KARACHI: All Pakistan Textile Mills Association (APTMA) has strongly rejected the fake reports regarding the closure of textile Industry from Saturday, 30th December 2022.
APTMA has said that the propaganda is purely based on speculations and assumptions deduced from a letter sent to the Prime Minister of Pakistan, explaining the on-ground situation of the textile sector and the operational roadblocks.
On 23rd December 2022, Patron-in-Chief, APTMA, Dr Gohar Ejaz wrote a detailed letter to the Prime Minister of Pakistan, providing an account of the present situation of the industry and the mammoth challenges faced by the export sector.
In the letter, the management apprised the Prime Minister on the textile sector operating at a capacity utilization of less than 50 percent across the country due to various issues.
APTMA has asked the Government to take appropriate actions and pay special attention to the issues highlighted in the letter to enable the export-oriented sector to continue to contribute maximum support for the Balance of Payments, as well as, employment for the people of Pakistan.
Under the current circumstances, any decision to shut down the entire industry would be disastrous and irresponsible. APTMA is a conscientious body that is cognizant of the challenges faced by the country and is aligned with the fabric of this nation and its sovereignty, it added.
APTMA requests all the stakeholders to play their responsible role in steering our country out of these difficult times and avoid associating them with the baseless propaganda.
Copyright Business Recorder, 2022