Pakistan: Within 5 months, more than 150+ spinning and weaving textile mills in Pakistan were closed, due to which more than 2 Million people became unemployed.
According to the details, the crisis of the textile industry in Pakistan intensified, and 150+ spinning and weaving textile mills were closed during the last 5 months.
Textile mill owners said that more than two million people have become unemployed; the production cost of the industry has increased by 100% under the current government.
The owners complained that before the new government came in, electricity rates were Rs 18, which have now gone down to Rs 36, and petrol increased from Rs 150 to Rs 214 Per Litre.
The mill owners say that gas is not available to the industry, LCs are not open, and raw materials are not available to run the textile industry, if the government does not take immediate notice, more textile mills will be closed.
Source: Startup Pakistan
