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Mohsin Aziz takes over as Chairman All Pakistan Textile Mills Association

Karachi: Mr. Mohsin Aziz has taken over the Charge of the Office of Chairman of All Pakistan Textile Mills Association (APTMA) for the term 2011-12 in the 53rd Annual General Meeting of the association held on 30th September 2011 simultaneously in Karachi, Lahore and Faisalabad over Video Conferencing System.

Mr. Mohsin Aziz is country’s seasoned industrialist earning highest reputation amongst the business community in Pakistan. He has attained multiple portfolios in various public as well as private organizations of Pakistan and also served this Association as Chairman APTMA for the Year 1999-2000. Currently, Mr. Mohsin Aziz is the Chief Executive of M/s A.J. Textile Mills Ltd, Peshawar and Chairman of Aziz Group of Industries comprising of a number of industrial units spread in the Province of Khyber-Pakhtunkhwa.

He was Provincial Minister for Industries, Commerce, Labour, Mineral Development, Technical Education and Manpower, Government of NWFP in 2002. He was on the Board of Directors of State Bank of Pakistan twice from December 2003 to December 2006 and December 2006 to December 2009.

Addressing the Annual General meeting he said that many issues have been tackled in the past but still energy (gas and electricity) remains to be the major problem especially in the province of Punjab.

Presently, we have no short term solution to the present gas curtailment and electricity loadshedding program but the future program has to be sorted out so that atleast uncertainties be removed because it is not possible to operate on alternate fuel, which is not only expensive but one cannot survive. Therefore, his first priority will be the energy issue to tackle it on regular basis.

He further said that the issue to cut-down the cost of doing business and most importantly the high mark-up rate needs to bring down to a single digit.

Chairman APTMA also said that it is very important for industry to grow and become competitive in the world. With such high interest rate, uncertainty in power supply and current law and order situation, the textile industry specially export oriented industry needs a special package so that precious foreign exchange is brought in.

Market access is also one of the major areas we would be looking into as without this further growth and expansion would be difficult. He said that our slogan should be trade is better than aid.

Free market mechanism policy which was tempered with around two years ago is now on the right path but still the govt. has to be reminded again and again not to distract this policy of going forward.

Although we have a good harvesting of cotton but still I feel that after the floods we will have sufficient cotton for our consumption but for better yields in cotton a dialogue should have to be continued for achieving the desired results in a scientific way.

He invited the members to come forward and contribute to chalk out recommendations to the government for arresting the economic recession and addressing the issues being faced by the textile industry.

Sheikh Muhammad Akbar and Mr. Tariq Saud also have been elected unopposed as Vice Chairmen APTMA from Punjab and Sindh-Balochistan Regions respectively

For more information, contact:
All Pakistan Textile Mills Association
APTMA House, 44-A,Lalazar,
Off: Moulvi Tamizuddin Khan Road,
Karachi -74000, Pakistan.
Phone: 0092-21-111-700-000
Fax: 0092-21-5611305
E.Mail: aptma@cyber.net.pk
Web Site: www.aptma.org.pk

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