Pulses cultivation to be

promoted by spending Rs127m

LAHORE (APP): The Punjab govt has decided to promote pulses cultivation with a view to enhance their productivity and improve quality. An amount of Rs 127.260 million had been approved for the promotion of pulses cultivation in the province by the government, an official of the Punjab agriculture department told APP here on Thursday. He said the government wanted to improve productivity of major pulses (gram, lentil, mungbean, urdbean) in different areas by developing high yielding varieties and develop resistance against diseases and insects. He said measures would be taken to improve the responsiveness of pulses to different inputs, especially water and fertilizers so that they could be grown in intensive cultivation systems.

The step will benefit both consumers and growers, the official said.

Automotive industry producing 1.8m bikes

Lahore (Staff Reporter): The automotive industry is one of the oldest and most lucrative industries in Pakistan. The industry has significant effects on sectors such as petroleum, steel and employment et al. Carmudi, Pakistan’s leading online vehicle marketplace looked into the history of the automobile industry, and the many ways it has contributed to Pakistan’s economy throughout the years, as well as identifying the numerous ways in which it has a potential to grow. Currently there are 3,200 automotive manufacturing plants with an investment of Rs. 92 billion, employing 1.8 million people and producing annually 1.8 million motorcycles and 200,000 vehicles. Its contribution to the national exchequer is nearly 50 billion.

or roughly 3% of the GDP. The sector, as a whole, provides employment to 3.5 million people and plays a pivotal role in promoting the growth of the vendor industry. After the oil and petroleum sector, the auto industry sector in Pakistan is the second largest taxpayer in the country. Currently the average capacity utilization of the car industry remains at 47%. Its contribution to the government’s revenue is around Rs. 7.5 billion, and foreign exchange savings at $96 million.

20,000 Tevta graduates will be placed in industry

Lahore (Staff Reporter): 20,000 TEVTA graduates will be placed in the industry across the province of the Punjab at the end of this year. 1000 TEVTA pass out have been provided job opportunities in NESTLE Pakistan, Atlas Honda, Packages, Mughal Steel, Orient Electronics, Packages, Servis Industry, Crescent Bahoman, Gourmet, Walls Ice Cream, Ghani Glass, Izhar Steel, Habib Rafiq, Coca Cola, Pepsi, Mobilink, Telenor, Sitara Group, Century Paper Board, Metro Motorcycle, Fatima Fertilizer, Angro Foods, Master Polyplastic, Iqbal Floor Mills and other organizations across the province of the Punjab during last two months.  All these efforts are being taken in the light of the directions of the Chief Minister Punjab Muhammad Shahbaz Sharif. 

It was stated by Chairperson TEVTA Irfan Qaiser Sheikh while reviewing the progress for placement here yesterday (Thursday) at TEVTA Secretariat.  Chief Operating Officer TEVTA Jawad Ahmed Qureshi, TEVTA Officers Hamid Ghani Anjum, Abdul Qayyum, Engr. Azhar Iqbal, Shad, Akhtar Abbas Bhrawana, Waseem Baig and others attended the meeting.

Irfan Qaiser Sheikh said that placement cell to arrange job opportunities for TEVTA graduates in the province has been established at TEVTA Secretariat in June 2015.  20 Placement Officers have also been appointed in each TEVTA district in this regard.

Vietnam delegation visits ICCI to explore business matchmakings

ISLAMABAD (NNI): A large delegation of Vietnam led by Nguyen Xuan Luu, Ambassador of Vietnam to Pakistan and Hoang Duc Nhuan, Ministry of Industry and Trade of Vietnam visited Islamabad Chamber of Commerce and Industry and held B2B meetings with local businessmen to explore possibilities of business cooperation in areas of mutual interest. The delegation was representing textiles, electrical equipment, steel, home appliances, agro business, fruits & vegetables, beverages, fisheries, industrial machinery and auto parts etc. Speaking at the occasion, Nguyen Xuan Luu, Ambassador of Vietnam said that Vietnam was keen to promote trade and economic ties with Pakistan.

He said this was the second visit of a large business delegation of Vietnam to Pakistan as the first delegation had come here in February this year. It showed the high level of Vietnam’s interest to establish business collaborations with Pakistan.

He hoped that interaction of Vietnamese entrepreneurs with Pakistani counterparts will help in establishing business matchmakings in potential areas and improve bilateral trade as well. He also congratulated Pakistani nation on celebrating its 69th Independence Day.

Hoang Duc Nhuan, Ministry of Industry and Trade of Vietnam underscored the need to explore all opportunities for establishing business linkages between the private sectors of Pakistan and Vietnam as businessmen were the main stakeholders to foster bilateral trade and economic relations.

Call to enhance Pak-China trade

Lahore (Staff Reporter): Vice President of the Lahore Chamber of Commerce & Industry Syed Mahmood Ghaznavi has urged the Pakistani and Chinese businessmen to speed up their efforts to enhance two-way trade volume. While talking to his Chinese counterparts on Thursday, Syed Mahmood Ghaznavi said that businessmen of the both countries should identify new areas for joint ventures. He said that the Game-Changer Pak-China Economic Corridor would start a new era of trade & economic cooperation therefore Pakistan’s private sector should avail this unique opportunity to the maximum. The LCCI Vice President said that Pak-China Economic Corridor is an ample proof of unbreakable Pak-China historic friendship.

He said that both countries are associated together in strong ties of love and their mutual relations are based on solid foundations.

He said that economic globalization and regional integration has provided enormous opportunities for further cooperation between China and Pakistan. He said that Pakistan is an ideal destination of foreign investment and top priority of the Chinese investors.