Elections of All Pakistan Bedsheets and Upholstry Manufacturers Association (APBUMA) were completed here in peaceful manners. Syed Muhammad Aasim Shah (Multan) has been elected unopposed as chairman of the association for 2011-12, while Tanvir Ahmed Sheikh (Multan and Imran Mehmood (Faisalabad) have been elected as Vice chairmen.
Khawaja Muhammad Younas, Khawaja Muhammad Fazil, Muhammad Arif Sheikh, Shaikh Muhammad Tayyab, Muhammad Iqbal congratulated the newly elected body. Later talking to newsmen Syed Aasim Shah said that energy crisis had badly hit textile and ancillary industry. Now unjust increase in the power tariff had increased the cost of production. He said the increase in the cost of production in form of high gas and electricity tariffs raw material, import bills etc has created a question mark for the survival of small textile firms and growth of large players of this sector in the competitive markets.
The main competitors of Pakistan; China, India and Bangladesh are catering a large portion of international market using the economies of scale to their advantage. Due to the change in the cost structure of Pakistan's textile industry, Pakistan is not able to compete with these countries.
The lack of technological development, that affects the productivity and profitability has lagged far behind in Pakistan's case as neither the government nor the textile industry has taken any steps towards improving upon technology that in turn would help match the demand of textile products with the emerging needs of the world market. Technology obsolescence has resulted in the need for significant technology investments to achieve world class quality.
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