Power loom sector reels under imports, rising costs
Power looms are displayed for sale after closure of businesses in Faisalabad.—Courtesy Council of Loom Owners Association • 100,000 workers lose jobs in Faisalabad amid closure of 40pc units • Loom owners blame cheaper Chinese yarn, grey cloth, finished textile products • Industry body seeks stronger Customs checks to curb ‘under-invoicing’ LAHORE: A large number of small power loom units have…
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