PAKISTAN APPAREL INDUSTRY IN DEEP CRISIS DUE TO RISING INPUT COSTS AND GLOBAL RECESSION
October 30th, 2022
In the wake of devastating floods in three of Pakistan’s provinces – Sindh, Punjab and Balochistan – the country’s textile and garment industries are facing multiple challenges compounding the destruction of cotton crop at a large-scale.
The country’s textile and apparel industries fear a major dent in export volumes, with competitiveness harmed by them having to import raw materials as a result. According to the Pakistan Readymade Garments & Exporters Association (PRGMEA) and the All Pakistan Textile Mills Association (APTMA), 40% of the ...
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