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: Pak CCI

Focused credit policies on value addition coupled with maximization of per Acer yield: Engineer Ahmed Hassan – Fnni.org

FAISALABAD (FNNI) Focused credit policies on value addition coupled with maximization of per Acer yield for small land holders is imperative to make the profession of tillage profitable particularly in the backdrop of fast squeeze cultivable land around main cities of the Punjab province, said Engineer Ahmed Hassan Vice President Faisalabad Chamber of Commerce and Industry (FCCI).

He was talking to media persons here today after attending a review meeting of the agriculture credit advisory committee of the state bank of Pakistan in Multan.

He said that predominantly Pakistan is an agrarian economy which is included among top 10 countries producing cotton, rice, sugarcane, maize, milk, fresh vegetables and many exotic varieties of fruits. He said that despite this ecological diversity edge, we bitterly failed to add value to these important crops which have resulted in eroding the financial viability of small landholders in addition to encouraging migration from rural to the urban centers.

Continuing, he said that agriculture sector has played an important role in the development of national economy since independence. “This sector had contributed around 19.8% towards the national GDP in 2015 in addition to providing employment to 42.3% labor force of Pakistan”, he said and added that despite the economic importance of this sector, agriculture in Pakistan continues to face many problems including low crop yield, high wastages, low-value addition due to the use of primitive technology and farming methods.

He suggested that our banking sector needs to formulate agriculture finance policies with the aim of achieving higher value addition and an increased use of modern technology and practices. He further said that special financial services and incentives need to be given to those farmers and entrepreneurs who are aiming to improve the technology being used in local farms and are inclined to focus on improving their efficiency in the given circumstances.

“Our banking sector should give out soft loans and credit to entrepreneurs looking to set up model farms through technology transfer from other countries like Turkey and China”, he said and added that there are many opportunities for our agriculture sector in CPEC, and that banking sector should also design special policies to promote joint ventures between Pakistani and Chinese entrepreneurs in the agriculture sector.

He also underlined the need to address the bias in our agriculture finance policies towards small landholders and those who do not own any land. He further said that banking sector should look after the marginalized farmers and analyze their financial constraints and needs in particular.

He said that an analysis needs to be carried out regarding the socio-economic factors which prevent such farmers from gaining access to the credit lines and based on these analysis banks would be able to design better products for these farmers.

He further said that the designing of better agriculture finance policies will not only help us to improve our agriculture production and exports but also discourage migration from rural to urban centers that have limited resources of employments, health, education and accommodation facilities etc.

Engineer Ahmed Hasan said that by designing these agriculture finance policies we could bring about economic development in our rural areas and lessen pressure on urban centers.

He further said that FCCI is also working to increase membership from the agriculture sector and support new ventures in this area and in this connection our R & D department was also undertaking an out research program regarding the opportunities for improvement in our agriculture sector.

 

CDA asked to resolve underpass and parking issues in Blue Area: Khalid Iqbal Malik – Fnni.org

Islamabad (FNNI) Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry has called upon the CDA to resolve underpass and parking issues in Blue Area as the absence of these facilities is creating hurdles in promoting business activities in the largest business track in Islamabad. He said this while addressing a large gathering of traders during his visit along with a delegation to congratulate the newly elected office bearers of Traders Welfare Association, Blue Area, Islamabad.

Khalid Malik Senior Vice President, Tahir Ayub Vice President ICCI, Khalid Javed Chairman Founder Group, Abdul Rauf former President FPCCI, Tariq Sadiq, Muhammad Ejaz Abbasi, Khalid Chaudhry, Ishtiaq Qureshi and others were in the ICCI delegation.

Khalid Iqbal Malik said that during the construction of Metro Bus track in Blue Area, no underpass was provided for crossing facility due to which traders and customers were facing great difficulty in crossing from one side of the business track to the other side in Blue Area. He said that due to non-availability of the parking facility, customers were also facing problems in parking vehicles and he urged upon Sheikh Anser Aziz, Mayor Islamabad/Chairman CDA to look into these major issues for urgent redress.

Abdul Rauf former President FPCCI and Khalid Javed Chairman Founder Group also congratulated the newly elected office bearers of TWA Blue Area and said that regular elections in markets were promoting democratic culture in the business community. They assured that ICCI would cooperate and work with TWA Blue Area for resolving the key issues of traders of the area.

Speaking at the occasion, Yousaf Rajput newly elected President, Traders Welfare Association and Sagheer Ahmed Malik Group Chairman Blue Area, Islamabad highlighted the key issues of the traders of their area. They said that Blue Area was the largest business track in Islamabad, but was facing multiple problems. They said lack of underpass and parking facility were major issues and urged that CDA should resolve these issues on priority. They vowed to work hard for redressing the problems of traders of Blue Area and hoped that ICCI would provide all possible support in these efforts. Malik Sohail Hussain Chief Coordinator FPCCI, Raja Hasan Akhtar General Secretary TWA Blue Area and others also spoke at the occasion.

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Yemen interested to promote trade with Pakistan: Ambassador of Yemen – Fnni.org

Islamabad (FNNI) Yemen was interested in promoting trade ties with Pakistan as both countries have good potential to improve two-way trade in many areas, observed H.E. Mr. Mohammad Motahar Alashabi, Ambassador of the Republic of Yemen while exchanging views with the business community at Islamabad Chamber of Commerce and Industry. He said the current volume of bilateral trade was quite low and stressed that private sectors of both countries should work hard to identify new areas of trade promotion.

He said Pakistan was an important country for Arab world including Yemen. He said Yemen was importing rice and textiles products from Pakistan but Pakistan has good potential to enhance export of its services including medical and engineering services to Yemen. He said both countries have many commonalities which should be translated into growing trade relations. He said Yemen’s market was quite open and Pakistani businessmen should focus on quality and price to compete in Yemen. He said Pakistan and Yemen faced similar security issues but was hopeful that they would overcome these problems to establish peace which was vital for the growth of business and investment activities.

Speaking at the occasion, Khalid Malik, Senior Vice President, Islamabad Chamber of Commerce and Industry said that Pakistan’s exports to Yemen had increased from nearly $ 100 million in 2009-2010 to $ 164 million in 2010-2011, but there was a great scope to further improve bilateral trade.

He said trade in limited items was the main reason of low trade volume as Pakistan’s major imports from Yemen included petroleum, scrap, leather and hides and its exports to Yemen included rice, wheat, poultry, machinery, construction materials, footwear, tarpaulins & tents, pharmaceuticals & medical equipment, textile products, chemical and electrical goods. He stressed that both countries should focus on diversification of trade to achieve better results.

He said a frequent exchange of trade delegations and participation in each other’s trade fairs should be encouraged to explore new areas of mutual cooperation. He said regular interaction between the private sectors of both countries was necessary to strengthen bilateral trade relations. He said Ambassador should play a role in bringing a Yemeni delegation to Pakistan to explore opportunities for investment and joint ventures in our country. Tahir Ayub Vice President ICCI, Anaytuallah Miraz, Hassan Iqbal Gardezi, Shiraz Ahmed Siddiqui, Sheikh Amir Waheed, Naeem Siddiqui, Muhammad Naveed Malik, Amin ur Rehman, Nisar Mirzs and Ms. Nasira Ali were also present at the occasion.Before saying goodbye, Khalid Iqbal Malik Senior Vice President and Tahir Ayub Vice President ICCI presented a shield to H.E. Mr. Mohammad Motahar Alashabi, Ambassador of Yemen.

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IMC assures to resolve business community issues through consultation: Capt. R. Shahbaz Nadeem – Fnni.org

Islamabad (FNNI) Capt. ® Shahbaz Nadeem, Director Municipal Administration, Islamabad Metropolitan Corporation (IMC) along with Zafar Iqbal Additional Director and Khalid Hussain Abbasi Assistant Director visited Islamabad Chamber of Commerce and Industry to discuss firefighting requirements for businesses & industry, board tax and trade license issues. Representatives of various markets were also present at the occasion.

Capt. ® Shahbaz Nadeem said that to save the businesses and industrial units from incidents, IMC wanted to bring their firefighting requirements at par with international standards as it was in their own interest. He said this issue will be resolved in consultation with stakeholders and no coercive measures would be taken for compliance.

Talking about board tax and trade license issues, he said that local government in Islamabad needed revenue to run its affairs. He said the annual expenditure of IMC was Rs.15 billion while its total tax collection was only Rs.1 billion and urged that business community should cooperate with IMC in improving revenue generation. However, he assured that board tax and trade license issues would also be resolved through consultation.

Speaking at the occasion, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that business premises and industrial units were receiving notices for compliance of firefighting requirements but meeting these requirements was not feasible due to very high cost. He stressed that IMC should finalize these requirements as per need of different sectors of businesses and industries. He said IMC should ensure availability of fire fighting vehicles in industrial areas and markets to cope with any incident promptly.

He said CDA few years ago had agreed to charge Rs.60/sq yds as board tax from shops which was not implemented. He stressed that the already agreed rate should be implemented as traders were ready to pay this tax. He said trade license fee in Islamabad was quite high as compared to Rawalpindi and stressed that IMC should revise high trade license fee. It was agreed that representatives of ICCI and IMC would hold further meetings to sort out these three issues amicably.

 

International brotherhood can heal the bleeding wounds of poverty, disease and obscurantism: Sami Rahman – Fnni.org

FAISALABAD (FNNI) International brotherhood can heal the bleeding wounds of poverty, disease and obscurantism, said Sami Rahman a Malaysian industrialists who is traveling the globe on his 1300 cc BMW Motorcycle with the help of Yalla Charity Club and Riders Club.

On his arrival at Faisalabad, he was received by Aslam Saeed of Coral Lions Club who managed his stay and visit to various local welfare and charity organizations. During his visit to Farrukh Foundation in Tariq Abad, he appreciated the contribution of this organization and announces to adopt one child for the provision of the artificial limb. He also announces a charity of 400 dollars for this organization. Mr. Sami Rahman also visited Zee Solutions IT Centre. This organization is offering 100 scholarships to the deserving students. Mr. Sami also visited Faisalabad Chamber of Commerce and Industry where he was received by Secretary General Abid Masood who appreciated his mission for the welfare of the humanity. Mr. Sami also visited FIEDMC where he was briefed about CPEC. Sami also visited a 100-year-old government MC Model School where he distributed charity of 5000 dollars. Mr. Sami Rahman said that the members of Yalla Club are regularly conducting international tours with an objective to distribute charity among the down trodden. He told that earlier the tourists from Malaysia were following the route from Lahore to Multan but now, he has decided that all visitors belong to his club will also pay a visit to Faisalabad. He told that he had started his journey from 13 January from Malaysia city of Johor Bahru. Then he visited Thailand, Myanmar, and India before entering into Pakistan on January 25 through Wagha Border. He told that he has come straight from Lahore to Faisalabad and from here he will visit Multan, Karachi, Iran, Iraq and Saudi Arabia where he will perform Umrah. Afterward, he will go to Palestine where he will visit the Palestinians camps and distribute charity. He said that in his second phase of a world tour, he will start his journey to Europe from Alexandria.

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Goods Transport Association demands Truck Stand in Islamabad- Fnni.org

Islamabad (FNNI) A delegation of Islamabad Goods Transport Association led by President Malik Shabbir Awan visited Islamabad Chamber of Commerce and Industry and called upon the CDA to set up a Truck Stand in I-11/4, Islamabad on urgent basis as without this facility business of goods transporters were suffering badly.

Addressing the delegation, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that goods transporters were playing a vital role in smooth growth of business activities as without their services, running the wheel of business and economy was not possible and urged upon the CDA to establish the truck stand in Islamabad to facilitate this important sector. He said CDA had already reserved a place in its Master Plan for truck stand in I-11/4, Islamabad, but it was unfortunate that the said facility was not constructed as yet due to which goods transporters were facing problems.

He said that CPEC project was going to create a lot of business opportunities for goods transporters and stressed that they should gear up to upgrade their transport for coping with coming challenges in CPEC scenario. He assured that ICCI would play a role for resolving highlighted issues of goods transporters by taking up them with relevant authorities.

Speaking at the occasion, Malik Shabbir Awan, President, Islamabad Goods Transport Association said that local goods transporters were creating jobs and providing useful services to traders and industrialists, but the lack of truck stand in Islamabad was the major hurdle for them. He said that police dealing at entry points of Islamabad with goods transporters was a cause of concern and urged that IG Police should look into this important issue to address their concerns. He said the practice of forced capture of containers by the local administration on some occasions was causing business losses to the goods transporters and stressed that such practices should be avoided in future.

Malik Shabbir Awan said that goods transporters have to pay advance taxes like vehicle tax, road tax in addition to income tax on services, but FBR tactics of repeated selection for audit were creating harassment in the business community of this sector. He stressed that instead of harassing regular taxpayers, FBR should encourage them through various incentives.

Khalid Malik Senior Vice President, Tahir Ayub Vice President ICCI, Amir Aqeel Khanzada General Secretary Goods Transport Association, Khalid Javed, Zafar Bakhtawar, Khalid Chaudhry, Shahid Zaman Shinwar and others also spoke at the occasion.

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FTO to form Committee for redress of tax complaints of business community – Fnni.org

Islamabad (FNNI)  Abdur Rauf Chaudhry, Federal Tax Ombudsman has said that business community was playing an important role in the economic development of the country and he would constitute a Committee comprising representatives of ICCI and FTO to redress complaints of taxpayers for providing them speedy justice. He said this while expressing his views at Islamabad Chamber of Commerce and Industry. He assured that he would take up the highlighted issues of the business community with Chairman FBR for remedial measures. He said powers of FBR’s intelligence department were needed to be curtailed to remove the element of harassment in the business community.

Highlighting the initiatives of his organization, he said that Federal Tax Ombudsman was established in 2000 to address tax complaints of aggrieved taxpayers. He said FTO normally received 1500-2000 complaints and 90% of the complaints were decided in favor of aggrieved parties. He said 8 regional offices of FTO were working in various cities and more offices were in the pipeline to provide inexpensive and speedy justice to the aggrieved taxpayers. He was hopeful that the proposed committee would be effective in addressing key tax complaints of the business community.

In his welcome address, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that taxpayers were making a useful contribution to the revenue generation of the country and it was the need of the hour that government should take policy measures to make tax collection system simpler and easier. He appreciated Federal Tax Ombudsman (FTO) for agreeing to form a joint Committee and hoped that it would be helpful in addressing tax grievances.

He said FTO has reconstituted its Advisory Committee which was laudable and emphasized that periodic meetings of said committee should be called on a regular basis to sort out the issues of taxpayers. He was of the opinion that ensuring affordable and speedy justice to the aggrieved taxpayers would facilitate the growth of business activities and encourage investment in the country.

Khalid Malik Senior Vice President, Tahir Ayub, Vice President ICCI, Khalid Javed, Tariq Sadiq, Mian Shaukat Masud, Sanaullah Khan, Khalid Chaudhry, Mian Waqas and others also spoke on the occasion and highlighted the issues that needed the attention of FTO.

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Spain Envoy for direct interactions between private sectors to improve Pak-Spain bilateral trade: Mr. Carlos Morales – Fnni.org

Islamabad (FNNI) H.E. Mr. Carlos Morales, Ambassador of Spain said that promoting frequent interactions between private sectors of Pakistan and Spain was necessary to raise awareness about potential areas of mutual cooperation and improve bilateral trade between the two countries. He said this while addressing business community at Islamabad Chamber of Commerce and Industry

He said after the grant of GSP Plus status to Pakistan by the European Union, Pakistan’s exports to Spain have improved due to which bilateral trade in 2015 reached US$ 1.1 billion while the balance of trade was in favor of Pakistan. He said that after GSP Plus, Pakistan’s exports to Spain improved by 44 percent during the first year, 24 percent second year but only 5 percent during the third year. He said Pakistan’s exports to Spain mostly consisted of textiles and stressed Pakistan should focus on diversification of its exports to achieve better results. He said Spain was third largest trading partner of Pakistan in EU and 7thlargest in the world. However, there was more scope for improving trade relations between the two countries.

He said TDAP should inform Spain Embassy in advance about upcoming trade fairs in Pakistan so that Spanish companies could be motivated to participate in such events. He said over 120,000 Pakistani community in Spain could act as a bridge for improving trade relations between the two countries. He said Spain’s tourism industry was the 2nd largest in the world as last year 75 million tourists visited Spain while its own population was 46 million. He said Pakistan could promote tourism by improving infrastructure and encouraging domestic tourists and Spain could cooperate with Pakistan in tourism sector. He said ICCI delegation should visit Spain to explore new areas of mutual collaboration and assured that Spain Embassy would cooperate in making its visit successful.

In his welcome address, Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry said that Pakistan and Spain enjoyed cordial political relations since 1951 which should be transformed into thriving trade and economic relations as the current volume of two-way trade between the two countries did not reflect true potential. He said Pakistan’s major exports to Spain included some textiles products while Pakistan’s major imports from Spain included all sorts of machinery & parts, chemical materials & products, iron & steel etc. which showed that bilateral trade was confined to few items and stressed for focusing on areas to further promote bilateral trade.

He said Pakistan’s leather products, surgical instruments, sports goods, fruits and many other products could provide good value for money to Spanish customers. Similarly, Spain could exports its quality machinery and latest technology to Pakistan in many areas. He said Spain was strong in tourism and it could help Pakistan in further developing its tourism industry. He said frequent exchange of trade delegations and organizing single country exhibitions should be encouraged to promote trade and economic relations up to real potential. Khalid Malik Senior Vice President, Tahir Ayub Vice President ICCI, Hasan Iqbal Gardezi, Rana Mubashar, Rashid Humayun, Khalid Chaudhry, Ms. Nasira Ali and others also spoke at the occasion.

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ICCI calls for redress of Trade License and Board Tax issues – Fnni.org

Islamabad (FNNI) Khalid Iqbal Malik, President, Islamabad Chamber of Commerce and Industry has called upon the CDA to resolve the long-standing issues of trade license and board tax of traders as these was creating problems for the growth of business activities. He said this while presiding over a meeting of ICCI Traders Welfare Committee. Khalid Mehmood Chaudhry Chairman Committee, Khalid Malik Senior Vice President ICCI, Muhammad Ejaz Abbasi, Chairman ICCI CDA Committee, Zafar Bakhtawari, former President ICCI, Ajmal Baloch President Anjuman-e-Tijaran Pakistan and representatives of various markets were also present at the occasion.Traders-Welfare-Committee

Khalid Iqbal Malik said that CDA has increased its fees unilaterally without taking representatives of traders into confidence, which was unjustified. He appealed to Chairman CDA Sheikh Anser Aziz and Director Municipal Administration CDA Capt. ® Shahbaz to resolve the trade license and board tax issues on urgent basis as small traders were badly suffering due to these problems.

Muhammad Ejaz Abbasi, Chairman, ICCI CDA Committee said that board tax issue was settled 2 years ago as CDA had agreed to charge board tax fee @ Rs.60/per SQ yard but the contractor of CDA did not agree to this settlement. He said traders were still ready to pay board tax fee at the previously agreed rate and stressed that CDA should honor its earlier settlement.

Khalid Chaudhry, Chairman, ICCI Traders Welfare Committee said that Capt. ® Shahbaz, Director Municipal Administration was cooperating with the traders and was serious in resolving their issues, but some unknown hands were creating problems for him. He said Director Municipal Administration would be invited to ICCI to take up these issues.

Speaking at the occasion, Khalid Malik, Senior Vice President ICCI and Zafar Bakhtawari, former President ICCI said that government had appointed a businessman as Mayor Islamabad and Chairman CDA but the bureaucracy was creating hurdles for him due to which he was constrained to resolve issues of business community. They were afraid that if the Chairman could not succeed in his efforts, business activities would badly suffer and businessmen would be forced to explore other options for redress of their issues.

Zahid Qureshi, Fiaz Raja, Muhammad Ashfaq Chatha, Ch. Abdul Ghaffar, Abid Khan, Ch. Nadeem, Ch. Irfan, Muhammad Hussain and others also spoke at the occasion.

CDA and IMC asked to resolve problems of G-11 Traders: Khalid Iqbal Malik – Fnni.org

Islamabad (FNNI) A delegation of Islamabad Chamber of Commerce and Industry led by President Khalid Iqbal Malik visited Traders Welfare Association, G-11 Markaz Islamabad to congratulate the newly elected President  Chaudhry Waqas Anjum Gujar and other office bearers of the Association.

Speaking at the occasion, Khalid Iqbal Malik, President Islamabad Chamber of Commerce and Industry said that traders were facing many problems while most of the issues were related to CDA and Islamabad Metropolitan Corporation. He called upon Sheikh Anser Aziz, Mayor IMC and Chairman CDA to take urgent measures for resolving the problems of G-11 Markaz in order to facilitate the growth of business activities. He assured that ICCI would highlight their key issues at every relevant forum for their urgent redress.

Khalid Javed, Chairman Founder Group said that role of markets was important in promoting business activities, but CDA was not paying due attention to their better development. He said that Chairman CDA should formulate a new strategy to resolve the key issues of business community and develop markets on modern lines that will help in better development of the city as well. Khalid Chaudhry, former Senior Vice President ICCI, Ch. Irfan and others also congratulated the newly elected President and other office bearers of G-11 Markaz.

Chaudhry Waqas Anjum Gujar, newly elected President, Traders Welfare Association G-11 Markaz in his remarks said that apart from many other issues, non-availability of a rent law was the major problem due to which traders were feeling insecure about their future. He stressed that ICCI should play role in early promulgation of new rent law to resolve traders’ rent disputes in an amicable manner.  He also assured that TWA, G-11 Markaz would extend its full cooperation and support to ICCI in efforts aimed at facilitating the growth of business activities.

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