Tag Archives: FPCCI

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

FPCCI Organizes Roundtable on Water Scarcity in Pakistan

Karachi, August 30, 2018 (PPI-OT): The Research and Policy Division of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) organized Roundtable on water scarcity in Pakistan at FPCCI Head Office Karachi, Capital Office Islamabad and Regional Office Lahore through Video conferencing. The aim of this roundtable was to discuss the water scarcity in Pakistan for minimizing risk and maximizing benefits. The session was graced by Lieut. General ® Muzammil Hussain Chairman WAPDA and attended by Leaders of Business Community, Office Bearers of FPCCI, water research councils, stakeholders, representative of academia and trade bodies.

In his welcome address, Mr. Ghazanfar Bilour President FPCCI stated that Water scarcity presents a transnational and transboundary problem which seriously affects our agriculture and industrial sector productivity. He added that Pakistan has very little capacity of storage water compared to India, China and USA. Successful reforms in the water sector need to be accompanied by improvements in the agricultural production techniques, recycling plants and construction of small and large dams. FPCCI Vice Presidents Mr. Tariq Haleem, Mr. Zahid Saeed, Mr. Waheed Ahmed, Mr. Karim Aziz, Mr. Arfan Yousuf, Mrs. Saeeda Bano, Mrs. Shabnum Zafar and Mr. Shafique Anjum also highlighted water scarcity issues and emphasized on concrete steps for resolving the issues.

In his remarks, Mr. S. M. Muneer Former President FPCCI stated that water scarcity is a serious issue in Pakistan which may dry-out Pakistan by 2025 because of over depletion, overexploitation and pollution of water resources. Pakistan is blessed with one of the world’s best and largest irrigation system, but we failed to get maximum benefit from the system by utilizing efficiently. At present per capita availability of water is just 1000 cubic meters. He also highlighted challenges related to the global warming like rising of sea level, high temperature, frequency of flood, high frequency of droughts and melting of glaciers etc. but Pakistan doesn’t prepare itself for these challenges.

Mr. Iftikhar Ali Malik, Sr. Vice President SAARC-CCI stated that water is a chronic issue that affects yield per hectare, livestock, energy and minerals explorations. There is a need that all provinces and political parties should be same page for resolving of water issues. He added that industrial and household waste is another issue that affects the quality of water and subsequently increases death rate due to water borne diseases.

Lt. Gen Muzammil Hussain ®, Chairman WAPDA in his keynote address said that WAPDA being the biggest stakeholder is aware on water issues whereon economic growth, food security, development and security of Pakistan depend. He added that Pakistan receives 145 million acre feet of water every year but only 14m acre feet of water is preserved. Due to soil gathering at the base of Tarbela and Mangla Dam, the storage capacity of the dam has decreased by 35 to 40 percent.

At present the capacity of water storage is only for 30 days and 94 per cent of surface and groundwater is used for agriculture in Pakistan. He stated that lack of governance is the main problem as there are many anti-dams lobbies that are under control of donors. Pakistan need concrete steps for resolving of water issues like adoption of water efficient technologies, water safety and saving system in agriculture, as Pakistan ranked 46th out of 48th countries in water efficient usage country.

During the technical session, Dr. Mirza Ikhtiar Baig Chairman FPCCI Standing Committee Banking, Finance and Credit indicated that if Pakistan doesn’t take immediate measures to build water reservoirs then Pakistan will face serious crises of water which will be more devastating than terrorism. He also highlighted violation of Indus water treaty agreement by India in term of building of dams on those rivers which are flowing towards Pakistan. Mr. Waseem Vohra Chairman Industry-Academia Committee on Water highlighted wasting of rain water and absence of recycling water.

Mr. Mazhar Talpur President Mega Tech also suggested usage of water efficient technologies. Dr. Moazzam Ali Khan highlighted the movement of saline and contaminated sea water towards the Indus River and water losses during the distribution to household in Karachi. Dr. Shafqat Kakakhel from Glacier Protection Organization suggested the implementation of minimum hygienic standards in water usage. Dr. Ayub Qutub, Director PIEDAT highlighted the social practices in water usage in Pakistan like usage of water in producing sugarcane and others etc and emphasized on the control of water usage.

Mr. Waqar uddin Siddiqui Director NDMA talked about the initiative taken by NDMA for controlling of floods and disasters in Pakistan like disaster policy, 10 years flood management plan and creation of disaster funds etc. Dr. S. M. Imran Professor NED University highlighted the exploration of ground water resources by India on border which may create shortage of ground water to Pakistan. Mr. Tahir Imran Qureshi from NFCIET underlined Thar situation where people are drinking highly saline and fluoride water and facing bones and kidney related diseases. Moreover, malnutrition is another issue that increases the death rates in Pakistan.

During the open discussion session, the participants highlighted corruption related issues, tanker mafia, dumping of industrial wastage in sea, evaporation-losses from reservoirs and creation of reliable data of water resources, frequency of flood, high frequency of droughts, melting of glaciers and establishing of dam by India and Afghanistan etc and suggested installation of desalination plant in Karachi, Reverse Osmosis plant, good governance, establishment of Kalabagh and all other dams, creation of barrage, price of water usage in agriculture sector, maintenance and repairance/restoration of Tarbela and Mangla dams, rivers, canals and storage of rain water and improvement of water quality for food security, alleviation of poverty, stability, sovereignty etc. The house also emphasized that private sector should collaborate with government for resolving water issues and creation of dams.

The house decided to form FPCCI Committee on water scarcity under the head of Mr. S. M. Muneer who will meet and make presentation on water issue to Prime Minister. The committee will make necessary recommendations to be gathered from water experts.

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

FPCCI felicitates Imran Khan on assuming charge of 22nd Prime Minister

Karachi, August 20, 2018 (PPI-OT): Syed Mazhar Ali Nasir, Senior Vice President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has extended heartiest felicitation to Imran Khan on assuming the charge of the 22nd Prime Minister of the Islamic Republic of Pakistan. Referring to Imran Khan’s maiden speech, he said that his resolve to ensure strict accountability across the board was highly appreciated by the business community in particular and the masses in general.

He hoped that under his dynamic leadership the cash starved country would be steered out of the inherited multi-faceted economic and foreign policy challenges and assured him of all-out support from FPCCI in strengthening Pakistan’s economy.

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

Exemption from advance payment Letters of Credit margin

Karachi, July 30, 2018 (PPI-OT): The FPCCI has expressed its concern over the withdrawal of facility extended to the local importers by the State bank of Pakistan at a time when the industrial sector was already in deep crisis due to high cost of inputs and several other problems such as electricity and gas, raw material prices, inflation and high cost of doing business.

In a statement it said that requirement of advance payments against irrevocable Letters of Credit (LC) up to 100 percent of the value of the goods and up to US$10,000 per invoice for the import of all eligible items would result in severe liquidity crunch which would increase the probability of default in payment of short term liabilities.

The FPCCI pointed out that the industrial growth was already below the mark while the GDP growth failed to meet the target and as such this step would further increase the cost of production which would make local products more competitive in international as well as national market.

Keeping in view the existing economic conditions FPCCI has demanded that all industrial raw materials be exempted from the requirement of LC margin while finished products should be subject to – percent margin and luxury goods including home appliances be subject to maximum LC margin of – percent. On the other hand, FPCCI urged that State Bank of Pakistan to restrict the commercial banks from implementing this policy until the business community is on board with SBP.

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

Exemption from advance payment Letters of Credit margin

Karachi, July 30, 2018 (PPI-OT): The FPCCI has expressed its concern over the withdrawal of facility extended to the local importers by the State bank of Pakistan at a time when the industrial sector was already in deep crisis due to high cost of inputs and several other problems such as electricity and gas, raw material prices, inflation and high cost of doing business.

In a statement it said that requirement of advance payments against irrevocable Letters of Credit (LC) up to 100 percent of the value of the goods and up to US$10,000 per invoice for the import of all eligible items would result in severe liquidity crunch which would increase the probability of default in payment of short term liabilities.

The FPCCI pointed out that the industrial growth was already below the mark while the GDP growth failed to meet the target and as such this step would further increase the cost of production which would make local products more competitive in international as well as national market.

Keeping in view the existing economic conditions FPCCI has demanded that all industrial raw materials be exempted from the requirement of LC margin while finished products should be subject to – percent margin and luxury goods including home appliances be subject to maximum LC margin of – percent. On the other hand, FPCCI urged that State Bank of Pakistan to restrict the commercial banks from implementing this policy until the business community is on board with SBP.

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

FPCCI Executive Committee meeting held at Federation House

Lahore, July 23, 2018 (PPI-OT): The Executive Committee (EC) meeting of the Federation of Pakistan Chambers of Commerce and Industry was held Federation House (in chair) and regional offices through video link to discuss the current economic situation with special reference to export package 2018-2, strategy Trade Policy Framework (STPF) 2018-23, recent hike in POL prices and its impact on economy.

During the meeting members passed unanimous resolution strongly condemning the blast in Peshawar and Mastung, Balochistan. They also expressed deep grief and sorrow over loss of precious lives in the blast and lauded the efforts of the Pakistan Armed Forces in eradicating terrorism from the soil of Pakistan and hoped that remaining few terrorist would soon be eliminated from the country.

The meeting also expressed its heartfelt condolences to President FPCCI Ghazanfar Bilour and his family on the martyrdom of Barrister Haroon Bilour. It also expressed grief over the martyrdom of Siraj Raisani and expressed its heartfelt condolences.

The meeting offered Fateha for the departed soul and extended deepest sympathies to the members of the bereaved families. The meeting demanded all required help and assistance for the families of the departed souls and proper medical care for those injured in the bomb blast from the Federal and the Provincial government of Baluchistan.

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