tdap annual business plan

‘TDAP to finalise annual business plan in consultation with FCCI’

FAISALABAD: The Trade Development Authority of Pakistan (TDAP) will finalise its Annual Business Plan in consultation with the Faisalabad Chamber of Commerce & Industry (FCCI) to make it progressive and result-oriented, said Rana Shahzad Ahmad Khan, Director General TDAP Punjab.

In a meeting with President FCCI Atif Munir Sheikh, he discussed in detail the inherent potential of Faisalabad and said that a comprehensive strategy would be evolved for the diversification of exports from this city in addition to exploiting the available export opportunities in traditional and non-traditional sectors.

Acknowledging the industrial, commercial, business and export edge of this vibrant city, he said that we must involve FCCI and other local trade bodies to give a boost to the export from this city. He said that we should change our strategy and discuss its activities that may have local, regional, national or international dimensions.

He said that TDAP will organise a trade and investment conference and potential buyers from all over the world would be invited to participate in it. He mentioned the African model and said that TDAP had organised a “Made in Pakistan” exhibition in Africa but its focus was on to showcase engineering products.

He said that TEXPO would be organised in Karachi during the month of August.

“It is a regular feature but we intend to club it with other non-traditional items so that a wide range of exportable surplus could be showcased during this event”, he said.

Trade officers have been posted in different potential markets and we must involve them to penetrate in these countries for sustained exports, he added.

He also stressed the need to explore non-traditional markets to expand our export portfolio. He said that webinars and online conferences could also be arranged to give much needed awareness to the young start-ups about the emerging trends and market potentials.

Atif Munir Sheikh, President FCCI said that he was seriously working to transform Faisalabad from textile to a multidimensional export city by encouraging other segments of the economy. He particularly mentioned the Information Technology (IT) sector and said that it has recorded a robust growth of 47 percent and we must focus on it as there is no dearth of talented IT experts.

He particularly mentioned the successful Pakistan Economic Conference (PEC) organised by the FCCI and said that the prime minister was to address its concluding session but due to political instability, it was deferred.

He said that we have prepared 2-page recommendations on the economy exclusively for the prime minister. He also mentioned the new industrial estates being developed to attract maximum FDI with technology transfer. He said that 65 foreign companies have already established their units while many more are in the pipeline.

He said that with the colonisation of these industrial estates, the industrial landscape of Faisalabad would be entirely changed. He said that our textile exports have recorded a 28 percent increase but it is quite insufficient as our share of the EU market is only one percent. He said that we must focus on other sectors and in this connection; PEC will play a major role. He also appreciated the industrial incentive package and said that it was announced on the special request of FCCI and our 90 percent recommendations have been included in it.

Copyright Business Recorder, 2022

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Pakistan to participate in 19 trade exhibitions in China

ISLAMABAD   -  Aligned with the Trade Development Authority Pakistan (TDAP) Annual Business Plan (ABP) for the year 2023-24, Pakistani officials, experts, as well as importers and exporters, are poised to take part in a series of 19 promotional trade exhibitions and fairs hosted across various cities in China over this specified duration.

These exhibitions promise to encompass an array of themes, ranging from textiles and leather to agro and food sectors. Among the wide variety of attractive products, key exports such as mangoes and meat, which Pakistan is proud of, will receive high attention. But that’s not all-the authority’s ambitious agenda extends beyond exhibitions.

Brace yourself for a whirlwind of export-promoting conferences, engaging webinars, immersive workshops, and dynamic delegations shuttling to and from Pakistan throughout this vibrant period.

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As per the plan, the financial year began with the China-Eurasia Expo, Urumqi under the category of International Markets Development Division (IMDD) on August 25, followed by the China-Northeast Asia Expo in Changchun on August 23-27 under the same category.

Intertextile Shanghai Apparel Fabrics, under the category of Textile & Leather, is scheduled for August 28-30 in China while All China Leather Exhibition Shanghai under the same category is to take place on August 29-31.

The Seafood and Fisheries Expo, China will take place on September 15-17 under the category of Agro & Food in Guangzhou. Pakistan experts have the opportunity to showcase Agriculture, forestry, food, and beverages.

This will be followed by the China - ASEAN Expo, Nanning on September 16-19 in the category of IMDD.

The China International Import Exhibition will take place on November 5-11 in Shanghai in the category of IMDD and will be followed by China High-Tech Fair Shenzhen on November 15-19 in the category of IT and IT services.

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Pakistani experts in the fields of tourism, travel, and hospitality in China outbound Tourism and Travel market Expo in Beijing on November 15- 17.

On November 21-25, the China Yiwu Import Commodities Fair will take place in Yiwu with Pakistani experts to represent their country in the category of IMDD.

From March 21-24, Pakistani delegates will take part in APLF, Hong Kong to showcase leader products in the exhibition, and during the same month from March 19 to 21 APLF Fashion Access, Hong Kong will also take place.

On March 28-30, the Inter Textile Shanghai Fabric, China is scheduled in Shanghai. Pakistani team will participate in showcasing apparel and fabrics in the category of textile and leather.

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Business plan 2023-24: Pakistan to participate in 19 trade exhibitions in China

ISLAMABAD, Aug 28 (Gwadar Pro)- Aligned with the Trade Development Authority Pakistan (TDAP) Annual Business Plan (ABP) for the year 2023-24, Pakistani officials, experts, as well as importers and exporters, are poised to take part in a series of 19 promotional trade exhibitions and fairs hosted across various cities in China over this specified duration.

These exhibitions promise to encompass an array of themes, ranging from textiles and leather to agro and food sectors. Among the wide variety of attractive products, key exports such as mangoes and meat, which Pakistan is proud of, will receive high attention. But that’s not all-the authority’s ambitious agenda extends beyond exhibitions. Brace yourself for a whirlwind of export-promoting conferences, engaging webinars, immersive workshops, and dynamic delegations shuttling to and from Pakistan throughout this vibrant period.

As per the plan, the financial year began with the China-Eurasia Expo, Urumqi under the category of International Markets Development Division (IMDD) on August 25, followed by the China-Northeast Asia Expo in Changchun on August 23-27 under the same category.

Intertextile Shanghai Apparel Fabrics, under the category of Textile & Leather, is scheduled for August 28-30 in China while All China Leather Exhibition Shanghai under the same category is to take place on August 29-31.  

The Seafood and Fisheries Expo, China will take place on September 15-17 under the category of Agro & Food in Guangzhou. Pakistan experts have the opportunity to showcase Agriculture, forestry, food, and beverages. This will be followed by the China - ASEAN Expo, Nanning on September 16-19 in the category of IMDD.

The China International Import Exhibition will take place on November 5-11 in Shanghai in the category of IMDD and will be followed by China High-Tech Fair Shenzhen on November 15-19 in the category of IT and IT services.

Pakistani experts in the fields of tourism, travel, and hospitality in China outbound Tourism and Travel market Expo in Beijing on November 15-17.

On November 21-25, the China Yiwu Import Commodities Fair will take place in Yiwu with Pakistani experts to represent their country in the category of IMDD.

From March 21-24, Pakistani delegates will take art in APLF, HONGKONG to showcase leader products in the exhibition, and during the same month from March 19 to 21 APLF Fashion Access, Hong Kong will also take place.

On March 28-30, the Inter Textile Shanghai Fabric, China is scheduled in Shanghai. Pakistani team will participate in showcasing apparel and fabrics in the category of textile and leather.

The China Canton Fair will take place on April 16, 2024, in Guangzhou in the city. Pakistani team will participate in IMDD as per TDAP’s plan.

The Hong Kong Gift and Premium Fair, 2024 will take place April 27-29 in China’s Hong Kong where the Pakistani team will showcase sports goods.

The Xiamen Stone Fair, 2024 will be the last activity of FY 2023-24 which will take place in Xiamen and Pakistani experts will showcase marble products under the category of Engineering and mineral.

Other than the expos, a delegation from Lahore with expertise in Textile and Food will visit China in May 2024 to collaborate and link the buyers directly with manufacturers and to discuss B2B engagements.

Similarly, under the ‘International Markets Development Division’ a ten-member Chinese delegation is expected to visit Pakistan; another 5-member delegation will visit Pakistan to discuss quarantine regulations regarding meat with Pakistan officials. As per TDAP’s plan, dates for the visit of these delegations will be announced later.

In September 2023 a B2B interaction of Pakistani dry fruits and honey exporters with major buyers of China was scheduled to increase the exports of honey and dry fruits to China.

In December 2023, a webinar and B2B will conducted regarding exports of rice to China to Increase of exports of Rice to China which is one of the potential markets of rice

In June 2024, which will be the last month of the financial year, a B2B/interactive session with the mango buyers of China will be arranged by the Pakistani trade mission in China. The mango exporters of Pakistan and mango importers of China arrange the follow-up of the Mango Promotion Campaign by TDAP 2023-24. It aims to establish trade ties and connections on both sides to improve the market share of Pakistani mango in respective markets.

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ISLAMABAD: Aligned with the Trade Development Authority Pakistan (TDAP) Annual Business Plan (ABP) for the year 2023-24, Pakistani officials, experts, as well as importers and exporters, are poised to take part in a series of 19 promotional trade exhibitions and fairs hosted across various cities in China over this specified duration.

These exhibitions promise to encompass an array of themes, ranging from textiles and leather to agro and food sectors.

Among the wide variety of attractive products, key exports such as mangoes and meat, which Pakistan is proud of, will receive high attention. But that’s not all-the authority’s ambitious agenda extends beyond exhibitions.

Brace yourself for a whirlwind of export-promoting conferences, engaging webinars, immersive workshops, and dynamic delegations shuttling to and from Pakistan throughout this vibrant period.

As per the plan, the financial year began with the China-Eurasia Expo, Urumqi under the category of International Markets Development Division (IMDD) on August 25, followed by the China-Northeast Asia Expo in Changchun on August 23-27 under the same category.

Intertextile Shanghai Apparel Fabrics, under the category of Textile & Leather, is scheduled for August 28-30 in China while All China Leather Exhibition Shanghai under the same category is to take place on August 29-31.

The Seafood and Fisheries Expo, China will take place on September 15-17 under the category of Agro & Food in Guangzhou. Pakistan experts have the opportunity to showcase Agriculture, forestry, food, and beverages.

This will be followed by the China – ASEAN Expo, Nanning on September 16-19 in the category of IMDD.

The China International Import Exhibition will take place on November 5-11 in Shanghai in the category of IMDD and will be followed by China High-Tech Fair Shenzhen on November 15-19 in the category of IT and IT services.

Pakistani experts in the fields of tourism, travel, and hospitality in China outbound Tourism and Travel market Expo in Beijing on November 15-17.

On November 21-25, the China Yiwu Import Commodities Fair will take place in Yiwu with Pakistani experts to represent their country in the category of IMDD.

From March 21-24, Pakistani delegates will take art in APLF, HONGKONG to showcase leader products in the exhibition, and during the same month from March 19 to 21 APLF Fashion Access, Hong Kong will also take place.

On March 28-30, the Inter Textile Shanghai Fabric, China is scheduled in Shanghai. Pakistani team will participate in showcasing apparel and fabrics in the category of textile and leather.

The China Canton Fair will take place on April 16, 2024, in Guangzhou in the city. Pakistani team will participate in IMDD as per TDAP’s plan.

The Hong Kong Gift and Premium Fair, 2024 will take place April 27-29 in China’s Hong Kong where the Pakistani team will showcase sports goods.

The Xiamen Stone Fair, 2024 will be the last activity of FY 2023-24 which will take place in Xiamen and Pakistani experts will showcase marble products under the category of Engineering and mineral.

Other than the expos, a delegation from Lahore with expertise in Textile and Food will visit China in May 2024 to collaborate and link the buyers directly with manufacturers and to discuss B2B engagements.

Similarly, under the ‘International Markets Development Division’ a ten-member Chinese delegation is expected to visit Pakistan; another 5-member delegation will visit Pakistan to discuss quarantine regulations regarding meat with Pakistan officials. As per TDAP’s plan, dates for the visit of these delegations will be announced later.

In September 2023 a B2B interaction of Pakistani dry fruits and honey exporters with major buyers of China was scheduled to increase the exports of honey and dry fruits to China.

In December 2023, a webinar and B2B will conducted regarding exports of rice to China to Increase of exports of Rice to China which is one of the potential markets of rice

In June 2024, which will be the last month of the financial year, a B2B/interactive session with the mango buyers of China will be arranged by the Pakistani trade mission in China.

The mango exporters of Pakistan and mango importers of China arrange the follow-up of the Mango Promotion Campaign by TDAP 2023-24. It aims to establish trade ties and connections on both sides to improve the market share of Pakistani mango in respective markets.

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Pakistan to participate in trade expos in china.

According to the Trade Development Authority Pakistan's (TDAP) Annual Business Plan (ABP), Pakistani representatives would attend exhibitions and fairs in various Chinese cities during this time, including officials, experts, importers, and exporters.

Pakistan is all set to participate in the supply chain and business services exhibition of the China International Fair for Trade in Services to be held in Beijing.

Pakistan Ambassador to China, Moin ul Haque and Commercial Counselor, Ghulam Qadir attended the opening ceremony scheduled on August 31.

More than 120 companies and organizations from across the world are participating in the exhibition.

According to the Trade Development Authority Pakistan’s (TDAP) Annual Business Plan (ABP), Pakistani representatives would attend exhibitions and fairs in various Chinese cities during this time, including officials, experts, importers, and exporters.

The shows will include a range of subjects, such as textile, leather, agriculture and food, as well as the sale of meat, rice, and mangoes to China. Along with exhibitions, the authority has scheduled delegations to and from Pakistan, webinars, workshops, and conferences to promote exports during this time.

From August 25 to August 30 in Urumqi, China, the 7th China-Eurasia Expo was held under the International Markets Development Division (IMDD) umbrella. From August 29 to August 31, 2022, Intertextile Shanghai Apparel Fabrics was held.

In the IMDD category, the China-ASEAN Expo will be held in Nanning, China from September 16 to September 19, and the Seafood and Fisheries Expo will be held in Hongdao, China in October 2022.

To distribute knowledge on how to exploit the FTA with China and tap into untapped possibilities and tariff lines, a conference on CPFTA-II will be organized in Karachi in April 2023. The Trade Mission at Beijing and Shanghai and Rice Importers will host another webinar/B2B session in April 2023 regarding rice exports to China.

A few seminars and webinars have also been scheduled on the subjects of “Market Opportunities for Pakistan’s Packaging Industry,” “Pakistan-China Sports Goods,” “Export of Gemstones,” “Market Penetration,” “Creation of Linkages of Surgical Firms with Chinese Counterparties,” and “Interaction Regarding Chinese Prefabricated-Low-Cost Housing to Pakistan’s Housing Sector.”

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Medicare Part A (Hospital Insurance) and Medicare Part B (Medical Insurance) don’t cover the Tdap shot.

Medicare prescription drug coverage (Part D)  usually covers all commercially available vaccines needed to prevent illness, including the Tdap shot. You can now get more vaccines under Part D at no cost to you.  Contact your Medicare drug plan for more coverage information.

Tdap is the adolescent and adult booster shot for tetanus, diphtheria, and pertussis (also called whooping cough). The childhood shot is called DTaP. Both protect against tetanus, diphtheria, and pertussis.

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Pakistan to participate in 13 trade exhibitions in China

ISLAMABAD, July 13 (ABC): Pakistan to participate in 13 trade exhibitions in China during 2022-23, reported on Wednesday.

In line with Trade Development Authority Pakistan (TDAP) Annual Business Plan (ABP), Pakistani officials, experts, importers, and exporters will participate in exhibitions and fairs in different Chinese cities during this period.

The exhibitions will cover a variety of topics including textile, leather, agro & food, exports of rice, mangoes, and meat to China, etc.

Apart from exhibitions, the authority has also planned export promotional conferences, webinars, workshops, and delegations to and from Pakistan during this period.

The 7th China-Eurasia Expo under the category of International Markets Development Division (IMDD) will take place from August 25 to 30 in Urumqi, China. Similarly, Intertextile Shanghai Apparel Fabrics will be organized from August 29 to 31, 2022.

From September 16 to 19, the China-ASEAN Expo will take place in Nanning, China under the IMDD category while in October 2022, Seafood and Fisheries Expo will take place in Hongdao, China.

China Int’l Import Expo (CIIE) has been planned for November 5-10 2022 in Shanghai under the category of IMDD while Wenzhou 4th Intl Import Expo will be organized on November 18-21 in Wenzhou. The Western China International Sourcing Fair will take place on November 19-21 in Xi’an, China.

In March 2023, the Xiamen Stone Fair will take place in Xiamen, China. Pakistan’s Engineering & Minerals Division will participate to showcase the country’s marble sector.

During the same month, Pakistan’s Textile and Leather Division will exhibit the country’s apparel and fabrics at ‘Inter Textile Shanghai Fabric’ in China.

In April 2023, China Import & Export Fair (Canton Fair) will take place in Guangzhou in the category of IMDD while the Textile and Leather Division of Pakistan will showcase the country’s articles of leather at APLF Hong Kong.

From May 25 to 27, the textile and leather division will participate in the Domotex-Shanghai exhibition in Shanghai China.

In June 2023, Pakistan will participate in China Int’l SME Fair which will take place in Guangzhou.

As per the business plan 2022-23, 10 Pakistani delegates associated with ready-made garments and hosiery will visit China while four Chinese delegates (quarantine inspectors in meat) will visit Pakistan.

Several seminars and webinars/B2B Sessions and interactions are also planned wherein importers and exporters from both countries will participate. For example, in August 2022, a webinar titled ‘Replacing imports from China due to US sanctions/tariff increase’ will take place to understand the market dynamics of China after US sanctions.

In September 2022, another B2B interaction on replacing imports from China will be organized to understand the market dynamics of China after US sanctions.

In November 2022, a webinar/B2B session will take place to introduce Pakistani citrus products to the Chinese market. The stakeholders of the B2B are TIO China, TDAP, PFVA, SCCI, fruits and vegetable association of China.

In December 2022, a webinar titled ‘Market awareness on China under CPFTA, Potential and Issues of the Plastic Sector and Prospectus of Plastic Exports to China under CPFTA’ will take place.

In January 2023, a webinar/B2B session will take place to introduce Pakistani mango products to the Chinese market. The stakeholders of the B2B include TIO China, TDAP, PFVA, fruits & vegetable association of China.

In January 2023, a B2B interaction of local exporters with major buyers of the world-leading dry fruit importer will take place to secure more shares in the Chinese market.

In March 2023 a webinar/B2B, Pakistan-China Tobacco Trade, Trade Mission China TDAP, business community in China and business community in Pakistan will explore the potential of Pakistan- China Tobacco Trade as China is among top 10 largest exporters of Tobacco

A seminar on CPFTA-II will be held in April 2023 in Karachi to disseminate information regarding the utilization of the FTA with China and tapping into unused potential and tariff lines.

In April 2023, another webinar/B2B session regarding exports of rice to China will be organized by the Trade Mission at Beijing and Shanghai and Rice Importers.

Some seminars and webinars on the topics of ‘Market Opportunities for packaging industry of Pakistan’, ‘Pakistan-China Sports Goods’, ‘Export of Gemstones’ ‘Market penetration, creation of linkages of surgical firms with Chinese counterparts’ and interaction regarding Chinese prefabricated-low-cost housing to Housing sector of Pakistan have also been planned.

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China-pakistan investment and trade symposium held in qingdao, pakistan attracted $153.9mn net fdi from china in march, pakistan, china sign multiple mous focusing on flood rehabilitation, it and development, pm shehbaz encourages private investment in cpec-ii projects for economic development, former prime minister and pml-n quaid nawaz sharif leaves for china, ambassador hashmi visits shouguang vegetable science, technology expo, university of agriculture faisalabad celebrates international chinese language day, pm shehbaz to embark on official visit to china in may to expedite cpec projects, cpec strengthening economic, cultural ties between pakistan and china: pm shehbaz, pakistan to participate in 13 trade exhibitions in china during 2022-23.

According to the Trade Development Authority Pakistan (TDAP) Annual Business Plan (ABP), Pakistan will participate in 13 trade exhibitions in China during 2022-23. Pakistani officials, experts, importers, and exporters will participate in exhibitions and fairs in different Chinese cities during this period. The exhibitions will also cover a variety of topics including textile, leather, agro & food, exports of rice, mangoes, and meat to China, etc.

ISLAMABAD – Pakistan will participate in 13 trade exhibitions in China during 2022-23, Gwadar Pro reported on Wednesday. In line with Trade Development Authority Pakistan (TDAP) Annual Business Plan (ABP), Pakistani officials, experts, importers, and exporters will participate in exhibitions and fairs in different Chinese cities during this period. The exhibitions will cover a variety of topics including textile, leather, agro & food, exports of rice, mangoes, and meat to China, etc. Apart from exhibitions, the authority has also planned export promotional conferences, webinars, workshops, and delegations to and from Pakistan during this period. The 7th China-Eurasia Expo under the category of International Markets Development Division (IMDD) will take place from August 25 to 30 in Urumqi, China. Similarly, Intertextile Shanghai Apparel Fabrics will be organized from August 29 to 31, 2022. From September 16 to 19, the China-ASEAN Expo will take place in Nanning, China under the IMDD category while in October 2022, Seafood and Fisheries Expo will take place in Hongdao, China.China Int’l Import Expo (CIIE) has been planned for November 5-10 2022 in Shanghai under the category of IMDD while Wenzhou 4th Intl Import Expo will be organized on November 18-21 in Wenzhou. The Western China International Sourcing Fair will take place on November 19-21 in Xi’an, China. In March 2023, the Xiamen Stone Fair will take place in Xiamen, China. Pakistan’s Engineering & Minerals Division will participate to showcase the country’s marble sector. During the same month, Pakistan’s Textile and Leather Division will exhibit the country’s apparel and fabrics at ‘Inter Textile Shanghai Fabric’ in China. In April 2023, China Import & Export Fair (Canton Fair) will take place in Guangzhou in the category of IMDD while the Textile and Leather Division of Pakistan will showcase the country’s articles of leather at APLF Hong Kong. From May 25 to 27, the textile and leather division will participate in the Domotex-Shanghai exhibition in Shanghai China. In June 2023, Pakistan will participate in China Int’l SME Fair which will take place in Guangzhou. As per the business plan 2022-23, 10 Pakistani delegates associated with ready-made garments and hosiery will visit China while four Chinese delegates (quarantine inspectors in meat) will visit Pakistan. Several seminars and webinars/B2B Sessions and interactions are also planned wherein importers and exporters from both countries will participate. For example, in August 2022, a webinar titled ‘Replacing imports from China due to US sanctions/tariff increase’ will take place to understand the market dynamics of China after US sanctions. In September 2022, another B2B interaction on replacing imports from China will be organized to understand the market dynamics of China after US sanctions. In November 2022, a webinar/B2B session will take place to introduce Pakistani citrus products to the Chinese market. The stakeholders of the B2B are TIO China, TDAP, PFVA, SCCI, fruits and vegetable association of China. In December 2022, a webinar titled ‘Market awareness on China under CPFTA, Potential and Issues of the Plastic Sector and Prospectus of Plastic Exports to China under CPFTA’ will take place. In January 2023, a webinar/B2B session will take place to introduce Pakistani mango products to the Chinese market. The stakeholders of the B2B include TIO China, TDAP, PFVA, fruits & vegetable association of China. In January 2023, a B2B interaction of local exporters with major buyers of the world-leading dry fruit importer will take place to secure more shares in the Chinese market. In March 2023 a webinar/B2B, Pakistan-China Tobacco Trade, Trade Mission China TDAP, business community in China and business community in Pakistan will explore the potential of Pakistan- China Tobacco Trade as China is among top 10 largest exporters of Tobacco A seminar on CPFTA-II will be held in April 2023 in Karachi to disseminate information regarding the utilization of the FTA with China and tapping into unused potential and tariff lines. In April 2023, another webinar/B2B session regarding exports of rice to China will be organized by the Trade Mission at Beijing and Shanghai and Rice Importers. Some seminars and webinars on the topics of ‘Market Opportunities for packaging industry of Pakistan’, ‘Pakistan-China Sports Goods’, ‘Export of Gemstones’ ‘Market penetration, creation of linkages of surgical firms with Chinese counterparts’ and interaction regarding Chinese prefabricated-low-cost housing to Housing sector of Pakistan have also been planned.

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صدر آصف زرداری کی جانب سے پاک چین تعلقات کو مختلف شعبوں میں مزید مضبوط کرنے کے عزم کا اظہار۔

گزشتہ ماہ مارچ میں چین کی پاکستان میں 153.9ملین ڈالر کی براہ راست سرمایہ کاری۔

Chairman of China International Development Cooperation Agency (CIDCA) Luo Zhaohui, along …

Pakistan’s finance minister meets Chinese counterpart, resolves to accelerate CPEC phase-II

Finance Minister Muhammad Aurangzeb met with his Chinese counterpart Lan Foan and assured him that work on …

President Zardari affirms strong ties with China, pledges support for CPEC

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Today's Paper | April 25, 2024

Business leaders in karachi give pm food for thought.

• Premier asked to forge trade ties with India, reconcile with Imran for ‘political stability’ • Industrialists concerned by ‘cross-subsidies’, call for fair energy tariffs • Warn rising costs would help competitors take over Pakistan’s export orders

KARACHI: As Prime Minister Shehbaz Sharif sat down with the business community to find ways to uplift the economy through exports, his resolve was met with apprehensions from industry leaders who said it was “almost impossible” to do business under the current circumstances, particularly with high energy costs and inconsistent government policies.

Posing tough questions during an hour-long meeting at the CM House, Karachi’s business community appreciated the PM’s “determination”, but advised him to focus on bringing about political stability to “turn around” the economy.

Appreciating the newly-installed government for moving forward with the International Monetary Fund (IMF) that brought some consistency to the money market and contained inflation, they suggested PM Shehbaz initiate trade talks with India and “shake hands” with imprisoned PTI founding chairman Imran Khan — apparently for political stability.

PM Shehbaz, who had arrived in the port city on his maiden visit after his election, said the meeting was an attempt to listen to the “brilliant minds of business, absorb what they say and put it into action” for a comprehensive economic growth roadmap.

“You all are great minds of business… Today we need you to take a step forward and bring this rental business to an end. Let’s focus on genuine industrial and agricultural growth and double the exports in the next five years. It’s difficult but not impossible. It’s an article of faith for me. I would listen to you and make a plan to put that into action.”

In a veiled reference to the booming economy of Bangladesh, he recalled ‘East Pakistan’, which was “once considered” a burden on the country, but had made tremendous strides in industrial growth.

“I was quite young when … we were told that it’s a burden on our shoulders… Today you all know where that ‘burden’ has reached [in terms of economic growth]. And we feel ashamed when we look towards them,” said PM Shehbaz.

Trade ties with India

After the PM’s brief speech, the house was opened for a question and answer session, where business leaders voiced their appreciation for the government’s recent moves, but made more demands.

They also shared proposals for economic policies to achieve desired results.

There was a sense of concern among the business leaders over the political instability in the country for which they even advised the PM to take initiative as the head of the government. “You have made a few handshakes after taking the charge that has produced good results and progress on the IMF deal is one of them,” said Arif Habib, the chief of Arif Habib Group – a capital market giant.

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“I suggest you do a few more handshakes. One of them is regarding trade with India, which would greatly benefit our economy. Secondly, you should also [patch up] with a resident of Adiala Jail (a reference to jailed PTI leader Imran Khan). Try to fix things at that level as well and I believe that you can do it.”

The PM avoided responding directly to the questions aimed at political stability, but claimed to have noted down his proposals for economic growth and assured him that he would soon invite businessmen from all across the country to Islamabad and sit with them “till all the issues aren’t resolved”.

Then came a presentation from Zubair Motiwala, a prominent industrialist and chief of the Trade Development Authority of Pakistan (TDAP), who heads the Karachi businessmen’s body called Businessmen Group (BMG).

In his presentation, he questioned the government’s ambitious plan amid the existing business regime. “The prime minister is keen to support the industry by doubling exports and reducing business costs but it seems impossible in the current situation,” said a point of his presentation shared by the Karachi Chamber of Commerce and Industry (KCCI).

“Due to the increasing cost of doing business with these gas and electricity prices, our competitors would soon take us over and get Pakistan’s export orders. It is surprising that we want to increase exports and local manufacturing, but we are increasing energy prices by including cross-subsidies, which has resulted in a gas tariff of Rs2,600 per unit for industrial heating and Rs3,100 per unit for captive power.”

‘Fair gas price’

He referred to the gas prices six months ago when they were charged at Rs1,150 and Rs1,350 per unit respectively and asked “if any business can survive with such an increase in the current international market situation”.

“The industry is willing to pay 100 per cent of the gas price without any subsidy. We don’t want any subsidy. We just want the industry to get a fair gas price,” said Mr Motiwala. In his presentation, he pointed out that the “unnecessary capacity” of power plants had put a burden on Pakistan in the form of capacity charges, resulting in a situation where surplus electricity was neither sold nor provided to industries at lower rates.

“This unnecessary capacity is also increasing the circular debt issue in the power sector. Therefore, it is necessary to introduce a scheme to reduce the flat tariff for industrial consumers, which will increase electricity consumption and also help reduce the circular debt issue,” he added.

Earlier, the premier was received by Sindh Governor Kamran Tessori, CM Murad Ali Shah, Sindh ministers and senior officials at Karachi airport. The PM also went to the Quaid-i-Azam’s mausoleum to pay his respects.

Published in Dawn, April 25th, 2024

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Draft Annual Business Plan and Budget 2024-25

The City of Onkaparinga’s draft Annual Business Plan (ABP) and Budget 2024-25 is now open for feedback until 9am on Monday 13 May.

The focus of this year’s draft plan is budget repair. It was developed with reference to the February 2024 Essential Services Commission of SA's (ESCOSA) report which identified challenges to council’s financial sustainability.

Council has operated at a deficit for seven consecutive years, and we need to act now to return to a balanced budget as soon as possible. This will put us on track to keep delivering the services, programs and projects that support the city into the future.

To achieve this, the draft plan includes:

• $158.29 million in services, programs and asset maintenance
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• recovering the full-service cost of community wastewater management system (CWMS)
• pausing the Onkaparinga Grants program for 12 months.

The draft plan will also meet all key financial indicators set for the local government sector.

Council has carefully developed this draft budget to balance the tough financial decisions with impact on community members. We remain committed to providing hardship support for those who need it most.

You can provide your feedback on the draft plan by completing the short survey below, and/or providing a comment/submission. The community engagement is open from Friday 19 April to 9am on Monday 13 May 2024.

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Goldman Investors Approve Executive Pay Plan at Annual Meeting

By Sridhar Natarajan

Goldman Sachs Group Inc. investors approved the bank’s executive-pay plan at the Wall Street giant’s annual meeting.

• Proxy-advisory firm Glass, Lewis & Co. , a major voice on annual shareholder votes, had advised that the pay plan be voted down
• NOTE: April 4, Goldman Pay Plan Gets ‘F’ Grade as Investors Told to Vote No
• Also at the meeting, a shareholder proposal calling for an independent chairman that would be separate from ...

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