All Pakistan Textile Mills Association (APTMA) has rejected news reports about textile industry’s closure, stating that it would be highly irresponsible to shut down the textile industry in the current situation of Pakistan, reported 24NewsHD TV channel.
According to APTMA Patron-in-Chief Gohar Ejaz, the association has not yet made any such announcement yet and the speculations on social media were totally baseless.
Gohar Ejaz also wrote a letter to the Prime Minister in which he has informed the premier about the growing problems of the textile industry, requesting for prompt action to address these problems as well as drawing his special attention towards this industry.
Moreover, the Prime Minister was apprised that the textile industry is running at 50% of its capacity, and there is a severe capital deficit.
The APTMA is a responsible organization; therefore, all stakeholders should avoid baseless propaganda, he added.
Reporter: Waqas Azeem