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.
