Pakistan's Textile Hub Urges Government Action Amid Economic Strain

Pakistan's Textile Hub Urges Government Action Amid Economic Strain

Pakistan Business Forum (PBF) in Faisalabad, the country's textile hub, has urged the government to implement immediate policy measures to protect the struggling textile sector. Leaders highlighted severe challenges including soaring energy costs, high financing rates, and escalating production expenses, which are weakening export competitiveness and threatening SMEs. They called for industry-friendly policies, affordable energy, and easier access to finance to revive industrial growth. Continued economic strain on key export sectors like textiles could pressure Pakistan's trade balance and the Rupee, potentially influencing local gold prices.

بحوالہ / Source: www.brecorder.com