Strike action planned for tomorrow

Strike action planned for tomorrow

Around 400 spinning mills and members of All Pakistan Textile Mills Association (APTMA) will go on a nationwide strike on tomorrow (18 March) to protest against the restrictions on the exports of yarns from the country.

The spinning plants will remained close from 9am to 5pm, with around 250,000 workers protesting in front of the spinning plants.

Plant owners will hold a protest rallies in front of APTMA zonal offices in Lahore, Karachi and Peshawar, and will march toward the Governor House Lahore.

The textile spinning industry in Pakistan is likely to incur US$20m loss due to the day long strike.

In addition, garment manufacturers are expected to struggle with due to the disruption in supply of raw materials. Shipments of all textile products from the country will also be delayed.

Chairman of APTMA Punjab Gohar Ejaz told just-style that the quota restrictions on the exports of yarns from the country could result in permanent closure of spinning units because of the absence of yarn exports orders from the outside world.

This will result in loss of foreign exchange earnings too, he added. He said spinning industry exports would decline if no immediate revisions on quota imposition were made.

Ejaz said that the only way out of the situation was the restoration of Free Trade Mechanism and an end to all restrictions on the exports of yarns from the country.

Vice chairman of APTMA, Yasin Siddik, while addressing a press conference yesterday, said that despite several appeals the Federal Government has not taken notice of discriminatory actions against the spinning industry and would be completely responsible for production and revenue losses that could reach to $15m per day.