Chairman All Pakistan Textile Mills Association (APTMA) Punjab Gohar Ejaz inaugurated APTMA Faisalabad office with a hope that the member mills would take benefit of securing synergies of operations and economies of scale.
Addressing the APTMA Faisalabad members, Chairman APTMA Punjab said the Faisalabad textile cluster has a membership as much and as good as the whole of the Sindh-Balochistan Zone with a potential to increase by 50 percent in future. He said the APTMA working from Faisalabad is eminently poised to be better responsive to the issues and concerns of its constituents.
If APTMA had its presence at Faisalabad earlier, it is my firm belief that the yarn fiasco would have been averted, he added. Gohar urged the APTMA Faisalabad members to take benefit of the association office, as it would be ready to help in efforts at the resolution of localised issues at the field level.
Further, he expressed the hope that the office would provide a forum for exchange of ideas and information and the identification of issues to enable priority-wise resolution of operating bottlenecks. According to him, the decision making these days, especially in the textile sector, was all information-based.
The Faisalabad office would have access to the information collected and research data brought forth by the excellent Research & Development facility at the APTMA Lahore, he added. APTMA Punjab Chairman said the present management was doing its best to convince the domestic and international quarters to extend unrestricted international market access to Pakistan so as to offset the harm suffered by the economy from the mega-scale floods.
Likewise, he said, cotton import, especially from the US on deferred payment basis would give much-needed breathing space to recovering industry. Besides, he added, there are some very basic and elementary banking issues seriously affecting the liquidity of industrial operations.
APTMA was trying that some sense must drawn in and it be understood that enhancement of credit limits is called for in line with the increase in price of cotton. Convenor APTMA Faisalabad office Omar Nazar Shah also spoke on the occasion. As many as over 80 members from Faisalabad, Karachi and Lahore attended the inaugural ceremony, followed by Iftar dinner in the presence of Chairman APTMA Punjab Gohar Ejaz.