Tevta to export 24000 skilled workers to ME

LAHORE (Staff Reporter): TEVTA will export its 24000 skilled manpower to Middle East during the current financial year. TEVTA graduates will be sent in different trades including mason, steel fixer, shuttering carpenter, hospitality, drivers, electricians, welders, plumber, draftsman mechanical, machinist, auto mechanic, general fitter, turner and others. Skilled youth will be provided to both public and private sectors. This was stated by Chairperson TEVTA Irfan Qaiser Sheikh in a meeting to review the progress for sending TEVTA pass-outs abroad. Chief Operating Officer Jawad Ahmed Qureshi, TEVTA officers Hamid Ghani Anjum, Abdul Qayyum, Azhar Iqbal Shad, Amer Hasan, Sarfraz Anwar and other officers were also present on this occasion.

Irfan Qaiser Sheikh said that TEVTA is coordinating with renowned organizations including Gantoot, Scalla, S.S. Lootha and others in UAE to provide them manpower as per their demands. This initiative is being taken as per the vision of Chief Minister Punjab Muhammad Shahbaz Sharif to send skilled force to Middle East.

Trademark, copyright violations damaging country: PBIF

ISLAMABAD (INP): President Pakistan Businessmen and Intellectuals Forum (PBIF) and former provincial minister Mian Zahid Hussain on Wednesday said violation of trademark and copyright laws continue to hurt masses, government and the businesses community. Government should pay attention to the issue and improve capacity of the departments dealing it, he said.

He said that counterfeiting is one of the fastest growing industry in the world whose volume has been estimated at $1 to 1.5 trillion. Forgery not only deceive masses and hurt brands established after long struggle but also hurts job market and revenue of the government while some companies are left with no option but to shut down businesses.

Mian Zahid Hussain who is also President of All Karachi Industrial Alliance said that some countries have become popular for counterfeiting while their preferred target is developing nations.

The people involved in this business are so influential that many governments would never support initiatives against this social evil, he said, adding that media can play its role in creating awareness against forgery and substandard products which will safeguard consumers, propel businesses and discourage cheaters. He noted that over 60 percent consumer items in Pakistan are counterfeit or substandard including medicines, spare parts, cooking oil, clothes, perfumes, shoes, books, cigarette and mobiles etc.

Korean ambassador visits LCCI

Lahore (Staff Reporter): Korean Ambassador to Pakistan Dr Song Jong Hwan Wednesday visited the LCCI and called on President Ijaz A Mumtaz, Senior Vice President Mian Nauman Kabir and Vice President Syed Mahmood Ghaznavi. Addressing the meeting, the ambassador expressed the optimism that the volume of trade between Pakistan and South Korea was bound to increase as both the governments are taking measures to get the desired results. Dr Song Jong Hwan called for a proper sector-specific strategy to identify the challenges and problems coming in the way of bilateral trade between Pakistan and Korea. The diplomat, while identifying a number of areas for mutual cooperation, said that there was a need for expertise-sharing as both the countries have a lot to learn from each other.

He urged the LCCI to arrange a business delegation to South Korea so that Pakistani businessmen could have first hand knowledge about opportunities there.

Illegal gateway exchange busted

ISLAMABAD(Staff Reporter): Pakistan Telecommunication Authority (PTA), as part of its ongoing campaign against grey trafficking, on Wednesday busted an illegal gateway exchange in Gujrat. According to a handout, a successful raid against the grey operator was carried out along with FIA team at Gujrat. An illegal VoIP exchange comprising multiple ports along with other equipment including laptop, switches, SIMs, and modems were confiscated. One accused was arrested and was handed over to FIA for further investigation. 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 traffickers in the country.

Islamic banks must focus on SMEs

ISLAMABAD (INP): ICCI in collaboration with FPCCI Standing Committee on Islamic Banking and Takaful organised a seminar on Islamic banking which was attended by a large number of business community. Speaking at the occasion, Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce and Industry said that businessmen wanted to get rid of interest-based banking for starting new and expanding existing businesses. However, there was still lot of confusion between conventional and Islamic banking which needed to be cleared by holding more awareness sessions on Islamic banking. He said there should be full-fledged Islamic banks on micro finance to support SMEs as currently no Islamic bank was focusing on SMEs with better products.

He stressed that the branches of Islamic banks should be enhanced in the country to provide more consumer outreach as the insufficient branch network and lack of awareness in general masses were the major hurdle in the growth of Islamic banking.

He hoped that this event would enable participants to understand the benefits of Islamic banking that will help in promoting interest-free banking. 

Mufti Hassaan Kaleem, Renowned Shariah scholar and Shariah Advisor, Dubai Islamic Bank delivered a detailed lecture on the structure and mechanism of Islamic banking that has emerged as a viable option to get rid of interest-based financial dealings.

Mehmood Arshad, Chairman, FPCCI Standing Committee on Islamic Banking and Takaful highlighted the role of FPCCI in promoting Islamic banking in the business community. He said that his Committee has already organised seminars on Islamic banking in some Chambers of Commerce and plans to hold more such seminars in other major Chambers of the country to create better awareness in businessmen about interest-free and sharia compliant banking.