Aptma lauds Punjab governor services

lahore (Staff Reporter):  Chairman APTMA S M Tanveer has appreciated Governor Punjab Ch Muhammad Sarwar for his contributions in securing GSP plus facility for Pakistan. He said Ch Muhammad Sarwar has proved himself as honest, upright and steadfast person throughout his tenure as Governor Punjab. He will be remembered long for his services to the education and health sectors, especially his initiative for clean drinking water in all public schools was highly appreciated by all walks of life, Chairman APTMA added. Mr. Gohar Ejaz, Group Leader APTMA said that Governor Punjab Ch Muhammad Sarwar has also played a vital role in positive image building of Pakistan in the world.

He said the Governor Punjab was trying to reform the society based on a fair system and his services will be remembered for all the times to come. Already, he said, the Governor Punjab has earned good name for Pakistan by holding important positions in British Parliament.  Governor Sarwar had been promoting prosperity and progressive thinking in keeping with Islamic values. His contribution in renouncing British citizenship to serve Pakistan is a singular example of dedication and commitment to the good of the country.

Pakistan to get Japanese technology

of auto parts manufacturing

ISLAMABAD (APP): Japan International Cooperation Agency (JICA) under “The Project for Technical Support to Auto Parts Manufacturing Industry” has agreed with Small and Medium Enterprises Development Authority (SMEDA) for a technical assistance for enhancement of auto parts manufacturing industry in Pakistan. The agreement was signed here Thursday between Mitsuyoshi Kawasaki, Chief Representative of JICA and Muhammad Alamgir Chaudhry, CEO of SMEDA, Mukhtar Ahmad, Joint Secretary, Ministry of Industries and Production, and Syed Mujtaba Hussain, Joint Secretary, Economic Affairs Division (EAD).

The Project is aimed to improve the quality and productivity of auto parts through the technical support by Japanese experts, which leads to the competitiveness of auto parts suppliers, will be strengthened, a statement of JICA issued here said.

The duration of the Project is expected four (4) years from April 2015, and target areas are Lahore and Karachi. Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) is also involved as an important partner of the Project.

Auto sector is one of the fastest growing sectors in Pakistan and it contributes towards the nation’s economy in the form of technology transfer, employment and revenue generation.

Local vendors deem to play an important role in the growth of auto industry as they bear the responsibility of producing auto parts and sub-assemblies according to the bench mark set by the respective Original Equipment Manufacturers (OEMs).

On the other hand, local auto parts manufacturing industry is still in the process of development in terms of competitiveness, quality, cost and flexibility of manufacturing procedures.

Pakistan has not been able to derive maximum benefits in terms of technical know-how, production technology and quality control in order to upgrade the vendor base of auto sector.

For the foregoing reason, SMEDA requested Government of Japan for initiating a long term technical support of Japanese way of improving productivity and quality.

SMEDA aims to broaden the scope of productivity improvement activities across the value chain of auto sector in the development of the vendor base across the country.

Mr. Kawasaki while commenting on the significance of the project said, “I am very confident that this new project will support to achieve higher results in auto part industry by ensuring implementation of the plan of actions, efficient use of existing resources and building trustful services delivery”.

SECP extends licence renewal deadline for NGOs

ISLAMABAD (Staff Reporter):  The Securities and Exchange Commission of Pakistan (SECP) has extended its licence renewal deadline to NGOs to Monday, February 16.  The decision has been taken at the request of many relevant stakeholders. The SECP has made it clear that no further extension will be made. The NGOs’ licences that are not renewed will be revoked. The SECP vide its circular No 29/2008, of December 24, 2008, had detailed the requirements for making application for renewal of the licence. Accordingly, all the non-profit associations, which obtained their licences before January 1, 2010, have now again been directed to apply to the SECP for renewal of their licence by February 16 positively.

Pakistan Energy Forum on Feb 19

ISLAMABAD (APP): The 7TH Pakistan Energy Forum-2015 will be held here on February 19 to discuss issues that continue to remain as stumbling blocks in addressing energy problems. With a theme “Streamlining Energy Priorities for Developmental & Economic Growth,” the Forum will be organized by Shamrock Conferences International. The annual assembly of energy stakeholders is expected to dilate upon some of the critical issues that have recently caused an energy crisis in the country. The concerned ministries, regulatory bodies, exploration and production sector, power producing and distribution companies, oil marketing companies and organizations engaged in renewable resources will be featured in the meeting.

All stakeholders in energy sector will discuss plans for better tomorrow.

The Forum will conclude with decisive recommendations for its immediate redressing.

Students visit LSE

lahore (Staff Reporter):  A General Visit by the students of University of Management and Technology, Sialkot has been organized by the Corporate Communications Department Lahore Stock Exchange where LSE’s officials interacted with the students.  At the event Corporate Communications Department-LSE gave a detailed presentation covering all spheres of capital and financial markets. The students were briefly informed about the regulatory framework, market indicators, investment products, financial services & opportunities accessible to investors in Pakistan. Ms. Gitee Bhatti-Officer Corporate Communications quoted practical examples about various investment avenues obtainable in the market and their role in the economic structure of the country.

Ms. Gitee also spoke on various operational matters of the Exchanges including listings, trading, corporate governance, sensitivity of Stock Market and investor protection. While addressing to the students, Ms. Gitee requested the students to adopt saving behavior in their life style in order to become the Chief Financial Officer of their own life.