300 Thousand Of Pakistan'S Textile Industry Is On Strike.

According to Pakistan's recent report, in October 14th, all Pakistan

The company closed factories and went on strike to protest the growing cost of doing business, and warned the government that if the relevant requirements were not met within a week, the strike would continue.

The APTMA said the strike would cause a loss of 1 billion 800 million rupees to Pakistan's textile industry, and 300 thousand of textile workers lost their jobs for a day.

The main reason for this protest is the increasing electricity tariffs and the government's natural gas infrastructure development tax (GIDC). It is said that the two additivity will increase the operating cost of textile enterprises by 170 billion rupees annually.

At present, the tariff of Pakistan textile mill is 15 cents per cent, which is nearly 2 times the 8-9 cent of the neighboring competitors.

In the case of the EU's ultra GSP treatment, Pakistan textiles

There has been a decline, and the main competitor.

The textile industry received $66 billion in investment and 10% in subsidies.

At present, there are 15 million industrial workers in Pakistan's textile industry, but due to the high operating costs, 30% spinning mills have closed down.