Pakistan Textile Sector Suffers: Power Failure In Pakistan, Huge Economic Loss To Textile Sector

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Pakistan Prime Minister Shehbaz Sharif on Tuesday apologized to the nation for the inconvenience caused by the countrywide power cut and vowed to fix responsibility for the second major fault in nearly four months. Pakistan is grappling with one of the country’s worst economic crisis in recent years amid dwindling foreign exchange reserves. The crisis had earlier this month prompted the government to order the closure of shopping malls and markets by 8:30 pm for energy conservation purposes.

Lahore (Pakistan): The country’s textile sector has suffered a huge financial loss of USD 70 million due to a massive nationwide power cut in Pakistan. According to ARY News, since the power supply of the National Grid to three provinces was disrupted, industries across Pakistan are facing problems in power supply. Arshad Khan, a senior official of the All Pakistan Textile Mills Association (APTMA), said that the loss due to the outage could run into billions of rupees.

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ARY News reported that according to sources, if the government fails to guarantee reliable power supply, the textile industry will suffer an economic loss of billions of rupees. Geo News reported that there was a power failure at around 7:34 am on Monday, leaving many cities including Karachi, Lahore, Quetta and Islamabad without electricity.

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According to a statement by Pakistan’s Ministry of Energy, the frequency of the national grid dropped at around 7.34 am, causing a “widespread fault” in the power system. In addition, it was said that the Warsak grid stations were kept closed for maintenance. Citizens have been informed of load-shedding for the next 48 hours.

Prime Minister Shehbaz Sharif on Tuesday expressed regret over the “inconvenience” caused to citizens due to Monday’s power cut. Along with finding out the reasons for the power failure, he also ordered an inquiry to fix the responsibility. Shahbaz Sharif tweeted that on behalf of my government, I would like to express regret for the inconvenience caused to our citizens due to power cut yesterday. On my orders, an investigation is underway to ascertain the cause of the power failure.

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Responsibility will be fixed. According to Geo TV, the power cut lasted for more than 16 hours, especially when the temperature in Islamabad was estimated to drop by around 4 degree Celsius and in Karachi by 8 degree Celsius.

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