Latest news with #JunaidNaqi
Express Tribune
14-05-2025
- Business
- Express Tribune
Industrial leaders hail armed forces
In solidarity with Pakistan's armed forces, a joint press conference was held at the Korangi Association of Trade and Industry (KATI), attended by presidents and officials from various industrial organisations. KATI President Junaid Naqi proposed that May 9 be observed as Unity Day, annually. SITE Association President Ahmed Azim Alvi stated that the Pakistan Army made the nation proud. FBATI head Sheikh Muhammad Tehseen said business leaders are fighting a war in the sphere of trade and industry.
Business Recorder
10-05-2025
- Business
- Business Recorder
KATI, BBSHRRDB to work jointly in order to develop skilled workforce
KARACHI: The Korangi Association of Trade and Industry (KATI) and the Benazir Bhutto Shaheed Human Resource Research and Development Board (BBSHRRDB) have agreed to work jointly to develop a skilled workforce tailored to the evolving needs of the industrial sector. During his visit to KATI, BBSHRRDB Secretary Munawar Ali Mithani highlighted that the Sindh government is actively revitalizing training institutions across the province to equip youth with modern skills aligned with local and international market requirements. The meeting was attended by KATI President Junaid Naqi, Senior Vice President Ejaz Sheikh, Vice President Syed Tariq Hussain, Hyderabad Regional Consultant Engr. Taimoor Sial, Sukkur Regional Consultant Suleman Dasti, Deputy Director Masooma Rizvi, and other prominent members and officials from KATI. Mithani emphasized the board's vision: 'Skilled and empowered youth for a peaceful, prosperous, and strong Pakistan.' He added that both literate and semi-literate youth are being provided with practical, employment-oriented training to transform their lives. 'The training programs are aligned with current industrial demands and future projections, enabling youth to find employment not just locally but globally as well,' he said. He also noted the importance of strong collaboration between the public and private sectors to expand the reach of technical and vocational education, and to raise awareness about its value among the general population. KATI President Junaid Naqi lauded the board's initiatives, stating, 'The country's industrial development relies heavily on a workforce that is not only skilled but aligned with modern industry standards.' He expressed confidence that the cooperation between KATI and BBSHRRDB would significantly benefit both the industrial sector and the youth, by creating dignified employment opportunities. Naqi further stressed the need to implement the Apprenticeship Ordinance 1962 and its 1966 rules, and to update them in line with current industry needs. Senior Vice President Ejaz Sheikh mentioned the presence of the National Institute of Leather Development (NILD), which could greatly benefit from BBSHRRDB's support. 'There is currently a shortage of skilled professionals in leather cutting, stitching, and pattern-making. The Tanners Association assures employment for trainees in these areas,' he said, adding that empowering women through skill development remains a top priority. Copyright Business Recorder, 2025
Business Recorder
25-04-2025
- Business
- Business Recorder
Turkiye: PM's visit to boost industrial collaboration: KATI
KARACHI: President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi has expressed confidence that Prime Minister's visit to Turkiye would open a new chapter in economic ties and play a pivotal role in strengthening bilateral trade and industrial collaboration. Welcoming Prime Minister Shehbaz Sharif's official visit to Turkiye, he called it a positive and timely development for enhancing economic cooperation between the two brotherly nations. 'Turkiye is a long-standing strategic partner of Pakistan, and in the current global environment, building on such strong relations is of vital importance,' he stated. He emphasized the need for practical steps toward achieving the $5 billion bilateral trade target, adding that last year's record-high trade volume of $1.4 billion was an encouraging sign of progress. 'We hope to see this momentum continue, particularly in key sectors like textiles, machinery, IT, and food processing,' he said. Junaid Naqi also pointed to Turkiye's interest in operationalizing the Islamabad-Tehran-Istanbul trade corridor, calling it a 'potential game-changer' that could offer Pakistani exporters easier access to European and Middle Eastern markets. 'We have high expectations from the meeting between Prime Minister Sharif and President Erdogan,' he added. 'If both leaders' vision is effectively implemented, Pakistan can witness a remarkable boost in exports, industrial output, and foreign direct investment.' Naqi concluded by expressing optimism about new opportunities for Pakistani industrialists in sectors like digital trade and energy, and urged that local industries must directly benefit from future partnerships with Turkiye. Copyright Business Recorder, 2025
Express Tribune
26-02-2025
- Business
- Express Tribune
Industrial sector demands electricity tariff to be set at Rs26 per unit
Listen to article The Korangi Association of Trade and Industry (KATI) President, Junaid Naqi, has urged the government to immediately reduce electricity tariffs to Rs26 per unit to ensure the survival of industries and stabilize the national economy, Express News reported. Naqi stated that excessively high electricity rates are severely affecting industrial production, employment opportunities, and business sustainability. He warned that Pakistan's industries are losing their competitive edge in global markets due to these rising costs. He called on the government to take immediate measures to bring electricity costs to a realistic level. He also urged that the benefits from renegotiated agreements with Independent Power Producers (IPPs) be directly passed on to consumers. Failure to reduce electricity prices promptly, he cautioned, would lead to industrial shutdowns, increased unemployment, and an economic crisis—challenges that the country cannot afford. Rejecting the 2600% increase in security deposits by power distribution companies (DISCOs), Naqi labelled the move as an unjust financial burden on industrial consumers. He argued that industrial consumers already pay 99% of their bills, making such an excessive increase entirely unjustifiable. He also criticised the National Electric Power Regulatory Authority (NEPRA) for reducing fuel adjustment charges by only Rs3 to Rs4 per unit in December and January, calling the cuts insufficient, unlawful, and unfair. He accused NEPRA of depriving Karachi's industries of their rightful relief without any formal decision, stating that such unauthorized deductions violate transparency and fair regulatory practices. He demanded an immediate reversal of these deductions to ensure that Karachi's industries receive their due relief. Additionally, he reiterated his call for electricity tariffs to be reduced to Rs26 per unit, the reversal of the 2600% increase in security deposits, and the full transfer of negative fuel adjustment benefits to consumers. The KATI president urged the government and regulatory authorities to implement urgent reforms to protect the industrial sector. He warned that Pakistan's industries are already under severe pressure, and if electricity tariffs are not reduced, the country could face irreparable damage to exports, employment, and overall economic stability. He expressed hope that the government would take swift and decisive action to prevent further damage to the industrial sector.
