If LCs are not opened, textile industry will shut down: Aptma's letter to Finance Minister

If LCs are not opened, textile industry will shut down: Aptma's letter to Finance Minister

All Pakistan Textile Mills Association (APTMA) communicated apprehension about the conclusion of the textile industry on the off chance that LCs are not opened.

All Pakistan Textile Mills Association has written a letter to the Finance Minister in which it is said that the cotton is exhausted, they want to import but LCs are not permitted to be opened, if the LCs are opened, the industry business will be shut.

Gohar Ijaz, pattern chief of Aptma, said that the textile exports are decreasing by one billion dollars per month, if the decision is not taken yet, the target of textile exports will not be achieved, the closure of the textile industry will bring a storm of unemployment.

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