Thirty textile mills shut down in Karachi 78 78 PakRealEstateTimes.Com

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Thirty textile mills shut down in Karachi

06-09-2008, 07:50 PM

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LRE

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Thirty textile mills shut down in Karachi

Thirty textile mills shut down in Karachi
Updated at: 2231 PST, Saturday, June 07, 2008
[Image: 6-7-2008_19042_l.gif]

KARACHI: As many as 30 textile mills in the different industrial areas of Karachi have shut down completely.

Twenty mills wound up in SITE area while 10 in North Karachi industrial area because of rise in cost of production, higher utilities cost besides law and order situation and political uncertainties in the country

Another reason is the ever-increasing rate of interest, said the owners of these mills.

http://www.geo.tv/6-7-2008/19042.htm

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