Good business atmosphere

can earn Pakistan fortune

LAHORE (Online): Government generates more than 90 percent of its total resources from trade & industry which has been backbone of the economy. It could make a great contribution in turning Pakistan into one of the greatest nations if facilitation business atmosphere could be provided. President LCCI Ijaz said that though present regime has been moving in right direction to control the things and has achieved a few goals. He said that we have to tackle the issues of energy shortage, low tax-to-GDP ratio, inefficiency of Public Sector Entities (PSEs) and corruption on priority basis to put the economy on fast track of progress and prosperity.

Ijaz stressed that only strong institutions could guarantee good governance but unfortunately never-ever in the past due attention was given towards strengthening of institutions.

He said LCCI has tried to ensure a business-friendly environment through sharing views with the government and by taking all the stakeholders onboard on all the economy related issues.

Ijaz said that Pak-China Economic Corridor project should be protected and completed at the earliest at any cost. He termed the project as a game changer for Pakistan economy. This project would also bring development and prosperity to the people of around ten developing nations.

Formation of Rice Development Board urged

KARACHI (INP): Abdul Rahim Janoo, Sr. Vice President, FPCCI in his letter to Engr. Khurram Dastgir Khan, Federal Commerce Minister and Sikander Hayat Bosan, Federal Minister for Food Security & Research has urged them to constitute a RDB for providing a single platform to effectively and forcefully deal with the issues related to development and promotion of all varieties of rice grown in the country, especially the unique Basmati rice as well as regular paddy-of all the stakeholders on Board. The SVP of FPCCI argued that rice exports on an average was stuck-up at around $2b per annum mainly due to the lack of knowledge about latest research & development in the field of new rice varieties that yield more at lower cost.

and are acceptable to the global market.

He disclosed, “Our competitors have come up with such products due to market oriented or demand driven research in consultation with all the stakeholders (rice growers, millers, exporters, traders etc.) on one platform, whereas, on the contrary, our research has been exclusive and in isolation, either in public or private sectors”.

The FPCCI’s Sr. Vice President added that formation of the proposed “Rice Development Board” based on public-private partnership concept would transcend across all barriers both designed and unintended and would have two chapters, namely, Basmati Chapter and Paddy Chapter (for regular non Basmati rice paddy). “It would have the Federal and Provincial bodies and institutions seamlessly on the Board besides private sector as well as technical experts both from public and private sectors”, he elaborated. He further said that the proposed Board would be headed by a Federal Secretary as Governor of the Board with Deputy Governors, one each for Basmati and Paddy Chapters, from the rice exporting body to better define market demand criteria.

Additional taxes to ruin

Rs700 billion poultry industry

ISLAMABAD (INP): President Pakistan Businessmen and Intellectuals Forum (PBIF) and former provincial minister Mian Zahid Hussain on Thursday said survival of Rs 700 billion poultry industry is at stake due to 25 percent additional taxes imposed in the recent budget. Revised taxes will not only darken the future of the thriving industry but also deprive masses of the cheapest source of animal protein while government will have to face issues like unemployment and food security. Talking to a delegation of poultry farmers, he said that beef is costly, mutton is out of reach of majority while the consumption of fish in Pakistan is two kg per capita which is lowest in the world.

The situation has left around 90 percent of the population to rely on poultry to get animal protein which is 10 percent lower than the normal limit in an average person. He said that poultry industry is growing by 10 to 12 percent annually despite all odds which must be protected lest it push millions into health crisis.

Emirates to start operation

from Multan in August

Multan (Staff Reporter): Emirates Airlines is going to launch its flight operation from Multan from August 1, disclosed Khalid S S Bardan, Vice President of Commercial Operation Centre in Pakistan. Addressing the members of Executive Committee of Multan Chamber of Commerce & Industry (MCCI) on Thursday, he added that the Emirates would operate four weekly flights with an Airbus A330-200 aircraft in a two-class configuration, offering 54 seats in Business Class and 183 in Economy Class. He assured that Emirate would provide transport facility for fresh fruits like Mango, Citrus and perishable items like vegetables for their early and quick disposal to the destination on concessional rates.

“Pakistan was the first country Emirates flew to just over 28 years ago”, said Bardan.

“Since then the airline has steadily grown its network and continued to link the Pakistani community to the UAE as well as to worldwide destinations, making it easier to connect with friends, family and trade opportunities. Dubai and Pakistan have very close links due to the large community of Pakistanis living in the region and the level of trade between the UAE and Pakistan.”

Mian Iqbal Hassan President of MCCI said that Multan was a gateway to central Asian states and was capital of South Punjab located in the South-west of the Punjab province in Pakistan. The city is renowned as a city of spiritual saints (Madinahtul Aulia) and this zone produces 80 percent of cotton and most delicious mangoes, ceramics and leather garments.

Tevta to export 8,000 skilled manpower to UAE

Lahore (staff reporter): TEVTA will export its 8000 skilled manpower to U.A.E. during this year.  This skilled youth will be provided to both public and private sector.  This initiative has been taken as per the vision of Chief Minister Punjab to send quality skill force to Middle East.  It was stated by Chairperson TEVTA Irfan Qaiser Shaikh while addressing the officers of TEVTA after his recent visit to U.A.E.  Chief Operating Officer Jawad Ahmed Qureshi, General Managers Hamid Ghani Anjum, Abdul Qayum, Consultant Foreign Placement Amer Hasan and other officers were also present on this occasion.

Irfan Qaiser Shaikh said that TEVTA is establishing one window set up to facilitate its pass outs for their travelling arrangements and selection procedure.  He said that during visit, business industries belonging to Dubai, Sharjah, Abu Dhabi, Ajman and Elain were addressed and they have showed their keen interest to hire the Pakistani manpower for their projects.  Business Community of Dubai and Ajman welcomed the initiatives of TEVTA and also hosted a grand reception in the honour of TEVTA Delegation headed by its Chairperson TEVTA.  They have also suggested to open an office of TEVTA in U.A.E. to provide facilitation regarding placement of Pakistani youth there.   Business Community of U.A.E. committed to send their delegates after Ramzan who will visit TEVTA with their consolidate demands to get the services of our skilled manpower.