KARACHI:

A shock wave hit the textile sector on Tuesday when Gul Ahmed Textile Mills Limited (GATM) announced the closure of its export apparel segment owing to persistent losses and structural challenges.

The decision was approved by the company's Board of Directors in a meeting on September 29, 2025, according to a notice submitted to the Pakistan Stock Exchange (PSX).

Former All Pakistan Textile Mills Association (APTMA) Chairman Asif Inam said the cost of doing business in Pakistan is "going through the roof." He revealed that APTMA, in a meeting the same day, decided to approach the prime minister and request urgent relief for the industry. The company, which began trading in textiles in the early 1900s, said the labour-intensive segment faced sustained margin pressures from region

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