Staff Reporter

KARACHI: Federal Minister for Law and Justice Barrister Dr Farogh Naseem said that services of Brands Foundation for the promotion of brands are commendable and should be fully appreciated by the government and private sector. He said that Pakistan’s development is conditional on Karachi’s development and the role of the Memon community in the country’s economic progress cannot be overlooked.
He expressed these views while addressing the Brand of the Year Award ceremony 2019, organized by the Brands Foundation at a local hotel Monday, where 140 national and multinational companies were awarded Brand Awards and seven Brand Icons.
On this occasion, President of the Karachi Chamber of Commerce and Industries, Agha Shahab Ahmad Khan, President of the Brands Foundation and former Federal Secretary of Election Commission of Pakistan, Kanwar Mohammad Dilshad, Chief Patron of the Brands Foundation and Chairman of the HMR Group, Haji Mohammad Rafiq Pardesi, Pattern Brands Foundation and CEO of Osaka Lights, Shamim Ahmed, Former Additional Collector Customs Dr. Shehab Imam, Group Director Brands Foundation Air Commodore (Retd) Inamullah Ehsan Sitara Imtiaz (Military) and CEO Brands Foundation Sheikh Rashid Alam were also present.
The event was attended by a large number of heads and representatives of various companies. Leading personalities of the country and prominent personalities from the business community were also present on the occasion. The award was presented to all the awardees by the Federal Minister for Law and Justice, Barrister Dr. Forough Naseem. Air Trophy and Certificates were presented by President of the Karachi Chamber of Commerce and Industry, Agha Shahab Ahmad Khan.
Barrister Dr. Forough Naseem also said that if we want to strengthen the economy of Pakistan, then more organizations like the Brands Foundation need to come forward and play a positive role. He said the defence of Pakistan is in strong hands and the present government is providing all possible facilities for economic development. All the problems of the business community will be solved on a priority basis.
He assured the business community that his doors are open 24 hours a day to help the community. He said that there was a time when Pakistan used to lend to Germany. Young people from the USA and European countries used to come to Karachi University to get an education. The policy of nationalization by Z.A Bhutto destroyed everything, and we are still enduring the shocks of this policy. Barrister Dr. Farogh Naseem said that economic stability could only be achieved by making the nation aware of the importance, usefulness, and necessity of brand empowerment.
The Brand of the Year 2019 ceremony was held on the occasion of Defence Day, which was a patriotic approach. He congratulated the winners and wished them all the best. He said that the private sector should also invest in the field of research. Today is the era of the knowledge economy, and success cannot be achieved without encouraging research and innovation.
Earlier, President of the Karachi Chamber of Commerce and Industry, Agha Shahab addressed the gathering. He said that the brand culture needs to be promoted in Pakistan. Brands Foundation’s efforts are going in the right direction, but we need to encourage the creative element in our brands further. By focusing on research and investing more, we can introduce local brands to the international market. The Chief Pattern of the Brands Foundation and Chairman HMR Group, Haji Muhammad Rafique Pardesi, said that the government’s policy for the construction industry had created a lot of potential for improvement in the sector.
Similar policies should be formulated for other sectors as well, and better opportunities should be provided to domestic investors so that an economic revolution can be brought in the country. As for the mineral resources in Pakistan, the government should formulate a clear strategy in this regard as well to attract investors to extract and develop mineral resources.
Taking the stage, President of the Brands Foundation and former Federal Secretary of the Election Commission of Pakistan, Kanwar Mohammad addressed the ceremony and said that the efforts of the business community for economic stability are commendable. The Brand Foundation has been promoting brand awareness in the country since its inception. We know that the path of development and prosperity of Pakistan passes through the world of brands. Our traders and industrialists are fulfilling their responsibilities in the best possible way. The need is to establish “good governance” in the country. If attention is paid, the dream of economic revolution in the country can finally become a reality.