CLEAN: Pakistan suffers as key cotton crop hit

The video discusses the challenges faced by Pakistan due to increased electricity consumption and the economic impact of floods, which resulted in significant financial losses. It highlights the textile industry's reliance on local cotton production, which constitutes a major cost factor. The industry is adapting by altering product mixes to maintain customer satisfaction despite these challenges.

What are some of the financial impacts mentioned that Pakistan faces due to electricity issues?

• Higher taxes

• Increased import costs

• Decreased foreign investment

• Loss of billions due to floods

What is a key advantage of Pakistan's textile industry?

• Advanced technology

• Access to cheap labor

• Proximity to major markets

• Local production of cotton

Why is local cotton production important for Pakistan's spinning industry?

• It reduces transportation costs

• It accounts for 70% of the cost

• It improves product quality

• It increases export opportunities

How is the textile industry in Pakistan trying to cope with current challenges?

• By increasing prices

• By reducing production

• By changing the product mix

• By outsourcing labor

What is the goal of changing the product mix in the textile industry?

• To reduce costs

• To increase production speed

• To maintain customer satisfaction

• To expand into new markets