‘Pak, Turkish edu cooperation imperative’

ISLAMABAD (NNI): The cooperation between Pakistani and Turkish educational institutions is imperative and Turkey is mulling to open an Islamic university similar to the International Islamic University, Islamabad (IIUI). This was said by Turkish Religious Affairs President Mehmet Gormez during his visit along with Turkish Ambassador Babur Girgin and other delegation members to IIUI. The delegation met with the IIUI Rector Dr Masoom Yasinzai and later with IIUI’s vice presidents, deans, director general and other high officials. “IIUI is an eminent asset of Muslim world, its alumni have proved its caliber and lofty goals across the world,” said the Turkish head of Religious Affairs. He said, “Universities of Turkey and Pakistan should focus keenly on expanding mutual cooperation.” “This cooperation could be a pathway to solution of Muslim’s issues,” he added. Dr Masoom apprised delegates about the university and said corruption and terrorism are leading global challenges which can only be defeated through education.

“Universities can pay vital role in eradication of violent attitudes,” he added.

PCJCCI conducts Chinese language test

LAHORE (APP): The Pak-China Joint Chamber of Commerce and Industry (PCJCCI) is excelling in Chinese language teaching by successfully conducting second phase of Level 1, 2 and 3 of HSK-Chinese language proficiency test held at Kids Galaxy School where almost 200 students appeared for the examination. The chamber officials said here Sunday that HSK-level, an official examination was conducted by Confucius Institute under the auspices of Chinese government to gauge the proficiency level of Chinese language. It was explicated that the test held great importance in Chinese language learning, and it was basically an evaluation test directly conducted with the involvement of Chinese government. It was worth mentioning that after qualifying level 4 of HSK, the students would become eligible to work as an interpreter or an independent Chinese language instructor. On the occasion, PCJCCI President Wang Zihai delivered a motivational speech to students. He encouraged the students for their hard work and enthusiasm.

He said that the ability to speak Chinese language would enable them to automatically connect with a 5000-year-old history and civilisation of the world, and in the present cultural and trade harmonization process between Pakistan and China, it was need of time to bridge communication gaps on priority, he added.

PEW urges govt to patronise dairy sector

ISLAMABAD (INP): The PEW on Sunday asked the govt to promote dairy sector which has great potential. The government should streamline the informal dairy sector so that it can play more effective role in the economy and fulfill the needs of increasing population, said PEW President Dr Murtaza Mughal. The dairy sector has huge potential but it is stuck in problems and operating mostly in informal sector, he added. He said that despite lack of the govt support, Pakistan is the world’s third largest milk producer with over 54b litres of production but only three to five percent of the output is marketed through formal channels. The remaining milk is provided to consumers by locals catering for their needs but with no assurance regarding hygiene which has provided an opportunity to the processed milk sector to attract millions of customers in urban centres, he added. Dr Murtaza said that it will take years for the formal sector to grab ten percent share in the market as around ten million families are linked to the milk business with a minority having big farms.

He said the dairy sector contributes more than the crop sector but policymakers have always remained concerned about the later ignoring the growing dairy sector, adding that policy interventions for dairy development have been few.

The interest of investors has vanished resulting in little investment in dairy farms due to some issues linked to the authorities which should be noticed as growing population needs more milk.

UBG seeks special incentives for SME sector

ISLAMABAD (INP): The United Business Group (UBG) of FPCCI on Sunday said that it will push the government to take steps for rapid development of the SME sector. The government will be asked for special incentives to revive the SME sector which is backbone of the economy, said UBG’s candidate for the slot of FPCCI president Zubair Tufail. While talking to the business community, he said that the SME sector has 40 percent share in the GDP, while it is responsible for 30 percent exports as it is employing millions of people. He said that among 3.5 million SMEs in the country, 65 percent are located in Punjab while slightly over 2 percent are in Balochistan which can be balanced through policy interventions. Law and order, energy crisis, lack of regulatory support, incoherent laws, deficiency of market information, scarcity of skilled labour and need of finances are the main reasons behind lackluster performance of SME sector, he said.

The business leader said that high ratio of defaults has compelled lenders to rethink SME financing which requires attention of policymakers.

He noted that textile and garments sector has emerged as biggest defaulter which failed on 50 percent of its financial obligations which is disturbing. The UBG leader called for reviving textile and garments sectors which is steadily going down due to stiff competition with China, India, Bangladesh and Vietnam.