AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

FAISALABAD: Pakistan Textile Exporters Association (PTEA) has elected unopposed Muhammad Ahmad as the Chairman; whereas Iftikhar Ahmad Malik and Saqib Majeed were elected unopposed as Senior Vice Chairman and Vice Chairman respectively. Earlier, twelve members were elected unopposed for the Executive Committee seats for the next two year term.

Member PTEA election commission Muhammad Naeem, declaring unofficial results, said here on Thursday that only three nomination papers, one against each office were received. After scrutiny, these papers were found correct and hence, all these three office-bearers have been declared elected unopposed. However, the official announcement of results will be made on 26th September 2020 during the Annual General Meeting of the Association.

New PTEA Chief Muhammad Ahmad hails from a famous, prominent and successful business family. He is an active member of renowned business network known as M/s A.B Exports. He has earned a good name and fame in exports, business and industry. He holds rich practical experience as Professional Management Executive. He is serving on boards of many charitable, health and educational institutions contributing to society.

Newly elected Senior Vice Chairman Iftikhar Ahmad Malik belongs to a business family of Karachi; whereas Vice Chairman Saqib Majeed is a well known personality engaged in textile export business for years. He is currently holding the office of Senior Vice President of the Faisalabad Chamber of Commerce & Industry.

New PTEA Chief Muhammad Ahmad, speaking after his election, said that chairing country's premier textile Association is an honour as well as a challenge, particularly in this testing time of Covid-19. Effects of cancelled and delayed payments have been devastating; whereas continuous lockdowns have caused a negative demand shock which have substantially impacted our export orders. Textile sector will have to deliver to steer the country out of economic troubles. For this, we need the cooperation of not only the entire sector but also of value-added Associations, he added.

Meanwhile, Chairman PTEA Sohail Pasha congratulated the new office-bearers and hoped that they will strive hard to take this Association to new heights of excellence in terms of advocacy, service and performance. He expressed the hope that new PTEA team will make its utmost efforts to meet the upcoming challenges and would strive for an enabling environment to restore viability and growth of the textile industry and turn Pakistan into a destination for outsourcing of textile business.-PR

Copyright Business Recorder, 2020

Comments

Comments are closed.