Textile industry’s frustration deepens

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The textile industry frustration is escalating fast amidst a cold shoulder response of the federal government towards its demand of reduction in cost of doing business. The textile industry circles have pointed out that both the Prime Minister Nawaz Sharif and federal Finance Minister Ishaq Dar had engaged the textile industry since early September. The government had invited the textile industry after the All Pakistan Textile Mills Association (APTMA) had observed a countrywide black day and burnt the Indian yarn on streets, they added.

They said the Prime Minister was himself available to the textile industry leadership, pledging to resolve their issues within a week from September 11 onwards. However, no major breakthrough could take place since except increasing duty on imported yarn by 10 percent.

So far as the high energy cost is concerned, the federal government has failed to address it even after the lapse of four months when the textile industry delegations met the Prime Minister. Not only this, added the industry circles, the government has not announced the trade policy since July 2015. Furthermore, they have pointed out that no federal Textile Minister has been appointed after the departure of Abbas Khan Afridi.

Ijaz Khokhar, a top notch of the value added sector said even the increase of 10 percent in import duty of yarn has failed to address the problems of the basic textile industry. He said a deep division in the textile industry associations was main cause behind the present state of affairs. “We all are facing problems and we all know the solutions at the same time. The only thing we have to do is to depart from our self-styled egos, sit together on a table with a clear headed approach to resolve industry issues through a joint forum,” he stressed.

Meanwhile, it is learnt that the bigwigs of the textile industry have joined their heads again to chalk out a solid strategy to engage the government ahead. “They may opt for a countrywide strike for indefinite period this time around,” the sources added.

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