is the Chairman of All Pakistan Textile Mills Association (APTMA) for
Sindh and Balochistan region. He is also the Vice-Chairman of APTMA on
Pakistan basis. Junaid is a senior industrialist and is the director
Sanaulla Group of Companies. It is one of the oldest groups of trade and
industry doing well especially in value added from cotton to yarn and
quality products. Among the prominent units of the group include
Sanaulla Woolen Mills, Sana Industries, Taqees (Pvt.) Ltd, Sanaulla
Woolen Industries, Sanaulla Textile Mills, Sana Tex Industries, Sanaulla
Corporation, Naqi Poultry Farm, Quick Food, VIP Garments and Bismillah
Taqee Foundation which runs Bismillah Taqee Hospital on humanity grounds
on non-profit basis. This group comprises of one public limited and six
private limited companies with the annual turnover of over Rupees one
billion employing over 1000 persons.
PAGE: Since your active involvement in various
segments of the textile sector what are your estimates about the role of
the textile sector in growth of the national economy.
Despite worldwide economic recession, the nature is so kind to the
people of Pakistan that all economic fundamentals are strongly
developing and reassuring a positive economic growth in all directions
in future. As far as the performance of the textile sector was concern,
it is in the process of posting a remarkable performance during the
current financial year by registering a 16.7 per cent growth compared to
the same period last year. This increase is due to rise in unit values
as well as higher quantum of exports. Also, the growth in the high value
added textile exports surpassed that for low value added textiles. The
current financial year is experiencing an increase in unit value of most
textile categories, if this trend continues, the textile exports will
gain through the rest of the year.
However, highly sensitive political and economic
situation around the world calls for extra care while dealing with
external trade. Any move or decision which may annoy our trade partners
especially the European Union, which has provided all out support to
Pakistan's exports deserves, reciprocate response. Although Junaid did
not own this idea, however, some concerns are prevailing in the export
oriented manufacturing sector in particular over the decision to shift
the aviation purchases from Airbus to Boeing for PIA, which might annoy
As generally said that Pakistan being the front line ally of the
international forces fighting against terrorism, the behaviour of the
developed world has become friendly and many incentives have been given
to Pakistan as compensation to offset the adverse impact on its economy.
What incentives the United States has given to Pakistan especially to
the textile industry.
As far as the textile sector was concerned, the textile exports are
still waiting for a favourable package from the United States. Unlike
the EU, which has given outstanding support to textile exports from
Pakistan, the United States has not given any noticeable support to the
textile industry. Although the US is coming out of the textile business
and may provide export opportunities in future. However, at present the
US textile industry is also passing through the depressed economic
conditions they are not willing to offer enhanced accessibility to
Pakistan's textile products.
what steps you would suggest for improving the export surplus situation
in Pakistan and overall growth of the manufacturing sector.
As a result of untiring efforts both on the part of the private sector
as well as the government over the years, the basic fundamentals of the
economy are on the way of gaining strength. The manufacturing sector is
concentrating on value-added quality products. However, the onslaught of
the smuggled goods flooded in the local market is impairing the efforts
of the local industry. There is a need for immediate remedial measures
to protect the home industry being infected with the smuggled goods. The
situation calls for steps to plug the loopholes from where the smuggled
goods are sneaking into the country. He said although the taxation side
of the country is also on the higher side yet the real cause of concern
is the unchecked and unabated smuggled goods impeding the growth of the
manufacturing sector in Pakistan.
Since the newly elected government has taken over the charge do you
think any modification is required in the economic policies of the
previous set up especially the trade policy.
Consistency in the policies is of vital importance for building the
confidence of the private sector especially on the investment side. As
far as the current trade policy was concern broadly speaking it is
reasonable and requires no major changes, however, if there were some
corners in the policy, there is no harm in making amendments after
consultation with the trade and industry. However, no major changes are
needed in the policy.