Home / Knowledge / News / Textiles / APTA declares shut down of textile units tomorrow
APTA declares shut down of textile units tomorrow
10
Jul '08
Price hike in gas and petroleum products have sent a wave of disappointment in the textile industry, which had also warned of shuting down production units if adequate measure were not taken by the Government.

Members of All Pakistan Textile Association (APTA) had recently held two meetings, in Lahore and Faisalabad, for discussing about steps to be taken against the unscrupulous decisions of the Government.

Leaders of the textile industry unanimously protested against this hike which came into effect on July 1, especially since the sector was already engaged in dealing with other pressures and crisis.

However, no amount of protest or allegation could move the Government and therefore APTA has announced a one-day closure tomorrow to give vent to their disappointment.

Adil Mehmood, Chairman of APTA stated on July 8 that increase in the prices of electricity, gas and petrol has worsened the situation. Hikes of 31 percent in gas rates and 16 percent in power rates have virtually paralyzed the industry.

Related news

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Anavila Misra
Anavila Collection

Fashion shows are also encouraging and highlighting sustainable fashion

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search