Tusdec awards contracts for social mobilisation in KP, FATA

LAHORE (APP): TUSDEC has awarded contracts to the selected NGOs across KP for social mobilization of local communities. These contracts were signed under a project financed by the Delegation of European Union to Pakistan for Supporting TVET Sector in Pakistan especially in KP & FATA. The collaborations with local NGOs/CBOs have been made to enable the opportunities of economic mainstreaming for the socially marginalized strata residing in the rural terrain of KP and FATA. After the successful execution of the first phase, the agreement will facilitate in scaling up the TVET programme to second phase ensuring maximum outreach in KP and FATA.

The company source shared that TUSDEC has adopted a competitive, open and transparent selection process inviting interested NGOs/CBOs for the mobilization of community through nation-wide print campaign. He further shared that an overwhelming response was received and 13 NGOs were underscored for further evaluation in terms of legal capacity, experiential profile and outreach etc. At the culmination of painstaking inspection, 04 NGOs/CBOs have been chosen to run the second phase of the programme. The selected NGOs/CBOs for the mobilization services are FORD, WASFD, IRUP and HOPE. The contracts have been signed at TUSDEC Peshawar office in the presence of representatives of NGOs/CBOs. The engagement of CBOs/NGOs has set-forth the basis for an absolute implementation of the four years EU funded programme delivering to its objectives. At the programme conclusion, 12000 men and women from KP and FATA will be equipped with employable skills. The programme will also aid in projecting the overall representation of technical and vocational education as an equally coveted path towards a reputable vocation.

Pak, China entrepreneurs explore business

ISLAMABAD (NNI):  Shakeel Munir, Acting President, Islamabad Chamber of Commerce & Industry hosted a dinner in honor of 8 members delegation of Chinese entrepreneurs of Anhui Province and Tianjin city. Ashfaq Hussain Chatha Vice President ICCI, Abdul Rauf, Chairman Founder Group, Munawar Mughal, Vice President FPCCI, former Presidents ICCI including Tariq Sadiq, Mian Akram Farid, Mian Shaukat Masud and a large number of local business community attended the dinner. The event provided a good opportunity to the businessmen of both countries to hold direct talks with each other and explore opportunities of business collaborations in areas of mutual interest.

Speaking at the occasion, Muhammad Shakeel Munir, Acting President, Islamabad Chamber of Commerce and Industry said that Pakistan-China Economic Corridor and cooperation in many other areas were the hallmarks of stronger Pak-China friendship, which will continue to enhance cooperation in energy, trade and economic development.

He said it was encouraging that during the recent visit of Mian Muhammad Nawaz Sharif, Prime Minister of Pakistan to China, both countries signed 19 agreements and MoUs in various fields and hoped that implementations of these agreements would further strengthen the bilateral ties between Pakistan and China yielding highly beneficial results for both nations.

PTA raided 14 illegal gateway exchanges in differnt cities

ISLAMABAD (APP): PTA has conducted 14 successful raids in a day in different areas of Multan, Bahawalpur, Rawalpindi and Lahore. 10 successful raids against the grey operators were carried out along with FIA team at Multan, two successful raids were carried out at Bahawalpur, one raid at Rawalpindi and one raid was carried out at Lahore 19 persons were arrested and being interrogated by FIA. The successful raids against the grey operators were made possible because of continuous monitoring, commitment and persistent efforts by PTA in curbing the menace of grey traffic, thus curtailing the loss to the national exchequer because of grey traffic and grey traffickers in the country.

International job fair in Feb

ISLAMABAD (PR): The first international job fair will be held at Pak China Friendship Centre in Islamabad on February 21 & 22, 2015. Many representatives of different companies of UAE, which want to recruit full time professionals, will attend this two days event. The job fair includes organizations from a diverse group of industries & institutions operating in the UAE, including finance, consulting, consumer goods, media, marketing, advertising, and many more, looking to fulfill their immediate and long term human resource needs. This event will bring together employers & employees under one roof with a vast array of professional opportunities to be filled. The versatile requirements of the international employers provide an unparalleled opportunity to those seeking jobs.

Oil prices down in Asian trade

SINGAPORE (AFP): Oil prices fell in Asia Wednesday as dealers await the latest US supply report for clues about production levels, while weak Chinese and German trade data also weighed, analysts said. US benchmark West Texas Intermediate for January delivery slipped 86 cents to $62.96 while Brent crude for January was down 81 cents. “With the global supply glut, the main concern at the moment is the level of production in the US,” Daniel Ang, investment analyst at Phillip Futures in Singapore, told AFP. “The US stockpiles report will be in focus to see if there is any change in production growth,” he said. Analysts surveyed by The Wall St Journal said they expected domestic inventories to have fallen by 2.7mb in the week to December 5.

Industry group the American Petroleum Institute in its own survey, however, predicted stockpiles had risen by 4.4 million barrels.

It also said refinery operations likely increased 1.6 percentage points to 94.6 percent of capacity.

The Department of Energy will release the official stockpiles report later Wednesday.

The department on Tuesday modestly reduced its 2015 US oil production forecast to 9.3 million barrels per day from the previous 9.4 million estimate.

Ang said German and Chinese trade data this week “have shown signs of dropping global demand and put pressure on oil prices”.

German exports slipped 0.5 percent month-on-month in October, while imports fell 3.1 percent. That came a day after China said exports grew just 4.7 percent year-on-year in November and imports dropped 6.7 percent.

Trade figures out of Germany and China, both manufacturing giants, are closely watched for their impact on crude prices, especially the more international Brent contract.