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APTMA calls for strike against hike in fuel prices
07
Apr '12
The All Pakistan Textile Mills Association (APTMA) has asked trade establishments to close down their shutters on April 8, 2012, to protest against the rise in prices of petroleum and Compressed Natural Gas (CNG).

The prices of diesel, petrol, CNG and other fuels have been raised by 8-10 percent with effect from April 1, 2012 all over Pakistan.

APTMA call for strike has gained momentum as business community and over 150 trade bodies of Faisalabad have declared their support and have announced that they would shutdown their establishments on April 8.

The traders' organizations have warned the Government that they would observe a black day and hold mass protest, if the rise in fuel prices is not rolled back.

Meanwhile, Chaudhry Salamat Ali, Chief Co-ordinator and ex-Chairman, Pakistan Hosiery Manufacturing and Exporters Association, North Zone, said stringent policies and one-sided decisions are giving rise to several crises and are a cause of gradual collapse of the value-added textile industry in the country.

He said the recent hike in fuel prices would also impact the prices of daily utility items, petroleum products as well as transport and utility bills, thus giving rise to inflation in the country.

Mr. Ali further said the Government's unwelcome decision has badly hit the entrepreneurs, exporters and business community leaving them disheartened, and has also decelerated the pace of economic growth in the country.

Fibre2fashion News Desk - India


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