Textile Exporters Continue To Stop Buying In Pakistan

　　 Pakistan textile The exporter decided to continue the stop buying movement of yarn and grey fabrics because of the excessive price increase and decided to stop production. Under the worsening situation, they will close their factories. The decision was made at an emergency meeting of local textile exporters on Wednesday, which reviewed the current situation. situation Decide Yarn speculation Start fighting again with hoarding.

The recent increase in yarn prices is fatal to the textile industry, and the harm brought by uncontrolled speculation is spreading in the market. The price of local yarns has risen sharply due to speculation and hoarding, which has hurt manufacturing industries and value-added textile sectors. This situation has led industrialists not to run their factories, and industrialists should strive to survive.

Textile exporters say that the textile industry has lost its way to recession, because the rise in production costs has been out of control, and because of high prices, exports are not competitive. Under such plateau material prices, they can not continue to produce.

Exporters in Pakistan have been under the pressure of economic crisis, domestic industrial crisis and continuous energy crisis, which seriously affected industrial and trade behavior. Pakistan's textile exports have been declining, and industry and commerce are being squeezed. The textile industry is the only sector in Pakistan that can increase exports and generate millions of extra jobs. It is a sector that generates objective income. The added value textile sector is a labor intensive textile sector, employing over 1800 workers and employing a large number of workers in the subsidiary sector. Therefore, the production of added value textile sector is the best interests of the country.

　　 The supply of natural gas has been more fuel and the textile industry is at the brink of collapse. Under such circumstances, they were forced to continue to stop the purchase of yarn and grey fabrics. They restated that polyester fiber is an optional raw material, but the price of polyester fiber has also increased, hitting the exporter of textiles. They called for the abolition of import duty on polyester fibers.