PAKISTAN: Textile millers to observe token strike

LAHORE: The textile millers who waited for the government to announce some relief package in this years budget ( 2007-08) have decided to observe daily token strike of two hours from June 15.

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.


Send your News/Releases for publication to [email protected]
Added: June 6, 2007 Source: Agencies
Start script - 1519444334.6066 Start news id check - 1519444334.6066 After news id check - 1519444334.6071 After cookie_code - 1519444335.165 Before news detail - 1519444335.165 After news detail - 1519444335.1656 Start cat select - 1519444335.1657 After cat select - 1519444335.1659 before preg replace - 1519444335.1659 After preg replace - 1519444335.166 Before tag engine - 1519444335.166 After tag engine - 1519444335.1694 Before mptt engine - 1519444335.1694 After mptt engine - 1519444335.1694 Before related engine - 1519444335.1694 After related engine - 1519444335.1698 Before update hits - 1519444335.1698 After update hits - 1519444335.17 After update news_hits - 1519444335.1713 After mem_only_views - 1519444335.1715 -------------------------------------------------- Total Exec time:- 0.56500005722046
AddThis Social Bookmark Button   Tell a friendBookmark AddThis Feed Button
Related News:

Website design by InWiz • © - 2000-2018. Internet Wizards All rights reserved. About usTerms & ConditionsDisclaimerPrivacy policy • 24-02-2018