Textile Archives - Energy Update

High Power Tariffs Crippling Pakistan’s Textile Exports

July 20, 2024July 20, 2024 Admin

ISLAMABAD: Amid a decline in textile exports in June, industry leaders have urged the government to renegotiate agreements with Independent Power Producers (IPPs) to rescue the struggling sector. They argue that the exorbitant cost of electricity, driven by capacity charges, is unsustainable. Former caretaker minister for Commerce and Industry, Gohar Ejaz, criticized the government for imposing Rs24 per unit in IPP capacity payments on consumers. Khurram Mukhtar, Patron-in-Chief of the Pakistan Textile Exporters Association (PTEA), echoed this concern, calling for a revision of these agreements. The debate over IPP capacity…

Expensive gas hits textile exports

December 22, 2023December 22, 2023 Admin

KARACHI: High gas prices appeared to have made textile exports uncompetitive on the world market resulting in an eight per cent month-on-month and 7pc year-on-year decline to $1.3 billion in November. In rupee terms, the country’s textile exports clocked in at Rs376bn, down by 7pc month-on-month but rose 19pc year-on-year owing to rupee depreciation against the dollar, said a note by Topline Securities on Thursday. Basic textiles witnessed a fall of 14pc MoM and a rise of 20pc YoY to $243m in November. The YoY substantial increase resulted from the…