Energy woes: over 40 percent of textile industry has shifted to Bangladesh?

Source: Business Recorder.

By ABDUL RASHEED AZAD

More than 40 percent of the Pakistani textile industry and around 0.2 million power looms have shifted to Bangladesh in the last five years due to energy crisis in Pakistan and better incentives in Bangladesh, which has created serious employment related problems in the country.

Discussion with the industry stakeholders, farmers’ representatives and officials of Textile Ministry revealed that only in Punjab over 200,000 families are directly or indirectly negatively affected. Mohsin Aziz Khan, Chairman All Pakistan Textile Mills Association (APTMA) said that about 15 million people are directly or indirectly associated with textile industry and around 3 to 4 million people have been negatively affected, adding that the sector is facing six hours power outages daily, besides two-day gas loadshedding.

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