The cost of doing business has gone up by a great extent and if the government fails to offer any relief package then 200 spinning units will close down after the budget announcement.
Some textile millers are bearing a crore-rupee loss daily due to non availability of level playing field against competitors.
The APTA ( All Pakistan Textile Association ) has recently sent a delegation to Islamabad to request the concerned ministers to look into their grivenances.
APTMA ( All Pakistan Textile Mills Association ) had circulated a letter to its members to stage a sit-in before the PM house and observe a one-day strike.
APTMA is the registered body of textile millers while APTA is union of the APTMA dissidents.
APTA has decided to take textile millers on roads and they are going to start with token strike of two hours daily from June 15 onward. According to them, they would not hesitate from taking extreme steps in case the government failed to meet their demands.
The spinning industry has urged the government functionaries for long term finance through LTF for all outstanding liability, whether it is classified or not and further short term loans at special textile finance rates.
Similarly, a moratorium in repayments to financial institutions for two years to let this volatile situation settle down and to prevent spiraling defaults.
There is demand for removal of cross subsidies in the utilities, including electricity and gas.