In a meeting of PTEA Executive Committee held on Monday to elect PTEA office-bearers, Shaiq Jawed from J K Group of Companies was elected as Chairman while Mukhtar Ahmad Malik of Mehtabi Towels Mills Limited was elected as Senior Vice Chairman and Ammar Saeed of Ammar Impex as Vice Chairman for the term 2017-18.
Earlier candidates on 12 seats of Executive Committee were also elected unopposed.
New PTEA Chief Shaiq Jawed hails from a famous, prominent and successful business family. He is an active member of renowned Business network known as J K Group of Companies. He has earned a good name and fame in exports, business and industry. He has been leading various business forums and associations as member of core Committee of Young Entrepreneur organization of Pakistan (YEOP), Member Zonal Management Committee of All Pakistan Textile Mills Association (APTMA) Punjab, Founder Trustee, Co-chairman / Chairman of Faisalabad Development Trust.
Speaking on the occasion, Shaiq Jawed said that chairing the country's apex textile body is an honour as well as a challenge, particularly in this testing time. Presently textile industry is facing many challenges in almost all segments particularly high utilities cost, trade deficit as well as additional levies and other impediments directly affecting the cost of doing business, which has hampered exports of the country.
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.
The Annual General Meeting of PTEA will be held on September 20 and results of annual elections will be announced officially while newly elected body will took charge of their offices from October 01.
Copyright Business Recorder, 2017