APTMA observes “Black Day” across the country
LAHORE (92 News) – All Pakistan Textile Association has on Wednesday observed “Black Day” over ongoing crisis in textile sector.
The Rs 13 billion revenue-generating industry is observing “Black Day” today with over 400 textile mills across the country faced closure as a result of the strike.
The APTMA leaders said that the dialogues with the government were meaningless, adding that at least 35 textile mills faced permanent closure and thousands of laborers have lost their lives in the last three months.
The APTMA put forth three demands before the government in a bid to resolve the crisis that included raise in tax on Indian yarn, supply of low-cost electricity to the textile mills and announcement of new textile policy.
The association asked the government to impose a minimum 25 percent regulatory duty on import of yarn from India. It said gas infrastructure has increased the power tariff and demanded the government to ensure supply of low-cost electricity to the textile mills.