Islamabad, May 02, 2019 (PPI-OT): Pakistan Tobacco Company Limited, a subsidiary of a British American Group (BAT), has launched its exports initiative “Made in Pakistan” to help bring economic prosperity to the country. The event was graced by various dignitaries including economists, business maestros and important dignitaries from the Government’s economic, investment and commerce teams. The regional management of British American Tobacco was in attendance too.
Chief Guest of the event, Advisor to Prime Minister on Commerce, Abdul Razzak Dawood said that progress in Pakistan can be driven by focusing on and strengthening our commerce and trade. He further stated the initiative of Made in Pakistan by PTC will also complement the Prime Minister’s ambition of “Making Pakistan business friendly” ultimately leading to increased exports and foreign remittances. He said that the government is aimed at improving ease of doing business to attract both foreign direct investment as well as improve the balance of payments by broadening of the exports base of the country.
He said that the PTC has contributed more than Rs. 400 billion in taxes in the last 5 years to the government due to its local operations.
While addressing the audience, Mr. Syed Javed Iqbal, the MD/CEO of PTC, said:
Pakistan Tobacco Company has always joined hands with the Government of Pakistan for making this country economically progressive and business-friendly.
He emphasized how this new exports’ initiative, being launched by PTC, will go a long way in strengthening PTC’s 7-decade long symbiotic relationship with the Government of Pakistan. He reiterated PTC’s resolve of continued support and efforts towards business in the country in line with the vision of the government.
Guy Meldrum, Regional Director – the Asia Pacific and the Middle East and Member of the Management Board of BAT, appreciating PTC’s decades-long association with the Government of Pakistan also lauded PTC for its being one of the most successful markets in the region. He said,
The current export order to the Middle East alone is expected to bring more than 50 Million USD in the start and this initiative will pave the way towards newer and bigger export ventures in the country.
For more information, contact:
Pakistan Tobacco Company Limited (PTC)
Serena Business Complex, Khayaban-e-Suharwardy,
PO Box 2549, Islamabad 44000, Pakistan
Category: General Business News