As per the All Pakistan Textile Mills Association (APTMA), if there was no supply of gas to the export-oriented industry, the textile sector could be expected to go through a $1 billion loss.
The Prime Minister, Shehbaz Sharif, had been given notification by Dr. Gohar Ejaz, Patron-in-Chief, via a letter that a reduction in textile exports of more than 50% was being expected in the month of July as an outcome of the supply of gas in the sector being delayed from July 1, 2022, to July 8, 2022.
The industry has been managing without the presence of gas or RLNG from July 1 to July 8. The APTMA president penned that there would be Eid holidays from July 9 to July 14, later on, and a shutdown of 15 days would result in a reduction of at least $1 billion, he said.
As per the statement of Gohar Ejaz, the reduction in productivity will put the company in a huge danger of losing its customers completely, including the loss of repeated business as an outcome of order delivery delays.
Hence, Pakistan could be required to request some extra loans for the maintenance of its economy.
Pakistan will be bound to look for an additional $6 billion in debts from the international countries, which might not even be possible under some circumstances, if this energy is broken down due to the provision of energy and cost limitations, as per the letter to PM Shehbaz. Â
