UBG – Page 2 – PPI News Agency

September 28, 2022

Ishaq Dar a great hope for Pakistan economy, Zubair Tufail, President UBG

Karachi, September 28, 2022 (PPI-OT):The country’s economy is confronted with multifarious challenges, which have been further aggravated by unprecedented devastating flood causing 30 billion dollars loss to the country while the import bill is likely to further increase which will be unbearable under the present economic situation. This was stated by Zubair Tufail Former President FPCCI.

While felicitating Ishaq Dar being the new Finance Minister Zubair Tufail further said that the business community which was frustrated in the present economy has a great hope of new Finance Minister having experience to meet the economic challenges particularly to keep the dollar stable which is the need of hour and good for the dwindling economy. Zubair recalled that new Finance Minister had succeeded keeping the dollar stable at 105 rupees in previous period of finance ministry.

According to Central Spokesperson UBG Gulzar Feroze President UBG Zubair Tufail said that the economic situation in the present hard time when the economy, is under great stress of inflation, food inflation, instability in commodity, petroleum and utility have caused miserable situation for persons of every walk of live who have limited financial resources.

He said that compared to other countries in the region, the utility charges in Pakistan are the highest due to which the industrial production cost has gone very high making them uncompetitive which will ultimately affect our exports. Zubair Tufail said that good signals have started coming in with the arrival of Ishaq Dar as Pak Rs has established and dollar is expected to further down. The other challenges including trade deficit, shortage of wheat and particularly the expected gas crisis in coming will be overcome with the new policies of new Finance Minister.

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

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September 6, 2022

Khalid Tawab congratulates Sardar Shahid on being appointed as Chairman PRCS

Karachi, September 06, 2022 (PPI-OT):Khalid Tawab former senior vice president FPCCI and Chairman United Business Group (UBG) Sindh Region has congratulated Sardar Shahid Ahmed Laghari on being appointed as Chairman of Pakistan Red Crescent Society (PRCS) which is recognition of his long outstanding experience in the corporate and healthcare sector.

Khalid Tawab has assured full cooperation and support of his group to Sardar Shahid and hoped that PRCS which is a national humanitarian organization will be more active under his dynamic leadership and bring about all possible help to the vulnerable in a befitting manner who are suffering badly in recent flood in all provinces. Khalid Tawab also appreciated the commitment of newly appointed Chairman for expeditious efforts for rescue, relief and rehabilitation for the flood-hit population which is need of hour.

Khalid Tawab also hailed the activities and services Sardar Shahid rendered to business community which holds him in high esteem and expects that business community will donate more generously to PRCS with all confidence that their donations will be reach to welfare work and needy people.

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September 2, 2022

SPI food items be provided at affordable rates: UBG

Karachi, September 02, 2022 (PPI-OT):United Business Group (UBG) Patron in Chief SM Muneer, President Zubair Tufail, Chairman Sindh Region Khalid Tawab, Secretary General Sindh and Baluchistan Region Hanif Gohar and other leaders of UBG has urged Prime Minister M Mian Shahbaz Sharif to take immediate measures to provide relief to the masses as they were finding it difficult and almost impossible to meet both ends of their lives mainly due to the manifold surge in sensitive price indicators (SPI) which – according to Pakistan Bureau of Statistics (PBS) – increased to a record high,44.6% year-on-year basis during the week ended on August 25,2022. Prior to it the highest ever year- on- year increase in the SPI inflation @42.3% was recorded for the week ending on August 18 and 38.6% in the week ending on August 5, they elaborated.

According to the statement released by UBG’s central spokesperson Gulzar Feroze, the UBG leadership apprehended that the vegetable prices may further increase in the coming weeks mainly due to damage of standing crops, increase in demand-supply gap and a massive gradual hike in electricity rates to meet IMF conditionalities. Moreover, petrol and diesel prices would also be increased in the next quarter when the government, as announced in the budget, would revive Sales Tax on POL products as well as gradually impose a petroleum development levy.

The UBG leadership therefore proposed that the government should maintain equilibrium in the demand and supply of essential food items and for this purpose necessary arrangements be made, well in time including imports of food items from the competent countries to ensure availability of these items at affordable rates.

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August 29, 2022

UBG appeals to the government to announce a relief package to cottage sector, small and medium industry

Karachi, August 29, 2022 (PPI-OT):UBG appeals to the government to announce a relief package to cottage sector, small and medium industry and enterprises which are struggling for their survival. United Business Group (UBG) has made an appeal to the government to announce relief package of incentives to cottage sector, small and medium industry and entrepreneurs all over Pakistan which are facing severe economic crises due to devastating monsoon rains and floods.

According to the statement issued by the Central spokesman of UBG, Gulzar Feroze, UBG leadership said that the poor masses are badly in need of food and shelter. In initial estimates over more than 30 million people have been badly affected in the last few weeks and a national emergency has been declared. The efforts are being made to assess the gravity and extent of human losses and damage to infrastructure, agriculture, life stocks etc. While people of most of the rural areas of all provinces have been advised to evacuate their living areas which are under threat of floods.

UBG has said the situation is more worsen for the cottage sector and small and medium industry and enterprises due to short gas supply and long power breakdowns. It is worth mentioning that the prices of LPG have gone 35 percent high due to its high demand . The flight operations and train service to and fro most of the parts have been suspended due to which cargo movement has been badly hit.

In view of the current massive drastic situation inflicted by the national calamity the cottage sector and small and medium industry and enterprises may be facilitated by deferred payments of their utility bills of gas, power and water for minimum period of 3 months so that they may survive of these crises. UBG has also appealed to the government to facilitate cottage and small and medium industry and enterprises with interest free soft loans from SME bank on the recommendations of their trade bodies.

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August 22, 2022

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.

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August 22, 2022

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.

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August 17, 2022

UBG welcomes the message of Prime Minister for charter of economy

Karachi, August 17, 2022 (PPI-OT):The country is going through the most difficult economic crisis, the politician should forget their differences and come together to strive hard to pull the country out of economic crisis. This was stated by the SM Muneer, Zubair Tufail and other UBG leadership while welcoming the message of Prime Minister for holding national dialogue and develop consensus on a charter of economy by all the stake holders to transform Pakistan into economic power by addressing the country’s economic woes.

According to UBG’s central spokesperson Gulzar Feroze UBG further added that politics and business will survive only with the strength of Pakistan. The current government ever since came into power has been facing high debt, depreciating rupee and worsening inflation situation. The business community give the message of compact economy to all the political forces to manage the economy, the politicians should forget all the differences for the sake of the stability of Pakistan.

The leaders of the United Business Group (UBG) regretted that how long will we continue to depend on foreign aids. UBG leadership asked the political parties to fix the economy first, l as the common man is longing for bread, inflation is on the rise, the life of the poor has become more and more difficult.

It is, and now is the time that all the political parties of Pakistan should come together in consultation with the leadership of the business community and make a future economic plan, otherwise the problems of the common man will increase instead of reducing, which will make Pakistan the weakest. Our main combined goal is to make Pakistan economically strong, only then there will be politics and business in the country is possible.