PSPA/MTG-09/02/2024                                                                            April 03, 2024

All PSPA Members.

Subject: – MINUTES OF THE MC MEETING OF PSPA HELD AT OFFICE OF

                THE ASSOCIATION AT 8 P.M. ON April 03, 2024.

1. The subject meeting was chaired by Chairman PSPA Mr. Muhammad Hashim.

Minutes of this meeting are enclosed herewith;

2. The following were present: –

1. Mr. Muhammad Hashim                     Chairman-PSPA
2. Sh. Nadeem Anwar                             CEO-H.H Cold Rolling Industries 
3. Sh. Muhammad Akif                          Director-Pakistan Pipe Industries                 
4. Sh. Muhammad Tayyab                      Director-Pakistan Pipe Industries        
5. Mr. Waqas Khalid                              CEO-Khalid Pipe
6. Mr. Rehan Khalid                               Director-Khalid Pipe  
7. Mr. Kashif Inayat                               CEO-Inayat Pipe Industries
8. Mr. Humayun Inayat                          Director-Inayat Pipe Industries
9. Mr. Haider Nadeem                            CEO-A.N. Industries
10. Mr. Hamza Nadeem                           CEO-A.N. Pipe Industries
11. Mr. Shahzad Farooq                           CEO-Farooq Steel Industries
12. Sh. Omer Sarfraz                                CEO-Eagle International
13. Mr. Zeeshan Waris                              Director-M.P Industries
14. Mr. Faisal Rauf                                   Director- Samad Pipe Industries
15. Mr. Farrukh Shahzad                          CEO-Ajwa Tube Industries
16. Mr. Omer Kareem Khan                     CEO-Kareem Pipe Industries
17. Mr. Khawar Bari                                 Advisory Board Member- Specta Packaging
18. Mr. Munir Hussain                             GM-Rizwan Ind Corp
19. Mr. Nisar Ali                                      Acting Secretary General- PSPA

   PROCEEDINGS

3. The Acting SG-PSPA sought permission from Chairman PSPA to start the proceedings with the recitation of Holy Quran by Mr. Munir Ahmed of Rizwan Ind Corp. (Pvt.) Ltd. 

            POINT/ DECISION                            ACTION/REMARKS.                 

     Approval of the Minutes of M.C. Meeting held on January 03, 2024.

4. The Acting SG-PSPA went through Minutes of the MC Meeting held on January

03, 2023. The Minutes were considered to be recorded correctly. Mr. Shahzad Farooq of Farooq Steel Industries (Pvt.) Ltd proposed that the Minutes be approved. Mr. Zeeshan Waris of M.P Industries seconded the proposal. Thus, these Minutes were approved as such. Then Acting SG handed over the forum to Chairman-PSPA for further proceedings.

FATA/PATA Tax Exemptions.

5. Disparities in Taxes /Duties of Steel Line Pipe Manufacturing Industries regarding

import of HRC as raw material (flat products) was discussed. Chairman PSPA told the meeting that the FATA/PATA exemptions are widely misused and the Govt. is going to further extend the exemption on FATA/PATA Tax in the upcoming Budget 2024-25. It was decided to level our business on one grid/platform and create a consensus among the industry members for competitive pricing of our finished goods in the market. All the members unanimously agreed to take up our case with the concerned authorities on the platform of PSPA. It was also decided that the Association will participate in newspaper advertisement campaign run by member Associations like Pakistan Association of Large Steel Producers (PALSP), Aisha Steel, International Industries Limited and Pakistan Vanaspati Manufacturers Association (PVMA). The said advertisement will be published in leading newspaper like Dawn, The News, Business Recorder and Daily Jang respectively in coming month.

Payment of Annual Subscription of PSPA outstanding toward members. 

6. Invoices for said Subscription have been issued to all PSPA members and Chairman

urged upon this payment to be made as soon as possible as well as leftover members also to clear their arrears. Our Association is facing dare shortage of funds to run it’s routine financial matters and may also be requiring further funds for running /pursuing of our above mentioned issue financially.   

7. There being no other point, meeting came to an end with a vote of thanks to the chair.

Thanking you,

Mr. Nisar Ali

Acting Secretary General -PSPA.