The Pakistan Hosiery Manufacturers & Exporters Association (PHMA) has raised concerns over the exclusion of the knitwear sector from the newly formed Textile Export Advisory Council and urged the Ministry of Commerce to rectify the omission.
In a letter addressed to Federal Commerce Minister Gohar Ejaz, PHMA central president Nahid Abbas emphasized the importance of representing the knitwear industry, the largest export sector, on the advisory board. He highlighted the important role PHMA plays in promoting growth in various sectors of the economy, creating meaningful employment and contributing to national self-reliance.
Acknowledging efforts to set up the Export Advisory Council, Abbas emphasized the need for its composition to be value-based, ensuring the inclusion of all genuine stakeholders. He expressed confidence that the council, with proper representation, could offer valuable recommendations and measures to boost textile exports, ultimately giving a substantial boost to the country’s economy.
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PHMA North Zone President Farrukh Iqbal highlighted that despite the challenges it faces, the knitwear sector has consistently performed better than other export sectors. He urged the government to extend support to this vital sector, which has the potential to lead the country out of crises, contribute significantly to foreign exchange earnings and generate massive employment.
PHMA North Zone Senior Vice President Amanullah Khan expressed strong protests against the neglect of the knitwear sector in the council. It demanded representation for the industry, allowing it to articulate the challenges it faces and help shape progressive policies.
While acknowledging the appointment of respected figures to the board, Khan argued that the neglect of critical Small and Medium Enterprises (SMEs) in the sector was unacceptable. He called for the inclusion of the knitwear industry to ensure a comprehensive representation of all stakeholders.
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PHMA leaders highlighted the sector’s role as a major tax payer, the largest contributor of employment in the textile chain and a major contributor to foreign exchange earnings through export goods. They called on the government to discourage the export of raw materials and instead incentivize the export of value-added products.
Published in The Express Tribune, November 25u2023.
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