The Pakistan Textile Council (PTC) has warned of challenging times ahead for the country’s textile industry. According to officials, Textile sector faces layoffs, shutdowns as export growth slows: PTC chairman. The slowdown in international orders is causing concern among manufacturers and workers alike.
The PTC chairman explained that rising input costs, energy shortages, and global market pressures are major factors behind the declining export growth. Many factories are struggling to maintain operations, and several may face temporary closures. Textile sector faces layoffs, shutdowns as export growth slows: PTC chairman, he added, highlighting the risk to thousands of jobs.
Industry analysts noted that the textile sector contributes significantly to Pakistan’s economy, accounting for nearly 60% of total exports. Any disruption in production could impact foreign exchange earnings and overall economic stability.
Exporters reported that global demand for textiles has softened due to economic slowdowns in key markets. In addition, competition from other producing countries has intensified, further straining Pakistan’s textile businesses.
The PTC chairman urged the government to take immediate measures to support the sector. He recommended financial incentives, energy subsidies, and policies to ease the cost of raw materials. Such interventions, he said, are critical to prevent mass layoffs and factory shutdowns.
Trade bodies emphasized the importance of stabilizing the sector, as it directly affects workers, supply chains, and the wider economy. Experts warned that without timely support, the challenges could deepen, leading to more severe consequences for manufacturers and employees.
Officials remain hopeful that targeted government support and policy reforms can revive the sector. Measures such as export promotion schemes, reduced taxes, and improved infrastructure could help boost production and restore confidence among stakeholders.
The PTC chairman concluded that Textile sector faces layoffs, shutdowns as export growth slows: PTC chairman, urging all stakeholders to collaborate and take swift action to protect this vital industry.
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