Frequent changes in policies discourage investment in Pakistan:Japanese Consul General

 

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Karachi (Cliff News)More Japanese companies are interested
to invest in Pakistan in different sectors but are hesitant to because of frequent changes in investment and trade policies especially about taxation and tariffs.Continuity of economic policies is must to attract investors,especially foreign ones. The policies should sustain at least for ten years.Investors come with their long-term business plans and it becomes very disturbing for them in Pakistan when new taxes are suddenly levied or the existing ones are increased, Consul General of
Japan in Karachi Toshikazu Isomura said.He was talking to a group of journalists after inaugurating a mango
festival here at Beach Luxury Hotel.
The Japanese Government and the investors were also seriously
watching political developments in Pakistan and expected political
stability  after the scheduled general elections, which is vital for
sustained economic activities.
He informed that eighty three Japanese companies were operating
in Pakistan including  Toyota and Suzuki Motor companies. Of these
more thirty companies were in Karachi. Japanese dry milk producing
company Morinaga was setting up its plant in Punjab.He said that in Pakistan the yearly demand for vehicles was around 0.3 million. Of these, 0.2 million were being produced in Pakistan and
0.1 million were imported from Japan.   Whereas, Iran had big vehicle
market with around 0.9 million vehicles annual demand.To a question that the quality of cars being assembled in
Pakistan using Japanese spare parts did not match with those imported
from Japan, he said that more demand for vehicles in a country brings
better auto manufacturing or assembling companies/facilities leading
to better quality products at lower price.Japanese Consul General said his country could supply buses to
Pakistan for Green Line Bus project  in Karachi at lower price.  In
addition, he said, Pakistan would get spare parts and service for
these buses at low cost.To another  question, he said it was not Japan but Sindh Government which abandoned Karachi Circular Railway project to be executed under the umbrella of Japan International Cooperation Agency (JICA), which coordinates official development assistance.”Without informing us, former Sindh chief minister Syed MuradAli Shah announced to include KCR project in China-Pakistan Economic
Corridor,” he explained.Japanese Consul General praised Pakistani mangoes’ taste especially of Sindhri and Caunsa.
“Pakistani Sindhri and Chaunsa had big demand in Japan, “he remarked.Last year, 100 tones of Sindhri and Chaunsa were imported by Japan and this volume could  be increased to 500 tonnes if Pakistan government provided trade  incentives. Japan also imports good quantity of  mangoes from Iran. Pakistani mangoes could be their
better replacement, he said.Acting General Manager, Beach Luxury Hotel  Syed Kashif Rizvi,said that being king of fruits, mango has unique flavour, fragrance and health promoting qualities. It is widely used ingredient in different cuisines. With passage of time,
its use has tremendously increased. Earlier, mango was to be used as
dessert but now people do use it as starter, appetizer and main course, he said.

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Turkey keen to explore investment opportunities in Energy and Infrastructure Project says CG Tolga Ucak

Karachi (Cliff News)Newly appointed Turkish Consul General in Karachi Tolga Ucak has speak about the importance of the people-to-people contact at Turkish Airlines Agency Award Ceremony 2017 in Karachi.He also underlined the progress that the Turkish Airlines achieved in the timeline and contribution of the Turkish Airlines to the image and tourism sector in Turkey.He said that Pakistan and Turkey can also benefit from each other experiences and expertise in the aviation sector and PIA and Turkish Airlines already enjoy working relationship.Tolga Ucak while praising the recent decision by government of Pakistan to introduce visa on arrival policy said that it’s a good step to promote inbound tourism in Pakistan. Since security environment is improving in Karachi, we would like to introduce Karachi to Turkish people as a safe and interesting tourism destination and hopefully more Turkish tourists would come to Pakistan in 2018. He praised the role of travel agencies in promoting Turkey as a preferred tourism destination for Pakistani tourists and informed that, according to the figures of Turkish Statistical Institute, in 2017 approximately 77,000 Pakistanis travelled to Turkey. Tolga Ucak informed that in year 2000 the number of visitors to Turkey from Pakistan was just 7,908 which reached to almost 21,000 travelers in 2007, 50,000 in 2014 and ultimately 77,000 travelers in year 2017.He hoped that with several attractive packages by Turkish Airlines, year 2018 would set a new record of Pakistani travelers travelling to Turkey. Consul General said that UN World Tourism Organization figures for global tourism for 2017 is 1.3 billion people with an annual rise of 6.7%. The number of foreigners visited Turkey in 2017 was 32.5 million with an annual increase of 27.8 percent compare to 2016.Mr. Fatih Atacan Temel GM Karachi Turkish Airlines informed that his airline has recorded 352% Increase in its corporate sales from Karachi station, achieved 34.5% revenue Increase, 5% passenger load factor Increase and 13% business class cabin load factor increase in 2017.Turkish Airlines has achieved an increase of 9.3 percent in the number of passengers in 2017 compared to the previous year, carrying 68 million 616 thousand passengers. Passenger occupancy rate increased by 4.7 percentage points to 79.1 percent. In the last month of 2017, the flag carrier reached its occupancy rate of 79.5%, the highest of its history.Established in 1933 with a fleet of five aircraft, Star Alliance-member Turkish Airlines is a 4-star airline today with a fleet of 330 (passenger and cargo) aircraft flying to 301 destinations worldwide with 252 international and 49 domestic. According to the 2017 Skytrax survey, Turkish Airlines already has a six consecutive years of “Best Airline in Europe”award between 2011-2016, now chosen as the“Best Airline in Southern Europe” for the ninth consecutive times.

 

COTHM Karachi Witnessed it 3rd Annual Convocation with the Theme “Take Flight”

 

 

Karachi (Cliff News)The 3rd Convocation ceremony of COTHM (College of Tourism and Hotel Management) was held on Sunday 17thof September 2017 at FTC auditorium, Karachi.COTHM Karachi came up with a brilliant idea to make the Convocation theme based. The theme was “Take Flight”, golden plane was used as a metaphor to symbolize soaring to newer heights.The Convocation started off with welcome address, Director of COTHM, Mr.Sabir Ahmed praised the efforts of the students and faculty while emphasizing the role of education in the development of Pakistan. He thanked the Chief Guest for his gracious presence Mr.Ahsan Ullah Khan, who is Chairman Skills Development Karachi , was the Chief Guest of the Convocation whileMr.Ahmed Shafiq ( CEO COTHM Pakistan and Dubai), Dr.Masroor Ahmed Shaikh ( Chairman Sindh Board of Technical Education ), Dr.Shahana Uooj Kazmi(Rector at Dadabhoy Institute of Higher Education ),Mr.Kaukab Iqbal (Chairman Consumer Association of Pakistan ) & Mr.Asif Javed (Executive Director COTHM Islamabad) were also present on the occasion.The ceremony was marked with deep appreciation from teachers, parents, and friends, high motivation by the Director of COTHM Karachi, catching eye of the corporate sector, patronage by the Chair Person and best wishes for the future.A total of 100 graduates were conferred certificates regarding the discipline related to hospitality.The ceremony was marked with deep appreciation from teachers, parents, and friends, high motivation by the Director of COTHM Karachi, catching eye of the corporate sector, patronage by the Chair Person and best wishes for the future.The convocation ended with a twist where graduand threw paper planes which wrapped up the theme of the convocation- “Take Flight”, where graduand continue to soar high in the industry like the paper planes do.