KARACHI - Pakistan Coating Association (PCA) chairman Siraj Uddin visited the Federation Pakistan Chamber of Commerce & Industry (FPCCI) at the Federation House this week.
The acting president of FPCCI Suleman Chawla welcomed the association members for their visit to the Chamber. On behalf of FPCCI, he assured the PCA delegation to facilitate them in all matters and export of coating industry products.
He stated a lot of opportunities exist and emerging in CIS states, namely Azerbaijan, Uzbekistan, Tajikistan, Turkmenistan, also Afghanistan being our neighbours, PCA should target these markets to promote the coating business mainly focusing on exports. Through their good contacts with their counterparts and Pakistani consulates there, FPCCI can facilitate PCA in promoting the coating industry, Mr Chawla stated.
He offered, PCA to obtain research data information also on CIS states from the R&D Office in FPCCI on request. Mr Chawla informed the PCA team that FPCCI recently had sent a delegation to one of the CIS States, where PCA Members could also be included in the same delegation if they had approached FPCCI earlier. Talking about immediate opportunities for PCA, he apprised that URAN Chamber of Commerce plans to visit FPPCI shortly and an Export Exhibition is coming up soon in Indonesia, expect PCA to avail of these events.
Mr Chawla, suggested PCA, for aggressive marketing through a professional presentation including research data and numbers to the Secretary, of Commerce, Mr Sawleh Farooqui in the Ministry of Commerce and TDAP for promoting the coating industry. Also, PCA needs to participate in all events and activities being organized by Trade Organizations, including FPCCI, he said. Mian Nasser Hyatt Maggo, Former President, of FPCCI, asked PCA to provide details of the coating industry’s export-oriented products.
Addressing the house, Mr. Siraj Uddin, Chairman, PCA, thanked FPPCI for extending a warm welcome to the Association. Believing on PCA slogan “ Main Nahi Hum” he said let us all work together including FPCCI for the development of trade and business. He requested FPPCI for their guidance to PCA in promoting and developing the coating industry.
Mr. Muhammad Yousuf, Former Senior Vice Chairman, PCA, requested FPCCI to provide advice for promoting and enhancing new markets for coating products. Now that pricing are good in Central Asian Markets, Mr. Khalid Khanani, Former Senior Vice Chairman, PCA, seconded the idea for targeting CIS states.
Those attended the meeting were: Mr. Suleman Chawla, Acting President, and Mr. Nasir Magoo, Former President, from FPCCI. Mr. Siraj Uddin, Chairman, Mr. Muhammad Yousuf, Mr. Khalid Khanani, Former Senior Vice Chairmen, Mr.Musa Yahya Baghpatee, Usman Umer, EC Members and Mr. Iftekhar Rahat, Secretary, South Region from PCA.
Finally, the meeting was concluded by the Acting President, FPCCI, followed by presentation of souvenirs and flower bouquets by the PCA Officials.
Pakistani rupee advanced its winning momentum against US dollar, and other currencies in the open market amid strong economic cues.
On Saturday, the US dollar was being quoted at 285.15 for buying and 287.95 for selling.
Euro moves down to 309.9 for buying and 310.5 for selling. British Pound rate stands at 359.4 for buying, and 360.05 for selling.
UAE Dirham AED also moved down to 77.45 whereas the Saudi Riyal drops to 75.82.
|UK Pound Sterling||GBP||359.4||360.05|
|Hong Kong Dollar||HKD||36.38||36.48|
|New Zealand Dollar||NZD||173.44||175.44|
The price of gold fell by thousands of rupees as precious metal lost shine despite an upward trend in the international market.
On Saturday, the price of a single tola of 24-karat gold stands at Rs217,300 and 10 grams of 24k gold costs Rs186,300.
Meanwhile, single tola of 22 Karat gold costs Rs199,190, 21 karat rate costs Rs190,138 and 18k gold rate is Rs162,975.
Globally, gold prices hover at around $2072, gaining $32 on Saturday.
|Lahore||PKR 217,300||PKR 2,705|
|Karachi||PKR 217,300||PKR 2,705|
|Islamabad||PKR 217,300||PKR 2,705|
|Peshawar||PKR 217,300||PKR 2,705|
|Quetta||PKR 217,300||PKR 2,705|
|Sialkot||PKR 217,300||PKR 2,705|
|Attock||PKR 217,300||PKR 2,705|
|Gujranwala||PKR 217,300||PKR 2,705|
|Jehlum||PKR 217,300||PKR 2,705|
|Multan||PKR 217,300||PKR 2,705|
|Bahawalpur||PKR 217,300||PKR 2,705|
|Gujrat||PKR 217,300||PKR 2,705|
|Nawabshah||PKR 217,300||PKR 2,705|
|Chakwal||PKR 217,300||PKR 2,705|
|Hyderabad||PKR 217,300||PKR 2,705|
|Nowshehra||PKR 217,300||PKR 2,705|
|Sargodha||PKR 217,300||PKR 2,705|
|Faisalabad||PKR 217,300||PKR 2,705|
|Mirpur||PKR 217,300||PKR 2,705|