Lahore – In spite of having huge capacity of high quality production, the Punjab knitwear industry is continuously refusing orders placed by the foreign buyers only due to energy crisis in the country, said the chairman of the Pakistan Hosiery Manufacturers Association.
Briefing the members of Lahore Economic Journalists Association about the knitwear scenario, Usman Jawwad added the power supplied by the state is most expensive in the region that impacts cost.
Former chairman Shahzad Azam Khan said knitwear is the most labor intensive industry of the country employing over a 1.5 workers including those employed by industries catering to domestic needs. He said about 1200 organized units spread in Karachi, Lahore, Faisalabad and Sialkot are operating the country which is about the same as 15 years back.
Ex-PHMA chairman north Zone Adil Butt said some features of new textile policy are attractive; special rebates on exceeding exports by 10 percent to knitwear exporters should be reduced to any increase in exports to motivate small exporters.
