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APTMA clarifies the govt’s decision of imposing 10% duty on textile

Related Keywords: cotton index, fabric industry, regulatory duty on yarns, spinning mills in Pakistan, textile industry of Pakistan, textile mills in Pakistan, weaving mills

All Pakistan Textile Mills Association (APTMA) Central Chairman Tariq Saud stated that the government’s decision of imposing regulatory duty of 10% on yarn and fabric is sensible and based on thorough facts.

Around 40% capacity of spinning, weaving and processing mills has become impaired, closed and inoperative.

In this situation, the government’s decision would play a crucial role in saving the textile industry of Pakistan to come out of the crisis, said Tariq.

Textile mills in Pakistan protests against unfavourable govt policies

Related Keywords: Black Day, cost of doing business in Pakistan, government policies in Pakistan, power tariff, spinning mills in Pakistan, spinning sector, Textile mills, Textile production, textile relied package, yarn manufacturers in Pakistan

In Pakistan, the textile spinning mills had shut down the production on Wednesday to protest against government anti-industry policies which increased the cost of doing business in Pakistan.

The recent hike in power tariff and gas infrastructure development cess (GIDC) add around Rs 170 billion to the cost of doing business every year, said Tariq Saud, chairman of All Pakistan Textile Mills Association (APTMA).

He said that this strike was successful which also included leading groups in spinning sector, right from Karachi to Khyber Pakhtunkhwa.

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