CNG sector specially targeted
in GIDC act
ISLAMABAD (INP): Central Chairman of the All Pakistan CNG Association Shuja Anwar on Friday said GIDC act has specifically targeted the agonised CNG sector putting Rs 450 billion investments in jeopardy. He said that CNG is the only sector which has been asked to deposit GIDC of the past years while rest of the sectors were asked to do the same which is discrimination. Speaking to an emergency meeting of the Central Executive Committee of the APCNGA, he said that government aimed to receive 10 percent of the GIDC amount from the ailing CNG sector while the rest of the 90 percent amount that other sectors were supposed to pay has been waived which is amazing.
He said that 75 percent CNG filling stations of Pakistan are located in Punjab which have been kept closed since eight months while these outlets have worked for mere 110 days in the last two years.
Shuja said that how come CNG operators pay GIDC of the past years when they haven’t received it from consumers while there was no cushion in the pricing which have not been reviewed since last three years. He said that CNG prices must be deregulated and all the closed stations must be opened immediately.
The central chairman of the APCNGA said that government has imposed two different slabs of cess on the CNG stations which is Rs 200 per mmbtu in one region and Rs 253 per mmbtu in other fanning provincialism. He said that CNG sector is paying highest tariff of Rs 656 per mmbtu as compare to any other gas consuming sector but it continues to brave step motherly attitude of the authorities.

Baroness Mobarik CBE visits PBIT

LAHORE (Staff Reporter): Punjab Board of Investment & Trade (PBIT) was honored to welcome the Baroness Mobarik CBE, House of Lords from UK at the Lahore office. The Baroness was accompanied by Umer Faruqi, CEO/chairman for Renoir Global (Pvt) Ltd, Lahore. The visit reflected the willingness of UK companies to Invest in Punjab. The discussion was mainly focused in particular on the opportunities to invest in Punjab by UK Companies and the role of PBIT. The discussion also covered investment opportunities in the sectors such as Energy, Infrastructure and Education. The baroness suggested that Pakistan investment opportunities should be marketed well in the UK as UK and Pakistan have close ties with each other.
She also said that the SME’s should also be encouraged to invest in Punjab.
In addition, an informal discussion on the role of PBIT in facilitating the potential and existing investors took place. CEO PBIT Mohammad Ilyas Ghauri shared the information on the road show being planned for UK by PBIT in collaboration with the Pakistan Overseas Commission.
It was also discussed that the an interactive communication channel should be developed where Punjab Board of Investment & Trade will share the projects in various sectors  and facilitate the interested companies for investment and assist them in the feasibilities. Participants from PBIT were Abdul Basit, Chairman, Mohammad Ilyas Ghauri, CEO, Dr. Suhail Saleem, Tayyaba Kamal and Khurram Afzal Malik, Directors.

Tevta recruiting 1000 teachers

LAHORE (Staff Reporter): Technical Education and Vocational Training Authority (TEVTA) is recruiting more than 1000 teachers for its Institutes across the province of the Punjab. Teachers for the post from Grade 14 to 17 are being inducted. This was stated by chairperson TEVTA Irfan Qaiser Shaikh while addressing the meeting regarding recruitment of new teachers in TEVTA Institutes. The meeting was attended by Chief Operating Officer TEVTA Jawad Ahmed Qureshi, General Managers Hamid Ghani Anjum, Azhar Iqbal Shad, Ijaz Hamid, Akhtar Abbas Bharwana and other officers. Irfan Qaiser Shaikh said that to ensure transparency and merit in the recruitment procedure, services of National Testing Service (NTS) Islamabad were hired to conduct the test.
Test has been conducted by the NTS and 7546 candidates have passed the test. The names of successful candidates have been displayed on the website of NTS. To conduct interviews at district level, the selection committees have been notified. DCO of concerned district will be the head of selection committee.

Students visit LSE

LAHORE (Staff Reporter): A general visit by the students of Department of Business Administration - Punjab University was organised by the corporate communications department of Lahore Stock Exchange. At the event Corporate Communications Department-LSE gave a detailed presentation covering all spheres of capital and financial markets. The students were briefly informed about the regulatory framework, market indicators, investment products, financial services & opportunities accessible to investors in Pakistan. Ms Gitee Bhatti- Deputy Secretary –IPF quoted practical examples about various investment avenues obtainable in the market and their role in the economic structure of the country. She also spoke on various operational matters of the Exchanges.

 including listings, trading, corporate governance, sensitivity of Stock Market and investor protection. While addressing to the students, she requested the students to adopt saving behavior in their life style in order to become the Chief Financial Officer of their own life.
Later, the students visited various banks and brokerage houses where they were given synopsis on the functioning of these institutions such as live market trading, banking products & services, lending & borrowing services, clearing and local as well as international remittances, etc.

Telecom, ICT conference

KARACHI (APP): The 8th Pakistan Telecommunication and ICT Conference (TeleCON 2015) will be held here on June 11. Organised by SHAMROCK Conferences International, the annual forum is being held in collaboration with Pakistan Telecommunication Authority (PTA) and of the relevant ministries and with support from industry, said a press release here on Friday. TeleCON-2015 is the 8th in a successful series of Telecom conferences designed to assemble the industry specialists, regulators, technologists, speakers, visionaries, experts, academia, emerging media and investors from national and global enterprises and institutions. It is equally attractive and insightful for both the telecom and ICT enterprises operating in the private or public sectors.