Pakistan, Jan. 24 -- Following the imposition of new electricity surcharges, the export-oriented textile mills may avoid booking new orders fearing "their products would not be able to compete with regional competitors".
A few millers had approached the Ministry of Commerce, Senate and National Assembly's standing committees on commerce and textile for the reversal of the new tariff regime, but their pleas remained rejected.
The industry has now taken the matter to the court where a case in this regard has been fixed for hearing on January 30.
To millers, export orders will become a liability under the current power tariff regime.
"No one wants to lose export orders but we will have to," said a worried miller. "We are reluctant to take ...