Textile: Gas outages take toll on exports
Textile exports dropped 20% to $819 million in November 2011 against $1.03 million in November 2010.
FAISALABAD:
Continuous suspension of gas supply has hurt industrial production badly and exports have dropped substantially, threatening the livelihood of daily wage-earners, say industry stakeholders. Talking to the media here on Monday, Pakistan Textile Exporters Association Chairman Rana Arif Tauseef said textile exports fell 14% to $1.02 million in October 2011 compared to $1.18 million in the same month of previous year. Similarly, textile exports dropped 20% to $819 million in November 2011 against $1.03 million in November 2010. “If this trend continues, the textile export target will remain a far cry,” he said, adding many export units had stopped functioning, leading to cancellation of export orders.
Published in The Express Tribune, January 10th, 2012.
Continuous suspension of gas supply has hurt industrial production badly and exports have dropped substantially, threatening the livelihood of daily wage-earners, say industry stakeholders. Talking to the media here on Monday, Pakistan Textile Exporters Association Chairman Rana Arif Tauseef said textile exports fell 14% to $1.02 million in October 2011 compared to $1.18 million in the same month of previous year. Similarly, textile exports dropped 20% to $819 million in November 2011 against $1.03 million in November 2010. “If this trend continues, the textile export target will remain a far cry,” he said, adding many export units had stopped functioning, leading to cancellation of export orders.
Published in The Express Tribune, January 10th, 2012.