Latest news with #UnitedBusinessGroup
Business Recorder
3 days ago
- Business
- Business Recorder
Need for apex chambers of Turkey, Iran & Azerbaijan urged
KARACHI: The leaders of the United Business Group (UBG) President Zubair Tufail, Central Leaders Khalid Tawab, Hanif Gohar and Syed Mazhar Ali Nasir and Malik KHuda Bakhsh have emphasized the need for the apex chambers of Turkey, Iran, and Azerbaijan to further intensify their interaction, bringing the business communities closer together. They believe that this will help to increase the volume of trade and investment between these countries, unlocking new opportunities for economic growth and development. The friendship between Pakistan and these countries is time-tested, and the UBG leaders believe that it is essential to build on this foundation to expand trade and economic relations. By working together, these countries can create a more prosperous and stable economic environment, benefiting the business communities and people of the region. UBG leaders welcoming the recent visit of the Prime Minister of Pakistan to Turkey, Iran, and Azerbaijan said that this visit has strengthened the bonds between the business communities of these countries, paving the way for increased interaction and collaboration in various sectors of business, investment, and joint ventures. During visit to these countries the Prime Minister had the opportunity to engage with the business communities of these countries, exploring new avenues for economic cooperation and growth. The UBG leaders believe that this visit will have a positive impact on the business landscape of the region, fostering greater economic stability and prosperity. As members of the Organization of Islamic Countries (OIC) and the Economic Cooperation Organization (ECO), these countries have a strong foundation for collaboration and mutual growth. The business communities of these countries can leverage these platforms to enhance trade and investment opportunities, and the UBG leaders and members are eager to explore these possibilities. Notably, the headquarters of the Islamic Chamber of Commerce and Industry (ICCI) and the ECO Chamber of Commerce and Industry (ECOCCI) are based in Karachi, providing a strategic location for facilitating trade and economic cooperation between Pakistan and its partner countries. Copyright Business Recorder, 2025
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
17-05-2025
- Business
- Business Recorder
Tanveer urges business community to end internal conflicts
KARACHI: S.M. Tanveer, Patron-in-Chief of the ruling United Business Group (UBG), said that the time has come for Pakistan's business community to unite. "We must end internal conflicts and think beyond small differences. We have tried to put an end to disputes with the opposition. Our aim should be for the FPCCI to draft the federal budget and present it to the government. If we set the policies, then no institution would dare ask us for bribes," he said. "If we stand united, we will become a powerful force." He made these remarks while addressing a dinner hosted by leading investor Aqeel Karim Dhedhi. During the dinner, Aqeel Karim Dhedhi and other guests paid glowing tribute to the Pakistan Armed Forces and pledged full support. S.M. Tanveer praised the military for its success against India. "The enemy country India is vile—it has killed our children. We are proud of our armed forces, who launched operations after Fajr prayers and concluded them successfully by Asr. India's entire plan to eliminate Pakistan has fallen apart." He added, "We have launched an economic war, and its results must be seen within the next five years. While global interest rates are 4–5%, Pakistan's remain at 11%, which must be reduced immediately." Chairman BMG Zubair Motiwala remarked, "If India is wiped out, there will be no Hindu country left in the world, but God forbid, if Pakistan is eliminated, there will still be 54 Muslim nations. India wanted to turn Pakistan into Gaza, but by the grace of Allah, He helped us. It's fine to celebrate with joy, but let us thank Allah and offer prayers of gratitude." He thanked Pakistan's close ally China for its unwavering support. "Pakistan was not created to perish; it will remain strong and stable. In times of national crisis, unity is our greatest strength. Now is the time for unity, not division. Not just the business community, but all political leaders must also come together and sign a Charter of Economy. Our share in regional trade is only 4%, and we must increase it." KCCI President Jawed Bilwani said, "In the war with India, Allah granted our armed forces success. The business community should offer two raka'ahs of prayer in gratitude. Members should also ask their families to do the same. Unity between the public and political parties must continue. We must pray for the country's development, survival, and security. The same spirit of unity and patriotism shown during the Pakistan-India tension is needed to solve all national problems." Khalid Tawab said, "We are proud of the strength our military demonstrated in just one night. With Allah's help, they proved the saying: 'One strike of the blacksmith is worth a hundred of the goldsmith.' The war has united us slightly, but we need to become one nation." Ahmed Chinoy praised Aqeel Karim Dhedhi for honouring the top military leadership. He paid strong tribute to Chief of Army Staff General Syed Asim Munir, Chief of Air Staff Zaheer Ahmad Babar, and Chief of Naval Staff Admiral Naveed Ashraf for their wise leadership, patience, and strategic competence in difficult times. The event was also addressed by Businessmen Group Chairman Zubair Motiwala, KCCI President Jawed Bilwani, Khalid Tawab, and Ahmed Chinoy. Notable attendees included former State Bank Governor and Pakistan Stock Exchange Chairperson Dr. Shamshad Akhtar, Arif Habib (Chairman, Arif Habib Group), Saqib Fayaz Magon, Aman Paracha, Asif Sakhi, Tariq Haleem, Rafiq Suleman, Abdullah Zaki, Mian Zahid Hussain, Rasheed Jan Mohammad, Asif Inam, Iftikhar Ahmed Sheikh, Younus Soomro, Abdul Sami Khan, Hassan Bakhshi, Malik Khuda Bakhsh, Faisal Moiz Khan, Anjum Nisar, Zubair Chhaya, Faisal Khalil, Rehan Hanif, Haji Ghani Usman, Abdul Rasheed Godil, Sharjeel Goplani, Naheed Masood, Rizwan Shahid, Nadeem Mahboob Magon, Shahid Javed Qureshi, Shakeel Ahmed Dhingra, and many other prominent business personalities. 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
