Apparel industry to work with govt to revive growth momentum,
LAHORE – Pakistan Hosiery Manufacturers Association (North Zone) has elected Faisal Mheboob Sheikh, Farrukh Iqbal and Rafi Sony unopposed as chairman, senior vice chairman and vice chairman respectively for the year 2020-21. The newly-elected executive committee also appointed Adil Butt as the chief coordinator of the PHMA- the former chairman of the Association.
According to a press release issued here, the PHMA zonal committee, in its meeting held in Lahore, also approved the results of the elections.
The new zonal chairman Faisal Mheboob Sheikh, in a statement, termed the knitwear industry as number one in the ranking of export-products. He vowed that value-added textile industry was ready to work closely with the government with a view to enhance the exports and revive growth momentum.
Faisal Mheboob Sheikh called for giving a boost to the export sector by adopting diversified marketing techniques and extending practical support to the industry, and asked the knitwear and garment exporters to prepare themselves for meeting the global challenges so that momentum of exports could not only be maintained, but also new opportunities be fully exploited.
On this occasion, the newly-appointed chief coordinator Adil Butt pointed out that entire textile sector is presently under disarray owing to high cotton yarn prices owing to its shortage in the country
What is disturbing the value-added textile industry is the non-availability of cotton yarn in the domestic market putting millions of dollars export orders at stake, he said. He asked the government to pay immediate attention to resolve the issue of cotton shortage and its quality.
Adil Butt said that availability of high-quality cotton is fundamental to the textile value chain, as cotton makes market, shape industries and causes revolution and brings prosperity to economies.
He also stressed the need for adopting new technology so that Pakistan’s exports may be able to cope with the emerging challenges in international arena.
Adil Butt urged the new government to undertake thorough research and also brief the SMEs of the details of such challenges.
He hoped that the government would help boost country’s exports especially of the value-added textile, while all the macro and micro issues of the trade and commerce would also be addressed.
Adil Butt said that growth of value-added textile industry was a must to steer the industry of worse situation and contribute to the exports of the country. He observed that the domestic industry should be allowed to grow while enjoying the right to avail opportunities against the competitors.
