Tag Archives: Business community

Business Community Stands United with Government and Armed Forces against American Threats

Business Community Stands United with Government and Armed Forces against American Threats


admin | category: Business

Business community stands united with government and armed forces against American threats.The Business community Thursday condemning US President Trump’s tirade against Pakistan expressed complete solidarity with government and valiant armed forces against any external threat and said that US was leveling false allegations on this country after its defeat in Afghanistan.

Talking to media after chairing central core committee meeting of the United Business Group, veteran trade leader and UBG Chief Iftikhar Ali Malik said that entire nation is on one page and no one should dare cast evil eye on Pakistan and our world best armed forces know how to protect the country from any kind of external aggression.

He said that Trumps allegation against Pakistan giving shelter to terrorist outfits was false because Pakistan itself was being attacked by terrorists hiding in the so called Indian consulates in Afghanistan.

He said that Pakistan could not be cowed down by Trump’s threats and the entire nation stood shoulder to shoulder with its armed forces against the US nefarious designs.

He urged the US to “check India’s anti-Pakistan role not only from inside of Afghanistan but also through the enhanced and increased ceasefire violations along the Line of Control and the Working Boundary.

He suggested the US should try and negotiate with the Taliban in Afghanistan instead of using the armed forces. He said it is both disturbing and disappointing to hear a repeat of Pakistan being pressured to do more to stabilize Afghanistan.

“Pakistan and the United States have been close allies in the fight against terrorism, which is a common threat to all nations of the world adding he said as a matter of policy, Pakistan does not allow use of its territory against any country. Instead of relying on the false narrative of safe havens, the US needs to work sincerely with Pakistan to stamp out the menace of terrorism,” he added.

Iftikhar Malik said after years of shouldering the heavy lift in Afghanistan and suffering the blowback of an earlier transformational war thirty years ago, Pakistan should not have had to hear recrimination as a non-NATO ally that has given unparalleled colossal sacrifices in life, resources and national trauma to fighting a joint battle against terrorism on the Afghan border. “There is little mention of the cost Pakistan has incurred or the successes it continues to achieve in clearing terrorism from the region,” he added.

He further said that the Trump-led US administrations should recognize the sacrifices rendering to eradicate terrorism in Pakistan as Pakistan is bearing irrecoverable loss due to its involvement in war on terror.

Iftikhar Ali Malik urged all political parties for setting aside their political differences for the sake of the country and sit down to evolve a joint strategy to tackle US-India diplomatic pressure.

He said the United States also has no choice but to use Pakistani roads to resupply its troops in landlocked Afghanistan.

However, he suggested the United States and Pakistan should expand cooperation on the 2013 Joint Action Plan on Trade and Investment as the United States remains Pakistan’s largest bilateral export market and a significant source of foreign direct investment.

He said the United States is Pakistan’s largest bilateral trading partner. He said it would be in the interest of both the countries to enhance their trade volume which had been hovering around $5 billion for the last five years.

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Business Community Hails UBG Historic Victory in FPCCI Elections

Business Community Hails UBG Historic Victory in FPCCI Elections


Shahid | category: Business

Business Community Hails UBG Historic Victory in FPCCI Elections. Business fraternity across the country Saturday  has felicitated the United Business Group (UBG) for sweeping of all  FPCCI seats with a thumping majority which clearly reflects their confidence in judicious policies being followed by the group leadership.

They said that UBG leaders should now evolve a roadmap for year 2018 and ensure its implementation in true spirit. They said that outgoing FPCCI body under the leadership of UBG had made the federation corruption-free and hoped that new body would follow their footmarks. While felicitating for victory in FPCCI elections for year 2018, they urged UBG leaders to keep core committees on as it would help them to consult and get feedback from top to bottom.

UBG strong candidates made a clean sweep in the annual elections of the federation defeating the all candidates of his rivals groups Pakistan Businessman Panel and Pakistan Business Group fourth time consecutively.

UBG Presidential candidate Ghazanfar Bilour,SVP Syed Mazhar Ali Nasir,VPs Kareem Aziz Malik,Sh Atif Akram,Ch Arfan Yousaf,Shabnum Zafar,Syeda Saeeda Bano,Muhammad Shafeeq Anjum,Ch Javed Iqbal,Zahid Saeed,Tariq Saleem and Waheed Ahmad defeated their rivals.

UBG Central Chairman Iftikahr Ali Malik,patron-in-chief SM Muneer,FPCCI President Zubair Tufail,UBG Sind Chairman Khalid Tawab,UBG provincial chairman Punjab Muhammad Adrees.UBG head of FATA and Islamabad Rauf Alam and other trade leaders thanked the voters and supporters for reposing trust on the UBG prudent policies and they vowed to continue its 30 agenda mainly aimed at the accelerating the pace of economic development besides addressing the problems being confronted by business community across the country.

While talking to media after thumping victory in FPCCI election, UBG Chairman Iftikhar Ali Malik said that the result of election indicates confidence of business community in the UBG policies.He said, “We firmly believe in rule of law, promotion of democratic system and strengthening of national economy by safeguarding the interests of traders.” He said that FPCCI will continue to work with the sole objective to forward solid proposals to the government for economic progress and prosperity. He said that despite unprecedented crisis at national level, all efforts were made to restore the confidence of the business community.

On the occasion, SM Munir hailed the business community for reposing confidence in UBG in the larger interests of the economy of the country. He said the UBG would continue to serve the business community in the larger interest of economy and would urge the government to form business-friendly policies. He said that business community decided to vote for UBG keeping in view the policies of UBG and its efforts against corruption.

Speaking on the occasion, newly elected president Ghazanfar Bilour said that he will try best to serve the interests of business community. He said that sweeping of all important FPCCI seats with a thumping majority clearly reflects the confidence of business community in judicious policies being followed by the group leadership.

Pakistan Furniture Council (PFC) Chief Mian Kashif Ashfaq Ghazanfar Bilour  also has also congratulated SM Munir, Iftikhar Ali Malik and newly elected FPCCI President for landslide victory  in the elections o FPCCI through a democratic process for the year 2018.

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Business Community Expresses Concern on FTA with China

Business Community Expresses Concern on FTA with China


Ram zi | category: Business

Business community expresses concern on FTA with China.Business community, especially local manufacturers have expressed their concern and reservations on the Free Trade Agreement (FTA) with China as it has been providing more benefit to China and local manufacturers are facing huge losses due to the demand of products being imported from China.

The Businessmen Panel of the FPCCI in a statement issued today said FTA with China is against the interests of Pakistan and local business community as it is causing massive losses to limping economy of Pakistan. The business community is of the view that trade deal was tilted towards China from the very beginning and all the attempts of the government to make any balance in this trade have filed and the Pakistani manufacturers and especially small traders have been facing losses.

The national economy of the country is also facing losses, the business community added.
The business community said that both the friendly countries should make necessary changes in the Pak-China FTA without delay as it has not providing any profit to Pakistan but resulted in heavy losses.
A leader of the Business Panel of the FPCCI Naseemur Rehman in a statement said
after the FTA Chinese exports have jumped from 3.5 billion dollars to over 16 billion
dollars making China the biggest trading partner of Pakistan while Pakistani exports have increased slightly.

Naseemur Rehman said that since 2006-07 the trade gap has surged from 2.9 billion
dollars to over $32 billion which has created problems for the business community and
the economic managers while China is not ready to make any meaningful change in the
deal. He said that the share of Chinese imports in the non-oil sector has surged
to 36 percent which must be noticed as the share of Pakistan exports has increased
insignificantly.
He said that China has signed many trade deals with other countries and blocks which has left its deal with Pakistan irrelevant, therefore the authorities should not sign any trade deal with friendly countries at the cost of local industries and local manufacturers.

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