Trade Chronicle May June 2017

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TRADE CHRONICLE Belgium, Malaysia, Spain, Taiwan, Thailand, Sweden, Netherlands, Turkey and Saudi Arabia have participated in the exhibition . The Minister said that due to increasing power generation, there would be no power outages in the country after November, 2017. “More than 10,000 megawatt power will be added to the national grid next year and then Pakistan will be outage-free country after November 2017,” he said. The Minster said the import of LNG would also help the country to overcome energy shortage issue. He said Pakistan would be the second largest LNG importing country in next three years with total import of 20 million tons. He ruled out any wrongdoing in the agreements of China-Pakistan Economic Corridor (CPEC) project, saying that all the rumours in this Special Message Mr. Aamer Khanzada Managing Director Pegasus Consultancy (Pvt.) Ltd. It gives me great pleasures and honor to welcome all our exhibitors, visitors and distinguished guests to the 15th Edition of the International Energy Exhibition, POGEE - the largest international energy exhibition of the region. This year, we have showcased POGEE in business capital Karachi, where much of the country’s economic, manufacturing, services and other value additional take palace and which also enjoys the privilege as port city of the country. As the annual leading event of this country’s enegry industry, POGEE 2017 has attracted over 270 exhibitors from 30 countries and regions around the world with a magnificent regards were uncalled for and contained no truth. He said CPEC agreement is transparent and has no grey areas. “Government is trying to maintain the petroleum prices, whenever they go higher and it is the top priority that the impact of soaring oil prices, should not be passed on to the consumers,” he said, adding that Pakistan is a country that imports oil and gas and bear a big cost on account of energy. Abbasi said Pakistan is now the second largest consumer of furnace oil, as its usage is being discouraged elsewhere in the world, due to the environmental issues. He said that in Pakistan, the emphasis on alternative energy is being given and solar energy sector is encouraged by declaring its import zero-rated. He said every country supports the solar energy and our government is also encouraging solar power. The chairman, Pegasus Consultancy, Aasim Siddiqui also spoke on the occasion. He said that the efforts by the exhibiting space of more than 1700 sqm. , and earned wide regard as the largest enegry exhibition in the region. After 15 y e a r s o f d e v e l o p m e n t , POGEE has become a highly recognized annual energy event in the industry. We appreciate all the support from domestic and overseas organizations. Energy is the lifeline of an economy and vital input to sustain industrial, commercial and domestic activities. Realziaing the imporatance of energy, our power sector to overcome its challenges. The government has also introudced investors’ friendly policies in the industry. The development of indigenous energy resourses, such as coal, hydro, alternative and renewable soucres, is critical for sustainable ecnomic growth, as envisaged in the Vision of present government for elimination of the menace of load-shedding are laudable. He said that many power plants are coming up and it is hoped that the nation would get rid of loadshedding by early 2018. He said his organization would continue its efforts in promoting the energy sector and bringing the latest machinery, technology and expertise in the country through POGEE. Managing Director, Pegasus, Aamer Khanzada said that Pegasus has given a new dimension and reform to the event organizing industry and Pegasus has revitalized opportunities for manufacturers and their related technology stakeholders, who have benefitted from the trade and investment channels operating in our vast and diversified business environment. He praised the government’s efforts for working on TAPI (Turkmenistan-Pakistan- Afghanistan-India) gas pipeline that is expected to be completed by 2019. He also lauded the FDI (foreign direct investment) to the tune of $1.2 billion Pakistan 2025. Pakistan is continuing its march from being frontier econmy to becoming an emerging market as it is eyeing 5.2 % GDP growth rate in 2017. The growth in econmy is evident and primarily inculcates investment soarign in enegry sector. Paksitan has successfully attracted foreign intersest in terms of $93 million (FDI) in the Oil % Gas exploration sector in current fiscal year. The promising futur of Pakistan does not limit itself just there and it takes real pride to share with you that, this year, the second highest foreign investment in the country was made in power sector expanding to $245.3 million during last fiscal year. We believe POGEE will serve as a great platform for you to understand the industry, meet with business partners, imporve onsite cooperation and explore market opprtuinites. finally, I wish all of you a successful trade fair. TRADE CHRONICLE - May.~Jun. 2017 - Page # 14
TRADE CHRONICLE POGEE 2017: Conference The exhibition has featured a highly-focused conference program that was aimed at bringing South Asia's energy industry into the limelight. The POGEE conference offered an excellent platform for exchange of views and information to the highly-targeted audience from oil, gas and energy industry. The International Conference was based on the theme 'paving ways to fulfill energy demands and supply.' The daylong conference was consist of two exclusive sessions on integration into energy system and the second session on future of coal & renewable energy resources in Pakistan. Eminent speakers from both local and international organizations and a s s o c i a t i o n s s u c h a s Schneider Electric, UAE, Solar Sigma Ltd (SSL) & S o l a r S i g m a G r o u p International, Malaysia, S i e m e n s P a k i s t a n Engineering Company Ltd, Oil And Gas Regulatory A u t h o r i t y ( O G R A ) , P a k i s t a n C o u n c i l o f R e n e w a b l e E n e r g y Technologies (PCRET), Energy Department, Government of S i n d h , P r i v a t e P o w e r a n d Infrastructure Board (PPIB), Centre for Coal Technologies, University of Punjab took part. The POGEE-2017 proved to be an ideal platform to display the latest technology, equipment and machinery as well as allied services, while providing investors with a definite outlook of the regional energy industry and an opportunity t o m e e t t h e i r p r o s p e c t i v e counterparts and business partners. The hosts of this recognized p l a t f o r m a n t i c i p a t e t h a t participation of each individual will benefit them and bring success in their businesses and enable the country to move a step forward towards its economic growth. Jang Group, Pegasus sign MoU for exhibition in September A memorandum of understanding (MoU) was signed between the Jang Group and the Pegasus Consultancy (Pvt) Ltd., whereby the Jang Group will be the media partners of Pegasus for an event, an exhibition to be held from September 8 to 10, 2017, at the Expo Centre, in Karachi. The exhibition will feature electrical, electronic and consumer brands, plus household products on a single platform. Aamer Khanzada, managing director, Pegasus Consultancy (Pvt) Ltd., signed the MoU on behalf of his organisation, while Sarmad Ali of the Jang Group signed it on behalf of the media group. M/S Pegasus are among the leading event managing companies. They were the ones that organised one of Aamer Khanzada, Managing Director, Pegasus Consultancy (Pvt) Ltd, and Sarmad Ali of the Jang Group sign the MoU. the biggest exhibitions of the country, Ideas 2000, an expo featuring Pakistan-manufactured defence equipment. The accord was signed in the presence of Aasim Siddiqui, chairman, Pegasus Consultancy; Uzma Rizvi of the Jang Group and Danish Alvi, senior manager, Media & Communication, Pegasus. Talking to media, Alvi said Pakistan, with a population of 200 million, was the sixth largest consumer base in the world, with an 80 percent of its household consumption of its GDP. An increasing literacy rate and the vertical move of the poor into the m i d d l e c l a s s h a v e g i v e n consumerism a fillip and Pakistan m a k e s i d e a l g r o u n d f o r revolutionising modern living. there will be many side attractions at the event, like lucky draws, free return tickets, cash prizes, instant gift coupons, discount coupons, children’s fun area, food stalls and bumper prizes. The MoU signing took place at the offices of The News. TRADE CHRONICLE - May.~Jun. 2017 - Page # 15
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Trade Chronicle May June 2017

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