Power shortfall shoots up to 3,000MW

ISLAMABAD (INP): With temperature shooting up across the country and wealthy people switching on their air-conditioners, the power shortfall in the country on Wednesday surged to 3,000 MW as the total generation was recorded as 12,600 MW against the demand of 15,600 MW. According to daily data released by the National Transmission and Dispatch Company Limited (NTDC) the hydel generation stood at 4,440 MW thermal 1,600 MW Wind 33 MW and Independent Power Producers (IPPs) 6,560 MW. With increase in power shortfall, the loadshedding has also been increased by PEPCO. The situation is particularly disturbing for the rural folk who have been denied of electricity for several hours in one go.

  As a result, people are unable to get the much sought after necessity of life i.e. water in summer.

MoU to promote scientific research in agri sector signed

islamabad (Staff Reporter): Pakistan Agricultural Research Council (PARC) Ministry of National Food Security and Research (MNFS&R) and Yunnan Academy of Agricultural Sciences (YAAS) People’s Republic of China have signed a Memorandum of Understanding (MoU) here at PARC Headquarters to promote the development oriented scientific research in the field of agriculture, and to strengthen partnership between two countries. The MoU will facilitate further collaboration between both countries in the activities based on their respective academic and technical needs and other priorities.

It will enable the representative agencies, PARC and YAAS, jointly to develop organisation of joint collaborative research programmes on themes of mutual interest; organise joint academic activities such as training courses, seminars, workshops and conferences and exchange of scientists, research scholars and students.

The major fields of collaboration are crop production research which include cereal crops (rice, maize and wheat), food legumes, industrial crops (potato, sugarcane, tea and sericulture), oilseed crops and horticultural crops (vegetables, banana, flowers and tropical fruits. Then there is plant protection research (development of IPM protocols), biotechnology development and collaboration on socio-economic research.

Africa Show attracts thousands of traders

lahore (Staff Reporter): Third LCCI Africa Show on Wednesday attracted a large number of people belonging to all walks of life including businessmen, government functionaries and politicians. The show, having an exhibition and a conference in its fold, continued the day long to satiate the information needs of the businessmen intend to do business with African Union. The exhibition was inaugurated by Provincial Minister Hameeda Waheeduddin while the conference was jointly opened by LCCI President Engineer Sohail Lashari and Dean of African Group in Islamabad, the Ambassador of Algeria, Dr Ahmed Benflis.

 Provincial Minister Mujtaba Shujaur Rehman, LCCI Senior Vice President Mian Tariq Misbah, Vice President Kashif Anwar and Chairman of the LCCI Committee on Africa Zafar Mehmood also spoke on the occasion.

The members of the African Union participated in the exhibition included:Sudan, Nigeria, Algeria, Tunisia, Egypt, Mauritius, Morocco, South Africa, Somalia, Kenya and Libya.

The Provincial Minister Mujtaba Shujaur Rehman said that the Lahore Chamber of Commerce and Industry was doing a great service by holding such functions for the cause of the economy. He said that the interaction with foreign Ambassadors working in Pakistan is a prerequisite to increase business with the world. He said that the African region has a great potential besides having a number of untapped markets therefore Pakistani business community should join hands with their African counterparts in the larger interests of people living in Pakistan and Africa.

The Dean of African Group & Ambassador of Algeria Dr Ahmed Benflis in his remarks said that the African Union with its fifty-five member states has moved on the path of political, economical, social and cultural development of the African countries aiming to coordinate and intensify their cooperation and efforts to achieve a better life for the people of Africa to defend their sovereignty, territorial integrity, independence and to eradicate all forms of colonialism from Africa.

To attain these objectives, the African people and the Heads of African Missions in Islamabad are playing their vital roles to further consolidate the multilateral relations in the fields of trade, commerce and industry with the brotherly country “Pakistan”.

Romanian envoy sees huge potential to boost trade with Pakistan

karachi (Staff Reporter): Ambassador of Romania, Emilian Ion has said that although trade volume between Pakistan and Romania has been improving with balance of trade in favor of Romania but this volume was not depicting the real potential and can be improved further as huge potential to enhance trade exists between the two countries.  Speaking at a meeting during his visit to the KCCI, he said Pakistan is a huge market which offers excellent opportunities to Romanian businessmen.  He advised KCCI to arrange visit of a trade delegation to Romania in order to promote business to business linkages and strengthen trade ties between the two countries.

In this regard, he assured full support to KCCI in organizing KCCI’s delegation’s visit to Romania.

Romanian Ambassador hoped that Pakistani business community succeeds in benefitting from the situation and enhances its exports to EU after this grant of GSP Plus status to Pakistan.

Romanian Ambassador recalled that his government decided to reopen its Consulate in Karachi last year with a view to promote commercial and business relations which is currently being headed by the honorary Consul General of Romania in Karachi, Tariq Saud.

Acting President KCCI, Muhammad Idrees, Former Senior Vice President KCCI, Shamim Ahmed Firpo, Honorary Consul General of Romania in Karachi, Tariq Saud, KCCI Managing Committee members and PRBC representatives were also present on the occasion.

PM approves BoD of EPZA

karachi (Staff Reporter): Prime Minister Mian Nawaz Sharif has approved Board of Directors of Export Processing Zones Authority (EPZA). According to a notification issued by Ministry of Industries & Production, EPZA Board would comprise Chief Secretary Sindh, Chief Secretary Balochistan, Member (Exports) FBR, Abdul Sattar Khokhar, Joint Secretary (IID) M/o Industries & Production, CEO, Trade Development Authority of Pakistan, President FPCCI, Zaid Bashir (Gul Ahmed Textiles), Anjum Nisar, whereas Chairman EPZA shall preside the Board. The investors as well as industrial circles have expressed their satisfaction on this notification as it is meant to resolve the issues faced by business community of Pakistan.