LAHORE: The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) has elected Mubashar Naseer Butt as its new central chairman for the year 2022-23. The association also elected Amir Lakhani as its senior vice chairman, and Waseem Akhtar Khan as vice chairman.
While addressing the AGM, newly-elected Central Chairman Mubashar Butt vowed to promote the Association to new heights. He thanked the members for reposing confidence on him to lead the PRGMEA for the second time, as he was also elected as Central Chairman in 2018-19.
Mubashar Butt said that it was an honour for him to assume the office of the Chairman for the year 2022-23. He paid tribute to the outgoing central chairman Shaikh Shafiq Jhok Wala, senior vice chairman Sheikh Luqman Amin and vice chairman Muhammad Yaseen.
The Newly elected Vice Chairman of PRGMEA Waseem Akhtar Khan also appreciated the outgoing body, which had been actively promoting the interests of the value-added textile industry throughout 2021-22. He said that high cost of doing business, issues of market access and exchange rate are hindering the Pakistan exports growth and the government will have to work on it in consultation with the stakeholders to resolve the problems.
Mubashar Butt vowed to continue with his efforts for the promotion and protection of the value-added textile industry. His top priority would be early clearance of outstanding refund cases, resolution of tax related issues, and a favourable environment for the promotion of garment industry in Pakistan especially in Punjab. He urged PRGMEA members to come forward and contribute to chalk out recommendations to the government for arresting economic recession and increasing textile export by absolute means.
On this occasion, he also stated that duty-free imports of fabric, in addition to DTRE Scheme, should be allowed across the board for all exporters. He said that PRGMEA assures the government that after the duty-free import of fabrics, textile exports would increase significantly to double the figure within three years and thus, proceed from taxes will also increase accordingly, he added.
The outgoing chairman and senior vice chairman highlighted the achievements made during 2021-22 and expressed the hope that the new team headed by Mubashar Naseer Butt would continue the excellent work in the best interest of the entire value-added textile sector.
PRGMEA Chief Coordinator Ijaz Khokhar, PRGMEA former chairman Sohail A. Sheikh, Sajid Salim Minhas and Sheikh Luqman Amin congratulated the newly-elected office-bearers, expressing the hope that the new team headed by Mubashar Butt would continue the excellent work in the best interest of the entire value-added textile sector.
They expressed the confidence of making full efforts to work selflessly to resolve issues and problems faced by the industry in the best interests of PRGMEA members and in further enhancing and boosting the exports.
Copyright Business Recorder, 2022
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