PYMAPakistan Yarn Merchants' Association
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He said that for the seat of Zonal Vice Chairman of PYMA, Umar Shah Parvaiz and Shahid Akram Guccha submitted their nomination papers.
Malik, President of FPCCI, informed the PYMA delegation that he would also like to invite the manufacturers in order to listen to their point of view as well and thereafter approach the Ministry of Finance and FBR to reconcile the matter keeping in view the grievances of both the parties.
It is a 180 degree turn by the government, which APTMA, PYMA and PCGA could not ever think", Ahmad lamented.
The PYMA leaders said that regular and steadier reduction in mark-up rate over the period is shedding positive effects on industry business and trade as the national economy is gradually pulling out of the stagnancy and is on the recovery path.
The APTMA and PYMA are hoping that the next meeting with federal textile minister and apparel sector following their Friday's meeting will cast positive results on all segments of textile sector, earning 62 percent of the total export proceeding of the country.
Talking to media here on Saturday, PYMA Zonel chairman Akram Pasha and Zonal vice chairman Adnan Zahid said that Indian government was giving various incentives and subsidies to its exporters, enabling them to dump their cotton yarn in Pakistani markets.
Spinning units and exporters of yarn will become importers in Bangladesh and enjoy full benefits of tax free zone besides getting benefits of quota free exports to USA and EU", a member of PYMA, Shakeel Ahmad said.
Talking to the mediamen here Tuesday, PYMA Central Chairman Khalil Qaisar Shamas Guccha and Zonal Chairman Adnan Zahid Butt said the government should announce a comprehensive economic plan to boost business trade and industrial activity in the country.
PYMA delegation, led by Chairman of the Association Khursheed Ahmed Shaikh, called on KCCI President in his office here, said a KCCI release on Wednesday.
Talking to reporter here on Saturday, PYMA Central Chairman Khalil Qaisar Shamas Guccha and Zonal Chairman Adnan Zahid Butt said reduction in prices by the government was a timely step and measure in a right direction.
This will affect the major fibre of the textile sector as a large number of export commitments are in the pipeline, spokesmen of APTMA and PYMA said.
In a joint statement issued here on Monday, Central Chairman PYMA Khalil Qaisar Shamas, Zonal Chairman Mohammad Akram Pasha and Zonal Vice Chairman Adnan Zahid Butt pointed out that Textile Industry was the back bone of National Economy earning 60% of Foreign Exchange and providing livelihood to 38% work force of the Country while millions of peoples