More than 1600 textile industries were forced to shut down operations in Pakistan during the last 16 months of the Pakistan Democratic Movement-led coalition government.

Domestic consumers in Pakistan are paying Rs57.80 for per unit ectricity, a Geo News report revealed on Monday.

The Pakistani rupee continued to lose ground against the international currencies on Tuesday, hitting a new low in the open market as the financial markets remained jittery amid an ongoing economic crisis.

The International Monetary Fund (IMF) has rejected the government's proposal for tariff adjustment or provision of additional subsidy to inflation-hit people of Pakistan, Geo News reported on Tuesday.