KARACHI: Pakistan Carpet Manufacturers and Exporters Association (PCMEA) congratulated entire nation on being excluded from Financial Action Task Force (FATF) grey list and said that decision will help in boosting Pakistani economy by opening doors of direct foreign investment in country.

Senior Vice Chairman Usman Ashraf of PCMEA addressing meeting of association said that the success has been achieved, getting out of FATF’s gray list will make it easier for Pakistan to get foreign funding.

PCMEA meeting was informed that letters will be forwarded to participants and purchasers of Lahore international carpet exhibition for future cooperation in field of Pakistani exports in international markets. To increase Pakistani carpet and marketing in international market, efforts will be made to participate in all exhibitions abroad. He said that a future line of action will also be adopted in this regard. Chairperson Carpet Training Institute Parvez Hanif, senior central leader of Association Abdul Latif Malik, Riaz Ahmed, Saeed Khan, Ejaz ur Rehman, Shahid Hassan, Akbar Malik attended meeting.

Usman Ashraf said that handmade carpet industry is facing a large number of hardships and troubles on part of State Bank of Pakistan and other government departments. PCMA leader demanded of government to help in removing hurdles and solve problems being faced by industry so that Pakistani exports could be flourished in international market.  

He said that exhibitors showed keen interest in extremely high quality and beautifully designed carpet products displayed in various stalls. Pakistan’s hand-made carpets have unique recognition all over world due to their quality and beautiful designs.

Published in The Daily National Courier, October, 24 2022

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