Leading Pakistani textile firm temporarily suspends operation amid declining market situation

A Pakistan textile labourer checks the quality of the yarn at a power loom in Karachi, Pakistan on January 25, 2019. (AFP/File)
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Updated 29 December 2022
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Leading Pakistani textile firm temporarily suspends operation amid declining market situation

  • Pakistan’s textile industry is vital to national economy and accounts for more than 60 percent of its total exports
  • Aside from the textile sector, companies in the automobile industry have also suspended operations in Pakistan

ISLAMABAD: A leading textile company in Pakistan announced in a statement released to the Pakistan Stock Exchange (PSX) on Wednesday it would partially shut down operations due to declining market conditions.

Pakistan’s textile and clothing industry plays a vital role in sustaining its economy since it accounts for more than 60 percent of the country’s total exports. According to a market and consumer data platform, Statista, Pakistan was among the top 10 global textile exporters in 2021 with a value of about $9 billion.

However, the country is currently witnessing economic turmoil amid energy shortages and a major balance of payments crisis. To mitigate the situation, the government has started imposing curbs on the industrial sector to reduce the size of its import bill. As a result, many companies have been pushed to limit or suspend their operations.

“The company has an installed capacity of 219,528 spindles and 2,880 rotors in its spinning division,” Nishat Chunian Limited (NCL) said in a PSX filing on Wednesday. “[It] has decided to temporarily close 51,360 spindles after one month due to market conditions.”

The firm added its remaining units would operate as usual, and the spindles would be restarted as soon as there was an improvement in the market conditions.

Earlier this month, another textile company, Kohinoor Spinning Mills Limited (KOSM), also announced in a statement to the PSX it had decided to temporarily shut down operations “due to the prevailing global and economic downturn, overdue plant maintenance, and high cost of production and low price and demand.”

Aside from the textile sector, other companies have also suspended operations in the country, including Indus Motor Company and Pak Suzuki Motor Company Ltd, among others.


US freezes visa processing for 75 countries, media reports Pakistan included

Updated 14 January 2026
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US freezes visa processing for 75 countries, media reports Pakistan included

  • State Department announces indefinite pause on immigrant visas starting Jan 21
  • Move underscores Trump’s hard-line immigration push despite close Pakistan-US ties

ISLAMABAD: The United States will pause immigrant visa processing for applicants from 75 countries starting Jan. 21, the State Department said on Wednesday, with Fox News and other media outlets reporting that Pakistan is among the countries affected by the indefinite suspension.

The move comes as the Trump administration presses ahead with a broad immigration crackdown, with Pakistan included among the affected countries despite strong ongoing diplomatic engagement between Islamabad and Washington on economic cooperation, regional diplomacy and security matters.

Fox News, citing an internal State Department memo, said US embassies had been instructed to refuse immigrant visas under existing law while Washington reassesses screening and vetting procedures. The report said the pause would apply indefinitely and covers countries across Asia, Africa, the Middle East, Europe and Latin America.

“The State Department will pause immigrant visa processing from 75 countries whose migrants take welfare from the American people at unacceptable rates. The freeze will remain active until the US can ensure that new immigrants will not extract wealth from the American people,” the Department of State said in a post on X.

According to Fox News and Pakistan news outlets like Dawn, the list of affected countries includes Pakistan, Afghanistan, Bangladesh, Iran, Iraq, Egypt, Nigeria, Russia, Somalia, Brazil and Thailand, among others. 

“The suspension could delay travel, study, and work plans for thousands of Pakistanis who annually seek US visas. Pakistani consulates in the US are expected to provide guidance to affected applicants in the coming days,” Dawn reported.

A State Department spokesman declined comment when Arab News reached out via email to confirm if Pakistan was on the list. 

The Department has not publicly released the full list of countries or clarified which visa categories would be affected, nor has it provided a timeline for when processing could resume.

Trump has made immigration enforcement a central pillar of his agenda since returning to office last year, reviving and expanding the use of the “public charge” provision of US immigration law to restrict entry by migrants deemed likely to rely on public benefits.

During his previous term as president, Trump imposed sweeping travel restrictions on several Muslim-majority countries, a policy widely referred to as a “Muslim ban,” which was challenged in US courts before a revised version was upheld by the Supreme Court. That policy was later rescinded under the President Joe Biden administration.

The latest visa freeze marks a renewed hardening of US immigration policy, raising uncertainty for migrants from affected countries as Washington reassesses its screening and vetting procedures. 

The freeze on visas comes amid an intensifying crackdown on immigration enforcement by the Trump administration. In Minneapolis last week, a US Immigration and Customs Enforcement (ICE) agent shot and killed 37-year-old Renee Good, a US citizen, during a federal operation, an incident that has drawn nationwide protests and scrutiny of ICE tactics. Family members and local officials have challenged the federal account of the shooting, even as Department of Homeland Security officials defended the agent’s actions. The case has prompted resignations by federal prosecutors and heightened debate over the conduct of immigration enforcement under the current administration.