Belarusian companies visit ICCI to explore development of business cooperation - Fnni.org

Belarusian companies visit ICCI to explore development of business cooperation - Fnni.org

Islamabad (FNNI) A delegation of Belarusian big companies led by Mr. Vladimir Ulakhovich, Chairman, Belarusian Chamber of Commerce and Industry visited Islamabad Chamber of Commerce and Industry to explore development of business and economic cooperation with Pakistan More »

Google’s DeepMind Is Improving Its Human Speech Abilities

Google’s DeepMind Is Improving Its Human Speech Abilities

With the growing use of virtual personal assistants such as Google assistant, Apple’s Siri, Microsoft’s Cortana and Amazon’s Alexa, AI speech itself as well as the language it uses is becoming more and more important. Currently, More »

Nats’ Stephen Strasburg Relieved by Elbow Diagnosis

Nats’ Stephen Strasburg Relieved by Elbow Diagnosis

WASHINGTON — He isn’t out of the woods yet, but Washington Nationals ace Stephen Strasburg is already breathing a sigh of relief after arm troubles knocked him out of his first start back from injury. More »

CM FELICITATES PAKISTANI CRICKET TEAM-Fnni.org

CM FELICITATES PAKISTANI CRICKET TEAM-Fnni.org

LAHORE ( FNNI ) CM Punjab M. Shehbaz Sharif has felicitated Pakistani cricket team on winning the second one-day match and the series against West Indies. In a message of felicitation, the CM said that Babar Azam played an important role in the victory in the second one-day match and deserve credit for his second consecutive century. More »

Turkish delegation visits ICCI to explore business collaborations- Fnni.org

Turkish delegation visits ICCI to explore business collaborations- Fnni.org

Islamabad (FNNI ) A delegation of MUSIAD visited Islamabad Chamber of Commerce and Industry led by Vice Chairman for Fair, Forum and Organization Commission Omur Yildiz and discussed possibilities for further enhancing business collaborations between the private sectors of Turkey and Pakistan. More »

 

Category Archives: Business

FCCI Chinese Language participants may be offered an opportunity for further training in Technical and Business Language in China: Muhammad Saeed Sheikh – Fnni.org

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Faisalabad (FNNI) FCCI Chinese Language participants may be offered an opportunity for further training in Technical and Business Language in China said Engr. Muhammad Saeed Sheikh, President Faisalabad Chamber of Commerce & Industry (FCCI). In this regard, FCCI Chinese Language Course participants headed by Muhammad Din Tahir, Director Research & Development Department visited the Chinese Cultural Centre Islamabad and handed over the written proposals from President FCCI before H. E. Sun Weidong, Ambassador of China to Pakistan.

FCCI 33In this regard, Muhammad Din Tahir also presented invitation letter to H. E. The Ambassador of China to visit FCCI for a business meeting with the Executive Committee and Members of FCCI.

During the visit, the Course participants also attended the opening ceremony of China Cultural Centre in Islamabad. In this regard, a significant number of businessmen and civil society members from all walks of life attended the Ceremony. Moreover, Muhammad Din Tahir, on behalf of President FCCI, presented FCCI Study Report on ‘CPEC – Opportunities & Challenges’ to H.E. the Ambassador of China and Cultural Counsellor of the Center.

 

EOBI Chairman assures to address encroachment issue in I-8 Markaz to facilitate traders – Fnni.org

Islamabad (FNNI) Khaqan Murtaza, Chairman, Employees Old Age Benefit Institution along with Director General Operations Abdul Wahid and Deputy Director General Syed Iqbal Haider Zaidi visited Islamabad Chamber of Commerce and Industry and addressing the business community assured to address the issue of encroachments in I-8 Markaz due suspended EOBI projects so that traders of area could get rid of multiple problems. He said due to cases in court, work on EOBI projects in I-8 Markaz was on hold, but efforts were being made to resolve this issue through negotiations. He said about 18 projects of EOBI were suspended due to court cases and the department was suffering losses of millions of rupees.He EOBI was providing pension to 40 million pensioners while 40,000 employees were being insured every year. He said if this trend continued, EOBI pensioners would touch the figure of 400 million in coming times. He said EOBI has taken steps to facilitate its beneficiaries and has issued ATM cards of Bank Al-Falah to 3 Lac 63 thousand pensioners so that they could draw pension through ATMs. He said EOBI has assets of over Rs.300 billion and it was making investments in PIBs and other safe instruments. He admitted that minimum pension of Rs.5250/month was quite insufficient, but added that pension case was in Supreme Court. He asked the business community to cooperate in the registration of employees in EOBI so that maximum workers could take benefit of its pension.

Speaking at the occasion, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that EOBI was paying minimum pension of the only Rs.5250/month which was totally insufficient to meet even the minimum basic needs of life and urged that EOBI should enhance its minimum pension to at least Rs.10,000/- to ease the woes of its pensioners. He said government used to increase the pension of its employees almost every year, but EOBI was giving rise in pension after a gap of many years. He said that EOBI should link the increase in pension with annual inflation to provide better relief to its pensioners.

He said due to suspended projects of EOBI in I-8 Markaz, parking of the areas was occupied by construction material while footpaths, toilets and other infrastructure has been badly damaged due to which business activities were badly suffering. He said EOBI should remove its encroachments from I-8 Markaz to facilitate the traders.

He said EOBI’s online facilitation system was available only for five days from 9:00 am to 9:00 pm while FBR online system was available for 24 hours. He stressed that EOBI should further streamline its online facilitation system and make it available for 24 hours to facilitate the industrial and commercial establishments. Khalid Malik, Senior Vice President ICCI, Tariq Sadiq, Zafar Bakhtawari, Mian Akram Farid, Sanaullah Khan and others also spoke at the occasion.

44-degree temperature in the month of April has necessitated the need for extensive tree plantation in this agro-industrial city of Pakistan: Mohammad Saeed Sheikh – Fnni.org

FAISALABAD (FNNI) 44-degree temperature in the month of April has necessitated the need for extensive tree plantation in this agro-industrial city of Pakistan, said President Faisalabad Chamber of Commerce and Industry (FCCI) Engineer Mohammad Saeed Sheikh.

He was addressing a function while receiving the donation of hundred plants of “Bogan Baliye”. These plants were donated by Mr. Mohammad Aslam Saeed Chairman FCCI Standing Committee on Beautification and Tree Plantation.

Engineer Mohammad Saeed Sheikh said that Faisalabad has become a jungle of concrete where the tree is gradually reducing at a much faster pace. The reduction in greenery has increased temperature which has now become unbearable even in the month of April. He said that being responsible citizens we must plant maximum trees to offset the ill impacts of hot weather. He termed canal road as the blessing for the people of Faisalabad as it has enough space for the linear plantation. However, he was critical of the cutting of the healthy trees and said that district administration should clearly identify the space which will be utilized for further development so that new plantation could be made only in safe and protected areas.

Mr. Aslam Saeed Chairman FCCI Standing Committee said that 100 plants will be planted to cover the earthen slopes of the road on the eastern side of the canal and in front of FCCI Complex. It will not only save this slope from erosion but also discourage the use of this slope for dangerous passage by unscrupulous elements.

Later President FCCI also planted a sapling while veteran leader Haji Mohammad Shafee prayed for the success of this tree plantation campaign.

The second batch of Chinese Language Course started in FCCI here today – Fnni.org

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FAISALABAD (FNNI) Second batch of Chinese Language Course started in Faisalabad Chamber of Commerce and Industry (FCCI) here today.

Inaugurating the course President FCCI, Engineer Mohammad Saeed Sheikh termed China-Pakistan Economic Corridor (CPEC) as a true game changer for this entire region. He said that it may have positive as well as negative effects and we must try ourselves to get maximum benefit out of it. He said that Pakistan and China are time tested friends but their relations could not be translated into economic terms only due to the language barrier.fcci logoRealizing the importance of this aspect, FCCI had started Chinese Language Course about two months ago which has been recently completed. On the pressing demand of our members, we have decided to start another batch so that workers of our valued members to learn Chinese language and work with the Chinese Engineers and investors with comfort and ease. He particularly appreciated the efforts of VP FCCI Engineer Ahmad Hasan, Director R&D Mr. M.D. Tahir and Madam Kausar Hameed for making this Chinese Language Course a total success.

SVP Rana Sikandar Azam also appreciated the second batch of Chinese Language Course and said that FCCI was also considering a proposal to start other language courses to cater to the needs of our exporters dealing with different countries. He said that a large number of Pakistani workers are employed in the Middle East. They are sending maximum foreign remittances and hence we should also equip them with the Arabic language for their value addition This will not only help them to get better salaries but also help Pakistan to get maximum foreign remittances.The function was also attended by Dr. Habib Aslam Gaba, Chairman FCCI Standing Committee on Training and Development, Mr. M.D. Tahir and Madam Kausar Hameed.

AFMDC is taking comprehensive and proactive steps to transform this institution into a model, leading and state of the art medical college of the country, Mian Mohammad Address  – Fnni.org

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FAISALABAD (FNNI) The administration of Aziz Fatima Medical and Dental College (AFMDC) is taking comprehensive and proactive steps to transform this institution into a model, leading and state of the art medical college of the country, said Mian Mohammad Address Chief Executive Officer AFMDC.

Addressing the annual prize distribution ceremony of the college, he said that the students should keep in mind that their parents are paying hefty fees for their education and they should make their stay in this institution as most productive and fruitful. He congratulated the students who had achieved distinctions in various fields and said that their participation in curricular as well as extracurricular activities are must for their education and grooming of their personality as a god fearing doctor.
He said that being CEO AFMDC, he is bound to provide best capable and highly motivated faculty and facilities to the medical students. Similarly, the students should also play their role in gaining maximum benefit from their teachers who have rich experience in the profession of the medical education. He said that faculty should pay full attention to their students by satisfying the curiosity of their students as well as their parents. He assured that experienced and highly qualified faculty would be hired to make various faculties more active and dynamic. He said that international experts of acknowledged repute would also be requested to visit AFMDC and deliver lectures in their specific field and topic. “If it was no possible even then the management should arrange such lecture through video conferencing so that the students could directly ask questions from the world fame experts”, he added.fcci logo

He told that a comprehensive system for the evaluation of faculty as well as students has also been evolved. It will identify the areas in which improvements are immediately required. He said that preference should be given to the medical graduates of AFMDC for their selection for house job in this hospital. It will provide them basic experience to independently handle the patients of critical nature. He told that the medical graduated from this college have already been picked for house job and now they are working as under training doctors in AFMDC. He said that he intends to further improve the quality of education in this institution and in this connection the faculty has to make concerted efforts.

The function was also addressed by the principal and other faculty members while Mian Mohammad Address distributed prizes among the top position holder students. Chief Operating Officer Ijaz Hussain was also present during this function.

FCCI Engineer Mohammad Saeed Sheikh has welcomed the Supreme Court’s decision on Panama Papers Case – Fnni.org

 

FAISALABAD(FNNI) President Faisalabad Chamber of Commerce and Industry Engineer Mohammad Saeed Sheikh has welcomed the Supreme Court’s decision on Panama Papers Case and urged the political parties to behave cautiously while expressing their political differences in order to avoid any damage to the national economy.

Commenting on the Supreme Court’s verdict, he said that ultimate objective of all political parties is to work for the welfare, progress, and prosperity of Pakistan and for this purpose peace is pre-requisite in which industrial and business activities could flourish. The conducive environment is also necessary as it will facilitate the businesses and create much-needed job opportunities for our youth. He said that this decision has also dispelled the uncertainty prevailing in the national politics. It will restore the confidence of the business community which will pave way for the progress and prosperity of the country.

He said that opposition parties should accept Supreme Court verdict with the open heart. Similarly, the ruling PML-N should not take any extreme step while celebrating this decision as it could hurt the sentiments of the opposition parties. He further said that economic issues are very sensitive and hence our attitude while dealing with this situation should be balanced and positive. It is very important to save the economy from the negative impacts of agitation and protestation etc, he said.

UAE Ambassador eyes €20 billion export potential in Pakistan’s Dairy Sector – Fnni.org

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Islamabad (FNNI) The Ambassador of United Arab Emirates H.E. Mr. Essa Abdullah Al Basha Al Noaimi said that if developed on modern lines, Pakistan’s dairy sector has the potential to promote €20 billion exports of dairy products to Europe and other countries. He said UAE considered Pakistan an important country of the Muslim world and wanted to further enhance bilateral trade with it. He said this while addressing business community at Islamabad Chamber of Commerce and Industry.  He said under UAE’s Pakistan Assistance Program, 165 projects were launched in Pakistan in health, education, infrastructure development and other areas that would mitigate the problems of Pakistani people.Graphic1He said UAE was going to organize first international level “Expo 2020” in which 80 countries would participate and about 50 million people would visit this event. He invited Pakistani business community to participate in that Expo and explore new business opportunities. He said businessmen could set up pavilions or hire space in that Expo. He said about 600 Pakistani companies were doing successful business in free economic zones of UAE while about 1.1 million Pakistanis were contributing to its economic development. He assured that UAE would continue to assist Pakistan for its better economic development.

In his welcome address, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that Pakistan and UAE enjoyed cordial relations while bilateral trade between the two countries in 2014 was around $9 billion. However, he said the two-way trade was still less than the actual potential of both countries.  He said UAE’s bilateral trade in 2015-16 with one of our neighbors was over $50 billion which showed that Pakistan and UAE have great potential to improve the trade figure. He stressed that both countries should focus on promoting strong connectivity between their private sectors to further enhance bilateral trade.

Khalid Iqbal Malik said that UAE extended generous support to Pakistan for better health and education facilities which were laudable. He said UAE had launched Pakistan Assistance Program in 2011 for building schools, colleges, and hospitals which were highly appreciable. He said that there were tremendous investment opportunities for UAE’s investors in various sectors of Pakistan’s economy including infrastructure development, power generation, water management, agro-industries. He said that both countries have good prospects to start joint ventures in many areas including aluminum products, horticulture, farming, dairy farming, livestock, financial sector, prefabricated houses and affordable low-income houses. He said cooperation between SMEs of Pakistan and UAE could fetch more beneficial results for both countries. Khalid Malik Senior Vice President, Khalid Javed, Mian Akram Farid, Zafar Bakhtawari, Sheikh Amir Waheed, Zahid Maqbool, Fatima Azeem and others also spoke at the occasion.

FCCI Engineer Muhammad Saeed Sheikh has welcomed the work on the exploration of mineral resources from Chiniot – Fnni.org

FAISALABAD (FNNI) President Faisalabad Chamber of Commerce and Industry (FCCI) Engineer Muhammad Saeed Sheikh has welcomed the work on the exploration of mineral resources from Chiniot.

In a statement issued here today, he said that during the first phase of this exploration, it was confirmed beyond any doubt that there are huge deposits of iron ore which will help construction of steel mills in this area.He said that the steel is a primary raw material for industrial revolution but previous governments failed to tap these natural resources for the welfare of people of Pakistan.

He said that Chief Minister Punjab Shahbaz Sharif is taking keen interest to accomplish this project as it will catalyze the industrial development of Punjab in addition to supporting the national economy on the sustained basis.

He hoped that CM Punjab will continue to personally supervise this project of national importance for its early completion. He said that feasibility study of this project should be widely circulated to attract maximum investors from other countries to generate Foreign Direct Investment for this mega project.

He said that government should also take steps right now to construct a mini-steel mill so that the poverty from this area could be eliminated once for all.

He also expressed satisfaction on the construction of the dam in Chiniot and said that work on this project should also be expedited to bring more unclaimed land under plow.

ICCI delegation returns after successful visit to Egypt – Fnni.org

Islamabad ( FNNI) A delegation of Islamabad Chamber of Commerce and Industry led by its President Khalid Iqbal Malik returned after a successful visit to Egypt. Founder-Group Chairman Khalid Javed, Zafar Bakhtawari, Zahid Maqbool, Ch. Waheed Ud Din, Naeem Siddiqui and Ms. Fatima Azeem were in the delegation.

During its tour to Egypt, the delegation visited Cairo Chamber of Commerce and Industry and signed a Protocol of Cooperation with it for strengthening connectivity between private sectors of Pakistan and Egypt further improving bilateral trade and economic relations between the two countries. ICCI delegation also visited Egyptian Business Association and held discussions to identify new areas of cooperation between Pakistan and Egypt. H.E. Mr. Mushtaq Ali Shah, Pakistan of Ambassador to Egypt was present at the MoU signing ceremony and he also addressed the business community of both countries at the occasion.

Pakistan’s Ambassador to Egypt H.E. Mr. Mushtaq Ali Shah and his team fully cooperated with ICCI delegation during its visit to Egypt and organized its meetings with Cairo Chamber of Commerce and Egyptian Business Association. Pakistan Embassy in Cairo provided logistics support and great facilitation to ICCI delegation right from its landing in Egypt to its departure.

On his return, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that Pakistan attached great importance to its relations with Egypt as it was one of the most important countries of Africa and the Middle East. He said that bilateral trade between Pakistan and Egypt should be increased at least up to $1billion with more strenuous efforts as both countries have good potential to promote two-way trade. He said to realize the actual trade potential, Pakistan and Egypt should focus on the frequent exchange of trade delegations as strong linkages between the private sectors would drive the trade relations to higher levels. He was hopeful that the MoU signed between ICCI and CCC would help in improving business linkages and trade relations between the two countries.

He highly appreciated the cooperation and support of Pakistan’s Ambassador to Egypt and his team extended to the ICCI delegation. He said he visited many countries, but the facilitation provided by the Pakistan Embassy in Cairo was outstanding.

Malaysian Cos keen to do business in Pakistan – former Prime Minister Abdullah Badawi – Fnni.org

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Islamabad (FNNI) Abdullah Ahmad Badawi, former Prime Minister of Malaysia along with a delegation visited Islamabad Chamber of Commerce and Industry and addressing the business community said that many Malaysian companies were keen to do business in Pakistan and both countries should focus on close collaboration for promoting joint ventures. He said the Malaysian delegation has come to Pakistan to explore new avenues of bilateral cooperation.Pic-April-05,-17He said the SMEs in Malaysia were driving force for its economic development and urged that both countries should develop close links between their SMEs to further strengthen their economies. He said Pakistan and Malaysia have good potential to cooperate in Halal Industry, Oil & Gas sectors, Islamic financing, healthcare and many other sectors. He said Malaysia and Pakistan were stakeholders in China’s One Belt One Road project and it was a good opportunity for both countries to work together to capitalize on this mega project for improving their economies. He said Pakistan could get better access to ASEAN region through Malaysia while Malaysia could get easy access to South Asia market through Pakistan. Thus close cooperation would be mutually beneficial for both countries. He said Malaysia’s total trade was around $400 billion, but its trade with Pakistan was not satisfactory and urged that both countries should develop strong business linkages between their private sectors to improve two-way trade volume.

Speaking at the occasion, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that Pakistan and Malaysia had signed FTA in 2007 which was meant for boosting bilateral trade. However, the FTA has not produced the desired results so far as Pakistan’s exports to Malaysia in 2014 were just $ 233 million while Malaysia’s exports to Pakistan were $1.2 billion. He said the main reason of low trade volume was that both countries were doing trade in limited items as Pakistan’s main exports to Malaysia were comprised of rice, maize, cotton, textiles and vegetables whereas Malaysia’s major exports to Pakistan included palm oil, fiberboard, rubber and electrical & electronic equipment. He stressed that both countries should focus on diversification of trade to achieve better results.

He said many Pakistani products including non-basmati rice, wheat, mangoes, halal food, seafood, meat products, cutlery & sports goods, spices, handicrafts, light engineering goods, hospital & surgical equipment, pharmaceuticals and gems & jewelry could find good market in Malaysia and it should focus on importing these products from Pakistan. He said Malaysia has great scope to invest in Pakistan’s various sectors including palm oil cultivation & refining, construction of low-cost housing schemes and highways, livestock & dairy, energy, education, transportation, IT, shipbreaking, food processing, sports goods and Halal industry. He urged that more Malaysian investors should visit Pakistan to explore investment and joint ventures in CPEC projects and other areas of interest.

Khalid Malik Senior Vice President ICCI welcome the visiting guest. Tahir Ayub Vice President ICCI, Tariq Sadiq, Zafar Bakhtawari, Zahid Maqbool and others also spoke at the occasion.