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‘Pak entrepreneurs must develop brands’

DNA

LAHORE , Sept 20  – Pakistani entrepreneurs urged to develop international standard brands products to capture open global markets by fully exploiting indigenous potentials ,expertise and resources

Talking to a delegation of exporters and traders led by Mian Faiz Bukhsh Arain here Sunday President SAARC Chamber, and Chairman United Business Group Iftikhar Ali Malik  highlighted the significance of brands and said it was high time for Pakistani entrepreneurs, corporate sector, especially younger business magnates, to focus on developing brands.

He said vertical integration and institutional network were to be strengthened on modern scientific lines to meet the future challenges of global marketing. “By the grace of Allah, Pak entrepreneurs have full potential to compete the international markets but unfortunately they do not develop their own brand like KFC, McDonald’s, Guard, Bata , Chenone etc.

He said that private sector had to come forward to develop their own brands on war footings for their survival otherwise the neighbouring countries would continue to dominate and sweep international markets.

He said Pakistan was producing some of the best products in the world in sports, textile, fruits, vegetables, handicrafts and in several other sectors but not exporting them under its own brands.

Iftikhar Ali Malik said we must not only develop but promote brands through manufacturing the best quality products which is the need of the hour.

He urged the government to conduct market research in an attempt to search new export destinations for Pakistani products, which were considered the best in the world as far as quality and prices were concerned. “Pakistani missions abroad should be duty bound to introduce Pakistani products there and ensure dissemination of trade-related information so that local entrepreneurs could avail trade opportunities to the maximum,” he said.

He said he always encourages genuine exhibitors and facilitate them at optimum level. He urged the private sector to restore consumer faith and trust by manufacturing best quality products on competitive prices for the promotion of brands.

Iftikhar Malik also called upon the government, private sector, academia and civil society to put efforts together to mentor, guide and support youth to unleash immense economic and social potential.

We need a national and sub-national policy framework and develop institutions to assist these young entrepreneurs to grow.” He said that youth accounts for over 60 percent of Pakistan’s population and it is essential to encourage them in entrepreneurship so that they could become more productive and contribute positively to the growth of the national economy.

Iftikhar Malik who is also founder chairman Pak US Business Council said they would also try to ensure a business-friendly environment by sharing views with the government and by taking all the stakeholders on board on all economy-related issues.

CPEC’s SK Hydropower Station’s drainage corridor gets completed

DNA

Islamabad, Sept 20 – The No.2 drainage corridor of SK Hydropower Station was successfully completed in the recent days with high-standards, Gwadar Pro reported on Sunday.

According to China Gezhouba Group (CGGC), which has contracted to construct this project, a series of advanced technologies and devices were put in to the construction of the No.2 drainage corridor of SK project.

The length of the corridor is 733.25 meters, and the transversal and vertical errors of the corridor are 9 mm and 7 mm respectively, which are far better than the standard required by measurement specification. It means the potential risks of safety and efficiency will be significantly reduced

Faced with the severe conditions such as small working place, poor ventilation, water impounding and sharp bend in the cave, both Pakistani and Chinese staff have lived on site while implementing the measures of epidemic prevention and control.

After 450 days of continuous operation, the drainage corridor was successfully connected and the horizontal connection was finally achieved. The errors of various indicators were strictly controlled within the standard range.

On September 12, the concrete pouring of cut-off wall for SK project was officially launched.

SK hydropower station is one of the priority projects under CPEC. Once completed, it will make up one fifth of the power gap in Pakistan and play an important role in providing local employment and improving people’s livelihood.

UNSC statement underscores int’l commitment to Afghan sovereignty: Zalmay Khalilzad

DNA

Kabul, SEPT 20 – US Special Representative for Afghanistan Reconciliation Zalmay Khalilzad said that the United Nations Security Council (UNSC) issued a statement on Afghanistan peace negotiations that underscores the international commitment to Afghanistan’s “sovereignty, independence, territorial integrity and national unity.”

In a tweet, Khalilzad said that the statement “supports the path the parties are currently on, which is to find a political settlement that accommodates all Afghans, one the region and international community can endorse in spirit and in action.”

He further added: “This is a unique moment for Afghanistan. Not only are Afghan parties negotiating directly, but as indicated by the UNSC statement, there is broad international support for a negotiated political settlement and peace in Afghanistan. “This unique opportunity must be seized,” he added.

 
The UNSC, in a statement, welcomed the start of the Afghanistan peace negotiations in Doha, Qatar. The members of the UNSC also recognized that “a sustainable peace can be achieved only through a comprehensive and inclusive Afghan-led, Afghan-owned peace process that aims at a permanent and comprehensive ceasefire, as well as an inclusive political settlement to end the conflict in Afghanistan.”

 
Meanwhile, The opening ceremony of the intra-Afghan talks was held in Doha a week ago. So far, the negotiating teams have held three official meetings, and five advance meetings by “contact groups” to discuss the agenda and the rules and regulations of the talks.

Country sinking in unsustainable debt: FPCCI

DNA

KARACHI, SEPT 20 – Pakistan is mired in an unsustainable debt as billions are being borrowed without any justification, an FPCCI official said Sunday.

Horrible crimes have become the order of the day due to political interference in important departments which has unnerved masses and emerged as a challenge for the criminal justice system, said Dr. Murtaza Mughal, Convener FPCCI Central Standing Committee on Insurance.

In a statement issued here on Sunday, he said that new records are being set for loans while inefficiencies have resulted in political instability.

The former government borrowed a lot but they have a long list of development projects while the current dispensation has nothing to show, he added.

Dr Murtaza Mughal who is also President of Pakistan Economy Watch said that In 2019, total debt stood at 105.9 percent of the GDP as Pakistan’s total debt and liabilities surged to Rs44.5 trillion, equivalent to 106.8 percent of GDP till the end of June 2020.

During the last two years, an average person has become poorer as the economy contracted. The economy is not growing, therefore, unemployment is rising, he said, adding that millions more have become food insecure.

The currency devaluation has increased domestic inflation making local goods more expensive while it has not increased exports as claimed.

The policy of continued hike in electricity the tariff  and avoiding real reforms have made our power and gas energy more expensive than India, Bangladesh, Vietnam and other countries making production and exports costly.

The diversity of our goods sold is very limited, textiles and a few other things, and that’s all. So, we need to make it more export friendly. There are certain structural issues which need to be resolved, he said.

Disaster Risk Reduction-interactive session held at IEP

DNA

Islamabad, SEPT 20 – An interactive session on Disaster Risk Reduction encompassing basic definitions, concepts and protocols for graduate engineers was held here under the auspices of Institution of Engineers, Islamabad Centre.

It was aimed at apprising the young engineers about their role and responsibilities for better disaster-risk management and promoting community’s capacity to manage the risk through indigenous resources.

The event was arranged by the Center as part of their continuing professional development program (CPD) for the young engineers.

Brig (r) Engr Fiaz Hussain Shah, Ex- DG National Disaster Management Authority (NDMA) was the resource person who highlighted the preventive measures that could be taken to reduce or minimize the disaster’s hazards.

Engr. Ahmed Shamim, convener of CPD conducted the session and around sixty engineers attended the session. Also present on the occasion were chairman IEP-RIC, Engr. Hafiz M. Ehsan ul Haq Qazi, Secretary IEP-RIC Gp. Capt. ® Engr. Najamuddin and chairman building committee IEP Prof. Dr. Sharif Bhatti.

The Chairman IEP-RIC announced that the Center will enhance the capacity-building activities of the young engineers, by holding short-courses and workshops in collaboration with the local Universities.

He emphasized that the country needed certified experts in the engineering field for nation-building. The young engineers, he added should focus on improving their skill and expertise in the specific fields.

Brig (r) Engr Fiaz Hussain Shah who enjoys rich experience in various disciplines of disaster-management was of the view that disasters, both natural and geo-physical could be prevented with better strategy and planning. In this connection, he referred to various studies and experiences of some foreign countries that have successfully prevented the disasters and to overcome the damages.

He called for adopting pro-active approach for disaster-prevention and reducing the impact of the hazards. Damages caused by disasters like floods could be reduced by strong resilience at national and public-level, he added.

Some of  the participants while discussing  the topic underlined the need of necessary preparedness in order to give effective response to various kinds of disaster. They said the community should be mobilized through awareness campaign to develop capacity-building for facing the disasters’ hazards.

‘Businessmen Panel urged universities should focus on fostering entrepreneurship in students’

DNA

Islamabad: SEPT 20 – FPCCI’s Businessmen Panel on Sunday stressed the importance of strong industry-academia linkages for commercialisation of innovative business ideas of students in order to improve economic growth of the country.

Secretary General (Federal) of the Businessmen Panel Ch. Ahmad Jawad said that in recent times industries have been increasingly relying on technology based solutions to solve various problems. He said that universities being the hub of research and development activities should play an enhanced role in suggesting innovative solutions to problems faced by industries and the society at large.

He emphasised that universities should focus on applied research to accelerate industrial development. He said that over 60 per cent of the population of Pakistan comprises of youth adding that universities should focus on fostering entrepreneurship in students to make them job creators instead of job seekers.

Jawad said that research departments of universities are conducting good research in various fields, but due to lack of coordination, local industry is not benefiting from such efforts. In this regard HEC should draw a mechanism for the collaboration, as universities can help in improving the productivity, efficiency and competitiveness of industry through strong academia-industry linkages.

He also said that Pakistan’s national interest demands reduction in heavy dependence on foreign countries and aid agencies in order to develop a viable self-sustaining economy.

“weak governance, lack of commitment, corruption, external and internal threats has led to Pakistan being heavily reliant on foreign assistance”.

We have to recognise the paradoxes that we face. We are proud to be a nuclear-armed country, and justifiably so, but on the other hand we are so dependent on others to keep our economy afloat. This is a huge contradiction,” said Jawad.

The BMP secretary general also expressed surprise over the instability of Pakstani rupee despite an improving current account position, seeking the central bank’s intervention for stability.

“We have to draw a new strategy for effective stabilisation, rely on our existing resources, reduce the cost of expenditures, strengthen agriculture and revise the strategy of free float of the dollar,” he said.

Dhoni praises Chennai ‘Dads Army’ after IPL win over Mumbai

NEW DELHI : Chennai Super Kings skipper Mahendra Singh Dhoni has heaped praise on the experienced players in his side after they toppled defending champions Mumbai Indians in the opening match of the Indian Premier League.

South African veteran Faf du Plessis smashed an unbeaten 58 to guide Chennai to a five-wicket win, chasing Mumbai’s 162 in Abu Dhabi as glitzy Twenty20 tournament started months late because of the coronavirus pandemic.

Once labelled “The Dads Army” by the media, Chennai have a number of players over the age of 35, including Dhoni, Australia’s Shane Watson, du Plessis and South African Imran Tahir.

But Dhoni said that kind of experience would always be an asset to any team, with the perfect side needing the “right mix of youngsters and the experienced players”.

“What really helps youngsters in (the) IPL is the fact senior cricketers (come) from… different countries and they have their own experience,” said Dhoni, who retired from international cricket last month.

“So that way we are blessed to have the senior cricketers who are part of the team.”

Dhoni added that players with more than 300 one-day internationals under their belt have built up the kind of experience that is difficult to accumulate.

“You need a number of years to play those,” said the Indian star.

“And now with three ODIs a series, 300 ODIs is a dream for anybody to play.”

Du Plessis smashed six boundaries in his 44-ball stay including a 115-run partnership with 34-year-old Ambati Rayudu, who hit 71, to help the three-time IPL winners chase the target with four balls to spare.

England’s Sam Curran smashed 18 off six balls after the 22-year-old all-rounder was sent ahead of Dhoni in a move that surprised many.

But Curran’s hitting affirmed Dhoni’s faith in him.

“That’s one thing we haven’t done,” Dhoni said, referring to experimenting with the batting order.

“At some point… we need to give (Ravindra) Jadeja and somebody like Sam to express themselves.”

The 53-day IPL is being held in the United Arab Emirates this year because of concerns about the spread of the coronavirus in India, which has the second-highest number of known infections in the world.

Participation of Maryam in APC shows no-confidence over Shehbaz: Chohan

LAHORE : Punjab Information Minister Fayyazul Hassan Chohan has said that participation of Begum Safdar in the APC shows no-confidence over her uncle Shehbaz Sharif.

“Shehbaz Sharif deceiving his elder brother and niece from many years”, Fayyazul Hassan Chohan said in his statement issued here from Lahore, today.

The only concern of the PML-N President Shehbaz Sharif is to get rid-off the cases being faced by him and his son Hamza, the minister said, and added that he is not interested in return of Nawaz Sharif or departure of Maryam Nawaz to London. The minister said demand to shut the National Accountability Bureau (NAB) by opposition is just like demanding National Reconcilation Ordinance (NRO).

Fayyazul Hassan Chohan said that All Pakistan Lootmaar Association has gathered to save their corruption money.

Pakistan People’s Party (PPP) chairman Bilawal Bhutto-Zardari is hosting the all parties conference (APC) in Islamabad today which would be addressed by co-chairman Asif Ali Zardari and Pakistan Muslim League Nawaz (PML-N) supremo Nawaz Sharif.

The all parties conference (APC) would be attended by opposition parties for consulting over initiation of political movement against the incumbent government led by Pakistan Tehreek-e-Insaf (PTI).

‘Opponents to face failure as nation standing with govt rhetoric’

Islamabad : Punjab Chief Minister Chaudhry Sarwar has said that the nation is supporting the rhetoric of the incumbent government and opponents will face failure.

Chaudhry Sarwar expressed his thoughts while meeting with Sindh Governor Imran Ismail where they discussed the current political scenario and matters related to government affairs. Ismail thanked Sarwar over relief package to the affected citizens in flood-hit areas of Sindh.

During the meeting, Sarwar said that all parties conference will be continued till 2023 but the incumbent government led by Pakistan Tehreek-e-Insaf (PTI) will complete its five-year term. He said that Prime Minister Imran Khan has always turned impossible into possible.

The Punjab governor said that the present government is working for the development of weak segments of the society and nobody could criticise the honesty of the premier Imran Khan. The country has successfully built up a global and diplomatic reputation, added Sarwar.

Sindh Governor Imran Ismail said that PM Imran Khan gave a vision of a prosper and stabilise Pakistan and those spreading hopelessness and chaos will get nothing other than disappointment. He said that the policies of the federal government were meeting successes to coup with different challenges.

India’s COVID-19 cases climb up to 5.4 million

India’s coronavirus cases tally rise up to 5.4 million as it added 92,605 new infections in the last 24 hours, data from the federal health ministry showed on Sunday.

The country has posted the highest single-day caseload in the world since early August and lags behind only the United States, which has 6.7 million cases in terms of total infections.

A total of 1,113 people died of COVID-19 in the last 24 hours, the health ministry said, taking mortalities to 86,752, which is a relatively low 1.6% of all cases.

With coronavirus cases rampantly climbing in India, doctors say that everyone in the country could be a potential carrier for the virus.

The disease is rampant in rural India, where people often have to rely on the most basic health facilities.

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