Gul Ahmed, one of the countrys largest and most renowned textile conglomerates, has announced the shutdown of its export apparel business.

According to an official notice submitted to the Pakistan Stock Exchange (PSX), the decision follows months of financial strain and operational challenges that have significantly impacted the companys viability in international markets.

The statement outlined several factors contributing to the closure, including rising energy tariffs, increased advance turnover tax, expensive raw materials, exchange rate volatility, and intensifying regional competition.

Following a strategic review, the companys Board of Directors approved the closure, citing expectations of improved cash flow management and a reduction in overall financial losses.

Industry experts view the move as a worrying indicator for Pakistans broader textile landscape a sector that contributes significantly to national exports and employment. Analysts warn that such developments could further weaken Pakistans global competitiveness unless immediate policy reforms and cost stabilization measures are introduced.

This announcement underscores growing concerns within the business community over rising production costs and limited government support for export-driven industries.