Major textile associations of Faisalabad have warned the government of Pakistan to close textile industry all over Faisalabad from July 11th, 2008 till indefinite time of period due to increase in prices of gas, electricity & petrol which leads to rise in cost of production. They have asked the government to diminish these prices as these were before budget and should make sincere efforts to save this industry.

If we look at the stats of textile industry then we will come to know that this industry is playing a significant role in the economy of Pakistan and has taken place of backbone. Here are few contributions of this industry:

- At the time of independence of Pakistan, only two textile units were working but now in Asia, Pakistan is the 8th largest exporter of textile products.

- Almost more than one million employees in and around Faisalabad are attached with this industry.

- Textile sector contributes more than 60% of total exports of Pakistan which is around $5.2 billion.

- This important sector is providing 38% employment to Pakistani people.

- Government earns approximately foreign exchange of $3billion per annum from this source.

Tough competition is being faced by Pakistani textile industry due to low cost of production in China, India and may other countries. All industries including textile are facing worst crises in the form of price hikes in petroleum, gas, electricity, heavy taxation, reduction in research and development.

Closure of this industry may lead to countless social and economic issues like Government can’t pay off its loan and markup payments, millions of people may face unemployment in these circumstance. One industrialist has stated that textile industry will remain unable to maintain the prices of textile export products equivalent or less than their competitors in international market due to uneven and unfair policies of Government.