Sialkot: Sialkot readymade garment business was facing downfall as it suffered a great financial loss of US$ 2 billion during the ongoing fresh spell of load shedding of electricity and gas. There was a record thirty percent big decline in readymade garments’ total exports from Pakistan.
Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ejaz A Khokhar has stated this while talking to media persons on Friday.
He said that this nasty situation was getting worst day by day and unbearable for the readymade garments exporters as well. It should be a point of grave concern and an “eye opener” for every one, he added.
He revealed that the foreign buyers were canceling and diverting their import orders from Pakistan to China , Bangladesh and India, as the Pakistani exporters were unable to ensure the timely dispatch of their export consignments to the foreign destinations on prescribed scheduled time due to the unending prolonged load shedding of power and gas , in this regard. He urged upon the federal government to ensure some direly needed effective measures on war-footing to save this industry from collapse.