پاور لوم سیکٹر بحران: درآمدات، بڑھتی لاگت سے یونٹس بند، 1 لاکھ نوکریاں ختم

The power loom sector in Pakistan is in deep trouble, with 40% of units in Faisalabad closing and over 100,000 workers losing jobs. Industry leaders blame cheaper Chinese yarn, grey cloth, and finished textile products, alongside soaring utility bills and taxes. The Council of Loom Owners Association urges stronger Customs checks to combat under-invoicing of imports, which harms local manufacturers and government revenue. This significant economic distress and job losses could weigh on Pakistan's economic outlook, potentially impacting the Pakistani Rupee and increasing demand for gold as a hedge against local currency weakness.

بحوالہ / Source: www.dawn.com