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Trade bodies reject Sindh government s move to increase minimum wage

Daily Times July 30, 2021 KCCI-karachi-chamber-of-commerce-IndustryTrade bodies including the Karachi Chamber of Commerce and Industry (KCCI) have rejected the Sindh government’s move to increase minimum wages by 43 percent and called it an unconstitutional step with negative consequences. The KCCI issued a statement here and said industries of Sindh particularly of Karachi were highly aggrieved and perturbed by the Sindh government’s move to increase the minimum wage from Rs17,500 to Rs25,000 without following due process of law and contrary to the provisions of Sindh Minimum Wage Act 2015 and ILO’s minimum wages fixation convention 1970. The increase in the minimum wage would make industries of Sindh uncompetitive and unviable to operate, not locally but also globally, it stated, adding that minimum wage in the centre and Punjab was Rs20,000 while in Khyber Pakhtunkhwa (KP) and Balochistan it was Rs21,000 and the minimum wages fixed by Sindh were not equitable to the empl

Govt implementing agenda of economic stability: Dawood

Daily Times Advisor says Uzbekistan will prove to be a gateway for Pakistan to other Central Asian countries July 18, 2021 Adviser to Prime Minster on Commerce and Investment Abdul Razak Dawood has said that the government is successfully completing its agenda of economic stability. He was addressing a meeting of exporters at the Sialkot Chamber of Commerce and Industry (SCCI) here on Saturday. SCCI President Qaisar Iqbal Baryar, Senior Vice President (SVP) Khurram Aslam Butt, Vice President (VP) Ansar Puri, Chairman AirSial Airline Fazal Jillani, Chairman Sialkot International Airline Limited (SIAL) Khwaja Masood Akhtar (Sitara Imtiaz), SCCI former presidents and a large number of business community members were also present.

Govt to address garment sector woes

Govt to address garment sector woes Govt to address garment sector woes APP July 10, 2021 LAHORE: Punjab Minister for Industries and Commerce Mian Aslam Iqbal on Friday discussed the problems faced by the garment sector with a delegation of the Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) North Zone, led by its Chairman Adeeb Iqbal Sheikh. During the meeting, they discussed issues of property tax, city government tax, Water and Sanitation Agency (Wasa) and social security. The minister assured the delegation of resolving their genuine issues and directed the additional commerce secretary to coordinate with the departments concerned immediately to resolve the issues of the garment sector. “All dry ports of Punjab will be fully functional,” he declared.

Envoy vows more trade with Dutch

Envoy vows more trade with Dutch July 6, 2021 LAHORE: Pakistan’s Ambassador-designate to the Netherlands Suljuk Mustansar Tarar on Monday pledged to encourage Dutch investors to explore Pakistan for possible joint ventures and investment in conventional and non-conventional sectors. The newly-appointed Pakistani envoy said this during his visit to Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), where he held detailed discussions on value-added industry and export. “The efforts of PRGMEA in promoting value-added exports are commendable,” ambassador Tarar said speaking to the businessmen at the association’s office. He said the purpose of his visit to Sialkot was to enhance contacts and exchange information for the promotion of trade between Pakistan and the Netherlands. He showed keen interest in exclusive product lines of Sialkot, especially the footballs played in world cup.

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