| APTMA criticizes foreign shipping lines
surcharge
All Pakistan Textile Mills Association (APTMA)
while strongly criticizing the decision of major foreign shipping
lines to impose $100 surcharge on all import cargo from February 01,
2008 has urged upon the Government to press them to withdraw the
decision.
In a statement issued to the press said that the
unilateral decision of Foreign Shipping Lines and Container Terminal
Management will have serious and harmful effects on the capability of
the industries, importing raw material for manufacturing to compete in
the international market.
He said that the textile industry being
export-oriented industry is already facing severe crisis due to high
cost of doing business that had badly affected investment and growth
since 2006. The industry also has to contend with raw material crisis
caused by huge reduction in size of domestic cotton crop and shortage
of gas and electricity.
The imposition of such penalty will create
further complications for such industrial units, which are already
facing multiple problems and would put unbearable strain on it.
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