Apparel sector hit by high gas and electricity prices

LAHORE - Ijaz A Khokhar, Former Chairman Pakistan Readymade Garment Manufacturers and Exporters Association (PRGMEA), urging the Prime Minister Syed Yusuf Raza Gillani concern to hold dialogue with textile bodies for solving their problems, said that apparel sector is the major sufferer of gas and electricity prices because all increase ultimately has to bear by the apparel sector as an end user. He said that with this increase, the sector would not be competitive any more.

He said that cotton price have already gone up more than 60 percent within the last few months. He said that foreign buyers were not ready to accept this huge increase at present.  Ultimately they will divert their business to China, India and Bangladesh.