Latest news with #SMTanveer
Business Recorder
21-05-2025
- Business
- Business Recorder
FPCCI UBG greets Gen Asim
LAHORE: S M Tanveer congratulated General Asim Munir on promotion to Field Marshal S M Tanveer, Patron-in-Chief, United Business Group (UBG), has congratulated General Asim Munir on his promotion to the exceptional rank of Field Marshal. 'On behalf of the United Business Group (UBG) and the business community, I extend my warmest congratulations to General Asim Munir on his promotion to the distinguished rank of Field Marshal,' he said, adding: 'This prestigious appointment is a testament to his exceptional leadership, unwavering dedication, and outstanding service to the nation.' He said the whole business community is confident that his continued guidance and vision will play a pivotal role in shaping the future of our great nation. As we celebrate this milestone, said Tanveer, we also reaffirm our commitment to contributing to Pakistan's economic growth and development. At UBG, we are driven by a shared vision to transform Pakistan into an economic powerhouse, akin to the Asian Tiger. We believe that with strategic planning, innovative policies, and collaborative efforts, we can achieve remarkable growth and prosperity for our nation, he stressed. Copyright Business Recorder, 2025
Business Recorder
18-05-2025
- Business
- Business Recorder
T O Act: Tanveer greets trade bodies for securing amendments
LAHORE: S M Tanveer, Patron-in-Chief, United Business Group (UBG), has extended his heartfelt congratulations to all Chambers and Trade Associations on their monumental achievement of securing amendments to the Trade Organisations Act, 2013. This milestone aligns perfectly with our collective aspirations and marks a significant step forward for our business community, he said. It may be noted that National Assembly of Pakistan has amended the Trade Organisations Act, 2013 as per the aspirations of the business community and removed the controversial provision. Thus, elections of all Chambers and Trade Associations will be held in September 2026, as per schedule, he said. Tanveer said he would like to extend special recognition to FPCCI President Atif Ikram Sheikh, Momin Malik, and Zaki Aijaz for their tireless efforts and unwavering dedication that made this achievement possible. Their exemplary leadership and perseverance have been instrumental in driving this initiative forward. He further said this accomplishment is a testament to the power of collaborative effort and strong leadership. I am confident that it will have a profoundly positive impact on our business community and contribute to the continued growth and development of our economy. Copyright Business Recorder, 2025
Business Recorder
10-05-2025
- Business
- Business Recorder
Business leaders greet COAS for giving India befitting reply
KARACHI: Patron-in-Chief of the United Business Group (UBG), S M Tanveer, extended congratulations to COAS General Syed Asim Munir and the Pakistan Army for giving a bold and powerful response to Indian aggression under Operation Buny?n Murs?s. He stated that the cowardly actions of India, which targeted innocent civilians under the guise of counter-terrorism, were met with dignity and full force by our armed forces. S M Tanveer added that the Pakistan Army exercised its right to defend the country, and through an effective counteroffensive, demonstrated professional excellence and a firm commitment to national security. By delivering a resounding blow to the enemy, the army has taught a lesson that future Indian generations will not forget. He further said that General Asim Munir has emerged as a national hero, and the nation acknowledges his courage, bravery, and leadership qualities. President of United Business Group Zubair Tufail and former Senior Vice President of FPCCI Hanif Gohar paid tribute to Pakistan's land, naval, and air forces, expressing strong solidarity with the brave soldiers who are standing firm on all fronts to defend the homeland. 'Our armed forces are our pride, and in such critical times, we stand united with them,' they said. Hanif Gohar also remarked that India has not only faced defeat on the battlefield but also on the economic front, as the IMF Board has approved a $2.4 billion loan tranche for Pakistan, thwarting all Indian efforts to block the deal. Malik Khuda Bakhsh, Convener of FPCCI's Energy Standing Committee, stated that Indian forces violated international laws by crossing the border and targeting dozens of innocent civilians, resulting in casualties. The Pakistan Army foiled the enemy's malicious intentions by launching a timely operation and shooting down Indian aircraft. He emphasized that the entire Pakistani nation is fully united and stands shoulder to shoulder with the army, ready to make any sacrifice for the country's defense. He further said that India's attempts to sabotage the IMF program have also failed, and now this program will help stabilize Pakistan's economy and put it on the path to long-term recovery. Copyright Business Recorder, 2025
Business Recorder
23-04-2025
- Business
- Business Recorder
Tanveer concerned over NHA blockade
LAHORE: The Patron-in-Chief of United Business Group (UBG) S M Tanveer has expressed concern over the blockade of the National Highway Authority (NHA) in Sindh, which has severely impacted the country's exports. According to recent statistics, Pakistan's exports have declined by 12% in the last quarter, partly due to logistical challenges. In a statement, he noted that the business community is anxious about the situation and uncertain about the way forward. 'The current blockade is not only affecting our export targets but also damaging the country's reputation as a reliable trade partner,' he added. The Patron-in-Chief emphasized that export consignments require uninterrupted movement to meet targets. 'We can't afford to lose more time and opportunities. The government needs to take immediate action to resolve this issue,' he stressed. Copyright Business Recorder, 2025
Express Tribune
25-02-2025
- Business
- Express Tribune
SM Tanveer demands tariff cut to Rs26/kWh
Listen to article United Business Group Patron-in-Chief SM Tanveer has urged the prime minister, energy minister and Special Investment Facilitation Council to announce a reduced electricity tariff of Rs26 per kilowatt-hour (kWh) for consumers at the earliest. This move is crucial in the wake of government's action against independent power producers (IPPs). According to Tanveer, the electricity tariff has already been slashed from Rs46 to Rs34 per kWh and the industry is now expecting a further reduction to Rs26 to maintain its productivity. He pointed out that the government had announced the termination and tariff revision of 27 contracts with the IPPs and an inquiry against wind mill projects was underway. The government will make savings of about Rs1.571 trillion in future payments to IPPs, which needs to be passed on to consumers forthwith. Tanveer dispelled the impression that the process was being slowed down, stating that the FPCCI leadership was in close contact with the authorities concerned and was hopeful that the tariff would be reduced to Rs26 per kWh by next month.
