High oil prices threaten survival of textile, cement sectors – Pakistan

The latest increase in international oil prices to a record $65 per barrel has crippled the industry depending on the bi-products of the crude oil or using it as raw material while the most important textile sector of the country is bound to pay a heavy price for the escalating crude oil prices.

Rising international crude oil prices, which have touched the $65 per barrel mark, is going to raise the cost of production of the local textile industry as well as of polyester staple fibre.

Daily Times