A monthly <strong>Magazine</strong> <strong>of</strong> ICCIBUSINESSMagnateto European fruitproduction. This year tillend <strong>of</strong> June, 3.9pc <strong>of</strong> lotshad been rejected. Due tothe volume <strong>of</strong> fruit beingrejected may buyers havesimply stopped buyingfrom Pakistan, fearinglosses? This responsibilityalso goes on the exporters; one must check the product withproper procedure or lab test before lifting the product.Pakistani mangoes are prized for their superior quality andretailers have shown an increasing interest in them. But lastyear, 6.3pc <strong>of</strong> 4,252 lots were rejected by Fera, comparedwith 2.4pc <strong>of</strong> 3,940 lots in 2011.BOI Chairman for attracting financial inflowsChairman Board <strong>of</strong> Investment, Mohammad Zubair hassaid that presently the country desperately needs to attractfinancial inflows to build up the foreign exchange reserves.he emphasized the <strong>of</strong>ficers<strong>of</strong> BoI to work as teamand urged them forproviding speedyfacilitation to foreign aswell as local investors andpromote Foreign DirectInvestment to achieve theobjective <strong>of</strong> economicdevelopment.To achieveFDI target <strong>of</strong> US$ 5.5 billion per annum assuming anaverage annual GDP growth <strong>of</strong> 5 percent, the FDI stockwould account for 20% <strong>of</strong> GDP, which is close to thecurrent global averageUS <strong>of</strong>fer Pakistan help in biogas, wind energysectorThe United States on Tuesday <strong>of</strong>fered Pakistan assistance ingenerating electricity through biogas and wind to overcomethe power crisis. Pakistan needs investment, particularly inthe most-needed energysector, Finance MinisterSenator Mohammad IshaqDar said while addressing ajoint press conferencealong with PresidentOverseas PrivateInvestment Corporation(OPIC), Ms Elizabeth L.Littlefield, who was heading the US delegation in talks withPakistan, said a PID press release.Flour mills demand immediate wheat importsThe government's inability to meet its wheat procurementtarget, wheat shortages and increasing prices have led tourgent calls by the Pakistan Flour Mills Association (PFMA)for the government to allow wheat imports on a prioritybasis.The PFMA chairman on Tuesday,July 16, 2013 said themove is necessary to avert likely wheat and flour crisis in thecountry.The landed cost <strong>of</strong> wheat from India will be22cheaper by Rs400-500 per100 kg than the localwheat. The landed cost <strong>of</strong>Indian wheat is aroundRs2, 900 per 100 kilogramcompared to Rs3, 500 per100 kilogram <strong>of</strong> Pakistaniwheat. He said “Theimport will smoothen outthe supply <strong>of</strong> wheat in the country, while the step will alsobring the price <strong>of</strong> flour lower. This will ultimately helpconsumers to take benefit <strong>of</strong> wheat import,”Work on Neelum-Jhelum be expeditedThe Chinese contractor building mega Neelum-Jhelumhydropower plant has decided to deploy more engineers,technical staff to expeditework on 969MW project.Vice president <strong>of</strong> theChina Gezhouba Group <strong>of</strong>Companies (CGGC) Dengheld talks in Beijing withPakistani side and briefedabout deployment <strong>of</strong>additional Chinesetechnical staff.Theinduction <strong>of</strong> additional workforce will help complete theproject before given timetable,Importers face problems in cargo clearanceThe importers <strong>of</strong> heavy machinery and chemical are facingproblems in clearing their consignments as no collectorcustoms <strong>of</strong> adjudication – I, Karachi, has been assigned bythe Federal Board <strong>of</strong>Revenue (FBR) since thelast 16 days. Importershave requested the FBRchairman to appoint<strong>of</strong>ficers for early clearance<strong>of</strong> their consignments. OnJuly 9, the FBR hadnotified a major reshufflein Inland Revenue Servicesand Pakistan Customs and posted / transferred grade 20and grade 21 <strong>of</strong>ficers. However, no assignment was given an<strong>of</strong>ficer for the position <strong>of</strong> collector adjudication – I.Enforcing discipline in car marketThe federal government isactively evaluating policyoptions to discipline a fewautomakers stated to bemanipulating the carmarket. They are accused<strong>of</strong> using their dominantmarket position to floutnorms <strong>of</strong> fair tradingpractices.Source: Media Scanning
A monthly <strong>Magazine</strong> <strong>of</strong> ICCIBUSINESSMagnateExhibitions/Trade FairsKaz Build, 2013September 3-6, 2013Almaty, Kazakhstanwww.kazbuild.kzAgro Bangladesh 2013September 19- 21 2013Dhaka – Bangladeshwww.agrobangladesh.comth8 Expo PakistanSeptember 26-29, 2013Karachi, Pakistanexpopakistan.gov.pkPakistan International Gems & JeweleryExhibition-2013September 26-29, 2013Karachi, Pakistanwww.pgjdc.orgInfra OmanSeptember 30-October 2, 2013Oman, Muscatwww.alnimrexpo.com.IFSEC Istanbul 2013 Security and Fire Exhibition-2013Istanbul, TurkeySeptember 30– October 02, 2013www.ifsec-istanbul.comPower Generation International, 2013November 12-14, 2013Florida, U.S .Awww.power-gen.comSeminar & ConferencesFinance & Accounting for Non-FinancialExecutivesSeptember 2-4, 2013<strong>Islamabad</strong>, Pakistanwww.pim.com.pkth4 OIC Biz, 2013September 5- 8, 2013Kuala Lumpur, Malaysiawww.oicinternational.bizIAH International Congress16 - 20 September, 2013Perth, Australiaiahcongress2013.orgSustainable Cosmetics SummitSeptember 18-20, 2013Sao Paulo, Brazilwww.sustainablecosmeticssummit.comRenewable Energy and Mining SummitSeptember 25 - 26 , 2013Toronto, Canadawww.renewablesandmining.comWorld Congress for Conductive EducationOctober 09 - 12, 2013Munich, Germanywww.ce-worldcongress2013.orgInternational Oil & Gas ConferenceNovember 19-21, 2013Ashgabat, Turkmenistanwww.oilgasturkmenistan.comUN food agency says 38 countries have met internationaltarget on hunger eradicationThirty-eight countries have already met internationally-set hunger eradication targets set for 2015 to halve the percentage <strong>of</strong>hungry people, (the United Nations food agency). Amid the 1,000 days <strong>of</strong> action for the eight anti-poverty targets known as theMillennium Development Goals (MDGs), 38 countries have met part <strong>of</strong> the first MDG which calls on Member States to halveby 2015 the proportion <strong>of</strong> people who suffer from hunger. Of those, 18 countries also reached the more stringent World FoodSummit Goal <strong>of</strong> reducing by half the absolute number <strong>of</strong> undernourished people between 1990-1992 and 2010-2012. Thesecomprise Armenia, Azerbaijan, Cuba, Djibouti, Georgia, Ghana, Guyana, Kuwait, Kyrgyzstan, Nicaragua, Peru, Saint Vincentand the Grenadines, Samoa, Sao Tome and Principe, Thailand, Turkmenistan, Venezuela and Vietnam. The countries that metthe anti-hunger aspect <strong>of</strong> the first MDG include Algeria; Angola; Bangladesh; Benin; Brazil; Cambodia; Cameroon; Chile;Dominican Republic; Fiji; Honduras; Indonesia; Jordan; Malawi; Maldives; Niger; Nigeria; Panama; Togo; Uruguay. Firstproposed at the UN Conference on Sustainable Development (Rio+20) in Brazil last June, the challenge aims for a futurewhere every individual has adequate nutrition. Urged all countries to keep up the momentum, aiming for the completeeradication <strong>of</strong> hunger. Its five objectives are to make sure that everyone in the world has access to enough nutritious food allyear long; to end childhood stunting; to build sustainable food systems; to double the productivity and income <strong>of</strong> smallholderfarmers, especially women; and to prevent food from being lost or wasted.Source: www.un.org23
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