Chairman, All Pakistan Textile Mills Association (APTMA), NWFP, Afan Aziz has dispelled the impression of non-availability of cotton yarn in the local market, saying that sufficient stock of the commodity was available with the spinning industry of the country. Addressing a press conference here on Saturday, he said that some element with vested interests were out to influence government for putting ban on the export of cotton yarn.
He said that ban on the export of the commodity would negatively impact the sector. He urged the government not to come forward to serve the interests of the vested interests and offered to send convoy of one thousand cotton yarn loaded trucks to Faisalabad every week to prove that the country was facing no shortage of the commodity.
One thousand trucks, he said, would transport 10,000-ton cotton yarn worth Rs 2 billion. He said that spinning industry is in a position to arrange the required cotton yarn each week. Afan Aziz requested the government not to ban the export and continue and allow free-market mechanism.
He said that during the cotton yarn crisis, the industry had imported the commodity from People's Republic of China and India. He said that government should ban all products and allow the export of only finished textile products. He said that spinning industry was determined to prove the propaganda regarding unavailability of cotton yarn as totally wrong and false.
The chief of APTMA NWFP chapter was of the view that the violation of the market mechanism would be sheer injustice with the spinning industry. He said that in such situation, the industry will not be in a position to run and they will be left with no option than going on a strike. "It would be better for us to close down the mills and export the available cotton yarn and closed our mills," added Afan Aziz.
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