Khurram Anwar Khawaja is the new chairman of Pakistan Hosiery Manufacturers Association (PHMA). Shahid Rafi and Naeem Ahmed are senior vice chairman and zonal chairman.
Khawaja expressed his resolve to meet the challenges of the times and to give a boost to the export sector by adopting diversified marketing techniques and giving practical support to the industry. He will continue with his efforts for the promotion and protection of value-added textile industry. His top priority would be uninterrupted energy supply to the knitwear sector, resolution of tax related issues, and a favorable environment for the promotion of hosiery industry in Pakistan, especially in Punjab.
The outgoing chairman and vice chairman highlighted the achievements made during 2016-17 and expressed the hope that the new team headed by Khurram would continue the excellent work in the best interests of hosiery manufacturers. There are about 13,372 circular knitting machines, 10,646 flat knitting and 23,241 socks knitting machines in the country. Capacity utilization is around 70 per cent.
Pakistan’s value added textiles in general and the apparel export sector in particular are under severe pressure due to hard competition in the international market being faced from competing countries like Bangladesh, Vietnam and Cambodia.