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Archive for the ‘Press Releases’ Category

Pak-India Businessmen commit to normalizing trade

Tuesday, July 2nd, 2013

Islamabad, July 01, 2013: Prominent Businessmen from Pakistan and India made a commitment, Saturday to work among themselves and through their respective governments for normalizing Pakistan India trade. This declaration was made at the concluding session of the 1st meeting of the Pakistan India Joint Business Forum (PIJBF). The Forum which comprises 15 prominent businessmen from each country has been notified by the governments of Pakistan and India. This body has been tasked with identifying the problems faced in cross-border trade and to come up with recommendations for resolving the same.

An Indian delegation led by Sunil Kant Munjal, Chairman Hero Corporate Services and comprising of Rajesh Bharti Mittal, Dr. Naresh Trehan, Deepak Amitabh and Vikramjit Sahney met their Pakistani counterparts in Islamabad over the weekend. Bashir Ali Mohammad the Vice Chairman from the Pakistani side while welcoming the Indian delegates cautioned about the very high expectations from the Forum by the various stakeholders. He stated that there were apprehensions in some sectors of the economy in Pakistan that trade normalization would lead to an influx of cheap & subsidized Indian products which would negatively impact the local industry and agriculture. Trade normalization, Bashir Ali Mohammad stated should be a win-win situation for both the economies. Responding to Bashir Ali Mohammad’s opening remarks, Sunil Kant Munjal the Co-Chair of the Forum agreed that trade normalization should be a win-win situation for all and that it was the task of the Forum to create the conditions for this win-win situation to occur. He thanked the governments on both sides of the border for creating the Joint Forum and hoped that the Forum would come up to the expectations of the stakeholders on both sides of the border. Finally he stressed that the consumer welfare element of trade normalization should be the given the priority it deserves.

The PIJBF decided to setup 10 sector specific taskforces comprising of not just members of the Forum but also prominent businessmen / experts from the respective sectors. These taskforces would be required within 60 days of their formation to come up comprehensive recommendations to address the problems being faced by businesses in their respective sectors vis-à-vis bilateral trade. The Forum after detailed discussions agreed to prioritize five sectors i.e. Agriculture & Agri products, Automobile and Engineering, Textiles & Textile Made-ups, Pharmaceutical and Education & Vocational Training. The Pakistani side besides Bashir Ali Mohammad, included, Abdul Razak Dawood, Sikander Mustafa Khan, Nauman Dar, Shabbir Diwan, Dr. Tariq Bucha, Iftikhar A. Malik, Dar, S.M. Muneer, Syed Nadeem Qamar and Noor Muhammad Kasuri. Senior members of the Ministry of Commerce led by the Secretary Commerce, Mr. Munir Qureshi assisted by Robina Akhter Joint Secretary also participated in the meeting along with senior representation from the Ministry of Foreign Affairs and Board of Investment. Gopal Baglay the Deputy High Commissioner and Jayant Khobragade Counselor at the Indian High Commission in Islamabad assisted the Indian side. Kamran Y Mirza, CEO of the Pakistan Business Council (PBC) and Samir S. Amir Director Research PBC, along with Supriya Banerjee, Deputy Director General Confederation of Indian Industry (CII) and Manish Mohan Director South Asia, CII also attended the meeting as both the PBC & the CII are the designated secretariats for the PIJBF.

The members of the PIJBF also called on the Prime Minister Mian Nawaz Sharif who assured the Forum of the Government of Pakistan’s commitment to the early normalization of trade between the two countries. He requested the members of the Forum to identify those areas in which progress could be made in the immediate future so as to build trust and support for normalization of trade.

The next meeting of the PIJBF will be held in September in New Delhi at which the taskforces will report back with progress in their respective areas.

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Emirates A380 to Serve Barcelona

Thursday, July 18th, 2013

Service operational from February 2014

Karachi/DUBAI, – July 17, 2013 - Following its successful launch in July 2012, Emirates has today announced it will commence a daily A380 service to Barcelona from 1st February 2014.
Increasing overall capacity by almost 44 percent, Emirates’ new 517 seat A380 service will be the first permanent A380 service to operate into Barcelona El Prat Airport, replacing the route’s existing Boeing 777-300ER service and offering 2198 additional seats per week between the two cities.

“Barcelona has been one of the most successful new destinations of 2012,” said Hubert Frach, Emirates Divisional Senior Vice President Commercial Operations West. “In line with this steady growth we feel that the time is ripe to announce the launch of our A380 service, which will continue to connect customers in Spain with Dubai as well as key destinations in Australasia, the Indian Subcontinent and the Far East.”
The new upgraded capacity will also offer strengthened support for popular markets from Barcelona, with the Emirates A380 servicing 12 destinations in Australia and the Far and Middle East, enabling customers to enjoy a seamless A380 experience.

In February this year Emirates’ popular A380 aircraft was welcomed into Barcelona El Prat Airport by hundreds of onlookers as the airline operated two ad-hoc A380 services to meet the destination’s burgeoning demand.

“The A380 has been a part of our fleet for almost five years and continues to peak customer interest wherever it flies. Introducing the A380 to Barcelona permanently will not only increase our capacity but will also further highlight our commitment to the city,” added Mr. Frach.

Since launching its inaugural flight to Barcelona last year Emirates has further committed to this dynamic destination with the five year sponsorship of the Barcelona Open Tennis Tournament earlier this year.
The 517-seat Emirates A380 offers 14 Private First Class Suites, 76 lie-flat beds in Business Class and 427 spacious seats in Economy Class.

First Class passengers have access to two Onboard Shower Spas, while all premium passengers on the upper deck can socialise in the Onboard Lounge. Passengers in all classes of service experience Emirates renowned hospitality, receive a generous baggage allowance and inflight Wi-Fi, as well as access to the industry-leading ice entertainment system which boasts up to 1,500 channels of films, TV programmes, games and music.

The Emirates A380 currently serves a total of 21 destinations with a further four destinations to launch in the next six months including Brisbane on 1st October, Los Angeles on 2nd December, Mauritius on 16th December and Zurich on 1st January 2014.
Emirates boast the world’s largest order of Airbus A380s with 35 in its fleet and a further 55 to be delivered.

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