KARACHI: Pakistan’s textile factory owners on Friday called for prompt government action to rescue the industry and its exports after production activities dropped by almost 50 percent amid lack of raw material availability.
Pakistani industries, including textile and pharmaceutical firms, are fast slipping into a shutdown mode since they face an acute shortage of raw material after commercial banks stopped issuing Letters of Credit (LCs) for clearance of goods piling up at the country’s ports amid fast depleting foreign exchange reserves.
The country’s official forex reserves declined to $3.67 billion which is not even enough to cover one month of imports. The falling reserves are also exerting immense pressure on national currency which devalued by over 13 percent within this week.
“The textile industry is in the intensive care unit now and needs urgent steps for its recovery,” Muhammad Jawed Bilwani, chief coordinator for Value-Added Textile Forum, told Arab News. “The situation is alarming for the industry and its exports. The production is down to almost 50 percent while many small units have been shut down. We are even unable to find plastic bags for packing.”
Bilwani said the impact of the current situation would become clear in March and April when the exports would likely be half as compared to the previous year.
“We expect that the overall exports will be reduced by two to three billion dollars by the end of this fiscal year [on June 30],” he continued.
Pakistan’s textile sector exported $19.3 billion worth of goods during the last fiscal year, though it has already suffered seven percent decline and its exports stood at $8.7 billion during the first six months of the current fiscal year.
Industry owners say they face a shortage of processing machinery, special tags for value-added textile and, most importantly, cotton which is the main raw material.
“People are facing problem in procuring chemical dyes, machines and tags etc.,” Muhammad Babar Khan of Pakistan Hosiery Manufacturers & Exporters Association told Arab News. “Of course, the cotton and yarn are also unavailable due to extreme shortage.”
“The situation is alarming and nobody has any clue where it is heading,” he continued. “The inventory of mills is drying out as they cannot maintain stocks beyond two to three months due to the cost factor.”
Khan said the exporters had started receiving orders after improvement in the global market, but the current situation in Pakistan was making it difficult for them to fulfill their commitments.
After a big fall in cotton production following last year’s devastating floods, the textile mills had expedited the import of the commodity to meet local requirements.
According to estimates of importers and millers, around 100,000 cotton bales worth more than $300 million are stuck at ports and waiting for clearance.
Pakistan’s textile sector requires 14 million bales to meet its annual demand for domestic and export purposes. The sector is expecting to import around 6.5 million bales after a drastic cut in the cotton output.
“As cotton imports are waiting for clearance, local mills have expedited its procurement from local market which has jacked up prices,” Naseem Usman Osawala, senior cotton broker and analyst, told Arab News.
He informed that cotton rates in the local market increased by Rs1,000 to Rs1,500 per 40 kilograms this week, adding the dollar rate hike against the Pakistani rupee had also played a role in the price surge.
Pakistan’s textile sector in ‘intensive care unit’ amid raw material shortage
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Pakistan’s textile sector in ‘intensive care unit’ amid raw material shortage
- Stakeholders say industrial production is down to 50 percent and its impact on exports will become clear in coming months
- The textile sector is also trying to procure cotton from local market amid import restrictions, raising the commodity price
PM hails Pakistan for ‘unstoppable, unbeatable’ performance in South Africa ODI series
- Green Shirts thrashed South Africa 3-0 after losing Twenty20 series 2-0
- Pakistan will now play three Tests against South Africa later this month
ISLAMABAD: Prime Minister Shehbaz Sharif on Monday praised the Pakistan cricket team for winning a three-match One Day International (ODI) series against South Africa, describing their performance as “unstoppable and unbeatable.”
The Green Shirts completed a series clean sweep over South Africa in the third ODI at the Wanderers Stadium on Sunday, with rising star Saim Ayub smashing his second century of the series and his third from five innings.
The left-handed opening batsman made a sparkling 101 off 94 balls in a Pakistan total of 308 for nine. Heinrich Klaasen thrashed 81 off 43 balls for South Africa, but the hosts were beaten by 36 runs chasing an adjusted target of 308 because of rain.
“Unstoppable and unbeatable!” Sharif remarked in a post on X. “Congratulations to Team Pakistan on an outstanding 3-0 ODI series victory against South Africa.”
The prime minister also praised the Pakistan Cricket Board chairman for the team’s performance.
“Well done, boys! Your determination, skill, and teamwork under the leadership of the PCB Chairman Syed Mohsin Raza Naqvi have made the entire nation proud,” he said.
“Keep raising the green flag high!“
South Africa won the T20I series 2-0 after the third match was washed out on Dec. 14. The ODI series win comes ahead of the upcoming International Cricket Council (ICC) Champions Trophy, which Pakistan will hosting in February and March 2025.
Pakistan will also play three Tests against South Africa later this month.
Government opens long-awaited talks with Imran Khan’s party amid deepening polarization
- Negotiations began after Khan threatened civil disobedience, seeking release of political prisoners
- The government formed a negotiating committee a day earlier to engage with Khan’s PTI team
ISLAMABAD: The government and the opposition Pakistan Tehreek-e-Insaf (PTI) of former Prime Minister Imran Khan on Monday began long-awaited negotiations to resolve issues fueling political polarization and straining the country’s fragile economy, National Assembly Speaker Ayaz Sadiq confirmed.
The government announced the formation of a committee a day earlier to hold talks with PTI. This followed ex-premier Khan’s threat to launch civil disobedience by urging overseas Pakistanis, his party’s key support base, to halt remittances if his demands, including the release of political prisoners, were not met by Dec. 22.
Khan, who has been imprisoned for over a year on charges he claims are politically motivated, has also called for judicial commissions to investigate violent protests on May 9 last year and Nov. 26 this year, which the government says involved his party supporters.
Known for taking hard-line political positions, Khan formed a seven-member committee to negotiate with the government. This was done amid growing concerns he may face trial by the military for allegedly inciting attacks on sensitive security installations during violent protests following his brief detention last year in a graft case.
“We will talk about Pakistan’s interests instead of our own,” the National Assembly speaker said while addressing the initial round of talks. “We will try to sit and discuss matters for the sake of Pakistan.”
“The solution to every problem is through talks,” he added. “We implied a democratic way and talks are being held in the parliament only.”
The government’s committee includes key figures from the ruling Pakistan Muslim League-Nawaz (PML-N), such as Deputy Prime Minister Ishaq Dar, Political Adviser Rana Sanaullah and Senator Irfan Siddiqui, alongside representatives from allied parties.
The PTI team has Khan’s loyal lieutenant Asad Qaiser, Sunni Ittehad Council Chairman Sahibzada Hamid Raza, and Majlis Wehdat-i-Muslimeen’s Senator Raja Nasir Abbas.
Sadiq said the seriousness of purpose on both sides was reflected by the seniority of the people representing them.
He informed that a second meeting would follow the deliberations in the initial one.
The negotiations come days after Pakistan’s military announced prison sentences for 25 people involved in the May 9, 2023, protests, which PTI has demanded be investigated. The military said it had gathered “irrefutable evidence” against those prosecuted and reiterated its commitment to bringing the planners of the violence to justice.
The country has remained gripped by political unrest and uncertainty since Khan’s ouster from power through a parliamentary no-confidence vote, which has also exacerbated Pakistan’s economic hardships.
Senior government representatives have recently acknowledged that negotiations could offer a pathway out of the current political impasse. However, they have cautioned that it is too early to determine which of PTI’s demands might be addressed.
Ancient winter festival in Pakistan’s Chitral concludes with rituals, traditional dance
- Chawmos festival is celebrated in December by the Kalash people, who are numbered around 4,000
- Festival marks welcoming of new year, celebrated with dance, animal sacrifice, singing and feasting
PESHAWAR: A religious winter festival celebrated by the Kalash people in the northwestern Pakistani district of Chitral has concluded after featuring rituals, traditional dance and other festivities for two weeks, provincial tourism authority said on Monday.
The Kalash are a group of about 4,000 people, possibly Pakistan’s smallest minority, who live in the mountains of the Hindu Kush, where they practice an ancient polytheistic faith.
They come together each year in December to celebrate the two-week Chawmos festival after the community finishes fieldwork and stores cheese, fruit, vegetables and grains for the year.
The festival features various rituals, animal sacrifice, dance, songs and feasting, preserving the Kalash culture and attracting a number of tourists to Pakistan’s Khyber Pakhtunkhwa.
“The religious Chawmos festival of the ancient Kalash Valley has concluded,” Mohammad Saad, a spokesperson for the KP Tourism Authority, said in a statement.
“The festival continued from Dec. 8 in the three valleys of Bumburet, Birir and Rumbur.”
The Kalash community’s religion incorporates animiztic traditions of worshipping nature as well as a pantheon of gods, and its people live mainly in the three Kalash valleys of Bumburet, Birir and Rumbur.
The Chawmos festival is celebrated to welcome the new year, with the Kalash people indulging in religious practices and distributing vegetables and fruit among each other, according to the official.
The festival was attended by a large number of domestic and foreign tourists who were fully facilitated by the provincial tourism authority.
Pakistan defense minister blames judiciary for delayed verdicts in May 9 cases
- National problems require decisions at the earliest, says Khawaja Asif while talking to media in London
- Protests erupted in several Pakistani cities on May 9, 2023, over ex-PM Imran Khan’s arrest in a graft case
ISLAMABAD: Pakistan’s Defense Minister Khawaja Asif on Sunday blamed the judiciary for delaying verdicts in the May 9, 2023, cases, which have so far led to the conviction of 25 supporters of former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party for attacking government buildings and military properties last year.
On Dec. 21, the Pakistan Army sentenced 25 people for participating in the violent protests that erupted in several Pakistani cities following Khan’s brief detention on corruption charges, resulting in damage to major military facilities and martyrs’ monuments in the country.
However, several suspects are also facing legal charges in anti-terrorism courts, with the military hoping for early verdicts in their cases, according to a statement announcing the sentencing of the 25 individuals, which described the rioting as “politically provoked violence.”
The PTI has denied any involvement in the violence, describing the May 9 incident as a “false flag” operation aimed at crushing the party.
“The judiciary created the biggest hurdle in this [the conviction of May 9 suspects] while this thing was allowed to linger for one and a half years,” Asif said while speaking to the media in London, the city he is currently visiting.
Describing the May 9 protests as a national problem, he said all the cases related to it required verdicts at the earliest.
The conviction of the 25 individuals followed a ruling by a seven-member Constitutional Bench of the Supreme Court of Pakistan on Dec. 13, allowing military courts to share their verdicts. Prior to that, the court had unanimously declared last year that prosecuting civilians in military courts violated the Constitution.
Khan’s PTI party rejected the military’s announcement, with opposition leader Omar Ayub Khan saying they were “against the principles of justice.”
The sentencing of the 25 individuals also raises concerns about Khan, who faces charges of inciting attacks against the armed forces and may potentially be tried in a military court.
Earlier, Asif had regretted the delay in announcing the verdicts, saying that it “raised the morale of the accused and their facilitators.”
“Right now, only the workers, who were used [to generate violence], have been punished under the law,” he had said. “This will not end until the ones, who planned this terrible day, are not brought before the law.”
Pakistan PM reviews security situation amid rising militancy, sectarian clashes
- PM Sharif was briefed by Mohsin Naqvi who recently attended a security meeting in Khyber Pakhtunkhwa
- Security remained a concern for Pakistan this year, which witnessed renewed attacks on Chinese nationals
ISLAMABAD: Prime Minister Shehbaz Sharif evaluated the security situation during a meeting with Interior Minister Mohsin Naqvi in the eastern Pakistani city of Lahore on Sunday, focusing on measures taken by the authorities to ensure peace across the country.
The talks come days after Naqvi attended a high-level security meeting in the volatile Khyber Pakhtunkhwa province, which borders Afghanistan and has seen a surge in cross-border militant attacks.
The region’s Kurram district has been gripped by sectarian clashes since last month, leaving well over 100 people dead, according to local reports.
During the meeting in Khyber Pakhtunkhwa, Naqvi and other stakeholders decided to enhance the capacity of law enforcement agencies with the federal government’s full cooperation to combat mounting security challenges.
Pakistan has also faced unrest in its southwestern province of Balochistan, where separatist attacks intensified throughout the year.
“Federal Interior Minister Syed Mohsin Raza Naqvi provided a detailed briefing to Prime Minister Muhammad Shehbaz Sharif on the overall security situation in the country,” the statement from the PM Office said. “The Prime Minister expressed satisfaction with the measures taken to ensure law and order in the country.”
The meeting also included discussions on the country’s political situation, the statement added.
Security remained a major concern for the government this year, which witnessed renewed attacks on Chinese workers, including five fatalities when their convoy was targeted by an explosive-laden vehicle near Besham city in Khyber Pakhtunkhwa.
Later in October, two Chinese engineers lost their lives in a blast near Karachi airport.
On Sunday, Pakistan’s army chief, General Asim Munir, vowed to hunt down militants and their facilitators, following a deadly attack on a military outpost in Khyber Pakhtunkhwa that left 16 soldiers dead.
