KARACHI: The Pakistan Textile Council (PTC) has appealed to the government to reconsider the proposed increase in gas prices for captive power plants (CPPs) to over Rs4,000 per MMBtu, warning that such a move could severely impact the textile and apparel sector, a vital contributor to the country’s economy.
PTC Chairperson Fawad Anwar added that the textile industry heavily relies on captive power plants for a steady and cost-effective energy supply. “Escalating energy costs are already a major challenge for our industry,” he stated. “Further increases could lead to factory closures, job losses, and a significant decline in export revenues.”
The council highlighted that the proposed price hike would exacerbate production costs, undermining the competitiveness of Pakistani textiles in international markets. Urging the government to reconsider, Anwar said, “We appeal to policymakers to engage in dialogue with industry stakeholders to find a balanced solution that safeguards both the economy and the livelihoods dependent on the textile sector.”