Cotton and textile mills in Pakistan are curtailing production. Due to the worldwide economic recession and low demand, they don’t find it feasible to continue with full production in their plants.

Their operational feasibility is further affected by the high cost of doing business. Part of the curtailment of spinning operations is also due to BMR activities in line with their policy of adopting the latest technologies.The ongoing economic slowdown is continuing to tighten its grip on Pakistan’s industrial sector.

Pakistan faces multiple challenges, including rising debt, low foreign exchange reserves and an energy shortage, pushing companies to either shut down or limit their operations.The textile sector, which remains Pakistan’s largest generator of export receipts, is feeling the heat of the economic slowdown as well. Spindles are expected to restart operations after an improvement in market conditions. Also textile mills in Pakistan face a severe energy crunch and the subsequent suspension of gas supply. Pakistan earlier sought more gas imports on deferred payments from Qatar to restore gas supply to the textile industry on an urgent basis.

A 26 percent upsurge in the export of textiles during the fiscal year 2021-22 was made possible only due to the supply of energy at a regionally competitive tariff.