TDAP sending pharma trade team to Vietnam, LaosKarachi (Staff reporter):The TDAP in coordination is sending an eleven members pharma trade team to Vietnam, Cambodia & Laos.  Rabiya Agha Javeri, Secy TDAP has issued specific instructions to explore export potentials in new markets. TDAP has made very effective arrangement for interaction meetings of the delegates with the trade associations/ chambers/ buyers in three countries as well as for provision of logistics, interpreters and transportation facilities along with leaflet on delegates / company profiles for distribution in these places during B2B meetings.The delegation consists of eleven Pakistani companies dealing with a wide range of medicines, nutritional supplements, tablets, antibiotic medicines (Analgesics, Anti-diabetics, Anti-ulcers, Anti-allergies), herbal medicines, eye-drops, ophthalmic preparations, intravenous infusion/ dialysis solutions, calcium, vitamins, and syrups.

 

47 candidates file nominations for LCCI pollsLahore (Staff Reporter): A total of 47 candidates, including one seat reserved for women, Wednesday filed their nominations for forthcoming LCCI Polls. 21 candidates filed papers for Corporate Class while 26 submitted nominations for Associate Class seats. Secretary General LCCI Syed Muhammad Saqlain received the nomination papers. Final list of candidates will be issued on September 19 while polls for Corporate and Associate Class will be held on September 23 and 24 respectively.

 

Rain losses: Reap foresees hike in Basmati rice rateKarachi (Staff Reporter):Jawed Ali Ghori, chairman of REAP, has shown serious concerns over the damage of rice crop in Pakistan due to the heavy rains and excess water released by India into Pakistani rivers. He said that flood water mainly hurt rice crops in Punjab province and approximately 10% rice crops have completely washed out. He elaborated that particularly Basmati rice crops faced a huge losses and we are likely to face a price hike of up to 20% in local markets for Basmati rice which will definitely affect the overall cost and the export of Basmati rice will have to face serious threats.He briefed that flood water and heavy rains hurt particularly the areas of Kamoke and Muridke, as the 50 – 56% standing rice crops have washed out, whereas in Sialkot area there is around 10-12%, in Narowal 10-15%, in Pasroor 20%, in Narang Mandi 15%, in Hafizabad 5-7%, in Jhang area 15-20% and in Chiniot 10-15% ready crops of rice have been damaged.Chairman REAP urged the Government of Pakistan to take immediate measures to uplift the losses of rice crops and resolve the after effects of grain losses to growers and other stake holders. He further said that every year, we have to face such disastrous situation and requested the government to take preventive measure to avoid such incidents in future.He alerted that after the crops losses, chances for dumping of basmati rice will be increased in Punjab and artificial price hike will hurt the rice export industry, therefore, government must take steps to safeguard rice industry.

Proctor & Gamble, Nimir sign agreement Lahore (Staff Reporter): Nimir Industrial Chemicals Limited has signed an agreement with Proctor & Gamble Pakistan and other leading soap manufacturers of the country according to which P&G and other companies would buy soap noodles and other chemical products of their requirements. These agreements would ensure guaranteed sales of the products being produced by Nimir hence ensuring better profitability of the company.  Nimir Industrial Chemicals is working on the expansion plan that would double its production capacity. Industry sources informed today that Nimir has bought a used plant from Oman for which it has already opened letter of credit last week. Sources said that dismantling of the plant has already been started in Oman to be shipped to Pakistan.

Nespak uses standard method for property valuation Lahore (Staff Reporter):The property valuation services by the NESPAK has been providing for the last 23 years to the entire satisfaction of its clients.  Recently an impression of doubt is being created concerning competence and fairness of NESPAK in rendering property valuation services for its clients. In the wake of such concerns, property valuation provided by NESPAK are strictly in compliance with the agreed Terms of Reference and are based on thorough professional input of its Valuation Team using standard valuation methodology without any favour. whatsoever to any of the concerned Parties involved. NESPAK is fully capable of producing fair property valuations which it is able to defend at any forum.

 

NIP to focus on industrial  growth thru industrial parksKarachi (Staff Reporter): National Industrial Parks Development & Management Company Chief Executive Officer Mohsin Syed has said NIP established to develop focused industrial growth in Pakistan by developing world-class industrial parks all over the country.During his visit to Karachi Chamber of Commerce and Industries, he apprised that NIP aims to support rapid industrialisation in the country by establishing new industrial parks and take necessary steps in attracting industrialists for setting up their businesses in the industrial parks.He invited KCCI president Haroon Agar to compose a delegation to visit Korangi Creek and Bin Qasim Industrial Park.NIP is also promoting interaction between the industrialists and the government so to create an overall conducive industrial environment and provide a platform and act as a catalyst for industries to increase productivity.He informed that all the industrial parks are power loadshedding free having their own power generation facility. So far six industrial parks were existing including Korangi Creek and Bin Qasim in Karachi, Khairpur special zone in Sindh, and Rachna industrial park and Marble City in Risalpur. He highlighted that the industrial parks were developing as Special Economic Zones which are planned to be connected with all major cities of Pakistan via Railway link. The ownership of land is maintained with the province while the industrial parks are being operated by NIP.While exchanging with Mohsin Syed KCCI’s President Muhammad Haroon Agar has emphasised that industrialisation and enhancing exports is the imperative solution to uplift the economy. He stated that the present seven industrial zones in Karachi lack infrastructural facilities of proper roads, railway linkage and other basic amenities like energy, gas, water etc. The industrial policy framework should focus on improving industrial competitiveness, especially with regard to industrial enterprises be they small, medium or large. It is generally acknowledged that the Government cannot fully control industrial development nor can it be involved in direct productive activities. He stated that diversification of economic activities and industrial production is crucial. Major constraints and impediments to industrial development such as, administrative bottlenecks relating to the provision of government services, red tape and time delays, tax administration, commercial laws, labour relations etc. must be controlled. He appreciated establishment of Korangi Creek and Bin Qasim Industrial Parks in Karachi.