PLRA signs MoU with 15 banks

 LAHORE (Staff Reporter): The Punjab Land Record Authority has signed MoU with major 15 banks to give them access of its data so that citizens could be provided facilities of getting ownership deed (Fard) and other land related matters through all banks. The signing ceremony was held here on Tuesday. Director General Punjab Land Record Authority Caption (r) Muhammad Zafar Iqbal was the chief guest. While addressing the ceremony, he said that the agreement between Punjab Land Record Authority and Banks augers well and implementation of these agreements will expand the scope of services and the people will be facilitated in getting their documents of their land. He said that the Punjab government has taken a revolutionary measure by computerising the land record of rural areas and now a program has been evolved to computerize ‘gardwari system’. Moreover, he said that Punjab Land Record Information Management System is fully operational in 143 tehsils of the province and Khidmat centres are providing facilities to the people.

He said that there is rush of the people at the Khidmat centres therefore decision has been taken to outsource it and the agreement with the Banks is a head-start in this regard. He said that farmers will get exceptional benefits as a result of outsourcing additional load.

 Seminar on E-payment facility in WeBOC

 LAHORE (Staff Reporter): A seminar on “E-payment Facility in WeBOC” was held at the Lahore Chamber of Commerce & Industry. The seminar was jointly organised by the LCCI and Directorate of Reforms & Automation, FBR. LCCI President Malik Tahir Javaid, SVP Khawaja Khawar Rashid, Vice President Zeshan Khalil, Collector Appraisement Jameel Nasir Khan, Director Reforms Wajid Ali, USAID Representative Hassan Saqib, former LCCI Vice President Aftab Ahmed Vohra and various other experts spoke on the occasion. The participants of the seminar welcomed the Director General of Reforms & Automation, Karachi for awaring the business community about the newly developed E-payment Module which will be formally launched at the end of January-2018. They said that joint initiative by the LCCI and Federal Board of Revenue will help understand entire process of E-payment in WeBOC. Malik Tahir Javaid said that the Lahore Chamber has been making persistent efforts to make the govt realize that it is the need of the hour to revamp the whole taxation system.

 New law in the offing for effective resolution of trade disputes

ISLAMABAD (APP): The Trade Dispute Resolution Organisation (TDRO) on Wednesday gave a detailed presentation on the draft law of Trade Dispute Settlement Act which envisaged formation of a Trade Dispute Resolution Commission (TDRC) that would work under the administrative control of Ministry of Commerce. With same powers as vested in a civil court for swift and effective resolution of disputes relating to the export and import of goods and services including import and export through e-commerce, an ICCI statement said. Speaking at the occasion, TDRO Executive Director General Sajjad Hussain said that the purpose of drafting a law on trade dispute settlement was to provide for the establishment of a comprehensive regime in Pakistan for the swift and effective resolution of trade disputes. He said that making such law was of paramount importance for better promotion of trade in Pakistan, protection of all trading interests and improvement of Pakistan’s standing internationally.

He said that the law would help in efficient and effective resolution of international trade disputes through negotiations, mediation, arbitration, determinations, alternative dispute resolution mechanisms and referral of disputes to commercial benches that would be set up under the proposed commission.

PFC delegation leaves for Spain to boost Pak furniture exports

LAHORE (INP): Pakistan Furniture Council (PFC) high level delegation left for Spain to explore new vistas in furniture sector besides strengthening existing bilateral trade relations with their counterparts in furniture industry during business to business contacts. According to a message received here, PFC Chief Executive Kashif Ashfaq said that there as great potential in furniture sector in Spain and stressed that PFC will focus on promoting exports of furniture accessories to further improve bilateral trade volume with Spain. He said that the trade volume between the two countries has crossed the $2 billion mark annually, pushing economic ties in a positive direction. He said that in Pakistan most of the furniture is hand-made but still it is very cheap and could be marketed in EU countries at a high price. He said that Spain was located at a strategic location in Europe and Pakistan should develop close cooperation with it to get better access to the European market.

Promoting frequent interactions between private sectors of Pakistan and Spain was necessary to raise awareness about potential areas of mutual cooperation in furniture sector and improve bilateral trade between the two countries in this regard,” he added.