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.