KARACHI - After failed on reaching an agreement accepted to all stakeholders in a meeting held recently, the Ministry of Textile Industry has decided to hold another round of negotiations with the representatives of All Pakistan Textile Mills Association (APTMA) and value added manufacturers next week. The proposed meeting aims to resolve the ongoing crisis, which has put the entire textile industry into murky waters for the last few weeks. The sources in APTMA, who were familiar with this development on the condition of anonymity told The Nation on Saturday that in the upcoming meeting, the value added sector will agree to reduce export duty on yarn exports to 5 per cent from the current rate of 15 per cent as they feel that temporary fall in yarn prices will impede their quest for higher export prices from their buyers and will hurt the value added sector in long run. Sources further revealed that the Federal Minister for Textile Industries Rana Farooq Saeed Ahmad Khan invited the APTMA delegation including the heads of spinning mills and the representatives of value added sector on Friday at Textile Ministry office in Islamabad with a view to seek out a durable solution of this crisis. However, the Ministrys office at the time of meeting became the scene of bitter infighting among the textile industrialists. Sources claimed that the value added associations went out of control and forced him (Minister) and two other major exporters to leave the meeting even though they had been formally invited by the Textile Minister. Sources disclosed that the textile goods exporters are looking for the intervention of Prime Minister in the issue as they think only PM interference can save the situation from further worsening in the time to come. During meeting, the APTMAs representatives told the concerned minister that the business of the transport sector has been badly affecting by the government decision of imposing 15 per cent duty on yarn exports because as a rapid consequences of this tax imposition, the export containers have been stuck at the ports and the transport business has come to a standstill despite the strike called off by the APTMA. It may be mentioned that the players of the transport sector attended a rally of APTMA in Sheikhupura and Punjab and had earlier offered to join the APTMA strike in a bid to show solidarity with the cause of this association. According to sources, the APTMA delegation waited several hours to get a decision from the Minister and Secretary Textile Industry for urgent relief to allow shipments stuck at the port but the Minister refused to give relief and left the matter pending till next week. Sources said split in textile industry has been deepening day-by-day. Top exporters of finished textile goods and reputed analysts are blaming Textile Ministry for interfering in the market through quotas and regulatory export duty which has caused severe market distortions, strikes and complaints from foreign buyers and trade officials. The director of a largest textile products exporting company in the country pointed out that the governments interference in market mechanism was damaging the industry to a large extent. Sources confirmed that officials of textile ministry being familiar with international trade rules realised that the government decision regarding the imposition of regulatory duty on yarn exports has disturbed the hornets nest but it needed a face saving device to get out of the mess. It may be recalled that the APTMA had called off the spinning mills indefinite countrywide strike against the imposition of regulatory duty on yarn export on May 20, 2010 (Thursday) after having successful negotiations with the Minister of Textile Industry.