Daily Archives: September 7, 2018

Board of directors meeting of Babri Cotton Mills Limited

Karachi, Babri Cotton Mills Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 10, 2018, which is now re-scheduled on September 15, 2018 at Rawalpindi. Capital Expenditure Budget of the Company for financial year 2018-19 shall be discussed and placed for approval in this Board Meeting.

Further, the company has declared the closed period from September 07, 2018 to September 15, 2018.

Babri Cotton Mills Limited was incorporated on the 26th of October, 1970 as a Public Limited Company under the capable professional guidance of founder chairman (Late) Lt.General (R) M Habibullah Khan Khattak. It was established as a textile spinning unit at Kohat with a capacity of 25,056 spindles. The mill is located in Kohat at a distance of 55 km south of Peshawar. Its Commercial production started in 1973.

The textile industry in Pakistan suffered a serious crisis from 1977 to 1985. Many mills were forced to close down their weaving and processing units especially in Khyber Pakhtunkhwa (Formerly N.W.F.P). However, from 1986 onwards the management of the company with untiring efforts converted this unit back to a profit earning unit. The Company from its own resources has added another 27984 spindles along with complete back process till 2010.

The Company is engaged in production of super fine counts of 80s combed yarn from extra-long staple cotton of USA Pima and CIS origin. We also manufacture and sell 52/s combed yarn which is being sold at premium.

The company has invested since 1995 a total sum of Rs. 399.767 million in plant and machinery under balancing modernization and replacement (BMR) scheme out of its own cash resources Rs. 178.767 million and 221.000 million loan obtained from National Bank of Pakistan. Presently the mill is equipped with 53,040 spindles (109 Ring Frames) with complete latest model back process and auto coners. All products pass through a stringent Quality Management System and are supervised by laboratory checks to ensure conformity to the highest standards.

The total capacity of the mills is now 53,040 spindles & 400 rotors. The Mill employs around 1200 full time employees.

The symbol “BCML” is being used by the stock exchange for Babri Cotton Mills Limited.

E-Commerce Gateway and PCJCCI opening 20th Textile Asia 2018 today

Lahore, September 07, 2018 (PPI-OT): Three-day joint exhibition of E-Commerce Gateway and Pak-China Joint Chamber of Commerce and Industry“20th Textile Asia 2018 will open today at Lahore Expo Center and will continue till 10th September, 2018. Sheikh Mohammad Shafique, Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and Mr. Aaadil Butt, Chairman Pakistan Hosiery Manufacturers Association (PHMA) will be the chief guest of the inaugural ceremony of this international trade fair.

Mr. S.M Naveed, President PCJCCI, Dr. Khursheed Nizam, President E-Commerce Gateway Pakistan and a number of the foreign and local businessmen will participate the ceremony. The organizing bodies heads claims that exhibition would lead the way in delivering the most exquisite opportunities for all participants in different sectors like; Textile, Garments, Embroidery, Digital Printing, Machineries and Chemicals etc. More than 550 International Brands will display their products in over 500 Booths and over 475 foreign delegates from 27 countries mainly from China, France, Austria, Czech Republic, Germany, Italy, Korea, Japan, Turkey, UK, USA will grace the auspicious event.

Mr. S.M Naveed, President PCJCCI, while expressing his views about the event, hoped that “20th Textile Asia International Exhibition”, shall act as a source of motivation and real opportunities for business ventures to the local businesses and industries. We will enter in joint ventures with local companies from Gujranwala, Lahore, Sialkot and Faisalabad, providing training to engineers from these cities that manufacture spare parts for sewing and textile machineries and buyback them to export to China.”

Dr. Khursheed Nizam President, Ecommerce Gateway Pakistan said that, “This trade fair is expected to host more than 475 foreign delegates as well as 45,000 visitors from trade and corporate sector. The focus of this trade fair is value addition in Textile industry to increase the export of our value-added textile and garment products.”

Chinese companies from different cities and provinces like Shanghai, Guangzhou, Jiangsu, Fujian and Shandong have shown their interest to relocate their textile, garment and accessories production units to Punjab, having investment of at least $25m for each unit, foreign companies also transfer their technologies, besides buying back Pakistani products after value-addition here, leading to enhance local export and lowering Pakistan trade deficit with China.

For more information, contact:
Media Manager,
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan
Tel: +92-42-35777460-02, +92-42-37032203, +92-42-35874353
Fax: +92-42-35777524
Cell: +92-324-4925611
Email: info@pcjcci.org
Website: www.pcjcci.org

Second Meeting of Pak-Saudi Joint Working Group on Trade and Investment held

Karachi, September 07, 2018 (PPI-OT): Pak-Saudi Joint Working Group on Trade and Investment was constituted in the 11th Session of Pak-Saudi Joint Ministerial Commission held at Islamabad in January 2018, with a view to enhancing bilateral economic cooperation through identifying concrete and specific areas in trade and investment. Second meeting of the JWG was held at Islamabad on 5th September, 2018. Mr. Mohammad Younus Dagha, Federal Secretary Commerce, Pakistan and Mr. Abdulrahman Alharbi, Deputy Minister for Foreign Trade, Saudi Arabia co-chaired the session.

H.E. Mr. Nawaf Saeed Al-Maliki, the Ambassador of Saudi Arabia to Pakistan, officials from Saudi Ministries of Commerce and Investment, Energy, Industry and Mineral Resources, SABIC, Maaden and officials from Ministries of Commerce, Energy and National Food Security, Trade Development Authority of Pakistan and Board of Investment participated in the meeting.

Mr. Mohammad Younus Dagha, Federal Secretary Commerce, emphasized that Government of Pakistan desires that the long and historic relationship between Pakistan and Saudi Arabia should be translated into enhanced economic partnership. He invited Saudi government and private sector to invest in Oil Refining, Petro chemicals and food processing industry in Pakistan.

After the official discussions, Petroleum Division, and leading private sector companies presented their project proposals. The follow up of first JWG meeting was also discussed to resolve non- tariff barriers, facilitating business visas, and logistic arrangements of Pakistan Single Country Exhibition in Jeddah as well as activating Joint Business Council.

Mr. Abdulrahman Alharbi, Deputy Minister for Foreign Trade, Saudi Arabia elaborated that the Kingdom desires to have close economic partnership with Pakistan and the two countries could cooperate and have joint ventures in petro chemicals, food processing and other sectors. The Saudi delegation also comprised of six businessmen from petro-chemical and food sectors.

Their B2B meetings were arranged with Pakistani companies from meat, poultry, fruits and vegetables, rice and petrochemical sectors on 6th September 2018. The companies presented details of their meat and food processing plant which meet Saudi standards and have been registered by Saudi Food and Drug Agency. The Saudi side expressed keen interest in the investment projects and trade proposals and the two sides agreed to take further steps expeditiously to materialize these proposals.

For more information, contact:
Information and Communication Division
Trade Development Authority of Pakistan (TDAP)
3rd Floor, Block A, Finance and Trade Centre,
P.O. Box No. 1293, Shahrah-e-Faisal,
Karachi 75200, Pakistan
UAN: +92-21-111-444-111
Tel: +92-21-99206487-90, +92-21-99201526
Fax: +92-21-99206461, +92-21-99201526
Email: tdap@tdap.gov.pk, farooque.memon@tdap.gov.pk
Website: www.tdap.gov.pk

Seminar on Developing Women as Entrepreneurs and Good Governance

Karachi, September 07, 2018 (PPI-OT): Women entrepreneurs can contribute a lot in economic growth of the country if they realize their rights and work in partnership with business, government and civil society to improve their opportunities and outcomes in global value chains. Mrs. Fitrath Ilyas Bilour, Patron-in-Chief of Women Chamber of Commerce and Industry, said while addressing a seminar on Developing Women as Entrepreneurs and Good Governance held at the Federation House.

She said that Women’s economic empowerment was actually their economic independence or full ability to freely assert their autonomy and exercise their choices; and their full access to decision making in all economic decisions that affect their lives and the lives of their families, communities and societies.

She thanked the leadership of FPCCI for convening this conference and offering unconditional support to women entrepreneurs and putting across a message to the society that with required support and sufficient training women can transform the economy of Pakistan. In his keynote address S.M. Muneer former President FPCCI said, “It is widely accepted fact that no nation can make any progress without the cooperation of women. No nation is capable of remaining a strong nation unless its men and women struggle together for the achievement of its goals.”

He said that women participation in modern society was mandatory in order to ensure prosperous economy. In order to grow as an economically self-sufficient nation a comprehensive strategy must be followed to eliminate gender disparity, he added. He also assured the conference that FPCCI would render any kind of support or information women entrepreneurs require.

Syed Mahar Nasir, Senior Vice President FPCCI replying to the queries of the participants said that there was a need for counselling sessions for up and coming women entrepreneurs which could organized on quarterly basis in Islamabad, Lahore and Peshawar also. They can also register themselves with women entrepreneurs’ web portal available at FPPCI website, he added.

He said that it was encouraging to note that women are joining their family business as active members FPCCI was ready to help all those who plan to start their own business. Zubair Tufail former President FPCCI while addressing the conference said that the women have all the right to start independent business and in this regard banks must encourage upcoming women entrepreneurs with financial help and assistance. Initially the banks may start giving a loan to them on soft terms.

Earlier Aisha Bela Malik, Chairperson FPCCI Standing Committee on ‘Creative Business Linkage’, FPCCI gave a presentation on dos and donts for the up and coming women entrepreneurs. The penalists include Dr. Masroor Pesimam, Assisting Governor RID, Misbah Ishak Khalid, Shama Farah Javed and others.

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

Economy and law and order inter linked: LCCI President

Lahore, September 07, 2018 (PPI-OT): Rule of law plays a leading role in economic development of the country and Punjab Safe Cities Authority is diligently working day in and day out for maintaining law and order. It was crux of a presentation given by SSP and Chief Operating Officer of Punjab Safe Cities Authority Akbar Nasir Khan to the LCCI members at the Lahore Chamber of Commerce and Industry on Friday. The LCCI President Malik Tahir Javaid, Senior Vice President Khawaja Khawar Rashid, Executive Committee member Tahir Manzoor, Nasir Hameed Khan also spoke on the occasion.

Akbar Nasir Khan said that Punjab Safe Cities Project envisions safe, peaceful and prosperous cities of the province. The benefits this project holds include improved services delivery, traffic management, monitoring of law and order, electronic evidence collection, crime reduction, secure communication, and accountability.

It was told that the Safe Cities Project is a concept for returning security and quality of life to today’s complex cities through the use of technology, infrastructure, personnel and processes. The Punjab Safe Cities Authority was established under the Punjab Safe Cities Ordinance 2015 and it is ensuring establishment, development and maintenance of an integrated command, control and communication system for Police in major cities of the province for public safety.

PSCA stats for performance review for August 2018 revealed that 420,428 calls received at 15 helpline; 46,503 cases generated, 31,543, found 4 persons, 3 vehicle, 129 bikes, 7 auto-rickshaws, more than 207 electronic evidence data requests served, more than 83 booked for felonies, 141 suspicious persons and 2,516 vehicles screened, 33 rallies monitored etc. and recorded 9,552,778 violations of traffic laws.

The LCCI President Malik Tahir Javaid said that economy and law and order are linked with each other. Bad law and order situation pressurizes the economy and shatters the confidence of local and foreign investors. He said that the project of Punjab Safe City was the need of the hour and LCCI truly appreciates that initiative taken by the previous government. He said that business community is aware of the challenges being faced by the Police Department but due commitment and professionalism can surpass any kind of adversities. On introducing Dolphin Force, the vigilance has been improved but street crime has yet to be controlled.

Malik Tahir Javaid said that Punjab is reckoned as much safer and better province in comparison to other provinces of the country due to better performance of Punjab Police but continuation of street crimes is a matter of concern. He suggested that seminars should be organized in collaboration with Police Department to make the members of business community aware of different kind of security threats and prepare them as to how they may combat with any unforeseen situation.

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

ایکس سی ایم جی کا بہترین آپریٹر پروگرام اسمارٹ مینوفکچرنگ دور کے مقابلوں کے لیے مستقبل کے رہنما تیار کر رہا ہے

سوچو، چین، 6 ستمبر 2018ء / پی آر نیوز وائر / — تعمیراتی مشینری بنانے والا دنیا کا معروف ادارہ ایکس سی ایم جی رواں موسم گرما میں گلوبل ایکسلنٹ آپریٹر پروگرام (“پروگرام”) کا ساتواں ایڈیشن منعقد کر رہا ہے جہاں چین اور دیگر چھ ممالک سے آنے والے 90 افراد تربیت کے لیے شعبے کے ماہرین اور تجربکار اساتذہ کے زیرنگرانی تربیتی سیشنز کے سلسلے میں حصہ لیں گے۔

تربیت حاصل کرنے والے ہر فرد کی سطح قابلیت اور ضرورت کو مدنظر رکھتے ہوئے تربیت کار سبق کی مختلف منصوبہ بندیاں رکھتے ہیں جس سے ہر فرد کو ان صلاحیتوں میں مہارت حاصل کرنے کا موقع ملے گا جو مصنوعی ذہانت اور جدید مینوفیکچرنگ کے انقلابی تبدیلیوں کے حامل شعبے میں کامیابی کے لیے ضروری ہیں۔ تعمیرانی مشینری کی صںعت کے مستقبل سے متعلق جاننے کے لیے اس پروگرام میں سہ-جہتی نقول، ایک مقابلہ مہارت، رہنما سیشنز، چلانے اور تیار کرنے کے تربیتی کورسز کے علاوہ ایکس سی ایم جی کے انتہائی وزنی مٹی کھودنے والی مشینوں کے لیے جدید مینوفکچرنگ کارخانہ کا دورہ بھی شامل ہے۔

ایکس سی ایم جی کے نائب پارٹی سیکرٹری لی گی نے کہا کہ ’’ہم تربیت حاصل کرنے والے تمام افراد کی مہارت اور جذبے کے باعث پرجوش ہیں جو چین اور دنیا بھر کے دیگر ممالک سے پروگرام میں شرکت کر رہے ہیں۔ تعمیراتی مشینری کے شعبے میں کامیاب کیریئر کے لیے بنیادی حیثیت ان زبردست تبدیلیوں کو سمجھنے اور اپنانے کی قابلیت ہے جو جدید مینوفکچرنگ کے دور سے ہماری کاروباروں میں شامل ہو رہا ہے۔ ایکس سی ایم جی کے عالمی معیار کے جدید مینوفکچرنگ طریقہ کار مستقبل کے مؤجد اور رہنما بننے کے لیے درکار مہارت حاصل کرنے کا بہترین طریقہ ہے۔‘‘

رواں برس ہونے والے سیشن میں شرکت کرنے والے غیر ملکیوں کا تعلق پاکستان، فلپائن، ایتھوپیا، کویت، قطر اور منگولیا سے ہے۔ پروگرام کے سہولت کاروں نے سوچو کی تاریخ، ثقافت اور لوک رواجوں سے متعارف کروانے کے لئے ٹیم بلڈنگ اور ثقافتی سرگرمیوں کا انعقاد کیا۔

کویتی سودھی پشکران نے کہا کہ ’’پروگرام مختلف ممالک کے آپریٹرز سے ملاقات کے ساتھ ساتھ ایکس سی ایم جی کی روایتی مینوفکچرنگ سے ڈیجیٹل، نیٹ ورک سے منسلک اور جدید حلوں کی طرف منتقلی کے بارے میں جاننے کا موقع فراہم کر رہا ہے۔‘‘

پروگرام ان 14 منصوبوں میں سے ایک ہے جو ایکس سی ایم جی کی عالمی عوامی فلاحی مہم ’’ایک بہتر زندگی کے لیے‘‘ کا حصہ ہے جس سے، 2016ء میں شروع کے بعد سے، دنیا بھر کے 300 سے زائد افراد استفادہ کر چکے ہیں۔

ایکس سی ایم جی  کے بارے میں

ایکس سی ایم جی ایک کثیر القومی بھاری مشینری بنانے والا ادارہ ہے جو 74 سال کی تاریخ رکھتا ہے۔ یہ اس وقت عالمی تعمیراتی مشینری صنعت میں چھٹا درجہ رکھتا ہے۔ ادارہ دنیا بھر کے 182 سے زیادہ ممالک اور خطوں کے لیے برآمدات کرتا ہے۔

مزید معلومات کے لیے ملاحظہ کیجیے : http://www.xcmg.com، یا ایکس سی ایم جی کے صفحات: فیس بک، ٹوئٹر، یوٹیوب، لنکڈان اور انسٹاگرام۔