Lahore: Plans for protests opposing the quantitative restrictions on exports of yarn were called off by spinners when they got the assurance by Governor of Punjab, Salman Taseer that yarn trade would be free of curbs within a week’s time.
Governor went directly from Islamabad to have a discussion with the protesting spinner over the instructions provided by Asif Zardari, President and assured that ways of dealing with crisis were being found out effectively by the federal government.
He expressed them clearly that curbs levied on yarn export would be lifted very soon and compensation would be provided to all the value added textiles by the government through their own means in order to make yarn easily accessible and affordable too.
Gohar Ejaz, chairman Aptma-Punjab gave an assurance to the government that spinners were all set to provide a period of 2 weeks to the government for working out the formula. And governor expressed an assurance that the issue will be resolved within duration of 48hours, said sources.
It was also told that approx 99% of the spinners had already shut their factories for around 8 hours during the day for expressing the disgust on Ministry of Textile biased behavior towards the curbed yarn exports and spinning industry.
Media visits were arranged by Aptma to variety of areas in Lahore by Aptma having spinning mill clusters for showing the impact of the strike.
Gohar explained that viability of domestic value-added sector was somewhere linked with the local spinning industry and its survival, but it was incorrect to expect subsidy for ancillary sector by the yarn producers. If subsidy is needed by any industry, it should be well handled by the government’s own pocket, he said.
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