The U.S.-Israel war on Iran is not only impacting oil prices but also testing South Asia's energy security and economic stability. The Pakistan Textile Council has highlighted that with 50-60% of the country's exports exposed to these disruptions, the textile industry is at risk of incurring costs exceeding $1 billion. The rising freight rates and war risk surcharges imposed by foreign container lines could significantly affect Pakistan's trade balance.
INTERNATIONALLast Update 15h ago
Pakistan Textile Industry Faces $1 Billion Loss from Iran Conflict
72% NEUTRAL
The Pakistan Textile Council warns that the ongoing U.S.-Israel conflict in the Middle East is exacerbating energy security issues and driving up costs for the textile industry, which could face over $1 billion in additional expenses. The urgency for protective measures grows as global shipping routes remain disrupted.
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