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Tajikistan intends to enhance trade volume with Pakistan

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ISLAMABAD: Tajikistani investors and business community will take advantage of package of incentives offered to foreign investors by Prime Minister Imran Khan and this would help both the countries to take bilateral trade to $500 million per annum.

A 18-member high-level Tajikistan delegation of investors and businessmen led by Chairman Union of Private Sector Development of Tajikistan Radzhabov Fayzali Kurbonalievich called on Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq on Monday at PFC headquarter,” says a press release issued here on Monday.

Speaking on the occasion leader of the delegation said Tajikistan was keen to promote bilateral trade with Pakistan as both countries have huge potential to enhance trade, joint ventures and investment in different fields.

He said they were here in Pakistan to explore new vistas in investment sector besides giving new impetus to their ties through enhanced cooperation in diversified areas, including trade, energy, furniture, garments, cotton, connectivity, health, education and culture.

He urged that Pakistani business community should become more proactive to promote business relations with Tajik counterparts as both countries have great potential for mutual cooperation.

He said that Pakistan could export many products to Tajikistan including furniture, sugar, textiles, cement, sports goods, surgical instruments, pharmaceuticals and leather products and stressed that Pakistani exporters should step up efforts to exploit these business opportunities.

Radzhabov Fayzali said that investors of China and other countries were taking active part in Tajik market and emphasized that Pakistani investors should also focus on Tajikistan to get easy access to huge market of Central Asia.

Welcoming the delegation, PFC Chief Executive Mian Kashif Ashfaq said that Tajikistan was a gateway for Central Asia and Pakistan wanted to develop close cooperation with it in furniture and garments fields.

He said, “We are living in the age of connectivity and network. This is an age where we need to explore the opportunity for connectivity and progress.

In our region we have a lot of investment prospects and opportunities. In the 21st Century, Asia will contribute 52% to GDP of the world. This will create opportunities for global economy for growth and investment.”

Mian Kashif said Pakistan’s furniture industry has the potential to dominate global markets with its innovative design and can take this to new height joining hands with their counterparts in Tajikistan.

He said a delegation of PFC would also visit to Tajikistan to explore new investment avenues by sharing their vision, expertise for formulation of future policies, economic studies and project-specific reports in addition to promotional efforts.

He said that the best quality Pakistani products especially furniture are comparatively much economical compared with other countries.

He also appreciated Prime Minister Imran Khan for giving special attention to revive and boost our furniture sector and increase volume of our exports along with exploring new international markets.

“Hence we are more than eagre to expand the volume of trade between friendly countries in the region,” he added.

Mian Kashif Ashfaq who also briefed the delegation about the prospective of foreign investment in garment industry and offered them all available facilities to explore more opportunities in furniture and garment sector.

Later delegation visited the Chenone store Gulberg and evinced keen interest in various latest designs of garments and furniture.

 

 

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Iran favors $5b trade volume with Pakistan

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TEHRAN: Minister of Industry, Mines and Trade Reza Rahmani called for raising the volume of trade exchanges with Pakistan to $5 billion by 2021.

Addressing a ceremony marking Pakistan Day in Tehran on Wednesday, he hoped the goal will be materialized by establishing banking ties and finalization of free trade memorandum of understanding.

He said that Iran and Pakistan boast of numerous commonalities in various sphere including religion, culture and history.

“Iran-Pakistan ties as old as the country’s independence and the two regional big countries’ relations have always been friendly and excellent,” he said.

Iran was the first country which recognized independence of Pakistan and established embassy in Islamabad, Rahmani said, describing Pakistan as major gateway for Iran to enter to the East.

“Iran is also a country with numerous economic potentials,” he said, noting that Iran’s economy and market will not be ignored by the economic activists and political officials.

The two countries are able to develop collaboration in the fields of agriculture, foodstuff, tourism, pharmaceuticals and sports.

Ceremony marking Pakistan National Day attended by diplomats from certain countries including France, Turkey, Azerbaijan, Cuba, Armenia and Palestine was held in Tehran.

 

 

 

 

 

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Asia

Tokyo bourse opens modestly higher

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Tokyo stocks gain on bargain-hunting

TOKYO: The bourse opened here marginally higher today with help from a cheaper yen, but investors were cautious ahead of Easter holidays on overseas markets.
The benchmark Nikkei 225 index was up 0.05 percent or 11.42 points at 22,289.39, while the broader Topix index climbed 0.09 percent or 1.48 points at 1,632.16.

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Bahawalpur: FOB compiles reports for reforms

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BAHAWALPUR: The Secretary, Federal Ombudsman Secretariat and National Commissioner on Children have said that the office of the Wafaqi Mohtasib had compiled reports to recommend recommendations to bring reforms to address maladministration in government departments.
Secretary, Federal Ombudsman Secretariat, Dr. Jamal Nasir and Senior Advisor/ National Commissioner For Children, Ejaz Ahmed Qureshi were addressing a news conference at the regional office of Wafaqi Mohtasib here in Bahawalpur.
They said that following the Swedish ombudsman system, the office of Ombudsman was established in Pakistan to ensure the provision of relief to people in connection with their complaints against federal government departments.
They said that during the last few years, the office of Wafaqi Mohtasib disposed of 75,000 complaints/cases. “Most of the complaints were registered against Wapda, electric companies, Sui Southern and Sui northern gas companies and National Data Registration Authority.
They said that with reviewing the registered complaints, the Federal Ombudsman Secretariat had also been compiling reports to recommend recommendations for bringing reforms in federal government departments and agencies to address the issue of maladministration and corruption.
They said that the office of Federal Ombudsman had also powers to listen to complaints against National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA).
They, however, said that if applications/petitions were submitted in courts against NAB and FIA, then the courts would listen to those cases and would dispose of them.
They said that the Federal Ombudsman had powers of the judge of Supreme Court and he could take suo moto notice against any federal government departments and agencies. “The Federal Ombudsman after founding negligence of officials of federal departments can recommend inquiry and other departmental actions against them,” they said.
They said that 13 offices of the Federal Ombudsman were working in the country including Bahawalpur office which could listen to complaints against federal departments and agencies lodged by people of Bahawalpur, Rahimyar Khan, Lodhran and Bahawalnagar.
They said that Bahawalpur and other neighboring districts had populations in millions, adding that but, the average number of registered complaints with the local office of the Federal Ombudsman in Bahawalpur was 100 per month. They requested the media to highlight the importance and role of Federal Ombudsman so that maximum number of people could move to the local office of Federal Ombudsman in Bahawalpur to get relief on issues and problems pertaining to federal government and departments.
Meanwhile, according to a report issued by the Federal Ombudsman Secretariat Regional Office Bahawalpur, 624 applications/complaints were registered against federal government agencies including Multan Electric Company (MEPCO), Pakistan Post Office (PPO), Sui Northern Gas Pipelines Limited (SNGPL), State Life Insurance Corporation of Pakistan (SLICP) and others. The Bahawalpur office of Wafaqi Mohtasib had disposed of 602 of them.

 

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