The Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has announced to elect its new executive body for the year 2020-21 while the election of central chairman, zonal chairmen, senior vice chairman and vice chairmen will be held on Sept 29th, 2020 followed by the Annual General Meeting of the Association.
The all new members of the executive committee were elected unopposed, including Shahzad Saleem Asghar, Shahzad Azam Khan, Farrukh Iqbal, Muhammad Zubair, Muhammad Idrees, Hafiz Rashid Mehmood and M. Rafi Sony.
The executive committee expressed the confidence that it will make all efforts to work selflessly in resolving issues and problems faced by the industry in the best interests of PHMA members and in further enhancing and boosting the exports.
PHMA vice chairman Shafiq Butt congratulated the new body and hoped that it would continue its efforts for the industry’s growth. He said that the knitwear apparel maintains the highest exports share, remaining at top of exports statistics every year despite adverse factors such as liquidity crunch and high costs of doing business. He suggested the new body to accord top priority in reduction of input cost, resolution of refund issues and a favourable environment for the promotion of hosiery industry. He said that growth of value-added textile industry was a must to steer the overall economic growth of the country.