PRGMEA for revision of visa policy to

facilitate foreign investors

SIALKOT (APP): Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) chief coordinator Ijaz A Khokhar has urged the government to initiate revision of visa policy in order to facilitate foreign buyers and investors. Talking to APP on Tuesday, he suggested visa on arrival policy for the businessmen. Ijaz urged the government to negotiate with the Chinese government for review of their policy and grant of multiple entry visas to the members of business community of Pakistan with validity of five years. He said the procedure for obtaining Chinese visa should be simplified. The PRGMEA coordinator further said that business community was making adequate efforts to boost export volume despite certain hurdles. He said that social security, EOBI and other taxes be merged and deducted at source, saying the government will receive more tax than it actually received from the textile companies because of indifferent system.

"Lack of coordination among the stakeholders is a major obstacle in the implementation of textile policies, resulting in stunted growth of exports. We urge the Prime Minister to assume patronship of Pakistan exports and hold quarterly meetings to review progress. Both private and public sectors be held answerable for failures", he said.

The PRGMEA coordinator, welcoming the new government incentives package designed to boost the country's clothing and textile exports, said due to non-payment of refunds and sharp increase in cotton yarn prices the value-added textile industry was hit adversely. Ijaz regretted that due to non-availability of latest fabric locally the garment sector had a limited product line for export market, adding that foreign buyers were demanding new garments on G3, G4. He said more than 30 percent cash flow was blocked since long in the shape of sales tax refund and custom rebates which was damaging cash liquidity for boosting business.

 

 

 

 

Appreciation ceremony at PCJCCI

 

LAHORE (Staff Reporter): Pak-China Joint Chamber of Commerce and Industry arranged an exclusive appreciation ceremony in honor of Husnain Nazish for writing interesting travelogue on his visit to China. The travelogue entitled as "Deewar-e-Cheen kay Saey Talay"is reflection of the writer's experiences in Chinese community. PCJCCI President SM Naveed, Dr Iqbal Qureshi and Rana Mehmood Iqbal addressed the ceremony. Naveed said that PCJCCI will heartily encourage every move that will be intended to promote cultural and trade relations with China. He said that writers and intellectuals must come forward to play an effective role of strengthening cultural bond with China. He said that Pakistan is entering into a historical relation with China that will be transferred among the generations to come. Naveed stressed on the need of an effectual literature that can help our generations to understand the cultural and traditional norms of both countries.

Other PCJCCI representatives and dignitaries including Wang Zihai, Moazzam Ghurki, M Salahuddin Hanif, and various Intellectuals and writers also participated in the ceremony.

 

 

 

 

                Russian team calls on minister

 

ISLAMABAD (NNI): A delegating of world expo 2025 Ekaterinburg- Russia, bid committee called on Federal Minister for Industries and Production Rais Ghulam Murtaza Khan Jatoi Tuesday. Russia's bid is for a world Expo in the city of Ekaterinburg between 2 May and 2 November 2025 under the theme changing the World: Innovations and Better Life for Future Generations. Rais Ghulam Murtaza stated that the visit of the delegation is reflective of the increasing ties between Pakistan and Russia and will certainly provide impetus to further expand bilateral relations in various sectors.  The delegation briefed the minister, during the Expo, all kinds of entertainment, cultural and recreational activities at newly-built venues would be arranged around the embankment, the main ones being the amphitheatre, the concert hall, the expo arena and the multimedia playground & cinema. Staging the most high-profile and innovative international event to run smoothly while hosting Expo 2025 means ensuring the best, distraction-free experience for its participants and visitors.

Ekaterinburg would provide all visitors with world-class accommodation, which would become a sustainable social legacy for generations of citizens after the end of World Expo 2025.

The delegating of world expo 2025, bid committee invites the minister to participate the event.

 

 

 

 

Japanese CG meets SBI chairperson

 

KARACHI (APP): Japanese Consul General (CG) to Karachi Toshikazu Isomura on Tuesday called on Sindh Board of Investment (SBI) Chairperson Naheed Memon at her office. Talking to the Japanese CG, Naheed said that the friendly old relations between Japan and Pakistan can further be strengthened through mutual cooperation in different sectors, according to a statement. Exchanging views on various matters of mutual interests, she said the volume of the mutual trade between Pakistan and Japan is around $1.75 billion per year which include exports and imports. The exports from Pakistan to Japan has decreased to some extend which, she said we want to increase the same and the cooperation of the Japanese CG is needed in this regard. She stressed upon further mobilizing the Pak-Japan Business Forum and said if Japan is interested in investment in some particular sectors in Pakistan, the SBI is ready to extend all possible cooperation. The SBI chairperson said that the establishment of Special Economic Zone can also be discussed.

She said that the Japanese investors are aware regarding the investment in Pakistan and the feel comfortable in here.