Home / Knowledge / News / Textiles / APTMA withdraws strike call

APTMA withdraws strike call

21
May '10
Following their meeting with the Federal Textile Minister, Ran Farooq Ahmad, All Pakistan Textile Mills Association (APTMA) has called off their two days in a week strike, but only for the time being.

Owing to imposition of 15 percent export duty on yarn exports by the Cabinet Committee of Textile, the Pakistan Yarn Merchants Association (PYMA) and APTMA, in opposition to this duty, had announced a twice-a-week strike till July 12, 2010.

In addition, yet another meeting will also be conducted between the federal textile minister and the garment sector, for demanding ban on exports of yarn.

Shakeel Ahmad, member of PYMA informed that, future actions will be taken once the result for the above-mentioned meeting is also known, as there needs to be an equal situation for all. In case there is no positive outcome of the meeting, then July 12, according to the associations, was just around the corner and the yarn exporters would soon turn defaulters in the global market.

Also, besides several Letters of Credit (L/Cs) hanging in mid-air, the yarn sector has also incurred 35 percent loss on the exports front.

APTMA and PYMA are expecting that, the meet between the federal textile minister and the garment sector will throw a positive light on all segments of the textile industry, thereby; help earn 62 percent of the overall export profits of the country.

Fibre2Fashion News Desk - India


Must ReadView All

Pic: Shutterstock

Textiles | On 14th May 2021

European Commission upgrades EU growth outlook for 2021 & 2022

In its Spring 2021 Economic Forecast, the European Commission has...

Pic: Shutterstock

Textiles | On 14th May 2021

Global 2021-22 cotton consumption highest in 4 years: USDA

Record global cotton supply will drive higher consumption as recovery ...

Pic: Walmart

Retail | On 14th May 2021

Walmart to acquire virtual fitting room platform Zeekit

US retail giant Walmart is acquiring Zeekit, a female-founded,...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Wearables have very limited reach

Textile Industry, Head honchos

Textile Industry
Head honchos

Increased need for online fitting solutions as retailers shift to...

Textile Industry, Head honchos

Textile Industry
Head honchos

Value of 'Made in India' should get more importance

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Nick Isles,

Nick Isles

The Condé Nast College of Fashion & Design or CNC as it is known as,...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Dave Rousse, INDA

Dave Rousse
INDA

INDA, the Association of the Nonwoven Fabrics Industry, serves hundreds of ...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Hemant Bheda, Arevo

Hemant Bheda
Arevo

Arevo, based in Silicon Valley in California, develops technology to...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Sweta Tantia, Tahweave & Garo

Sweta Tantia
Tahweave & Garo

Designer Sweta Tantia owns Garo, a couture indutva or ethnicwear brand,...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by Aprajita Toor were born out of a deep desire to create...

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

Leave your Comments


May 2021

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


Advanced Search