Afghan Voice Agency (AVA) - Kabul: The Pakistani newspaper Dan reported that the unprecedented decline in cotton reserves has put Pakistan’s textile industry on the verge of stagnation and many factories are facing problems with the supply of raw materials.
According to the report, the suspension of trade between Afghanistan and Pakistan, as well as regional tensions resulting from the US and Israeli regime’s conflicts with Iran, have disrupted the process of cotton imports to Pakistan. As a result, the price of seven kilograms of cotton in Pakistani markets has increased to more than four thousand Pakistani rupees.
Reports indicate that the closure of trade routes between Kabul and Islamabad has prevented the entry of nearly 500,000 bales of Afghan cotton into Pakistan; This has put a heavy strain on the country's textile factories. Dawn wrote that this may be the first time in Pakistan's history that cotton stocks have decreased to such an extent before the start of the new harvest season and have reached a critical level.
Meanwhile, a number of pharmaceutical factories in Pakistan had previously stopped their activities due to the suspension of trade with Afghanistan; an issue that indicates the dependence of some Pakistani industries on imports and trade with Afghanistan.
On the other hand, the suspension of trade with Pakistan caused the export of Afghan cotton, especially cotton from Helmand province, to stop for a while; but the Helmand Chamber of Commerce and Investment recently announced that alternative markets, including China and Uzbekistan, have been provided for Afghan cotton exports.
Economic experts believe that the continued trade tensions between Kabul and Islamabad have damaged Pakistan's economy and industries the most, and the current crisis in the country's textile industry is a clear example of the consequences of this situation.