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63rd AGM of APTMA: Elected office bearers formally assume charge

Mr. Abdul Rahim Nasir formally assumes charge as the new Chairman of APTMA. Moreover, Mr. Muhammad Jameel Qasim and Mr. Atta Shafi Tanveer Sheikh have also assumed the charge of Senior Vice Chairman and Vice-Chairman respectively for the term 2021-22. At the 63rd Annual General Meeting of APTMA, Mr. Abdul Rahim Nasir thanked Mr. Gohar Ejaz and all the members and assured them that his team will try their level best to achieve the target of 21 billion dollars of exports in 2022.

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In the 63rd Annual General Meeting of APTMA, Mr. Abdul Rahim Nasir has assumed the charge of the office of the Chairman APTMA for the term 2021-22. Mr. Muhammad Jameel Qasim and Mr. Atta Shafi Tanveer Sheikh have also assumed the charge of Senior Vice Chairman and Vice-Chairman respectively for the term 2021-22.

Mr. Adil Bashir, the outgoing Chairman has congratulated all office bearers while handing over the charge to Mr. Abdul Rahim Nasir.

Mr. Gohar Ejaz, the Patron in Chief of APTMA while addressing the house, welcomed office bearers for the term 2021-22. He highlighted the contributions of APTMA and the textile industry for achieving the best results that helped the country to stabilize the economy in the last two years.

Read more: Victory for Businessmen Group in APTMA annual elections 2021-22

Pakistan’s textile industry heading towards success

He said that the textile industry has achieved the highest ever exports last year despite Covid and other exporters losing markets. The Patron in Chief APTMA stated that there will be a 50 percent higher cotton crop in 2022 from 6 million in FY 2021 to 9 million bales in by 2022 and farmers will therefore get Rs. Rs 400 billion more than last year for the cotton crop.

This will bring prosperity to the cotton-growing area of Southern Punjab and Sindh as cotton hits one of its highest prices of 100 years subject to continuing of free-market mechanism in the complete textile value chain and ensuring international prices to complete the value chain.

APTMA still has to procure 6 million bales through import and purchase 6.5 million bales from the domestic market. Any market distortion will be detrimental to the whole chain.

Read more: APTMA against regulatory duty on cotton yarn export

The Chairman APTMA, Mr. Abdul Rahim Nasir thanked Mr. Gohar Ejaz and all the members and assured them that his team will try their level best to achieve the target of 21 billion dollars of exports in 2022.

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