Tevta signs MoU with FPCCI

Lahore (Staff Reporter): TEVTA has signed a MoU with Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Pakistan Steel Melters Association (PSMA) for training manpower in Steel Melters industry. The MoU was signed by TEVTA Chairperson Irfan Qaiser Sheikh and Regional Chairman FPCCI Mian Rahman Aziz and Pakistan Steel Melters Association Mian Tariq Iqbal here on Tuesday at the Regional Office of FPCCI. Representatives of FPCCI and PSMA, including Mian Rahman Aziz Chan, Syed Aasim Shah, Hameed Akhtar Chadda, Mian Iqbal Tariq, Maj ® Mansoor, Muhammad Saeed, Jalilur Rahman and others attended the meeting. Irfan Qaiser Sheikh said that the MoU was aimed at providing trained manpower for steel melters industry. “Short courses of 3 months including Operators (Induction furnaces) Technicians Electrical and Mechanical (for repair and maintenance) will be started, specifically for steel melters in Lahore and other cities of Punjab in general at TEVTA institutes,” he said, and added,

“These courses will start in Lahore as a pilot project and after successful completion it will be launched in other cities also.

Wapda, KP govt ink agreement to

purchase land for Dasu dam

ABBOTTABAD (APP): Commissioner Hazara Division Muhammad Akbar Khan on Tuesday said that Dasu Hydro Power Project would help in reducing loadshedding in KP and other parts of the country. He said this while addressing the signing ceremony of MoU for the purchase of land between provincial government of KP and Wapda officials for Dasu dam. M Akbar Khan further said Dasu Hydro power project is project of national importance, its earliest completions would benefit the whole nation and provide huge opportunities of development for Kohistan district. This agreement would speed up the acquisition of land for dam, the commissioner said. He also directed managing director Dasu hydro power project to include development project of Kohistan district in this mega project. While addressing the ceremony, General Manager Dasu hydro power project assured that there would also be started different welfare projects including roads, health, education and clean drinking water on priority in the region.

PCAA urged to ensure equal cargo charges across Pakistan

LAHORE (APP): Lahore Chamber of Commerce & Industry (LCCI) Tuesday urged Pakistan Civil Aviation Authority to impose equal cargo throughput charges across the country as disparity of rates among provinces was hampering business activities of importers of Lahore. Lahore Chamber's Vice President Nasir Saeed made this demand in a meeting with CAA Director (Commercial and Estate) Karachi, Alqera Atiq here at the LCCI. Chamber's Executive Committee members were also present in the meeting. Nasir Saeed said there should not be any discrimination in the cargo throughput charges in the country as it was a federal tax. Giving an overview, he said from Lahore airport, per kilogram rate for USA is Rs 55, Dubai and China Rs 30, Korea and Japan Rs 45, and Europe/UK Rs 50, while rate for same destination from Karachi and Islamabad airports range from Rs 23 to 45. This would left importers of Lahore with no other option but to shift their businesses from Lahore.

Vice President said copy of contract between PCAA and Contractors should be made available to Customs Clearing Agents Association, Importers and all Chambers of Commerce and Industry.

He said computerized bills should be generated instead of issuing manual invoices.

He suggested that list of cargo throughput charges' rates should be made available to all the stakeholders, besides sharing formula/computation of charges with stakeholders.

He said cargo throughput charges should be imposed at standard rate of two percent instead of five percent in case of same day clearance, adding the cargo throughput charges should be calculated electronically on the basis of actual weight break through an automated system by PRAL, and PCAA should act as a collecting agency only.

He said airlines increase their tariff during export seasons (like mango export season), this was unethical and should be dealt strictly, as this practice was badly hurting exports.

After listening to the business community's narrative, the PCAA Director Alqera Atiq assured that genuine reservations of business community would be addressed on priority.

He said he had visited LCCI second time on the instructions of high-ups with the clear instructions to facilitate business community.

Production of buses and trucks up by

86pc, 37pc in 11 months

ISLAMABAD (APP): The production of buses and trucks increased by 85.79 percent and 37.11 percent respectively during the first eleven months of the fiscal year 2015-16. As many as 994 buses were manufactured during July-June (2015-16) compared to the production of 535 units during July-June (2014-15), according to PBS. Similarly, the production of trucks was recorded at 5,065 units during the period under review compared to the production of 3,694 units during the corresponding period of last year. On year-on-year basis, the production of buses and trucks during the month of May 2016 increased by 113.33 percent and 8.50 percent respectively compared to the same month of last year. As many as 128 buses and 587 trucks were manufacture during May 2016 compared to the production of 60 and 541 units respectively in May 2015. Meanwhile, during July-May (2015-16), the production of jeeps and cars witnessed growth of 21.57 percent in production compared to the corresponding period of last year.

As many as 168,363 jeeps and cars were manufactured during July-May (2015-16) compared to the production of 138,490 units during July-May (2014-15), showing a surged of over 21.57 percent.

The production of Light Commercial Vehicles (LCVs) also witnessed positive growth of 35.65 percent by going up from the output of 24,794 units during last year to 33,632 units during the current year.

The production of motorcycles increased by 16.65 percent during the period under review. The production of motorcycles stood at 1,873,491 units during the first eleven months compared to the production of 1,606,075 units during the corresponding period of last year.

However, the production of tractors during the period declined by 30.84 percent by going down from the output of 45,332 last year to 31,350 this year.

Meanwhile, on year-on-year basis, the production of jeeps and cars witnessed negative growth of 4.59 percent by going down from the production of 15,890 units in May 2015 to 15,161 units in May 2016.

The production of LCVs declined from 3,599 units during May 2015 to 2,114 units during May 2016, showing negative growth of 41.26 percent.

The production of motors cycles increased by 11.35 percent during May 2016. The production of motorcycles in May 2016 stood at 181,358 units compared to the production of 162,868 units in May 2015.

The production of tractors increased by 14.34 percent in May 2016 during which the output was recorded at 4,735 units compared to the production of 4,141 units in May 2015, the PBS data revealed.

Meanwhile, the overall Large Scale Manufacturing (LSM) sector has witnessed growth of 3.45 per cent during the first 11 months of the year 2015-16 as compared to the corresponding period of last year.

The Quantum Index Numbers (QIM) of large scale manufacturing industries was recorded at 132.80 points during July-May (2015-16) against 128.37 points during same period of last year, according the data of Pakistan Bureau of Statistics (PBS).

The highest growth of 2.21 percent was witnessed in the indices monitored by Ministry of Industries followed 1.24 percent increase in indices of Provincial Bureaus of Statistics (PBOS) while the indices of Oil Companies Advisory Committee (OCAC) decreased by 0.003 percent.

On year-to-year basis, the industrial growth however decreased by 1.49 percent during May 2016 as compared to same month of last year while on month-to-month basis, the industrial growth decreased by 3.47 percent during May 2016 when compared to growth of April 2016, the data revealed.