Pakistan’s economic difficulties are reflected in the textile sector

Pakistan’s manufacturing sector, similar to the situation in various countries of the world, is experiencing a slowdown in global consumption and rising energy costs after the outbreak of war in Ukraine.

But with the deteriorating economic situation and months of political unrest, the difficulties in the textile sector, which contributes to 60 percent of Pakistan’s exports, have worsened.

The sector improved in the last phase of the covid crisis, when restrictions were lifted in Pakistan before competing countries such as India and Bangladesh, and it also benefited from government assistance, including reduced energy prices.
But in 2022-2023, tissue exports fell by 15 percent to 16,5 billion dollars.

“Unfortunately, when there is political instability and things are unclear, and the government’s policies fluctuate, it ends in an impasse,”he told AFP.

The political turmoil began in April last year, when Imran Khan was removed from the post of prime minister by a vote of no confidence.