LCCI president concerned over Karachi unrest

LAHORE: The Lahore Chamber of Commerce and Industry on Thursday expressed deep concern over prevailing violent situation in Karachi and called for early restoration of peace and revival of economic activities in the city.

In a statement, LCCI President Farooq Iftikhar said that unrest in the largest port city was not only disrupting the entire economic cycle but also tarnishing the image of the country.

A one-day strike or shutdown in Karachi causes loss of Rs 3-4 billion to the economy besides hitting hard around 2.5 million daily wagers working in 4000 industrial units and 600,000 retail shops.

Farooq Iftikhar said that peace in all parts of the country was a prerequisite to keep wheel of the economy running.

Shalimar Link Road traders support PIAF-Founders Alliance

LAHORE: As many as 120 members of Shalimar Link Road Traders Association have announced to give votes to the PIAF-Founders Alliance Associate Class candidates.

The announcement was made by the President of Shalimar Link Road Traders Association Haji Manzoor Ahmad during the visit of PIAF-Founders Alliance leaders Mian Anjum Nisar, Iftikhar Ali Malik, Muhammad Ali Mian, Sheikh Muhammad Asif and candidates for Associate Class Sohail Lashari, Khawaja Khawar Rasheed, Talha Tayyab, Raja Hamid Riaz, Rizwan Ali Khalid, Muhammad Haroon and Muhammad Akram on Wednesday. General Secretary of Association Azhar Chaudhry, Vice President Umair Muhammad Atif, Ramzan Chughtai, Haji Shaukat Ali, Muhammad Bashir and Muhammad Irfan were also present on the occasion.

Members of the Association pledged to support the PIAF-Founders Alliance in the LCCI elections and said that Alliance has opened doors for the traders and left no stone unturned to solve their problems.

PIAF-Founders Alliance leaders said that PIAF-Founders Alliance would continue its efforts to get issues of business community solved.

Meanwhile, traders of Montgomery road also announced to support PIAF-Founders Alliance candidates.

PIAF-Founders Alliance leaders Mian Misbah-ur-Rehman and Mian Shafqat Ali are also running campaign for Corporate Class leaders.

Renowned industrialist Muhammab Ibrahim is hosting a dinner in honor of PIAF-Founders Alliance candidate on September 12.

FPCCI urges customs agents to call off strike

ISLAMABAD: FPCCI President Zubair Ahmed Malik has suggested to All Pakistan Customs Agents Association (APCAA), Karachi Customs Agents Association (KCAA) and All Pakistan Bonded Carrier Association (APBCA) to call off their countrywide strike, which commenced from Tuesday, for an indefinite period against the FBR move of issuing recovery notices to customs agents and bonded carriers in International Security Assistance Force’s (ISAF) for missing containers scam.
According to the statement, President FPCCI said that the strike would hamper the clearance of goods at ports and is likely to result in demurrages on the consignments affecting the overall movement of goods across Pakistan.
He further lamented that more than 1,200 imports and 800 exports GDs at Karachi and Bin Qasim Ports on daily basis would come to a standstill with this strike. It will affect the timely shipment of goods and their clearance at ports which would result in a shortfall to the tune of Rs. 10 billion per day.
Zubair proposed that it would be in the national interest that instead of observing strike the associations concerned could negotiate their demands with FBR for settlement of their issues.

Govt facilitating export of Pakistan’s manpower: Munir Qureshi

RAWALPINDI: Government is taking various initiatives and streamlining the matters to encourage and facilitate the private sector so that it could contribute more effectively in promoting export of Pakistan’s manpower to all potential markets.

Mr. Munir Qureshi, Secretary Ministry of Overseas Pakistanis and Human Resource Development said this while addressing business community at Islamabad Chamber of Commerce & Industry.

He said the main focus of the government is to reduce the unemployment from the country and Ministry of Overseas Pakistanis & Human Resource Development would take all possible measures to address the problems of Overseas Employment Promoters (OEPs) and facilitate them to enhance the export of manpower.

Munir Qureshi said that efforts are afoot to improve the working of vocational training institutes to increase the competitiveness of our human talent and export well trained & skilled manpower abroad. He said the insurance cover for Overseas Pakistanis is being enhanced from current two years to their first employment contract period. He said that pension plans for returning Overseas Pakistanis are being considered so that when they return home, they may not face financial problems.

In his welcome address, Zafar Bakhtawari, President, Islamabad Chamber of Commerce & Industry said that Pakistan has huge potential to promote export of its manpower by developing skills and providing proper training to its human resource and government should support the private sector to fully realize the manpower export potential of the country.

Zubair Ahmad Malik, President, FPCCI said that overseas manpower is the great wealth of the nation and government should do more for their welfare. He said Pakistani manpower is more productive as compared to the human resource of Pakistani competitors and FPCCI is ready to cooperate with the government to further improve their training and skills.

At this occasion, representatives of OEPs highlighted their problems and stressed for their redressal. They said Overseas Pakistanis Foundation (OPF) should provide better facilities to Overseas Pakistanis including education and housing etc.

Pakistan can be superpower of world halal market: Malaysian Minister

LAHORE: Malaysian State Minister for Religious Affairs and Domestic Trade Haji Abdul Malik Kassim said that Pakistani Halal Products are fast gaining ground in international halal market; therefore; the government should expedite measures to start certification to give required boost to this trade that has 16 percent share in total world trade.

The Malaysian Minister was speaking at Halal Food Exporters Conference held in connection with Lahore Shopping Festival 2013 and organized by the Lahore Chamber of Commerce and Industry in collaboration with Punjab Government.

LCCI President Farooq Iftikhar, Senior Vice President Irfan Iqbal Sheikh, Vice President Mian Abuzar Shad, Chairman Halal Development Agency Justice (retd) Khalilur Rehman Khan, Secretary Livestock Sajid Yousafani, Professor Nadeemul Hassan, Dr Mufti Ahsan Zafar, Syed Shaukat Ali Shirazi, Dr Sakhawat Ali, Dr R H Usmani, Prof Dr Faqir Ahmad Anjum, Dr Manzoor Ahmad Chaudhry, Muhammad Zubair Mughal, Dr Zafar Iqbal and Convener LCCI Standing Committee on Halal Food Nasib Ahamd Saifi spoke on the occasion.

Haji Abdul Malik Kassim said that Pakistan has the potential to become superpower of Halal Industry since it has all the required ingredients and potential. He said that it was a good omen that the Punjab Government had already started work on Halal certification and the Conference organized by the Lahore Chamber of Commerce and Industry in Collaboration with the Punjab government would go a long way in further strengthening the hands of the exporters of Halal products.


Delay in MFN status to India against Pakistan’s interests: Farida Rashid

ISLAMABAD: Islamabad Women Chamber of Commerce and Industry (IWCCI) President Farida Rashid said that granting of most-favoured-nation (MFN) status to India shouldn’t be delayed anymore as it is a matter of national interest.


Granting MFN status to India will accelerate development of industry, agriculture and services sector while it would provide relief to masses facing high inflation, said Farida Rashid, President IWCCI.

Talking to business community, she said that improved Pakistan-India relation will have a positive impact on the region while whole world will benefit from it.

She called upon EU to allow zero duty on Pakistan exports from January 2014 so that economy can get sigh of relief.

Farida Rashid said that there is no justification in upward revision of the key policy rate by the SBP.

Pakistan offers best investment climate in region: Malik Zubair

ISLAMABAD: President FPCCI Zubair Ahmed Malik said that Pakistan offers best investment-friendly and incentives-driven policies in the region offering countless opportunities to foreign investors.

Pakistan offers over 180 million consumers, huge untapped resources, fully convertible currency, unrestricted equity, unconstrained profit repatriation, no compulsion for a local partner, no double taxation and attractive tax breaks which has so far lured 600 multinationals with 100 from UK into this promising market, he added.

Malik Zubair Ahmed said this while talking to a group of British journalists including Fatima Ruiz Moreno, Paulina Gallardo and Benjamin Gavina, who called on him at FPCCI.

Pervaiz Rashid launches Export Guide at LCCI

LAHORE: Federal Minister for Information and Broadcasting Senator Pervaiz Rashid said that competence, technology and innovation are the prerequisite to penetrate the global market; therefore, businessmen should focus on product development to enlarge their market share.

The Federal Minster was speaking at the launching ceremony of Export Guide at the Lahore Chamber of Commerce and Industry. LCCI President Farooq Iftikhar, Vice President Mian Abuzar Shad and writer of the book Ishtiaq Hussain also spoke on the occasion while former LCCI Presidents Mian Anjum Nisar, Mian Misbahur Rehman, Muhammad Ali Mian, Mian Muzaffar Ali, former Senior Vice President Malik Tahir Javaid, Sheikh Muhammad Arshad and former Vice President Aftab Ahmad Vohra were prominent among the participants.

The Federal Minister conceded that Pakistan’s share in global exports is nominal and Pakistani entrepreneurs should take this as a challenge and go all out for exports.

LCCI calls for proper utilisation of Export Development Fund

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Farooq Iftikhar said that the under-utilisation of Export Development Fund (EDF) is hitting the exports hard. Therefore, a new mechanism should be put in place to ensure its proper spending.

The LCCI president was speaking at the launching ceremony of report on “Proper Utilisation of Export Development Fund” here at Lahore Chamber of Commerce and Industry.

The report on EDF was prepared by the Policy Research Institute of Market Economy (PRIME) – an independent think tank, with the support of Centre for International Private Enterprise (CIPE). Prime Executive Director Ali Salman and Economic Analyst Sara Javaid gave presentation on the report.