FWCCI, ORIC to conduct survey to

identify market-driven skills

FAISALABAD (Staff Reporter): Roadmap of Faisalabad Women Chamber of Commerce & Industry (FWCCI) has focused on female SME sector, said Rubeena Amjad, president of FWCCI. During a meeting with Dr Khurram Zia, Director ORIC (Office of the Research, Innovation and Commercialization) here, she said that FWCCI will conduct a comprehensive survey of girls schools particularly in Peri-urban areas in collaboration with ORIC. The objective of this survey is to identify the market driven skills which could be imparted to the girl students of the suburban schools so that they could start their own businesses immediately after completing their education. She said that organic farming is very popular all over the world and our women should also exploit its potential to earn profit in addition to entering in the field of exports. She said that there is dire need of value-addition in agricultural sector and young girls must come forward to process and export their own branded products to international markets.

Regarding first Entrepreneur Festival Faisalabad (EFF) 2018, she said it was a unique experience for the young female entrepreneurs to showcase their products. However, she said that FWCCI is actively considering a proposal to educate girls to learn the basic norms of entrepreneurship to become successful entrepreneurs.

Mrs Amjad said that she also intends to work for the education and health of children with a focused approach on young girls.

Director ORIC also appreciated the successful entrepreneurship festival held on January 19 in University of Agriculture Faisalabad (UAF). He said it helped to integrate the entrepreneurs in addition to sharing the basic facts about the skills of our entrepreneurs who are producing unmatched handicrafts without any technical or financial support.

He was also appreciative of the efforts of FWCCI and Faisalabad Chamber of Commerce & Industry (FCCI) who are bridging gap between manufacturers and end consumers.

He said that they have played a role of catalyst to inspire entrepreneurs to improve the quality of their products in addition to producing new and innovative products.

Dr Khurram Zia also suggested a social integration program. In this program, the experts will impart young girls with necessary skills which are badly needed in suburban areas of Faisalabad like Munnia Wala and Gatwala.

Later, he also presented a shield to President FWCCI in recognition of her services for the uplift of female entrepreneurs.

 Business leaders demand separate amnesty schemes for local and foreign Pakistanis

ISLAMABAD (INP): Muhammad Naveed, senior vice president of Islamabad Chamber of Commerce and Industry, has called upon the government to focus on introducing separate tax amnesty schemes for local and foreign Pakistanis that would enable them to declare their hidden assets and bring more capital within the country for business and investment activities. He said Pakistan was facing record high trade deficit while the exports of the country were not improving for the last many years due to which the financial resources of the country were under great pressure. In these circumstances offering attractive amnesty schemes to local and foreign Pakistanis could be a good move to declare hidden assets and bring more capital in the country to improve the economy. He said such amnesty schemes will also promote documentation and contribute to broaden the tax base of the country as well. Muhammad Naveed said that in Pakistan tax rates were quite high which were discouraging tax culture in the country.

He stressed that in the forthcoming budget, government should reduce tax rates to single digit level that would help in promoting tax culture, expanding tax net and improving tax revenue of the country as with reduced tax rates, people would willing pay tax to the national exchequer. He said government should also bring tax reforms to make taxation system of the country simplified and easy to comply for a common taxpayer.

Australia partners with Fauji Foods to set up milk collection centres in Punjab

ISLAMABAD (NNI): The Australian government-funded Market Development Facility (MDF) and Fauji Foods Limited signed a partnership on Tuesday to establish 20 milk collection centres in rural Layyah and Muzaffargarh, southern Punjab. Australia’s High Commissioner to Pakistan Margaret Adamson joined Managing Director and Chief Executive Fauji Foods General Javaid Iqbal (HI) at a signing ceremony at the Fauji Foods factory in Bhalwal. High Commissioner Adamson welcomed the joint investment by Australia and Fauji Foods which will expand Pakistan’s formal milk procurement network and increase incomes for smallholders. Extending the commercial network for milk procurement will help to address Pakistan’s annual milk supply-demand gap of 3.5 billion litres.  The milk collection centres will also deliver critical information to farmers on best practice in milking, vaccination and animal husbandry.

 “Australia is pleased to be working with Pakistan’s progressive private sector to drive economic growth and assist Pakistan’s efforts to alleviate poverty,” Ms Adamson said.  “By connecting smallholders with commercial markets, the milk collection centres will attract better quality milk and provide a better rate for farmers for their product,” she said.

Gareth Bayley calls on Miftah Ismail

ISLAMABAD (NNI): Adviser to Prime Minister on Finance, Miftah Ismail received British Prime Minister’s Special Representative for Afghanistan and Pakistan, Gareth Bayley for a meeting here on Tuesday. British High Commissioner, Thomas Drew accompanied the visiting dignitary on the occasion. Matters related to Pak-UK bilateral relations and activities of DFID in support of government’s development plans and programmes were discussed during the meeting. Regional economic integration and cross border cooperation in the areas of trade and development also came under discussion. Adviser Miftah Ismail informed Gareth Bayley about the priorities of the government and stated that the PML-N government had made significant progress in the last four and a half years in the areas of peace & security, economic stability, energy sufficiency and social protection. He said that in the remaining part of the tenure, the government would try to consolidate the economic gains made in the last four years and the reform process would continue during this period.

He added that despite challenges the economy was moving forward on the path of inclusive growth and government was determined to achieve 6% growth target in 2018. He also made special mention of growth in revenue collection and said that further reforms in tax administration are a priority. Gareth Bayley assured the Adviser of the support and cooperation of the government of UK for economic reforms as well as for regional cooperation initiatives.