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Coronavirus
VERY HIGH
Pakistan Deaths
15,872
11824hr
Pakistan Cases
739,818
539524hr
Sindh
270,310
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258,441
Balochistan
20,580
Islamabad
68,066
KPK
102,290

FAISALABAD: The PHMA is expected to call a protest in the near future in view of the growing cotton yarn crisis. Group Leader Chaudhry Salamat Ali and Senior Vice Chairman of PHMA Mian Farrukh Iqbal said this while addressing a press conference at the office of Pakistan Hosiery Manufacturers and Exporters Association (PHMA).

The dream of the Prime Minister of Pakistan Imran Khan to promote the industry and rehabilitate the workers in Faisalabad had not even come true yet the yarn mafia started hoarding which would create a shortage of cotton yarn and the prices have skyrocketed and due to the shortage of yarn our valued textile sector has been facing severe difficulties. If the cotton yarn crisis continues like this and cotton yarn is not allowed from the Wagah border immediately, Pakistan’s growing economy will once again reach the brink of collapse.

The Prime Minister of Pakistan Imran Khan and his team should immediately formulate a strategy to overcome this cotton yarn crisis so that thousands of workers can avoid becoming unemployed. If the government does not address the artificial cotton yarn crisis on an emergency basis and take no action against this mafia, not only will thousands of workers lose their jobs in the next few weeks, and we will have no choice but to take to the streets for the labours and my rights.

Muhammad Ahmed Chairman (PTEA), Chaudhry Muhammad Nawaz Chairman Cotton Power Loom Association, Waheed Khaliq Rame Chairman Loom Owners Association, Arif Ehsan Malik Former Chairman (APBUMA), Chaudhry Talat Mahmood Senior Vice President (FCCI), Rana Talib Hussain Former Chairman Sizing Association, Mian Naeem Ahmed Former Chairman (PHMA), Muhammad Amjad Khawaja Former Chairman (PHMA), Mian Kashif Zia Former Senior Vice Chairman (PHMA), Hafiz Rashid Mahmood Executive Member (PHMA), Mian Asif Iqbal Director Kozi International and other industrialists said that to prevent this artificial shortage of cotton yarn, import of cotton yarn from Wagah border should be allowed and immediate action should be taken to increase cotton production to save thousands of workers from becoming unemployed.

If this does not happen, we will soon call for a protest after consulting with the chairmen of all the associations so that our voice can reach the ears of the Prime Minister of Pakistan Imran Khan and his team.—PR

Copyright Business Recorder, 2021