PSM achieves 45 per cent production capacity

KARACHI (INP): The production of Pakistan Steel Mills is increasing by leaps and bounds due to far sightedness in policy matters and timely taken corrective measures regarding repair and maintenance by the management of Pakistan Steel. Current production capacity has reached 45pc of 1.1 Mtn per annum and it’s embattled to achieve more than 50pc CAPU (capacity utilisation) during the month of January, 2015. It is imperative to mention here that the Hot Metal Mixer (HMM) in the Steel Making Department (SMD), considered as an essential part of making homogenous steel has been made functional by the engineers and technicians of PSM, which was broken for last 4 years, since 2010.

The repair of HMM will further help to achieve better production target.

On the directives of  Zaheer Ahmed Khan, Chief Executive Officer, Pakistan Steel Mills , essential repair and maintenance of the plant has been undertaken which will hasten to achieve production targets. Moreover, the workforce and management are on the same page and striving hard to revive this national asset. The management appreciates the efforts made by all the employees and hope that these efforts will not only continue but will also increase as the situation demands.

Traders go to court against GST hike on oil

lahore (Staff Reporter): The all Pakistan Anjuman-e-Tajiran central general secretary Naeem mir has filed the writ petition in Lahore High Court against the imposition of 22% general sales tax on petroleum products through an executive order by the Government. Naeem mir making chairman FBR, chairman OGRA, Ministry of finance, ministry of Law and order and ministry of parliamentary affairs party has argued that government can only impose tax through parliament, but in this case the levy has been imposed on oil products through an executive order which is absolutely illegal. The first hearing of this RIT petition will be held on Friday (today) in the court of MR. Justice Shahid Jameel Khan.

Job creation can deter menace of terrorism

lahore (Staff Reporter): Chief Minister Punjab Shahbaz Sharif has said that the menace of terrorism can be deterred effectively through job creation and the textile industry has the potential to play vital role in this regard.  He visited Chairman APTMA S M Tanveer at his residence to a felicitate him on the wedding of his son and expressed his best wishes for the couple. Mr S M Tanveer is also Chairman PIEDMC and actively pursuing Chief Minister’s dream of rapid industrialisation of the province.  Chief Minister Punjab said the public private partnership is a must to create jobs through industrialisation. He assured Chairman APTMA of full support in expansion of textile industry in the province of Punjab.

Speaking on the occasion, Chairman APTMA thanked him for ensuring energy supply to the Punjab-based textile industry. He further expressed the hope that continuous operations of textile industry would strengthen the economy ahead.

According to him, the textile industry has a potential to create jobs, as there is a thumb rule that every one billion dollar investment in textile industry creates one million jobs.

TDAP releases funds for WCCI exhibition in Multan  

MULTAN(APP): The TDAP has released Rs 1.5m funds to the Women Chambers of Commerce & Industry Multan for an exhibition to be held on February in the city. Director TDAP Alamgir Khan while confirming release of funds said the proposed exhibition coupled with a training programme would be carried out under a prescribed code of conduct  to be observed strictly. The incumbent and former presidents WCCI, Humaira Batool, and Masooma Sebtain, respectively said matters regarding a three-day exhibition of products of women  industrialists as well as the fashion show had been finalized with TADAP Secretary Rabia Jawaria after a brief meeting in Karachi.

FPCCI office-bearers assume charge

KARACHI (Staff Reporter): In accordance with election results 2015 for the office bearers of the FPCCI, Mian M Adrees and Abdul Rahim took over the charge as new President and Senior VP of FPCCI respectively. The other office bearers who took over their charge as Vice President include  M Ikram Rajput from Sindh, Kh. Zarar from Punjab,  M Akram from Islamabad,  Fehmeeda Kausar  from WCCI,  Shahnawaz Ishtiaq from PSRMA,  M Waeem Vohra Pakistan Chemicals & Dyes Merchants Association, Hameed Akhtar Chadda from Cutlery and Stainless Utensils Manufacturers and Exporters Association, Zahid Anwar from  Pakistan Agriculture & Dairy Farmers Association.

However the election results of KPK and Balochistan provinces have been withheld and shall be announced later.