Natural gas shortage in Pakistan is hurting because it is most important for export industry. Gas shortage in Pakistan is putting more stress on weak economy. As economy is already facing wreaking currency and accelerating inflation.
Executive Director of All Pakistan Textile Mills Association Shahid Sattar said, about $250m exports projects were lost in recent month due to gas supply issues in Punjab. Because mills had to shut down for 15 days. Most factories in province are depending on liquified natural gas. While house hold supply diverted to other regions, he added.
Because local supply has subsided in last years, Pakistan is becoming quick emerging market for LNG. Because contest for fuel – which used as electricity feed stock and for cooking and heating – has boosted due to global short fall, rising spot prices to the level that Pakistan can’t afford.
Textile Industry is bright spot of Pakistan’s economy. Because it exports all goods Demin Jeans to Hats to customers in United states and Europe.
Production increased in 6% in last nine months since March 2021 and it includes 60% of Pakistan’s exports to other countries.
Mr. Shahid Sattar said that gas short fall is due to inability of energy ministry to arrange supply. This short fall is hurting Pakistan’s exports and economy.
You may like our posts:
For more details Click Here: