The delay in the announcement of textile package was having serious aftermath on the textile sector including permanent closure of units, labour layoff, impact on cotton procurement and supply chain disruption, said All Pakistan Textile Mills Association (Aptma) Punjab chapter chairman Aamir Fiaz Sheikh, accompanied by former central chairman S.M. Tanveer, at a press conference held on Saturday.
Textile millers on Saturday placed a fresh demand to the federal government to announce a package for the industry as high cost of doing business and liquidity crunch was forcing shutdown of units and reduced number of shifts.
The millers also appealed to Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar to save the industry from complete collapse.
The Aptma leader said that textile exports have declined in quantitative terms across the value chain as there has been no-investment in it for the last 6 years. Their international market share and domestic market is being encroached upon by India.
Sheikh said that 45 percent of production capacity was idle for the first time in history as 45pc load on Lesco network was reduced during Eidul Azha holidays.
The government promised to implement a decision within five days of the last meeting, he reminded.
The industry could not afford such closures, adding that some 20 mills had closed down in the last two months.
Indorama Ventures has teamed up with Suntory, Iwatani, and others to introduce the first commercial-scale bio-PET bottle, made from certified…
Milliken & Company has introduced Milliken Assure, first flame-resistant moisture barrier for firefighter turnout gear that is free from PFAS…
Paradise Textiles has collaborated with Kintra Fibers, a leader in bio-based fibers, to produce the first garment made from Kintra’s…
Swisstulle adopted JigMaster for its dyeing and finishing operations, especially for high-quality technical textiles used in fashion and automotive industries.
Birla Cellulose, a leader under the Aditya Birla Group, has announced a long-term partnership with Circ, a U.S.-based textile recycling…
CARBIOS has collaborated with leading brands Patagonia, PUMA, Salomon etc. to create a groundbreaking polyester garment made entirely from textile…