The Pakistan Association of Auto Parts and Accessories Manufacturers (PAAPAM) has elected Munir K. Bana and Usman Malik as chairman as well as the vice chairman, respectively, unopposed for the year 2022-23.
The other newly-elected members of the managing committee for the year 202-23 included Muhammad Nasim, Saad Mehmood Sherani, Mumshad Ali, Zain Ul Abdin Shariq, Tariq Nazeer, and Syed Asad Ali Naqvi.
While addressing the PAAPAM annual dinner grand ceremony, which was attended by a large number of auto parts manufacturers from across the country, the PAAPAM newly-elected chairman thanked the members for reposing confidence on him to lead the auto parts vendors association for the second time, as he was also elected central chairman in 2012-13.
Munir Bana said that he would strive to emulate the integrity, vision, and leadership of the past leadership, as the PAAPAM served more than 350 members and affiliated its member enterprises through active business network services to promote economic vitality by helping to create a vibrant climate to support business growth. He appreciated the efforts of his predecessors and expressed to continue the policies to further the auto parts industry.
The newly-elected vice chairman Usman Malik, on this occasion, vowed to promote the Association to new heights, paying tribute to the outgoing chairman Abdur Razzaq Gauhar and vice chairman Abdul Rehman Aizaz and said that the outgoing body in the lead of its chairman and vice chairman had been actively promoting the interests of the auto parts industry throughout 2021-22.
Usman Malik said that the high cost of doing business, issues of market access, and exchange rate are hindering Pakistan’s industrial growth, and the government would have to work on it in consultation with the stakeholders to resolve the problems.
PAAPAM Chairman Munir Bana added that the industry is facing challenges due to frequent and skyrocketing increases of all inputs, devaluation of the rupee, shrinking profits, and limited cash flow of vendors owing to higher demand at lower profitability.
He also urged the government to remove podiums on the way of importing raw materials and parts necessary for the processing industries. He was highly concerned about not materializing the import quota policy by the State Bank, the delay nearing the industry’s respite.
The Association is engaging with the OEMs as well as the government on related issues for early resolution of the matters, he said and added that continuing the legacy of his predecessors through an evolved image of Association from a trade body to a business support organization he would closely work with all the stakeholders towards the betterment of the Auto Parts Sector, with the support of highly vibrant MC for another major area of the export sector.
The outgoing chairman Abdur Razzaq Gauhar and vice chairman Abdul Rehman Aizaz highlighted the achievements made during 2021-22 and expressed the hope that the new team would continue the excellent work in the best interest of the entire auto parts sector.
Speaking on occasion, FPCCI former president and BMP Chairman Mian Anjum Nisar emphasized the need for using the country’s natural resources judicially. He regretted that a nation struggling for one billion dollars was generously wasting about $40 billion in water per annum without producing any wrinkle on the forehead. He termed polarization and provincial biases the real enemies that grounded us economically and ethically.