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Yarn output falls by 16,000 tons

20
May '10
During the two-day agitation and closure of spinning mills, Pakistan's yarn output registered a fall of 16,000 tons, informed a senior official.

All Pakistan Textile Mills Association's (APTMA), Chairman, Ejaz Gohar warned that, if the government failed to withdraw the 15 percent regulatory duty imposed on exports of yarn then spinning mills would opt for complete closure of their mills.

The closure will either be for two months continuously or there would be shutdowns for twice in a week, if the government failed to withdraw its decision. The twice in a week shutdown was enough to erase the export surplus, eventually leading the country to lose its overseas market to India, averred Gohar.

According to former Chairman, APTMA-Punjab zone, Akber Sheikh, Pakistan never faced dearth in yarn. More so, the spinners hiked the yarn prices due to rise in cotton prices in the international market.

While about 7,000 spinning mill workers protested in Sheikhpura, Lahore, about 10,000 employees staged a demonstration at Multan, which was the largest ever.

With the current circumstances in the spinning sector, certain firms have also issued lay-off notices to their workers, which has further miffed the workers.

During the agitations, Rana Muhammad Farooq, Federal Textile Minister, called APTMA members for a meeting to resolve the issue. Gohar said that, they would pressurize the minister to bring about a solution by urging him to act as a minister of the entire textile industry and not just the garment sector.

Fibre2Fashion News Desk - India


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