FAISALABAD (APP) - Value added textile sector has warned to launch a countrywide strike from January 8 if their major demands were not accepted by the government. This was stated by the leaders of Pakistan Textile Exporters Association, Pakistan Hosiery Manufacturers and Exporters Association, All Pakistan Textile Processing Mills Association, All Pakistan Textile Sizing Association, Pakistan Cotton Power Looms Association, Save Power looms Movement and Faisalabad Dyes and Chemicals Association while addressing a joint press conference here on Monday. They said that value added textile industry was continuously protesting against the unrestricted export of cotton yarn and unprecedented increase in its prices in the domestic market for over 60 days. Crisis was repeatedly brought in the notice of Government functionaries in various meetings held at Islamabad. The Government also promised to take necessary remedial measures but no practical step have so far been taken, they complained. They further contended that unbridled export of Yarn has not only created supply crunch but also escalated the prices in the domestic market. Taking cue from the trend in Cotton Yarn prices, Polyester Fiber prices were also raised. Despite the fact that prices of Polyester has come down internationally. According to them with abnormal high jump in raw material prices, the cost of Value Added textile products enhanced enormously and the export of finished goods become unviable in the face of tough competition in the international market. They called upon the government to take practical steps for resolving yarn crisis on war footing and added that without overcoming these issues, the textile export target of $25 billion would be hard to achieve in the prevailing conditions. They also demanded immediate cognizance of this serious matter by the Government failing which the textile industry as well as textile exports would collapse. We are peaceful citizens of Pakistan but the oncoming industrial crisis has forced us to forewarn the decision makers of the impending disaster for national economy, they asserted. They accused the spinners lobby was trying to sabotage Governments first ever five year textile policy and hindering the achievement of US $ 25 billion export target, he quipped. Only for the advantage of 300 spinning industries the entire value added textile and ancillary industrial units generating employment to millions of workforce, should not be allowed to push to the wall and ruined, they argued. Answering to a question, they said, that they have received invitation from high Government authorities to hold meeting on the issue but it was unanimously decided to refuse such invitation without any credible assurance to accept our demands. In case of no acceptance of our demands, we have also the right to contact the Supreme Court of Pakistan for necessary relief, they added. They also condemned the recent hike in the prices of Gas and Electricity and claimed that there is no justification to raise their prices at this critical stage and demanded to withdraw this decision. They also condemned the bomb blasts in Karachi, lucky Marwat and other parts of NWFP and expressed deep grief and sorrow over the loss of precious lives of innocent citizens and goods worth of billions in the tragedy.