Day: August 22, 2022

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Prime Minister to review rescue, relief and rehabilitation efforts in flood-hit areas of country today 

Islamabad, August 22, 2022 (PPI-OT):Prime Minister Shehbaz Sharif has convened a meeting in Islamabad on Monday to review the rescue, relief and rehabilitation efforts in flood-affected areas of the country especially in Balochistan and Sindh. The Prime Minister will be briefed about the disbursement of cash assistance including payment of twenty-five thousand rupees to the flood victims under Benazir Income Support Program. The meeting will be apprised of relief activities being carried out through helicopters as the floods have cut off land route in Balochistan and Sindh.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk

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Pakistan not facing any risk of default: Dr Aisha Pasha

Islamabad, August 22, 2022 (PPI-OT):Minister of State for Finance Dr Aisha Ghaus Pasha has categorically stated that Pakistan is not facing any risk of default. Addressing at the launching ceremony of special report titled “Economic Security of Pakistan; Challenges and Way Forward” in Islamabad on Monday, she said Pakistan has ensured external financing needs for the next year. However, the challenges at economic front are significant.

She said due to prudent economic measures taken by the government the rupee has gained strength and imports have been significantly reduced. Highlighting importance of sustainability in current economic success of the government, she emphasized on structurally reforming the economy to get out of this boom bust cycle.

She said tax compliance has to be increased and decision makers need to think beyond politics and personal interests while devising tax policy. She said all stakeholders should keep Pakistan first. She said structural reforms in economy have to be undertaken with consensus of stakeholders to put Pakistan on sustainable growth.

The Minister of State for Finance said without consistency of economic policies we cannot lead our country on the path of human security. She said in today’s world national security cannot be secured without human security.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk

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UBG core committee Meeting held at Karachi

Karachi, August 22, 2022 (PPI-OT):The 5th Meeting of the core Committee of United Business Group (UBG) was held at Karachi which was presided over by Shahzad Ali Malik and Chief Guest by S M Muneer Patron In chief of UBG. The meeting was attended by leaders and large number of members across Pakistan. The prominent included President Zubair Tufail, General Secretary Zafer Bakhtawari, Riaz Uddin Sheikh Chairman UBG Sialkot, Khalid Tawab Chairman Sindh Region, Ghazanfer Bilour Chairman KPK Region, Ms Samina Fazil Chairperson Women Committee, Hanif Gohar, Mirza Ikhtiar Baig, Abdul Haseeb Khan, Mazher ALI Nasir, Zahid Hussain, Salman Aslam, Nasiruddin Sheikh, Naheed Masood, Haji Afzal, Syed Pir Nazim Shah, Ali Hassam Asghar, Maryam Chaudhary , Farzana Burni, Saeeda Bano, Arshad Farooq, Gulzar Feroz, Farquan Abdul Qadir, Aslam Pakhali, Humayun Laiq, Rizwana, Rizwan Jaffarani, Hafiz Bilal, Ikram Rajput, Muslim Mohammadi, Noor Ahmed Khan, Shakeel Dingra, Farhan, Obaid Qadri, Momin ALI Malik, Malik Khuda Bux, Nadeem Kashtiwala, Shaheen Sarwana, Shahab Ahmed, Nadem Mahboob Magoon and Zubair Chayya.

The members of UBG congratulated Shahzad Ali Malik on being nominated as Chairman of UBG who expressed his determination that he would not spare any effort to come upto expectations of the UBG members who have expressed their great confidence on him.

According to Gulzar Feroz central spokesperson UBG, Shahzad Malik further said that he would personally visit all trade bodies across Pakistan twice – first immediately after the election of the trade bodies and follow up visit in the month of end November or early December. The visit of his schedule would be soon finalised with the consent of the senior members of UBG, he added.

He further said that UBG would interact with all trade bodies and their leaders. He further informed about his meetings with different dignitaries in Pakistan and abroad which were very fruitful. The participants of the meeting also expressed their satisfaction on the nomination of Atif Ikram and Arif Jewa being the candidates for Presidential and Sr Vice President seats respectively.

Earlier Patron in Chief UBG SM Munir highlighted the economic activities of UBG and assured the house that UBG would become more active to meet the election challenges. He said that UBG has best professional team members having good experience for the coming election.

He further informed the house that UBG has selected the best candidates for the coming election of FPCCI for seats of president and Sr Vice President. He said that best candidates would also be selected for the election of Vice Presidents. He regretted that the present management of FPCCI has made FPCCI bankrupted by misusing, malpractices and embezzlement of FPCCI funds which were generated by UBG when it was in power. Zubair Tufail President UBG also spoke on the occasion and said that UBG stands united to meet all coming challenges.

He further said that the reputation of FPCCI has been demolished at the hands of present management which has come into power through unfair means. All members spoke on the occasion and they unanimously decided that UBG select 3 candidates from Sindh and 1 from Punjab for the Vice President seats from association class. It was also decided that Women CCI and Small Chambers would be facilitated.

It was also decided that UBG would intensify its networking with all trade bodies in all province under the senior leadership of UBG and also interact with members who have some grievances with the group. It was further decided in the meeting that UBG would eliminate bogus trade bodies which have overshadowed the genuine trade bodies and their representatives. The members were advised by the leadership to rectify the deficiencies of their trade bodies so that they may not face any hardships in election.

For more information, contact:
United Business Group (UBG)
Room No: 203, Second Floor,
Aiwan-e-Sanat Plot No.ST-4/2, Sector 23,
Korangi Industrial Area, Karachi, Pakistan
Tel: +92-21 35062200
Cell: +92-321-8261426

The post UBG core committee Meeting held at Karachi appeared first on Business News Pakistan.

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Chief Commissioner ICT assures to help ICCI for Industrial Estate project

Islamabad, August 22, 2022 (PPI-OT):A delegation of Islamabad Chamber of Commerce and Industry led by its President Muhammad Shakeel Munir called on Capt. (Retd) Muhammad Usman in his office and congratulated him on his appointment as Chief Commissioner Islamabad. Jamshaid Akhtar Sheikh Senior Vice President, Muhammad Faheem Khan Vice President ICCI, Khalid Iqbal Malik Chairman Founder Group, Tariq Sadiq, Zafar Bakhtawari, Fasiullah Khan, Akhtar Hussain, Omais Khattak, Usman Khalid, Zia A Zikria, Mian Waqas Masud, Khalid Chaudhry, Raja Abdul Majeed and others were in the delegation.

Addressing the delegation, Capt. (Retd) Muhammad Usman, Chief Commissioner, Islamabad said that the business community was playing an important role in the economic development of the country and assured that he would play role to resolve their key issues. He lauded the efforts of ICCI for the establishment of a new industrial estate in the region and assured that he would provide all possible help to ICCI for the materialization of this important project. He further said that he was interested in promoting Pakistan’s national game hockey by developing an Astroturf ground in the Capital and said that the business community should support him in such efforts. He assured that all highlighted issues of the business community would be given due consideration for redress.

Speaking at the occasion, Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce and Industry highlighted the key issues of the business community that needed close attention of the ICT Administration. He said that ICCI was making efforts since long for the establishment of a new industrial estate in this region to boost industrialization and stressed that ICT Administration and CDA should fully support ICCI in realization of this important project.

He also briefed him about the CDA related issues including lease renewal issue of industries, parking issue in markets, expediting work on IJP road and hoped that he would take necessary measures to address them. He assured that the business community would fully support the Chief Commissioner ICT in efforts promoting hockey support in the federal capital as it was our national game. He said that for this purpose, a ground in Islamabad should be allocated to ICCI to promote sports activities.

Jamshaid Akhter Sheikh Senior Vice President, Muhammad Faheem Khan Vice President ICCI, Khalid Iqbal Malik Chairman Founder Group, Tariq Sadiq, Zafar Bakhtawari and others also spoke at the occasion and congratulated Capt. (Retd) Muhammad Usman on his appointment as Chief Commissioner Islamabad. They also highlighted the key issues of the business community that needed the attention of ICT Administration and CDA for redress.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1, Islamabad, Pakistan
Tel: +92-51-2250526, 2253145, 8432676
Fax: +92-51-2252950
Email: icci@brain.net.pk, info@icci.com.pk
Website: www.icci.com.pk

The post Chief Commissioner ICT assures to help ICCI for Industrial Estate project appeared first on Business News Pakistan.

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Shan Shares partners with Saylani Welfare Trust to support flood victims in Balochistan

Islamabad, August 22, 2022 (PPI-OT):Shan Shares, the CSR identity of Shan Foods, has partnered with Saylani Welfare International Trust (SWIT), a leading NGO in Pakistan focused on feeding the poor and homeless, in order to support and create awareness about the victims of the recent floods in Balochistan.

This year’s monsoon rains wreaked havoc throughout Pakistan, especially in Balochistan. Hundreds have died while thousands have been left stranded without any basic amenities due to the ongoing rains and floods. In these tough times, Shan Shares, in partnership with SWIT, will sponsor medical for a total of 4000 individuals as well as provide ration to 500 families under Saylani’s Balochistan Rescue Program.

Maria Rashdi, Head of Corporate Communications and PR Shan Foods, while expressing her solidarity with flood victims, said, “The situation in Balochistan is deeply regrettable and one that requires immediate attention and support from organizations and individuals alike. Shan Shares hopes that our contribution towards this cause along with Saylani Welfare Trust will help those in need and prays that the victims soon find relief from their suffering.”

Maulana Muhammad Bashir Farooq, Founder and Chairman Saylani Welfare International Trust (SWIT) also expressed his grievances on the situation and said, “The people in Balochistan are suffering from unimaginable adversities. The victims are in need of immediate medical attention along with food and shelter. Through this program and support from entities like Shan Shares we aim to help the people in distress and work to improve their situation.”

For more information, contact:
Shan Foods (Pvt.) Limited
Plot-29, Sector 23, Korangi Industrial Area,
Karachi, Pakistan
Tel: +92-21-35053076-79
Email: info@shanfoods.com, consumerservices@shanfoods.com
Website: https://www.shanfoods.com/pk/

The post Shan Shares partners with Saylani Welfare Trust to support flood victims in Balochistan appeared first on Business News Pakistan.

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UBG hails the tireless efforts of trade bodies in promotion of exports

Karachi, August 22, 2022 (PPI-OT):The leaders of United Business Group (UBG) have congratulated all export oriented trade bodies of Pakistan for their outstanding contribution in promotion of Pakistan’s export. UBG particularly appreciated tireless efforts of the members of trade bodies of non-textile sector. Overall growth in the non-textile sector is mainly led by the value added sector, UBG said.

UBG further added that the members of associations of leather garments, surgical instruments, sports goods and engineering products have maintained growth in exports despite challenges which is praise worthy. Pakistan is known and recognised as a main exporter of these products, UBG said.

Pakistan surgical instruments are remarked by western countries with their famous brands. UBG suggested that Pakistan commercial sections should play their role to project the image of Pakistan’s surgical brands. The export of footwear, leather and canvas footwear and engineering products have witnessed continuous growth as per PSB report which is every encouraging.

UBG has urged upon the government to reduce duty on raw material to promote export particularly export of pharmaceutical, plastic chemicals, engineering and value added textile products. UBG also appreciated that despite lesser demand in international market export of Pakistan food products posted a growth particularly rice, spices, oil seeds, nuts, meat and fruits.

UBG also demanded incentives for the promotion of IT sector, pharmaceutical, rice, sea food, meat, frozen food, as these sectors have potential to grow more than double easily. UBG also demanded incentives for establishment of cold storages and development of infrastructure of sites of trade associations which are essential for promotion of exports.

For more information, contact:
United Business Group (UBG)
Room No: 203, Second Floor,
Aiwan-e-Sanat Plot No.ST-4/2, Sector 23,
Korangi Industrial Area, Karachi, Pakistan
Tel: +92-21 35062200
Cell: +92-321-8261426

The post UBG hails the tireless efforts of trade bodies in promotion of exports appeared first on Business News Pakistan.

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Pakistan largest export sector under threat

Islamabad, August 22, 2022 (PPI-OT):Former President of Islamabad Chamber of Commerce and Industry (ICCI) Dr. Shahid Rasheed Butt on Sunday said cotton production is falling in all major cotton producing and exporting countries because of extreme weather. At least a twenty percent decrease in international cotton output is expected, which is a big threat to the textile industry of dozens of countries including Pakistan, Bangladesh, Vietnam and China, he said.

Shahid Rashid Butt said that the situation in various countries is continuously deteriorating due to extreme heat, lack of water, untimely rains and some other factors. India, the country that produces the most cotton in the world, has been forced to import cotton due to the fall in production, US, the world’s largest cotton exporter is to see a drop of 28 percent in cotton output while production in Brazil, the world’s second-largest cotton exporter, is expected to drop by 30 percent.

Heat waves in China are making the situation critical and rains in Australia and Pakistan are ruining the cotton crop, he added. Due to these conditions, the price of cotton in the international market has increased by 30 percent and a further increase is expected. The high price of cotton is increasing the cost of doing business, he said, adding that Pakistan should take steps to ensure the supply of cotton to textile mills to save its largest export sector.

Mr. Butt said that Pakistan is the fifth largest producer of cotton in the world, with an average production of 1,350 metric tonnes. The current cotton production in the country is just about half of what it was producing until a few years ago and is expected to decrease further in the next few years because of official inattention.

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

The post Pakistan largest export sector under threat appeared first on Business News Pakistan.