It gives me great pleasure to address the honourable members of PALMA, who responded to the call of forming as separate Trade Association to protect, promote and enhance further the interests of this not very large but an important sector of economy.

The use and application of artificial & synthetic leather is on ever increasing in view of its economy, durability and variety. The manufacturers of this sector of economy are facing duel challenge of domestic taxation and free imports of this commodity from worldwide sectors. The raw-materials of this commodity are also imported & these materials are subject to number of duties and taxes at import stage, coupled with the local cost of energy and the other factors of production. Therefore, the formation of this association under the visionary leadership of Mian Anjum Nisar was found necessary the leading players of this sector got and formed PALMA. Now it is a reality and it has a working secretariat, which is working ahead.

We hope to strengthen our selves by collaborating on the challenges of taxation, regulation and marketing of our products to gain a competitive edge. We are focusing a real and uphill challenge from the importers of this commodity through unfair practices. If we stood together and faced the challenges with resolutions insha’Allah, success will be our fate. I once again would thank and request to our members to contribute to support the Association Management.

With Best Wishes

Zulfiqar Monnoo