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Chief Minister Gilgit-Baltistan Invites Private Sector To Contribute For The Prosperity of Province

Chief Minister Gilgit-Baltistan Invites Private Sector To Contribute For The Prosperity of Province

Shahid | category: Business

Chief Minister Gilgit-Baltistan Invites Private Sector To Contribute For The Prosperity of Province. Chief Minister Gilgit-Baltistan Hafiz Hafeez-ur-Rehman has invited the private sector to join hands with the government of Gilgit-Baltistan and start flight operation for this area.

While talking to the LCCI President Malik Tahir Javaid, Senior Vice President Khawaja Kharar Rashid and Vice President Zeshan Khalil, Chief Minister Gilgit-Baltistan, he said that Gilgit-Baltistan is abundant with huge opportunities in tourism, energy and infrastructure sectors. He said that PIA operation for Gilgit-Baltistan is not enough to cater to the needs therefore private sector should come forward and avail this opportunity. Former LCCI President Mian Shafqat Ali also spoke on the occasion.

He said that China Pakistan Economic Corridor (CPEC) has generated lucrative investment opportunities that must be availed by the local investors. Under this project industrial and economic zones are being established which will create ample employment opportunities for the people of this area.

On the energy sector, CM GB said that Gilgit-Baltistan is not linked with the national grid which is the major hurdle of taping the power generation potential. He said that GIZ and WAPDA have identified the potential of 40,900 MW through feasibility reports. He said that establishment of first grid in Gilgit-Baltistan is at tender stage. He said that no serious work had been done in past for Diamir Bhasha Dam but now situation is quite different. He said that land acquisition for Diamir Bhasha has been completed through transparent way. All record in this regard is available in this regard and a huge amount of Rs. 12 billion is saved through transparency. He said that Diamir Basha, Bujni and Dasu would generate 4500 MW, 7500 MW and 5000 MW of cheap and environment friendly electricity of respectively that would reduce the oil import bill.

CM GB said that Chief Minister Punjab Shahbaz Sharif extended laudable help to the government Gilgit-Baltistan in health and education sector. “People of Gilgit-Baltistan are thankful to the taxpayers of Punjab for helping generously”, he concluded.

While talking about the tourism potential, he said that Gilgit-Baltistan is the most wonderful area of the country and has lot of attractions for the tourists. He said that various measures are being taken to tap the vast potential of tourism in Gilgit-Baltistan and focusing this sector for higher economic gain. He said that number of tourists is increasing that is a good sign. He said that apart from tourism, mining, food preservation, the area has a very huge potential for cement and herbal sectors, therefore, the business community should come forward to explore these opportunities that offer a huge dividend.

The LCCI President Malik Tahir Javaid said that the region of Gilgit-Baltistan has immense importance in geo-economic and geo-strategic terms. Geographically, Gilgit-Baltistan shares borders in the northeast with China, in the extreme north with Wakhan corridor of Afghanistan, in the west with KPK province and in the south and southeast with Azad Kashmir. He said that it is also endowed with vast resources of metallic, non-metallic, energy minerals, precious /dimension stones and different rocks of industrial use. He said that GB is located at the confluence of world great mountain ranges like the Himalaya, Hindukush, Karakoram and Pamir mountain ranges, which are considered the high roof of the world.

The LCCI President said that Gilgit-Baltistan has a bright economic future. CPEC is expected to bring an economic transformation in Gilgit-Baltistan because of infrastructure development, construction and hydropower stations. Some mega development projects have already been started. He said that according to the Government of Pakistan, the province of Gilgit-Baltistan has a hydropower potential of 19,000 MW as the Indus River and its six main tributaries pass through this region. This potential can be harnessed if the Government establishes a regional grid in Gilgit-Baltistan to interlink all the power potential sites. It is due to the absence of the national grid that the NEPRA’s jurisdiction has not been extended to Gilgit-Baltistan.

He said that Gilgit-Baltistan also has tremendous potential in tourism. Beautiful landscape, unique cultural heritage and rich biological diversity give the region a competitive advantage in attracting tourists from all over the world. He strongly recommended the business community of the city to tap the investment opportunities available in Gilgit-Baltistan in the hospitality business. He said owing to its cool, dry climate and availability of water resources, Gilgit-Baltistan has great potential in agriculture. Fruits such as apricots, apples, grapes, pears and pomegranate are widely produced in this region. Dried fruits and nuts are also produced in this region. This region is ideal for growth of temperate fruits and vegetable and has a low insect, disease, and pest population

Malik Tahir Javaid said that the other sectors in which there is a tremendous potential to invest in Gilgit-Baltistan are food and beverages, healthcare, recreation, travel services, skill development, mineral processing units, hydropower IPPs, handicrafts and retail.

He urged the Government of Pakistan to address the constitutional status needs of the Gilgit-Baltistan according to the wishes of the people of Gilgit-Baltistan. They do not have any representation in parliament. It is their demand that they should be declared constitutional citizens of Pakistan and Gilgit-Baltistan be made a full fledge province. The Government should also make sure that the people of Gilgit-Baltistan reap full benefits from CPEC.

The LCCI Senior Vice President Khawaja Khawar Rashid and Vice President Zeshan Khlil called for value addition in precious and semi-precious stone sectors saying that it would give us more foreign exchange. They informed the CM GB that Lahore Chamber of Commerce & Industry is already working on establishment of airline.

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Lahore Chamber To Make its Own Airline In Collaboration With China

Lahore Chamber To Make its Own Airline In Collaboration With China

Sumera Saeed | category: Business

Lahore Chamber To Make its Own Airline In Collaboration With China. Good news is for the business community is that Lahore Chamber to will make new airline in collaboration with China.  In this regard the Chief Meeting of the Lahore Chamber was decided to create board of directors to run the airline.

The meeting Lahore Chamber was attended by the ex-president Abdul Basit,  Senior Vice President Khawaja Khawar Rasheed, Vice President Zeshan Khalil,  other Aerospace specialists including Muhammad Basharat. In the meeting Vice President Zeshan Khalil said that the Lahore Chamber will form the Board of Directors with the mutual consent of the present and former presidents.

The proposed Board of Directors will finalize the matters of making airline. Airline will be made with the help of Tian-e-Jung. To get the civil aviation license Rs. 150 crores will be required while Rs 50 crores bank guarantee will also be required.

Executive committee members of the House Industry and Trade have declared the decision of making airlines as a happy one. Former president Abdul Basit has said that matter will be proceeded after specialists have prepared airlines’ financial and technical report.

For further updates stay tuned with daytimes.pk


SalamAir Launches Direct Services Between Pakistan and Oman

Sumera Saeed | category: News

SalamAir, Oman’s first budget airline, has welcomed Sialkot and Multan to its fast-growing network of destinations. With one-way tickets starting at just 9,900 PKR, the thrice weekly direct service between Muscat and Sialkot began on 16th May while flights to Multan will start on 23rdMay. Karachi is set to join the SalamAir flight schedule in the coming months.

Offering guests added convenience, Gerry’s Group, Pakistan’s largest aviation and travel Services Company, have been appointed as SalamAir’s on ground partner.

Gerry’s Group, Pakistan’s Largest Air travel and Aviation conglomerate since 1964, is associated with the world’s renowned aviation companies as GSA, GSP and GHA. Gerry’s has been running successful operations with over 3000 employees and 100+ offices in Pakistan and abroad. Gerry’s takes immense pride with the trust bestowed upon it by SalamAir; Gerry’s would do its utmost best to ensure SalamAirs prosperity and progress as Gerry’s subscribes to an equally promising ownership of the airline & will continue to invest for mutual prosperity.

“I am confident the increased connectivity provided by SalamAir on these currently under-served routes will strengthen trade relations between Pakistan and Oman,” said Khalid Al Yahmadi, Chairman of SalamAir. “The flights will promote business and leisure travel between Pakistan and Oman, serving in particular the needs of the Sultanate’s vibrant Pakistani expatriate community, currently over 220,000. Additionally, the new services will facilitate travel for Omanis keen to explore the possibilities of Pakistan’s booming economy, particularly the wealth of opportunities presented by the China-Pakistan Economic Corridor. For its part, Pakistan’s business community will be able to capitalize on the Sultanate’s investor friendly regulatory framework and the many lucrative commercial options of Oman’s diversifying economic base, which includes tourism, manufacturing, fisheries, mining and logistics.”

François Bouteiller, SalamAir CEO added:

“It is with great pleasure that SalamAir introduces its innovative approach to travel on these new routes to and from Pakistan. SalamAir offers a welcoming, reliable, affordable and quality service that gives our guests the choice and flexibility to shape their own journey. Adding to the enjoyment of flying with SalamAir is the pleasure of traveling on our fleet of A320s, known for the comfort of their wider cabins and outstanding safety record.”

François went on to say that the Sialkot and Multan routes will also facilitate onward journeys through SalamAir’s regular services to Jeddah and Madinah in Saudi Arabia, to Dubai, and of course to Salalah in the south of Oman.

Redefining the budget airline sector, SalamAir has enjoyed tremendous success since its launch in January of this year. In addition to its existing route network, the airline will be launching seasonal travel options including flights from Muscat to Taif during Ramadan and additional services to Madinah for the duration of the Holy Month. The airline will also increase its flights to Salalah during the popular monsoon season.

Guests are invited to book their flights on SalamAir through the airline’s easy-to-use website: www.salamair.com. All routes offer a choice of three easy fare options: Light, Friendly & Flexi. Always offering value for money, a cost-conscious menu of additional services is available to guests, which includes extra luggage allowance, seat selection, and priority check-in.