LCCI hosts Young Entrepreneurs

Business Plan Competition

LAHORE (Staff Reporter): LCCI president Malik Tahir Javaid has said that economy is suffering because of lacking professionally skilled and competent manpower. The Lahore Chamber is working days and nights to fill this gap through productive activities like Business Plan Competitions. He was speaking at “Young Entrepreneurs Business Plan Competition” here at the Lahore Chamber of Commerce & Industry. LCCI senior vice president Khawaja Khawar Rashid, vice president Zeshan Khalil, Mian Shafqat Ali, Shahid Hassan Sheikh, Naeem Hanif and Faisal Iqbal Sheikh also spoke on the occasion. Malik Tahir Javaid said that it is prime duty of Chamber to promote business activities in the country and such program would help bring a positive change. He said that Chamber would continue to arrange Business Competition plans so that the industry can get professionally skilled human resources. He said that the idea behind the competition was to encourage the young graduates so that they can start their own businesses.

Khawaja Khawar Rashid and Zeshan Khalil said that the competition would also help students to interact with premier bodies of the business community like LCCI. They also thanked the leading businessmen who performed as jury of the competition.

Surgical goods, medical instruments worth $221.2 million exported

ISLAMABAD (APP): Surgical goods and medical instruments worth $221.298 million were exported in first seven months of current financial year as compared to corresponding period of last year. During the period from July-January, 2017-18, the exports of medical goods and surgical instruments grew by 15.27 percent as above mentioned commodities worth $221.298 million were exported as compared to exports of $191.979 million of same period last year. Meanwhile, cutlery goods valuing $52.200 million were exported in last seven months as compared the exports of $46.224 million, showing an increase of 12.93 percent during the period under review, said data of Pakistan Bureau of Statistics. During the period under review, country earned $615.824 million by exporting different chemicals and pharmaceutical products as compared to exports of $470.060 million of same period of last year, which was up by 31.1 percent.

In last seven months, exports of fertilizers grew by 100 percent as country earned $43.488 million by exporting about 198,214 metric tons of fertilizers manufactured as against the exports of the corresponding period of last year.

During the period under review, other chemicals valuing $313.04 million were exported as compared to exports of $217.690 million of same period last year, hence showing an increase of 43.78 percent.

On month on month basis, the exports of surgical goods and medical instruments also grew by 13.1 percent in month of January, 2018 as compared to same month of last year as medical goods and medical instruments worth $31.240 million were exported as compared to exports of 27.644 million of same period last year.

LPG sector witnessed over 134pc growth in last four years

ISLAMABAD (APP): The sale of LPG has increased from 502,232 metric tons (MT) to 1,176,496.47MT during the last four calendar years, showing a remarkable growth of 134.25 percent. “Total sale of the LPG was 502,232MT in the year 2014, which increased to 875,087 in 2015, 1,164,706MT in 2016 and 1,176,496.47MT in 2017. This sector witnessed remarkable growth due to effective policies of the present government,” chairman Liquefied Petroleum Gas Distributors Association of Pakistan (LPGDAP) told APP Monday while sharing official data. Giving further details, he said, local production of the commodity was 440,115MT in 2014, 629,509MT in 2015, 650,918MT in 2016 and 715,142MT in 2017, while its import gradually increased from 62,117MT to 461,354.47MT during the period under review. Answering a question, he said the government had successfully brought down and maintained the LPG prices between Rs 80 and 100 per kilogram during the last four and half years.

, which was earlier being sold at Rs 350 and Rs 400 per kg in different parts of the country.

Khokhar said the association would hold the 3rd international conference on March 11 in Lahore for promotion of the LPG sector.

Among others, the moot would be attended by delegates from abroad and across the country including LPG importers, distributors, marketing companies, cylinder manufacturers and regulators besides senior officials of the concerned departments.

Khokhar said participants of the conference would deliberate on a host of issues being faced by the LPG sector including the commodity's import and measures to prevent production of sub-standard cylinders by illegal factories.

Stakeholders discuss off-season,

pre-season management of cotton crop

MULTAN (APP): Cotton stakeholders met here on Monday and discussed off-season and pre-season management of cotton crop for enhanced production. The meeting was chaired by director pest warning and quality control of pesticides, cotton zone, Chaudhry Muhammad Farooq, at Mango Research Institute, says an official release. Chaudhry Farooq said that campaign to manage cotton sticks was being expedited to kill pink bollworm. He, however, appealed all the stakeholders to cooperate with the officials in this campaign so that pink bollworm or its Pupae get killed either by lack of food or by rising temperature before the cotton sowing. He said that off-season cotton management had showed good results last year and added that PCPA, CropLife, APTMA, PCGA and farming community were extending full support to government's cotton management plans. He said that ginning factories and oil mills were ensuring proper disposal of cotton waste.

Director agriculture extension Rana Ahmad Munir said that officials were giving guidelines to farmers on pre-season and off-season cotton management plans under his own supervision.

PCPA representative Asif Majeed said that private sector stood shoulder to shoulder with the government for success of the cotton management campaign for welfare of farmers and to protect national interests.