Latest news with #RehanNaseemBharara
Business Recorder
5 days ago
- Business
- Business Recorder
‘Turkish Airlines is ready to start direct cargo service from FIAP'
FAISALABAD: Turkish Airlines is ready to start direct cargo service from Faisalabad International Airport (FIAP) as soon as requisite infrastructure is provided, said Serekan Sonmez, Cargo Operation Head of the Turkish Airlines for Middle East & South Asia. Addressing the business community in Faisalabad Chamber of Commerce & Industry (FCCI), he underlined the importance of the aviation sector to capitalize the economic benefits in the wake of excellent brotherly relations between Pakistan and Turkiye. He said that currently Turkish Airlines was managing cargo operations from Islamabad, Karachi and Lahore while the next destination may be Faisalabad. He also briefed the participants about the Integrated Marketing Communications (IMC) project and said that movement of cargo was also ensured through sea and road in addition to the air. Rehan Naseem Bharara, President FCCI welcomed the Turk guest and thanked him for unconditional Turk support during the recent India Pakistan war. He said that Faisalabad was recognized as the textile hub just a few decades ago but now it has diversified its production and export portfolio as state-of-the-art tiles, automobiles, mobile phones, pharmaceutical and other industries have also been established here with local and foreign investment. He said that dry cargo of 40 ton per week was available in addition to the seasonal export of 60-to-70-ton fruits and vegetables from Faisalabad. 'This cargo is currently routed through other cities due to the absence of a cargo facility in this city', he said and added Faisalabad has a sizable passenger load. He said that Turkish Airlines could avail from this untapped potential by launching direct passenger flights and operating direct freight service. Tasneem Akhtar Airport Manager assured full passenger and cargo load for the Turkish Airlines if it starts its operation from FIAP. Muzammil Sultan Chairman FDPT, Kashif Zia of PHMA, Engineer Bilal Jamil of APBUMA, Nadeem Iqbal of Travel Association and Rehan Ashfaq also took part in the question-answer session while Jaffar Hussain, Regional Manager Cargo Punjab and Saqib Kareem, Regional Cargo Manager Islamabad Turkish Airlines responded to the different queries. Later Shahid Mumtaz Bajwa, Vice President offered vote of thanks while Rehan Naseem Bharara presented FCCI shield to Serekan Sonmez. The Cargo Operation Head of Turkish Airlines also presented a model of plane to the President FCCI. Earlier a documentary about FCCI was also screened. Copyright Business Recorder, 2025
Business Recorder
28-07-2025
- Business
- Business Recorder
Expo centre in Faisalabad is need of the day: FCCI
FAISALABAD: Expo Centre in Faisalabad is the need of the day to organize international level exhibitions to showcase quality products produced in this export city, said Mr. Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). Addressing the fifth meeting of FCCI Standing Committee on 'Council of Textile and Expo Centre' online, he said that efforts must be expedited in the right direction to materialize this objective as early as possible. He said that Faisalabad has emerged as the export hub of the country which was not only exporting quality textiles but also a long and diverse range of other products. He said that the expo centre would help our exporters to showcase their products in an internationally compliant environment. He appreciated the efforts of Bilal Jamil Convenor FCCI Standing Committee for the establishment of the expo centre in Faisalabad. Bilal Jamil briefed the committee about the progress made in this respect. The meeting discussed in detail the proper allotment of land for the expo centre and its related issues. The meeting was also attended by Dr Tanvir Ahmad Rector NTU, Mian Muhammad Latif, Bao Akram Regional Chairman APTPMA, Arif Ihsan Malik of APBUMA and Gulzar Naveed of APTMA. Copyright Business Recorder, 2025
Business Recorder
28-07-2025
- Business
- Business Recorder
FCCI advocates ‘visible' cut in interest rate
FAISALABAD: A visible cut in policy rate has become imperative to consolidate the economic achievements, reduce production cost, enhance exports and control inflation so that Pakistani exportable surplus could compete with their regional arch rivals in international markets, said Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). He said that the policy rate is already half in other countries and availability of cheap finances help them to give a quantum jump to their exports. 'On the other hand, high policy rate has become a major impediment as our cost of doing business has increased manifold'; he said and added that despite this disadvantage, our exporters are trying hard to compete at the international level. He said that the economy has witnessed signs of improvement due to the collective efforts of the Government and business community. 'International credit rating of Pakistan has improved and PSX touched a historically highest mark.' He said that similarly our exports have also witnessed increase while the current account remained surplus after 14 long years. He said that PKR is also now stable against the dollar while inflation has been contained to the lowest. He said that in these circumstances SBP should come out of over cautious prudence and instead adopt liberal policies to ensure cheap finances for businesses. 'It would help bring down the cost of production and spur productive economic activities.' He suggested that the policy rate should be brought down from current 11 to 6%. He said that it would not only fulfil the long pending demand of the business community to bring policy rate to single digit but also open new avenues of economic uplift on solid and sustained basis. Copyright Business Recorder, 2025
Business Recorder
23-07-2025
- Business
- Business Recorder
‘Businessmen should avail from Sindh Bank's packages'
FAISALABAD: Business community should avail from the lucrative and most competitive packages offered by the Sindh Bank, said Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). Talking to a delegation of Sindh Bank in his office, he said that Faisalabad is one of the most thriving industrial, commercial and export hubs of Pakistan. 'It has a large number of banks and the Sindh Bank is also included among them,' he said and added that it has recently introduced special packages for the SME sector and consumer banking. He urged upon the business community to enjoy these packages to fulfil their specialized banking needs. He appreciated the overall performance of Sindh Bank and hoped that it would help attract maximum news clients. The Sindh Bank team briefed the president FCCI about this bank and said that it has 331 branches in 169 cities across the country in addition to offering state of the art online banking facility. Copyright Business Recorder, 2025
Business Recorder
15-07-2025
- Business
- Business Recorder
FCCI chief visits Makkah Chamber: ‘Direct contacts between traders should be promoted'
FAISALABAD: Brotherly relations between Pakistan and Saudi Arabia must be translated into economic terms and in this regard direct contacts between the business communities of the two countries should be promoted on war footings, said Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). He was discussing matters of mutual interest with Abdullah Omer Qazi, Chairman Tourism Committee of the Makkah Chamber of Commerce & Industry during his visit to the MCCI in Saudi Arabia. He expressed satisfaction over the modest increase in trade volume between Pakistan and Saudi Arabia and said that private sectors of two countries should play a proactive role after improvement in trade cooperation at the government levels. Rehan Naseem Bharara invited the leadership of MCCI to visit FCCI. Abdullah Omer Qazi accepted the invitation and said that there were huge chances of investment in Pakistan and Saudi investors would exploit this available and untapped potential for mutual benefit. He particularly appreciated the establishment of the Special Investment Facilitation Council (SIFC) in Pakistan and said that it would open new avenues of direct foreign investment particularly from Saudi Arabia. He also explained in detail the vision 2030 of Saudi leadership and said that it would help the transformation of the Kingdom into a modern, dynamic and progressive country. Earlier Secretary General MCCI Dr Thamer Ahmad Baazeem received and welcomed the President FCCI. Later Rehan Naseem Bharara and Abdullah Omer Qazi exchanged shields of their respective organizations. Fahad Saud Damanhouri Director Business Development of MCCI, Hafiz Shafique Kashif former ECM FCCI and Chaudhary Kashif Nawaz Randhawa were also present during this meeting. Copyright Business Recorder, 2025
