Grim future for Pakistan's textile industry

Power shortage and economic woes take their toll as many factories are forced to close down.

    Pakistan is the fourth largest cotton grower and third biggest consumer of the fibre in the world.

    Of late, a combination of severe energy crisis and economic mismanagent is forcing many factories in the country to close down. Experts say that Pakistan's textile industry, considered the backbone of its economy, is on the verge of collapsing.

    Kamal Hyder reports from Lahore in Punjab province.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    150 years of 'Das Kapital': How relevant is Marx today?

    150 years of 'Das Kapital': How relevant is Marx today?

    The seminal work of the 19th century economist still provides a framework for understanding contemporary capitalism.

    The shocking story of Israel's disappeared babies

    The shocking story of Israel's disappeared babies

    New information has come to light about thousands of mostly Yemeni children believed to have been abducted in the 1950s.

    Africa is not poor, we are stealing its wealth

    Africa is not poor, we are stealing its wealth

    It's time to change the way we talk and think about Africa.