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MARCH 2021-ISSUE NO. 03
LAH RE CHAMBER NEWS
President LCCI Mian Tariq Misbah, Senior Vice President Nasir Hameed Khan, Vice President Tahir Manzoor Ch Former Presidents Sheikh
Muhammad Asif, Mian Misbah ur Rehman, Muhammad Ali Mian, Sohail Lashri, Ijaz A. Mumtaz, Farooq Iftikhar, Almas Hayder, Tahir Javaid
Wall of Glory: Malik, Irfan Iqbal Sheikh , Forme Senior Vice President Amjad Ali Jawa, Former Vice Presidents Sohail Azher, Zeeshan Khalil, Faheem ur
Rehman Saigol, Mian Zahid Javaid and Executive Committee Members Haji Muhammad Asif Sehar, Muhammad Naeem Hanif, Muhammad
Imran Bashir, Abdul Wadood Alvi, Shafiq Ahmad Butt, Wasif Yousaf, Dr. Riaz Ahmed, Khadim Hussain, Mubasher Naseer Butt, Syed Mardan
Ali Zaidi, Malik Riaz Iqbal and Chaudhry Muhammad Nusrat Tahir in a group photo on the occasion of inauguration of Wall of Glory at LCCI
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CERTIFIED
ISO 9001: 2013
ISO 1401: 2015
Manufacturer of Diesel Engine & Generator Sets
Engine for Agricultural Machinery& Generator Set
Diesel Generator Prime Mover for Specialized Mobile
from 5 to 2000Kva Industrial Applica on Generator Trolley
Authorized OEM of KUBOTA Engines, Japan For Pakistan
Expor ng o 15 Countries Worldwide.
Winner of LCCI Export Award 2017, 2019, 2020.
Address: 16 km Multan Road, Pakka Mile Stop, Shahpur, Lahore 54000, Pakistan
UAN: 92 42 111 787 456 Tel: 92 42 37512567 Fax: 92 42 37512569
Email: info@powervision.com.pk www.powervision.com.pk
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Automobile Industry
in Pakistan
Automobile industry is one of the few large scale In order to enhance the technological
industries in Pakistan that have transformed rapidly competitiveness, product range and product volume
and covered great strides ever since the first of Auto Industry through greater indigenization, the
manufacturing unit was set up in the country in 1980s. Government introduced the Automotive
The main factor behind the rapid growth of Development Policy 2016-21 with lucrative taxation
Automobile Industry is the strong domestic demand incentives for the automobile companies for setting
as this country is home to a population of more than up assembly plants in Pakistan. This initiative has
200 million and a middle class that is growing rapidly. resulted in entrance of new players in the Automobile
According to estimates, the Auto Industry contributes industry of Pakistan.
around 2.8% to the GDP. Taking a step ahead and catering to the transformation
Currently, this industry is a major determinant of the of Auto sector, the Government has also approved the
economic growth of the country as numerous vending new Electric Vehicle (EV) Policy to facilitate the
companies and assemblers are associated with this production of Electric Vehicles in Pakistan.
sector.
Growth Trends
The Automobile industry in Pakistan exhibited a However in the last two years i.e. 2018-19 and 2019-
healthy growth from 2014-15 to 2017-18. In 2014-15, 20, the industry exhibited negative growth rates of
the industry grew by 17.06%,which increased to 7.53% and 36.5% respectively. The main reasons of
23.51% growth in 2015-16 before settling to 10.09% the negative growth rates for the Automobile industry
in 2016-17. The growth rate in 2017-18 increased to have been the devaluation of exchange rate, ban on
18.9%. non-filers and overall slowdown in the economy.
2021 12 LCNProduction in Pakistan
This table aheadshows the automotive production The production of tractors in 2019-20 stood at 32,608
from 2014-15 to 2019-20. As mentioned earlier, the units as compared to 49,902 units in 2018-19,
massive devaluation of rupee, the ban on non-filers exhibiting a decrease of around 35%.
and the overall slowdown in Economy have impacted The production of trucks in 2019-20 plungedto 2,945
the automotive production in the last two years. units as compared to 6,035 units in 2018-19, exhibiting
The new taxes like Federal Excise Duty (FED), a decrease of around 51%.
Additional Custom Duty (ACD) and minimum The production of motorcycles also showed a decrease
value addition tax also contributed to a dip in as it remained at 1.88 million units in 2019-20 as
production of Auto Industry. compared to 2.46 million units in 2018-19, a decrease
The production of Jeeps and Cars in 2019-20 stood at of 24%. The production of Light Commercial Vehicles
97,889 units as compared to 216,780 units in 2018-19, (L.C.V's) plunged by 50% as it remained at 12,068
exhibiting a decrease of around 55%. units in 2019-20.
LCN 13 2021It can be observed in the table ahead that the scenario 20% and 16% respective in (July-Jan FY 2020-21) as
of automotive production has improved considerably compared to (Jul-Jan 2019-20).
in FY 2020-21 as the production of tractors, Jeeps &
Cars, L.C.V's and Motorcycles increased by 55%, 9%,
Automotive Production in 2020 -21
% Change
July-January
Product
Units
category Jul-Jan20-21
2020-21 2019-20
/Jul-Jan 19-20
Tractors Nos 26,848 17,354 54.71
Trucks Nos 1,738 2,084 (16.60)
Buses Nos 332 364 (8.79)
Jeeps and
Nos 81,256 74,817 8.61
Cars
L.C.V.'s Nos 10,417 8,680 20.01
Motor cycles Nos 1,451,305 1,255,513 15.59
Source: Pakistan Bureau of Statistics
Exports
The figure and the table ahead depict the automotive exports of Pakistan. Pakistan's automotive related exports
stood at 56 million dollars in 2019, as compared to 41 million dollars in 2018, exhibiting an increase of around
37%. Tractors accounted for about 48% of the automotive exports (26.7 million dollars), followed by automotive
parts which accounted for about 30% (17 million dollars) of the automotive exports.
2021 14 LCNThe major markets for the automotive exports of Pakistan are Afghanistan, Botswana and United States which
account for about 7.6% (4.26 million dollars), 7.4% (4.13 million dollars) and 7.2% (4.04 million dollars) of
Pakistan's automotive exports respectively.
LCN 15 2021Pakistan also has sizeable automotive exports to Nigeria, Bangladesh and Oman, each of which contributes
around 6.7% to our automotive exports.
Country-Wise Exports from Pakistan
2021 16 LCNImports
As compared to the exports, the volume of our automotive imports is considerably higher. It can be observed in
the table ahead that the total imports of Road Motor Vehicles in 2019-20 stood at 1.27 Billion Dollars as
compared 1.93 Billion Dollars in 2018-19, a decrease of around 34%.
The Automotive imports are dominated by the imports of Completely Built Unit (CBU) and Completely Knock
Down Unit (CKD) as they contributed 25% (313.4 million dollars) and 62% (788.7 million dollars) to the
Automotive imports respectively.
The imports of Automotive parts in 2019-20 stood at 101.67 million dollars, exhibiting a strong decrease of
around 42% as compared to the imports of 176.05 million dollars in 2018-19.
LCN 17 2021The major supplying markets for the automotive imports of Pakistan are Japan, Thailand and China which
contribute 522.8 million dollars, 371.63 million dollars and 288.17 million dollars to the automotive imports.
Pakistan also has sizeable automotive imports from Indonesia (112.7 million dollars) and Korea (58.3 million
dollars).
It can however be observed in the table ahead that the Automotive Imports of Pakistan have spiked in the first six
months of FY 2020-21 as they stood at 930 million dollars in (July-Jan FY 2020-21) as compared to 793 million
dollars in (July-JanFY 2019-20), an increase of 17%. The increase is driven mainly by the imports of Completely
Knock Down (CKD) units which increased to 683 million dollars in (July-Jan FY 2020-21) as compared to 487
million dollars in (July-Jan FY 2019-20), an increase of 40%. In the same period, the imports Automotive Parts
increased by 19% from 65 million dollars to 77 million dollars.
2021 18 LCNRelevant Government Officials
Federal Government
(Ministry of Industries and Production)
+ (92-51) 9212164,
Mr. M uhammad Hammad
Finance Minister
Azhar + (92-51) 9203711
+ (92-51) 9211709,
Mr. Afzal Latif Federal Secretary
+ (92-51) 9210192
Engineering Development Board (EDB)
Mr. Raza Abbas Shah Chief Executive Officer + (92-51) 9201892
LCN 19 2021Challenges and Recommendations
High Cost of Raw Materials: skill development institutes.
Like other large scale industries in Pakistan, the Lack of Indigenous Machinery Production:
Auto Industry imports the majority of its raw
materials. As an example, the high tensile graded The major machinery required for Auto Industry
steel is imported from Korea while the e.g. metal cutting machinery, injection moulding
polymers(rubber) are imported from Thailand. machinery and dye making machinery are
Many years back, the Pakistan Steel Millsused to imported from China and Taiwan. The used
be a source of raw materials for Auto Industry but machinery is imported from United Kingdom.
now the Industry imports its raw materials from The lack of indigenous machinery production and
various countries. The major raw materials of over reliance on imported machinery escalates
Auto Industry are subjected to high Custom the cost of doing business of Auto Industry. The
duties, Regulatory Duties and Additional Custom manufacturing base of this country needs to be
Duties. enhanced so that the required machinery is
It is recommended that all the raw materials of the manufactured locally.
Auto Industry should be zero rated through the
reduction of Custom Duties, and elimination of Lack of Consistency in Government Policies:
Regulatory Duties and Additional Custom Duties.
This would increase the competitiveness of Auto The Government Policy on Auto Industry should
Industry. be for at least 20 years as compared to the current
5 years. There should also be a long term and
Dearth of Skilled Manpower: consistent policy on the import of used cars.
Furthermore, there also needs to be a consistency
There is a dearth of skilled manpower in the Auto in the Taxation regime on Auto Industry. The
Industry. The Trade specific manpower e.g. certainty in Auto Policy can help in attracting
technicians for electroplating and machinists are considerable new investment in this sector.
not easily available.The technical training Value Addition through Technology Transfer:
institutes of the Government have not played their There is a need of enhancing technology transfer
due role in this regard. This gap requires the in the Auto Industry so that our Industry is able to
initiation of demand driven technical training manufacture high value added auto parts locally
programmes in the skill development institutions instead of just low value added parts. For this, the
of the Government, in consultation with the stake Government should initiate Cluster Development
holders of Auto Industry. Furthermore, the private Projects for Auto Industry with incentives like
sector should also be incentivized for setting up subsidized land and 10 years Tax holiday etc.
2021 20 LCNChallenges being tackled through reforms,
says Minister for Maritime Affairs
F ederal Minister for Maritime Affairs
Ali Haider Zaidi has said that
reforms are well on the way and the
ministry will achieve its targets soon.
He was speaking at a meeting at the Lahore
Chamber of Commerce & Industry. LCCI
President Mian Tariq Misbah presented the
welcome address.
The Minister said that powers were shifted
to the provinces after 18th amendment
which has created a number of issues. He
said that fisheries is third largest trade in the
world but Pakistan's exports in this regard
are negligible despite having all resources.
He said that Sindh Fisheries has given the
land on Karachi Port Trust on lease and
fisheries sector is being neglected.
Ali Haider Zaidi said that 90 per cent resolved immediately.
collection of the Federal Board of Revenue is from Mian Tariq Misbah appreciated the introduction of new
ports. The Ministry of Maritime Affairs is connected Shipping Policy by the Government which gives first
with all other ministries as most of the trading goods are berthing rights to the vessels registered in Pakistan
being handled through ports. He said that Pakistan has a alongside tremendous incentives in Custom Duties,
single terminal to handle coal. He said that terminal of Sales Tax, Income Tax and concessionary financing at
Pakistan Steel Mills is out of order since long. 3% from the State Bank. He hoped that private sector
He said that the price of containers increased due to would make great use of these incentives and enter into
growing demand. He said that negotiations on Port shipping business.
Qasim Agreements are well on the way. He said that He also hoped that concessionary agreements would be
such policies are being formed that can be followed by negotiated with the terminal operators on better terms
the people to come. for the benefits of businesses in the country.
The Minister said that commitments, which have made Provincial Minister Mian Aslam Iqbal said that
by the state in past are being rectified under rules and government has kept a strong liaison with the business
regulations. “We are improving efficiency rapidly community and businessmen have an easy access to the
through reforms”, he added. government and the ministers.
The LCCI President Mian Tariq Misbah said that Senior Vice President Nasir Hameed Khan, Vice
violation of manifestation by shipping companies President Tahir Manzoor Chaudhry, former LCCI
which results in delays and extra demurrage and President Mian Misbah-ur-Rehman, Secretary Ministry
warfare charges for the businesses. The LCCI President of Maritime Affairs Rizwan Ahmed, Chairman Pakistan
appreciated the Federal Minister for being much National Shipping Corporation Shakil Ahmed
responsive about the issues related to Delivery Order Mangnejo, Member Customs (Policy) Syed Hamid Ali,
(D/O) which includes the delays of 1 to 2 days in Chairman Karachi Port Trust Nadir Mumtaz Warraich,
issuance of D/O and over-charging by the shipping Chairman Port Qasim Trust Authority Rear Admiral (R)
companies (varying from Rs. 20,000 to Rs. 50,000) for Syed Hasan Nasir Shah, Provincial Minister for
issuance of Delivery Order. Industries, Commerce & Investment Mian Aslam Iqbal,
He said that issues like inadequate free days for clearing President Gujranwala Chamber Muhammad Umer
shipments, reluctance in receiving of containers as per Ashraf, President Sheikhupura Chamber Adil
place of delivery, inappropriate container examination Mehmood, former LCCI office-bearers and Executive
techniques employed by the staff at ports should be Committee Members also spoke on the occasion.
LCN 21 2021LCCI, Chaman Chamber ink MoU
T he Lahore Chamber of
Commerce & Industry and
Chaman Chamber of
Commerce & Industry have inked a
Memorandum of Understanding
area. He also intended to establish
an institute for skill development of
workers at Chaman.
LCCI President Mian Tariq Misbah
Ombudsman etc. are some of the
key partners which are cooperating
with LCCI in this connection.
The LCCI President hoped that
said that that strength of the private other chambers would also follow
(MoU) with the aim to make joint
efforts for the cause of trade,
industry and economy and to
ensure a business-friendly
atmosphere in the country.
President of the Lahore
Chamber of Commerce &
Industry Mian Tariq Misbah
and President of Chaman
Chamber of Commerce &
Industry Jalat Khan Achakzai
signed the MOU on behalf of
their respective Chambers.
It was also agreed that both the
chambers would evolve a
unified strategy on the issues
of common interests. Both the
chambers would share and
exchange all trade-related
data.
President Chaman Chamber
of Commerce & Industry Jalat sector lies in unity therefore they Lahore Chambers footsteps and add
Khan said that Chaman is 2nd should extend full support to each more ways to facilitate their
largest city of Baluchistan with other on all economic issues and members. He said that process of
population of around 12 million. He challenges. He said that the LCCI is interaction and consultation
said that Chaman can be a trade hub taking a number of steps to educate between both the chambers and the
and it is the shortest and cheapest its members on day-by-day stakeholders should be continued.
route to Central Asian States which international trade and economic On the occasion, issues of
are still land locked and untapped. scenario. warehouse and export facilities at
He said that we can improve our He said that other than performing Chaman border and establishment
trade with western neighboring its regular functions, Lahore of banking system to ensure smooth
countries and Central Asian States Chamber is also providing various trade with Afghanistan also came
by developing infrastructure and facilities to its members under one under discussion.
services at Chaman border. roof. LCCI Smart Services include Senior Vice President Nasir
He said that knowledge about each one-stop solutions which consist of Hameed Khan, Vice President Tahir
other's needs would help boost a number of help desks manned by Manzoor Chaudhry, former LCCI
trade with Iran, Afghanistan and federal and provincial Senior Vice President Amjad Ali
Central Asian States. organizations. SMEDA, Excise & Jawa, Executive Committee
He invited LCCI delegation to visit Taxation, LESCO, FBR, Labour Members Sheikh Sajjad Afzal,
Chaman Chamber of Commerce & Department, PESSI, PIA, National Saleem Asghar Bhatti and
Industry to explore the investment Bank, NPO, NADRA, Passport, Muhammad Ali Afzal also spoke on
opportunities in Chaman border Punjab Police and Federal Tax the occasion.
2021 22 LCNReforms introduced in
Labour Laws, says Secretary
P rovincial Secretary
Labour and Human
Resource Department
Ahmed Javed Qazi has said
that important reforms have
been made in the labour laws
under the directions of
Prime Minister and Chief
Minister Punajb.
He was speaking at the
Lahore Chamber of
C o m m e r c e & I n d u s t r y.
LCCI President Mian Tariq
Misbah welcomed the chief
guest.
Ahmed Javed Qazi said that said that Punjab Employees Social current labour laws (under Punjab
amendments have been made in the Security Institution (PESSI) should Industrial Relations Act 2010)
Labour Act. He said that no penalty redefine itself as only a “Service a l l o w 2 5 % o f Tr a d e U n i o n
will be imposed on those industries Provider” which essentially means members to be outsiders (those who
that will pay their actual outstanding that it should have no role are not actually employed as
contribution till June 30th, 2021. He whatsoever in Tax Collection. The labourers in the particular
said that in this regard a relief of responsibility for collection of all establishment). This law should be
Rs.5.5 billion has been given to the Labour Taxes in Punjab should be reviewed as external involvement
industry under this amnesty scheme. given to Punjab Revenue Authority in Trade Union activities results in
He said that inspection will be held (PRA). exploitation of labour force and in
only 20% industry through He said that the number of labour certain cases, creates law and order
transparent balloting. taxes pertaining to Industries and problems.
He said that 94 per cent companies businesses in Punjab can be reduced LCCI Vice President Tahir
are paying their contribution considerably by clubbing EOBI, Manzoor Chaudhry appreciated the
through online that has made the PESSI, WPPF and WWF. The reforms introduced by the Punjab
things more transparent and help to Departments like PESSI, Labour government and Punjab Labour
eliminate the malpractice. He said and EOBI can then get their Department. He hoped that Punjab
that Marriage grant has been respective shares from the Labour department will keep a good
increased to two lakh from one lakh. consolidated collection. Since liaison with the Lahore Chamber of
He said that the children of industrial EOBI is collected by the Federal Commerce & Industry.
workers can apply online for Government, the Government of Vice President Tahir Manzoor
scholarships. Punjab should coordinate with Chaudhry also spoke on the
He further informed the house that Federal Government in this regard. occasion while DG Punjab
awareness kits have been introduced The LCCI President said that the Employees Social Security
to get rid of accidents in industry and frequency of tax payments of Institution M. Hanif Rana,
government has hired sectoral various labor taxes (like EOBI, Commissioner PESSI, other
experts to facilitate the industry. He PESSI) should be reduced to once a o ffi c i a l s , f o r m e r L C C I Vi c e
said that labour will be given houses year. Currently, the frequency of President Kashif Anwar and
on ownership basis in the housing Tax payments of EOBI and PESSI is Executive Committee Member
societies against easy installments. 12 times a year. Sheikh Sajjad Afzal were also
LCCI President Mian Tariq Misbah Mian Tariq Misbah said that the present.
LCN 23 2021Tajik Ambassador visits LCCI
c e m e n t ,
pharmaceutical
products,
furniture, rice
and LPG etc.
He said that there
are a number of
agreements
already signed to
e n h a n c e
cooperation in
various fields
between both
countries. These
agreements need
to be focused and
completed for
f u r t h e r
strengthening
these relations.
A mbassador of Tajikistan
Ismatullo Nasredin called
for measures to cement
trade and economic relations
between the two countries.
brotherly countries share common
membership in many international
bodies and organizations such as
OIC, ECO, SCO and Heart of Asia-
Istanbul Process (an initiative of
He said that by developing direct air
routes, rail network and road
infrastructure, the bond between
two countries can be further
strengthened. In addition to that
He was speaking at a meeting at the Afghanistan and Turkey). Wakhan Corridor can also be
Lahore Chamber of Commerce & He said that despite having immense utilized for that purpose as it further
Industry. LCCI Vice President Tahir potential of trade, the bilateral trade shortens the trade route and reduces
Manzoor Chaudhry, former LCCI volume remained limited to 8 lead time.
Senior Vice President Amjad Ali million dollars in 2019 which stood The LCCI Vice President said that
Jawa, Haji Muhammad Asif Sehar at 13 million dollars in 2018. the CPEC project is a great
and Mardan Ali Zaidi also spoke on The LCCI Vice President said that opportunity for Tajikistan to get
the occasion. the level of two way trade can be access to the Arabian Sea and the
The Ambassador said that Pakistan increased manifold by exploring wider world via Pakistani warm
and Tajikistan should enhance diverse sectors of economy of both water deep seaports. Tajikistan must
mutual economic relations and the the countries. He said that if the collaborate with Pakistan to avail
two countries should remove the effective measures are taken, the this opportunity for the mutual
impediments in this regard. He said bilateral trade volume can be benefits.
that bilateral trade between the two enhanced to 500 million dollars. He said that the important steps
countries could be flourished He added that Pakistan's exports to which can prove to be imperative in
through exchange of trade Tajikistan consist of sugar, dairy enhancing trade between Pakistan
delegations and holding of single products and pharmaceuticals etc. and Tajikistan are exchange of
country exhibitions. while the imports comprise cotton Export Oriented Trade Delegations,
LCCI Vice President Tahir Manzoor yarn only. The potential areas where Single Country Exhibitions and
Chaudhry said that Pakistan and Pakistan and Tajikistan can enhance close liaison between trade bodies
Tajikistan share scores of cultural, trade and economic ties are hydro of both countries.
religious and historical links. Both power generation, Halal meat,
2021 24 LCNHC of Bangladesh wants to boost
bilateral trade
H igh Commissioner of
Bangladesh Rahul Alam
Siddique has said that the both
countries should take maximum steps to
strengthen their relations in all economic
sectors.
He was speaking at a meeting at the
Lahore Chamber of Commerce &
Industry. The LCCI President Mian Tariq
Misbah emphasized on the need of more
interaction between the business
community of both the countries.
The High Commissioner said that
intensive market research, frequent visits
of trade delegations, exchange of socio-
cultural programs and close contact
between trade bodies of the two countries
can lift the existing trade level between
the two countries.
The High Commissioner said that jute
and tea are the major item being exported objective to effectively utilize this also needs to be launched in order to re-
to Pakistan. Both countries should platform. establish maritime links. There is also a
indentified new areas for cooperation. He He said that Bangladesh is the 10th dire need to activate Joint Economic
said that the exports of Bangladesh to largest export destination of Pakistan Commission of Pakistan and
China are being increased gradually. He whereas among the top importing Bangladesh.
said that at present all industries in countries for Pakistan. Although, the The LCCI President said that Pakistan
Bangladesh are open and fully functional. balance of two-way trade heavily has a vast network of SMEs which are
He said that Jute and tea are the major favours Pakistan but at present the presently striving hard to survive
exports of Bangladesh. There is great volume of mutual trade is still below the during the current economic scenario
demand of jute products because of ban actual potential. that has been severely marred due to
on plastic and other materials. He said The LCCI President said that the Coronavirus. In this context we would
that major exporting countries for volume of bilateral trade between like to have more knowledge about the
Bangladesh are China, European Union Pakistan and Bangladesh was around Bangladeshi model of microcredit
and USA. He said that China allowed 835 million dollars in 2019. Pakistan's which has produced excellent results.
special preferences to Bangladesh as exports to Bangladesh are around 793 Mian Tariq Misbah said that CPEC is a
many Chinese companies are doing million dollars while our imports from framework of broad regional
business in Bangladesh. We support Bangladesh are merely 42 million connectivity. He said that CPEC will
export industry by providing them dollars. not only benefit China and Pakistan but
subsidy on raw materials, tax/duty etc. Mian Tariq Misbah said that there is a will have positive impact on Iran,
He said that due to Corona pandemic our great potential for exploring mutual Afghanistan, India, Central Asian
growth was declining but now we are trade opportunities in sectors like Republic, and the whole region.
improving day by day through pharmaceuticals, surgical goods, Bangladesh can also take advantage out
vaccination and it is available for every construction material, etc. Since textile of it by investing in the Special
person. Moreover there is no restriction is a major sector , there is a considerable Economic Zones that are being
on getting visa business and family visas room for Joint Ventures in it. developed under CPEC.
are available but the visa obtaining He said that recently, Pakistan has lifted He that in order to establish productive
procedures are lengthy. all the restrictions on visas for commercial relations, there is a need to
LCCI President Mian Tariq Misbah said Bangladeshi applicants. Direct flights address all the issues including non-
that after India, both Pakistan and between Dhaka and Karachi need to be trade barriers.
Bangladesh happen to be major members restored in order to promote trade. Vi c e P r e s i d e n t Ta h i r M a n z o o r
of SAARC in terms of the size of their Furthermore, a direct shipment facility Chaudhry and Honorary Consul
economies and it should be our prime from the Karachi to Chittagong ports General of Bangladesh Humayun
Fareed also spoke on the occasion.
LCN 25 2021LCCI URGES GOVT TO RESTORE
TAX EXEMPTIONS
T he Lahore Chamber of Commerce
& Industry has said that it was not
the right time for withdrawal of
tax exemptions from various sectors and
an addition to the discretionary powers of
Mian Tariq Misbah said that the
government has withdrawn tax
exemption for fresh graduates and
investment companies. He said that
increase in local and foreign investment
and governments receive many times
more taxes.
The LCCI office-bearers said that at this
Pakistan’s IT exports are stagnant time when entire trade and industry is
tax machinery. around 1.4 Billion Dollars. Any Change trying hard to back on to feet, such
In a statement the LCCI President Mian in Tax Exemptions for the IT sector measures would put a reverse gear to
Tariq Misbah, said that the government would hamper its export their all efforts.
has withdrawan tax exemptions of Rs. competitiveness. They also feared that withdrawal of tax
140 billion and has also introduced more The LCCI President said that trade and exemption and discretionary powers to
than 75 amendments in tax rules and industry is going through difficult the tax machinery will put a halt to the
regulations. challenges to the Covid-19 which has investment which would hit the revenue
He felt that some amendments have already caused huge loss the business targets of the government.
conferred discretionary powers to the tax community.
collection machinery which would create T h e S e n i o r Vi c e P r e s i d e n t
problems for the business community. Muhammad Nasir Hameed Khan
They said that discretionary powers have and Vice President Tahir Manzoor
always remained a matter of concern for Chaudhry said that the countries
the businessmen. around the world have announced
The LCCI President said that after new special incentives and supporting
amendments, shop owners will be fined measures for their trade and
Rs.5,000 for not displaying tax numbers. industry in the wake of the
There will be Rs. 5,000 fine for those not pandemic.
filing tax returns or wealth statements. They said that relief measures like
tax exemptions always lead to an
LCCI appeals NCOC to consider
businesses while making decisions
P resident of the Lahore Chamber of
Commerce and Industry Mian
Tariq Misbah has said that it would
be easier to implement the decisions if the
stakeholders were consulted before
Tahir Manzoor Chaudhry, former
presidents Sheikh Muhammad Asif,
Muhammad Ali Mian, Former Vice
President Zeeshan Khalil, members of
He said that retail timing has been fixed
till 8 Pm in all other provinces while in
Punjab this timing has been reduced to 6
Pm. NCOC should issue uniform
the executive committee Khadim notification all over the country or at
putting lockdown and reducing working Hussain, Shahid Nazir, Abdul Wadood least retail sector should be allowed to
h o u r s . ‘ We w a n t t o s u p p o r t t h e Alvi, Imran Bashir, Haji Asif Sehar, operate in Punjab till 8 o'clock.
government in these difficult times, but representatives of Lahore markets Senior Vice President Nasir Hameed
the government should also take us into including Khalid Pervaiz, Mehboob Ali Khan said that reducing the time of the
confidence’. Sirki, Ashraf Bhatti, Sohail Butt and markets increases the rush which is
He was addressing an emergency press Naeem Mir were also present on the more likely to spread the coronavirus.
conference with representatives of the occasion. Therefore, the markets should be
business community at the Lahore The President LCCI said that at the allowed to remain open for a longer
Chamber of Commerce and Industry federal level, we have appealed to the period of time.
(LCCI) on the government's decision to Federal Minister Asad Umer and Lahore Chamber Vice President Tahir
close the markets at 6 pm and take a Provincial Minister Mian Aslam Iqbal Manzoor Chaudhry said that the
holiday on Saturday and Sunday. to reconsider the decision, they assured government always listens to the
Senior Vice President of Lahore Chamber regarding that the govt will review the Lahore Chamber and we hope that this
Nasir Hameed Khan, Vice President matter. time too our recommendations will be
heard
2021 26 LCNNew SOPs for inspection,
says DG PFA
P unjab Food Authority has formed
new SOPs in the last board
meeting for inspection of the units.
This was stated by the Director General
Punjab Food Authority Rafaqat Ali while
further training and refreshing courses.
The DG said that the Authority notifies
the regulations after aligning with the
international standards. “Punjab Food
Chaudhry said that Punjab Food
Authority should prepare the Food
Rules after consultation with
stakeholders.
He mentioned that these (food related)
Authority wants to bridge
speaking at a meeting at the Lahore communication gap with the rules should be uniform among all cities
Chamber of Commerce & Industry. LCCI stakeholders to make the things and other provinces of the country.
President Mian Tariq Misbah also spoke smoother”, he added. The LCCI Vice President said that the
on the occasion. LCCI President Mian Tariq Misbah business community associated with
The DG PFA said that under the SOPs, the said that the officials of Punjab Food food industry has to acquire six
Food Units having international Authority conduct raids without prior different licenses from various
standards would be given plan, their notice and sometimes, they come for departments to run their operations.
representatives would be taken on board inspection after normal working hours. This requirement of licenses should be
while having inspection and inspection The President said that Food rationalized. He proposed that
report would be shared. Technologists at Punjab Food Authority government should merge all the
He said that the Lahore Chamber of should be experienced and well aware relevant departments that issue food
Commerce & Industry has representation of the ground realities despite having related licenses into a single competent
in the board of PFA which gives approval Post-Graduate Degrees. He said that body. LCCI Executive Committee
for the rules and regulations. He said that only those degree holders should be Members Haji Muhammad Asif Sehar,
the Punjab Food Authority has appointed by PFA who have done Fiaz Haider, Dr. Riaz Ahmed, Wasif
specialized staff in food technology while related specialization. Yousaf, Mardan Ali Zaidi and Wadood
special attention is being given on their LCCI Vice President Tahir Manzoor Alvi were also present.
LCN 27 2021The Lahore Chamber of Commerce and Industry expressed sorrow over the demise of former
LCCI president Syed Mohsin Raza Bukhari.
LCCI President Mian Tariq Misbah, Senior Vice President Nasir Hameed Khan, Vice President
Tahir Manzoor Chaudhry and Executive Committee Members said that the entire business
community is depressed due to the sad demise of the former LCCI president.
Syed Mohsin Raza Bukhari was a great man and his services for the cause of the business
community would always be remembered. As Lahore Chamber's President, Syed Mohsin
Raza Bukhari had rendered matchless services for the cause of trade, industry and economy.
They said that the demise of Syed Mohsin Raza Bukhari was an irreparable loss. They prayed
to Almighty Allah to rest the departed soul in eternal peace and grant courage to the bereaved
family to bear this loss with fortitude.
2021 28 LCNThe LCCI President Mian Tariq Misbah, Senior Vice President Nasir Hameed Khan, Vice
President Tahir Manzoor Chaudhry and Executive Committee Members express deep
grief and sorrow over sudden demise of the LCCI Former President Irfan Qaiser Shiekh.
The Ofcer-bearers of the Lahore Chamber of Commerce & Industry paid rich tributes to
the services of Irfan Qaiser Shiekh and recalled that he always preferred work over her
health and had given priority to her commitments.
They prayed to the Almighty Allah to keep the departed soul in peace and let the family
bear this irreparable loss with fortitude.
LCN 29 2021WALL OF GLORY
Soon after assuming the charge, LCCI President Mian
Tariq Misbah in consultation with Mr. Nasir Hameed
Khan, Senior Vice President and Mr. Tahir Manzoor
Ch.Vice President, decided to honor LCCI Presidents for
their meritorious services for the promotion of trade and
industry. After detailed deliberation it was decided to
decorate this front part with the names of illustrious
persons who spared no effort to bring progress and
prosperity to our beloved homeland. Thank you very
much Sirs, as it were you who enabled the present
Executive Committee to work in harmony for the well-
being of business, fraternity. This plaque commemorates
the unveiling of “WALL OF GLORY” for admiration of
LCCI presidents, twenty February, 2021
2021 30 LCNPresident LCCI Mian Tariq Misbah presenting a Souvenir to President LCCI Mian Tariq Misbah meets Finance Minster Hammad Azher at the
Regional Director, NUML Brig. (R) Wajahat Hussain Sahi inauguration of Airlink Smart Phone Manufacturing Facility in Lahore
LCCI President Mian Tariq Misbah, President Chaman CCI Jalat Khan Achakai
President LCCI Mian Tariq Misbah presenting a souvenir to Secretary SVP Nasir Hameed Khan, VP Tahir Manzoor Ch and others visiting
Labour and Human resource department Dr. Ahmad Javaid Qazi One Window Smart Services facility established at LCCI
LCCI President Mian Tariq Misbah presenting a shield to
Ahmad Rauf, Director General, Input Output Coefcient LCCI Vice President Tahir Manzoor Ch with High Commissioner of Sri Lanka
Organization(IOCO) after a meeting at LCCI H.E. Vice Admiral Mohan Wijewickrama RSP VSV NDC during a meeting at LCCI
LCCI President Mian Tariq Misbah presenting a shield to Muhammad Afzal Khan,
SSP Operations calls on LCCI President Mian Tariq Misbah member UK Parliament. Senior Vice President Nasir Hameed Khan,
and VP Tahir Manzoor ch. EC Member Ms Uzma Shahid are present
LCN 31 2021LCCI President Mian Tariq Misbah, SVP Nasir Hameed Khan
in a group photo with provincial minister for commerce Mian Aslam Iqbal at LCCI
LCCI President Mian Tariq Misbah presenting
Senior Vice President Nasir Hameed Khan in a meeting
Souvenir to Speaker Punjab Assembly Ch Pervaiz Elahi
with a delegation of All Pakistan Anjumn-e-Tajran
President LCCI Mian Tariq Misbah presenting a souvenir to Ali Haider Zaidi, Minister for Maritime during his visit at LCCI.
LCCI Vice President Tahir Manzoor Ch and executive committee members are also present
LCCI President Mian Tariq Misbah presenting a shield to
LCCI Vice President Tahir Manzoor Ch with Chairman PTA Maj. General (R) Amir Azeem Bajawa at LCCI.
Minister for Railways Azam Khan Swati VP Tahir Manzoor Ch and EC members are also seen
2021 32 LCNFederal Education Minister Shafqat Mehmood with LCCI President Mian Tariq Misbah, SVP Nasir Hameed Khan,
VP Tahir Manzoor Ch. during a meeting at LCCI
LCCI President Mian Tariq Misbah, SVP Nasir Hameed Khan VP Tahir Manzoor Ch LCCI Vice President Tahir Manzoor Ch presenting a Souvenir to
photographed with delegation of Scientic Lab Association at LCCI Ambassador of Tajikistan H.E. Mr. Ismatullo Nasredin during his visit
LCCI Vice President Tahir Manzoor Ch presenting a Souvenir to LCCI President Mian Tariq Misbah and Vice Chancellor
Ambassador of Belarus H.E. Mr. Andrei Metelista during his visit UHS Prof. Dr. Javaid Akram signing a MoU at LCCI
President LCCI Mian Tariq Misbah, SVP Nasir Hameed Khan,
President LCCI Mian Tariq Misbah in a Group photo with Rafqat Ali DG PFA.
VP Tahir Manzoor Ch. Former President and Muhammad Ali Mian
Vice President Tahir Manzoor Ch and EC members are also seen
along with Naeem Mir at a Press Conference at LCCI
LCN 33 2021LCCI President Tairq Misbah, presenting a souvenir to H.E. Mr. Daniel Ramos, Ambassador of Philippines.
Vice President Tahir Manzoor Ch and Former Vice President Faisal Iqbal Sheik are also seen
Senior Vice President LCCI Nasir Hameed Khan attending
1st Board Meeting with Provincial Minister of Punjab for Industries, LCCI President Mian Tariq Misbah presenting a souvenir to
Commerce and Investment Mian Muhammad Aslam Iqbal Ambassador of the EU to Pakistan Ms Androulla Kaminara
organized by Punjab Board of Technical Education at PBIT.
after the Dinner hosted by EU Ambassador
LCCI President Mian Tariq Misbah, SVP Nasir Hameed Khan, VP Tahir Manzoor Ch and MNA Qaiser Ahmed Sheikh
at condolence reference in memory of former President Irfan Qaiser Sheikh at LCCI
LCCI Vice President Tahir Manzoor Ch in a group photo after orientation session on national Vice President LCCI Tahir Manzoor Ch Calls on
employment exchange NEX, Former Vice President Kashif Anwar is also president CCPO Lahore Ghulam Mehmood Dogar
2021 34 LCNLCCI President Mian Tairq Misbah, presenting a souvenir to H.E. Mr. Mthuthuzeli Madikiza
High Commissioner of South Africa Vice President Tahir Manzoor Ch is also present
LCCI Vice President Tahir Manzoor Ch in a group photo with participants LABARD presenting a Motor Bike to
of 48th Common Training Programme of Civil Services Academy a special Boy, LCCI Vice President Tahir Manzoor Ch is also present
President LCCI Mian Tariq Misbah is addressing a press conference along with SVP Nasir Hameed Khan, VP Tahir Manzoor Ch
and representatives of the Hotels and Restaurants sector at LCCI
LCCI Vice President Tahir Manzoor Ch. in a group photo after Awareness LCCI Vice President Tahir Manzoor Ch. at a Dinner hosted by
Session on Online Payment System using alternative delivery channel Sehikhupura Chamber of Commerce
by directorate of reforms and automation (Customs)
LCN 35 2021DEVELOPMENT OF AUTOPART INDUSTRY
19TH Century witnessed the development of Automobile Industry. This
Industry facilitated the movement of cargo and passengers, it got the necessary
momentum at the advent of 20th Century and soon automobile vehicles ruled
the world roads. New inventions and added facilities popularized the
automobile. Each year new models were introduced which accentuated the
demand for passenger cars. Outsourcing of autoparts for maintenance of
vehicles gradually developed the Autopart industry.
In 1947, when Pakistan appeared on the global map, mostly it consisted of
under developed areas. A few motor cars and passenger vehicles were plying in
big cities of Pakistan. Soon the imported automobiles found the way into
Pakistan.
Private sector apprehended the prospects of Auto Industry and Auto Parts
required for keeping the vehicles in working conditions.
MR. IFTIKHAR ALI MALIK
My Respected father (Late) Muhammad Shafi Malik, Sitara-i-Imtiaz, Founder PRESIDENT SAARC CHAMBER OF COMMERCE & INDUSTRY
FORMER PRESIDENT FPCCI & LCCI
Chairman, Guard Group also hit the idea of making autofilters locally as it was
the fast moving item. In those days local manufacturing was difficult because of
non-availability of technology and liberal import of auto parts. Likewise some other autoparts dealers tried to
develop those parts which involved simple technology. Gradually this industry made it self capable of making
quality autoparts and influenced the Govt to impose duties on the import of autoparts which are being
manufactured locally. It forced the assemblers of motor vehicles & tractors to out source their requirements.
Now the autopart industry has become very strong. It provides employment to thousands of people and save
foreign exchange of millions of dollars through import substitution.
Along with the growth of Automobile industry a number of allied industries also flourished. The Oil sector, in
particular, received huge push as oil is a basic fuel to run the automobiles. Oil Producing countries soon became
the richest countries. When the oil began to the used as the tool to earn high profits, efforts started to find an
alternate of fuel. Till the end of 20th century some auto manufacturers produced electric vehicles.
Pakistan, being short of oil and spending a large amount of foreign exchange earnings on import of oil welcome
this change. To promote sales of electric vehicles the Govt, has announced Electric vehicles Policy. It allows
small cars with battery capacity of 50 kWh and light vehicles with battery capacity of kWh concessionary rate.
Bigger Electric Vehicles cars will attract duty as per others cars. The question is whether Pakistan has developed
infrastructure required for electric vehicles like charging stations and do we have necessary 24 electricity hr,
available to charge cars.
Let’s hope that power plants that are being constructed under CPEC will help in this regard as well.
2021 36 LCNLCN 37 2021
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2021 50 LCN
APPEAL FOR HELP
Mr. Mukhtar Nawaz is suffering from Chronic Myeloid Leukemioa
concerned doctor has advised him for bone marrow Transplantation
Surgery. The estimated cost of the treatment is Rs. 35,00,000 [Thirty
Five Lac]. He is very poor person and son of a school teacher.
Anybody who is willing to help him.
Mr. Mukhtar Nawaz
Cell: 0300-4877040
A/c: 02080519231 Branch Code: 0024
Soneri Bank, Agha Khan University, Hospital Karachi.
LCN 51 20212021 52 LCN
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LCN 53 20212021 54 LCN
LCN 55 2021
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