FLASHNEWS:

APTMA rejects reports of textile industry’s closure

Karachi, December 26, 2022 (PPI-OT):All Pakistan Textile Mills Association (APTMA) on Monday 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. 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. Apartments concerned in post-arrest bail plea of PTI Senator Azam Swati. Chief Justice Aamir Farooq heard the plea. Mr. Swati in his application submitted through his counsel Babar Awan stated that he didn’t t post alleged tweets and that Swati had no intention to defame any state institution. The plea further stated that even the prosecution had no evidence in this regard. “The PTI leader is 75-year-old man and is heart patient,” the counsel said.

The court issued notices to the state and the departments concerned and sought replies till Jan 2, 2023. The trial court had rejected Mr. Swati’s bail application on Dec 21. Meanwhile, PTI leader Asad Umar said on the one hand, the one facing corruption worth billions had got his bail secured while sitting in London but, on the other, Azam Swati’s bail was not accepted despite passage of several weeks. Taking to Twitter, the former minister called the delay double standards.

For more information, contact:
All Pakistan Textile Mills Association (APTMA)
APTMA House, 44-A, Lalazar,
Molvi Tamizuddin Khan Road,
Karachi -74000, Pakistan
Tel: +92-21-111-700-000
Fax: +92-21-35611305
Email: info.po@aptma.org.pk
Website: www.aptma.org.pk