Media Tribe> News--UK says FPCCI’s dispute resolution initiative to bring in heavy investments

FPCCI's dispute resolution initiative to bring in heavy investments: BHC

UK getting EU trade concessions for Pakistan: British High Commissioner

Pakistan has best business environment in region, UK's SME sector reluctant

Local businessmen aggressive, Pakistan exports increasing, UK's decreasing

"Do More" is not a helpful phrase. We all need to do more: Adam Thomson

 

 

Dated: June 28

 

Islamabad: British High Commissioner to Pakistan Adam Thomson on Tuesday said that his country is trying best to help Pakistan get access to EU market which is a critical issue.

 

We are trying to get EU trade concession of GSP Plus for Pakistan to get more Pakistani products would be introduced in Europe.

 

Talking to a high-profile delegation that included VP Saarc CCI Iftikhar Ali Malik, VP FPCCI Amir Atta Bajwa, Chairman FPCCI, Capital Office, Hameed Akhtar Chadda,

SVC, FPCCI Kanwar Qutbuddin and Chairman Media Malik Sohail, he said that he has been given task to double bilateral trade in four years.  

 

For this we need to thicken political relations, improve people-to-people contacts and invite British businessmen to invest in Pakistan, he said.

 

Adam Thomson said that Pakistan has easiest business environment in region but UK's SME sector is still reluctant to invest here which will be only possible if local business community extend cooperation.

 

The envoy of one of the seven most industrialised countries in the world said that British exporters are not as aggressive as their Pakistani counterparts. This has resulted in increasing share of trade in favour of the Pakistan.

 

He said that he is inviting British investors to explore energy, super markets and other promising sectors.

 

At the occasion, Iftikhar Ali Malik, who is also former president FPCCI, said Pakistan is being deprived of due rights while other countries like Bangladesh are getting concessions.

 

He said that Reconstruction Opportunity Zones is not a viable idea which he has already told US Secretary of State Hillary Clinton in a meeting.

 

Iftikhar Ali Malik said that he has been trying for peace since fifteen years and now want support of diplomatic community. He asked UK to help boost regional trade.

 

Amir Atta Bajwa said that the relations between two governments depend on ties between people of these nations to which the High Commissioner agreed.

 

Hameed Akhtar Chadda raised questions about visa procedure and fees to get convincing answers.

 

To a question posed by Malik Sohail Hussian, the High Commissioner said that Pakistan has suffered more in war on terror than what it get in return. "Do More" is not a helpful phrase; we all [allies in war on terror] need to do more, he said.

 

Lauding an offer by Malik Sohail, Adam Thomson said that dispute resolution initiative by the FPCCI, Pakistan's Apex body of trade and commerce, is to encourage the UK's business community in a great way pushing them to make a beeline to invest in Pakistan.

 

Visibly delighted, he said that he is immediately informing his superiors about the offer by FPCCI. This development will attract investors from all over the world, he added.

 

The High Commissioner also agreed to explore business exchange programmes and assured support in upgrading FPCCI's R&D section in the new building at Islamabad to boost its capacity.

 

Ruling out any mediation between Pakistan and India, he said that there is no better way outside trade to foster relations. However, he added that UK will continue to work for improved ties between two neighbours in the background.

 

Thomson said that Pakistani nation and businessmen are one of the most resilient people on earth who can face anything.

 

Ms. Sharon Mc Donald 2nd Political Secretary of the British High Commission, Jason Mumtaz, Trade and Investment officer, BHC and other diplomats were also present in the meeting.

--

Malik Sohail Hussain

Chairman FPCCI Standing

Committee on Media and PR

Cell 03215155500  and  03335155300

FPCCI +92-51-2251891-3. Fax +92-51-251894

 

 

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
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Media Tribe> PR--Master Plan for rural electrification through renewable energy demanded

Master Plan for rural electrification through renewable energy demanded

Energy crisis greatest bottleneck in supply of resources to economy

 

 

Islamabad: [June 26]

The Pakistan Economy Watch (PEW) on Sunday said that alternative forms of energy are becoming more cost-competitive with conventional fuels therefore government should accelerate the pace of its development.

 

Energy crisis is greatest bottleneck in the supply of resources to our economy; it is biggest problem than terrorism, said Dr. Murtaza Mughal, President PEW.

 

He said that some areas will have to brave 23-hour load shedding by 2020 if development of energy resources was not given proper attention.

 

He said that industrial development, commercial activities, population growth and inefficiency are main causes for the crisis while the rising costs of fossil fuels coupled with volatility has made alternatives more attractive.

 

Moreover, construction costs of oil, gas, coal and nuclear power plants have jumped by 80 per cent in five years which calls for investing in renewable energy, he said adding that we need to realise that economics of traditional fuels are changing.

 

Dr. Murtaza Mughal said that gap is closing between price of fossil fuels and alternatives, and later will not be considered an expensive option in the days to come.

 

He said that globally over 1.7 billion people have no access to power; over 170 million people in Southeast Asia are un-electrified with majority having no chance to get grid connectivity in their lifetime.

 

These rural people are barred from benefits of electricity and stopped from mechanization of farms for greater productivity which keep them poor.

 

Lauding the move by AEDB and FFC Energy to explore wind power projects he said that Pakistan's government and private sector needs to explore more wind corridors, complete projects in pipeline and also consider utilising exceptional level or irradiation available throughout the country.

 

Government as well as business community needs to introduce green hotels, cars, heaters, notebooks, motorcycles and lighting systems. Those investing in alternative energy should be given maximum benefits and tax breaks and there should be no policy ambiguity, he demanded.

 

 

 

"We urgently need a master plan for rural electrification through renewable energy" Dr. Mughal demanded. Private sector should also be encouraged to invest in such a programme.

 

Such transitional steps will also help us fight climate change for which help of international lending institutions is imperative, he said.

 

--

Dr. Murtaza Mughal

Cell:  0321-5157671

President Pakistan Economy Watch

www.pakistaneconomywatch.com

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
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Media Tribe> Press Release--Pakistan’s future tied to China: Raza Khan

Pakistan's future tied to China: Raza Khan

Beijing emerges victorious from financial crisis: FPCCI

Govt can consider enhancing role of Chinese experts: Minister

 

Islamabad: (June 26)

Raza Khan, Chairman Coordination, FPCCI on Sunday said that Pakistan's best friend China emerged triumphant from financial crisis that has jolted world's leading economies which proves the vision of Chinese leadership.

 

He said that future of whole world and that of Pakistan is tied to China which is poised to become world's number one economic power soon.

 

Deep perception of the situation of the Chinese leadership kept the country safe at a time when almost all countries were grappling to cope with financial meltdown, he said while talking to Baluchistan Minister for Inter-Provincial Coordination Dr. Ruquia Saeed Hashmi.

 

The business leader said that China has maintained an average growth rate of 9.7 per cent in last three difficult years while it average growth in last three decades stands at 10 per cent which indicate that developing nations including Pakistan can learn a lot from this friendly nation.

 

Raza Khan said that international community benefits from development of China in a great way and international financial system badly needs sustained growth of that great country.

 

He said that Pakistan should also allocate 3.69 per cent of GDP to education like China and study their methods of interference that resulted in containing inflation and price hike etc.

 

AT the occasion, Dr. Ruquia Saeed Hashmi said that we need to get benefit from Chinese expertise with special focus on the instruments employed by their economic experts which have resulted in growth miracle.

 

Capitalism is already malfunctioning while China has introduced a superior economic model with lower tax and regulatory burdens, she said.

 

China can help Pakistan attain balanced and sustainable growth which is badly needed in the current set of circumstances, the minister said Dr. Ruquia Saeed Hashmi.

 

Sadia Hashmi said that friendship with China is one of the most valuable assets for Pakistan. She demanded more investment by Chinese in Baluchistan.

 

She said that the China has implemented reforms in a gradualist fashion transforming country into world's fastest growing economy, the largest exporter and second largest importer of goods and world's top manufacturer. They have reduced poverty rate from 53 per cent in 1981to 2 per cent which is a lesson for us.

_

Muhammad Raza Khan, 

Chairman Coordination, 

FPCCI, Capital Office, Islamabad,

Former President, Haripur Chamber of Commerce,

Founder President, Islamabad Chamber of Commerce.

Tel: FPCCI +92-51-2251891-3. Fax +92-51-251894

Tel: Business +92-51-4434200-5. Fax +92-514434203

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
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Media Tribe> FPCCI kicks off campaign to forge stronger ties with business chambers

FPCCI kicks off campaign to forge stronger ties with business chambers

Communication only way to enhance capacity of small businesses, get due rights

 

Dated: June 24

 

Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has launched a campaign to improve liaison with different chambers of commerce in Industry to create synergies. 

 

The linkages and inter-group communications needs to be improved between FPCCI and different chambers which is prerequisite for unity to get rights, said Amir Atta Bajwa, VP, FPCCI while speaking to business community, here Friday.

 

He said that we can strengthen business community with the help of oneness which is imperative for the survival of businesses.

 

Bajwa said that he will personally visit all chambers, with special focus on the neglected ones to unite business community which will pave way for resolution of issues to the satisfaction of all stakeholders.

 

Unveiling details of the plan, he informed that another meeting is scheduled at Lahore where representatives of all the trade associations would assemble to chalk our strategy.

 

Amir Atta Bajwa said we need enabling environment to conduct businesses with peace of mind, adding that the umbrella organization of business community will do everything in reach to attain the goal.

 

At the occasion, Chairman FPCCI, Capital Office, Hameed Akhtar Chadda, said that this is a major initiative to improve linkages with all the chambers of commerce which must continue.

 

He said that earlier chambers in Rawalpindi region use to visit Lahore but now their issues would be resolved in Islamabad.

 

We will establish help desks in FPCCI's regional offices to provide adequate support to call chambers and businesses, said Chadda.

 

Chairman Media FPCCI Malik Sohail Hussian said that business community should try to resolve issues with the help of media which is playing a very positive role in national development.

 

He said that national business leaders Tariq Sayeed and Iftikhar Ali Malik have devoted a good chunk of their life to create linkages among businessmen aimed at improvement. Now what we need is enhanced interaction, Sohail stressed

 

 

The first meeting of its type was also attended by President Islamabad CCI Mehfooz Ilahi, VP Rawalpindi CCI Mian Atique, President Jhelum CCI Sheikh Muhammad Iqbal, President Attock CCI Arif Rafique, President Poultry Association Asim Raza, Chairman FPCCI Standing Committee on Health Tariq Mehmood, Zahid Bakhtawari and others.

 

The participants raised variety of questions and discussed in detail the issues like bungling in allotment of commercial and industrial plots, role of mid-level politicians in hampering businesses, load shedding and over billing by gas and power utilities, increasing incidents of kidnapping in Jehlum and lack of information.

 

Stressing coordination and communication, Tariq Mehmood pointed out that pharmaceutical community faced some problems at the hands of former secretary health. 

 

The business leaders lauded the move by FPCCI and demanded that all economic development groups should be included in the plan.

 

They said that the incumbent set up should have initiated this cause eight months back to ensure greater coordination and synergism.

 

--

Malik Sohail Hussain

Chairman FPCCI Standing

Committee on Media and PR

Cell 03215155500  and  03335155300

FPCCI +92-51-2251891-3. Fax +92-51-251894

 

 

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
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Media Tribe> Designer Galliano's trial opens

Media Tribe> Women's Chamber and FPCCI News

Women enterprisers will be provided more opportunities: Senator Ghulam Ali

We need govt, community support to become self-sufficient: Samina Fazil

 

Dated: June 23

 

Islamabad:

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Senator Haji Ghulam Ali on Thursday said women entrepreneurs have been given more opportunities to excel.

 

He said that he will facilitate meeting of Islamabad Women's Chamber of Commerce and Industry (IWCCI) with Prime Minister and President who are very concerned about welfare and development of 52 per cent of the population of Pakistan.

 

Speaking at a reception hosted in his honour by Samina Fazil, President IWCCI, Haji Ghulam Ali said that government has provided Rs 60 billion to BISP for social welfare; it can also help business women by providing interest-free loans.

 

He said that FPCCI will promote women entrepreneurs, boost their presence in business delegations and arrange women-specific tours to foreign countries so that they can have exposure and enhanced trade opportunities.

 

The FPCCI President who was on his first-ever visit to any women's chamber, also assured women of provision of a plot for Chambers building and grant from TDAP.

 

Earlier in her welcome address, Samina Fazil, President IWCCI, demanded 25 per cent presence of women in all foreign business trips.

 

She said that male-dominated business chambers should amend rules and support women to help them become self sufficient.

 

Samina also demanded FPCCI to help establish a display centre in Islamabad to encourage the cottage industry run by women and arrange financial literacy programmes.

 

We deserve to have independent workingwomen development programmes by government and private sector, Samina underlined.

 

Others present on the occasion included VP FPCCI Fazal-e-Elahi, Chairman Capital Office FPCCI, Hameed Akhtar Chadda, President RCCI Syed Ali Raza, Chairmen of FPCCI Standing Committees Malik Sohail, Tariq Mehmood and Arif Rafique were also present.

 

Tariq Mehmood stressed information to women about good borrowing practices, proper business planning, productive use of the loan, repayments, avoiding over-indebtedness, increase in savings, and knowing consumer rights.

 

Of 1.6 million microfinance borrowers some 100,000 enterprises are exclusively owned by women, said Tariq.

 

Arif Rafique pointed out that low literacy and social constraints are barring women, especially micro- entrepreneurs from avenues through which they can grow their businesses and increase contribution.

 

Malik Sohail lauded the struggle of women and offered full cooperation. He said that women will soon overcome all obstacles.

 

He said it is responsibility of men to support women wherever they need help otherwise country cannot climb ladders of success.

 

--

Samina Fazil,

President,

Islamabad Women's CCI

Mobile: 0323-5343199

Land-line: 051-2252256

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
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Media Tribe> PR--FPCCI, Saarc CCI want Trade Organisations Ordinance revoked

 

FPCCI, Saarc CCI want Trade Organisations Ordinance 2007 annulled

Business community want Trade Organisations Act 1961 restored

Constitutionally-protected economic advisory board demanded

 

 

Dated: June 22

 

Islamabad: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Saarc Chamber of Commerce and Industry (Saarc CCI) has demanded of the government to overturn Trade Organisations Ordinance 2007 and reintroduce Trade Organisations Act 1961 after necessary amendments.

 

The Ordinance enacted on June 5, 2007 hasn't been approved by the National Assembly is it not serving economy, business community or nation, said Senator Haji Ghulam Ali, President FPCCI.

 

Speaking at a reception hosted in honour in Federal Minister for Law, Justice and Parliamentary Affairs, Moula Baksh Chandio, he said that economic growth is difficult unless laws governing the businesses are altered to suit the needs of business community.

 

Senator Ghulam Ali said that the role of regulators needs to be strengthened to guarantee enabling environment for business community which is in the national interest.

 

"We will be better positioned to focus on exports once we settle our problems at home," the Senator said.

 

At the occasion, Iftikhar Ali Malik, VP Saarc CCI said that we have one of the most controlled economies where laws are not supporting growth in businesses.

 

He said we need a constitutionally-protected economic advisory board on the pattern of Indonesia which can ensure consistency and continuity in policies while remaining above the political considerations. However, he quickly added, this is something alien to our country.

 

Malik said that laws pertaining to trademarks, piracy, IPR should be improved so that the investors can take interest in Pakistani market.

 

"Trade Development Fund," is an additional burden on business community which has not served any purpose so far.

 

The VP, Saarc CCI said that we should know about the usage of funds generated through TDF.

 

Federal Minister Moula Baksh Chandio assured the business community of resolution of all just demands.

 

He said that business community can meet him anytime with solid proposal and recommendations aimed at improvement or countermanding any existing laws.

 

He said that all the changes would be made with the entire stakeholder on board adding that all the legal support would be ensured to promote trade and business activities for industrial development in the country.

 

--

Malik Sohail Hussain

Chairman FPCCI Standing

Committee on Media and PR

Cell 03215155500  and  03335155300

FPCCI +92-51-2251891-3. Fax +92-51-251894

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
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Media Tribe> News Urdu Emglish--Negative return on deposits reason behind capital flight

Govt policies repelling investment

Massive private capital leaving country

Negative return on deposits a reason behind capital flight

 

Islamabad: [19 June]

The Pakistan Economy Watch (PEW) on Sunday said the policies of the government are repelling the investment and indirectly supporting flight of capital at a time when it is badly needed at home.

 

Capital flight proves that some investors are not only disturbed but have lost faith in the economic policies of the government, it said.

 

The disappearance of wealth can result in sharp drop in the exchange rate leaving authorities with no option but to choke productive sector to keep it reserves intact, said Dr. Murtaza Mughal, President PEW.

 

He said that revelation of Malaysian Consul General that Pakistanis have transferred 2.1 billion dollars to Kuala Lumpur is shocking.

 

Dr. Murtaza Mughal said that majority of those who have shifted money belongs to Karachi which speak volumes about the feeling of people living in the commercial and industrial hub of Pakistan.

 

Flight of 2.1 billion dollars is tip of the iceberg as 99 per cent of such transactions are not recorded on the books, he said

 

"Another reason behind capital flight is the negative return depositors get from banking companies since decades," he said adding that money is channelling to countries offering higher interest rates.

 

Dr. Murtaza Mughal said that some controversial taxes help governments earn some additional funds but it cost country a lot in shape of billions flowing outward.

 

Government should revisit policies otherwise sustained flight of capital will bring economy to knees, he warned.

 

He said that there is an urgent need that economic managers prove their vision otherwise investors will continue to shy away keeping Pakistan dependent on loans and donations.

 

--

Dr. Murtaza Mughal

Cell:  0321-5157671

President Pakistan Economy Watch

www.pakistaneconomywatch.com

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
Group Manager

Media Tribe> News & Pics--Japan Co looks for CAS acess through Pakistan pvt sector

Japan seeks inroads in central Asia through Pakistan

 

Dated: June 19

Islamabad: A Japanese multinational has initiated plans to explore central Asian market with the help of private sector of Pakistan.

 

Nippon Paint which is in business since 120 years stepped into Pakistani market on 5th of November 2007. Success in Pakistani market encouraged them to explore Afghanistan and now they are eyeing lucrative market in Central Asia with the help of Pakistani business community.

 

"We are the largest paint manufacturer in Asia, our estimates suggest that we will be No.1 in Pakistan within months, the situation demands that we expand into central Asia," said Syed Samad Zaheer, General Manager, Pakistan, Nippon Paint.

 

Talking to reporters, he said that he has come to fine-tune the details of business arrangement for central Asia, adding that that we are very encouraged through response of customers in Pakistan and Afghanistan.

 

Increasing demand suggests that Pakistan's economy is on the path of progress, he added.

 

Samad Zaheer said that our sales volume is to cross Rs 2 billion soon. "We are already in every nook and corner of Pakistan and Afghanistan and with the largest manufacturing facility in Pakistan we can cater for all the needs of central Asian states."  

 

He said that we need trusted partners to successfully launch our products in central Asia without any problems.

 

Ijaz Ali Khan, Export Manager Afghanistan, Nippon Paint, Samina Fazil, President, Islamabad Women's Chamber of Commerce and Industry, Malik Khalid Nawaz, CEO Fujian International, Kulsoom Khan, and some leading shipping agents were also present on the occasion.

 

Khalid Nawaz, who has command over central Asian affairs, apprised the Nippon officials about situation, rules, regulation and method of doing business in the central Asia.

 

Finding a foothold there is not very easy it the dynamics of that market are totally unique, he informed. He advised that Nippon should specially formulate products for the central Asian market, create paint innovations, boost number of outlets as well as investment in Pakistan.

 

Nawaz informed said that the embassies of all central Asian countries are focused on enhancing trade and that foreign investors get full cooperation from them.

 

--

Samina Fazil,

President,

Islamabad Women's CCI

Mobile: 0323-5343199

Land-line: 051-2252256

 

 

 

--
Samina Fazil,

President,

Islamabad Women's CCI

Mobile: 0323-5343199

Land-line: 051-2252256

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
Group Manager

Media Tribe> News+Pics--FPCCI demands steel mill in Kalabagh

Kalabagh merits having a steel mill: Raza Khan

 

Islamabad: (June 19)

Chairman Coordination, FPCCI Raza Khan on Sunday said Kalabagh merits having a big steel mill as the area has significant iron ore deposits.

 

Government has long been neglecting exploiting ten thousand million tonnes of proven deposits since a decade which is not in the national interest, he said.

 

Kalabagh can be home of the second largest steel mill which will not only boost economy but also provide jobs to thousands of people living in that underdeveloped area, he said.

 

Talking to industrialists at Hattar Industrial Estate, he said that government should establish a steel mill in Kalabagh which will also save precious foreign exchange wasted on import of scrap.

 

Raza Khan said that despite around 600 units, our industry is to go a long way to develop finished products of international quality, adding that per capital consumption of steel is around 36 kg which is discouraging as that global average intake stands at 198 kg.

 

Limited consumption show that infrastructure growth in our country is sluggish, he said.

 

The frequent problems faced by Pakistan Steel Mills, the largest industrial unit in Pakistan could be tackled through establishing small steel mills at different localities, he said.

 

Raza said that prices of steel should be realistic and millers should get relaxation on taxes imposed on their electricity bills as power is used as raw material in melting and rerolling units.

 

The supply of electricity and gas to the furnaces should be increased while unscheduled load shedding is also a major factor for losses. Authorities should give advance notices for any load shedding, he demanded.

_

Muhammad Raza Khan, 

Chairman Coordination, 

FPCCI, Capital Office, Islamabad,

Former President, Haripur Chamber of Commerce,

Founder President, Islamabad Chamber of Commerce.

Tel: FPCCI +92-51-2251891-3. Fax +92-51-251894

Tel: Business +92-51-4434200-5. Fax +92-514434203

 

 

 

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
Group Manager

Media Tribe> FPCCI 100-member delegation to visit Uzbekistan

 

100-member FPCCI delegation to visit Uzbekistan

Uzbekistan can provide 800 MV to Pakistan: envoy

 

Islamabad: June 15

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has decided to take a 100-member delegation comprising leading industrialists and traders to Uzbekistan to boost trade and investment ties between two brotherly countries.

 

The delegation will represent business community of all four provinces, Gilgit Baltistan, Fata and Pata.

 

This decision was taken after a meeting between President FPCCI Senator Haji Ghulam Ali and Ambassador of the Republic of Uzbekistan to Pakistan Oybek Arif Usmanov at FPCCI Capital Office.

 

Deputy Head of Mission Asmatullah Fiazullah, Raza Khan, Chairman Coordination, FPCCI. Chairman Media Malik Sohail and others were also present on the occasion.

 

At the occasion, Ghulam Ali who is also Vice President Islamic Chamber of Commerce, said that he forging brotherly ties with all Muslim countries, especially Central Asian States is his mission.

 

He said that frictions will help nobody while cordial relations and enhanced trade ties will benefit everyone.

 

The Senator said that business community of two countries can benefit from each other in sectors like energy, textiles, leather, cotton, pharmaceuticals, agriculture, car and tractor manufacturing, cables, steel, railway, tourism, telecom, fertilizers, cargo transportation, transit, IT and public health engineering.

 

 He said that Pakistan is trying to overcome energy shortages and we should seek access to surplus central Asian electricity.

 

Mr. Usmanov informed said that Uzbekistan is already providing power to Afghanistan and they are happy with it adding that we can provide 800 mv of electricity to Pakistan via Peshawar on very reasonable rates.

 

The ambassador said that they are looking forward for enhanced exchange of business delegation and increased cooperation.

 

Uzbekistan is the world's second largest cotton exporter and sixth largest cotton producer, it can share expertise on insect-resistant cotton and anti-cotton virus technology, said Usmanov.

This visit will be an opportunity to improve friendly relations in diverse fields including economics, the envoy said.

 

The diplomats lauded the efforts of President FPCCI Senator Haji Ghulam Ali to promote regional and international trade and hoped that his cause will go a long way in improving the economy of Pakistan.

 

--

Malik Sohail Hussain

Chairman FPCCI Standing

Committee on Media and PR

Cell 03215155500  and  03335155300

FPCCI +92-51-2251891-3. Fax +92-51-251894

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Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
Group Manager

Media Tribe> News Urdu/English/Pic--Pak Business community can contain terror: Lankan HC, Middlemen hindering trade

Pak Business community can help contain terror: Lankan HC

SL delegation due to discuss JEC with Pakistani authorities

Cement, sugar investors can get unmatchable incentives in Lanka

Middlemen hindering trade potential, three flights from Lahore on cards

Trade with Lanka through India not in the interest of Pakistan

 

Dated: June 14

 

Islamabad: High Commissioner of the Democratic Republic of Sri Lanka Jayalath Weerakkody on Tuesday said business community of Pakistan can play an important role in containing terror as it is also linked to the overall economic situation.

 

He said his country has faced sectarianism and terrorism for decades and we can share expertise with Pakistan to help combat terror. "My country is ready to do anything to ensure stability in Pakistan."

 

He was talking to a delegation of FPCCI that included SVC Diplomatic Affairs FPCCI Kanwar Qutbuddin, Chairman Media and PR, FPCCI Malik Sohail, President Women's Chamber Samina Fazil, Adnan Mirza and leading exporter Kulsoom Khan.

 

Air Chief Marshal (retd) Jayalath Weerakkody RWP, VSV, USP informed that a delegation led by a Cabinet Minister is due in Islamabad soon to hold a Joint Economic Commission meeting with local authorities.

 

He said that trade between two countries have picked up after visit of President Asif Ali Zardari, however he said that Pakistan businessmen are more focused on trade and not inclined towards manufacturing.

 

The High Commissioner said that some Pakistani companies have expressed interest in setting up cement, steel and sugar manufacturing facilities and that investors in tourism and sugar cultivation sectors can get matchless deal as we plan to multiply production by 500 per cent in minimum possible time.

 

He said that middlemen are hindering the trade potential between the two countries that must be tackled.

 

"Sri Lankan Airlines is operating five flights per calendar week while it has planned to operate three additional flights from Lahore which will boost our presence in the brotherly country," he informed.

 

Jayalath Weerakkody said that Pakistan figures prominently in Sri Lankan foreign policy as it is considered one of the most important countries in the world.

 

The two brotherly countries are time-tested friends and we look forward to a much closer cooperation in all the fields including trade, commerce, culture, education and tourism, the High Commissioner said.

 

Pakistan is showing impressive results on export side and Sri Lanka is preparing boost its investment in Pakistan; he said adding that the two countries should take maximum benefit of free trade arrangement.

 

Assuring help to introduce more Pakistani products in his country, he said that Pakistani products are very popular in the Sri Lankan markets due to their quality, packaging and pricing.

 

He asked the people to stand by the armed forces and support the government, as both needed public support to bring normalcy back. He said that Pakistan have one of the best armed forces backed by best intelligence services which can cope with any problem.

 

Responding to a question by Malik Sohail, he said people of Pakistan were friendly and caring and he would like to stay here for long time.

 

Sohail said that Pakistan and Sri Lanka have strong ties and common perceptions but the trade volume is too small that calls for solid steps by both the nations.

 

Malik Sohail told the envoy that national business leaders Tariq Sayeed, Iftikhar Ali Malik and Ghulam Ali have been working on matters that will ensure bilateral trade volume reflect to true potential.

 

He also demanded expansion of Embassy and appointment of Commercial Counsellors to which the High Commissioner agreed.

 

Malik Sohail demanded the government to benefit from the experience of Sri Lanka which is providing free education from elementary level to the highest level.

 

The FPCCI official said that many businessmen are using Indian business concerns for trade with Sri Lanka which is not in the interest of the both brotherly countries.

 

--

Malik Sohail Hussain

Chairman FPCCI Standing

Committee on Media and PR

Cell 03215155500  and  03335155300

FPCCI +92-51-2251891-3. Fax +92-51-251894

 

 

 

 

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
Group Manager

Media Tribe> News Urdu/English---SC asked to probe petro shortages

 

SC asked to probe petro shortages

 

Islamabad: [June 12]

The Pakistan Economy Watch (PEW) on Sunday asked to Supreme Court to intervene in the issue of petroleum shortages across the country and bring culprits to justice.

 

It also sought the resignation of Minister for Petroleum Dr. Asim Hussain whose 'revolutionary measures' have backfired at a time he was abroad.

 

Oil and Gas Regulatory Authority should also share blame for its incompetence which has allowed oil mafia to play mayhem with the masses, said Dr. Murtaza Mughal, President PEW.

 

Over a month has passed since the crisis began but the government is still helpless; all it can do is to call meetings which justify the intervention of the higher judiciary in the matter, he said.

 

Orders to close CNG stations for two days should be withdrawn and this cheap fuel should be made available seven days a week so that a part of harassed motorists can take a sigh of relief.

 

Dr. Murtaza Mughal said that major players in the oil chain including refiners and marketing companies have apparently ganged up to increase their windfall while ministries and the regulator are acting in collusion.

 

Issues like poor financial health of oil companies, Rs 421 billion petroleum sector's circular debt, and cut of around three billion on subsidy for refineries in the recent budget which has annoyed many should be tackled on war footings, he demanded.

 

The Supreme Court should probe that why the companies failed to keep stocks of 20 days which is mandatory and that the shortage was deliberate or natural, he demanded.

 

Additionally it must be investigated that why plate-formers of three refineries stopped working simultaneously, why there were no alternate arrangements in place and why efforts to fill the supply gas proved counterproductive and who has allowed filling stations to fleece the people.

 

--

Dr. Murtaza Mughal

Cell:  0321-5157671

President Pakistan Economy Watch

www.pakistaneconomywatch.com

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
Group Manager

Media Tribe> News Urdu/English/Pics---Economic stability hidden in proper education: FPCCI

Economic stability hidden in proper education: FPCCI

Education, stronger nation goes paralled: Raza Khan

Importance of practical training for students need attention

Balance between theory and application imperative

 

Islamabad: (June 11)

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday said standard of education needs to be improved so that economy can get a boost.

 

Good educational institutions are imperative to develop country, economy and society in these times of rapid changes and slowing momentum of higher education, said said Raza Khan, Chairman Coordination, FPCCI.

 

Speaking as Chief Guest at the opening ceremony of 6^th Sales Gala, organised National University of Modern Languages (NUML), he said that there are gaps between education and application that needs to be bridged for the sake of future generations.

 

He said that process of learning could be made more effective if the students are exposed to the real working conditions where they can apply their knowledge. Unfortunately, we lack such a culture, he added.

 

Such initiatives help business students gain experience and enhance skills like planning, organising finances, proficiency, techniques, communications, negotiation, bargaining, convincing, etc, said Raza Khan.

 

He said that most of the educational institutions and business schools have yet to realise importance of transforming technical knowledge into practical training which leave students unprepared to face real life challenges.

 

We must understand that theoritical education cannot be strengthened in absence of practical training, he said.

 

The FPCCI official told students that honesty and commitments are the best and cheapest tools to attract customers.

 

He lauded the initiative of NUML calling it a truly training session for the students adding that students have done wonders.

 

"Organisers of the event deserve full credit for this wonderful trade fair," said Raza Khan adding that such events should be held twice a year.  

 

Earlier, the chief guest visited stalls, appreciated the efforts of students as well as sponsors, and advised as well as probed them with questions.

 

The event was a unique blend of theory and practice to help the students understand the fundamentals and trends in business and explore opportunities.

_

Muhammad Raza Khan, 

Chairman Coordination, 

FPCCI, Capital Office, Islamabad,

Former President, Haripur Chamber of Commerce,

Founder President, Islamabad Chamber of Commerce.

Tel: FPCCI +92-51-2251891-3. Fax +92-51-251894

Tel: Business +92-51-4434200-5. Fax +92-514434203

 

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
Group Manager

Media Tribe> News and Pics---Saarc CCI vows to promote regional trade, peace

 

Saarc CCI vows to promote regional trade, peace

Easy visa facility to ensure augmented ties

 

Dated: June 10

 

Islamabad: South Asian Association for Regional Cooperation (SAARC) on Friday vowed to play more active role in promoting trade, peace and development in the region aimed at political stability.

 

Governments and business community must utilise the Saarc Chambers' Forum to develop cordial relations between the member states, said Iftikhar Ali Malik, Vice President Saarc Chamber of Commerce and Industry.

 

Malik said this while speaking at a reception hosted by SAARC Chamber in honour of Rajinder Kumar Sharma, outgoing Commercial Counsellor of Indian High Commission and his successor Arvind Saxena.

 

He lauded the initiative of Pakistan and India to ease visa restrictions saying it will help break the logjam to further expand bilateral relations at the people-to-people level.

 

Malik further said that Pakistani business community will continue to strive to further strengthen its special and cordial relations with all Saarc countries to boost economic and trade activities in the region.

 

"RK Sharma has played a historic role in enhancing commercial ties between Pakistan and India at a time when trade was threatened," said Malik adding that arms race will lead us nowhere while struggle for prosperity will help everyone.

 

At the occasion, Secretary General Saarc CCI Iqbal Tabish Pakistan and India , the major players in the grouping, should enjoy a special relationship in the days ahead which is in the interest of everyone.

 

He said that the efforts of Mr. Sharma for a change are visible enough and we are loosing a very competent officer.

 

He called upon civil society, traders and parliaments of the Saarc countries to work together to promote trade, commerce, and regional cooperation.

 

Tabish said that it is responsibility of every individual to realize the objectives of the Saarc CCI, besides contributing to peace, harmony, understanding and progress.

 

"SAARC is capable of eliminating the ever increasing poverty from region, which generates less than 2 per cent of world income, supports 22 per cent of world population and 44 percent of the world's poor," Tabish informed.

 

Mr. Sharma said that Pakistani business community is blessed with very honest, competent and committed leadership like Tariq Sayeed, Iftikhar Ali Malik and Ghulam Ali.

 

The untiring efforts of Pakistani business leaders to bridge gaps and create linkages between Pakistan and India have resulted in strengthened relations which is helping 1.4 billion people of South Asia , he said.

 

Our dream of poverty reduction will only come true rapidly if the business community of two countries continue pushing their positive agenda, he said.

 

VP FPCCI, Fazal Elahi, Chairman FPCCI Capital Office Hameed Akhtar Chadda, Chairman Coordination Raza Khan, former VP FPCCI Malik Zubair, Kanwar Qutbuddin, President ICCI Mahfooz Elahi, President RCCI Syed Ali Raza, Chairman Media Malik Sohail Hussain and other prominent business leaders were also present on the occasion.

 

--
Dear All,
It's a common platform for journalists and all others who are interested in knowing about the issues that are sometimes not reported. This group favours philosophy of progress, reform and the protection of civil liberties. Please share and educate others. The owners and managers of this site do not necessarily agree with any of the information. It is an open forum and anyone that register can post whatever they like. Mails sent by members and non-members are subject to approval. However, we are not responsible in any way for the contents of mails / opinion sent by members. We do not guarantee that the information will be completely accurate. If you find content on this site which you feel is inappropriate or inaccurate, incomplete, or useless you are most welcome to report it or contradict it.
Regards,
Group Manager