The All Pakistan Textile Mills Association (APTMA) has elected Abdul Rahim Nasir as its new Chairman for the year 2021-22 while Jamil Qassim and Atta Shafi Tanvir Sheikh were elected as Senior Vice Chairman and Vice Chairman respectively.
Nasir assured that he would keep interacting with the government for continuation of regionally competitive energy tariff of electricity at 9 cents per kWh and gas at $6.5 per MMBTU during the fiscal year 2021-22 and onward. He expressed confidence that with incessant availability of energy and raw materials at regionally competitive rates, industry would put its best to achieve the lofty target of exports for the current year.
He urged the government to accelerate its pace in removing the remaining irritants in doing business for uplifting the economic activity in the country.
Pakistan’s textile exports registered an impressive growth during the outgoing fiscal year of 2020-21 by earning $15.4 billion, which is 23 percent higher than the previous year’s textile exports of $12.5 billion. Nasir pointed out that about 70 percent of textile exports from Pakistan were from value added sector which is a healthy sign for the country.
