Business

APTMA protest enters second day

Express May 19, 2010

KARACHI: The All Pakistan Textile Mills Association (APTMA) continued its strike for a second day on Wednesday.

The call for a two-day strike was given by the APTMA to protest against the imposition of 15 per cent regulatory duty on yarn exports as it has demanded for duty free yarn export.

The spinners association warned that if the government does not revert its decision, the strike could be extended to an indefinite period.

Most of the small and medium textile units in the country remained closed. Black banners were hoisted outside mills as a sign of protest.

The spinners said that spinning mills can not afford to produce yarn from expensive imported cotton and sell it at lesser price. They fear that the duty on yarn will result in large scale closure of spinning mills.

COMMENTS (2)

Muhammad Luqman | 14 years ago | Reply The blockade of Lahore-Faisalabad Hiwayway by the workers of textile mills on the behest of mill owners created a severe problems for the passengers travelling between the two big cities of the Punjab. I could reach Faisalabad in four hours instead of one and a half hour. The protesters did not allow my vehicle across the barriers despite knowing that I alongwith my family was going to Faisalabad to attend funeral of my sister. Anyhow, I reached Faisalabad after detouring on katcha roads of nearby villages. No doubt, textile sector is in trouble after the imposition of regulatory duty. But the protest should have not been at the cost of people's movement.

Muhammad Amin | 14 years ago | Reply APTMA and value added industries should agree on 10% regulatory duty as spinners have enjoyed a very good season and after all it is only for 45 days

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