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PTEA elects Ajmal Farooq as new chairman

Pakistan Textile Exporters Association (PTEA) held its annual elections recently. Ajmal Farooq of Noor Fatima Fabrics was elected chairman of the Association. Other office-bearers were elected unopposed as no nomination papers were filed. Earlier, 12 members were also elected unopposed as Executive Committee members for the next two-year term.

Besides Farooq others elected were Faisal Nisar of NFK Exports elected as senior vice chairman and Muhammad Naeem of Enn Eff Exports elected as vice chairman for the term 2016-17. Speaking after his election, Farooq said chairing the country's apex textile body was an honour as well as a challenge particularly in these testing time. Currently, textile industry was facing many challenges in almost all segments particularly high utilities cost, trade deficit as well as additional levies and other impediments directly affecting the cost of doing business, which has hampered exports of the country. The textile sector will have to deliver to steer the country out of economic troubles. For this, the PTEA would need the cooperation of not only the entire sector but also of value-added associations, he added.

Farooq appealed to the government to chalk out a viable policy on textile. This, he said was required as this sector has the potential to wipe out the entire trade deficit, provided genuine factors impeding its growth are removed. The Annual General meeting of the Association will be held on September 27 and results of the elections will be announced officially while newly elected body will take charge of their offices from October 1.