Daily Archives: July 14, 2018

Board of directors meeting of Shahtaj Sugar Mills Limited

Karachi, Shahtaj Sugar Mills Limitedinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on July 20, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended June 30, 2018.

Further, the company has declared the closed period from July 13, 2018 to July 20, 2018.

Shahtaj Sugar Mills Limited was incorporated in Pakistan on March 27, 1965 as a public limited company. The foundations of the company are laid under the Companies Ordinance, 1984. The company is engaged in the manufacture of sugar from sugarcane. The company also produces Molasses which is a by-product extracted from sugarcane. The commercial production of the company started in November 1968. The stocks of the company are quoted on the Karachi and Lahore Stock Exchange of Pakistan. The registered office of the company is located in Karachi. The mill is located at MandiBahauddin in Punjab. The crushing capacity of the mill is 8,000-10,000 metric tons sugarcane per day.

The symbol “SHJS” is being used by the stock exchanges for the shares of Shahtaj Sugar Mills Limited.

BMG, KCCI worried over terrorist attacks on election related activities

Karachi, July 14, 2018 (PPI-OT): The leadership of Businessmen Group (BMG) and Office Bearers of the Karachi Chamber of Commerce and Industry (KCCI), while expressing deep concerns over the recent two separate terrorist attacks in Balochistan and Khyber Pakhtunkhwa in which over 150 people were killed and 200 injured, urged the Law Enforcing Agencies to take concrete steps and devise strictest strategies to thwart terrorism and ensure full-fledge security in every nook and corner of the country, particularly during the ongoing election related activities which are easily being targeted nowadays.

In a statement issued, Chairman BMG and Former President KCCI Siraj Kassam Teli, Vice Chairmen BMG and Former Presidents Tahir Khaliq, Zubair Motiwala, Haroon Farooki and Anjum Nisar, President KCCI Muffasar Atta Malik, Senior Vice President Abdul Basit Abdul Razzak and Vice President Rehan Hanif stressed that strictest strategies have to be devised by LEAs to make sure that no further terrorism incident takes place in any part of the country as a lot of sacrifices have been made since 2013 to restore peace across the country and rebuild the image of Pakistan.

Chairman BMG and Former President KCCI Siraj Teli pointed out that Pakistan stands at a very crucial juncture where foreigners have finally started taking interest and are keen to visit and invest in the country whereas the business climate is also showing some signs of improvement which is not acceptable to the anti-state elements who must be dealt with an iron hand as we cannot afford to go back into the darkness of terrorism and lawlessness.

He said that steps being taken by LEAs to strictly deal with terrorism in any part of the country will be fully supported by the business and industrial community of Karachi as the citizens of other cities, towns and villages of our beloved country are equally dearer to us. BMG Leadership and KCCI Office Bearers also expressed deep grief and sorrow over the martyrdom of Nawabzada Siraj Raisani, Balochistan Awami Party Candidate and Haroon Bilour, Awami National Party Candidate and dozens of other innocent people who were martyred in two different terrorist attacks in Balochistan and Khyber Pakhtunkhwa.

They extended their deepest condolence to the bereaved families and prayed for eternal peace to the departed souls and speedy recovery to those injured in the attacks. Expressing solidarity with the families who lost their loved ones in these tragic incidents, they said that the entire business and industrial community of Karachi was deeply saddened and they all stand shoulder-to-shoulder with their brothers and sisters in Balochistan and Khyber Pakhtunkhwa in this hour of grief.

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

Political, economic developments not to hit CPEC

Islamabad, July 14, 2018 (PPI-OT): Islamabad Chamber of Small Traders on Saturday said political developments and economic situation will not hurt the CPEC. The recent terror incidents are condemnable but these will also fail to derail or interrupt the world’s biggest ongoing developmental project, it said. The inauguration of Pak-China Optic Fibre Cable Project is a good development which will increase business, employment, boost telecom industry and reduce dependence on the submarine cable, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.

He said that all the elements including enemy nations, opponents of the economic corridor at home and others have failed to slow the pace of the project. Shahid Rasheed Butt said that foreign media recently started a campaign against the project but China’s timely intervention put everything to rest. The 3,218-km set-up of roads, railways and dry ports from Gwadar Port to Kashgar will enhance lives of about three billion people and help China to do trade with the half of the world through Pakistan, he said.

The energy master plan of power generation projects to overcome energy crises would also benefit Pakistan while providing a platform of cooperation in the industrial and agricultural sector and will boost the tourism industry of Pakistan. To achieve maximum economic, industrial and agricultural benefits through CPEC, more consensuses in planning, research, coordination, security, and consultation is needed.

He noted that Pakistan is facing a serious balance of payment crisis while IMF is eager to know all the details of the plan which has been kept secret by Pakistan and China. The lender’s condition for the loan is linked with access to the CPEC plans which should not be accepted as it is a matter of national security, he demanded.

For more information, contact:
Islamabad Chamber of Small Traders and Small Industry (ICSTSI)
24-D, 3rd Floor, Rashid Plaza Blue Area, Jinnah Avenue, Islamabad, Pakistan
Phone: +92-51-2801045
Email: icstsiofficial@gmail.com, info@icstsi.com.pk
Website: http://icstsi.com.pk/

FPCCI condemns Mastung and Bannu attacks

Karachi, July 14, 2018 (PPI-OT): The higher hierarchy of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) including Ghazanfar Bilour, President; Syed Mazhar Ali Nasir, Sr. Vice President and Vice Presidents of FPCCI; Mr. S.M. Muneer, Former Chief Executive TDAP and Former President, FPCCI and Iftikhar Ali Malik, Sr. Vice President, SAARC CCI and Former President, FPCCI have strongly condemned the cowardly and brutal act of terrorism on two rallies of Siraj Raisani in Mastung and Akram Durrani in Bannu on Friday in which around 132 innocent peoples including Nawab Zada Siraj Raisani, Baluchistan Awami Party (BAP), candidate for Provincial Assembly Seat were killed and 180 injured and by the grace of Allah, Akram Durrani MMA candidate for National Assembly escaped unhurt.

They said that a handful terrorists whose backbone had been broken were playing havoc in desperation and frustration with our innocent people to derail the Pakistan from fast economic track and sabotage the democratic process. The senior leadership of FPCCI added, “Pakistan is fighting against nexus of inimical forces which are not willing to absorb a peaceful and stable Pakistan”.

They showed their resolve to remain undeterred and to defeat them. They added that the entire Pakistani nation including business community is united to crush the monster of terrorism with full national might. They prayed that may Almighty Allah rest the martyred souls in eternal peace and grant fortitude and courage to the bereaved families of all the victims to bear this irreparable loss.

For more information, contact:
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi, Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

Ministry of Industries and Production constitutes Steering Committee for SME Policy Development

Karachi, July 14, 2018 (PPI-OT): To lift SME’s growth trajectory and to revise the SME policy the Small and Medium Enterprises Development Authority (SMEDA) serving as the secretariat of the Steering Committee for SME Policy development constituted by the Ministry of Industries and Production (MoI and P) has forwarded the notification No. 2 (1) 2014 – ME-1.to the members.

The MoI and P is being provided technical assistance by the USAID’s SME activity project. The terms of reference (ToR) of the Steering Committee (SC) are to developed national SME definition, identify and recommend key areas for legal and regulatory reforms and besides others to address the access to finance issues, ensure sustainable growth and institutionalize SME support system to ensure regular communication between the national, provincial and local governments.

In addition to the above it will developed short, medium and long term action plans and above all finalize the new draft SME policy to be implemented in accordance with the priorities. The minister for industries and production will be the chairman and secretaries of Federal Board of Revenue (FBR) and others included in the SC are the additional secretaries of finance, commerce, planning, science and technology. It has also included the chairman Securities and Exchange Commission of Pakistan (SECP) and deputy governor of State Bank of Pakistan.

From the private sector the presidents of Federation of Chamber of Commerce, Karachi, Lahore, KP, Quetta and the president of the Women Chamber of Commerce. Other private sector representatives on the SC are Zulfikar Thaver president Union of Small and Medium Enterprises (UNISAME), Engineer M.A. Jabbar, Nauman Wazir Khattak and Khawar Anwar Khawaja. Thaver said he is impressed by the clause in the ToR which states the SC will define the role of different stakeholders in SME support, including federal ministers, private sector SMEs and organizations, academia and NGOs adopting a least intervention government approach. He thanked the USAID for their support and technical help.

For more information, contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Tel: +92-21-35884225-6
Fax: +92-21-35380642
Cell: +92-300-8245307, +92-321-8245307
Email: unisame@gmail.com

Information regarding collection of donations to Supreme Court of Pakistan Diamer Basha and Mohmand Dam Fund

Islamabad, July 14, 2018 (PPI-OT): It is informed to the general public that information regarding collection of donations to Supreme Court of Pakistan Diamer Basha and Mohmand Dam Fund through different banks is now being updated by State Bank of Pakistan on its official website www.sbp.org.pk, showing name of donor, daily statement of amount of donation collected by each bank and daily consolidated statement. The details can also be accessed through official website of Supreme Court of Pakistan www.supremecourt.gov.pk.

For more information, contact:
Public Relations Officer
Supreme Court of Pakistan
Tel: +92 51 9204184, 9220581
Fax: +9251 9213452
Email: mail@supremecourt.gov.pk