Pakistan Textile Workers Association Supports Free Market Mechanism

2011/10/26 14:53:00 11

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Aziz, President of the Pakistan Textile Mills Association (APTMA), said that the textile factory has always supported and protected the rights of growers.

Aziz said: "when we trade, we always take sacrifices.

MONOPOLY

Policy, we support farmers and cotton mills on every platform. We have never discriminated against cotton growers and cotton mills. "

Aziz told reporters that cotton is in existence.

Exit

The prohibition action is prohibited, but as an organization of the Pakistan Textile Mills Association has consistently opposed any such action, we still support the free market mechanism more vigorously, so that each department can benefit, open time market and pricing.

Aziz said that in the international market, cotton prices have dropped, and in the past 10 days, because of the low innovation of cotton prices, New York futures prices have continuously declined.

Aziz said most textile factories shut down because of the lack of electricity and natural gas.

The operating rate of textile units is rather low.

Most textile units are still closed for three days per week.

cause

Low cotton utilization.

Because of high interest rates and lack of liquidity, many spinning mills have adopted ways of hoarding goods or raising inventories.

In terms of farmers' interests, Aziz said that the Pakistan Textile Mills Association is working closely with all departments to improve the research and development of cotton and cotton seeds so that farmers can benefit from high production and productivity improvement.

The Pakistan Textile Mills Association and the spinning mill have never formed an alliance of enterprises.

Aziz asked the government to remove obstacles, especially in terms of electricity and natural gas, and reduce interest rates.