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15th My Karachi – Oasis of Harmony to start at Expo Center from April 20th: Siraj Teli

Karachi, March 09, 2018 (PPI-OT):Chairman Businessmen Group (BMG) and Former President of the Karachi Chamber of Commerce and Industry (KCCI), Siraj Kassam Teli has announced that preparations were in full swing for staging 15th My Karachi – Oasis of Harmony Exhibition 2018 in a vivid and lively manner, which will start on 20th April 2018 and conclude on 22nd April 2018 at Karachi Expo Center.

Addressing a press conference at KCCI Auditorium on Friday, BMG Chairman appreciated the overwhelming support by the media extended to the Businessmen Group since its inception in 1998 and also to My Karachi Exhibition since 2004 which has resulted in making this mega event an icon and identity for not just Karachi Chamber and the Businessmen Group but also for all the Karachiites.

“The success of My Karachi exhibition can mainly be attributed to the non-stop support by the media since 2004 who carry out numerous activities at the exhibition which help a lot in effectively promoting this event”, he added.

Vice Chairman BMG Zubair Motiwala, President KCCI Muffasar Atta Malik, Senior Vice President KCCI Abdul Basit Abdul Razzak, Vice President KCCI Rehan Hanif, Chairman of Special Committee for My Karachi Muhammad Idrees, Former Presidents KCCI Haroon Agar, Abdullah Zaki, Iftikhar Ahmed Vohra and Shamim Ahmed Firpo and along with KCCI Managing Committee members were also present on the occasion.

Chairman BMG further said, “My Karachi title was particularly chosen for this exhibition as we, the business and industrial community, strongly felt that we have to own this city.” The success of My Karachi title can be gauged from the fact that many people have also started numerous events with a similar title of My Karachi, which was initially introduced by Karachi Chamber in 2004. “We are not opposing them for imitating our title but we warmly welcome all such events because all these events are being held to promote the soft and positive image of Karachi”, he added.

Explaining the reasons behind choosing the theme ‘Oasis of Harmony’ for My Karachi Exhibition, Siraj Teli stated that this theme depicts the diverse, multi-cultural and multi-ethnic population who speak different languages but live in complete harmony across Karachi. The theme also represents the entire business and industrial community of Karachi, starting from a small shopkeeper to leading industrialists, he added.

Siraj Kassam Teli pointed out that Karachi Chamber has been constantly staging My Karachi Exhibition since 2004 when Karachi city was suffering badly due to terrorists’ activities and the law and order situation of Karachi was not so good. Moreover, the foreign media was wrongly portraying any law and order incident occurring in any particular area in such a manner that it gave a negative impression about the entire city.

“To rectify this serious issue, we decided to initiate My Karachi Exhibition and ensured that the business and industrial community, all diplomats, foreign companies and the Karachiites densely participate in this event. With the passage of time, this exhibition has succeeded in gaining nationwide and international recognition as many countries around the world have also been regularly participating in this event.”

“Despite law and order disruptions on many occasions from time to time, we kept organizing My Karachi Exhibition at any cost which has expanded from just three halls in 2004 to all six halls of the Expo Center where more than one million people visit during all three days of the exhibition. Every year, My Karachi keeps growing and improving thanks to the untiring efforts being made by Office Bearers from time to time who try their best to perform better as compared to previous office bearers”, he said, adding that today law and order situation was 90 percent better than what it had been prior to 2013.

He informed that this year’s My Karachi Exhibition will have 315 stalls spread over all six halls of the Expo Center in which foreign delegates from six countries have confirmed their participation so far. “It has become a self-sustainable exhibition and has never been a burden on KCCI. In fact, this exhibition has generated revenue which is directly submitted to chamber’s kitty”, BMG Chairman said, adding that last year’s My Karachi generated a handsome revenue of Rs15 million and this year’s they expect more revenue which will be utilized on the construction of new building in Clifton.

He further said that 15th My Karachi exhibition will also be featuring numerous recreational facilities including kids play area, birds and pet show whereas the outer area of the Expo center, where Food Court is established, will be designed in a unique manner for the entertainment of visitors.

Siraj Teli appreciated the efforts being made by Chairman Special Committee for My Karachi Muhammad Idrees who has been taking new initiatives every year to make this exhibition more attractive for the visiting families. “We ensure equivalent trade and recreational facilities at My Karachi Exhibition where products are offered to the visitors at factory rates”, he added.

He also acknowledged the overwhelming support extended by all three tiers of the government including Federal, Provincial and Local Governments along with the support by Trade Development Authority of Pakistan and Law Enforcing Agencies particularly Pakistan Rangers Sindh and Sindh Police.

He further commented that Karachi was spread on a massive land of 3,600 square kilometres and holds a population of more than 22.25 million so in such a situation, making it a huge city which was bigger than 80 countries around the world. The city inhabits all types of people and is the financial and industrial hub of the country.

“No matter if any one accepts or not, I always say that Karachi is Pakistan which contributes more than 65 to 70 percent revenue to the national exchequer and we run the entire country yet this city continues to suffer injustices from the politicians and bureaucrats who are responsible for creating all the problems for Karachi. Despite so many odds, Karachi performs very well because of the contribution being made by business and industrial community who are not only generating revenue for the national exchequer to run the entire country but also generously contributing towards massive philanthropic activities in the health, education and other sectors”, Siraj Teli added.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

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KCCI’s delegation to depart for Mauritius on February 26

Karachi, February 19, 2018 (PPI-OT): In response to the invitation extended by the Mauritian President Dr. Ameenah Gurib-Fakim, a high-level trade delegation from the Karachi Chamber of Commerce and Industry (KCCI) will be departing for Mauritius on February 26, 2018 to not only explore Trade and Investment opportunities between the two countries and the neighbouring countries of Mauritius but also seek ways and means of how to effectively penetrate into the huge African Market via Mauritius.

KCCI’s delegation, being led by its Vice President M. Rehan Hanif, will hold numerous meetings including meetings with the Mauritian President, Office Bearers of Mauritian Chamber of Commerce, representatives of Greenwich University in Mauritius, Pakistan’s High Commission and other important meetings with the Mauritian business and industrial community.

Vice President KCCI Rehan Hanif, while commenting on the forthcoming visit of KCCI’s delegation to Mauritius, said that the first and foremost purpose is enhance the existing meagre trade volume between the two countries and review the feasibility of routing Pakistani goods to African countries via Mauritius.

Besides having formal meetings with Mauritian counterparts, KCCI delegation also intends to hold informal interactions with Pakistanis living in this beautiful island, he added. He was fairly optimistic that the visit of KCCI’s delegation to Mauritius would bring the business communities of the two countries more closer to each other and pave way for enhanced trade and investment relations between the two countries.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

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Diplomats for improving Pakistan’s perception to attract foreign investment

Karachi, February 13, 2018 (PPI-OT): Karachi-based diplomats have underscored the need to improve the perception about Pakistan in order to attract maximum number of foreign investors who will certainly be interested in massive investment opportunities available in Pakistan, particularly Karachi.

Exchanging views at a Breakfast Meeting hosted by Karachi Chamber in a local hotel, they added that Foreign Investors from their respective countries were keen to explore investment opportunities in Pakistan but the negative perception, excessive paper-work and red-tapism were hindering FDI in the country. They also advised the business and industrial community of Karachi to focus on diversifying their exports as staying confined mostly to textile exports would not yield the desired results.

Senior Commercial Officer of United States Steve Knode, Consul General of Switzerland Philippe Crevoisier, Consul General of Turkey Tolga Ucak, Vice Consul of Consulate General of Germany Ingolf Vogel, Commercial Attaché of Turkish Consulate Murat Mustu, President KCCI Muffasar Atta Malik, Senior Vice President Abdul Basit Abdul Razzak, Vice President Rehan Hanif, Chairman of Diplomatic Missions and Embassies Liaison Sub-Committee Sohail Amin, Chairman Special Committee for My Karachi Exhibition Muhammad Idrees, Former Presidents Haroon Agar and Iftikhar Vohra along with Managing Committee members attended the breakfast meeting.

Senior Commercial Officer of United States Steve Knode, while commenting on strong trade ties between Pakistan and United States, said that the trade ties between the two countries have been improving and today, the trade volume stands at all-time high. “I have seen lot of positive things and I will encourage US companies to take benefit of prospective opportunities in Pakistan”, he added.

He informed that the United States has changed its global Travel Alert System in which countries around the world have been placed at different levels keeping in view their security situation. Pakistan was currently at Level 3 whereas some areas in the country were at Level 4 due to security concerns. “Level 1 means that the country or area is completely safe to travel”, he explained and hoped that Pakistan’s current level improves further in the US Travel Alert System.

Knode also extended full support and cooperation to KCCI’s delegation visit to United States this year by facilitating B2B meetings and other meetings with the officials at Department of Commerce and Pakistan Chamber of Commerce USA. He also invited Karachi Chamber to participate in Select USA Investment Summit that is scheduled to be held in the US from 20th June to 22nd, 2018 which would help them in exploring investment opportunities in United States and provide a good platform to explore new business opportunities by interacting with global participants.

Consul General of Switzerland Philippe Crevoisier advised KCCI to hold maximum interaction with their counterparts in Switzerland in order to improve the existing trade and investment ties between the two countries. Although potential exists but efforts must be made to improve the perception and image of Pakistan so that the potential could be transformed into a success story, he added. Consul General of Turkey Tolga Ucak said that the business communities of Pakistan and Turkey must seek ways and means of enhancing trade and investment cooperation.

It is time to shift focus from enhancing trade only to encouraging investments as well in both the countries through joint ventures, he added. Vice Consul of Consulate General of Germany Vogel Ingolf, in his remarks, pointed out that Germany holds many trade and investment exhibitions throughout the year hence, the business and industrial community of Karachi Chamber should attend these exhibitions which would surely bring the business communities more close to each other.

In his remarks, President KCCI Muffasar Atta Malik, while referring to Pakistan’s existing trade ties with US, Germany, Switzerland and Turkey, stressed the need to exchange more trade delegations between the two countries in order to further improve the existing trade relations.

In this regard, the Karachi Chamber plans to send its delegations to United States and European Union countries in the second half of current calendar year to look for more trade and investment opportunities, he informed while requesting the Diplomats to facilitate KCCI delegation’s visit by arranging maximum number of B2B meetings with the Business and Industrial Communities in their respective countries.

He informed the Diplomats that Karachi, which is the economic hub of Pakistan, offers profitable investment opportunities and added facilities for investment and joint ventures to Foreign Investors. Referring to two Special Economic Zones being established on priority in Karachi under CPEC project, he stressed the foreign investors should take interest in these economic zones where they can enjoy tax holiday for up to 10 years which is phenomenal, along with many other benefits, particularly the One-Window Operation Facility.

“CPEC is a game changer project which will lead to improved regional economic integration and transform Pakistan into a Central and South Asian economic hub”, Muffasar Malik said, “Foreign investors have started showing keen interest in Pakistan and I am confident that CPEC will bring in a paradigm shift in the business and industrial scenario of the entire region, hence foreign investors must also take advantage of the situation by either investing or undertaking joint ventures in CPEC-related projects.”

He also invited foreign companies to participate in 15th My Karachi – Oasis of Harmony exhibition scheduled to be organized at Karachi Expo Center from 20th to 22nd April 2018 which would provide an excellent opportunity to foreign businessmen and industrialists to showcase their products and create strong linkages with the business community of Karachi by holding B2B meetings in a cordial atmosphere. “As My Karachi Exhibition has successfully attained its prime objective of promoting the positive image of Karachi, this year the thrust would be less on the image-building and more on promoting trade and investment opportunities in the city”, he added.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

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Sindh High Court suspends impugned judgment of Chairman ETPB Siddique ul Farooq against KCCI

Karachi, January 12, 2018 (PPI-OT):The Honourable Sindh High Court (SHC) has suspended the impugned judgment passed by Chairman Evacuee Trust Property Board (ETPB), Siddique ul Farooq in Constitution Petition No. D-202 of 2018 filed by KCCI against ETPB’s judgment issued on 25.11.2017 in which it was held that KCCI Building is an Evacuee Trust Property.

While suspending the judgment passed by Chairman ETPB, the Honourable High Court has passed orders for issuance of notices to all Respondents including tenants who were joined as party by Chairman ETPB for next date of hearing which has been fixed for January 23, 2018.

Meanwhile, Chairman Businessmen Group and Former President Karachi Chamber Siraj Kassam Teli and President KCCI Muffasar Atta Malik, while expressing satisfaction over the abovementioned SHC’s order, said that a false and bogus Reference about the ownership of KCCI’s Building was filed by the Deputy Administrator ETPB in connivance with tenants which was heard by Chairman ETPB, who grossly misused the powers, continued to favour the illegal occupants during case proceedings being the members of same political party, PML-N, and issued ETPB’s judgment against KCCI, which was immediately challenged at the Honourable High Court of Sindh.

They said that some of the offices, which are Karachi Chamber’s property, remain illegally occupied since many decades. These illegal occupants have expanded from just two to three rooms to 12, 15 and even 17 rooms by illegally carrying out deals with those individuals who vacated their offices during the last 40 years. Hence, the Karachi Chamber decided to initiate legal action against the illegal occupancy and numerous cases were currently being heard at the court whereas some of them have been decided in favour of KCCI, they added.

They said that the building belongs to KCCI members and the members of Managing Committee and Office Bearers, the elected representatives of Businessmen Group/ Business and Industrial Community, who are the custodians of this property and they will fight for it till the last resort.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

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Pakistan-Iran trade improving, 31 pc rise witnessed last year: Honardoost

Karachi, December 08, 2017 (PPI-OT):The Ambassador of Islamic Republic of Iran Mehdi Honardoost has said that lack of information and know-how about the capabilities of Iran and Pakistan amongst the business communities of the two neighbouring Islamic countries was hindering trade but the situation has been improving as Pakistan-Iran trade volume improved by 31 percent last year.

“Business communities of both countries are totally unaware of each other’s capabilities and opportunities therefore, we have to focus on exchanging information, trade delegations and other promotional activities between the two countries, besides improving ties of Karachi Chamber with its peer Chamber in Iran”, he added while speaking at a meeting during his visit to the Karachi Chamber of Commerce and Industry.

Iranian Consul General in Karachi Ahmad Mohammadi, President KCCI Muffasar Atta Malik, Senior Vice President Abdul Basit Abdul Razzak, Vice President Rehan Hanif, Former President Majyd Aziz and KCCI Managing Committee members attended the meeting. Iranian Ambassador said that both countries have so many commonalities and similarities which simply cannot be found between any other countries of the entire region.

He stated that there was a huge potential of cooperation between the two powers of the region with good neighbourly ties and whole history of friendship and fraternity. He was of the view that the regional problems like terrorism, human trafficking and narcotics trafficking should be solved by the regional countries, which have common perception, common interests and common concerns.

Mehdi Honardoost said that Iran was keen to develop its ties with Pakistan by focusing on enhancing trade which continues to grow each year, exporting electricity to Pakistan, implementing Iran-Pakistan Gas Pipeline, signing of Free Trade Agreement and commencement of banking transactions between the two brotherly countries. “Your rivals are much faster and active than you so you also have to take steps accordingly. You have to grab some more portion of the Iranian Market which has a lot of potential for Pakistani goods and services. We are also ready to share almost everything with our Pakistani brothers and sisters”, he added.

He said that Iran was particularly interested in some of the giant projects with Pakistan including the IP Gas Pipeline Project, Signing of FTA, and Commencement of Banking Operations between the two countries. “IP Gas Pipeline project can completely change the face of Pakistan’s economy as the cheaper gas being supplied under this project can be used as raw material by industries which would create a lot of job opportunities whereas it can also be used for cheaper power generation”, he said, adding that delays in FTA and commencement of banking transactions are impediments to enhanced trade and businesses between the two countries.

Referring to high-level meetings between the political leaders of the two neighbouring Islamic States and visits of delegations, the Ambassador said that increase in exchange of delegations indicate that the horizon for enhanced trade ties is ‘bright and clear’. Honardoost opined that China-Pakistan Economic Project (CPEC) was a multi-functional project which can bring peace and prosperity in the region as all countries of this region will become part of this project.

Speaking on the occasion, President KCCI Muffasar Atta Malik informed the Iranian Ambassador that Karachi, which is the economic hub of Pakistan, offers profitable opportunities and added facilities for investment and joint ventures to investors from Iran. He was of the view that relations between Pakistan and Iran have improved significantly giving way to further enhancement of bilateral trade.

He said that Iran’s decision regarding opening its commercial bank in Pakistan and the availability of L/C facility with it, are important steps towards enhancing economic relations. “The bilateral trade relations between Pakistan and Iran are healthy and based on trade of several commodities. However, collective efforts are needed from both sides to improve the existing trade volume between the two countries”, he added.

He said that negotiations on FTA between Pakistan and Iran are underway as both countries have expressed their willingness to upgrade Preferential Trade Agreement (PTA) into Free Trade Agreement (FTA) for which initial drafts have already been shared. With Iran agreeing on the initial draft sent by Pakistan, both countries have decided to enhance bilateral trade upto $5 billion through the FTA which currently stands at around $150 million.

Muffasar Malik noted that in order to facilitate trade with Iran, Pakistan’s State Bank of Pakistan (SBP) has also shared draft of Memorandum of Understanding (MoU) for signing its Banking Paying Arrangement (BPA) with Iranian Bank Markazi Jomhouri. Furthermore, Pak-Iran currency swap agreement is another important option for enhancing bilateral trade. In this regard, both countries have already signed MoU through which channels would be opened in the central banks of both countries for trade transactions that would reduce the usage of dollar account for Letter of Credit (LC) clearance.

He was confident that all these decisions when fully implemented would certainly pave the way for enhanced trade between the two countries. The major bottlenecks in the expansion of Pak Iran trade are frequent changes in import regime of Iran, high import tariffs applied on exportable items from Pakistan, and indirect trade via Dubai which require attention, he opined.

As far as potential to enhance Pak-Iran bilateral trade relations are concerned, he said that opportunities are available in Iranian sectors of dairy, livestock, meat and beverages for Pakistani traders and investors. Pakistan can also take benefit of Iran’s petrochemical sector. Infrastructural constraints should be sorted out to enhance bilateral trade via Quetta-Taftan land route whereas regular operation of “ECO container train” would lend impetus to cargo and transit facilities between the two countries. Furthermore, commencement of special direct flights from Quetta and Gilgit to Mashhad is also a potential avenue for enhancing trade, he added.

For more information, contact:
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

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