Category Archives: General Business News

Role of women in economic activities a must for nation building: Malik Tahir Javaid

Lahore, February 16, 2018 (PPI-OT): Chairperson of Punjab Commission on the Status of Women Fauzia Viqar has said that PCSW is making all out measures for gender equality and empowerment that is a must for sustainable economic development of the country. She was talking to the LCCI President Malik Tahir Javaid here at the Lahore Chamber of Commerce and Industry. Nasira Taskeen, Shamim Akhter, Talat Hafeez, Nlofer Sikandar, Shagufta Rehman, Uzma Mehmood and other members were also present.

Fauzia Waqar said that Lahore Chamber has always supported and facilitated women empowerment. She said that there is lack of linkages between Institutes working for the women empowerment in Pakistan. She said that status of independent women is still not satisfactory. 30% GDP can be increased through women entrepreneurship and employment. She said that women contribute only 1% in the whole country entrepreneurship which is the world poorest women entrepreneur rate.

The LCCI President Malik Tahir Javaid said that women are important shareholder in building the society. They simultaneously play different roles like as a mother, a daughter, a wife and sometimes being working woman. It is a bit unfortunate that our women face problems in uplifting their social and economic status.

He said that we still lack in creating the much needed awareness about determining the fair status of women in our society that is badly entangled in many social taboos. We should not forget that women are almost 49% of our total population. How can we afford to let this potential workforce remain out of productive activities?

Malik Tahir Javaid said that the following numbers further elaborates the current state of affairs that women land holding ownership and their leadership role is less than 1%. The wage differential for female staff is about 60% which shows the pay gap upto 40% as compared to male workers. The divide between male and female literacy levels in Pakistan is still wide at 69% and 50% respectively.

The LCCI President said that in order to improve these numbers in favour of women, both government and private sector have to work in unison. Making good use of this opportunity, He said that LCCI is trying its level best to motivate the budding women entrepreneurs to come up and get their due share in businesses.

Women Resource Centre in LCCI is providing guidelines to emerging women who are eager to get on their feet. Moreover, WRC serves as a common platform for experienced and young businesswomen who share their experiences with each other and also help out in case of any problem. To make it a formal activity, specific standing committees also work to represent these women at all possible forums.

He said that for the development of women-to-women business potential, women entrepreneurs require support in the form of training in strategic business development, access to credit funds, and assistance with marketing skills, product design and development. They should be aware of economic, financial, legal and managerial issues. There can be even better results if entrepreneurship is taught in vocational institutes and introduced as a special subject in high schools.

He also informed the Chairperson of PCSW that presently, there are two women board members in Lahore Chamber. They along with other senior and experienced women devote their time and efforts to facilitate such women entrepreneurs who are committed to become economically independent.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk

ICCI shows concerns over forced evictions of traders in Islamabad

Islamabad, February 16, 2018 (PPI-OT): Sheikh Amir Waheed, President, Islamabad Chamber of Commerce and Industry has shown great concerns over the rising incidents of forced evictions of traders from shops as these incidents were creating insecurity among trading community about future of their businesses. He called upon the government to arrange early promulgation of rent control act in Islamabad to curb such unfortunate incidents.

He said the recent incidents of forced evictions from shops in Aabpara Market and I-10 Markaz have disturbed the peace of trading community as they were feeling insecure about their future. He said the absence of rent control law in Islamabad was the major cause of rising rent disputes and forced evictions of traders and emphasized that government should pay urgent attention to this serious issue. He said Prime Minister of Pakistan during a meeting with local traders in recent past had assured for promulgation of new rent law in the federal capital soon, but no visible progress was made as yet to resolve this issue.

Sheikh Amir Waheed said that an amended bill of rent restriction law for Islamabad was lying pending in the National Assembly since long and urged that government should arrange its early passage into law from the parliament to resolve this serious issue once for all. He said incidents of forced evictions from shops were badly affecting the business activities and the only solution of curbing such incidents was to promulgate the new rent law as soon as possible.

Muhammad Naveed, Senior Vice President, Islamabad Chamber of Commerce and Industry said that in consultation with all stakeholders, an amended bill of rent control act for Islamabad was prepared that was presented long time ago in the National Assembly. However, no action has been taken so far to pass the said bill into law and delay in its enactment was creating frustrations in the trading community.

He said on the assurance of Prime Minister, traders of Islamabad had postponed their planned strike. However, the bill was still lying pending in NA. He appealed to the Prime Minister to honour his promise and get the bill passed from NA without wasting further time so that local traders could feel secure and focus on promoting business activities in a peaceful environment.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526, 2253145, 8432676
Fax: +9251 225 2950
Email: icci@brain.net.pk
Website: www.icci.com.pk

Commerce Minister meets Ontario’s Minister of International Trade

Islamabad, February 15, 2018 (PPI-OT): Commerce Minister Mr. Pervaiz Malik met with Ontario’s Minister for International Trade, Mr. Michael Chan to discuss trade relations between Pakistan and Ontario province. The Minister briefed the Minister of International Trade on the economic progress that Pakistan has made in recent years as a result of economic reforms undertaken by the government. He also highlighted trade and investment opportunities that are available in Pakistan, says a press release received here today from Ottawa.

The Commerce Minister said that he held very useful meetings with Federal Cabinet Ministers including Minister for International Trade Mr. Francois-Philippe Champagne. He stated that Pakistan is desirous of promoting trade relations with Canada through market access, exchange of business delegations and cooperation between the Chambers of Commerce and Industry of both the countries. He added that improved security situation in Pakistan is leading to increased FDI inflows.

“Ontario has the largest concentration of Pakistani immigrants and we feel that it can play a vital role in enhancing trade relations”, the Minister added. The Commerce Minister said that Ontario is home to a vibrant work force and dynamic business community, and Pakistan would like to build a secure and stronger trade relations with the Province. Minister Chan appreciated the role played by vibrant Pakistani community in development of Greater Toronto Area (GTA).

He said that the Provincial Government would like to encourage Pakistan businessmen and students to come to the Province, which welcomes foreign investors and international students. Minister Chan informed the visiting Minister that Canada is a trading nation and Ontario being the largest province largely depends on international trade. He added that Canada wants to expand and diversify its trading partners in Asia including Pakistan.

In addition to the manufactured products, he identified education, health and ICT as the potential areas of mutual cooperation. Minister Chan agreed with Minister Malik’s proposal that there is a need to enhance Business-to-Business interaction between the two countries to increase the trade flows. It was felt that frequent exchange of business delegations would help in bringing down trade barriers.

For more information, contact:
Principal Information Officer,
Press Information Department (PID)
Tel: +92-51-9252323, +92-51-9252324
Fax: +92-51-9252325, +92-51-9252326
Email: piopid@gmail.com
Website: www.pid.gov.pk

Siraj Teli hosts reception inhonour of all BMGIANs

Karachi, February 12, 2018 (PPI-OT): Chairman Businessmen Group (BMG) and Former President Karachi Chamber Siraj Kassam Teli has announced that the contract for construction of Karachi Chamber’s new building in Clifton has finally been awarded to Times Group Pvt. Limited and the construction work will begin from next week which will be completed within the next one-and-a-half year.

“Each and every single aspect was thoroughly reviewed prior to finalizing the contract in which the contractor has quoted a sum of Rs480 million for the construction of KCCI’s new building”, Siraj Teli added while speaking at an internal meeting held at a reception hosted by him in honour of all BMGIANs who continued to extend nonstop support during the last 20 years of BMG at KCCI.

Vice Chairmen BMG and Former Presidents Zubair Motiwala, Haroon Farooki and Anjum Nisar, President KCCI Muffasar Atta Malik, Senior Vice President Abdul Basit Abdul Razzak, Vice President Rehan Hanif, all Former Presidents, Managing Committee members and around 300 BMGIANs attended the reception.

Congratulating BMGIANs on this milestone achievement, Siraj Teli said that keeping in view the expertise of Contractor, who has also constructed Bakht Tower in Clifton, and also the enormous experience of Architect Asad IA Khan, who architected Prime Minister House and many other projects, the construction work for KCCI Building will be completed within the given time period and it will certainly be an ideal building as everything in the building plan has been finalized after detailed analysis.

Chairman BMG, while paying glowing tribute to all the BMGIANs, particularly those who have been constantly supporting him since BMG came into existence in 1998, said “It has been a long time since we all united under one roof so I felt it necessary to arrange this reception in order to update all BMGIANs about the changes introduced at KCCI with a view to improve its functioning, besides discussing the current economic and law and order situation.”

He recalled that out of 20 elections held since 1998, 12 elections were triumphed unopposed by BMG candidates whereas the remaining 8 elections during initial years were contested by our opponents, which were really stiff but all the BMGIANs struggled a lot to seek support of voters by carrying out massive election campaigns and today, I see many of those faces who had always been there with us and fully supported us in all the elections”, Siraj Teli said.

“During all these years, we never carried out any misconduct or embezzled public’s money. It is only due to our honestly and sincerity that we remain in power at KCCI since 20 years which is a huge period. Although we don’t have any opponent contesting against us anymore, yet we continue to honestly and sincerely serve the business and industrial community with the same spirit and intent”, he added.

Siraj Teli stressed that ‘Public Service’ was, is and will always be their motto and they will continue to do something good for Karachi as done in the past on many occasions. “We will strive really hard to resolve the actual issues being faced by anyone without any discrimination between the poor or rich, member or non-member and friend or foe”.

He said that because of numerous initiatives, Karachi Chamber today is not what it had been in the past. Top class Research and Development Cell comprising of highly qualified staff works vigorously to compile numerous research reports whereas the Media Cell has also been improved which can gauged from the massive coverage being given to KCCI’s press releases by all newspapers.

Criticizing the illegal tenants of KCCI’s existing building, Siraj Teli informed that these occupants have illegally expanded their offices situated in KCCI’s building from just one to two rooms to 10, 12 and even 17 rooms by illegally carrying out deals prior to Businessmen Group’s arrival. These occupants were not paying any rent to KCCI and some petty amounts were being submitted at the Court. “We attempted to negotiate with them on many occasions during the last 20 years but to no avail, which left no other choice but to initiate legal action against them around one-and-a-half year ago.

He said that these illegal occupants in connivance with the then Chairman ETPB hatched another conspiracy by filing a reference a year ago in which ETPB claimed the ownership of KCCI’s Building. Keeping in view the misuse of powers by Siddique ul Farooq, the Karachi Chamber wrote letters to the then Prime Minister Nawaz Sharif and also to existing Prime Minister Shahid Khaqan Abbasi in order to seek assistance in dealing with Ex-Chairman ETPB who continued to grossly favour the illegal occupants but unfortunately, no response was ever received from PM House and Ex-Chairman ETPB gave the decision against KCCI which was already being expected.

He said that the biased decision of Ex-Chairman ETPB was challenged in the honourable high court and it was a matter of satisfaction that the High Court immediately suspended ETPB’s impugned decision. “Everyone knows what happened to Siddique ul Farooq last week when the honourable Supreme Court removed him from his position which is exactly what he actually deserves”, he added. “We will not leave this building even after completion of KCCI’s new building and retain KCCI’s Offices in our possession until all the illegal occupants are expelled from Chamber’s premises. Otherwise these illegal occupants will surely take over KCCI’s offices as well once we leave this building”, he added.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

Siraj Teli hosts reception inhonour of all BMGIANs

Karachi, February 12, 2018 (PPI-OT): Chairman Businessmen Group (BMG) and Former President Karachi Chamber Siraj Kassam Teli has announced that the contract for construction of Karachi Chamber’s new building in Clifton has finally been awarded to Times Group Pvt. Limited and the construction work will begin from next week which will be completed within the next one-and-a-half year.

“Each and every single aspect was thoroughly reviewed prior to finalizing the contract in which the contractor has quoted a sum of Rs480 million for the construction of KCCI’s new building”, Siraj Teli added while speaking at an internal meeting held at a reception hosted by him in honour of all BMGIANs who continued to extend nonstop support during the last 20 years of BMG at KCCI.

Vice Chairmen BMG and Former Presidents Zubair Motiwala, Haroon Farooki and Anjum Nisar, President KCCI Muffasar Atta Malik, Senior Vice President Abdul Basit Abdul Razzak, Vice President Rehan Hanif, all Former Presidents, Managing Committee members and around 300 BMGIANs attended the reception.

Congratulating BMGIANs on this milestone achievement, Siraj Teli said that keeping in view the expertise of Contractor, who has also constructed Bakht Tower in Clifton, and also the enormous experience of Architect Asad IA Khan, who architected Prime Minister House and many other projects, the construction work for KCCI Building will be completed within the given time period and it will certainly be an ideal building as everything in the building plan has been finalized after detailed analysis.

Chairman BMG, while paying glowing tribute to all the BMGIANs, particularly those who have been constantly supporting him since BMG came into existence in 1998, said “It has been a long time since we all united under one roof so I felt it necessary to arrange this reception in order to update all BMGIANs about the changes introduced at KCCI with a view to improve its functioning, besides discussing the current economic and law and order situation.”

He recalled that out of 20 elections held since 1998, 12 elections were triumphed unopposed by BMG candidates whereas the remaining 8 elections during initial years were contested by our opponents, which were really stiff but all the BMGIANs struggled a lot to seek support of voters by carrying out massive election campaigns and today, I see many of those faces who had always been there with us and fully supported us in all the elections”, Siraj Teli said.

“During all these years, we never carried out any misconduct or embezzled public’s money. It is only due to our honestly and sincerity that we remain in power at KCCI since 20 years which is a huge period. Although we don’t have any opponent contesting against us anymore, yet we continue to honestly and sincerely serve the business and industrial community with the same spirit and intent”, he added.

Siraj Teli stressed that ‘Public Service’ was, is and will always be their motto and they will continue to do something good for Karachi as done in the past on many occasions. “We will strive really hard to resolve the actual issues being faced by anyone without any discrimination between the poor or rich, member or non-member and friend or foe”.

He said that because of numerous initiatives, Karachi Chamber today is not what it had been in the past. Top class Research and Development Cell comprising of highly qualified staff works vigorously to compile numerous research reports whereas the Media Cell has also been improved which can gauged from the massive coverage being given to KCCI’s press releases by all newspapers.

Criticizing the illegal tenants of KCCI’s existing building, Siraj Teli informed that these occupants have illegally expanded their offices situated in KCCI’s building from just one to two rooms to 10, 12 and even 17 rooms by illegally carrying out deals prior to Businessmen Group’s arrival. These occupants were not paying any rent to KCCI and some petty amounts were being submitted at the Court. “We attempted to negotiate with them on many occasions during the last 20 years but to no avail, which left no other choice but to initiate legal action against them around one-and-a-half year ago.

He said that these illegal occupants in connivance with the then Chairman ETPB hatched another conspiracy by filing a reference a year ago in which ETPB claimed the ownership of KCCI’s Building. Keeping in view the misuse of powers by Siddique ul Farooq, the Karachi Chamber wrote letters to the then Prime Minister Nawaz Sharif and also to existing Prime Minister Shahid Khaqan Abbasi in order to seek assistance in dealing with Ex-Chairman ETPB who continued to grossly favour the illegal occupants but unfortunately, no response was ever received from PM House and Ex-Chairman ETPB gave the decision against KCCI which was already being expected.

He said that the biased decision of Ex-Chairman ETPB was challenged in the honourable high court and it was a matter of satisfaction that the High Court immediately suspended ETPB’s impugned decision. “Everyone knows what happened to Siddique ul Farooq last week when the honourable Supreme Court removed him from his position which is exactly what he actually deserves”, he added. “We will not leave this building even after completion of KCCI’s new building and retain KCCI’s Offices in our possession until all the illegal occupants are expelled from Chamber’s premises. Otherwise these illegal occupants will surely take over KCCI’s offices as well once we leave this building”, he added.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

Thailand an excellent export destination for Pakistan: LCCI Chief

Lahore, February 12, 2018 (PPI-OT): The LCCI President Malik Tahir Javaid has said that potential to export Thailand from Pakistan is far more diversified and sizeable than the current one. He was speaking at the Thai Chamber of Commerce and Industry, Board of Trade of Thailand. Deputy Secretary General Mr. Kasemsit Pathomsak, Section Project Manager, Charoen Pokphand Foods Public Company Ltd Kulkanlaya Kritnoi, Managing Director MICAP Machineries Ltd Mingpant Chaya, Thai businessmen and the LCCI delegation members also spoke on the occasion and showed keen interest in partnership with their counterparts.

The LCCI President said that Pakistan is already exporting cotton, fish and other sea food, knitted fabric, meat, raw hides and skins, machinery, medical and optical apparatus and pharmaceutical products etc. to Thailand but side need to work more. He said that both Pakistan and Thailand have very strong credentials to give new strengths to their respective economies as both the countries have good geographical locations making them a safe heaven for investment.

Malik Tahir Javaid said that the fact remains that the volume of trade between the two countries is much below their respective potential on various sectors of the economy and the lack of dissemination of information could be one of the biggest reasons. He said that the import and export profiles of the two countries indicate that there is a potential of increasing Pakistan’s export to Thailand, while Pakistan also has huge potential of importing goods from Thailand. He said that business-to-business contacts and one-to-one meetings are the most productive means of marketing a country’s products.

The LCCI President said that Pakistan is strategically located and is a gateway to the markets of Central Asian Republics and the Gulf countries. Any investment made in Pakistan will find markets in the entire region surrounding Pakistan. Industrial parks development will be a good choice for Thai business tycoons as they will surely be supported by Pakistan government as well.

Malik Tahir Javaid said that Thai investors who are interested to weigh up the energy sector of Pakistan especially untapped potential of coal and renewable/alternate energy would be facilitated all the way. He said that the LCCI is desirous of developing a close linkage among the business support organizations for ensuring continuity in mutual efforts of both the countries to increase the volume of trade between two countries.

“To further expand economic and commercial ties it is necessary that Chambers of Commerce and Industry and the Boards of Investment of the two countries play their due role. Trade fairs and single country exhibitions can be arranged on reciprocal basis to achieve this goal.”

Mr. Kasemsit Pathomsak said Pakistan has made substantial progress over the years and bilateral trade and diplomatic relations between both the countries have further strengthened. He said that there is immense potential to enhance trade as major exports from Pakistan to Thailand include yarn and fibre, chemicals, finished oils, edible meat etc. but there are plenty of other products which are capable of capturing share in Thai market, which need effective marketing and promotional activities. He urged the business communities of both the countries to explore more avenues of enhancing trade and look for opportunities for joint ventures.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: www.lcci.org.pk