News
Chairman PIBC Interview on APP
Chairman PIBC Interview with UMT
20 May 2023
PM Modi holds talks with Ukraines Zelenskyy on G7 sidelines
PM Modi, who arrived in Japan on Friday, met Ukrainian President Volodymyr Zelenskyy on the sidelines of the G7 summit. This is the first meeting between the two leaders post the Russian invasion of Ukraine.
03 April 2023
PIBC declares 2023 as Economic & Political Diplomacy year
Pak India Business Council (PIBC) has declared 2023 as year of economic & political diplomacy. This was decided in an executive committee meeting of PIBC presided by its Chairman Noor Muhammad Kasuri, here today. Office bearers of different chambers of comcommerc & Industry and representatives of various trade bodies also attended the meeting. Speaking on the occasion Kasuri said that PIBC has completed 21 years while Pak India Joint Business Forum ( PIJBF) has completed 10 years since their inceptions. He said that the executive committee members have decided to make different arrangements, seminars, conferences and meetings as part of celebrations of the year 2023. The meeting also reviewed economic situation of Pakistan and various other issues including restoration of Pak India trade and stretched Cordial business and trade relation with India. Participants of the meeting prepared practical proposals to find out business opportunities forget Pakistani traders in different countries including, SAARC and Central Asian States.
27 March 2023
PIBC welcomes inviting Pakistan to SCO Summit
LAHORE: The Pakistan India Business Council (PIBC) has welcomed inviting Pakistan to participate in the Shanghai Cooperation Organisation (SCO) Summit, being held in Goa (India) on May 4-5 this year. In a statement, issued here on Sunday, the council appreciated Indian Prime Minister Narendara Modi for extending invitation to Pakistan for the SCO Foreign Ministers Summit. Chairman PIBC Noor Muhammad expressed the hope that the government of Pakistan would give positive response to the invitation. He said that meeting between high officials would pave the way for building an environment of confidence between the two nations. “This would help resolve disputes and bring prosperity in the region,” he hoped. He said that India had invited the UAE, Mauritius and other countries for the G 20 Summit 2023, being held in September this year, and urged it to invite Pakistan also to the crucial summit as well.
27 March 2023
SCO summit: PIBC praises Modi for extending invitation to Pakistan
LAHORE: The Pakistan India Business Council (PIBC) has welcomed inviting Pakistan to participate in the Shanghai Cooperation Organisation (SCO) Summit, being held in Goa (India) on May 4-5 this year. In a statement, issued here on Sunday, the council appreciated Indian Prime Minister Narendara Modi for extending invitation to Pakistan for the SCO Foreign Ministers Summit. Chairman PIBC Noor Muhammad expressed the hope that the government of Pakistan would give positive response to the invitation. He said that meeting between high officials would pave the way for building an environment of confidence between the two nations. “This would help resolve disputes and bring prosperity in the region,” he hoped.
20 March 2023
23 Feb 2023
President Biden Announces U.S. Nomination of Ajay Banga to Lead World Bank
Today, President Biden announced that the United States is nominating Ajay Banga, a business leader with extensive experience leading successful organizations in developing countries and forging public-private partnerships to address financial inclusion and climate change, to be President of the World Bank. Statement from President Biden: “Ajay is uniquely equipped to lead the World Bank at this critical moment in history. He has spent more than three decades building and managing successful, global companies that create jobs and bring investment to developing economies, and guiding organizations through periods of fundamental change. He has a proven track record managing people and systems, and partnering with global leaders around the world to deliver results.
14 Mar 2023
30 Jan 2023
IMF: Inflation Peaking amid Low Growth
The January 2023 World Economic Outlook Update projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024. The 2023 forecast is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook but below the historical average of 3.8 percent. Rising interest rates and the war in Ukraine continue to weigh on economic activity. China’s recent reopening has paved the way for a faster-than-expected recovery. Global inflation is expected to fall to 6.6 percent in 2023 and 4.3 percent in 2024, still above pre-pandemic levels.
25 Jan 2023
Chairman PIBC Noor Muhammad Kasuri on Haqaiq TV with Ehsan Batalvi
11 Jan 2023
World Economic Forum: Global Risks Report 2023
The world faces a set of risks that feel both wholly new and eerily familiar. The Global Risks Report 2023 explores some of the most severe risks we may face over the next decade. As we stand on the edge of a low-growth and low-cooperation era, tougher trade-offs risk eroding climate action, human development and future resilience.
10 Jan 2023
World Bank: Global Economic Prospects 2023
WASHINGTON, Jan. 10, 2023 — Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest Global Economic Prospects report.
2023
02 Dec 2022
PIBC would like to congratulate India on assuming the G20 presidency and on becoming the host of the 2023 summit and associated events.
02 Dec 2022
PIBC Congratulates Dr Asad Majid's posting as Foreign Secretary Pakistan
ISLAMABAD. Pak India Business Council (PIBC) has Congratulated Dr Asad Majid' on his posting as Foreign Secretary of Pakistan. Dr Asad Majid is a career and experienced diplomat said Chairman PIBC Noor Muhammad Kasuri expressed hope that Dr Asad Majid will utilize his abilities to protect and promote best interests of Pakistan. Kasuri said that the new foreign secretary of Pakistan is fully aware of importance of diplomatic relations among Pakistan, India and America and other countries of the world. PIBC Chairman further said that the new foreign secretary would play his important role to counter different challenges which Pakistan is facing on diplomatic, political and economic fronts. He said that dialogue is the only way forward for bringing India and Pakistan closer to each other, adding the new foreign secretary will make the dialogue as his first priority. He said that Pak India Business Council is an Influencial and leading trade lobby working for bringing economic prosperity in the region. Kasuri said that PIBC have ability to convince business communities in India and Pakistan that good neighbourly relationship is in best interests of both the nations. This will ultimately lead to better relationship between them, he added
25 Nov 2022
Upstream wrap-up: Aramco's project, ADNOC's deal
22 Nov 2022
US committed to boost trade, investment in Pakistan: Ambassador Blome
KARACHI: United States Ambassador to Pakistan Donald Blome has said he is committed to boosting bilateral trade and investment between the two countries under US-Pakistan Green Alliance which seeks to promote climate-smart agriculture and private sector-led growth in Pakistan.
21 Nov 2022
Qatar seals 27-year LNG deal with China as competition heats up
DOHA, Nov 21 (Reuters) - QatarEnergy has signed a 27-year deal to supply China's Sinopec with liquefied natural gas in the longest such LNG agreement to date as volatility drives buyers to seek long-term supplies.
16 Nov 2022
15 Nov 2022
President Biden met today with Prime Minister Modi of India and President Widodo of Indonesia on the margins of the G20 Leaders’ Summit in Bali to reaffirm their shared commitment to the G20 as the premier forum for international economic cooperation. Facing significant global challenges, the Leaders discussed how the G20 continues to demonstrate its collective capacity to bring together major economies to advance sustainable and inclusive growth in our economies and beyond, tackle the ongoing climate, energy, and food crises, strengthen global health architecture and promote technological transformation.
13 Nov 2022
US President Biden meets PM Hun Sen at 10th ASEAN-U.S. Summit in Phnom Penh
15 Nov 2022
US President Biden meets with world leaders at the G20 summit in Indonesia
2 Nov 2022
PIBC congratulates Mr. Subhrakant Panda as next FICCI presiden
PIBC would like to congratulate Mr Subhrakant Panda as the President-Elect of the Federation of Indian Chambers of Commerce and Industry (FICCI). He will succeed Mr Sanjiv Mehta as President of the apex chamber at the conclusion of the 95th Annual General Meeting to be held on December 16th-17th, 2022
26 Oct 2022
US secretary of state Blinken hosts in-person Diwali reception at State Department.
25 Oct 2022
PIBC congratulates Rt Hon. Rishi Sunak MP on becoming the new Prime Minister of the UK
23 Oct 2022
PIBC congratulates Indian leaders on Diwali. Islamabad, Oct 23:
Pak India Business Council (PIBC) has congratulated Indian President Shrimati Droupadi Murmu, Prime Minister Shri Narendra Modi, Foreign Minister Dr J. S. Shankar, Commerce Minister Shri Piyush Goyal, Opposition leaders Shrimati Sonia Ghandi, Rahul Gandhi and all Indians living in various parts of the world on festival of Indian people. Chairman PIBC Noor Muhammad Kasuri said this in a statement here on today.
He added that Diwali is a festival of love, peace and fraternity. He expressed hope that all segments of the society would celebrate it as day of human solidarity. Kasuri urges political leadership of India and Pakistan to further boost up their efforts for peace and stability in the region.
"Pleasant environment and improvement in bilateral relationship would enable political managers to divert resources towards health, education, infrastructure and other acts of public betterment", he added. PIBC would continue struggle for improvement in trade and political relations between India and Pakistan, the Chairman said, adding that "We consider it as a journey of truth and enlightenment and we would continue it".
23 Oct 2022
Indian PM Narendra Modi's diwali speech.
7 Oct 2022
PIBC seeks US role to develop Pak-Indo relation - Bol News.
LAHORE: Pak India Business Council ( PIBC) has urged the United States of America to play a role in the development of the business and trade relationship between India and Pakistan. Chairman PIBC Noor Muhammad Kasuri said while chairing the Executive Committee meeting of the body held here on Thursday in connection with 75 anniversary of Pak-US diplomatic relations.Kasuri said, “The United States being a common friend and influential world power can bring both the countries on table and enable them to improve their political and economic relations”.
12 Sep 2022
PIBC urges Pakistan, India to open trade - The Daily Times.
Pak-India Business Council (PIBC) Chairman Noor Muhammad Kasuri has called upon the governments of Pakistan and India to open trade for benefit of peoples of neighbouring countries. Talking to APP here on Sunday, he said that volume of trade between China and India was US$150 billion despite their differences in some areas. He said volume of US-China trade stood at US$750 billion, though they had clash of interests in many areas. “Why Pakistan cannot remove trade barriers with India,” he raised a question. He said economic cooperation between Pakistan and India was in the interest of both the nations. He said recent floods had devastated Pakistan’s economy and there was an urgent need of regional cooperation between the two neighbouring countries to rebuild its road infrastructure, economy, business and other sectors.
29 Aug 2022
PIBC urges debate on importance of trade with India - The Daily Times.
The Pak-India Business Council (PIBC) has urged the opinion leaders, parliamentarians, businesspeople, politicians and other sectors of society to start open debate on importance of Pak-India trade and business relations for economic stability in the region. PIBC Chairman Noor Muhammad Kasuri, while talking to APP on Sunday, said: “Let’s sit together and discuss pros and cons of suspension of trade between India and Pakistan.” He said that no-trade between two neighbouring countries was a loss-loss situation. He said the PIBC could play an important role in getting declared Pakistan and India most favoured nations for each other. He said due to concerted efforts by the PIBC, negative items list between Pakistan and India was reduced from 4,500 to 150 items. He said that both countries could exchange experiences in the fields of health, education, infrastructure, information technology and various other sectors. Ban on trade with India had resulted in loss of more than $10 billion to Pakistan in the past few years, he said.
15 Aug 2022
PIBC would like to wish all Indians a Happy Independence Day.
15 Aug 2022
PIBC would like to wish all Indians a Happy Independence Day.
14 Aug 2022
PIBC would like to wish all Pakistanis aHappy Independence Day.
22 Jul 2022
India extended 37 Line of Credit worth USD 14 bn to 5 countries in neighbourhood.
New Delhi: India extended a total of 37 Lines of Credit worth USD 14.27 billion to Bangladesh, Maldives, Myanmar, Nepal and Sri Lanka for 162 projects, the government told Lok Sabha on Friday. In reply to a question, Minister of State for External Affairs V Muraleedharan said another 222 Lines of Credit (LoC) worth USD 14.07 billion covering 357 projects have been extended to 42 countries in Africa.
14 Jul 2022
I2U2’s first summit, involving India, Israel, the UAE, and the U.S. takes place virtually.
13 Jul 2022
6 Jul 2022
US Special Representative on Business and Commercial Affairs Dilawar Syed meets with members of the Sialkot Chamber of COmmerce and Industry.
Karachi: July 6-9, 2022: U.S. Special Representative (S/R) for Commercial and Business Affairs Dilawar Syed visited Karachi July 6-9 as part of a visit to Pakistan that also included stops in Islamabad, Lahore, and Sialkot. In Karachi, S/R Syed met with government officials, industry leaders, innovators, entrepreneurs, and business journalists to further strengthen the economic partnership and bilateral trade between Pakistan and the United States.
1 Jul 2022
US Special Representative on Business and Commercial Affairs Dilawar Syed called on Foreign Minister Bilawal Bhutto Zardari today.
18 May 2022
US Secretary of State Blinken meets Pakistan’s Foreign Minister Bilawal in New York.
06 May 2022
US Secretary Blinken calls Pakistani Foreign Minister Bilawal Bhutto Zardari.
11 Apr 2022
PIBC welcomes the new Prime Minister of Pakistan, Mr. Shehbaz Sharif
Mar 2022
USA President Joe Biden delivers the State of the Union address.
Feb 2022
The Pak India Business Council welcomes the appointment of Dilawar Syed as the US government Special Representative for Commercial and Business Affairs.
Dec 2021
The Pak India Business Council welcomes the nomination of the Honourable Donald Blome as the Nominee to be the US Ambassador to the Islamic Republic of Pakistan. We look forward to working with the ambassador in improving bilateral economic ties and linkages between the US, Pakistan and India.
Apr 2016
2016
Head of Delegation to Medanta Hospital in New Delhi – 2016
In 2016, Mr, Kasuri was the head of a delegation that visited the Medanta Hospital in New Delhi, a visit that was hosted by Dr. Naresh Trehan as part of an initiative to better bilateral cooperation between Pakistan and India in the health sector.
Feb 2016
Mr. Noor Muhammad Kasuri, Chairman PIBC, attended a reception hosted by the Pakistan High Commission to India, alongside public and private sector leaders from Pakistan and India including Mr. Sunil Kant Munjal, Chairman Hero Corporation India and others.
29 June 2013
Mr. Noor Muhammad Kasuri meets the Hon. Prime Minister of Pakistan, Mr. Nawaz Sharif during the first meeting of the PIJBF.
29 June 2013
The first meeting of the Pakistan India Joint Business Forum, an organisation of business and government leaders from Pakistan and India that PIBC was instrumental in founding, is held in Islamabad, Pakistan. Chairman of the Pak India Business Council and founder of the Pakistan India Joint Business Forum attended the meeting with delegates from Pakistan and India, including a meeting with the Hon. Prime Minister of Pakistan, Mr. Nawaz Sharif.
Coverage of this meeting:
http://www.brecorder.com/market-data/stocks-a-bonds/0/1204456/
13th March 2013
During the meeting between the Commerce Ministers of Pakistan and India on April 13, 2013, it was agreed that a Joint Business Council would be constituted with prominent business persons nominated by each country. The Ministry of Commerce, Government of Pakistan has appointed 15 prominent business persons for the Pakistan– India Joint Business Council. Similarly, the Ministry of External Affairs, Government of India has also appointed 15 prominent business persons, lead by Mr. Shri Sunit Kant Munjal with institutional support from CII. The members are listed as follows:
From Pakistan (note: the sector is mentioned in the parentheses)
- Mr. Bashir Ali Muhammad, Chairman,
Gul Ahmed Textile (Textile)
- Mr. Muhammad Ali Tabba,
CEO, Lucky Cement (Cement)
- Mr. Abdul Razak Dawood,
Chairman, Descon Engineering (Engineering)
- Syed Hyder Ali,
Managing Director, Packages Limited (Packaging)
- Mr. Nauman Dar,
President & CEO, Habib Bank Limited (Banking & Financial Services)
- Mr. S. M. Muneer,
Chairman, Din Group of Industries (Leather)
- Mr. Iftikhar Ali Malik,
Owner, Guard Group of Companies (Rice/Agriculture)
- Dr. Muhammad Tariq Bucha,
President, Farmers Associates (Agriculture)
- Mr. Islam Saleem,
Chairman, Security packers (Ports & Shipping)
- Mr. Tariq Rafi,
Director, Siddiqsons Denim Mills Limited & Canvas Company of Pakistan (Pvt)
Director, MCB Bank (Banking/Textile)
- Syed Yawar Ali,
Chairman, Nestle Pakistan (Agriculture & Dairy)
- Mr. Shabbir Diwan,
Director, Gatron Industries Limited (Chemicals)
- Dr. Syeed Nadeem Qamar,
President, Sindh Chamber of Agriculture (Agriculture)
- Mr. Noor Muhammad Kasuri,
Chairman, Pak India Business Council
Chairman, Petronet Holding (Petroleum & Gas)
- Mr. Ilyas Bilour,
Member Senate, Pakistan
From India
- Mr. Sunit Kant Munjal,
Past President, CII and Chairman, Hero Corporate Services Ltd.
- Mr. Ajay S. Shriram,
Vice President CII and Chairman & SMD, DCM Shriram Consolidated Pvt Ltd.
- Mr. Hari S. Bhartia,
Past president, CII and Co–Chairman & MD, Jubiliant Life Sciences Ltd.
- Mr. Rakesh Bharti Mital,
Vice Chariman & MD, Bharti Enterprises Ltd.
- Dr. Naresh trehan,
Chairman & MD, Medanta – The Medicity
- Mr. Deepak Puri,
Chairman & MD, Moser Baer India Ltd.
- Mr. R. S. Pawar,
Founder & Chairman, NIIT Group of Companies
- Mr. Pratip Chaudhuri,
Chairman, State Bank of India
- Mr. Sudhi Vasudeva,
Chairman & MD, ONGC Ltd.
- Mr. Onkar S. Kanwar,
Chairman & MD, Apollo Tyres Lrd.
- Mr. Rajan Bharti Mittal,
Vice Chairman & MD, Bharti Enterprises Ltd.
- Mr. Hash Pati Singhania,
Managing Director, JK Paper Ltd.
- Dr. Jyotsna Suri,
Chairman, FICCI Committee on Tourism & Director, Bharat Hotes Ltd.
- Mr. Vikramjit Singh Sahney,
President, SCCI & MD, Sun International Pvt. Ltd.
- Mr. Tautra Narayan Thakur,
Chairman & MD, PTC India
In the Press
8 May 2012
Mr. Noor Muhammad Kasuri, President of the Pak India Business Council, recently returned from a visit to India and met with political and business leaders in India. This visit was very succesful and was covered in the India press by the Press Trust of India, Ecomic Times and NDTV, amongst many.
Express Tribune / International Herald Tribune
3 April 2012
Pak India Business Council would like to congratulate the Trade Development Authority of Pakistan on their Lifestyle Exhibition in New Delhi, India.
9 February 2012
Pak India Business Council would like to heartily welcome the Indian delegation to Pakistan. The Indian trade delegation, led by the Honorable Commerce, Industry and Textile Minister, Government of India, Mr. Anand Sharma, is to visit Pakistan on 13 February to further normalise process and developm better trade relations between the two countries. An Indian CEOs delegation led by Mr R V Kanoria from the Federation of Indian Chambers of Indian Chambers of Commerce and Industry, FICCI, will be part of the Indian delegation.
9 February 2012
“India Show” at Lahore, Pakistan from 11 - 13 February 2012, is a unique opportunity for the Indian & Pakistani business community to strengthen the trade relations. A three day event, India show will be a platform to ‘showcase the excellence of Indian business across sectors' and will enthuse bilateral trade and investment between the two countries with fresh vigour.
An initiative of Federation of Indian Chambers of Commerce & Industry (FICCI) jointly with the Ministry of Commerce and Industry, Govt. of India, in partnership with Trade Development Authority Of Pakistan (TDAP) & other counterpart Chambers in Pakistan, ”The India Show” at Lahore, Pakistan is a unique opportunity for the Indian business communities to showcase their products and services in Pakistan.
On this occasion FICCI is mounting an Indian CEOs delegation led by Mr R V Kanoria, FICCI President, to accompanying Mr Anand Sharma, Hon'ble Commerce, Industry and Textile Minister, Government of India during his visit to Pakistan (Lahore, Karachi & Islamabad) from 13th to 15th February, 2012. This historical visit of an Indian Commerce & Industry Minister is taking place after a gap of nearly three decades. This is at a time when both the Governments of India and Pakistan are working towards normalizing the trade and economic relations, advocating and promoting business to business synergies.
A mega-event with a flavour of Exhibition, CEO's mission, B-2-B meetings, Culture shows & Cuisine, India Show- Lahore is the place to be!!
Event Schedule
India Show Exhibition – 11 – 13 February 2012
CEO's Mission – 13 – 15 February 2012
For more information visit the India Show website.
30 January 2012
Reception to be held in honour of Makdoom Amin Fahim Senior Federal Minister for Ministry of Commerce.
16 January 2012
Pak India Business Council website is launched.
16 January 2012
Pak India Business Council launches its new website.