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PRGMEA proposes PM to declare Sialkot as ‘Value-added City’

DNA

SIALKOT – The Pakistan Readymade Garments Manufacturers & Exporters Association on Sunday proposed the Prime Minister Imran Khan to declare Sialkot as a Value-added City, as it is a hub of SME sector, contributing $2.5 billion foreign exchange by adding a multi-fold value addition in garments, sports goods, surgical goods, musical devices, cutlery, leather garments, gloves, handmade badges and military uniforms.

Sialkot is the only city in the whole Asia where its business community has built its own airport and now it is going to launch a private airline-‘Airsial’, this will definitely help spur export growth from this city.

PRGMEA Central Chairman Sohail Sheik and Chief Coordinator Ijaz Khokhar observed that it is the fourth largest value-added garment city in Pakistan, therefore we request the Prime Minister to also announce a ‘garment city’ for Sialkot in line with the garment cities of Karachi, Faisalabad and Lahore.

Addressing a meeting, held here to discuss and finalize the meeting agenda with the members, to be presented to the PM on his forthcoming visit to Sialkot, both leaders of PRGMEA pledged that Sialkot, after establishment of Garment City, will be able to increase garment export in three-fold to $1.5 billion from the current figure of 530 million dollars.

“We appreciate the PM as well as Adviser to PM on Commerce and Investment Abdul Razak Dawood for incorporating our several major demands in forthcoming textile policy and hope that rest of the proposals will also get their serious consideration before its final approval from the cabinet,” the central chairman said.

He said that all PRGMEA members welcome speedy disbursement of sales tax refunds under faster plus system, DLTL refunds, customs rebate being deposited directly into the bank, cut in power tariff for SMEs and reduction of interest rate to 7%, which would ultimately lead to an aggressive sale in future and hopefully gear up the export in 2021.

Ijaz Khokhar observed that the SBP’s relief measures, including Temporary Economic Refinance Facility for machinery imports, is very encouraging and good for industrial expansion. “The PRGMEA appreciates the efforts of the PM to cut power tariff for SMEs which covers almost 90 percent of the industry and especially the efforts of the commerce ministry to promote economic growth in the country and provide liquidity and other support to the value-added apparel sector during Covid-19 are really appreciable.”

The Chairman also hailed the significant growth observed in apparel export for the months of Nov 2020. He said that this was in line with the government policy of promotion of value-added exports, which is reflecting a healthy trend. He called for advising trade missions abroad to actively engage the importers for promotion of Pakistan’s exports.

“We are thankful to the government for releasing Rs1.78 billion for textile sector under Drawback of Local Taxes and Levy scheme (DLTL). He expressed the hope that this would resolve the liquidity issues of exporters and enable them to enhance exports further.

Sohail A. Sheikh observed that the proposed declaration of Sialkot as a ‘value-added city’ could enable it to help achieve national targets on export promotion, employment generation, besides productivity enhancement and brand creation in a progressive way to attract the international buyers.

He hailed the establishment of new technical university in Sialkot, saying the varsity and the Garment City would create a well trained and skilled manpower, integrating the entire apparel industry and SME sector in the area.

Maheen Rahman appointed as CEO InfraZamin Pakistan

ISLAMABAD, DEC 6 – Pakistan: Following an extensive search and competitive selection process, the stakeholders of InfraZamin Pakistan, namely Karandaaz Pakistan, and the Private Infrastructure Development Group (PIDG) companies InfraCo Asia Investments and GuarantCo, have appointed Ms Maheen Rahman as the company’s Chief Executive Officer. Ms Rahman, whose appointment as InfraZamin CEO will take effect on 1 January 2021, brings with her over twenty years of experience in investment banking, research and asset management.

A recently launched initiative of PIDG, InfraZamin Pakistan is an innovative, for-profit credit enhancement facility developed by GuarantCo. InfraZamin Pakistan will be funded with PKR 4.125bn (approx. USD 25m) equity capital from PIDG Company InfraCo Asia Investments and Karandaaz Pakistan, provided by the United Kingdom’s Foreign, Commonwealth and Development Office (FCDO), and a contingent capital facility of up to PKR 8.25bn (approx. USD 50m) from GuarantCo.

InfraZamin aims to fill current gaps in the local credit markets in order to catalyse greater private sector participation in long-term, local currency financing of infrastructure in Pakistan.  InfraZamin will do so by providing guarantees to enhance the credit quality of local currency debt instruments which finance creditworthy infrastructure projects in Pakistan across sectors including renewable energy, digital communications, water and wastewater treatment, social infrastructure and more.

By reducing credit risk, InfraZamin’s guarantees are expected to ‘crowd-in’ private sector capital to boost much needed investments in infrastructure and contribute to the development of Pakistan’s financial architecture. Pakistan currently spends only 2.1% of its GDP on infrastructure, leading to a widening infrastructure deficit. The additional investments unlocked by InfraZamin are expected to support economic growth, create jobs and improve access to essential infrastructure such as housing, clean energy and clean water supply for underserved populations in Pakistan.

Prior to her appointment as InfraZamin Pakistan’s CEO, Ms Rahman served as the Chief Executive of Alfalah GHP Investment Management where, under her leadership, Alfalah Investments has grown to be one of the largest asset management companies in Pakistan. She brings a diverse range of experience and a deep familiarity with Pakistan’s capital markets and the financial sector.

On her appointment, Ms Maheen Rahman said “InfraZamin represents a new opportunity for development of innovative solutions for infrastructure financing in Pakistan. I am excited to be able to lead this initiative and contribute towards socially responsible infrastructure development that seeks to have a positive impact on communities Ms Rahman assumes the role as CEO of InfraZamin Pakistan on 1 January 2021, subject to requisite approvals from the Securities & Exchange Commission of Pakistan (SECP).

Incorporated as a private limited company, InfraZamin will operate on a commercial basis guided by international best practices and local governance standards. Its Board of Directors will include representatives of InfraCo Asia Investments (through Indus Guarantees), Karandaaz, and GuarantCo.

Pakistanis in China wish to serve the country in a big way

YIWU, (China) Dec. 6 , DNA – Pakistani business community in China is looking forward to serve the country in a big way, provided they get the government’s support.

This was stated by Mir Faisal Yaqoob, a Pakistani businessman who have been in China for 24 years. He came here in 1996.

He told Gwadar Pro in an interview that in 2001, he set up his own company in Yiwu. Before that, he was helping with his cousin’s business in Urumqi.

“If we only talk about Pak-China trade, Urumqi is a hub for transportation. Xinjiang province is agriculture-based, so people there are much involved in the agriculture business.

Other things are not very easily available in the market.” Mir described the difference between the two cities.“Yiwu is a showroom for all of the commodities in China, where you can find products varies from needles to airplane parts.”

“Manufacturers like opening their showroom in Yiwu since more visitors tend to come here. Businessmen can stay in Yiwu for only two to three days and get everything they want. It can save a lot of time, which is the most important thing for trade,” he said.

Due to his extensive business experience in China, three years ago, Mir was elected as the chairman of Pakistan China Chamber of Commerce, while the chamber of commerce is still in the process of registration.

“More than two years ago, we put the chamber case in civil affairs with the recommendation of Pakistan embassy in China. We are still waiting for its final approval.”

“If we make a team, we can do big things.To make the team, we need supports from our government.” According to Mir, there are already more than 150 member companies in PCCC.

“We have already discussed with a few departments and business communities in China who want to do joint ventures or start businesses in Pakistan. We can also help Pakistani manufacturers get a platform in China and improve Pakistan export. These are also the things we can do for our government.”

“Pakistani government officials in China must keep in touch with the business community in China, especially the chamber of commerce and work together. Then we can do big things for our country, ” he suggested.

Vegetables/fruits of Baluchistan have great potential for export to China: Report

ISLAMABAD, Dec. 6 (DNA): The vegetables and fruits of Baluchistan have great potential for export to China, says a report carried by Gwadar Pro on Sunday.

Baluchistan produces the major vegetables and some other fruits like Cherry at national level to earn the title of being “fruit basket of Pakistan”.

According to the report, although it is sparsely populated, Baluchistan is the largest production base for apples, apricots, almonds, plums, pomegranates grapes, etc in Pakistan.

Liaquat Shahwani, Spokesperson Govt of Baluchistan told Gwadar Pro that the establishment of a date processing unit at Panjgur is expected to undergo implementation shortly.

This intervention will add value to the commodity which is grown largely in the area but growers are deprived of legitimate profit margins,as they have to sell the raw Dates at throw away prices in the local markets.

“Proper processing shall also open up export opportunities. The initiative is also believed to boost much needed economic activities including employment in the far-flung area of Panjgur,” he said.

The export potential of not only Dates but Onions as well are promising by all means.

Liaquat Shahwani stated that more than half million tons of Onions are annually produced in Baluchistan which if exported to China shall go a long way in uplifting the socio-econimc standing of onion growers who usually sustain heavy losses due to local market gluts during the harvest season.

“Government of Baluchistan is giving due importance to the uplift of agriculture sector in development plans by making resources available for productivity enhancement, value addition and marketing of all major fruits produced in the province.

All these interventions are aimed at the well-being and prosperity of young farmers who are expected to take charge of the farming from their elders in times to come.” He further mentioned, the report added.

Britain and EU to resume talks in final push for Brexit trade deal

LONDON/BRUSSELS : British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen instructed their negotiators to resume trade talks on Sunday in a last-ditch attempt to bridge significant differences.

The decision to revive the long-running talks after they stalled on Friday over three of the thorniest issues suggests both sides believe there is still some hope they can secure a deal governing almost $1 trillion of trade a year.But it was not clear whether either camp was ready to shift its position enough to allow the breakthrough that has proved elusive since Britain left the EU on Jan. 31 and entered a transition period that runs until the end of the year.

In a joint statement, the two leaders said that while there were serious differences, “we agreed that a further effort should be undertaken by our negotiating teams to assess whether they can be resolved”.

“No agreement is feasible if these issues are not resolved,” they said after speaking for more than an hour on Saturday. “We are therefore instructing our chief negotiators to reconvene tomorrow in Brussels. We will speak again on Monday evening.”

After months of negotiations, there has barely been any movement on three areas of disagreement – fisheries, ensuring fair competition guarantees and ways to solve future disputes.

Sources from both sides said that French demands over fishing rights in British waters remained a key issue, and some in Johnson’s Conservative Party suggested that EU officials had to convince French President Emmanuel Macron to back a deal.

Two EU officials said the talks would resume where they had left off. One described the suspension and then resumption of talks as theatrics. “Each side needs a bit of drama to be able to sell this.”

UNGA adopts Pakistan-sponsored resolution on respect for ‘sacred religious symbols’

ISLAMABAD : Another success for Prime Minister Imran Khan against rising Islamophobia as the United Nations General Assembly (UNGA) has adopted Pakistan’s sponsored resolution on inter-religious dialogue that emphasized the need to respect “sacred religious symbols.”

Pakistan had urged the UN to play its role in ensuring respect for all religions and stop blasphemy under the name of freedom of speech.

The resolution has been adopted by the UNGA. The resolution received a majority of 90 votes, none against, with 52 abstentions.
Federal Minister for Maritime Affairs Ali Zaidi in his tweet congratulated the PM for highlighting the issue at the international level.

Earlier, Prime Minister Imran Khan had said that Islamophobia is rising in Western states and a small segment in the countries is against Islam.

PM Imran Khan had made the statement while addressing the National Rehmatul-lil-Alameen PBUH Conference in connection with Eid Milad-un-Nabi (PBUH) celebrations in Islamabad.

Pakistan records 3,308 fresh Covid-19 infections and 58 deaths

ISLAMABAD : As many as 3,308 new cases of the coronavirus were reported across the country during the past 24 hours, pushing the national tally of infections to 416,499.

According to the National Command and Operation Centre (NCOC), 58 more people succumbed to the infection during this period, taking the death toll from the disease to 8,361.A total of 41,645 samples were tested in the previous 24 hours, out of which 3,308 turned out to be positive.

The positivity ratio of fresh Covid-19 cases stands at 7.94 per cent, the NCOC said.

The number of active cases has risen to 53,126 while 2,483 people recuperated from the disease yesterday taking the tally of those defeating the highly contagious pathogen to 355,000.

On December 5, the NCOC had stated a total of 202 COVID-19 patients are on ventilators in the three provincial capitals including 84 in Punjab’s capital Lahore, 73  in Sindh’s capital Karachi and 45 in Khyber Pakhtunkhwa (KP) capital Peshawar.

The highest positivity rate of COVID-19 positive cases was recorded in Abbottabad at 17.57 per cent, whereas, GB had the lowest rate at 3.92 pc.

Chinese technology helps to achieves good harvest in Pakistan: CEN

ISLAMABAD, Dec. 5 : Maize-soybean strip intercropping technology, an advanced agricultural technology introduced from China, achieved good harvest in various demonstration plots in Pakistan both under irrigated and rainfed conditions.

According to a report published by China Economic Net (CEN), the data indicated that the yield per hectare of the intercropping system was equivalent to the yield of crops on 1.5 hectares of the sole cropping system.

Therefore, the intercropping system is more profitable in obtaining a higher net income with less input.

More specifically, under irrigated conditions, in Vehari, the yields of intercropped maize and soybean respectively reached 7,608 kg/ha and 1,029 kg/ha, and in Bahawalpur, the data is 7,219 kg/ha and 887 kg/ha.

In sole cropping system in Bahawalpur, maize and soybean produced 1537 kg and 7894 kg per hectare.

Under rainfed conditions, at PMAS-Arid Agriculture University’s research farm, intercropped maize and soybean produced 4969.4 kg/ha and 940.1 kg/ha, while sole cropped maize and soybean produced 6052.75 kg/ha and 1263.5 kg/ha.

In the coming season, a larger scale of demonstrations around 50 hectares will be arranged at more research institutes and universities.

In addition to National Agricultural Research Center (NARC) and PMAS-Arid Agriculture University Rawalpindi, University of Agriculture Faisalabad (UAF), Bahauddin Zakariya University, Multan, and Sindh Agriculture University, Tandojam, etc. will join this technology demonstration as well.

Moreover, enterprises like Nizami Industries will also arrange a plot on 25 acres of land, the report added.

Ehsaas launches web-portal for Ehsaas Kafaalat beneficiaries to report biometric failures

Sania visits several Kafaalat campsites this week to review payment operations 

December 6, 2020: Safeguarding specialized measures to resolve payment issues being encountered by recipients of Ehsaas Kafaalat, a web-portal has been opened by Ehsaas to receives complaints of biometric failures. Officially, Kafaalat cash transfers under Ehsaas have commenced earlier this week countrywide and within less than a week, the new portal (http://complaints.pass.gov.pk/) has been opened online to solicit applications of Kafaalat beneficiaries in a simple four- step process.

As part of the complaint mechanism, Deputy Commissioners, Assistant Commissioners, staff of partnering banks- Habib Bank Limited and Alfalah Bank Limited and field staff of Ehsaas will be able to create complaint applications of biometric failures by entering full name, Computerized National Identity Card (CNIC) number and contact number  beneficiary along with his or her own contact number to facilitate easy tracking and follow up. With the submission of online application, the portal instantaneously auto-generates the unique reference number for each Kafaalat applicant.

During her visit to Hazro campsite on Thursday, SAPM Dr. Sania Nishtar took to the twitter and said, “9 am: I visited @Ehsaas_Pk payment camp in Hazro. Based on field insights, we are opening biometric failure complaints web-portal. I learnt about importance of WhatsApp groups of DCs and ACs to get our message out to people. These simple things are transformative for the program.” And, as a pleasant surprise, the portal has been opened within 24 hours following the visit to facilitate biometric issues in payments.

Describing details of the newly opened portal, Dr. Sania said, “According to Ehsaas digital payment process, the biometric verification of thumb or finger impressions is mandatory to disburse cash to Kafaalat beneficiaries. However, Ehsaas will facilitate direct payments to Kafaalat beneficiaries through a supplementary payment solution who are facing problems in withdrawing money owing to defying biometric identification.”She further added, “ This portal is also being introduced in the form of mobile app for Deputy Commissioners, Assistant Commissioners, staff of partnering banks- Habib Bank Limited and Alfalah Bank Limited and field staff of Ehsaas so that they can report the biometric issues directly.”

Earlier today, she made a visit to Ehsaas Kafaalat campsites in district Mianwali to meet Kafaalat beneficiaries and gain insights. During the visit, she met with women who were waiting for their turn to receive payment. She sat with them in the queue, listened to their problems, and assured easy solution to their problems. She also advised the bank and Ehsaas regional staff to process payments speedily so that Kafaalat recipients do not have to wait too long for collecting their stipends.

Since the payments have begun at the start of this week, Dr. Sania and her team is in the field everyday to gain insights for improving the quality of the massive Ehsaas Kafaalat disbursal operations in the country.In the last 5 days, Dr. Sania has made visits to various campsites and ATMs in Islamabad, Attock, Rawalpindi and Mianwali to identify payment issues and provide solutions to the destitute Kafaalat women. This also featured meetings with regional stakeholders, district administrations and partnering banks.

Will leave my seat, but will not give NRO: PM Imran

ISLAMABAD, DEC 5 – Prime Minister Imran Khan on Saturday categorically stated that he will give up his office but will not give any (National Reconciliation Ordinance) to the opposition.

The premier made the comments while speaking to actor Hamza Ali Abbasi during an interview on HumNews that covered a myriad of topics, including his own spiritual journey and his thoughts on Western culture.

Commenting on the opposition, PM Imran said that the parties have been blackmailing the government since day one to grant them amnesty. He maintained that the NRO given to the opposition by former military ruler retired Gen Pervez Musharraf had had disastrous effects on the country, leading to an increase in debt liabilities.

“Our biggest problem is that we have debt and there is a deficit between what we earn and what we spend.” He added that the opposition wanted to be “forgiven”, but said that even Holy Prophet (peace be upon him) had said he would not forgive his daughter when it came to corruption.

“If I want to let them go, then I should open up our jails,” he said, adding that he would “give up his seat but not give [the opposition] and NRO”.

Commenting on the Pakistan Democratic Movement’s (PDM) upcoming rally in Lahore on December 13, the premier said that the government has decided to not grant them permission for staging the demonstration.

“Cases are increasing rapidly […] those putting up the sound systems and chairs, FIRs will be registered against them.” However, PM Imran made it clear that the government would not stop the opposition from participating in the rally.

“We will not stop them so that they can’t [act] dramatic and assume the role of revolutionaries [and] try to become Joan of Ark or Che Guevara.”

He maintained that the government had cancelled its rallies and public gatherings after the country witnessed an uptick in Covid-19 cases.

“We have once again started stressing on standard operating procedures (SOPs) for curbing the spread of the virus. But if this union of crooks thinks that this jalsa will put pressure on me, then they are wrong. No one has organised rallies as big as the PTI.”

He added that he will leave the office of prime minister but will never betray the country by giving relief to the opposition.

Development or lack thereof

When asked about the many issues being faced by Karachi, the premier said: “The situation with Karachi is very strange. Parties win votes from interior Sindh and come into power in the province. So they only focus their energies on the voter bank in interior Sindh and Karachi is left behind.”

He said that the federal government had announced the Karachi Transformation Plan to address the immediate issues being faced by the city and its residents.

“We don’t have the powers. The money from the federal government goes to the province and they decide where to spend it. But the transformation plan is exclusively for the city and all stakeholders are working on it together.”

He said that a permanent solution for cities such as Karachi would be a local government system. “Until it becomes a self-sustaining city, money allocated under the PDSP will never be enough”.

He added that the government was also working on addressing issues in other areas such as Balochistan and Gilgit-Baltistan. “We are working on giving provisional provincial status to GB,” he said, adding that the government was also spending money in Balochistan.

Addressing debt

The premier also touched on the two biggest problems being faced by the country, namely fiscal debt and diminishing exports.

PM Imran said that unless we make people pay their taxes, we can never become a modern country. “We are among those nations that give the littlest amount in taxes”. He said that when the government checked the data of the country’s tax payers, it discovered that there are 2.5 crore people who don’t pay taxes.

He added that diminishing exports were another problem the country was facing. However, now the country’s trajectory was changing due to the efforts made by the government, he said.

“For the first time now after the 1960s, we are going towards industrialisation,” he said, adding that this was key to making the country stand on its own two feet.

“If we just fix our tourism sector, we can earn a significant amount. Our northern areas are Switzerland plus,” he said, adding that Pakistan has more religious tourism than Malaysia.

“You have no idea the resources this country has been blessed with. But the problem is that we don’t have any money so we have to carry out [joint ventures]”.

The point is that we have been blessed with so much; if we can harness this potential then we can go back to the development we witnessed in the 60s, he said.

Spiritual journey

Abbasi kicked off the interview by asking the premier about his spiritual journey.

Elaborating on his experiences, PM Imran explained that he has had the opportunity to live a different life, one which very few people have the chance to live.

“I started in cricket and went to England at 18. I also studied there and spent my winters in Pakistan. So my life experience is very different.” He said that it was the difference between the two cultures that he experienced that eventually brought about change.

“When I was growing up there was a strong colonial influence which revolved around ghulami,” he said, adding that this had an impact on his upbringing. “When I went to England I realised they are trying to produce replicas of the British which is something we can never be.

“I think my strength is that I always review my life. In cricket I used to breakdown my matches, to see where I went wrong. I couldn’t sleep until I did that. [And] I realised that Pakistan’s strength is that the people believe in God and the concept of an afterlife.”

He said that when he used to ask for donations for constructing the Shaukat Khanum Memorial Cancer Hospital, the common man used to reach into his pockets and give money. “I used to be surprised [but] they said they are doing it for the afterlife”.

While there are many positive aspects to Western culture, it was influenced by the ‘sex, drugs and rock and roll’ movement that impacted society and changed the focus of the youth, he said.

He added that a person always has two choices in front of them at any given moment. One is true happiness while the other is mere pleasure-seeking.

“This temporary happiness has diminishing returns. I thought I knew happiness as a cricketer but I understood the difference the moment Shaukat Khanum opened its doors.”

He stated that there is no greater role model than Holy Prophet (PBUH) and government was working on introducing a subject for teaching Seerat-un-Nabi to students of grade eight and matric.

He said Al-Qadir University, which will be completed next year. will promote research on the life and teachings of Holy Prophet (PBUH) as well as Sufism.

Morality

The premier also said that while the family system had collapsed in the West, their morality was better than ours.

“Here journalists go to the high court and ask for Nawaz to be given permission to for giving speeches,” he said, referring to a petition challenging the Pakistan Electronic Media Regulatory Authority’s order against airing the former premier’s speeches.

He stole millions, has several cases in court and they call it freedom of speech, he said. “This is damaging our society. Corruption cannot be eradicated without accountability.”

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