187 mills shut down in Punjab

Economic nationalists have asked for the revitalisation of the struggling textile sector where the rapid closure of approximately 187 textile mills mainly in Punjab bristles with serious socio-economic repercussions for all stakeholders. Talking to The Express Tribune, they said first Faisalabad and secondly Karachi ooze huge potential in textile industries but they are being annihilated due to a lack of a sagacious economic policy and planning. To fix the debacle of the textile sector, there must be a host of quick initiatives such as establishing textile development banks, textile tax courts, and model textile centres for research and development (R&D) while ensuring a sustainable supply chain.