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FAISALABAD: All Pakistan Textile Mills Association (APTMA) has decided to shut down textile mills across the country on Wednesday.

“The textile mills of the country will also be shut down from Saturday. 1,600 textile mills have already been closed down,” the APTMA said.

“Five million employees will lose their jobs and 30 million people will be affected due to the closure of textile industries,” it added.

Cotton crop: Aptma estimates $1.5bn production losses

“The government has withdrawn competitive power rates for textile industry. The closure of textile industry will deal a heavy blow to the domestic exports,” it stated.

“Increasing exports is very important and the only way-out for the economy of the country. The government must provide electricity and gas at competitive rates to textile industry. It should also ensure continuous power and gas supply to textile industry,” it demanded.

Comments

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Truthisbitter813 Oct 06, 2022 09:57am
Sounds more like strong-arming than anything else. Textile sector had ample time, capital, incentive AND opportunity to invest in alternate energy projects. But it instead chose to fill up its coffers and rely on industry subsidies to cover up their reds and show record profits. What goes around comes around.
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Fouzi Oct 06, 2022 11:47am
it was long due. please also include removal of sales tax for exporters in your demands
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Ecosent Oct 06, 2022 11:51am
@Truthisbitter813, what kind of alternate energy projects you are talking about ?
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Ziaul Haq Oct 06, 2022 12:31pm
APTMA is used to being pampered and asking for undue concessions from the Government, this is nothing but blackmailing. Since inception they have earned billions of Rupees every year and instead of investing that in their core business they all have been investing in Real Estate markets earning further billions of Rupees. They should invest in alternate sources of energy and make Pakistan prosperous instead of begging again and again.
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Owais Oct 06, 2022 02:19pm
Govt should not surrender. Textilers minting money due to higher exchange rate. Hiring low paid employees on daily wages not giving them any benefits like medical gratuity pension etc. keeping multiple accounts hiding income etc. Trxtile owners personal assets are increasing day by day and workers are suffering.
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M Waseem Akhtar Oct 06, 2022 02:44pm
@Ecosent, seems like he is talking about solar power projects. Many textile units have already converted partially to solar.
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Muhammad Ali Raza Oct 06, 2022 06:32pm
APTMA always look out for favours at the cost whole economy. Who will bear the cost of IPPs, if affluent businesses like APTMA wants live on subsidies. Pakistan can't count on APTMA for solving problem of adverse balance of trade. No favours be given them. Instead should spend on support to Export based IT company's who are the last hope to save Pakistan.
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Shoaib Ali Oct 07, 2022 01:02am
The regime changers handlers never kept it in mind PPP PML-N in last 40 years of rules couldn't raise exports above US$ 25 BILLIONS & TAX COLLECTIONS RS.3,800 BILLIONS FIRST TIME PTI GOVT ACHIEVED EXPORTS OVER US$ 31 BILLIONS & TAX COLLECTIONS TO RS.6,200 BILLIONS IN 2021-22 BY IMRAN KHAN GOVT
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Ali Oct 07, 2022 05:01am
@Ecosent, All types.
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Fahadshaikh Oct 07, 2022 08:52am
Aptma plz support pakistan.u people made good profit last years bec of high exchange now Pakistan need ur support
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Ejaz Oct 07, 2022 09:57am
I fully support APRMA's demand.
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Umair Anwar Oct 07, 2022 12:08pm
Good work
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Mohammad Iqbal Oct 07, 2022 12:55pm
Why do we have rupee. We should all deal in us dollars so that their is no variation. Rupee causes life of ordinary people misery
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Aizad Sayid Oct 07, 2022 04:36pm
If you look at power tariffs for textile in India and Bangladesh, they are at approximately 20 rupees per unit. Pakistan should provide power to textile exporters at around the same rate in order for our exports to grow and reduce balance of trade deficit. India's foreign exchange reserve of 660 billion dollars was built through subsidized exports and IT industry boost. We must do the same in order to improve our standard of living. More importantly, we must encourage local production of goods and services to reduce import of finished goods. If we don't increase exports and decrease imports, we will continue to spiral into a currency crisis every time we achieve modest economic growth.
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Ahsan Rauf Oct 07, 2022 04:59pm
these are blackmailers and who give meager dividend to citizens who have invested in shares of their companies despite hefty earnings in 2022 .You demand subsidy from government but unwilling to distribute profits to your shareholders Blackmailers
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Saeed Oct 07, 2022 08:14pm
@Shoaib Ali , last gov told fake figures. If these figures was then dollar should be less than RS100 not above 170. Unfortunately PLMN and PTI ARE equal in all negative aspects.
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allthatglisterisnotgold Oct 08, 2022 09:45am
@Truthisbitter813, They have invested in solar energy but government is also trying to tax renewable energy source and Environmental Protection Agency is destined to put pressure on manufacturers by putting irrelevant environmental cases on companies in order to receive bribery. Textile mills have already shifted to solar energy partially. You cannot shift to solar energy fully because renewable energies are kind of unreliable. You can use them to cut your energy costs but it's difficult to use them as your primary source of energy. Secondly other form of energy production that is available in Pakistan is coal power plants, which many companies have already installed. Coal used in coal power plant is a high quality coal that mainly comes from other countries such as Iran, Kazakhstan, Poland etc. Due to ban on imports, it has become difficult to run coal power plants.
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Ahsan Rauf Oct 08, 2022 09:00pm
@Aizad Sayid, why they don't distribute dividend to their shareholders according to earnigs
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