Smaller spinning mills in Pakistan are grappling with unpredictable fluctuations in yarn prices, a challenge that is especially pronounced for those dealing with a diverse range of yarn varieties on a daily basis. Salamat Ali, Former Central Chairman of the Pakistan Hosiery Manufacturers and Exporters Association (PHMA), emphasizes these manufacturers are already under strain from escalating costs of electricity, gas, and other raw materials.

Asim Ali, a yarn trader, highlights the crucial role of the textile sector in the national economy and calls for the establishment of a comprehensive monitoring mechanism by the government. This mechanism, he argues, would help control speculative buying of fiber and ensure its consistent availability.

Zahid Ali, a yarn broker, points out that both spinners and those engaged in speculative business have profited considerably, particularly the younger players who are influencing market dynamics. This disruptive trend, he notes, has led to the unfortunate closure or downsizing of many spinning mills, primarily due to the impact of high electricity prices. The absence of government subsidies and the upward trajectory of cotton, polyester cotton, and viscose prices further compound the challenges faced by millers, rendering them incapable of covering their expenses.