Pakistan Yarn crisis upgrading, spinning mills and value added Textile industry They decided to abandon their differences and solve problems through dialogue aimed at providing the government with a strategy to jointly revitalize the textile industry.

Informed sources said on Thursday that Prime Minister Yusuf Raza Gillani (Yousuf Raza Gilani) personally intervened and asked the textile minister Rana Mohamed Farooq (Rana Mohammed Farooq) to convene the two sides to end the 9 month old yarn crisis because it has seriously affected Pakistan's textile exports.

The leaders of the Pakistan Textile Mills Association (APTMA) predict that textile exports could reach US $16 billion this year if we prudently implement the textile policy.

The two sides agreed to set up a committee of 16 people, 8 of them from the value-added sector and the Pakistan Textile Mills Association (APTMA). The committee will convene in recent days to resolve the differences between the two sides.

Prime minister comes from cotton The pressure of voters in the planting area wants to solve the yarn crisis before the cotton picking is fully developed. All stakeholders agreed that it would be impossible to reduce yarn prices to current cotton prices.

Supplement:

German inflation declined in June as clothing prices and shoes prices offset the rise in oil prices.

The German Federal Statistical Office said today that the inflation rate calculated by the EU unified coordination method in June dropped from 1.2% in May to 0.8%, which is consistent with previous expectations. The consumer price index remained unchanged in June.