‘Plasti&Pack’ attracts over 200 local and int’l firms

LAHORE (PR): Despite prevailing situations; the 12th International Exhibition of Plastic, Printing & Packaging: PLASTI & PACK and 11th International Exhibition of Food & Beverage Processing & Packaging IFTECH FOOD + BEV TEC, was inaugurated at Lahore Expo Centre on Thursday.

The ribbon cutting ceremony was held Thursday by Sher Ali Khan, Minister of Mines & Minerals, Government of Punjab.

The show offers latest in plastics, printing & packaging materials and machinery for all manufacturing and processing industries along with food ingredients & chemical products.

The exhibition has gathered more than 200 local and international companies from around 23 countries which includes major participation from  Canada, China, Germany, USA, UK, Italy, Spain, Turkey; UAE, Hong Kong, Malaysia, Belgium, Austria, Sweden, Luxemburg, Japan, Singapore, Taiwan, Switzerland & Netherland.

“We see lots of potential of these kinds of B2B, (Business to Business), exhibitions in the country”, he said. “The concern industries’ International & local participation even in this prevailing situation indicates the seriousness of the business community “, he further added. Later on, Punjab minister visited the exhibition and took keen interest in the product technologies and service of the exhibiting stall holders.

President Lahore Chamber of Commerce, Sohail Lashari, guest of honor of the exhibition also graced the occasion with his presence and visited various stalls. He said, “The exhibition is building a great image of Pakistan and the presence of huge foreign participation is the indicator of the upcoming foreign investment in the country”.

College of Tourism & Hotel Management,(COTHAM) in collaboration with Chefs Association of Pakistan is having a demonstration of culinary arts & hospitality management skills, they will also be having a food competition during the three days of the exhibition.

Medical allowance of CAA

retired officers increased

LAHORE (PR): Pakistan Civil Aviation Authority has decided to increase the medical allowance of retired officers; retired officers will now receive additional 20pc of pension as medical allowance. Whereas, retired CAA employees are presently getting Rs 1000 as medical allowance.

Director General CAA Air Marshal (r) Muhammad Yousaf announced an increase in medical allowance at an event held at Civil Aviation Authority Officers Club, organised by Civil Aviation Authority Retired Officers Welfare Association. DG CAA, Director Finance Amir Habib Sikandar, GM accounts and a number of CAA staff and retired CAA officers attended the event.

DG CAA said that formation of CAA Retired Officers Welfare Association is worth praising and also added that this platform must not only help in solving the issues of retired officers but must also play a vital role in bridging the gap between serving and retired officers. Pakistan Civil Aviation Authority Retired Officers Welfare Association’s President Issa Raza thanked DG CAA for raising the medical allowance of CAA retired officers.

Small business and carbon accounting – going green brings benefits

LAHORE (PR): Guidance for accountants advising SMEs (small and medium sized enterprises) about establishing and operating carbon accounting, and the associated tax advantages, has been published by ACCA (the Association of Chartered Certified Accountants).

The Technical Factsheet number 190 includes details on carbon accounting – or greenhouse gas accounting – which measures the environmental performance of a business so that targets can be set and reductions achieved for environmental impacts.

David York, technical expert at ACCA, says: “This briefing can be used by accountants who advise SMEs, or those employed in small businesses or charities who want to adopt aspects of sustainability reporting. But it is also a good read for those SMEs looking to adopt such practices as it explains the technicalities in an accessible way.” The factsheet focuses on a simple form of carbon accounting that is suited to entities with turnovers up to £7 million; this includes companies of all types, charities, partnerships and sole traders.

David York says: “This form of carbon accounting has been chosen because it is potentially accessible to all, so that businesses are not deterred by either the amount of time it will take to complete the carbon accounts, or the complexity of the process.

 This increases the likelihood that carbon accounts will be prepared and used as a way to assist in reducing carbon emissions.”

York explains further: “There are many ways in which small businesses and other organisations can improve their environmental performance. By taking simple and consistent reporting measures, setting targets and reducing impacts small entities can ‘go green’ without attracting the tag of ‘green wash’. Smaller businesses considering the environment will benefit themselves, their stakeholders and the wider environment: a real win-win.”

Concluding, David York says: “But SMEs may well ask ‘why should they do this?’ when it is not mandatory. There are four clear reasons - protecting our environment, business growth, cost savings and ultimately happy stakeholders. Hopefully this practical factsheet, developed in conjunction with Green Accountancy, will help owners, managers and adviser of SMEs to understand these reasons for carbon accounting.”