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Govt asked to ban export of yarn
FAISALABAD, April 2: All Pakistan Cotton
Powerlooms Association (APCPA) has demanded the
federal government to restrain the unlimited
export of cotton and polyester yarn otherwise
local textile and its ancillary industries would
be closed down.
Talking to newsmen here on Thursday, APCPA
chairman Rana Mohammad Ikhlaq and its
vice-chairman Muhammad Akram Ghauri said that the
government had failed to control the escalating
prices of cotton and polyester yarn during last
eight months.
They said that the trade and industrialist bodies
approached the higher authorities for evolving
some foolproof strategy to control the prices of
yarn. But all efforts in this regard proved
futile.
They claimed that due to increase in the prices of
yarn and other raw material, the cost of
production had reached beyond the comprehension of
small industrialists owing to which thousands of
powerlooms had been closed down and scores of
daily wage earners had been rendered jobless.
They further claimed that during previous year of
2003, the export of yarn was 38 million kg monthly
which now had been jumped to 57 million kg during
the current year. The export of yarn in bulk has
also hampered the business activities of local
textile sector, they added.
They demanded Prime Minister Zafarullah Khan
Jamali to take stock of the situation and direct
the officials concerned for the immediate
restriction on export of yarn to save the national
textile and its affiliated sectors.
The DAWN |
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Pakissan.com; Advisory Point
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