25.04.2022 Views

Trade Chronicle Mar-Apr 2022

EDITORIAL • PM Shehbaz challenges on economic and political fronts • Pakistan to fine-tune petroleum policy to attract E&P investment • Falling FDI is a matter of concern ARTICLE & FEATURE • Shehbaz becomes 23rd PM of Pakistan • 33 MPs take oath as cabinet members - By Ayaz Akbar Yousafzai • Five 'band-aids' the new government must immediately apply to revive the bleeding economy - By Sajid Amin Javed • Potentials of the IT industry in Pakistan - By Dr. Muhammad Nawaz Iqbal • Package for IT sector in Pakistan • PIEDMC to promote industrialization in Punjab PAKISTAN CEMENT INDUSTRY • Pakistan cement dispatches fall in February and 8MFY22 • Lucky Cement plans a 34 MW captive solar power project in KPK • Cement prices surge to Rs850 • Maple Leaf Cement to become the 4th largest player in Pakistan • Pakistan's cement/clinker exports observe a mixed trend in 8MFY22 • Flying Cement gets a long-term mining lease PORTS, SHIPPING & RAILWAY • Work on $5bn Pak-Afghan-Uzbek railway kicks off • PICT posts record revenue of Rs 11,099 million • KPT organises seminar on ‘Marine Salvage’ • Gwadar Port to be utilised for Afghan transit trade • KPT conducts security drill at harbour • Pakistani freight train likely to reach Zahedan • PNSC Group has managed to achieve an 18% increase in PAT • PIBTL has released a financial report for the period ended Dec 31, 2021 Special Report 23rd March Pakistan day • President Dr Arif Alvi message on Pakistan Day • Pakistan showcases military prowess at the parade PAKISTAN LEATHER INDUSTRY • Consul General of Pakistan in UAE inaugurated Pakistan Pavilion in APLF 22 • India leather records growth of 33.45% in 10MFY22 • Sri Lanka leather export falls • UAE to provide duty-free facilities for leather • High energy and an optimistic mood pervaded APLF’s special edition in Dubai • Bangladesh leather industry exports increase in 8MFY22 REGULAR FEATURES • Automobile News, Banking & Insurance News, People Events, • Telecommunication News, Travel World, Steel & Allied Industry

EDITORIAL

• PM Shehbaz challenges on economic and political fronts
• Pakistan to fine-tune petroleum policy to attract E&P investment
• Falling FDI is a matter of concern

ARTICLE & FEATURE

• Shehbaz becomes 23rd PM of Pakistan
• 33 MPs take oath as cabinet members - By Ayaz Akbar Yousafzai
• Five 'band-aids' the new government must immediately apply to revive the
bleeding economy - By Sajid Amin Javed
• Potentials of the IT industry in Pakistan - By Dr. Muhammad Nawaz Iqbal
• Package for IT sector in Pakistan
• PIEDMC to promote industrialization in Punjab

PAKISTAN CEMENT INDUSTRY
• Pakistan cement dispatches fall in February and 8MFY22
• Lucky Cement plans a 34 MW captive solar power project in KPK
• Cement prices surge to Rs850
• Maple Leaf Cement to become the 4th largest player in Pakistan
• Pakistan's cement/clinker exports observe a mixed trend in 8MFY22
• Flying Cement gets a long-term mining lease

PORTS, SHIPPING & RAILWAY
• Work on $5bn Pak-Afghan-Uzbek railway kicks off
• PICT posts record revenue of Rs 11,099 million
• KPT organises seminar on ‘Marine Salvage’
• Gwadar Port to be utilised for Afghan transit trade
• KPT conducts security drill at harbour
• Pakistani freight train likely to reach Zahedan
• PNSC Group has managed to achieve an 18% increase in PAT
• PIBTL has released a financial report for the period ended Dec 31, 2021

Special Report
23rd March Pakistan day
• President Dr Arif Alvi message on Pakistan Day
• Pakistan showcases military prowess at the parade

PAKISTAN LEATHER INDUSTRY
• Consul General of Pakistan in UAE inaugurated Pakistan Pavilion in APLF 22
• India leather records growth of 33.45% in 10MFY22
• Sri Lanka leather export falls
• UAE to provide duty-free facilities for leather
• High energy and an optimistic mood pervaded APLF’s special edition in Dubai
• Bangladesh leather industry exports increase in 8MFY22

REGULAR FEATURES
• Automobile News, Banking & Insurance News, People Events,
• Telecommunication News, Travel World, Steel & Allied Industry

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TRADE CHRONICLE

KPT organises seminar

on ‘Marine Salvage’

Karachi Port Trust (KPT) organized a

seminar on Marine Salvage covering

legal, operational, safety and

environment aspects at KPT Staff

College, Lalazar, Karachi.

Chairman KPT Nadir Mumtaz Warraich

while speaking on the occasion

highlighted the importance of marine

salvage and said that although

resources are scarce but we as maritime

stakeholders must collectively make

ourselves self sufficient. He said

Gwadar Port to be utilised

for Afghan transit trade

The Pak-Afghan Chamber of

Commerce & Industry (PACCI) and

Gwadar Chamber of Commerce &

Industry (GCCI) agreed to utilise

Gwadar Port for Afghan transit trade.

The chambers also agreed to take

measures for boosting bilateral trade.

A delegation of PACCI and Karachi

business community led by the

chamber’s president President Javed

Barwani and Zubair Motiwala visited

Gwadar. GCCI President Nagman

Abdul and former president of the

chamber Naveed Kalmati were also

present in the meeting.

that it is equally the duty of ports

and stakeholders to get equipped

with sophisticated and ultramodern

gadgets to enable ourselves to handle

all kind of emergency situations.

Chairman KPT appreciated the

support provided by stakeholders in

organizing the seminar which will

eventually bring fruitful results. He said

shipping though contributes to global

prosperity but disasters like grounding,

collision and sinking of vessels impacts

adversely on port business as well on

marine environment.

Earlier KPT General Manager

Operations, Rear Admiral Zubair

Shafique, in his keynote welcome

address termed the seminar as an

excellent opportunity to understand

the severity of such disasters and

their costs. He said that marine

salvage team is an integral part

of sustainable operations which

needs to be established. Perhaps it

is a challenge that we all face today,

he added.

In a meeting held at the office of

Gwadar Development Authority

(GDA), Captain Gul of Gwadar Port

Authority and GDA’s Abdul Razaq

Baloch briefed the delegates about

the utilisation of Gwadar Port and the

China Pakistan Economic Corridor

(CPEC). The business leaders expressed

their interest in promoting trade via

Gwadar Port.

The meeting agreed that in the coming

days PACCI, importers and exporters

from the two countries and Afghan

transit trade would utilise Gwadar Port.

It was decided that steps in this regard

would be taken in consultation with the

concerned authorities so that Gwadar

Port becomes a trade and economic

hub between Pakistan and

Afghanistan.

It was observed that mega

development projects initiated

under CPEC would ensure

Gwadar’s place as the future

economic hub of Pakistan.

In April 2020, as the Covid-19

pandemic spread, Pakistan

had allowed import of bulk

shipments of food items

through Gwadar port for

transit to Afghanistan to help

Kabul maintain food supply.

18

Mar - Apr - 2022

KPT conducts security

drill at harbour

The Port Security Force (PSF) of the

Karachi Port Trust (KPT) conducted

amphibious security drills in the

harbour recently.

According to a press release shared by

the KPT, boats, tugboats and pilot boats

were deployed with PSF personnel on

board to handle any attempt to block

the channel. Recently inducted female

PSF personnel were also part of this

exercise.

Water cannon and splicing of ropes

manoeuvres were also carried out.

PSF and technical personnel manning

the crafts synchronised their response

mechanisms. The KPT said that the

PSF remained vigilant round the clock

to protect the port and its assets.

Pakistani freight train

likely to reach Zahedan

Under tight security provided by the

Pakistan Railways (PR) police, the 10th

Pak-Iran international goods train

carrying a huge quantity of sulfur, salt,

rice and other items has moved from

Peshawar for Zahedan (Iran), making

the freight train operations successful.

Prior to this, nine trains have

successfully completed their trips

from Pakistan to Iran during the last

two months, according to the official

sources.

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