Due to the direct and indirect taxes along with the energy crisis, the textile mill owners in Pakistan’s Punjab province have called for a forced closure after Eid. All Pakistan Textile Mills Association (APTMA) chairman, SM Tanveer said that the millers were left with no choice as it was getting tougher for them with each passing day and that the value-added sector would get affected too as it would face shortage of yarn and fabric. He added that the Pakistani textile industry would be paying an additional US $ 1 billion in the new power and energy taxes imposed in the budget and that the global buyers have started shifting to cheaper suppliers from competing economies as they are not ready to share the burden of new taxes.
