RCET must go on
TEXTILE sector has long been termed as the backbone of Pakistan’s economy, and for most parts it did live up to this notion. With a direct link with the agriculture sector for obtaining raw material, labor intensive production chain in the downstream and upstream sectors of the industry along with the export sales of the finished goods, the textile sector is a litmus test for Pakistan’s entire value chain process, and unfortunately we have in recent times repeatedly come short of the benchmark. Pakistan’s textile sector remained one of the best performing textile industries in the region for a very long time. With ever-increasing electricity load-shedding and continuously rising energy tariffs, Pakistan started losing its competitive edge and thus began the downfall of this industry.