Multan Chamber of Commerce and Industry (MCCI) President Fareed Mughis Sheikh has said that many textile mills and value added sector units so far have been closed due to non-availability of gas rendering thousands of workers jobless.
He condemned the government’s indifferent attitude towards the Punjab-based textile industry, which has resulted in an alarming decline in exports during November 2015.
Sheikh said the export data for November 2015 reveals that exports of cotton yarn and cotton fabric have dropped by 45% and 22%, respectively, against the corresponding period in quantitative terms.
He added that the government’s apathy towards the textile industry has resulted into closure of 100 mills out of 270 mills across Punjab.
Published in The Express Tribune, December 24th, 2015.
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