Sheikh Asghar Ali has been chosen chairman of the Pakistan Textile Exporters Association (PTEA). He is a seasoned industrialist and heads a group of modern textile units. He is on the board of charitable, health and educational institutions. Ali has already served PTEA in the same capacity in 2012-13.
PTEA is a facilitator for Pakistan’s textile sector. It protects the genuine rights of members while acting as a bridge between industry and government and other supportive quarters. Presently, Pakistan’s textile industry is in the grip of an unprecedented crisis. Capacity has been severely impaired. Textile exports, both in quantity and value terms, have declined across the value chain. Industrial productivity is low. Rival countries have gained markets that have traditionally been held by Pakistan’s textile exporters.
Ali’s priority would be to attain viability in international markets. PTEA under his leadership would provide policymakers with well-researched recommendations for the development of the textile sector. Prudent policies are needed. Asghar Ali thinks it is time to do away with all wasteful expenditures and adopt austerity without compromising on growth. He has asked his fellow businessmen to improve their human resources that would ultimately increase their efficiency and prepare them to survive in difficult times.
www.ptea.org.pk/