ISLAMABAD: In a major initiative, Pakistan Tobacco Company Limited (PTC), a subsidiary of British American Group, launched export initiative “Made in Pakistan” to help bring economic prosperity and boot country’s exports.
Chief Guest of the event, Abdul Razzak Dawood, Advisor to Prime Minister on Commerce in his speech on Tuesday said Pakistan can progress by strengthening its commerce and trade base.
Made in Pakistan, by PTC will complement Prime Minister’s ambition of making Pakistan a business friendly county and would helpful in increasing exports and foreign remittances, the minister said.
He said incumbent government is trying to simplify procedures for doing business in order to attract foreign investment. This, he said, will improve the balance of payments by broadening of the exports’ base of Pakistan.
The minister disclosed that PTC has contributed more than Rs. 400 billion in taxes during the last 5 years to the government. ”We wish PTC the very best of luck in establishing a successful exports business”.
Syed Javed Iqbal,the MD/CEO of PTC, said Pakistan Tobacco Company has always joined hands with the Government of Pakistan for making the country economically progressive and business friendly.
He said new exports’ initiative, being launched by PTC, will go a long way in further strengthening PTC’s 7 decades 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 of Pakistan.
Guy Meldrum, Regional Director – Asia Pacific and Middle East and Member of the Management Board of BAT, appreciated PTC’s decades long association with the Government of Pakistan. PTC is one of the most successful among the markets in the region. He claimed the current export order to Middle East alone is expected to bring more than 50 Million USD in the start and this initiative will pave way towards newer and bigger export ventures in the country.
Dignitaries including economists, business maestros and important functionaries from the Government’s economic, investment and commerce teams attended the event to mark PTC’s new initiative. Regional management of British American Tobacco also attended the event.
