100 large-scale factories closed in 2 years in Pakistan

According to Daily Jang report on July 14 Newspaper, 100 large-scale factories have closed in 2 years and thousands of people have become unemployed in Pakistan.

Due to the 170% increase in electricity and gas prices in 2 years, around 100 large-scale factories were closed while thousands of people became unemployed.

According to All Pakistan Textile Mills Association (APTMA) sources, 50 textile mills are also included in the factories to be closed.

APTMA Sources said that in 2022 electricity was Rs 16 per unit which is Rs 42 per unit today. In 2022, the industry was getting gas at Rs 14 a unit, today it is Rs 40 a unit.

Sources further say that textile exports decreased from 19 billion dollars to 16 billion dollars in two years.

On the other hand, the heavy electricity bills have raised the cries of traders and domestic consumers as well. Shehbaz Sharif government is still unable to find and plan alternatives to expensive electricity. The distribution of solar panels to a few consumers is merely a means of passing the time and millions of consumers have been shifted from protected to non-protected category with the connivance of the government and power generation companies.

The entire focus of the government has been on first closing its cases and now crushing the opposition. This is the reason why the government has lost its popularity.