Pak textile sector suffers massive financial loss due to power outage
A grid failure that lead to a massive countrywide power outage in Pakistan has caused the country’s textile sector a whopping financial loss of USD 70 million, ARY News reported on Tuesday.
Industries all over Pakistan were halted after the significant power outage since the National Grid’s electricity supply to three provinces was interrupted.
Arshad Khan, a senior official of the All Pakistan Textile Mills Association (APTMA), said the losses incurred due to the outage, however, could be worth billions of rupees.
According to sources, the economic damage to the textile industry will reach billions of rupees if the government fails to guarantee a reliable power supply, ARY News reported.
