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Sale of Pakistani gem products get increased in Chinese market

BEIJING, NOV 9 (DNA) – Building brands, selling goods of high quality and co-working with China to design and produce – Pakistani gem products have embarked on a different path of development in the Chinese market ever since the second phase of Pakistan-China Free Trade Agreement (FTA-II) came into effect.

” I use high quality raw stones and high standards of workmanship to make jewelry, providing consumers the best,” said Aqeel Ahmed Chaudhry, founder of WINZA from Pakistani gemstone firm Cosmo Enterprises,  while talking to China Economic Net (CEN) during the third China International Import Expo (CIIE).

Chaudhry, who has been living in China for more than a decade, launched WINZA jewelry store in Shanghai’s glitzy business district, producing crowns for champions of International Super Model Contest, Miss Earth and other competitions.

Seeking a foothold in the increasingly competitive jewelry market, Aqeel Ahmed Chaudhry has his own strategy. First is to build a brand. “80% of the establishment of a brand depends on people and 20% on products.

Branding is not only about selling things, but also about inheritance, which requires our team to make gems with high quality and high standards, and inject family culture into the inheritance from generation to generation. Our products are designed by my younger sister and 4 Chinese designers.”

“The second point is the strict selection of raw materials. We select the highest quality raw stone which must be natural, clean and of beautiful color; then we purchase them with high price.

Third, high standards of production, control of materials, design, etc. must be adopted. We dare to compete with the world’s big brands. Although our company is small, the quantity of products is limited, but it does not mean that the quality is poorer than others,” he added.

At present, the company’s main business is in China. “We import raw materials from Pakistan, Sri Lanka and other countries, and process and sell them in China.” Touching on the sales of Pakistani gems in China, Chaudhry said that Pakistani ruby sales in China increased by about 30% over the previous year.

Although the sales of emeralds are not as good as rubies, they are unique to Pakistan and we want to promote them more, he added. Chaudhry, also the director of the Jewelry Committee of Shanghai Mineral Fossil Association, wants to bring Pakistani jewelry culture to more people. “Pakistan is our IP; we want more people to know our country.”

He said that next year, he plans to open another 2-3 retail stores in China, and plans to open 20 retail stores in Beijing, Shanghai, Guangdong, Shenzhen and other big cities in the next five years.

In addition to relying on the brand strategy of climbing up the value chain, winning with cost performance is another path explored by Pakistani gems enterprises.

“We’ll take this,” a Chinese buyer said at booth 6.2 of Pakistan Gem Pavilion during the CIIE. The Chinese buyer told Economic Daily· China Economic Net that the jewelry products purchased from last year’s CIIE were good.

This time he specially bought one piece for his wife. He thinks that Pakistani tourmaline has both favorable price and good quality. “The tourmaline with good quality sold for more than RMB 10,000 at other booths, while our Pakistani brother sold this one for only RMB 2,000, it’s with relatively few impurities,” the buyer said.

“Chinese people prefer colorful tourmaline. This is the third time that we’ve attended CIIE. I saw the potential of gem products in the Chinese market when I attended the first CIIE and decided to participate in the second and third sessions,”Faizan Ahmed from Shakeeb Gems told Economic Daily·China Economic Net.

Faizan said he made RMB 70,000 in sales during the six-day CIIE last year. “More importantly, we have gained potential customers and signed memorandums of cooperation with three purchasers.” He said that since 2006, the company’s sales in the Chinese market have been increasing year by year, doubling from USD 30,000 in 2006 to USD 60,000 last year.

“We came to Shanghai from Pakistan just for the CIIE. Although we need to be quarantined for 14 days after arriving in China, we must come because we have not participated in any exhibitions for a long time, and we think China is safer than any other country in the current pandemic situation, so we come to look for business opportunities.” Faizan said.

This time Faizan brought Pakistan’s tourmaline, lapis lazuli, garnet, sapphire, ruby and other products to the expo. Speaking of the advantages of Pakistani gem products, he said that Pakistani products are handmade and the price is about 25%-30% cheaper than that in the Chinese market.

Second, the CPFTA Phase II reduces Pakistan’s gemstones export tariff from 17%-32% to zero, which brings benefits to Pakistan’s gemstone exports. Third, with many years of experience in gem sales in China, they have a better understanding of Chinese culture and consumer preferences, and can provide customization according to the needs of Chinese buyers.=DNA

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NEPRA increases power tariff by Rs0.48 per unit

ISLAMABAD : The National Electric Power Regulatory Authority (NEPRA) raised power tariff by Rs 0.48 per unit, putting an overall burden of Rs5 billion on the consumers.

According to NEPRA, the increase in tariff by Rs 0.48 per unit was made on account of variations in fuel charges for the month of August 2020.

The increase of Rs0.48 per unit will be applicable to all consumer categories except lifeline consumers of all distribution companies, said the power regulator. However, it will not be applicable to the consumers of K-Electric.“The said adjustment shall be shown separately in the consumers’ bills on the basis of units billed to the consumers in the month of August 2020 by the XWDISCOs. XWDISCOs shall reflect the fuel charges adjustment in respect of August 2020 in the billing month of November 2020,” read a notification issued by NEPRA.

Earlier on October 8, the National Electric Power Regulatory Authority (NEPRA) had notified an increase of Rs0.83 per unit in power tariff on account of variations in fuel charges for the month of July 2020.

The increase of Rs0.83 per unit would be applicable to all consumer categories except lifeline consumers of all distribution companies, according to the power regulator.

“The said adjustment shall be shown separately in the consumers’ bills on the basis of units billed to the consumer in the month of July 2020 by the XWDISCOs (Ex-Wapda Distribution Companies),” the notification issued by the NEPRA had read.

China’s cooperation sought in reforming Pakistan’s cotton Industry: PCGA

ISLAMABAD, NOV 9 (DNA) – In order to bring qualitative reforms in its acre per yield in Pakistan, China could help Pakistan by providing technology that can improvise seed production and promote mechanization, ex vice chairman Pakistan Cotton Ginners Association (PCGA) Asim Saeed said.

While talking to Gwadar Pro, he stated that the current challenge facing the Pakistani cotton industry is that it cannot obtain the latest technology from local researchers, nor can it attract international companies to settle in.

Technology in the seed, machinery, plantation and picking up process, and ginning of cotton are with low quality, which means Pakistan is still using 70 year-old technology in its ginning industry that leads to poor output.

Despite the decline in cotton production in Pakistan, the number of cotton yarn exported to China has still increased in recent months.

Asim Saeed explained that the CPEC has had a positive impact on it. “Raw materials of yarn are available in our country and Pakistani yarn is enjoying zero tariffs in the Chinese market meanwhile there is a lot of demand of Pakistani yarn in the Chinese market.

If we improve our quality and meet Chinese standards then, under the new tariff regime, we can substantially enhance our cotton products to China.”

Pakistan is emphasizing to reduce dependence on imported cotton by cultivating long-staple cotton. According to Asim Saeed, Pakistan is quite suitable for growing long-staple cotton.

“We have one of the best soil conditions and canal systems for growing cotton; the climate is favorable and we are hard-working nation that has rich experience in growing cotton from generations to generations.

We have all the capacity and potential to reach target of 20 million bales. Once international seed providers come to Pakistan, they will see a huge advantage.”

He further called on government, private sector and international supervision to make joint efforts to execute measures to enhance the cotton production. Policies for providing cotton farmers with enough profitability are also needed.=DNA

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One more Sindh cricketer fined for breaching code of conduct

Karachi : Senior Test batsman Asad Shafiq has been fined 20 % of the match fee for a level 1 offence relating to showing dissent at an umpire’s decision yesterday during Sindh Quaid-e-Azam Trophy’s fixture against Northern at the UBL Sports Complex.

The 34-year-old showed obvious disappointment and verbally questioned the umpiring decision when he was given out LBW in the 15th over of Sindh’s second innings.

Asad was reported by on-field umpires Faisal Afridi and Saqib Khan at the end of the third day’s play for violating article 2.8 of the PCB Code of Conduct for Players and Player Support Personnel.

He accepted the charge and the sanction handed out by match referee Mohammad Anees hence there was no need for a formal hearing.

Yesterday, Sindh captain Sarfaraz Ahmed was fined 35 % of the match fee for using inappropriate language while Central Punjab batsman was fined for 20 % of the match fee.

Villages of Barda District in Azerbaijan attacked with rockets, heavy artillery

BAKU, NOV 9 (DNA) – On Nov 7, 2020, the villages of Barda district outside the frontline zone of Azerbaijan were intensively shelled by the Armenian armed forces with rockets and heavy artillery.

Armenia, violating the existing humanitarian ceasefire, continues its criminal activities, targeting the Azerbaijani civilian population, disregarding international humanitarian law and its obligations.

One civilian, a 16-year-old teenager was killed in a shell attack on a private house in Yeni Ayrija village of Barda district, thus bringing the number of Azerbaijani civilians killed as a result of Armenia’s new aggression against Azerbaijan to 93 since September 27.

MoFA of Azerbaijan strongly condemned Armenia’s continuing aggression policy and shelling the civilians, contrary to the norms and principles of international law and disrespecting the efforts of international mediators.

We demand from Armenia immediate and unconditional withdrawal of its armed forces from the territories of Azerbaijan still remaining under occupation, in accordance with the requirements of the international community, including UN Security Council resolutions.

The elimination of the occupation and the return of IDPs to their homes is an important condition for lasting peace in the region.=DNA

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‘Iqbal’s thoughts continue to inspire & guide’: PM pays tribute to poet on birth anniversary

ISLAMABAD : The nation is celebrating the 143rd birth anniversary of Dr Allama Muhammmad Iqbal, the Poet of the East, with national zeal and fervour today.

Paying tribute to the poet, the prime minister tweeted: ” Iqbal’s thoughts continue to inspire & guide. ”

He also shared a short excerpt from Iranian intellectual and author Dr Ali Shariati’s article on Allama Iqbal, which reads: “He [Iqbal] is a great mystic, with a pure spirit, delivered of materiality and, at the same time, a man who respects and honors science, technological progress, and the advancement of human reason in our age.”

Earlier today, a change of guard ceremony was held at the mausoleum of Dr Allama Iqbal to mark his birth anniversary. A contingent of the Pakistan Navy assumed guard duties at the mausoleum. Pakistan Navy’s Station Commander, Commodore Naimatullah, was the chief guest.

COVID-19: 1,650 new infections, nine deaths reported in Pakistan

ISLAMABAD : The statistics of the National Command and Operation Centre (NCOC) has shown that 1,670 new cases of COVID-19 and nine more deaths were recorded across the country during the last 24 hours.

The tally of deaths reached up to 6,977 in Pakistan, whereas, 318,881 patients recovered from the virus.

33,340 tests were conducted and the number of active cases of COVID-19 reached up to 18,981, whereas, the total count of infections is 344,839.

In Karachi, the administration of District East took actions against seven restaurants for violating coronavirus standard operating procedures (SOPs).
Each restaurant has been fined Rs100,000 by the district administration. The actions were taken after raids conducted by a team due to violation of time limits set by the government. The district administration said in a statement that the staff and customers were not wearing face masks.

Earlier on Sunday, in a bid to stem the spread of COVID-19, the National Command and Operation Centre (NCOC) had issued new standard operating procedures for marriage ceremonies.

According to the NCOC, the wedding events amid the second wave of COVID-19 should be organised while taking care of the precautions and SOPs pertaining to gatherings to minimise the chances of spread.

Only outdoor wedding events are allowed, in which the number of the guests must not exceed 1,000 individuals with mandatory arrangements for seating of each individual at-least 6 feet apart, read the statement.

On November 6, the National Command and Operation Center (NCOC) had introduced a new set instructions amid the second wave of Covid-19 and ordered “Work From Home” to be implemented in Pakistan from November 7.

Both public and private offices were instructed to implement WFH conditions while it has allowed only 50 per cent of employees to be called into offices.

The NCOC had announced smart lockdowns in Covid-19 hotspots across the country and noted that the set of instructions, in the second phase of chalking out precautionary measures, has been passed on to all the provinces.

Those found not wearing face masks will be slapped with Rs100 fine against which they will be provided three masks as well, new NCOC instructions noted.

NCOC

NCOC morning session held today . The forum discussed in length recent surge in Covid positivity ratio and recent enforcement measures post NCC meeting. Chief secretaries of provinces updated the forum on administrative measures on fresh guidelines in higher positivity ratio cities in their respective provinces particularly administrative measures and enforcement efforts regarding face mask wearing and arrangements for outdoor weddings modalities to ensure fresh health guidelines. Forum noticed thatPositivity ratio in major cities increasing rapidly . Over all nation wide 4.5 %  positivity ratio in the country.15 major cities across Pakistan have higher positivity ratioHyderabad is having highest positivity ratio in Pakistan with 16.59 % positivity ratio, Gilgit 15.38 % , Multan 15.97 % , Muzafarabad 14.12 % , Mirpur 11.11% , Peshawar 9.69%, Quetta 8.03%, Islamabad 7.48 %, Karachi 7.12% , Lahore 5.37 % and Rawalpindi 4.63%Forum was informed that 4136 Micro small lockdowns are in place across Pakistan. TTQ strategy is being used for disease control and prevention of Covid spread. Forum was informed that recent health guidelines will remain enforce in 16 Major citiestill 31 Jan 2021.Forum was apprised that2811 oxygenated beds were included to ramp up hospitals capacity andOver 13000 oxegen cylinders were issued to various provinces / federating units. NCOC appreciated efforts of provinces  for taking prompt and necessary measures in line of health guidelines for public safety and well being

RCCI welcomes reduction in power tariff for industries

RAWALPINDI, NOV 8 (DNA) – The Rawalpindi Chamber of Commerce and Industry (RCCI) President Mohammad Nasir Mirza has said that Prime Minister Imran Khan has provided a huge relief to the industrial sector by announcing reduction in electricity tariffs and other incentives. The Rawalpindi Chamber welcomes this decision.

Addressing the second executive meeting, RCCI President said the relief package would benefit small and medium enterprises (SMEs), reduce electricity tariffs by 50 per cent on surplus consumption, and reduce other industries by 25 per cent.

The government has abolished peak hour tariff and reduced tariffs on used electricity, is a laudable step.

The President said that traders and industrialists appreciated the decision of the Prime Minister as the industrial sector was badly affected due to the Coronavirus. The government has already provided a number of incentives to the business sector, including soft loans, reduction in interest rates, as well as other financial decisions and manufacturing services that still need more help to grow economically.

He said the chamber has always demanded a reduction in the cost of electricity and gas to reduce business costs. Lower electricity rates will reduce business costs, he further added.=DNA

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