PAKISTAN TEXTILE MILLS ASSOCIATION - MINUTES OF (EMERGENT) EXTRAORDINARY GENERAL MEETING OF APTMA HELD ON FRIDAY, 18-MARCH -2011 AT 11:30 AM

PAKISTAN TEXTILE MILLS ASSOCIATION

PRINCIPAL OFFICE

APTMA House, 44-A, Lalazar, Moulvi Tamizuddin Khan Road, Karachi

Phone: +92-21-111-700-000, Fax: +92-21-35611305

Email: aptma@cyber.net.pk, Website: www.aptma.org.pk

PO/COO/08/2079 March 19, 2011

MINUTES OF (EMERGENT) EXTRAORDINARY GENERAL MEETING OF APTMA HELD ON FRIDAY, 18-MARCH -2011 AT 11:30 AM AT APTMA OFFICES IN KARACHI, LAHORE,

PESHAWAR & FAISALABAD (OVER VCS)

Participants:

Mr. Gohar Ejaz In Chair (Regional Office, Lahore)

(List of participants attached)

The meeting commenced with recitation of verses from Holy Quran. Chairman APTMA welcomed the participants and moved to the agenda item.

ITEM NO. 1: TO DISCUSS WITHDRAWAL OF ZERO RATING OF SALES TAX ON TEXTILE VIDE SRO 231(I)/2011 DATED 15^TH MARCH 2011

Chairman informed the house that he received a number of calls from Member Mills showing distress and discomfort in connection with withdrawal of Sales Tax from the Textile Sector. He briefed the house about the efforts made by the management of APTMA from June 2010 onwards to convince the government not to withdraw zero rating facility from textile sector in the best interest of the industry as well as the economy. He said that the government was inclined to levy Sales Tax in VAT (Value Added Tax) mode in the Federal Budget 2010-11, but due to the resistance of the political parties as well as business community deferred the same till December 2010. The proposed Sales Tax in VAT mode was drafted in such a manner that in case of import/purchase of raw material or intermediatory goods for further processing, sales tax was payable in advance or adjusted the same against their domestic sales during the year and in case of direct export party would file the claim for refund of their sales tax amount.

When we worked on this proposal we came to know that from the beginning of the textile chain till the final stage i.e. export or sales in the domestic market an amount of Rs. 517 billion would stuck up for atleast a year which will create a liquidity problem to the whole chain, he added. He further said that mills would charge sales tax on its local sales from the buyers and only exporter could claim refund of the input in the return filed for the respective month. According to this principle, an amount of Rs. 390 billion would be refunded in the form of adjustment whereas only Rs. 127 billion would be refunded to the exporters by the government during one year time. Resultantly this system could have created liquidity problem particularly to the spinning, weaving and garment industry buying their raw material directly.

Chairman said that when we raised this issue with the authorities/ FBR, they said that Sales Tax in VAT mode has been enforced in most part of the world but the business community of Pakistan is not interested to pay tax that is why Tax to GDP Ratio of Pakistan (10%) is much lesser than Bangladesh which is almost 14%.

Chairman further informed that due to the resentment by the authorities we changed our strategy and met the Finance Minister and gave him a presentation and categorically said that our industry is not capable to pay Rs. 517 billion in the form of sales tax and will not accept sales tax in VAT mode for Textile Sector of Pakistan. We advocated our point of view in the meeting of all Chambers of Commerce and Trade Associations of Punjab chaired by the Chief Minister, Mr. Shahbaz Sharif and mentioned that we can not pay 517 billion rupees to the government in terms of sales tax. Ultimately the imposition of VAT was deferred by the Government for indefinite period.

When this issue was again raised by the Government we met the Incharge of IMF Mission in Pakistan in the second week of October 2010 on the advise of the government and apprised them of the sentiments of the industry by giving factual position that almost 85% of the basic raw material of textile i.e. cotton is exported in one way or the other, therefore VAT would not be successful and applicable in Pakistan. We were surprised to know that they were under the impression that the whole textile chain is working under one roof. We briefed them about the textile chain of Pakistan and the system working here. However, on the advise of the Incharge of IMF Mission we also met the Consultant of World Bank in Pakistan providing consultancy to the government of Pakistan on RGST and also showed our reservations on the proposed VAT/RGST articulating that such sales tax system for the textile sector of Pakistan is not suitable.

Chairman APTMA further said that during the first meeting with the President of Pakistan he apprised him of the problem of raw material (cotton) being faced by the textile sector of Pakistan due to inconsistent economic policies and imposition of quota and later on levy of 15% Regulatory Duty on export of yarn last year, therefore spinning mills could not procure their raw material beyond January 2011. He further informed that he brought to the kind notice of the President of Pakistan that if the government imposes sales tax on textile sector which is the largest export oriented sector of Pakistan it would not only hurt the export of textile sector but also cripple the economy.

He said that this issue was again deferred by the Government till January 2011 and tabled the same again with the change of name as RGST (Reformed General Sales Tax). The management of APTMA (Office Bearers) once again approached the relevant quarters and the Standing Committee of National Assembly on Finance and held about 12 meetings with them on this issue. He further said that we informed the Committee that textile sector is not ready to accept the Sales Tax @ 17% as the price of raw material (cotton) has already been doubled and it would not be possible for the general public to adjust with the increase in prices of their consumables (clothes) around 20%. During our last meeting with them wherein Dr. Abdul Hafeez Sheikh, Ms. Hina Rabbani Khar, Chairman – FBR and other officials of FBR were also present and we told them that if this tax is levied on textile sector a sum of Rs. 517 billion would be stuck up in the system, however, Chairman – FBR did not agree to our explanation. Value Added sector also showed their disagreement on the proposal of the government because as of today textile products available in the market through smuggling are more expensive than the goods produced locally except textile goods of PV materials and if this tax is levied a parallel economy would flourish.

Chairman APTMA further said that in their last meeting with the Standing Committee of National Assembly on Finance, APTMA had proposed that if the government is compelled to levy this tax then it should be levied at the final stage (i.e. at the retail stage). In response to our suggestion government offered discounting facility against refund amount which was refused on the ground that we will have to pay about 70 billion rupees in terms of interest against our money.

Commenting on the new SRO (SRO 231(I)/2011 dated 15^th March 2011) Chairman APTMA informed the meeting that the Finance Minister had assured him that the new SRO would be drafted in the light of suggestions and recommendations of APTMA but that was in accordance to his commitments. Chairman said that he immediately took up this issue with the Minister for Finance and Chairman FBR and urged them to remove the anomaly by amending the SRO as follows:

“if these goods after import or domestic production, supplied to persons registered as manufacturers, manufacturer-cum-exporters or as exporters for use or utilization in goods meant for export at final stage”

Chairman APTMA further said that we are further proposing the government to defer this scheme till 1^st April 2011 so that the anomalies and lacunas in the SRO be removed in the best interest of the industry.

He informed the meeting that Chairman – FBR is visiting APTMA Lahore on Monday, 21^st March 2011 wherein besides other matters, issue of inclusion of trader in the said amendment will be taken up to bring them in the tax net. He further said that the amendment also gives an impression that transaction where goods are supplied to a person registered as manufacturer, manufacturer-cum-exporter or exporter who is not actually exporting the goods but is supplying goods to persons who will eventually export will also be subject to sales tax at the rate of zero percent. He apprehended that the auditors of Inland Revenue may not agree with this interpretation and take a narrow view and allow zero rating only in the cases where the goods are supplied to a manufacturer, manufacturer-cum-exporter or exporter who will actually export them, Chairman added.

Furthermore, there is no guarantee that the goods purchased by the manufacturer, manufacturer-cum-exporter or exporter at the rate of zero percent will be eventually exported. The department may, therefore, initiate recovery proceedings and put the responsibility on the suppliers to pay sales tax.

Mr. Tariq Saud suggested that deferment of SRO till 1^st April is very important which will provide cushion to address the anomalies in SRO.

Mr. M. Junaid Nawab viewed that according to amended SRO entire textile chain has been subjected to sales tax. He informed that the Collector of Customs has confirmed him that tax exemption has been restricted to direct exporters whereas intention is that indirect exporters may also be exempted from payment of sales tax. He further said that we should be realistic and judge whether this tax is doable in the system according to govt.’s point of view and suggested that APTMA should not totally reject it like other associations. It is a hard fact that the tax rate is very high for an organized sector which will encourage smuggling / undocumented Afghan trade etc. As far as implementation of tax is concerned, he suggested that we should show concern on high tax rate i.e. 19.5% which should be lowered to 3-5 percent for local consumption.

Mr. Anwar Ahmed Tata viewed that since the govt. has promulgated the Ordinance and we as the members of a responsible association should not show undue resistance. In case of ambiguities if any we may suggest reasonable amendments within the ambit of the Ordinance. He pointed out that the most vulnerable anomaly in SRO is non- inclusion of manufacturer. It is possible for the genuine exporters to be averted from the system of rebate/drawback/refund if few amendments are accepted by the govt. Therefore, we should talk about amendments and take them forward without any agitation. He further said that SRO was issued in the evening of 15^th March 2011 therefore, all transactions held on this date should be made tax free as per past practice.

Mr. Omer Nazar Shah expressed that situation in Faisalabad Yarn market is quite worse which caters need of domestic consumers indirectly. This SRO has created problem for the industry as the yarn manufacturers whose supplies meant for local processing industry, which is undocumented, can not claim refunds of sales tax resultantly their equities will be wiped out and mills will shut down within 3 to 6 months. Secondly, Fiber manufacturers have already started selling materials with a margin of 20% tax which has further increased the cost of business. These factors have pushed the local industry in such a situation where there is no other way out but to close the industry. He emphasized for collection of tax at the stage of manufacturing of grey fabrics.

Another worthy member from Faisalabad suggested that inclusion of manufacturers and traders in the tax net would be beneficial to all the stakeholders specially the exporting units. However, manufacturers of 52 or 60 single count and PV/PC/Staple yarn who feed the local market would be in serious trouble because the impact of the tax would be borne by them and they would face liquidity problem.

Another worthy member said that through this SRO the spinning industry has been made the tax collecting agency. He apprehended that if an exporter who disappears after getting sales invoice meant for exports because in the past exporters have created lot of issues / frauds and disappeared, therefore it would be very difficult for the spinning industry to take the responsibility of tax collection.

Mr. Ahsan Bashir informed that APTMA has already suggested amendment in SRO with regard to supply of polyester and raw material; therefore it is not relevant to discuss further as the matter is under consideration of the authorities.

Mr. Mohsin Aziz viewed that this SRO is the death warrant especially for the manufacturers of PV/PC and other low quality yarn whose supply meant for local consumption and resultantly the yarn industry would become an unorganized sector. He informed that he had been the part of APTMA delegation met with govt. officials and foreign missions, our reservation on the tax issues were clear that it would give rise to circular debt. The spinning / yarn manufacturing industry is an inter-mediatory process, therefore it should not be considered as taxable point / stage whether it is for export or local sales.

He further said that the small manufacturing units which are not yet registered would create problems for the textile industry and current tax rate would not be absorbable by the local industry.

Mr. M. Faisal Pervaiz informed that consignments of APTMA members including Polyester/Yarn/Cotton have been stopped at ports and urged that APTMA should make some serious efforts for its release on immediate basis.

Mr. Afan Aziz said that local market is driven by an unorganized way of export which is very serious and alarming situation for an efficient spinning industry. Further, export of PV / PC and viscose to Middle East and Afghanistan by unorganized way is the problem for our industry which can not be controlled. Secondly, there are positive indications of opening of Wagah boarder which would further boost exports to Afghan markets through transit trade, he added.

Mr. Aamir Sheikh asked for the clarification with regard to refund policy against supplies of polyester from PSF manufacturers who are also registered as manufacturer-cum-exporters.

Chairman said that the government has imposed sales tax on all items and wants implementation; if the members have reservations on it APTMA can propose amendments including no tax / no refund by zero rated sectors.

Mr. Danish K. Monnoo said that the rate of tax i.e. 20% is very high which should be reduced to 5% for the zero rated industry, regardless of registration of traders / manufacturers the risk factor of frauds / flying invoices at higher rate of 20% would shoot up abruptly.

Another worthy member said that with the passage of time procedural difficulties of SRO can be resolved; however the practical difficulties as identified by the members would remain intact. This high rate of tax @ 20% on zero rated sectors would open avenues of corruption. In such scenario it would be difficult for APTMA member mills to operate and they would be forced to change product line or shutdown the operations. He requested for an early settlement of the issues.

Mr. Ahsan Bashir said that APTMA had already suggested the govt. that tax be collected at final stage. He suggested that in case of dialogue with the govt. we should reiterate that tax be collected at final stage.

Mr. Shahzad Ali Khan said that during the last two days he has been receiving lot of calls from members and they are unaware of the facts that what APTMA is doing in this matter. He informed that due to association’s efforts Chairman FBR will be visiting APTMA on 21^st March 2011 at 1:00 pm to hear the grievances of APTMA members. He requested members to attend this meeting and workable suggestions be discussed with FBR Chief for resolution.

He proposed formation of two separate Committees, one for exporting members who are exporting products directly or indirectly and another Committee for those members dealing in local sales. These Committees should consult / hold meetings and then come up with comprehensive proposals for presentation to the Chairman FBR.

The meeting concluded with the vote of thanks to the chair.

CONFIRMED

CHAIRMAN

____________________________________________________________________ ALL MEMBERS OF APTMA

The above draft minutes have been approved by the Chairman and will be taken up for confirmation in the next meeting.

Muhammad Azam

Chief Operating Officer

LIST OF PARTICIPANTS

(EMERGENT) EXTRAORDINARY GENERAL MEETING OF APTMA

HELD ON FRIDAY, 18-MAY-2011 AT APTMA OFFICES ON VCS

SR#	PARTICIPANT	MEMBER MILLS	STATION
1.	Mr. Imran Aleem	AA Cotton Mills Ltd	Lahore
2.	Mr. M. Israr	Abu Bakar Textile Mills Ltd	Lahore
3.	Mr. Mushtaq Ahmed	Akram Cotton Mills Ltd	Lahore
4.	Mr. Arshad Mehmood	Al-Nasr Textiles	Lahore
5.	Sheikh Muhammad Akbar	Amjad Textile Mills Ltd	Lahore
6.	Mr. Jamal Tahir	Aruj Textile Mills Ltd	Lahore
7.	Syed Ali Ahsan	Ashiana Cotton Products Ltd	Lahore
8.	Mian Muhammad Nasir	Ayesha Spinning Mills Ltd	Lahore
9.	Mr. Jahangir Salim	Basfa Textile (Pvt) Ltd	Lahore
10.	Mr. Khurram Salim	Bhanero Textile Mills Ltd	Lahore
11.	Mr. Mohammad Akram Awan	Blessed Textiles Ltd	Lahore
12.	Khawaja Aman	Chakwal Spinning Mills Ltd	Lahore
13.	Khawaja Aman	Chakwal Textile Mills Ltd	Lahore
14.	Mr. M. Asif Qureshi	Chaudhry Sugar Mills Ltd (TD)	Lahore
15.	Mr. Saqib Ellahi	Chiniot Textile Mills Ltd	Lahore
16.	Mr. M. I. Khurram	Comfort Knitwears (Pvt) Ltd	Lahore
17.	Mr. Mohammad Amjad Iqbal	Dawood Spinning Mills Ltd	Lahore
18.	Mr. Amer Abdullah	Diamond Fabrics Ltd	Lahore
19.	Mr. S. M. Tanveer	Din Textile Mills Ltd	Lahore
20.	Mr. Anjum Zafar	Eastern Spinning Mills Ltd	Lahore
21.	Mr. Gohar Ejaz	Ejaz Spinning Mills Ltd	Lahore
22.	Mr. Gohar Ejaz	Ejaz Textile Mills Ltd	Lahore
23.	Mr. Usman Haq	ICC Textiles Ltd	Lahore
24.	Mr. Haroon Waheed	Ihsan Cotton Products (Pvt) Ltd	Lahore
25.	Mr. Nadeem Ihsan	Ihsan Raiwind Mills (Pvt) Ltd	Lahore
26.	Mr. Danish K. Monnoo	Jamhoor Textile Mills Ltd	Lahore
27.	Mr. Shargeel Khalid	Khalid Shafiq Spinning Mills Ltd	Lahore
28.	Kh. Muhammad Tanveer	Khawaja Spinning Mills Ltd	Lahore
29.	Mr. Aamir Fayyaz	Kohinoor Mills Ltd	Lahore
30.	Mr. Hamza Yousaf	Kohinoor Spinning Mills Ltd	Lahore
31.	Shaikh Muhammad Amjad	Kunjah Textile Mills Ltd	Lahore
32.	Mr. Danish K. Monnoo	Lahore Textile & Gen. Mills Ltd	Lahore
33.	Mr. Salman Majeed	Majeed Fabrics	Lahore
34.	Mr. Danish K. Monnoo	Margalla Textile Mills Ltd	Lahore
35.	Mr. Jawed Iqbal	Mayfair Ltd	Lahore
36.	Mr. Haroon Majeed	Mian Textile Industries Ltd	Lahore
37.	Mr. Khalid Mehmood Akhtar	Monnoo Industries Ltd	Lahore
38.	Mr. Danish K. Monnoo	Monnoowal Textile Mills Ltd	Lahore
39.	Mr. Aamir Shahbaz	Nishat (Chunian) Ltd	Lahore
40.	Mr. Ali Pervaiz	Nishat Mills Ltd	Lahore
41.	Mr. Aamir Sheikh	North Star Textiles Ltd	Lahore
42.	Mr. Arshad Mehmood	Pak Kuwait Textiles Ltd	Lahore
43.	Mr. Sheraz Monnoo	Qureshi Textile Mills Ltd	Lahore
44.	Mr. Jamal Tahir	Rai Textile Mills Ltd	Lahore
45.	Mr. Usama Wattu	Ravi Spinning Ltd	Lahore
46.	Mr. Muhammad Aslam Khan	Ravi Textile Mills Ltd	Lahore
47.	Mr. Danish K. Monnoo	Rawal Textile Mills Ltd	Lahore
48.	Miss. Kiran A. Chaudhry	Resham Textile Industries Ltd	Lahore
49.	Mian Noman Almas Sheikh	Salman Noman Enterprises Ltd	Lahore
50.	Mr. M. Azhar Iqbal	Salman Noman Enterprises Ltd	Lahore
51.	Mr. Nabeel Abdullah	Sapphire Textile Mills Ltd	Lahore
52.	Mr. M. Arshad Humayun	Sarfraz Yaqub Tex Mills (Pvt) Ltd	Lahore
53.	Mr. Shahid Mazhar	Shadman Cotton Mills Ltd	Lahore
54.	Mr. Zahid Khawaja	Shafi Spinning Mills Ltd	Lahore
55.	Mr. Umair Haleem	Shafi Texcel Ltd	Lahore
56.	Mr. Imran Aslam	Shahzad Textile Mills Ltd	Lahore
57.	Mr. Ahsan Bashir	Shams Textile Mills Ltd	Lahore
58.	Mr. Muhammad Asif	Sheikhupura Textile Mills Ltd	Lahore
59.	Mr. Akhtar Ali Choudhry	Siara Textile Mills (Pvt) Ltd	Lahore
60.	Mr. Shahzad Ali Khan	Standard Spinning Mills (Pvt) Ltd	Lahore
61.	Mr. Akhtar Latif	Superior Textile Mills Ltd	Lahore
62.	Mr. Danish K. Monnoo	Tribal Textile Mills Ltd	Lahore
63.	Mr. Wisal A. Monnoo	Wisal Kamal Fabrics (Pvt) Ltd	Lahore
64.	Mr. Abdul Rahman Chawla	Adnan Textile Mills Ltd	Karachi
65.	Mr. M. Jamal	Al-Karam Textile Mills (Pvt) Ltd	Karachi
66.	Mr. Mohammad Nadeem	Al-Muqeet Textiles (Pvt) Ltd	Karachi
67.	Mr. Tariq Saud	Anwar Textile Mills Ltd	Karachi
68.	Mr. Imran Maqbool	Crescent Fibres Ltd	Karachi
69.	Mr. Akhtar Kamdar	Fazal Textile Mills Ltd	Karachi
70.	Mr. Shabbir Hussain	Gadoon Textile Mills Ltd	Karachi
71.	Mr. Arif Habib	Globe Textile Mills (OE) Ltd	Karachi
72.	Mr. Jethanand Kohistani	Good Luck Textile Mills (Pvt) Ltd	Karachi
73.	Mr. Naeem Suleman	Gul Ahmed Textile Mills Ltd	Karachi
74.	Mr. Ayaz Ali	Gulistan Fibers ltd	Karachi
75.	Mr. Ayaz Ali	Gulistan Spinning Mills Ltd	Karachi
76.	Mr. Ayaz Ali	Gulistan Textile Mills Ltd	Karachi
77.	Mr. Ayaz Ali	Gulshan Spinning Mills Ltd	Karachi
78.	Mr. Ayaz Ali	Gulshan Weaving Mills ltd	Karachi
79.	Syed M. Rezvi	HANTEX	Karachi
80.	Mr. Mansoor Allawala	Idrees Textile Mills Ltd	Karachi
81.	Mr. Shahzad Ahmed	Indus Dyeing & Mfg. Co Ltd	Karachi
82.	Mr. Adeel Tata	Island Textile Mills Ltd	Karachi
83.	Mr. Shams Rafi	Jubilee Spg. & Wvg. Mills Ltd	Karachi
84.	Mr. Amanullah Kassim	Kassim Textiles (Pvt) Ltd	Karachi
85.	Mr. Junaid Haji Latif	Latif Cotton Mills Ltd	Karachi
86.	Mr. Junaid Haji Latif	Latif Fibres Mills (Pvt) Ltd	Karachi
87.	Mr. Junaid Haji Latif	Latif Textile Mills (Pvt) Ltd	Karachi
88.	Mr. Iftikhar Ahmed	Lucky Cotton Mills (Pvt) Ltd	Karachi
89.	Mr. Khurram Inam	N.P. Cotton Mills (Pvt) Ltd	Karachi
90.	Mr. Khalid Inam	N.P. Spinning Mills Ltd	Karachi
91.	Mr. Zahid Mazhar	Nadeem Textile Mills Ltd	Karachi
92.	Mr. Munawer Iqbal	Nagina Cotton Mills Ltd	Karachi
93.	Mr. Saqib Ahmed	Naveena Industries Ltd	Karachi
94.	Mr. M. Waqar Monnoo	Olympia Spg. & Wvg. Mills Ltd	Karachi
95.	Mr. Ayaz Ali	Paramount Spinning Mills Ltd	Karachi
96.	Mr. Anwar Ahmed Tata	Salfi Textile Mills Ltd	Karachi
97.	Mr. M. Junaid Nawab	Sana Industries Ltd	Karachi
98.	Mr. M. Younus Nawab	Sanaulla Woollen Industries	Karachi
99.	Mr. Abdul Sattar	Sapphire Textile Mills Ltd	Karachi
100.	Mr. Saleem Shakoor	Standard Textile Mills Ltd	Karachi
101.	Mr. Nadeem Maqbool	Suraj Cotton Mills Ltd	Karachi
102.	Mr. Anwar Ahmed Tata	Tata Textile Mills Ltd	Karachi
103.	Mr. M. Faisal Pervaiz	Umar Spinning Mills Limited	Karachi
104.	Mr. Pehlaj Rai	United Spinning Mills (Pvt) Ltd	Karachi
105.	Mr. M. Jamil Qasim	Zaman Textile Mills Ltd	Karachi
106.	Mr. Mohsin Aziz	A. J. Textile Mills Ltd	Peshawar
107.	Mr. Afan Aziz	A. J. Textile Mills Ltd	Peshawar
108.	Mr. Asadullah Fatimi	Royal Textile Mills Ltd	Peshawar
109.	Mr. Mohammad Kamran Shah	Sarhad Textile Mills Ltd	Peshawar
110.	Mr. Muhammad Abdullah	Abdullah Fibres (Pvt) Ltd	Faisalabad
111.	Mr. Zaeem Ahmed	Al-Zamin Textile Mills Ltd	Faisalabad
112.	Mr. Naveed Aman	Amtex Ltd	Faisalabad
113.	Mr. Zeeshan Zahid	Asim Textile Mills Ltd	Faisalabad
114.	Mr. Naveed Gulzar	Crescent Sugar Mills & Distl. Ltd	Faisalabad
115.	Mr. Haseeb Iqbal	Habib Haseeb Spinning Mills Ltd	Faisalabad
116.	Mr. Omer Nazar Shah	Hassan Ltd	Faisalabad
117.	Kh. Masud Ahmad	Imperial Textile Mills Ltd	Faisalabad
118.	Mr. Imran Zahid	J.A. Textile Mills Ltd	Faisalabad
119.	Mr. Faiq Jawed	J.K. Fibre Mills Ltd	Faisalabad
120.	Mr. Shaiq Jawed	J.K. Spinning Mills Ltd	Faisalabad
121.	Kh. Asem Khurshid	Khurshid Spinning Mills Ltd	Faisalabad
122.	Mr. M. Siddique	Rafiq Spinning Mills Ltd	Faisalabad
123.	Mr. Imran Rashad	Sarftraz Textile Mills Ltd	Faisalabad
124.	Sh. M. Boota	Sitara Chemical Ind Ltd	Faisalabad
125.	Mian Javed Iqbal	Sitara Fabrics Ltd	Faisalabad
126.	Mr. Imran Ghafoor	Sitara Spinning Mills Ltd	Faisalabad
127.	Mr. Naveed Ahmed	Taymur Spinning Mills Ltd	Faisalabad
128.	Mr. Ashfaq Ahmed	Tayyab Textile Mills Ltd	Faisalabad
129.	Mr. Zahid Sharif	Zahidjee Textile Mills Ltd	Faisalabad

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