NOV DEC 2018

TRADE CHRONICLE
APTMA elects new central Chairman
Syed Ali Ahsan, chief executive of
Ashiana Cotton Products Limited, has
been elected unopposed as central
chairman of the All Pakistan Textile
Mills Association (Aptma). Aptma, in a
notice issued recently announced the
results, which were earlier withheld
due to the order of the Peshawar High Court in a
petition dated September 19, 2018. Now the court
has dismissed the petition due to jurisdictional
maintainability.
Ahsan has also served as chairman, APTMA Punjab
in the past. Meanwhile, both Naveed Gulzar from
Crescent Cotton Mills Ltd and Asif Inam from
Diamond International Corporation Ltd have been
elected as central vice chairmen respectively, the
notification added.
Mehanti sworn in as
new Sindh Chief for JI
Former MNA Muhammad
Hussain Mehanti was sworn in
as the new Emir (Chief) of the
Jamaat-e-Islami (JI) in Sindh
recently.
Previously, Mehanti served as
the vice provincial chief and
Karachi chief. Besides, he was
also elected an MNA of the party
from the Muttahida Majlis-e-
Amal platform in General
Election 2002. He was also
awarded a ticket to contest
General Election 2018 for an NA
seat but could not succeed.
According to a statement
issued by the party, Mehanti
joined the JI in 1973. Earlier, he
had been associated with the
p a r t y ’ s
s t u d e n t
w i n g
I s l a m i
J a m i a t
T a l a b a
s i n c e
1 9 6 5 .
Belonging
t o t h e
M e m o n
communit
y in the city, he by profession is a
chartered accountant and runs
an auditing and consultancy
firm.
Engro Foods inks MoU with IFC
for dairy market development
Engro Foods Limited, core purpose
is to provide better nutrition to
Pakistan, a good living to farmers,
now and for generations to come. In
lieu of the same spirit, EFL joined
hands with the International
Finance Corporation (IFC), a
member of the prestigious World
Bank (WB). The
t w o c o r p o r a t e
giants signed a
Memorandum of
U n d e r s t a n d i n g
(MoU) for Dairy
M a r k e t
D e v e l o p m e n t
project in Pakistan
earlier this month at
the Engro Foods
L i m i t e d H e a d
Office in Karachi.
T h e M o U w a s
s i g n e d b y A l i
A h m e d K h a n
Managing Director, EFL and by
Tania Lozansky, Senior Manager
Advisory Manufacturing Agri
business & Services, IFC.
T h e f o c a l p u r p o s e o f t h e
memorandum was to initiate joint
efforts to unlock the potential and
strengthen the development of
Pakistan's dairy industry. Both the
organization will work together to
promote sustainable living for
farmers and reduce poverty by
e n a b l i n g d a i r y f a r m e r
empowerment. The MoU promises
to facilitate the farmer and other
stakeholder access to knowledge,
technology and financing and to
empower women along dairy value
chains. Speaking at the occasion Ali
Ahmed Khan, Managing Director
Engro Foods Limited said, "Engro
Foods purpose to provide better
nutrition to Pakistan and a good
living to our farmers remains the
core of every initiative we
undertake. We work with 250,000+
d a i r y f a r m e r s a n d h a v e
disseminated over 1 million
trainings on best dairy farming
practices. Our farmers have
received Rs. 51 billion as direct
incomes from Engro Foods since
2005. We have in the past and we
will continue to play our role in
c r e a t i n g a
c o m p l e t e e c o
system to facilitate
sustainable living
for farmers through
o u r d a i r y
d e v e l o p m e n t
p r o g r a m s . T h e
signing of this
agreement with IFC
s h o w s o u r
c o m m i t m e n t t o
s t r e n g t h e n t h e
dairy sector of
Pakistan."
On behalf of IFC, Tania Lozansky,
Senior Manager for Manufacturing,
Agribusiness and Services, said
"Dairy is a priority sector for IFC's
investment and advisory services
globally as it has a significant
positive impact on nutrition.
TRADE CHRONICLE - Nov.~ Dec. 2018 - Page # 23