Related Keywords: All Pakistan Powerlooms Association, announce a bailout package for powerloom industry, APPLA, expensive electricity, forced to shut down business, one announced for textile industry, Pakistan powerlooms, sell out machinery in scrap, seventy percent shut down, unaffordable prices of yarn
Pakistan’s seventy percent powerlooms have so far been shut down due to expensive electricity and unaffordable prices of yarn, according to All Pakistan Powerlooms Association (APPLA) and threatened that if the government does not announce a bailout package for powerloom industry, as one announced for textile industry they will be forced to shut down their business and sell out machinery in scrap.
