The purpose of formation an association is specifically to look after and protect the interests of the Ring and open end yarn spinning sector of the textile industry.
The Administration and management of the affairs of the Association is vested in Office Bearers including Executive Committee and zonal Committees . Currently Mr. Adil Mehmood is acting as chairman and Mr. Tanveer Aziz Shaikh and Mr. Nasir Mushtaq Vohra are chairman of northern and southern zonal Offices respectively.
The aim of the Association, which is non-political, to unite the members in their common approach and to represents ring and open end yarn spinning sector of the textile industry and for this purpose the objects of the Association are:
(i)To encourage unity, mutual understanding and high ethical standard amongst its members.
(ii)To endeavor to improve and facilitate the working conditions, effective input for achievement of objects for which the Association have been established.
(iii)To take such steps as the Association considers desirable towards the promotion of ring and open end yarn spinning sector of the textile industry in Pakistan or outside Pakistan.
(iv)To place before Government and other public and official bodies the views of Members on the matters affecting trade, industry, and services in specified field of ring and open end yarn spinning sector of the textile industry.
(v)To attempt and adopt unified approach regarding policy matters affecting the ring and open and yarn spinning sector of the textile industry in Pakistan.
(vi)To arbitrate in the settlement of disputes arising out of transactions, price of goods, yarn and allied/by products between parties willing and agreeing to submit to arbitration in accordance with the arbitration rules of the association.
(vii)To purchase, sell, hire, rent and manage the movable and immovable properties of the Association.
(viii)To seek representations of various bodies dealing with issues of common interests.
(ix)To do such other things as are necessary in the general interest of its Members including the holding or participation in exhibitions within or outside the Country.
(x)To urge, support or oppose legislation or other measures and get amendments of law, rules, regulations or practices affecting the interest of Commerce, Industry and services generally or specifically affecting the interests of the business community of ring and open end yarn spinning sector of the textile industry particularly.
(xi)To secure adequate representation of the Association on Government, public or statutory bodies and on trade and business/industrial delegations.
(xii)To accept any bequest, gift, donation or subscription towards or to accumulate and provide a Fund or Endowment or Waqf and to invest the same and apply the income arising there from or to resort to the capital thereof for any objects of the Association.
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