CPBC HOSTS A LUNCH TO RECOGNISE AND CONGRATULATE PACKAGES GROUP AND CHANTLER PACKAGING, CANADA ON THEIR JOINT VENTURE IN THE AREA OF HIGH TECH PACKAGING INDUSTRY.
CPBC welcomed Syed Haider Ali, Managing Director/CEO Packages Limited visiting Canada to participate in their first joint board meeting.
Syed Haider Ali spoke about their JV and acknowledged Chantler and the Ferguson Family for their professionalism, expertise, and specialization in this field. He was appreciative of the fact that they have found a great partner in Chantler and is keen to take this relationship to new heights. These sentiments were reciprocated by Mr. Roy Ferguson. Packages will continue to maintain the professionalism whilst providing them technical and financial support including the opening of world markets for their products.
Mr. Roy Ferguson who will continue to serve as the CEO of this newly formed CHANTLER PACKAGES. He was appreciative of the role of the Consulate General of Pakistan and the CPBC for providing the logistics and comfort level. He praised the Packages Group for its professionalism and the state of the art technology being used in their Global operations which were second to none.
Mohsin Masud, having served in Packages prior to immigrating to Canada, now the Head of Sales Canada at Chantler, was the key contact between the two companies. He acknowledged the mentorship and guidance of Syed Babar Ali and Syed Haider Ali during his time at Packages. He kindly acknowledged the role CPBC and the Consulate General of Pakistan played in facilitation in the initial stages leading to this merger.
To share this good news Senator Salma Ataullahjan congratulated everyone for making this a reality.
Canada Pakistan Business Council was acknowledged for their contributions in facilitating such contacts.
MP Salma Zahid, Co-Chair of the Canada-PakistanParliamentary Friendship Group assured the support of the Federal Government. She invited CPBC to be a part of their delegation under Parliamentary Group which is being planned in the foreseeable future.
Earlier Samir Dossal welcomed the guests and recounted the relations with Chantler. Samir acknowledged the support of Imtiaz Syed representing RBC, Corporate sponsor of CPBC and Mr. Farooque Dawood, the founding member of CPBC for his guidance when needed.
The session was interactive and the general consensus was that the success of Packages and other similar companies need to be highlighted and CPBC can continue to play a meaningful role to create these connections.
Closing the session Hon. Bryon Wilfert recognized the role of its directors and advisors and the key sponsors for their ongoing support for Canada Pakistan Business Council
Below are salient features of the Joint Venture.
MISSISSAUGA, ONTARIO – Chantler Packaging Inc. and Packages Lanka (Private) Limited (A subsidiary of Packages Limited, Pakistan) announce the creation of a joint venture, Chantler Packages Inc., which will carry on and grow the business operations of Chantler Packaging.
The joint venture represents the joining together of a major packaging company with a global footprint and a long-established Canadian enterprise with a history of innovation.
The new company, Chantler Packages, will assume the employees and operations of Chantler Packaging. The transaction took effect on June 30, 2017.
“We are excited to partner with Packages, a world-class producer of flexible packaging,” said Roy Ferguson, CEO of Chantler Packaging. “This joint venture will enable us to better serve our customers and increase our value to them.”
Packages Limited was established in 1956 in Lahore, Pakistan and is the largest packaging manufacturer in that country. A publicly-traded conglomerate with sales of CAD$322 million in 2016, Packages Limited manufactures folding cartons, flexible films, stand up pouches and tissue products. Its customers include global brands in the food, consumer packaged goods, and tobacco industries. It operates subsidiaries and affiliates in Pakistan, Sri Lanka, and South Africa. It has joint ventures with a number of international companies in the packaging and fast-moving consumer goods segments.
“The joint venture with Chantler offers us an entry to Canadian and North American markets, providing a long-term growth opportunity. Furthermore, it gives us a possibility to increase our agility and capability to serve our customers” says Salman Rehman, CEO, Packages Lanka (Private) Limited.
Chantler Packaging is a subsidiary of Chantler & Chantler Inc., which was founded in 1930 and has introduced many innovations to the Canadian packaging market. Located in Mississauga, the company produces flexible packaging for the food, pharmaceutical and industrial segments within Canada, the United States and elsewhere.
“Sindh Education City in Karachi is set to become Asia’s largest knowledge creation and education hub. The Government of Sindh is committed to developing a world class learning environment which will provide people an opportunity to study in some of the best Pakistani and foreign colleges, research and develop in state of the laboratories, building linkageswith industry and service providers and leveraging an unparalleled synergy across allstakeholders, unified to build a better world for our future generations. It is a matter of immense privilege for me to be a part of this significant development. I am very pleased to have the opportunity to engage with you through the office of CPBC and I look forward to collaborating with you.” Naheed Memon.
CPBC continues its ongoing interactions with Sindh Board of Investment to see how CPBC can support in promoting various sectors to achieve bilateral interests. In this connection, President Dossal and Chairman Naheed Memon have had various meetings and exchanges to promote Education and Agri-Food related sectors which can bring value to
SBI has strong conviction in the future of Sindh as an economic and energy hub of the region. It believes that the immense economic potential of Sindh requires sustained public-private collaboration and sees for itself a pivotal role in building such a relationship. SBI aims to bring public objectives closer to private aspirations.
The vision of SBI is to develop and promote an investment-friendly environment that boosts economic activity, brings value addition to all sectors of the economy and encourages public-private partnership for the socio-economic development of Sindh.
SBI has also engaged with private sector companies in Pakistan and Abroad resulting in setting up their businesses in Sindh province. To name some of them are: company, for investmentItalian Cement manufacturer in Sindh, Chinese scotch tape producer, a Danish egg pasteurization company, Chinese steel manufacturer, Audi-German Autcompany, UBER and many others.
The wide range of services provided by SBI includes providing information on the opportunities for investment and facilitating companies that are looking for joint venture partners. In this regard, SBI has been successfully inked a number of MoU`s with a number of foreign investors to invest in different sectors of Sindh.
SBI acts as a focal point of contact for prospective investors, both domestic and foreign, and act as a one-stop window to provide all necessary information and assistance in coordinating with other Government Departments/Agencies.
SBI assists companies and investors who intend to invest in Sindh as well as facilitates the implementation and operation of their projects. The wide range of services provided by SBI includes providing info for investment and facilitating companies that are looking for joint venture partners. SBI acts as a focal point of contact for prospective investors, both domestic and foreign, and act as one-stop window to provide all necessary information and assistance in coordinating with other Government Departments/Agencies
ACHIEVEMENTS OF SBI IN LAST THREE YEARS.
Sindh Education City (EC) project is one of the top most priority projects of the Government of Sindh. The EC is comprised of 8,900 acres in Gaddap town. Twenty local and foreign institutions have been allocated land to develop their academic campuses and some have completed their detailed design to commence construction of their campuses. The Master Plan of EC has been completed and approved by EC board headed by Honourable Chief Minister Sindh and has been placed within the Karachi City Master Plan. Spatial and administrative governance structure has been setup by the provincial assembly via the Sindh Education City Act 2012. Infrastructure development has begun. The construction of administration enclave is in progress. The detailed Rules & Regulation of EC Act 2013 are being prepared by a renowned law firm, besides Bye-Laws of construction by educational institutes in EC are under preparation.
SBI has initiated the Marble City Project in Karachi that has tremendous investment and growth potential for the entrepreneurs based on high-end industrial knowledge, innovation, and services. Marble City is planned over 300 acres of land along the Northern bypass. The land has been procured whereas Company with the name of Sindh Stone Development Company (SSDC) is formed under Article 42 of companies Ordinance for independent, efficient and effective execution of the Project. Topographical Survey and Lease Execution is in progress whereas Boundary Wall is to be constructed after completion of the topographical survey.
Special Economic Zones
Keeping in view the great success of SEZs around the world, the Government of Pakistan has passed Special Economic Zone Act, 2012. According to the Act, the supervisory for special economic zones shall be respective boards of investment in the provinces. Sindh Board of Investment is the supervisory authority for Special Economic Zones in Sindh. It is pertinent to mention that only three zones have been granted the status of Special Economic Zone by GOP and all of them belongs to Sindh which are following:
Khairpur Special Economic Zone
Bin Qasim Industrial Park
Korangi Creek Industrial Park
Entrepreneurship Development Programme
SBI signed MoU with Sukkur IBA and IBA Karachi to launch the Entrepreneurship Development Program (EDP) for the promotion of Agriculture in collaboration with the Institute of Business Administration, Karachi (IBA Karachi) and the Sukkur Institute of Business Administration (Sukkur IBA). The project was initiated as a pilot project with an aim to train 300 students. The program was aimed at designing and conducting a program on entrepreneurship along with hands-on training in order to prepare the rural youth of Sindh to develop their capacity to pursue agriculture business in their province. The pilot project of Entrepreneurship Development has been successfully completed during 2013-14 and shown positive impact on the community. People are getting aware of entrepreneurship and its importance, while a number of businesses and start-ups also increasing.
SBI is instrumental in promoting investment potential of Sindh among foreign and local investors. It has successfully market investment potential of Sindh through following international and local events:
Business opportunities forum in New York, 2016
Participation in Pakistan Business Forum in Rome, April 2016
Sindh Investment Trade Delegation To Germany April, 2016
Sindh Enterprise Development Fund Awareness Seminar, Sukkur
Sindh Investment Conference in Beijing and Shanghai– August- 2014
Western China International Fair -2013
Road Show in Republic of Turkey in 2012
Sixth Edition of Royal Date Palm Festival- UAE 2012
Mango Festivals UAE, Malaysia & Singapore – 2012 -13
Annual Investment Meeting-UAE – 2012 & 2014
International Halal Conference – 2011
Sindh Investment and Trade Forum, Beijing – November 2011
Korea Overseas Investment Fair (KOIF 2011)
Business Matchmaking Session, Seoul Korea – May 2011
Sindh Investment Conference in Seoul Korea – May 2011
Sindh Investment Conference – April 2010
Future Prospects and Investment Dynamics
Sindh Board of Investment SBI is at the upsurge of its promising journey of facilitation and promotion of investment in the province of Sindh for sustainable development and economic growth. Being primary agency of investment promotion in the provinces, SBI’s mandate is to make economy vibrant with the help of FDI and domestic investment besides maximum facilitation to the local and foreign investors.
To Market Sindh as Investment Destination
Sindh is the most attractive destination for the domestic and international investor. Sindh Board of Investment, SBI has played a vital role in the promotion of the investor-friendly image of Sindh via its marketing of Sindh strategy. The international conferences, delegations, roadshows are part and parcel of the comprehensive strategy of Sindh Board of Investment’s management.
Energy Sector & Mineral Resources
SBI is aware of present scenario of energy deficit that the country is facing and will continue to market Sindh as potential destination for projects of Wind, Solar, Coal, Bio-Gas, Waste to Energy, Tidal, Run of River (RoR) during marketing, our slogan is that solution to energy crises in Pakistan lies in potential of Sindh`s resources. Our massive marketing and vigorous pursuance has caused to land a number of investors to invest in Thar Coar blocks, Coal power plants, Wind, Solar & Run of River and attracted billions of dollars investment in the province. But we are planning to market other areas of energy production resources like Tidal power, Waste to Energy and Bio-gas in future
To promote Information Technology sector of Sindh and bring FDI in this sector via marketing of Sindh to make it potential industry to contribute to National GDP significantly.
Urban Development and Governance
To bring FDI and domestic investment in infrastructure development and setting up mega projects in Sindh via marketing strategy in the sectors of transport, road, and bridges
To promote tourism and bring investment to develop tourism resorts in Sindh such as Keenjhar Lake Resorts and Gorakh Hill project.
Sindh Board of Investment comprises of professionals who are striving hard to increase bilateral investment with different countries. We take this opportunity by mentioning one of the Director of Sindh Board of Investment Mr. Abrar Ahmed Shaikh who has served in various administrative positions with the Government of Sindh and has varied experience in various sectors of the economy especially in the areas of Project Management, Energy, Agriculture, Investment Promotion. He is one of the top notch officers available with the Sindh Government. He has complete grasp & knowledge of the job and maintained high standards for the institution.
Works as a consultant with BDO providing business expertise on a variety of subjects including financing, tax planning, reorganization, and mergers and acquisitions
Completed his Chartered Accountancy from England and Wales in 1974
Has over the years served as partner-in-charge of many mid-size and large private and international companies in different industries
Philanthropist, Mentor and Community Service
Has been a board member for various academic and professional bodies in CanadaMohammad Ashraf – CPBC Lifetime Achievement Award, 20Mr. Ashraf works as a consultant with BDO providing business expertise on a variety of subjects including financing, tax planning, reorganization, and mergers and acquisitions. He completed his Chartered Accountancy from England and Wales in 1974. Mr. Ashraf started his career with a mid-size Chartered Accountancy firm in Cardiff, South Wales, and has over the years served as partner-in-charge of many mid-size and large private and international companies in different industries.Mr. Ashraf has served on many boards for various academic and professional bodies in Canada. Philintropist and a mentor spanning over many decade. He has also been involved in many fundraising causes shown great leadership in integrating the community and has provided his auditing expertise free of cost for such causes.