Strategic export revival programme to be unveiled this month

The Pakistani government plans to reopen over 1,600 textile industries that were shut down in the past 16 months, aiming to unlock the country's full production capacity potential by providing competitive energy pricing, working capital support, speedy refund payments, enhanced market access, and product diversification. This comes as the overall export earnings in August show a modest month-on-month recovery, with a 14.27% increase. The government also plans to revive regionally competitive energy tariffs to support the industrial sector and boost exports.

dawn.com

Relevant topic timeline:

8/22/2023

Pakistan’s textile industry struggles due to low exports and inflation

Pakistan's textile industry is facing significant challenges, with textile exports falling by 15% and many mills and manufacturing units shutting down or facing closure due to lack of orders. The industry is also grappling with economic slowdown, disruptions in the global supply chain, and a decrease in cotton production. These issues have resulted in job losses and a decline in export volume, impacting not just the economy but also the livelihoods of many workers.

9/2/2023

Market traders strike in Pakistan over power bills and inflation

Public markets across Pakistan were closed due to a strike by retail associations over rising electricity prices, exacerbating the country's economic recovery challenges.