LAHORE - Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has elected Mubashar Naseer Butt as its new central chairman for the year 2018-19. The Association also elected Amir Lakhani as senior vice chairman, Tariq Javed Fiazi as vice chairman, Muhammad Naseer Malik and Farooq Meyer as new CMC (NZ) members for 2018-19.

While addressing the AGM, newly-elected chairman Mubashar Butt vowed to promote the Association to new heights. He thanked the members for reposing confidence on him to lead the PRGMEA.

Mubashar Butt said that it was an honour for him to assume the office of the chairman for the year 2018-19. He paid tribute to the outgoing central chairman Shaikh Mohammad Shafiq and senior vice chairman Sheikh Luqman Amin. He said that the outgoing body in the lead of its chairman and SVC had been actively promoting the interests of the value-added textile industry throughout 2017-18.

He said that high cost of doing business, issues of market access and exchange rate are hindering the Pakistan exports growth and the new government will have to work on it in consultation with the stakeholders to resolve the problems.

Tariq Javed Fiazi, who was elected as vice chairman, 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 exports 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 new government that after the duty-free import of fabrics, textile exports will increase by at least 30 percent annually 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 2017-2018 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.