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Tuesday, April 5, 2011

#pakistan suffers losses of 2.5 billion dollars in textile exports

The country may lose foreign exchange worth over $2.5 billion, as the textile export target of $4 billion in the last quarter is now on stake amidst gas suspension of three and a half days a week to the industry.
The textile export target for the last three months of the fiscal year 2010-11 was targeted at $4 billion but due to unavailability of gas only export of $1.5 billion may be achieved, said Chairman of the APTMA Gohar Ejaz after the executive committee meeting.

Grabbing of pakistan's budget by the pakistan Army for itself, incluing development aid provided by International donors, leaves the civilian government with no resources to look after and reform the textile and power generation industry.