile Machinery Exports

< p > due to the energy shortage crisis of the textile industry < /a > in Punjab area of Pakistan Province, the reduction of orders and the export of textile products have been affected. According to Pakistan officials, the import volume of Pakistan textile machinery has also been reduced correspondingly. The collapse of Pakistan's domestic textile machinery imports has directly led to the confidence of Pakistan's domestic entrepreneurs to invest in the domestic textile industry, which has been greatly reduced in the past years. < /p >
< p > according to the official of Pakistan, the import volume of Pakistan textile machinery reached US $193 million 864 thousand in the first half of fiscal year 2012 (beginning in July 1st in fiscal year 2012), down 15.4% from last year. Last December, Pakistan textile machinery exported 30 million 500 thousand US dollars, down 55.6% compared to the same period last year. The sharp drop in imports of Pakistan's textile machinery was mainly due to the decline in total production capacity of textile machinery. The decline of export capacity of textile machinery products is mainly caused by the extremely serious energy crisis in Pakistan. According to industry analysts, the collapse of imports of domestic textile machinery in Pakistan directly led to a sharp decline in confidence in Pakistan's domestic entrepreneurs' investment in the domestic textile industry, while the continuous electricity and gas crisis in Pakistan has particularly affected its confidence in investment. < /p >
< p > Pakistan is Asia's eighth largest a href= "http://www.91se91.com" > textile > /a > exporting country. The textile sector contributed 9.5% to the GDP of the state, providing employment for about 15 million people, accounting for about 30% of the total 49 million employees in the country. Pakistan is the fourth largest cotton producer in Asia, and the third largest spinning country, after China and India, contributing 5% of the world's yarn production capacity. Pakistan is also one of the major cotton producing countries in the world. The textile industry can give priority to domestic abundant cotton resources in the process of modernization. At present, there are 1221 cotton gin units, 442 spinning units, 124 large spinning units and 425 small textile producing units in Pakistan. Even with these advantages, Pakistan's total share of global textile trade is less than 1%. This ratio looks disappointing. < /p >
Mr. Ahsan Bashir, President of the Textile Industry Association (APTMA), "P > > a href=" http://www.91se91.com/news/ "> Pakistan, < /a >, said that from the beginning of July 1, 2013, if the energy supply is not interrupted, the export of textiles and clothing in Pakistan will increase by 1 billion US dollars. He added that despite the shortage of electricity and energy, the textile industry in Pakistan continued to grow 8.55% to $500 million in the first half of the fiscal year. He said the president of Pakistan has pledged to supply 5 days of electricity and natural gas to the textile industry every week from February. He said that if continuous supply of energy and electricity, the textile industry imports can reach 140-150 billion target. < /p >
< p > in the past few months, due to the shortage of power and energy supply in the textile industry in Punjab, Pakistan, the Pakistan textile industry has lost about $1 billion in export orders. Pakistan garment and Garment Manufacturers Association said that because of the shortage of energy and electricity supply, Pakistan clothing industry can not buy raw materials, such as yarn and fabric. He said that due to the shortage of electricity and natural gas, 40% of the spinning factories in Punjab province were closed, resulting in a decline in yarn and dyed fabric production, forcing exporters to postpone delivery. < /p >