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Policy neglect hits coating exports | The Express Tribune

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Policy neglect hits coating exports | The Express Tribune


LCCI President Faheemur Rehman Saigol. Photo (file)


LAHORE:

Pakistan has significant export potential in non-traditional sectors, but a lack of policy focus has limited their performance, President of the Lahore Chamber of Commerce and Industry (LCCI) Faheemur Rehman Saigol said on Saturday.

According to a statement, he was speaking at a meeting with a delegation of the Pakistan Coating Association at the Lahore Chamber. During the meeting, the LCCI and the Pakistan Coating Association signed a Memorandum of Understanding (MoU) to promote cooperation. Under the agreement, both organisations will carry out joint activities throughout the year, including business development, policy support and trade promotion initiatives.

Addressing the meeting, Saigol said the coating industry was an important sector that could support local industry while contributing to export growth. He said closer coordination between trade bodies was essential, particularly as businesses across sectors were facing economic challenges.

He added that the LCCI would continue engaging with stakeholders to safeguard the interests of the business community and strengthen institutional cooperation.

Representatives of the Pakistan Coating Association said chambers of commerce had consistently supported businesses and played an important role in resolving recent transport- and port-related issues. They said coordination between the private sector and the government was essential for sustainable policy outcomes. They added that efforts were underway to align major chambers so the government could be approached with a unified position on key economic issues.

The delegation said the coating industry comprised sub-sectors including paints, adhesives, powder coatings and construction chemicals, all of which had export potential. Africa, Central Asia and the Middle East were identified as key markets. However, border closures and transport constraints continued to disrupt trade.

They stressed the need for alternative trade routes and stronger regional trade diplomacy. The delegation also called for formal recognition of the coating industry as a separate industrial sector to ensure appropriate representation in taxation and incentive policies.



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HDFC Bank Changes Lounge Access Norms For Debit Cards From January 10– Details Here

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HDFC Bank Changes Lounge Access Norms For Debit Cards From January 10– Details Here


New Delhi: If you often use your HDFC Bank debit card for free airport lounge access, this update is important for you. The bank has changed how complimentary lounge entry works on its debit cards. Instead of simply swiping your card at the lounge, customers will now need a digital voucher to get access. Also, the minimum spending requirement has been increased, reported Moneycontrol. These new rules will come into effect from January 10, and will apply to eligible debit cardholders going forward.

How the New Lounge Voucher System Works

Once your eligibility is confirmed, HDFC Bank will send you an SMS or email with a link to claim your lounge access voucher. You’ll need to verify your request by entering an OTP sent to your registered mobile number. You will receive a voucher code or QR code after successful verification which must be shown at the airport lounge to get entry.

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Minimum Spend Requirement Increased

Under the revised rules, HDFC Bank debit card users will now need to spend at least Rs 10,000 in a calendar quarter to be eligible for complimentary airport lounge access. Earlier, the minimum spend required was Rs 5,000.

However, this condition will not apply to HDFC Infiniti Debit Card holders. Customers using the Infiniti card will continue to enjoy free lounge access without any minimum spending requirement.

Eligible Transactions and Free Lounge Visits by Card Type

Only purchase transactions made using the debit card will be considered while calculating the quarterly spending requirement. Other types of transactions will not be counted, as noted by Moneycontrol.

Meanwhile, the number of complimentary lounge visits remains unchanged and continues to depend on the debit card variant:

Millennia Debit Card: 1 free visit per quarter

Platinum Debit Card: 2 free visits per quarter

Times Points Debit Card: 1 free visit per quarter

Business Debit Card: 2 free visits per quarter

GIGA Debit Card: 1 free visit per quarter

Infiniti Debit Card: 4 free visits per quarter

This means cardholders should check both their spending eligibility and card type to know how many lounge visits they can enjoy.

Which Transactions Count and Voucher Validity Explained

Only purchase transactions made using the debit card will be counted towards the quarterly spending requirement. As per Moneycontrol, the following transactions will not be included:

ATM cash withdrawals

UPI or wallet payments (GPay, PhonePe, Paytm, etc.)

Credit card bill payments made via debit card

Debit card EMI transactions

New debit cardholders will also need to meet the Rs 10,000 spending requirement to become eligible for complimentary lounge access.

Voucher Validity: 

Once issued, the lounge access voucher will remain valid till the end of the next calendar quarter, after which it will expire if not used.

What This Means for Debit Card Users

With the updated lounge access rules, HDFC Bank is clearly encouraging higher card usage and digital verification. Customers who regularly use complimentary lounge benefits will now need to keep a close watch on their quarterly spending and complete the voucher process in advance. As per Moneycontrol, physical debit card swipes will no longer work from January 10, making it important for travellers to switch to the new digital voucher system.



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NPS Changes In 2025: Know New Rules On Exit, Withdrawal, Lock-In And Entry

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NPS Changes In 2025: Know New Rules On Exit, Withdrawal, Lock-In And Entry




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South Korea Aims To Cut Carbon Emissions At International Airports By 10 Per Cent By 2030

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South Korea Aims To Cut Carbon Emissions At International Airports By 10 Per Cent By 2030


Seoul: South Korea aims to cut carbon emissions at its international airports by 10 percent by 2030 while expanding the use of sustainable aviation fuel (SAF), a government report showed on Sunday.

Under the blueprint for the 2026-2030 period, set by the transport, environment and industry ministries, carbon emissions at South Korea’s international airports are projected to reach 29.8 million tons in 2030, up 28 percent from 23.3 million tons recorded this year.

The government aims to reduce the projected amount by 10 percent, or 2.87 million tons, reports Yonhap news agency. The report said the reduction can be achieved by using SAF, shorter standby time during takeoff and landing, and improved efficiency in airport operations.

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In line with the efforts, international aircraft taking off from South Korea will be required to use SAF for at least 1 percent of their fuel, and the share will be raised to between 3 percent and 5 percent after 2030.

South Korea will come up with measures to ease the financial burden on air carriers, considering that SAF prices are around three times higher than those of conventional jet fuel, including partially assisting with related costs.

Meanwhile, Korean Air build a next-generation aircraft maintenance hangar at Incheon International Airport, South Korea’s main gateway, under a 176 billion-won (US$119.2 million) joint investment deal with the airport operator, the airline said.

The new hangar will be located inside the airport’s High Tech Aviation Complex and will support airframe inspections, component checks, heavy maintenance and aircraft modification. The 69,299-square-meter site will accommodate two wide-body aircraft and one narrow-body aircraft at once. Construction is set to begin in 2027, with operations planned from late 2029.

Korean Air said the facility will strengthen its maintenance, repair and overhaul (MRO) capabilities ahead of the launch of the integrated carrier following the acquisition of rival carrier Asiana Airlines Inc.



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