November 30, 2020

Call to help increase carpet exports in international market

Lahore, November 30, 2020 (PPI-OT): Pakistan Carpet Manufacturers and Exporters Association (PCMEA) has said that country’s carpet industry has great potential to dominate global markets with innovative designs. This was stated by Senior Vice Chairman PCMEA Riaz Ahmed during a meeting at Carpet Training Institute on Sunday. Several other members of the association also participated in the meeting through video link to avoid spread of Covid-2019 pandemic. They also submitted their proposals to increase the exports of Pakistani carpets in the international market.

On the occasion, Riaz Ahmed said that social media could be used as a tool for suitable marketing to increase exports of the country in a befitting manner. He said that the industry could contribute substantially to country’s export revenues annually. However, he said that the international markets of a large number of countries are being ignored, due to which, the carpet industry is unable to gain more and positive results.

He suggested the government to take measures to reduce cost of production and provide facilities to exporters to achieve result-oriented targets. He also urged the government to form a think tank to study the international market of developed countries. “We should not ignore even a small country by keeping in mind that it was in the best interest of the country as well as carpet industry and the social media is a perfect platform to gain the positive results,” he remarked.

The PCMEA leader further suggested the government to direct the officials in Pakistani embassies to make a directory of those doing carpet business so that exporters could contact them easily. He said these foreign businessmen should be invited in the embassies. He said after this, Pakistani manufacturers would be informed about the results of these meetings so that they could be updated about the tendencies of different products besides knowing about market trends. He also demanded the government to take measures for the solution of problems being faced by the exporters.

For more information, contact:
Vice Chairman (NC) and Chief Organizer Lahore Exhibition 2013
Pakistan Carpet Manufacturers and Exporters Association (PCMEA)
1st Floor, CTI Building, 27-Empress Road, Lahore – Pakistan
Tel: +92-42-36366272, +92-42-36373947
Fax: +92-42-36305296
Email: pcmeaa@gmail.com

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November 30, 2020

Prime Minister’s corporate farming initiative lauded

Islamabad, November 30, 2020 (PPI-OT): Former President ICCI Shahid Rasheed Butt on Sunday lauded the decision of the Prime Minister Imran Khan to introduce corporate farming which will improve the food security situation in the country. The move may attract huge investment which will improve the struggling agriculture sector and provide edibles to masses at a reasonable price, he said.

Shahid Rasheed Butt also lauded the move of the government to downsize state-run-enterprises wasting trillions of rupees annually. Around 4500 employees of the Pakistan Steel Mills have been terminated which will reduce salary burden by 50 percent to Rs170 million, he said. The business leader said that the remaining staff of the steel mills should also be terminated as the unit is closed since 2015 but employees are enjoying salaries and other perks resulting in a total loss of over Rs300 billion.

He said that retrenchment should also be initiated in Railways which has wasted hundreds of billions of rupees while there are 14500 employees in the PIA causing colossal losses therefore almost half of the staff should be shown the door without any delay. Shahid Rasheed Butt said that these institutions are waiting trillions and the government has to get hefty loans on harsh conditions to keep them alive artificially which is not sustainable.

He called upon the opposition to avoid making economising in failed institutions an issue while the government should declare trade unions illegal if they start an agitation. The government should limit the working hours in commercial centres following the steps of developed nations which will save electricity worth billions, he demanded.

For more information, contact:
Dr. Shahid Rasheed Butt
Consul General Ghana
Former President ICCI
Former Patron ICST
Tel: +92-333-5132199, +92-51-2822571

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November 30, 2020

Decision to unbundle SOEs lauded

Islamabad, November 30, 2020 (PPI-OT): Former President ICCI Shahid Rasheed Butt on Monday lauded the decision of the Prime Minister Imran Khan to downsize state-run-enterprises wasting trillions of rupees annually. Around 4500 employees of the Pakistan Steel Mills have been terminated which will reduce salary burden by 50 percent to Rs170 million, he said.

The business leader said that the remaining staff of the steel mills should also be terminated as the unit is closed since 2015 but employees are enjoying salaries and other perks resulting in a total loss of over Rs300 billion. He said that retrenchment should also be initiated in Railways which has wasted hundreds of billions of rupees while there are 14500 employees in the PIA causing colossal losses therefore almost half of the staff should be shown the door without any delay.

Shahid Rasheed Butt said that these institutions are waiting trillions and the government has to get hefty loans on harsh conditions to keep them alive artificially which is not sustainable. He called upon the opposition to avoid making economising in failed institutions an issue while the government should declare trade unions illegal if they start an agitation. The government should limit the working hours in commercial centres following the steps of developed nations which will save electricity worth billions, he demanded.

For more information, contact:
Dr. Shahid Rasheed Butt
Consul General Ghana
Former President ICCI
Former Patron ICST
Tel: +92-333-5132199, +92-51-2822571

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November 30, 2020

Agreement with IMF must to improve economy: Mian Zahid Hussain

Karachi, November 30, 2020 (PPI-OT): Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday said forex reserves have hit an all-time high of 13.5 billion dollars during the tenure of current government due to the prudent policies of the central bank.

The forex reserves can jump to 14 billion dollars by the end of December while the efforts to continue strengthening foreign exchange reserves should continue, he said. Mian Zahid Hussain said that an agreement with the IMF, issuing Euro and Sukuk bonds and improved exports are central to continue strengthening forex reserves

Talking to the business community, the veteran business leader said that the current situation is satisfactory as the textile sector is working at full capacity but the second wave of coronavirus can jeopardise everything. The State Bank needs to bring the foreign exchange held by masses into the banking system through incentives so that the foreign exchange reserves could be pushed up to $20 billion by June 2021.

He noted that the current account is in surplus while a 300 million dollar loan from the ADB has also strengthened reserves but the IMF deal which was supposed to be signed in February should not be delayed. The agreement with the IMF will require doing away with some corporate relaxations and a hike on power tariff.

It will also need steps to control circular debt but negotiations with the IPPs are in a deadlock mode while the government cannot do much due to agreements signed with them. The pace of circular debt should be slowed down otherwise it will continue to hit the economy and may become a matter of concern in negotiations with the lender, he warned.

For more information, contact:
President,
Pakistan Businessmen and Intellectuals Forum (PBIF)
Tel: +92-343-2226888
Tel: +92-300-8233364
Email: ceo@kenlubes.net

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November 30, 2020

Trade and Investment Conference held in Nanning to highlight potential of Pakistan’s market for China ASEAN Region

Nanning, November 30, 2020 (PPI-OT): Commercial Section, Consulate General of Pakistan Guangzhou on second day of CAEXPO has organized an exclusive Trade and Investment Promotion Conference in Nanning, capital city of Guangxi-Zhuang Autonomous Region of China on the sidelines of the ongoing 17th China-ASEAN Expo (CAEXPO). CAEXPO is the largest government sponsored, trade and investment oriented expo in China-ASEAN region representing 11 regional countries with combined GDP of nearly 17.5 trillion US Dollars and a consumer market of 2 billion people. Pakistan is attending this year’s session as special partner country for the first time since its inception in 2004.

Adviser to the Prime Minister on Trade and Investment Abdul Razzak Dawood opened the conference with a recorded video speech. Expressing satisfaction over Pakistan’s participation as special partner country, Abdul Razzak Dawood highlighted the economic reforms and business friendly policies of the Government that have led to macroeconomic stability and conducive environment for business and investment. Stressing the great significance of China-ASEAN region to the economy of Pakistan, the Adviser welcomed investors from the two regions to avail the golden investment opportunities in the Special Economic Zones that are facilitated by supportive policies and attractive tariff and tax concessions. He assured full support and protection for Chinese and ASEAN investments in Pakistan.

In his welcoming remarks, Pakistan’s Ambassador to China Mr. Moin-ul-Haque expressed gratitude to the Ministry of Commerce of China and CAEXPO Secretariat for giving full representation to Pakistan in this year’s Session. Highlighting Pakistan’s special relations and comprehensive strategic partnership with China and the deep-rooted and wide-ranging links with ASEAN countries, Ambassador Moin-ul-Haque urged the business and investment community of China and ASEAN tap into the vast and virgin market of Pakistan, particularly with regard to the several SEZs being set up under the transformative China Pakistan Economic Corridor.

The Conference was also addressed by prominent Chinese government officials and business leaders, including Mr. Huang Shiyong, Member Standing Committee of Guangxi CPC; Mr. Han Songling, Marketing Director of Guangzhou Metro Group; Mr. Li Yanfeng, General manager of CIHC Pak Power Company; and Mr. Ou Xinglin, General Manager TianHe Tobacco International Company Limited. They highly evaluated the investment landscape of Pakistan and the supportive policies for Chinese investors.

Pakistan’s Consulate General in Guangzhou provided detailed briefings on the trade and investment potential of Pakistan, along with videos on tourist attractions and Emerging Pakistan. Bilingual brochures on investment landscape and CPEC special economic zones were distributed among the participants that included a large number of entrepreneurs from China and ASEAN countries and a large number of leading Chinese companies. Also TDAP has organized the participation of 15 Pakistani companies.

For more information, contact:
Director
Information and Communication Division
Trade Development Authority of Pakistan (TDAP)
3rd Floor, Block A, Finance and Trade Centre,
P.O. Box No. 1293, Shahrah-e-Faisal,
Karachi 75200, Pakistan
UAN: +92-21-111-444-111
Tel: +92-21-99206487-90, +92-21-99201526
Fax: +92-21-99206461, +92-21-99201526
Email: tdap@tdap.gov.pk, farooque.memon@tdap.gov.pk
Website: www.tdap.gov.pk

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November 30, 2020

Vivo Launches the Limited Edition Moonlight Sonata colour for Flagship V20 Smartphone in Pakistan

Lahore, November 30, 2020 (PPI-OT): Vivo, the leading global smartphone brand has today announced the availability of the Limited Edition Moonlight Sonata colour for its flagship V20 smartphone in Pakistan. Vivo V20’s cutting edge camera setup has a powerful and intelligent Autofocus capability that unlocks a whole new world of wonders for selfie lovers. The industry leading 44MP Eye Autofocus feature that captures the life of each moment with utmost ease and stability.

V20 is also slim and lightweight device that flaunts 7.38mm Ultra Sleek AG Glass to complement the fast-paced lifestyles of young users. The smartphone comes with a 64MP extraordinary rear camera with Super Night Mode that delivers high definition quality and clarity in every shot even after vigorous zooming.

The vivo V20 is built as both a design accessory and a powerful computing tool for fast-moving users. It has a few features thoughtfully incorporated to keep the users engaged and entertained in the ever-changing environment.

Powered by the Qualcomm Snapdragon 720G processor, vivo V20 delivers smooth performance for applications and games with vast 8GB RAM and 128GB ROM. Moreover, the Funtouch OS 11 (based on Android 11) features minimalist aesthetic for smoother user interaction.

It is backed by a 4,000mAh battery with 33W FlashCharge that can replenish the battery to 65% with lightning speed in just 30 minutes. With the strong battery and flash charge support, users can have a more convenient mobile experience and record themselves in various scenarios.

The new Limited Edition Moonlight Sonata colour is as pristine as full moonlight cascading on a serene ocean, guiding you to the innermost sanctuary of your heart. The pricing for this edition is also the same as the previous iterations, namely Sunset Melody and Midnight Jazz – currently available for Rs. 59,999 only across Pakistan.

Vivo offers one-year warranty for V20 along with 15 days free replacement and 6 months warranty for accessories. Vivo V20 is duly approved by Pakistan Telecommunications Authority and supports all mobile networks in Pakistan on both SIM slots over 4G LTE, 3G and 2G modes. Zong customers can also get 12GB Free Mobile Internet by using their 4G SIM card in Slot 1 (2GB Internet / month for 6 months).

You can get a 360° design experience of the vivo V20 by following this link: https://www.vivo.com/pk/products/360/v20

For more information, contact:
Manager Digital Marketing and PR,
Vivo Mobile Pakistan
Tel: +92-321-4045601
Email: zohair@vivo.pk
Website: https://www.vivo.com/pk/

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November 30, 2020

TDAP’s 1st International Virtual Textile Exhibition (2021), Scheduled to be held from 1st to 5th February 2021

Karachi, November 30, 2020 (PPI-OT): Started in 2016, TEXPO is the first of its kind, to venture into the virtual arena of exhibitions. Hence our tagline TDAP’s 1st International Virtual Textile Exhibition (2021), scheduled to be held from 1st to 5th February 2021. TDAP has planned this virtual exhibition to prepare Pakistani exporters for participation in international virtual trade fairs. This exhibition will benefit them not only in terms of preparedness for this virtual world of fairs but also saving hassle of logistics, travelling and giving them an opportunity to increase business. The application for the event is now open online on TDAP’s Website.

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