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Spinners warn of strike for indefinite period
19
May '10
In response to the two-day strike announcement that was made by the All Pakistan Textile Mills Association (APTMA), against government's decision of imposing 15 percent regulatory duty on yarn exports, many small and medium textile mills of the country ceased operations on Tuesday.

While spinning mills ceased operations across the country including Karachi, Raiwind, Manga Mandi, Bhai Pehro, Lahore, Band Road, Faisalabad and Shaikhpura, protest march were also carried out at various places by APTMA. Over 70 mills in Karachi ceased operations to protest against 15 percent regulatory duty.

If the government fails to resolve the issue in a period of two days, then spinning mill workers have decided to extend their strike of keeping the mills closed for an indefinite period. Protestors were seen holding black flags and wearing black arm-bands and chanted slogans against the textile minister.

With twice in a week shut downs, for the next two months, the spinning sector of the textile industry would incur losses amounting to Rs 3 billion in the manufacturing segments, in addition to, losses that would result from exports.

But the spinning sector has no choice but to observe the strike as imposition of 15 percent regulatory duty has crushed its operations, resulting in losses.

Fibre2Fashion News Desk - India

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