Islamabad/IBNS: The Pakistani government has lost textile exports of USD 250 million in December amid gas supply closure to the sector in Punjab for 15 days, media reports said on Saturday.
According to the work done by the All Pakistan Textile Mills Association (APTMA), the Punjab textile sector has sustained losses of USD 250 million in exports because of the suspension of gas supply in December 2021, reports The News International.
However, sanity prevailed in the government circles and the Ministry of Energy restored gas from December 29 though with less gas supply of 75mmcfd by mid-January while pledging that it will be increased up to the optimum level after the peak winter season was over, the newspaper reported.
Shahid Sattar, Executive Director, APTMA, when contacted, confirmed to the newspaper that USD 250 million worth of textile exports were lost last month, which will never be recovered after mills in Punjab were denied gas for 15 days.
Sources told the newspaper that the gas being supplied to the export sector is less than 75mmcfd despite the fact that the industry is purchasing gas at USD 9 per MMBTU instead of $6.5 mmcfd during the winters.