Daily Archives: October 11, 2018

کھلاڑیوں اور شائقین کے کرکٹ تجربے کو بدلنے کے لیے انیل کمبلے کے مائیکروسافٹ کی مصنوعی ذہانت سے لیس پاور بیٹ کی اسٹار انڈیا کے ساتھ شراکت داری

مائیکروسافٹ، اسٹار انڈیا اور انیل کمبلے فوری پاور اسپیکس کے ساتھ شائقین کی شمولیت کو نئے سرے سے مرتب کریں گے

ممبئی، بھارت، 11 اکتوبر 2018ء/پی آرنیوزوائر/– مائیکروسافٹ کارپوریشن اور انیل کمبلے کا ٹیکنالوجی اسٹارٹ اپ، اسپیکٹاکوم ٹیکنالوجیز، نشریاتی شراکت دار اسٹار انڈیا کی مدد سے جمعرات کو پاور بیٹ کو متعارف کروانے کے لیے اعلان کرنے جمع ہوئے۔ پاور بیٹ کھلاڑیوں، کوچز، تبصرہ کاروں اور ناظرین کو کھیل میں شامل ہونے اور اپنے کھیل کو بہتر بنانے کا ایک مکمل نیا اور انوکھا طریقہ فراہم کرتا ہے جو مصنوعی ذہانت اور انٹرنیٹ آف تھنگز (آئی او ٹی) سروسز استعمال کرنے والے مائیکروسافٹ ازورے کلاؤڈ پلیٹ فارم سے لیس ہے۔https://prnewswire2-a.akamaihd.net/p/1893751/sp/189375100/thumbnail/entry_id/1_fhth1cx3/def_height/400/def_width/400/version/100011/type/1

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مائیکروسافٹ اسپیکٹاکوم اور اس کے بانی سابق کپتان بھارتی کرکٹ ٹیم انیل کمبلے کے ساتھ مل کر پروڈکٹ کو اسکیل اپ پروگرام کے حصے کے طور پر انکیوبیٹ اور لانچ کرنے کے لیے کام کر رہا ہے۔ بھارت میں کرکٹ کے سب سے بڑے براڈکاسٹر اسٹار انڈیا نے حالیہ سیریز میں فوری اعداد و شمار اور کھیل کے ادراک کو براہ راست میدان سے پیش کرنے کے لیے اس ٹیکنالوجی کا استعمال کیا۔

مائیکروسافٹ کے ایگزیکٹو نائب صدر پیگی جانسن نے کہا کہ “ہم شائقین، کھلاڑیوں اور کوچز کے کرکٹ تجربے کو بہتر بنانے کے لیے اسپیکٹاکوم اور اسٹار انڈیا کے ساتھ کام کا حصہ بننے پر خوش ہیں۔ ہم دیگر صنعتوں میں کنیکٹڈ ڈیوائسز کے اثرات کو پہلے ہی دیکھ چکے ہیں اور ہمارا ماننا ہے کہ مصنوعی ذہانت اور کلاؤڈ سروسز میں جدّت کے ساتھ یہ کئی ممکنات کی بس شروعات آغاز ہے اور صرف کرکٹ ہی نہیں بلکہ تمام کھیلوں میں۔”

سنجے گپتا، مینیجنگ ڈائریکٹر، اسٹار انڈیا نے کہا کہ “اسٹار انڈیا کھیلوں کے شائقین کے تجربات کی جدّت اور اسے بڑھانے کے لیے ہمیشہ کوشش کرتا رہا ہے۔ مختلف زبانوں میں نشریات اور سلیکٹ ڈگ آؤٹ سے وی آر اور واچ این پلے تک، ویوو آئی پی ایل کی کوریج شائقین کی شمولیت کو بڑھانے کے لیے ٹیکنالوجی کے استعمال سے ہماری وابستگی کے نئے معیارات کو ظاہر کرتی ہے۔ پاور بیٹ اسی سمت میں ایک اور قدم ہے اور ہماری نظریں اسے اپنے شراکت داروں تک لانے کے لیے انیل کمبلے (اسپیکٹاکوم) اور مائیکروسافٹ کے ساتھ شراکت پر مرکوز ہیں۔”

انیل کمبلے، سابق کپتان بھارتی کرکٹ ٹیم اور بانی اسپیکٹاکوم کے مطابق “ہمارا وژن کھیلوں کے فوری اعداد و شمار استعمال کرکے دلچسپی کے مختلف طریقوں سے صارفین کو کھیلوں کو قریب لانا ہے۔ اسی دوران یہ پہلو بھی اہم ہے کہ استعمال ہونے والی ٹیکنالوجیز رواں ہوں اور کھیل میں رکاوٹ کا سبب نہ بنیں یا کھلاڑیوں کو پریشان نہ کریں۔ مائیکروسافٹ کے ساتھ ہم نے ایک محفوظ اور مؤثر حل بنا لیا ہے اور اسٹار انڈیا کی صورت میں ہمیں ایسا شراکت دار مل چکا ہے جو شائقین کو ترغیب و تحریک دے سکتا ہے۔”

پاور بیٹ ایک انوکھا تصور ہے جس میں ایک کم وزن ازورے اسفیئر-پاورڈ اسٹکر بلّے کے شانے پر لگایا جاتا ہے جو بالکل بھی پریشان نہیں کرتا۔ براہ راست میچ میں جیسے ہی بیٹسمین گیند کو ہٹ کرتا ہے مختلف مقداروں پر ڈیٹا (گیند اور بلّے کے ٹکرانے پر رفتار، ضرب پر آنے والا خم اور شاٹ کا معیار گیند کے بلّے کے سوئٹ اسپاٹ پر ٹکرانے کا فیصد حصہ) پیمائش کے ایک نئے یونٹ پر حاصل کرلیا جاتا ہے جسے پاور اسپیکس کا نام دیا گیا ہے۔ مائیکروسافٹ ازورے اسفیئر یقینی بناتا ہے کہ ڈیٹا محفوظ انداز میں حاصل اور پروسیس کرلیا گیا ہے۔ ازورے پر جدید ترین اینالٹکس اور اے آئی سروسز کو استعمال کرکے فوری نتیجہ اسٹمپ باکس میں حاصل کیا جاتا ہے اور براڈکاسٹر کے ذریعے اسکرین پر ظاہر کیا جاتا ہے۔ پریکٹس یا کوچنگ کے دوران یہ ڈیٹا ایک موبائل ایپ کے ذریعے دیکھا جا سکتا ہے۔

اگرچہ اسپیکٹاکوم کی متعارف کردہ ٹیکنالوجی کا یہ کرکٹ میں اپنی نوعیت کا پہلا استعمال ہے، لیکن مائیکروسافٹ، انیل کمبلے اور اسٹار انڈیا کے لیے یہ کئی کھیلوں میں محض پہلا کھیل ہے کہ جہاں اسے استعمال کیا جا سکتا ہے۔

مائیکروسافٹ سمجھتا ہے کہ اس کی ٹیکنالوجی اور افرادی قوت کا فائدہ اٹھا کر کھیلوں کی ٹیموں اور تنظیموں کو اپنے سخت ترین چیلنجز سے نمٹنے میں مدد ملے گی۔ ادارے کے انٹیلی جینٹ کلاؤڈ اور پروڈکٹیوٹی سلوشنز کا فائدہ اٹھا کر دنیا بھر میں پھیلی کھیلوں کی تنظیمیں شائقین سے منسلک کر رہی ہیں، اپنی ٹیم اور کھلاڑیوں کی کارکردگی کو بہتر بنا رہی ہیں اور اپنے کاموں کو نئے و جدید انداز میں منظم کر رہی ہیں۔

مائیکروسافٹ کے بارے میں

مائیکروسافٹ (نیس ڈیک “MSFT” @microsoft) ایک انٹیلی جینٹ کلاؤڈ اور انٹیلی جینٹ برتری کے دور کے لیے ڈجیٹل تبدیلی کو ممکن بناتا ہے۔ اس کا ہدف زمین پر موجود ہر شخص اور ہر ادارے کو زیادہ سے زیادہ کے حصول کے لیے طاقت فراہم کرنا ہے۔

اسپیکٹاکوم ٹیکنالوجیز کے بارے میں

اسپیکٹاکوم جدید ترین سینسر ٹیکنالوجی کے ذریعے کھیلوں کی نئی تشریح اور شائقین کی شمولیت کا نیا تصور لا رہا ہے۔ اس کا ہدف کھیلوں کے اربوں شائقین تک پہنچنا ہے۔ اسپیکٹاکوم “کھیل میں شمولیت” کے لیے شائقین کے شریک ہونے تجربے کو ممکن بناتا ہے۔

اسٹار انڈیا کے بارے میں

اسٹار انڈیا 1991ء سے بھارتی میڈیا منظرنامے کو ترتیب دے رہا ہے اور آج ملک کے سب سے بڑے میڈيا اداروں میں سے ایک ہے، جو بھارت اور 100 سے زیادہ دیگر ممالک میں ایک مہینے میں 700 ملین سے زيادہ ناظرین رکھتا ہے۔ اسٹار ہر سال 30,000 گھنٹوں سے زیادہ کا مواد پیش کرتا ہے اور 8 مختلف زبانوں میں 60 سے زیادہ چینلز رکھتا ہے، جو بھارت میں 10 میں سے 9 سی اینڈ ایس ٹی وی گھروں تک پہنچتا ہے۔ اسٹار انڈیا 21سٹ سنچری فوکس کا ماتحت ادارہ اور مکمل طور پر اسی کی ملکیت ہے۔

نیٹ ورک کے تفریحی چینلوں کے پورٹ فولیو میں اسٹار گولڈ، اسٹار گولڈ ایچ ڈی، اسٹار گولڈ سلیکٹ، اسٹار گولڈ سلیکٹ ایچ ڈی، اسٹار ورلڈ، اسٹار ورلڈ ایچ ڈی، اسٹار ورلڈ پریمیئر ایچ ڈی، اسٹار موویز، اسٹار موویز ایچ ڈی، اسٹار موویز سلیکٹ ایچ ڈی، اسٹار اتسو، اسٹار اتسو موویز، اسٹار بھارت، اسٹار بھارت ایچ ڈی، موویز اوکے، نیشنل جیوگرافک، نیشنل جیوگرافک ایچ ڈی، نیٹ جیو وائلڈ، نیٹ جیو وائلڈ ایچ ڈی، فوکس لائف، نیٹ جیو پیپل، نیٹ جیو پیپل ایچ ڈی، نیٹ جیو میوزک، نیٹ جیو میوزک ایچ ڈی، بے بی ٹی وی، بے بی ٹی وی ایچ ڈی اور بھارت کے نمبر 1 ہندی عام تفریحی چينل اسٹار پلس، اسٹار پلس ایچ ڈی شامل ہیں۔ یہ علاقائی نشریات میں بھی نمایاں موجودگی رکھتا ہے جس میں اسٹار جلشا، جلشا موویز، اسٹار پراوا، اسٹار پراوا ایچ ڈی، ما چینلز (اسٹار ما، اسٹار ما ایچ ڈی، اسٹار ما گولڈ، اسٹار ما موویز، اسٹار ما موویز ایچ ڈي اور اسٹار ما میوزک) اور ملحقہ چینلز ایشیا نیٹ، ایشیا نیٹ ایچ ڈی، ایشیا نیٹ پلس، ایشیانیٹ موویز، اسٹار سورنا، اسٹار سورنا ایچ ڈی، اسٹار سورنا پلس اور وجے ٹی وی، وجے سپر شامل ہیں۔یہ فوکس اسٹار اسٹوڈیوز کے ذریعے بھارت کی فلمی پروڈکشن اور تقسیم کاری میں بھی شامل ہے۔

اسٹار انڈیا اپنے بہتر مواد اور ناظرین کے حوالے سے گروپ کی مضبوطی کا فائدہ اٹھاتے ہوئے ملک میں کھیلوں کو تبدیل کرنے کے لیے بڑے اقدامات اٹھا رہا ہے۔ اسٹار اسپورٹس کا کاروبار 13 چینلوں (اسٹار اسپورٹس 1، اسٹار اسپورٹس 2، اسٹار اسپورٹس 3، اسٹار اسپورٹس ایچ ڈی1، اسٹار اسپورٹس ایچ ڈی2، اسٹار اسپورٹس سلیکٹ 1، اسٹار اسپورٹس سلیکٹ 2، اسٹار اسپورٹس سلیکٹ 1 ایچ ڈی، اسٹار اسپورٹس سلیکٹ 2 ایچ ڈی، اسٹار اسپورٹس ہندی 1، اسٹار اسپورٹس ہندی 1 ایچ ڈی، بھارت کا پہلا تامل اسپورٹس چینل اسٹار اسپورٹس تامل 1 اور بھارت کا پہلا نجی ایف ٹی اے اسپورٹس چینل اسٹار اسپورٹس فرسٹ) کی ملکیت تک پھیل چکا ہے، جو اسے ملک کا سب سے بڑا اسپورٹس نیٹ ورک بناتے ہیں۔

اسٹار اپنے انقلابی ڈجیٹل پلیٹ فارم ہاٹ اسٹار کے ساتھ ملک میں ڈجیٹل کھپت کے ایجنڈے کو تحریک دے رہا ہے جو دنیا میں سب سے زیادہ تیزی سے ابھرتی ہوئی ایپس میں سے ایک ہے اور بھارت میں انٹرنیٹ کو اختیار کرنے والوں کے لیے پہلا پڑاؤ بنتا جا رہا ہے۔

اسٹار انڈیا 21سٹ سنچری فوکس کی مکمل ملکیت ماتحت ادارہ ہے۔

ہمیں http://www.startv.com/ پر فالو کریں۔

لوگو – https://mma.prnewswire.com/media/24227/microsoft_corp_logo226_9217jpg.jpg

ایڈیٹرز کے لیے ہدایت: مائیکروسافٹ کے بارے میں مزید معلومات، خبروں اور تجزیوں کے لیے http://news.microsoft.com پر مائیکروسافٹ نیوز سینٹر ملاحظہ کریں۔  ویب لنکس، ٹیلی فون نمبرز اور عہدے اشاعت کے وقت درست کیے گئے تھے لیکن ہو سکتا ہے یہ تبدیل ہوگئے ہوں۔ اضافی مدد کے لیے صحافی اور تجزیہ کار مائیکروسافٹ کی ریپڈ رسپانس ٹیم یا http://news.microsoft.com/microsoft-public-relations-contacts پر موجود موزوں افراد سے رابطہ کر سکتے ہیں۔

Anil Kumble’s Microsoft AI-enabled Power Bat partners with Star India to revolutionize cricketing experience for players and fans

Microsoft, Star India and Anil Kumble r edefine fan engagement with real-time Power Speks

MUMBAI, India, Oct. 11, 2018 /PRNewswire/ — Microsoft Corp. and Anil Kumble’s technology startup, Spektacom Technologies, with support from broadcast partner Star India, came together on Thursday to announce the introduction of the Power Bat. The Power Bat provides players, coaches, commentators, fans and viewers with a completely new and unique way to engage with the sport and help improve their game — all powered by the Microsoft Azure cloud platform using AI and Internet of Things (IoT) services.

Microsoft company logo.

Microsoft has been working closely with Spektacom and its founder Anil Kumble, former captain, Indian cricket team, to incubate and launch the product, as part of its ScaleUp program. Star India, the leading cricket broadcaster in India, has used the technology successfully in recent series to provide real-time statistics and insights straight off the oval.

“We’re excited to be a part of the work Spektacom and Star India are doing to enhance the cricket experience for fans, players and coaches,” said Peggy Johnson, executive vice president, Microsoft. “We’ve already seen the impact that connected devices have had in other industries, and we believe that with the advancements in our AI and cloud services, this is just the beginning of what’s possible for not only cricket, but all sports.”

Sanjay Gupta, managing director, Star India, said, “Star India has always strived to redefine and elevate experiences for sports fans. From Multilanguage feeds and Select Dugout to VR and Watch n’ Play, the coverage of Vivo IPL demonstrates our commitment toward creating new benchmarks in how technology is deployed to deepen fan engagement. The Power Bat promises to be another step in the same direction, and we look forward to the partnership with Anil Kumble (Spektacom) and Microsoft in bringing it to our broadcasts.”

According to Anil Kumble, former captain, Indian cricket team, and founder, Spektacom, “Our vision is to bring sports closer to fans through interesting ways of engagement using real-time sports analytics. At the same time, it is important that the technologies used are seamless and do not disrupt the game or obstruct the players. With Microsoft, we have been able to create a secure and effective solution, and with Star India, we have a partner that can stimulate and excite fan engagement.”

The Power Bat is a unique concept whereby a lightweight, Azure Sphere-powered sticker is stuck on the shoulder of the bat — a form factor that is completely unobtrusive. In a live match, as soon as the batsman hits the ball, data on different parameters (speed on impact, twist on impact and quality of the shot — percentage proximity of the ball’s contact to the sweet spot of the willow) are captured in a new unit of measurement titled Power Speks. Microsoft’s Azure Sphere ensures that the data is securely captured and processed. Using advanced analytics and AI services on Azure, real-time insights are captured through the stump box and displayed via the broadcaster. During practice or coaching, the same data can be viewed through a mobile app.

Although the technology introduced by Spektacom today has its first use case in cricket, for Microsoft, Anil Kumble and Star India this is the first of many sports where it can be used.

Microsoft believes in leveraging its technology and its people to help sports teams and organizations solve their toughest challenges. By leveraging the company’s intelligent cloud and productivity solutions, sports organizations worldwide are connecting with fans, optimizing team and player performance, and managing their operations in new, innovative ways.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

About Spektacom Technologies

Spektacom is redefining sports and re-Imagining fan engagement through innovative sensor technology. Its mission is reaching billions of sports fans. Spektacom enables the fan’s participative experience to “be in the game”.

About Star India

Star India has defined the Indian media landscape since 1991 and today is one of the country’s leading media conglomerates, reaching approximately 700+ million viewers a month across India and more than 100 other countries. Star generates 30,000+ hours of content every year and broadcasts 60+ channels in 8 different languages, reaching 9 out of 10 C&S TV homes in India. Star India is a fully owned subsidiary of 21st Century Fox.

The network’s entertainment channel portfolio includes Star Gold, Star Gold HD, Star Gold Select, Star Gold Select HD, Star World, Star World HD, Star World Premiere HD, Star Movies, Star Movies HD, Star Movies Select HD, Star Utsav, Star Utsav Movies, Star Bharat, Star Bharat HD, Movies OK, National Geographic, National Geographic HD, Nat Geo Wild, Nat Geo Wild HD, Fox Life, Nat Geo People, Nat Geo People HD, Nat Geo Music, Nat Geo Music HD, Baby TV, Baby TV HD and Star Plus, Star Plus HD India’s No. 1 Hindi General Entertainment Channel. It has a leading presence in regional broadcasting as well, through a bouquet of channels which include Star Jalsha, Jalsha Movies, Star Pravah, Star Pravah HD, Maa channels (Star Maa, Star Maa HD, Star Maa Gold, Star Maa Movies, Star Maa Movies HD and Star Maa Music) and affiliate channels Asianet, Asianet HD, Asianet Plus, Asianet Movies, Star Suvarna, Star Suvarna HD, Star Suvarna Plus and Vijay TV, Vijay Super. It is also present in the Indian movie production and distribution space through Fox Star Studios.

Star India is making quantum leaps in transforming sports in the country by leveraging the group’s strengths in superior content and audience engagement. Star’s sports business has grown rapidly to 13 channel properties (Star Sports 1, Star Sports 2, Star Sports 3, Star Sports HD1, Star Sports HD2, Star Sports Select 1, Star Sports Select 2, Star Sports Select 1 HD, Star Sports Select 2 HD, Star Sports Hindi 1, Star Sports Hindi 1 HD; India’s first Tamil Sports channel Star Sports Tamil 1 and India’s first private FTA sports channel Star Sports First), making it the leading sports network in the country.

Star is driving the agenda on digital consumption in the country with Hotstar, Star’s revolutionary digital platform which is among the fastest growing apps in the world and is increasingly becoming the first port of call for internet adopters in India.

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PIAF wants probe into massive slide of rupee vs dollar

Lahore, October 11, 2018 (PPI-OT): Pakistan Industrial and Traders Associations Front (PIAF) newly-elected chairman Mian Nauman Kabir has demanded a high-level probe into massive devaluation of local currency by over Rs10 in a single day. He also demanded the State Bank to identify the reasons and share the findings with the business community. He said that Pak rupee has weakened by around Rs22 against the dollar from June 1, 2018. The rupee slide has resulted in around Rs 2,200 billion increase in the country’s debt.

The PIAF Chairman while issuing a statement along with senior vice chairman Nasir Hameed and vice chairman Javed Iqbal Siddiqui, was of the view that the sharp downfall in the rupee value had not only disturbed almost all sectors of the economy but also brought a new wave of price spiral that would not die down despite dollar’s retreat.

Mian Nauman Kabir said that the illegal international transactions in dollar-denominations via Dubai are creating shortage of dollars in the Pakistani open market. The PIAF office bearers appealed the government to direct the Federal Investigation Authority (FIA), Intelligence Bureau, Customs Intelligence and the State Bank of Pakistan to keep strict vigilance to control currency and bullion smuggling. They urged the SBP to immediately take notice of the situation which is causing panic in the currency market.

“10 rupees increase in dollar price in a single day was an unusual phenomenon for a country like Pakistan as the mafia involved in this affair made billions of rupees in a single day while on the other hand those who bought the greenback to fulfill their foreign commitments suffered a great loss.” Chairman PIAF urged the government to take action against shortage of dollar in local market, besides controlling surge of dollar against rupee. PIAF Chairman said the local currency depreciation has inflicted heavy losses on the national economy.

Chairman PIAF said that depreciation valuation of one rupee against the dollar increases external debt by Rs100 billion. He added the implications of depreciation are very serious on the budget deficit, inflation and on cost of doing business. He stated that it is too early to estimate the positive impact of rupee devaluation on exports as export orders will take longer time to materialize.

For more information, contact:
Pakistan Industrial and Traders Associations Front (PIAF)
110/s Kot Lakhpat Industrial Estate, Lahore, Pakistan
Tel: +92-42-5123522
Fax: +92-42-5123522
Email: Info@piaf.pk

SITE President criticizes devaluation

Karachi, October 11, 2018 (PPI-OT): Mr. Saleem Parekh, President, SITE Association of Industry, Karachi, while commenting on the recent massive rupee devaluation by the Government of Pakistan, has said that in spite of the fact that we are in the free-fall basket of currencies, yet the currency is controlled by government through State Bank or directly through Finance Ministry. If we are to act as per free-fall basket of currency, then we have to see that it has to fluctuate as and when the rupee appreciates or depreciates. In this manner fashion, when we do a massive devaluation of 8-9 rupees, it really disturbs the entire system and the inflation goes just unbounded and no strings can be attached to control the inflation in the local market.

He said that the industries are effected in the most severe manner as the raw materials suddenly becomes very expensive. Industries have contracts of sales locally and international for 6 months and sometimes they are even of more than 6 months. So there is remote possibility that one can get a price hike specially in the international market where you are covered under agreements with the buyers. To have this kind of a blow where the cost increases by 10 to 15 pc, is a nightmare for the manufacturing sector.

Due to high hopes of the industrial sector especially exporters towards the sympathetic approach of the government to boost exports, many exporters have already booked latest textile machinery to take advantage of government’s positive policy towards exports but after massive devaluation, cost of machinery will be unbearable and that will slow down the BMR process.

He further commented that even for the export sector, it would be a big setback. Other than natural cotton based commodities, all other commodities are 70 pc import-based. The imports would become expensive. The input would become expensive and the industry would again suffer and this 30 pc would not serve the purpose. On the other hand, hearing the news of depreciation of rupee and appreciation of dollar, the buyers immediately float the idea of reducing the price which actually hurts the industry most. If we look at the recent past, in the last 10 years, there have been massive devaluation in last 4 years, made overnight. At one point in time, a correction was made. But at the most of the time, corrections were never made (CHART ATTACHED).

He further commented that this is a big blow to the Pakistan’s economy. The debt burden has increased by 900 billion in rupee terms and the ability to pay back debts has also effected. When we are doing everything in rupee, the taxation would not serve the purpose and we would not be able to retire our debts. It is a vicious circle. Then we need more money for which we need more taxes and increase in utility prices. So this will end up in lesser exports. We would be higher in cost as compared to our regional competitors, especially Bangladesh where according to previous dollar parity, we were 40 pc more in gas price and almost similar in electricity, minimum wages and so many other things which actually played pivotal role in terms of cost.

So how to run a factory? How industry can be sustainable? Can we sustain with this kind of instability in foreign exchange? he questioned. Can we sustain this attitude of the government to tackle the issues and put the industries in such terrible position. He said that the government should go for the consultation with the industry and stakeholders. On the one hand the government intends to narrow down the trade deficit and on the other hand, it is creating such kind of situation whereby the massive devaluation has been made.

These are all together two different things and if the government thinks that by devaluation, they will be able to increase exports, it is not like this. Specially, in textile sector, the industries which do little business in local markets and more in exports, their local sales will drop and exports sales will suffer as buyers would think that supplier is getting 10 pc more and would ask for price reduction.

“We have started receiving such requests to reduce price in the current orders and quote new prices. If case of no, they are not ready to buy from Pakistan. Today, the government should realize that commodities having logo ‘Made in Pakistan’ are hard to sell in the world markets. If we increase our cost, we will not be going in the right direction,” he added.

He further said that consultation is the keyword. Even if you build a road, you think about diversions first for smooth flow of traffic. He asked the Finance Minister to let the industry know what are the diversions or ways out for the industry in current situation. He said that going to IMF was the last choice but he suggested that it should be taken as stop-gap arrangement and not as continuous policy. We need to formulate a financial discipline in the country which should also be above the political system of the country. All the political parties should sign a Charter of Economy on a long term basis.

Mr. Parekh suggested that there has to be short term, mid-term and long term programs so that industry can decide about future investments, create efficiencies and utilization of their existing production capacities. These are fundamental questions.

Another question is that cost of doing business and cost of manufacturing the country needs to be looked into. Referring to recent visit of Mr. Abdul Razzak Dawood, he said that we have already suggested him to appoint an international agency to prepare a comparison chart of cost of doing business of common commodities, for instance a polo shirt or a bed sheet. The chart should suggest what would be the conversion cost if the same item is manufactured in Bangladesh and same in Pakistan in cotton because today cotton is available at international price. The different between Pakistan and Bangladesh is about 21 pc and no industry in textile can make 21 pc. Textile is a business of low profits and high volumes. It is a business where you cannot earn more than 2-3 pc.

He further said that we would like to float an idea that short term, mid-term and long term strategies must be formulated in consultation with the industry leaders. On short term, government should go to IMF for stop-gap arrangement. On mid-term strategy, the government should immediately prepare the chart of industrial feasibility and input cost and laws of DTRE and Custom bond arrangement, ad-hoc imports which should immediately be made more comprehensive and business friendly and more flexible in future so that industry can get relief and when this comparison chart is evaluated, corrections should be made according to that so that industry could survive and produce their export goods.

Our recommendation is that we should export more and import less. For this purpose, import substitute industries needs to be designed and defined. For this purpose, sectoral research should be made. Research and Development Branch should be constituted in the Commerce Ministry for the setting up of import-substitute industries where people should come up with ideas and this department should also see the profitability of the industry. Industries not running in profits should be looked into.

More jobs creation is our intention in line with PTI government’s commitment to provide 10 million jobs which the government cannot do but can only be done by private sector people for which, profitability of the industry is the key requirement. Bottlenecks needs to be removed like in cotton, contamination is the bottleneck. Wastages should be brought down and new ginning industries should also be set up to provide contamination-free products. In the end Mr. Parekh stressed the Prime Minister, Finance Minister and Commerce Minister that only much needed actions should be taken with consultation of the industry.

For more information, contact:
Secretary General
S.I.T.E. Association of Industry
H-16, Textile Avenue, SITE, Karachi
Pakistan
Tel: +92-21-32562883, +92-21-32560705
Fax: +92-21-32560704
E-mail: site@site-association.org
Website: www.site-association.org

Punjab Government to present Provincial Budget on October 16

Lahore, October 11, 2018 (PPI-OT): A high-level meeting was held at chief minister’s office here today with Punjab chief minister Sardar Usman Buzdar in the chair. It took a detailed review of different proposals with regard to provincial budget and annual development program. The meeting decided that Punjab government will present remaining eight months budget on October 16.

Addressing the meeting, the chief minister said that first budget of the PTI government should fully depict change and added that unrealistic development targets will not be fixed now. Rather, our development program would be in accordance with the needs of the people. Special attention will be given to the development of southern Punjab and policies will be formulated to benefit the common people.

He added that upcoming budget will also redress the wrong policies of the past because the previous government started schemes for their personal projection rather giving any attention to the public welfare. He disclosed that wrong schemes of the past will be revaluated and unnecessary schemes will not be continued. The money saved from such schemes will be spent on public welfare and new example will be set by promoting a culture of austerity and simplicity, he concluded. Finance minister Hashim Jawan Bakht, finance secretary and high officials were also present in the meeting.

For more information, contact:
Directorate General Public Relations, Punjab (DGPR)
Government of the Punjab
21-Mahmood Gaznavi Road (Abbot Road), Lahore, Pakistan
Tel: +92-42-99201390-1-2
Fax: +92-42-99201371-2
E-mail: info@dgpr.punjab.gov.pk
Website: www.dgpr.punjab.gov.pk

Parliamentarians call on Chief Minister Punjab

Lahore, October 11, 2018 (PPI-OT): Punjab chief minister Sardar Usman Buzdar has said that PTI government inherited sagging economy. Regrettably, the past government devastated the national institutions because of its incompetence. Due to the wrong policies of the previous government, problems of the people were compounded and public interest was badly ignored. He was talking to the MNAs and MPAs of the PTI from different districts who called on him at his office.

The chief minister said that Prime Minister Imran Khan is compelled to make difficult decisions to improve the economic conditions and these decisions will become the foundation of the bright future of the country. The prime minister’s vision of Pakistan is a guarantor to the bright future of the country, he added. Our every moment is dedicated to give better future to the people and they will soon perceive positive changes around them. We will transform the country as a new Pakistan.

He said that decisions are being made for public welfare by rising above the political interest and effects of ostensible difficult decisions will be durable and positive. No other friendly government could come into power in Pakistan than the PTI, he added. My doors are always open to the assembly members and their respect is very dear to me. Decisions are being made in Punjab in consultation with the assembly members and the consultation process is bearing positive effects, he concluded.

Those who called on him included MNAs namely Zahoor Hussain Qureshi, Muhammad Afzal Khan Dhandla, Ahmed Hussain Deher, Malik Muhammad Aamir Dogar, Mian Muhammad Shafique, Sahibzada Muhammad Mehboob Sultan, Muhammad Ahmer Sultan, Ghulam Bibi Bharwana, Khurram Shahzad, Raza Nasrullah, Sardar Talib Nakai, Umer Aslam Khan, Amjad Ali Khan, Raja Riaz, Faiz Ullah, Shaneela Ruth, provincial minister Muhammad Asif Nakai, Special assistant Umer Farooq and MPAs namely Ghazanfer Abbas, Latif Nazar, Shakeel Shahid, Syed Abbas Ali Shah and PTI leader Firdous Ashiq Awan.

For more information, contact:
Directorate General Public Relations, Punjab (DGPR)
Government of the Punjab
21-Mahmood Gaznavi Road (Abbot Road), Lahore, Pakistan
Tel: +92-42-99201390-1-2
Fax: +92-42-99201371-2
E-mail: info@dgpr.punjab.gov.pk
Website: www.dgpr.punjab.gov.pk