NEW DELHI, Nov 5: Pakistan’s textile sector, once the backbone of its economy, is in crisis due to poor governance, structural inefficiencies, outdated technology, and inconsistent policies.
Exports fell 3.83% in Q1 FY26 to $7.61 billion, while imports rose, and September saw an 11.71% decline. High logistics costs, energy shortages, and policy instability have undermined competitiveness.
Short-term subsidies and rebates offered temporary relief but failed to ensure sustainability. Industry experts warn that without urgent reforms, more closures, job losses, and declining foreign exchange earnings are likely, while regional peers like India, Vietnam, and Bangladesh strengthen their export edge. (IANS)
