Latest news with #KorangiAssociationofTradeandIndustry
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
04-05-2025
- Automotive
- Business Recorder
DIG traffic suggests more fines for violation of rules
KARACHI: Deputy Inspector General (DIG) Traffic Karachi Pir Muhammad Shah has proposed increasing traffic fines in Karachi from June, aiming to curb violations and improve road safety. The proposal includes fines of Rs. 5,000 for motorcyclists, Rs. 10,000 for cars, Rs. 20,000 for buses, and up to Rs. 25,000 for heavy vehicles. Addressing members of the Korangi Association of Trade and Industry (KATI), Pir Muhammad Shah said that traffic problems cannot be resolved by penalties alone, but through public awareness, effective law enforcement, and cooperation between stakeholders. He further announced a strict proposal of a Rs. 100,000 fine for violation of one-way and wrong-side driving. He said violation of one-way and wrong-side driving is equivalent to attempted murder due to the dangers it poses. He emphasized that such behaviour would be treated as a criminal offence. To improve monitoring, Shah revealed that over 7,000 heavy vehicles in the megacity have already been equipped with GPS trackers, and the installation of four surveillance cameras in each heavy vehicle has been proposed mandatory. These will provide live monitoring of driver behaviour. Fines will be imposed on vehicles without cameras. He also said that traffic accidents are increasing due to overloaded heavy transport. Dumpers designed for 27 tons are carrying up to 80 tons, while trailers meant for 57 tons are hauling 120 tons of goods. This causes brake failures and leads to fatal accidents. The DIG informed that modern laboratories are being set up for drug testing of drivers, where six types of dope tests will be conducted. He also proposed mandatory 30-hour training for new driving license applicants under a new Karachi Driving Institute (KDI) initiative, to be launched in partnership with the private sector. A point-based license system is also being considered, where points will be deducted for each traffic violation. Once a certain limit is reached, the license will be suspended or cancelled, following international models. Shah also announced the introduction of a 'faceless ticketing system' starting next month. The system will initially cover Shahrah-e-Faisal, I I Chundrigar Road, and Saddar. Traffic violations will be detected through CCTV, and e-challans will be sent to vehicle owners. A 50% discount will be offered for payment within 14 days, while late payments will face additional penalties. The DIG pointed out that while the daily challan rate in Karachi is around 4,000, it is 17,000 in Lahore. He said low fines in Sindh contribute to weak law enforcement and greater violations. Speaking earlier, KATI President Junaid Naqi said that increasing traffic congestion in the Korangi Industrial Area is affecting industrial productivity. He cited the rising number of vehicles and ongoing development work on Jam Sadiq Bridge, Qayyumabad Flyover, and the Causeway as key issues. He said KATI is working with authorities to spread awareness about traffic laws and improve compliance. Copyright Business Recorder, 2025
Business Recorder
25-04-2025
- Business
- Business Recorder
Pak single-country exhibition in Ethiopia from May 15
KARACHI: Ethiopia's Ambassador to Pakistan, Dr Jemal Beker Abdula, has announced that a single-country exhibition featuring Pakistani products will be held in Ethiopia from May 15 to 17, 2025. This event aims to boost access for Pakistani goods into the wider African market. Speaking at meeting of Korangi Association of Trade and Industry (KATI), the ambassador revealed that Ethiopia is offering Pakistani manufacturers attractive incentives including a 10-year tax holiday for exports made from Ethiopia to third countries and up to 70% revenue support for investments within the country. Dr Jemal Beker Abdula described Ethiopia as a 'gateway to Africa,' emphasising that Pakistani industrialists could manufacture their products in Ethiopia and export them to regional and international markets. He highlighted the country's 98% renewable energy use, with electricity costing only around PKR 5.80 per kilowatt-hour, and free water supply for industries—creating a cost-effective production environment for accessing Africa's 1.5 billion-strong consumer base. More than 100 Pakistani brands and manufacturers are expected to participate in the exhibition, which will be inaugurated by Pakistan's Federal Minister for Industries and Commerce, Jam Kamal Khan. 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
