A subsidiary of a British American Group (BAT), Pakistan Tobacco Company Limited has launched an initiative “Made in Pakistan”. The aim is to boost the economic conditions of the country. Many dignitaries including economist, business experts graced the event. Also, the British American Tobacco regional management was in attendance as well.
Advisor to Prime Minister on Commerce, Abdul Razzak Dawood was the Chief Guest of the event. He said that progress in Pakistan should focus on enhancing our commerce and trade.
Furthermore, he stated that Made in Pakistan initiative by PTC complements the ambition of the Prime Minister of “Making Pakistan business friendly” which will ultimately lead to increased exports and foreign remittances.
Furthermore, he said that the government is aiming to improve the ease of doing business to enhance not just foreign direct investment but also to create betterment in the balance of payment by enhancing the export base of Pakistan.
He revealed that PTC has contributed over PKR 400 billion in taxes in the last 5 years to the government because of its local operations.
Mr. Syed Javed Iqbal, the MD/CEO of PTC addressed the audience and said, “Pakistan Tobacco Company has always joined hands with the Government of Pakistan for making this country economically progressive and business-friendly.”
He stressed how the new export initiative will be launched by PTC that will strengthen the 7-decade long symbiotic relationship with the Pakistan government. He repeated the resolve of PTC to support the business environment in the country in line with the government’s vision.
Regional Director – the Asia Pacific and the Middle East and Member of the Management Board of BAT Guy Meldrum appreciated the decade long association with the Pakistan government.
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.”