Business News

APTMA, BCI sign MoU for sustainability in cotton production

Lahore—All Pakistan Textile Mills Association (APTMA) and Better Cotton Initiative (BCI) Chief Executive Patrick Charles Laine have signed a memorandum of understanding (MoU) to implement joint and synergetic activities to mainstream sustainability in cotton production in Pakistan. APTMA Central Chairman SM Tanveer, Seth Muhammad Akbar Punjab Chairman, Vice Chairman APTMA Wisal Monnoo and members were present on this occasion. Under the MoU, the APTMA will be the ‘program promoting agency’ within Pakistan to promote the program as far as possible in line with the BCI Strategic Plan for Pakistan.

Mobilink Foundation renovates infrastructure at PKSS

Amanullah Khan

Karachi—Mobilink Foundation has commissioned the infrastructure up-gradation at Pehli Kiran School System (PKSS) in collaboration with Borish BV, Netherlands. Under the ambit of this initiative Mobilink Foundation will improve and renovate sanitation and hygiene facilities at PKSS to ensure a healthy environment for students. Pehli Kiran Schools are operating in the squatters around Islamabadand currently lack toilets and other basic sanitation facilities posing a hazard to the environment and a major predicament to the health of students and school administration.

Chamber leaders invited to SAARC Summit

Staff Reporter

Lahore—First time, the South Asian Association for Regional Co-operation (SAARC) Secretariat has invited president and all vice presidents of SAARC Chamber of Commerce and Industry to attend two-day 18th SAARC Summit being held at Khatmandu, Nepal, on Nov 27. Vice President SAARC Chamber of Commerce and Industry (SCCI) Pakistan Chapter and veteran trade leader Ifttikhar Ali Malik told APP on Saturday that SCCI President and all its vice presidents one each from Maldives, India, Sri Lanka, Bangladesh, Pakistan, Bhutan and Nepal will attend the moot to explore the indigenous natural resources and deposits and study the scope of strengthening and promotion of trilateral trade among member countries.

PFC to hold 2nd Interiors Pakistan Expo-2014

Salim Ahmed

Lahore—Pakistan Furniture Council (PFC) is set to hold the 2nd Interiors Pakistan Expo-2014 from December 5th to December 7th to promote and introduce Pakistani interiors, furniture and accessories in and outside Pakistan. The exhibition was announced at a press briefing by Kashif Ashfaq, CEO of Pakistan Furniture Council (PFC) and owner of ChenOne, Shahzad Mughal (Workman), Maqbool Elahi (Mohkam Furnishers), Amna Saeed (The Furniture Gallery), Ghazala Rehman (In Design), Omar Nabi (Studio 0) and Malik Farooq (Interwood)

Economic prosperity: in context to brain drain

Mahwish Z Chowdhary

COUNTRIES like Pakistan- who suffers from extreme level of instability i.e. political, natural disasters, terrorism and radicalization—the demographic dividend had to be a natural asset to raise economic growth, development and improve infrastructure. Harsh reality is people leave—the talented skill-forces to find the better living standards, to seek a bread butter where they eat with peace of mind— bitter realities that push them to leave their homes in order to grow and prosper. Plenty of examples of the “brain drain’’ phenomenon that has affected the prospects of developing countries i.e. Pakistan.

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