PAKISTAN POWERLOOM OWNERS UPBEAT ABOUT INDUSTRY’S FUTURE OUTLOOK
April 1st, 2019
REDUCED energy tariffs for Pakistan’s export-oriented textile sector look set to kickstart a revival in the country’s ailing power loom industry.
It has been struggling due to a dip in demand for exports, which the industry blames to a significant degree on high gas and electricity rates over the past decade, said Waheed Khaliq Ramey, chairman Council of Power Looms Owners Association, who said it has sparked a 10% reduction in operations in Faisalabad - the hub of Pakistan’s power loom industry, with 250,000 of the country’s 300,000 looms in the ...
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