150 textile closed, more than 2 Million unemployed in Pakistan

[AZ1]

 

[SIPRA]

We precisely deserve it.

 

[Genghis khan1]

- Bajwa doctrine.
- American danda.
- Administrator PM
- NRO-2 and **** videos.
- Retirement of Billionaire COAS.
- Administrator PM namak halali COAS in the office.

 

[epebble]

View attachment 906499

Textile sector on its knees after rising energy prices

LAHORE: The textile sector is going through a severe crisis due to skyrocketing energy prices as 150 textile mills shut down in the last five months, ARY

arynews.tv

Also, other signs of coming severe contraction:

FDI drops by more than half to $430m​

FDI drops by more than half to $430m

The falling inflows reflect foreigners don’t consider Pakistan an attractive destination for investment at present.

www.dawn.com

CAD shrinks to $3.1bn in July-November​

CAD shrinks to $3.1bn in July-November

SBP says the decline is mainly due to a fall in imports by $4.8bn (16pc), while exports broadly remain unchanged.

www.dawn.com

Hard-pressed people dealt terrible blow as milk, flour rates upped in Karachi​

Hard-pressed people dealt terrible blow as milk, flour rates upped in Karachi

Commissioner notifies milk price at Rs180 per litre; Flour rate goes up from Rs96 per kg to Rs104 per kg.

www.dawn.com

 

[Samlee]

This happens every time n league comes to power the economy goes to the toilet

APTMA laments high cost of doing business – Business Recorder

fp.brecorder.com

 

[Bilal9]

This is happening globally, energy prices are to be blamed....yes even in China.

 

[RealNapster]

View attachment 906499

Are we talking about the same textile mills which about a year ago stoped taking further orders because they took plenty of advance orders and it was difficult for them to fulfill further demand ?? Wonder what changed in a year.

 

[SoulSpokesman]

@epebble

As per the Dawn article you quoted the price of milk is PKR 180/litre. If it is full fat milk, it is fine- the price of the same here is INR 63/litre. Same adjusted for exchange rate.

Regards

 

[N.Siddiqui]

Congratulations to Mil-Establishment with their megalomaniac ways and bloated egos. Their regime change operaton should go on even if the whole country, the economy, the people gets destroyed.

Haven't learnt from the 71 debacle, after that this is their greatest achievement.

 

[epebble]

@epebble

As per the Dawn article you quoted the price of milk is PKR 180/litre. If it is full fat milk, it is fine- the price of the same here is INR 63/litre. Same adjusted for exchange rate.

Regards

Comparing prices internationally without considering purchasing power is not helpful. Rs 180 per liter translates to less than $3 per Gallon while I pay $3 per gallon. But Rs 180 is a larger amount of that purchaser's earnings compared to $3 for me.

 

[N.Siddiqui]

What a sad reflection, just 8 months ago, textile mills were getting orders as orders moved from rivals to Pakistan and there was a shortage of skilled to semi skilled laborers in Textiles. Was working to full capacity in three shifts.

Textile, construction sectors headline PTI’s 5.5m job creation claim

Factory owners say hiring of fresh blood in other sectors has remained insignificant.

www.dawn.com

Pak textile sector receives export orders for 6 months

Get updates on Pak textile sector receives export orders for 6 months and more news related to textile industry at Fibre2Fashion

www.fibre2fashion.com

Pakistan's textile sector jumps to full capacity production | The Express Tribune

Spike comes after govt withdrew duties and taxes on raw cotton import in Jan

tribune.com.pk

Pakistan’s Textile Exports to Surge as Orders Move From Rivals

Pakistan’s textile sector is bringing cheer to its flailing economy, with exports set to swell to a record after gaining an edge over South Asian rivals during the pandemic.

www.bloomberg.com

 

[AZ1]

while our media and anchors ike chamaar zada

 

[crigar]

yesterday I saw a Pathan beggar. In my whole life, this wasn't happen before. bajra has destroyed us even the ghayor between us are feeling the heat

 

[pikkuboss]

@epebble

As per the Dawn article you quoted the price of milk is PKR 180/litre. If it is full fat milk, it is fine- the price of the same here is INR 63/litre. Same adjusted for exchange rate.

Regards

You can no longer compare prices with conversion rates. Purchasing power and per capita GDP comes in.

 

[AZ1]

https://twitter.com/x/status/1603952902627803138

باہر سے پیسے آنے تک پیسے ریلیز نہیں کر سکتے،گورنر سٹیٹ بینک آف پاکستان​