ID :
170045
Tue, 03/22/2011 - 18:17
Auther :
Shortlink :
http://m.oananews.org//node/170045
The shortlink copeid
Vast scope of mutual trade between Pak & Brazil: Brazilian Envoy
LAHORE, March 22, 2011 (PPI): The Ambassador of Brazil, Alfredo Leoni, has invited Pakistani businessmen to come forward and tap the multiple opportunities of mutual trade between Brazil and Pakistan as Brazil is the 8th biggest consumer market in the world.
The Brazilian Ambassador was speaking at the Lahore Chamber of Commerce and Industry on Tuesday.
LCCI President Shahzad Ali Malik, Vice President Sohail Azhar, former President Shahid Hassan Sheikh, Honorary Consul General in Lahore Ejaz Ahmad and a number of Executive Committee members also spoke on the occasion.
Promotion of commercial and economic ties between Pakistan and Brazil would further boost bilateral relations, said Ambassador of Brazil.
He proposed that Pakistan could share experiences of Brazilian success story in the areas of economy and development achieved through the implementation of Real Plan which was introduced in 1994, in order to tame inflation and stabilize the economy. He said that 18 years inflation has brought down to 4.4 percent per year from 46% per month, also Brazil has converted itself from a borrower to lender economy.
The Ambassador said that Pakistani businessmen can share technical aspects and general information regarding production of ethanol (bio-fuel) by sugarcane and its usage in cars and power generation with their Brazilian counterparts. This would help Pakistan in reducing dependence on petroleum products, he said.
He said that Brazil was the first commercial partner of Pakistan in Latin America, and bilateral trade was about 400 million US dollars. The Ambassador recognized that the long distance between the two countries has always been the biggest disadvantage for the improvement of trade relation of two countries. But, he said this was not a hurdle. This fact is less important today with the multiple means of communication, such as the Brazil Trade Net, and the facilities of flights to Brazil.
He said that the Pakistani businessmen interested in doing business with Brazilian partners must register themselves on braziltradenet.gov.br and become a member and a player of the biggest database available in Brazil involving international trading companies, market studies and information on fairs, Brazilian companies and trade offers.
Speaking on the occasion, the LCCI President Shahzad Ali Malik suggested that cooperation can be enhanced in the agriculture, energy and pharmaceutical sectors. Serious consideration should be given to reduce tariff and non-tariff barriers, he emphasized.
The LCCI President said Brazil has a highly developed industrial base and its diversity ranges from automobiles, steel, petrochemical to computers, aircrafts and consumer durables. The Lahore Chamber of Commerce and Industry would like the Brazilian companies to join hands with private sector in Pakistan and make best use of our technically qualified human resource through joint ventures.
The private sector of Pakistan can definitely take advantage of exporting to Brazil various types of consumer goods like ready-made garments, fabrics, knitwear, hosiery, towels, leather & leather products, sports goods, pharmaceutical, surgical instruments etc. Brazil offers a huge potential for the exports of high quality footballs.
Shahzad Ali Malik said that Pakistan can also supply agro products including rice, pulses, fruits and vegetables etc. For this, both the sides need to work closely to find the right partners.
There is a dearth of trade information and statistical data of Brazil in Pakistan. Little information exists about financial and transport arrangements, trade regulations, custom laws, visa procedures, foreign investment policy etc. applicable in Brazil.
Concept of joint marketing of products of Pakistan & Brazil can also fetch encouraging results as both are suitably placed in the respective regions of the world.
NNNN
ZCZC
COM Economy at verge of collapse due to wrong policies: Chairman PIAF
LAHORE, March 22, 2011 (PPI): Pakistan is at crossroads and facing multiple internal and external challenges only because of inconsistency in economic policies that has pushed it to the wall. The government would have to take short-term sector-specific measures, that too in consultation with stakeholders, to cope with economic meltdown-like situation.
These views were expressed the Chairman, Pakistan Industrial and Traders Associations Front (PIAF), Engineer Sohail Lashari, in a statement issued in connection with Pakistan Resolution Day.
The PIAF Chairman said that it is time to recognize our duty to Pakistan as Pakistanis. This 23rd March, lets all make a pledge that we will make concerted efforts to rebuild the image of Pakistan. Lets start to work towards making this country economically strong enough to thwart the evil designs of the enemy.
Engineer Sohail Lashari said that the government would have to come forward for the handholding of the business community that is continuously playing its role in such difficult times.
While inviting the government attention towards the major issues being faced by the country, the PIAF Chairman said that government would have to withdraw the recently announced RGST and Flood Surcharge immediately.
He urged the government to break the shackles of International Monetary Fund (IMF) and adopt independent economic policies if he wants to make the dream of economic stability come true. IMF conditions are creating multiple problems for not only masses and the industrial sector but for the national economy as well.
The PIAF Chairman said that the entire business community had serious reservations that the present democratic government has failed to make any change and was continuing with heavy dependence on foreign loans that had reached at $ 58.4 billion. He said that if government continues to follow IMF directions, circumstances would further aggravate.
He said that the Pakistan direly needs homegrown policies instead of any directions from International Monetary Fund that had severely suggested increase in power tariff, Tax reforms and raise in markup etc.
PIAF Chairman also urged the government to build Kalabagh dam immediately as it could not only generate very cheap electricity but much water could also be provided to the agriculture sector.
Kalabagh dam alone could award Rs. 525 billion annually to the economy.
He also drew the government attention towards the high markup rates in Pakistan. PIAF told the government that markup rates were too high in Pakistan when are compared with any of the developed economies. Interest rate in US were 0.25 per cent, in UK 1.5 per cent, in Canada 1.5 per cent, in Australia 4.25 per cent, in Japan 0.1 per cent, in China 5.58 per cent, in India 5.5 per cent and in Bangladesh were 7.61 per cent.
He said that government has to take measures on war footing as the economic crisis was deepening with every passing day.
The Brazilian Ambassador was speaking at the Lahore Chamber of Commerce and Industry on Tuesday.
LCCI President Shahzad Ali Malik, Vice President Sohail Azhar, former President Shahid Hassan Sheikh, Honorary Consul General in Lahore Ejaz Ahmad and a number of Executive Committee members also spoke on the occasion.
Promotion of commercial and economic ties between Pakistan and Brazil would further boost bilateral relations, said Ambassador of Brazil.
He proposed that Pakistan could share experiences of Brazilian success story in the areas of economy and development achieved through the implementation of Real Plan which was introduced in 1994, in order to tame inflation and stabilize the economy. He said that 18 years inflation has brought down to 4.4 percent per year from 46% per month, also Brazil has converted itself from a borrower to lender economy.
The Ambassador said that Pakistani businessmen can share technical aspects and general information regarding production of ethanol (bio-fuel) by sugarcane and its usage in cars and power generation with their Brazilian counterparts. This would help Pakistan in reducing dependence on petroleum products, he said.
He said that Brazil was the first commercial partner of Pakistan in Latin America, and bilateral trade was about 400 million US dollars. The Ambassador recognized that the long distance between the two countries has always been the biggest disadvantage for the improvement of trade relation of two countries. But, he said this was not a hurdle. This fact is less important today with the multiple means of communication, such as the Brazil Trade Net, and the facilities of flights to Brazil.
He said that the Pakistani businessmen interested in doing business with Brazilian partners must register themselves on braziltradenet.gov.br and become a member and a player of the biggest database available in Brazil involving international trading companies, market studies and information on fairs, Brazilian companies and trade offers.
Speaking on the occasion, the LCCI President Shahzad Ali Malik suggested that cooperation can be enhanced in the agriculture, energy and pharmaceutical sectors. Serious consideration should be given to reduce tariff and non-tariff barriers, he emphasized.
The LCCI President said Brazil has a highly developed industrial base and its diversity ranges from automobiles, steel, petrochemical to computers, aircrafts and consumer durables. The Lahore Chamber of Commerce and Industry would like the Brazilian companies to join hands with private sector in Pakistan and make best use of our technically qualified human resource through joint ventures.
The private sector of Pakistan can definitely take advantage of exporting to Brazil various types of consumer goods like ready-made garments, fabrics, knitwear, hosiery, towels, leather & leather products, sports goods, pharmaceutical, surgical instruments etc. Brazil offers a huge potential for the exports of high quality footballs.
Shahzad Ali Malik said that Pakistan can also supply agro products including rice, pulses, fruits and vegetables etc. For this, both the sides need to work closely to find the right partners.
There is a dearth of trade information and statistical data of Brazil in Pakistan. Little information exists about financial and transport arrangements, trade regulations, custom laws, visa procedures, foreign investment policy etc. applicable in Brazil.
Concept of joint marketing of products of Pakistan & Brazil can also fetch encouraging results as both are suitably placed in the respective regions of the world.
NNNN
ZCZC
COM Economy at verge of collapse due to wrong policies: Chairman PIAF
LAHORE, March 22, 2011 (PPI): Pakistan is at crossroads and facing multiple internal and external challenges only because of inconsistency in economic policies that has pushed it to the wall. The government would have to take short-term sector-specific measures, that too in consultation with stakeholders, to cope with economic meltdown-like situation.
These views were expressed the Chairman, Pakistan Industrial and Traders Associations Front (PIAF), Engineer Sohail Lashari, in a statement issued in connection with Pakistan Resolution Day.
The PIAF Chairman said that it is time to recognize our duty to Pakistan as Pakistanis. This 23rd March, lets all make a pledge that we will make concerted efforts to rebuild the image of Pakistan. Lets start to work towards making this country economically strong enough to thwart the evil designs of the enemy.
Engineer Sohail Lashari said that the government would have to come forward for the handholding of the business community that is continuously playing its role in such difficult times.
While inviting the government attention towards the major issues being faced by the country, the PIAF Chairman said that government would have to withdraw the recently announced RGST and Flood Surcharge immediately.
He urged the government to break the shackles of International Monetary Fund (IMF) and adopt independent economic policies if he wants to make the dream of economic stability come true. IMF conditions are creating multiple problems for not only masses and the industrial sector but for the national economy as well.
The PIAF Chairman said that the entire business community had serious reservations that the present democratic government has failed to make any change and was continuing with heavy dependence on foreign loans that had reached at $ 58.4 billion. He said that if government continues to follow IMF directions, circumstances would further aggravate.
He said that the Pakistan direly needs homegrown policies instead of any directions from International Monetary Fund that had severely suggested increase in power tariff, Tax reforms and raise in markup etc.
PIAF Chairman also urged the government to build Kalabagh dam immediately as it could not only generate very cheap electricity but much water could also be provided to the agriculture sector.
Kalabagh dam alone could award Rs. 525 billion annually to the economy.
He also drew the government attention towards the high markup rates in Pakistan. PIAF told the government that markup rates were too high in Pakistan when are compared with any of the developed economies. Interest rate in US were 0.25 per cent, in UK 1.5 per cent, in Canada 1.5 per cent, in Australia 4.25 per cent, in Japan 0.1 per cent, in China 5.58 per cent, in India 5.5 per cent and in Bangladesh were 7.61 per cent.
He said that government has to take measures on war footing as the economic crisis was deepening with every passing day.
