Jayne Pilot, Vice President, CPBC chosen as one of Canada’s Top Board of Director candidates to impact Canada’s Corporate Boards and improve global competitiveness.

Jayne Pilot, President of Pilot Performance Resources Management Inc. was chosen as one of Canada’s Top Board of Director candidates to impact Canada’s Corporate Boards and improve global competitiveness. PhaseNyne (parent company of Women’s Executive Network-WXN,  with the Canadian Board Diversity Council and Stevens Resource Group, announced this January 16, 2018.   Jayne Pilot-DS Factor

To select the candidates,  the Council vetted the list through a process endorsed by 24 participating CEOs (Deloitte, Shell, Sun Life Financial, Goldcorp, Teck, FedEx, Suncor, CIBC, etc.) and executives (Diversity 50 Champions and Proxy Committee members).

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Jayne Pilot with Consul General of Pakistan Imran Siddiqui and Samir Dossal, President CPBC

 

 Jayne is Vice President of the Canada Pakistan Business Council and works in Global Business Management with large corporations in all business sectors (manufacturing, mining, utilities, waste management, food) and Trade groups.   Her background includes over 30 years in international standards,  policy,  business governance, strategic planning as a visionary and innovator,  risk management, sustainability, environment, quality, and health & safety.13 (1)

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CPBC promotes RI Convention, Toronto, June 23-27, 2018; partners with Pakistan Rotary District 3272

The President of Canada-Pakistan Business Council (CPBC), Samir Dossal was invited by Rotary District 3272  to be the Keynote speaker at the Rotary International Convention Promotional Seminar held in Lahore in September 2017.

Rotary Group

The seminar was organized by the vibrant Rotary District 3272 representing Northern Pakistan, currently led by their District Governor (DG) Pakistan, Faiza Qamar, a distinguished personality and the first woman DG in Pakistan. This event was well-attended and a number of distinguished Rotary District leaders spoke at the seminar. The entire event was professionally organised with a packed to capacity Convention Hall with presentations that included how to apply, what to expect, and expectations of Rotarian as Ambassadors of Pakistan

Rtn. Sajid Iqbal, Chair of the Convention Promotion Committee District 3272 began the evening by welcoming participants, guests, and fellow Rotarians and Rotractors.

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Mr. Sajid Iqbal, Chair RI Convention Toronto Promotion Committee.

 

The event was emceed by Saifullah Ijaz, Member of Rotary Club Lahore Crescent, who performed his role splendidly. Mr. Masrur J. Sheikh outlined the process to the attendees for registration for the upcoming convention in Toronto. He covered both online and manual registration processes in-depth for all to understand.

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Panel Discussion

 

Mr. Samir Dossal, President of CPBC, was the keynote speaker. He addressed the August gathering and spoke about the importance of developing ties between Canada and Pakistan, echoing the potential that lay in mutual cooperation and common goals of business development. Samir highlighted that the bilateral merchandise trade increased about threefold in the recent past to cross the $1.44 billion-dollar mark.

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CPBC President Samir Dossal, Past President Rotary Club of Richmond Hill

 

To support the RI Convention, CPBC will host its 35th Anniversary Annual Gala and Awards Night around the RI Convention, with special emphasis on Rotary Theme this year. Additionally, CPBC in collaboration and partnership with The Ministry of International Trade is planning to host a Seminar on Opportunities of Doing Business in Ontario and How the Government of Ontario can facilitate.

DGN Mubarak Ali Shahid presented the Vote of Thanks.

Final concluding remarks were presented by DG Faiza Qamar who emphasised on how Rotary IS Making A Difference and playing an important role in the eradication of polio.

 

Faiza Qamar DG
District Governor Faiza Qamar

 

Amongst the guest speakers were Mr. Abdul Basit, the President of Lahore Chamber of Commerce (LCCI). He addressed the audience and highlighted the huge potential that exists between Canada and Pakistan, which would result in strengthening their relations and benefitting people in both the countries.

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Mr. Abdul Basit, President, Lahore Chamber of Commerce

 

In a follow-up meeting, The Lahore Chamber of Commerce and Industry offered to join hands to support the Rotary International Convention being held in Toronto. The decision was made in a meeting between Mr. Abdul Basit, President LCCI, Mr. Samir Dossal, President CPBC, and Mr. Sajid Iqbal, Chair RI Convention Toronto Promotion Committee.  LCCI & Rotary District 3272 to collaborate and work on the modalities of a joint delegation. Furthermore,  Mr. Samir Dossal gave a detailed briefing to the President LCCI about the opportunities available in Canada on the economic front.

LCCI meeting
LCCI Meeting

 

Later at an exclusive lunch hosted by Canada’s High Commissioner to Pakistan Excellency Perry Calderwood expressed his appreciation towards the role of the Rotary in eradicating polio from the face of this Earth. Pakistan is one of the few jurisdictions where a final push is required to eliminate polio. He also advised the Rotarians to begin their Canadian visa process from February 10, 2018, to March 10, 2018, and assured them of the support and guidance from the High Commission in the application process.

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High Commissioner Perry Calderwood host CPBC/Rotary

 

Rotarian Sajid Iqbal is appointed by DG Qamar, to lead the District in mobilizing Rotarians to participate in the upcoming Rotary International Convention to be held in Toronto from June 22 to June 27. The RI Convention is expected to draw many Rotarians, it is expected that over 100 people will register from District 3272 alone.

Together we can make a Difference !!!

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Canada Pakistan Business Council and The International Trade Branch of the Ministry of International Trade host an interactive lunch in Honour of Pakistan Stock Exchange at the Ontario Investment and Trade Centre — DR. REZA MORIDI ANNOUNCES VISIT TO PAKISTAN

Dec 21 2017 CPBC Muneer Kamal

A ground-breaking event took place at the Ontario Investment and Trade Centre (OITC) in Toronto – titled “Pakistan, the Long View”. The event was dedicated to Pakistan and the Pakistani Stock Exchange (PSX), co-hosted by the Canada-Pakistan Business Council (CPBC) and the Ministry of International Trade (MIT). Mr. Akhil Tyagi, the Ministry’s Area Manager Asia/AustralAsia, International Programs Division opened the conference, speaking about the role of the government of Ontario, economic development, cooperation and highlighted that they did not only consider themselves as co-hosts with the CPBC but were “supporters for all time”.IMG_1988IMG_1803

Mr. Samir Dossal, President of the CPBC took the stage and set the tone of the event, which was excitement and anticipation. Highlighting the positive inter-governmental developments that had occurred previously, he added that 2018 would be a very good year for Canada-Pakistan relations. He recounted that in the past four years trade between Canada and Pakistan had increased from around C$400 million to nearly C$1.44 billion. Canada Pakistan Business Council was honoured to have played a role in strengthening the economic relations between the two countries. He expressed his excitement that Canadians were contributing to Canada Pakistan relations as both the previous managing director of Pakistan Stock Exchange, Mr. Nadeem Naqvi, and the incoming Managing Director, Mr. Richard Morin, are both Canadians. IMG_1932

Mr. Naqvi highlighted the progress that the Pakistani economy had made over time and encouraged Canadian companies to look at business and investment opportunities in Pakistan. He read the message of  Pakistani Consul General Mr. Imran Ahmed Siddiqui unable to attend due to personal reasons, highlighting the importance of the stock exchange and putting confidence in the incoming CEO of the PSX.

 

 

 

Mr. Muneer Kamal, Chairman of the PSX, and former Chairman of the National Bank of Pakistan, tuned-in from Pakistan. Mr. Kamal gave the outline of how the PSX reached where it was now amidst Pakistan’s history, geopolitics, and the challenges the country had faced domestically and internationally.

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Mr. Kamal highlighted the positive socio-political and economic developments which led to the continuing stabilization and normalization of the country. He furthered explained the transition of the Pakistani stock exchange that occurred in recent years wherein it was turned into a demutualized public company, consolidating three of Pakistan’s exchanges – Lahore, Islamabad, and Karachi – into one and finding strategic buyers for 40% equity stake in PSX from China consisting of China Financial Futures Exchange (CFFEX), Shanghai Stock Exchange and Shenzhen Stock Exchange. A significant development was Pakistan being reclassified into MSCI Emerging market Index in June 2017. These developments promised a very different and successful capital market in the coming years.

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Mr. Naqvi highlighted the growth of the middle class as a favourable business opportunity and the positive impact of CPEC on the local economy, employment and incomes was likely to be a game changer in Pakistan. He spoke on the long-term outlook for the Pakistan economy in terms of its locational advantages, attractive demographics of 200 million population, its markets, and resource base. It would be vital to notice rapid urbanization, the middle class, already 40 million strong and the rising consumer spending; the undocumented economy which was estimated to be 50% of the officially documented economy and intertwined with lack of financial sector penetration in rural areas and limited product choices. As a result, he estimated that while the official GDP was US$320 billion in 2017, the effective GDP was nearer US$480 billion and expected to reach US$600 billion by 2020. Already, real GDP growth was on track to achieve 6% in 2017-18 after having grown by over 5% in 2016-17.

Mr. Naqvi stated that the China-Pakistan Economic Corridor (CPEC) initiative by the Governments of China and Pakistan envisaged US$60 billion investments into infrastructure and power sectors over the next 15 years. UK and EU businesses are participating in a host of industries, Mr. Naqvi brought to attention the immense opportunities within the US$74 billion international trade of Pakistan for Canadian companies were there to export goods to and invest in Pakistan and the potential opportunity for Canada therein, discoverable through platforms such as CPBC.

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Mr. Richard Morin, the incoming Managing Director of the PSX, who hails from Montreal, spoke at length about his background and experiences. With his experience in the Montreal Stock Exchange and other exchanges in Africa, he saw immense opportunities as well as some challenges that he expected to face while in Karachi. He was very positive about developing the market in Pakistan and turning it into a strong and successful exchange. His vision to advance the PSX to the next level was highly ambitious and concrete with primary focus on investor protection, raising the investor base with secure and trusted investment options and bringing private businesses to list on PSX.

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The highlight of the event was when Honorable Dr. Reza Moridi, the Minister of Research, Innovation, and Science, Government of Ontario, announced that he would be visiting Pakistan in the near-future. He spoke about the potential for business and investment for both Pakistan and Ontario and how ties should be strengthened and promoted for the betterment of all parties. He noted the importance of the CPBC and MIT and greatly appreciated their efforts in enhancing Trade and bilateral relations. He thanked both for organizing this event. CPBC is honored that Dr. Moridi announced his visit at our CPBC Forum.

DR. REZA MORIDI ANNOUNCES VISIT TO PAKISTAN IN FEB 2018

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Mr. Samir Dossal delivered the vote of thanks, acknowledging Dr. Reza Moridi, Senator Salma Ataullahjan, Mr. Imtiaz Seyid of RBC  and other attendees and participants individually, and concluded that the PSX was in good hands with Mr. Morin and TEAM PSX and that 2018 would be another exciting year. Mr. Dossal welcomed the visit of Dr. Moridi to Pakistan and extended full support.

Thank you TEAM CPBC, its Directors, Advisors, Sponsors, Members, and Volunteers for making this a successful event. Credits to Hasan Siddiqui for this report.

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Rawalpindi Chamber of Commerce and Industry (RCCI) and Canada-Pakistan Business Council (CPBC) sign a Memorandum of Understanding (MOU) to further enhance bilateral relations between Pakistan & Canada

The Rawalpindi Chamber of Commerce and Industry (RCCI) and Canada-Pakistan Business Council (CPBC)     signed a Memorandum of Understanding (MOU) here on Tuesday.
President RCCI Raja Amer Iqbal and President Canada-Pakistan Business Council Samir Dossal signed and exchange documents.
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While commenting on the occasion, CPBC president Samir Dossal said that the major objective of this MOU was to promote bilateral trade ties and mutual benefits of the business communities of both countries. He said this agreement will help in promoting direct company-to-company linkages between CPBC and RCCI members.

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Both organizations will cooperate with each other to establish and develop direct and effective business relations between their respective offices and to facilitate arranging business to business (B2B) meetings on a reciprocal basis.

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Earlier, president Raja Amer Iqbal gave a short briefing on RCCI key initiatives, exhibitions, trade fairs, industry-academia linkages and Women Business Incubation Center (WBIC). He said that through this MOU information on Canadian, Pakistani Trade Fairs, missions, seminars and other business-related events will be shared to CPBC and RCCI members.

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Under the agreement, both organizations will work cooperatively to identify and explore business opportunities between Canada and Pakistan, including joint ventures, strategic alliances, and technology transfers.

Current President Zahid Latif extends Greeting and Invitation to CPBC to visit Pakistan

CPBC continues to work towards strengthening relations with various trade bodies and chambers. Amongst its many partnerships, CPBC enjoys its longstanding relations and MOU with the Federation of Pakistan Chamber of Commerce and Industries (FPCCI), Punjab Board of Investment and Trade (PBIT), Brampton Board of Trade (BBoT), Mississauga Board of Trade (MBOT), and others.

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Constellation: A great example of global cooperation and how Canada Pakistan come together

At the recent CPBC 34th Anniversary Gala, Mr. Dexter Salna of the Constellation Group shared his experience on their engagement in Pakistan.

Backdrop Slide_001

We are pleased to share his experience with you.

 

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Mr. Dexter Salna – CONSTELLATION GROUP

 

 

So how did Constellation open a division in Pakistan?

We did not plan to open an office, we happened to acquire a UK company with a division in Pakistan.

Gladstone PLC (UK) was acquired by Constellation, and their Karachi branch office of 12 people (operational since 2007) was subsumed in July 2010.  This may have been the extent of the branch office, but 2 years earlier, I had hired Bilal Mahmoud, a Canadian, with a Pakistani origin.  Bilal offered to move to Karachi to manage and build the branch office.

In my division, the group supplying software to Homebuilders was interested to add programming staff after a dramatic collapse of the US homebuilding industry.  We were able to hire quality staff in Karachi to assist in software development.  After the success in the homebuilding group, more software divisions decided to hire staff in Pakistan.  This spread further to other Constellation operating groups.

We now have 325 employees located in offices in Karachi and Lahore, and have demand for 45 more staff.  We support 53 different software products for development, quality assurance, IT support, customer support, professional service and assist the finance department in North America.CHS Perseus Group2 - FullQ

We support departments located in time zones from Vancouver to Sydney.

I have made 2 visits to Pakistan and many people that I interviewed told me that it was the best place to work in Karachi/Lahore. I am looking forward to accompanying CPBC in their next delegation to Pakistan.

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CPBC Hosted a Canada Pakistan ICT Conference last year

 

CPBC signs MOU with Mississauga Board of Trade (MBOT) as part of its outreach to bring value to all its partners and stakeholders.

19250853_1528104377239807_8395109911485830158_oIn an auspicious event on June 14th, 2017 held at the University of Toronto’s Erindale Campus’ Innovation Centre, a memorandum was signed between the Canada-Pakistan Business Council (CPBC) and the Mississauga Board of Trade (MBOT). After registration, breakfast and welcoming remarks the event provided an opportunity for the guests to network – sharing ideas and establishing connections to accomplish results. David Wojcik MBOT’s CEO spoke a few words before the signing of the MOU. All guests cherished the moment with the impressive speech given by CPBC president Samir Dossal who acknowledged the huge efforts made by the MBOT and its Government Relations Director Brad Butt; prizes were presented to people throughout the event by means of a lucky draw.

MBOT Samir&David

MBOT Brad&SamirApart from the CPBC president Samir Dossal, other members of the board included:

 

– Alam Khawaja, CPBC Director

– Naveed Hyder, CPBC Director

– Dr. Erum Siddiqui, Education Committee

– Aamer Khanzada, Pegasus CEO (ICT)

– Nadeem Chaudhary, Outreach Committee;

– Imran Gondal, Education Committee

MBOT CPBC group

MBOT proactively serves the interests of the business community in the City of Mississauga through methods such as advocacy and business development. MBOT is a progressive organization that is the “voice of business” in local and international markets for Mississauga.

Mississauga Board of Trade

MBOT Samir&David at podium

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CPBC is the leading private sector organization that aims to develop international business between Canadian and Pakistani companies. CPBC promotes commercial linkages between Canada and Pakistan and is an advocate for the various industries’ needs to the government. Canadian and especially Mississauga-based companies need reliable, accurate and timely information when it comes to potential business opportunities arising in Pakistan. Likewise, Pakistani businesses which desire to expand into the Canadian markets seek to find opportunities in the Greater Toronto Area – especially Mississauga.

 

There is a general lack of awareness among many Canadian companies on the potential of the business that is present in Pakistan and the capacity which Pakistan can deliver at when it comes to technology, products, and services. A strong Canada-Pakistan trade relation inherently requires the development of direct private sector linkages, business development and then deepening of investment relations between the businesses two countries. The opportunity is perfect as Pakistani companies are seeking to globalize their efforts and find partnerships in countries such as Canada.

 

The parties agreed to:

  1. Work cooperatively to identify and explore business opportunities between Pakistan and the Mississauga business community and beyond; including joint ventures, strategic alliances, and technology transfers.

 

  1. Promote direct company to company linkages between MBOT and CPBC business members.

 

  1. Develop ways that companies can reduce the risk of entering bilateral business relationships between Pakistan and Mississauga/Canadian markets.

 

  1. Advocate for policies to the Canadian government that lessen hindrance in the development of business linkages between Pakistan and Canadian companies.

 

  1. Be a forum for networking, exchanging ideas and information and advancing the interests of the MBOT and CPBC.

 

  1. Provide a business match-making service identifying opportunities between Mississauga and surrounding business areas and Pakistan to the banner of respective MBOT and C-PBC members and qualify potential collaborators.

 

  1. Access and offer market intelligence on business sectors, industries and companies to MBOT and CPBC members.

 

  1. Provide information on Canadian and Pakistan trade fairs, missions, seminars and other business related events to MBOT and CPBC members.

 

  1. Work collaboratively with Government to address members’ needs and the trade-related barriers they encounter.

 

There are a lot of aspects that will need to be addressed and so it is understood that all parties involved will take positive initiatives to carry on this partnership and jointly avail opportunities and funds. We look forward to signing and strengthening ties between MBOT and CPBC.

The event created many opportunities of networking and opened further opportunities in promoting education and educational institution which can mutually benefit countries like Pakistan.

Furthermore, in collaboration with the Consulate General of Pakistan, CPBC is reaching out in preparing a working paper related to skills and vocational training

19143870_1528104097239835_5065755499742696813_oMBOT1MBOT2MBOT3MBOT5_MG_6651

 

OICCI and CPBC collaborate to explore joint opportunities of Business between Canada and Pakistan.

Seminar: Sharing Experiences, Exploring avenues of cooperation in the Infrastructure development and power generation sectors in Pakistan

Organized by: Canada Pakistan Business Council (CPBC)

Event date: September 7, 2017

Venue: Ontario Investment & Trade Centre, TorontoFeature slide

 

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Key Participants:  Mr. Khalid Mansoor – CEO Hubco / President OICCI Overseas Investors Chamber of Commerce & Industry Pakistan, Mr. Akhil Tyagi – Area Director of the Trade Branch of Ministry of International Trade, Government of Ontario, Mr. Perry John Calderwood – High Commissioner of Canada to Pakistan, Mr. Imran Siddiqui – Consul General of Pakistan in Toronto, Dr. Shafiq Qaadri – MPP Etobicoke North, Ms. Wendy Cukier – Director Diversity Institute Ryerson University, Mr. Roy Fergussan of Chantler Packages, Mr. Brad BUTT, of Mississauga Board of Trade, Mr. Badar Shamim representing Brampton Board of Trade, Representatives of FPCCI, Business People etc.

Mr. Akhil Tyagi:

Mr. Akhil Tyagi opened the seminar by introducing himself and welcoming all the distinguished guests. He gave a brief of his Ministry’s role in capacity development, providing help in information dissemination, and establishing connections among relevant partners. Mr. Tyagi also mentioned that the Ministry leads business delegations to certain countries and help bridge trade and business gaps between Canadian and those countries. He welcomed the Mr. Khalid Mansoor, CEO Hubco & President OICCI and Excellency Perry Calderwood to the session visiting from Pakistan.20170907_103858

Mr. Tyagi thanked the participants for their presence at the event and invited Mr. Samir Dossal – President CPBC to the podium.

Mr. Samir Dossal:

Mr. Dossal thanked the guests for their presence at the seminar and appreciated the continuous support extended by Mr. Akhil Tyagi. He also mentioned that it is due to Mr. Tyagi’s support that CPBC has been able to connect with the Government of Ontario at various levels.20170907_104535

Mr. Dossal spoke about the support extended by H.E. Mr. Perry John Calderwood – High Commissioner of Canada in Pakistan for business developments and initiatives between Canada and Pakistan. He highlighted that due to the efforts of H.E. Mr. Calderwood and the Consulate General of Pakistan in Toronto, the trade between the two countries has exceeded $1.4 billion.

Mr. Dossal thanked Mr. Imran Siddiqui – Consul General of Pakistan in Toronto, Mr. Roy Ferguson of Chantler Packages, Mr. Brad Butt of MBOT, and representatives of FPCCI for their presence and their contributions towards the enhancement of bilateral relations. He further mentioned that he is scheduled to meet with the business communities during his two weeks visit to Pakistan, where he will encourage them for taking Canadian market as a lucrative business avenue. Mr. Dossal also acknowledged the role of HE Tariq Azim Khan, Pakistan High Commissioner in introducing Canadian Solar Companies to Pakistan.

Mr. Dossal then invited Mr. Imran Siddiqui – Consul General of Pakistan in Toronto to speak at the seminar.

Mr. Imran Siddiqui – Consul General of Pakistan in Toronto:

Mr. Siddiqui welcomed Mr. Khalid Mansoor and the distinguished guests and spoke about the benefit s of economic development. He mentioned that though $1.4 billion trade between Canada – Pakistan is not satisfactory and that there is an urgent need of working on building connections and establishing communication platforms. He further mentioned that the Consulate General of Pakistan has taken initiatives on innovation, science, and technology and is working towards useful collaborations between Pakistan and Canada in research and development; an initiative supported by CPBC. 20170907_105802

Emphasising on the growth prospects, he highlighted that Pakistan is an emerging market and has great potentials, which is the reason that China has made over $50 billion investments recently under CPEC. He further stated that CPBC can play its productive role in selling Pakistan’s case to the Canadian partners for improving trade relations in science, technology, and innovation.

Mr. Siddiqui re-iterated his full support and assured that the consulate general will give briefings to all those who are interested in trade with Pakistan.

He then thanked the participants of the seminar.

Mr. Samir Dossal thanked the Consul General and mentioned that such sessions and interactions will lead to positive developments towards improved trade and development between the two countries. He then invited Mr. Khalid Mansoor to the podium.

Mr. Khalid Mansoor – CEO Hubco / President OICCI Pakistan:

Mr. Mansoor thanked Mr. Samir Dossal and Mr. Akhil Tyagi for taking the initiative and giving him the opportunity to speak at the occasion. He gave an overview of the growing economic conditions of Pakistan for 2017-18, spoke on the country’s demography, and highlighted the three main contributors to the economy i.e. services (60%), agriculture (20%) and industry (20%) in Pakistan. Following are the key highlights of his detailed talk.20170907_110545

Established in 1860, OICCI Karachi is the oldest chamber of commerce in South Asia, which also has the honor of being the only chamber visited by Mr. Jinnah, the Founder of Pakistan. OICCI is the representative body of 193 foreign investors from 35 countries, employing over a million human resources and is the largest chamber in terms of the contribution to the economy. The chamber members account for to one-third of the total tax collected in the country.

OICCI and CPBC in principal have agreed to collaborate to explore and research on joint business opportunities in Canada and Pakistan and will work towards a structured Understanding subject to approvals between respective Management  Committees.

During the talk he highlighted the great energy potentials in Pakistan especially through coal, wind, and solar-based energy sources. Furthermore, Pakistan’s coal reserves are the cleanest in comparison with other coal-producing countries, whereas the current energy production through coal is ZERO. Keeping in view the huge coal reserves in the country and its low cost of energy production, the energy sector in the next couple of years, will not only move to this important source of energy but will also reach the potential of producing surplus energy.Fiscal Incentive of Pakistan Power Policy_001

Speaking of China Pakistan Economic Cooperation (CPEC), Mr. Mansoor mentioned that the CPEC is the game changer; gave details about the investments potentials in energy, infrastructure, and technology. Links being established from Gawadar seaport to Kashghar, covering all the major cities and establishment of 9 industrial and economic zones with fiscal incentives offered. Furthermore, the lucrative incentives offered by the government to industrialist were of great importance.

Thar coal is considered as the 7th largest in the world, which is currently 10% ahead of the project schedule. Phase I of the project is expected to be adding 2 x 330-megawatt plants by 2019, which will be further expanded to 4 more projects of 330 megawatts each in Phase II by 2020; the project is expected to be adding 4000 megawatts by the year 2025 to the national grid.

On the political arena, Pakistan has stabilized with stronger political set up; the present government will be the third consecutive 5 years term of political set up in the country. The security situation has improved to a great extent. Paramilitary forces have taken a front role in controlling the security situation and due to their concrete steps taken, more than 80% of foreigners are now comfortable coming over to Pakistan. Due to the strict measures taken by the Army and other law enforcement agencies, most of the board meetings of OICCI members are now held in the country especially in Karachi. It is also estimated that with the ongoing measures the GDP will soon grow up to 7%. The energy crises will be over soon and it is expected that by the year 2018, Pakistan will be adding 8000 – 9000 megawatts into the national grid.

SECP has remained very active due to which corporate governance has improved a lot. The tax system is being streamlined for which OICCI is also playing an important role. OICCI has formed a committee within itself which is closely monitoring the tax systems improvements. Based on the investment incentives offered by the government, Pakistan is considered as the most lucrative investment market in comparison with other regional countries like India, Sri Lanka, Bangladesh, Afghanistan, and Iran.

He reiterated that the current CO2 emission level of Pakistan is 163 million tons which is projected to reach to 236 million tons after the transformation of energy production from oil to coal. However, some of the high CO2 emission producing countries are, UK 448 million tons, India 2074 million tons, USA 5306 million tons, and China 9020 million tons.

The session ended with the Q&A session.

Mr. Samir Dossal thanked Mr. Khalid Mansoor for the detailed talk and invited the High Commissioner of Canada in Pakistan to speak on the occasion.20170907_122855

H.E. Mr. Perry John Calderwood spoke of his wonderful experiences in Pakistan and gave assurance that his office will do its best to improve the current business and trade situation with Pakistan. He acknowledged the growth of Trade exceeding $1.4 billion as a positive indicator in the right direction. He further mentioned that he has met with the business community in Pakistan and is overwhelmed to know of their interest in improving the trade and investment with Canada.20170907_123519

Speaking of the visa related issues, he assured that his office is doing its best to solve the problem and streamline it further. H.E. Mr. Perry assured that very soon visa related positive results will become visible and emphasised that his office is available for providing all-out support for improvement of trade and development between the two friendly countries.  He thanked President Dossal and CPBC for their proactive role.

Mr. Samir Dossal thanked H.E. Mr, Perry for his support and cooperation and invited Mr. Shafiq Qadri, MPP Etobicoke – North to speak on the occasion.20170907_124001

Mr. Qadri thanked the H.C. of Canada in Pakistan and Mr. Khalid Mansoor for their contributions. Highlighted that the Canadian companies are setting up businesses in Pakistan, especially in Karachi. Furthermore, direct flights have increased between Canada and Pakistan which has further supplemented the trade efforts between the two countries. He Thanked Mr. Samir Dossal and assured his support and cooperation for CPBC.

Mr. Samir Dossal ended the seminar thanking the participants and acknowledged Mr. Akhil Tyagi for his support.       13 (1)