11th Karachi Literature Festival concludes on an exhilarating note

Karachi (Muhammad Yasir) The 3rd and the last day of the 11th Karachi Literature Festival drew a huge crowd of literature lovers who didn’t want to miss out any of the exciting sessions lined-up for the day.

The enthusiastic engagement of the festival visitors with the written word, authors, artists, and the literati is indicative of the inspiring ideas and debates the 11th Karachi Literature Festival generated.

Several stimulating discussions were held on the 3rd day including one titled ‘Urdu Adab ki Rang-a-Rang Jehtain’ with Azra Abbas, Arfa Sayeda Zehra, Attiya Dawood, Masud Mufti, and Asghar Nadeem Syed.

Another popular session was ‘Student Politics in Pakistan: Back to the Future’ with Arooj Aurangzeb, Faisal Subzwari, Azhar Abbas, Khalid Amin, and Naghma Iqtidar as panellists and Nadeem Farooq Paracha as the moderator.

Another exciting session titled ‘Pakistani Cinema in the Twenty- First Century’ featured Faseeh Bari Khan, Saqib Malik, Faysal Qureshi, Sheheryar Munawar Siddiqui, Bee Gul, and Sangeeta as speakers.

A discussion on ‘Karachi’s Literary Heritage: A Celebration’ took place featuring Ghazi Salahuddin, Iftikhar Ali Shallwani, Peerzada Salman, Rumana Husain, and Maniza Naqvi as speakers. ‘Maps of Belonging’ was the title of a conversation between Muneeza Shamsie and the award-winning writer Ahdaf Soueif. A stimulating discussion was carried  out in the panel discussion on ‘Financial Inclusion and Women Empowerment’ between Reza Baqir, Ayesha Aziz, Ishrat Husain, and Muhammad Aurangzeb. The session ‘Kashmir: The Paradise Lost’ attracted a lot of attention. The panelists included Victoria Schofield, Athar Abbas, Mushaal Hussein Mullick, and Sardar Masood Khan.

A fun-filled session titled ‘Punching Up: Young Comedians Redefining Satire’ featured Shehzad Ghias, Ali Gul Pir, Natalia Gul, and Gul Zaib Shakeel. It was moderated by Hamna Zubair.

There were readings on ‘Asad Mohammad Khan: The Living Legend’ by Zia Mohyeddin.

 The topic of Media Crisis: Who is Responsible? was discussed by Azhar Abbas, Mubashir Zaidi, Owais Tohid and Sabrina Toppa.

The 3rd and final day of the Karachi Literature Festival concluded with a talk by the inimitable media person Javed Jabbar. It was titled ‘Mapping Pakistan’s Cultural Evolution over the Past 72 Years’ and highlighted the very imaginative, inspiring and uplifting journey of culture and art through Pakistan’s seven decades long existence.

The Chief Guest of the Closing Ceremony, Sardar Masood Khan, President of Azad Jammu and Kashmir, while speaking on the occasion, said “Every year, Karachi Literature Festival creates a tremendous space for exchange of ideas and promotion of literature in Pakistan. It’s great to see that the festival organisers have created and sustained a literary space which was dying because of other available mediums.”

He added further, “I am glad to see that the attendees look satisfied and at peace, free enough to attend a literature festival. Unfortunately, people in occupied Kashmir do not have that luxury. I would also urge everyone to be politically correct and speak up for the Kashmiris because we are not just passive recipients of the news today, in fact we are all influencers.”

Speeches were also made by the Guest of Honour Mr Mike Nithavrianakis, British Deputy High Commissioner. Keynote speeches were made by Dr Ahdaf Soueif and Mr Harris Khalique, while a Vote of Thanks was delivered by the Festival Organizer, Mr Arshad Saeed Husain, Managing Director, Oxford University Press Pakistan.

He said, “I think you will all agree that at least, here, at KLF, there have been numerous sessions where the burning issues of the day were deliberated on by the panellists. The 11th KLF has examined the emergence of fascist nationalism in many countries, one of the deadliest examples of which is our neighbour on the east. KLF participants have reviewed the recent dangerous twist to the Kashmir dispute and the miserable plight of the Kashmiri people. World peace is threatened by turmoil and deepening tensions in the Middle East. We have analysed the issues of student activism, urban decay, climate change and Karachi’s water woes, and Pakistan’s deeply regrettable Literacy and Education Crisis. Yes, clearly, the most consequential issues of our time have indeed been focused upon in the past two and a half days.”

In his concluding remarks, he thanked the speakers, panellists, and performers for being part of KLF’s 11th edition; KLF Advisory Board members for their time, effort, and thought; to the media for their interest and enthusiasm; and last but not the least, to the audience who mark the success of KLF every year.

BankIslami’s Profit After Tax grew by 4.1 times to Rs. 1.1 Billion for 2019

Lahore (Muhammad Yasir) The Board of Directors of BankIslami Pakistan Limited (‘The Bank’ or ‘BankIslami’) in their meeting held on February 27, 2020 in Karachi approved the Bank’s audited financial results for the year ended December 31, 2019.

The year 2019 proved to be a remarkable year for BankIslami, where the Bank posted impressive financial results. On the back of an effective business strategy and widespread marketing activity, Bank’s Deposit base grew by 24% to close at Rs. 229 Bn, leapfrogging industry growth of around 10%. With an increase in source base of the Bank, total Assets of BankIslami also increased by 31% during outgoing year where funds were efficiently placed towards Islamic Financing, SLR Eligible Investments and Money Market Instruments. To strengthen its risk absorption capacity, the Bank booked accelerated provisioning on subjective basis against infected portfolio resulting in an improved coverage ratio of 85% as oppose to a coverage ratio of 72% in December 2018. 

Owing to increase in Bank’s earning assets and rise in benchmark profit rates, Bank’s net spread earned registered a growth of 79% in 2019 over last year. Combined with this, improvement in cost to income ratio to 63% in 2019 from the ratio of 94% in FY18, buoyed the Bank to generate a profit after tax of Rs.1,087 Mn for 2019, which is 4.1 times higher than profit after tax of Rs. 213 Mn reported last year, Alhamdulillah.

BankIslami, to boost its capital base and support the continuous growth of Balance Sheet, successfully completed issuance of Right Shares amounting Rs. 1.01 Bn during 2019; thereby increasing its paid up capital to Rs. 11.01 Bn.

In line with its strategy to further increase its earning capacity with a robust capital adequacy profile, the Bank is also in the process of issuing Listed Additional Tier-1 Capital (Ehad Sukuk) of Rs. 2 Bn. The Bank has successfully raised Rs. 1.7 Bn in the Pre-IPO phase of Ehad Sukuk during 2019.

 

Infinix Makes Headlines as the first Smartphone brand with Manufacturing Facility in Pakistan

Lahore (Muhammad Yasir) Infinix, with its latest and high-quality premium products, is one of the leading smartphone brands in Pakistan. It has continued growing stronger, and one of the primary reasons is the company’s continuous investment and contribution to the economic and labor empowerment in the country. Now very proudly Infinix becomes the first smartphone brand manufacturing in Pakistan.

Fully aligning with the country’s initiative of “Made in Pakistan”, the company keeps growing its investment to contribute to turn the country into a regional tech hub, and it just got one step further towards its mission and local commitmentto put Pakistan on road to progress and prosperity. This Chinese smartphone brand’s manufacturing facility being located in the country helps prevent unnecessary worry of Corona Virus and the inaccessibility of newest Infinix products, and also fulfills its aim of playing its role in empowering the local labor, and particularly women, as 60% of the workforce working in the Infinix Pakistan factory are women.

The manufacturing vicinity was also visited by the Consul General of the People’s Republic of China, Mr. Li Bijian, who applauded Infinix’s contribution in promoting local employment in the country.

Talking about their company mission, CEO of Infinix Pakistan Mr. Joe Hu said, “Infinix’s vision as a company is to enrich our customer’s experiences, whether it is through our products, or what goes in their manufacturing. To be able to play a small part in the empowerment of the labor force in Pakistan, and particularly the women of the country is an important step further towards our mission.”

Infinix has currently been marked as the largest mobile phone production and assembly company in Pakistan. The existing factory produces 3 million units per year. All the local products selling in the country are being manufactured in the factories that are churning out smartphones, tablets, and wearable devices.

 

KLF Day 2 full of life and vibrancy

Karachi (Muhammad Yasir) The second day of the 11th Karachi Literature Festival, which is being organized by Oxford University Press (OUP), was again an affair full of invigorating discourses and vibrant performances.

The day started off with an informative workshop held on ‘Media Literacy and Misinformation’ conducted by Sabrina Toppa, an award winning US Journalist based in Pakistan.

The renowned historian William Dalrymple made a presentation on the book Forgotten Masters: Indian Painting for the East India Company that has been edited by him. The journalist George Fulton introduced Dalrymple. Following this session, there was a conversation on Aurton kay Takhleeqi Shaoor say Inkaar Kiyun?’ between Zehra Nigah and Arfa Sayeda Zehra. This was followed by readings from Hijabistan by Sanam Saeed, along with a discussion between Sabyn Javeri, Sanam Saeed, and Saima Saleem. A session which attracted a great deal of interest was ‘The Deepening Crisis of the Middle East’ featuring Ahdaf Soueif, Massimo Ramaioli, Shahid Amin and Zafar Hilaly as panellists.

Ten book launches took place on the second day of KLF including that of The Anarchy: The Relentless Rise of the East India Company by William Dalrymple; On Their Own Terms: Early Twenty First Century Women’s Movements in Pakistan by Fouzia Saeed; Transgressions: Poems Inspired by Faiz Ahmed Faiz by Anjum Altaf; Tooti hui Tanab Udhar by Asghar Nadeem Syed; Subjective Atlas of Pakistan by Taqi Shaheen and Annelys de Vet; Interpretations of Jihad: An Intellectual History by Tariq Rahman; and Zair e Aasman by Shahid Siddiqui.

A discussion on Love, Relationships and Muslim Women’s Writing took place between Claire Chambers, Muneeza Shamsie, David Waterman and Sabyn Javeri, and it was moderated by Ilona Yusuf.

Dastangoi by NAPA featured pieces from Marhoom ki Yaad Mein by Patras Bukhari, Zikr e Khooban al Maroof Aurat ki Takhleeq by Mir Baqir Ali and Fasana e Azaad by Pandit Ratan Nath Sarshar. Tehrik-e-Niswan presented an enactment of Ismat Chugtai’s short story ‘Kaafir’ promoting interfaith harmony with an introduction by Sheema Kermani.

A discussion on the book Prison Interlude: The Last Eyewitness Account of the Rawalpindi Conspiracy Case by Zafarullah Poshni was also held on the second day of KLF. The speakers were Zafar Ullah Poshni, Mazhar Abbas, Kamal Azfar and Wusatullah Khan. The moderator was Owais Tohid.

Kishwar Naheed and Noorul Huda Shah were in conversation on Khawateen ka Mazahimati Adab in later half of the day. Highlighting the water problem in Karachi, ‘Drop by Drop: Karachi’s Water Crisis’ was another important session held with Farrukh Rasheed, Babar Siddiqui, Wusatullah Khan, and Khalid Shaikh as speakers.

A panel discussion on the poetry of Noon Meem Rashid titled ‘Nazm e Azad, Shayar e Azad’ included Pirzada Qasim, Asghar Nadeem Syed,  Nasim Syed, and Khalid Ahmad as speakers and Mujahid Barelvi as the moderator.

A discussion by Sharif Awan and Athar Masood was held on the topic ‘Traditional Music on Modern Media: Is there a Symphony in this Noise?’. In line with the theme of this year’s festival, an enlightening discussion took place titled ‘Shumali aur Lateeni Amreeki Adab Pakistan Mein’. It featured Nasim Syed, Nasir Abbas Nayyar, and Syed Kashif Raza as panellists.

Other stimulating sessions that took place include ‘Indus Flows: Poetry, Mysticism, and Romance’ and The Political Character of Pakistani Middle Class’. A session on Performance Poetry called ‘The Spoken Word’ was presented by young poetsAnnum Salman, Vaneeza Sohail, Shehrbano Naqvi, Shameneh Majid, Zoha Jabbar, Hamza Iftikar, Zain Baweja, and Batool Hasan.

Screening of award-winning films of the 2019 EACPE video competition was presented by Getz Pharma. The film submissions were on the theme ‘Is Pakistan a Brave Nation?’

Screening of the feature film Baaji directed by Saqib Malik attracted a huge number of film lovers. A musical performance by ACMA band, presented by Arts Council of Pakistan, marked the end of the second day of KLF.

OLX Inaugrates Its First Customer Center

OLX INAUGURATES ITS FIRST CUSTOMER FACILITATION CENTER ALONG WITH CARFIRST AT PACKAGES MALL IN LAHORE

 Lahore (Muhammad Yasir) OLX, Pakistan’s number one marketplace, launched yet another initiative to provide convenience to its customers through its first offline facilitation center along with CarFirst at Packages Mall in Lahore. A special ceremony marked the official inauguration of this facilitation center on Friday, February 28, 2020 at the Packages Mall in Lahore, attended by top officials from OLX Pakistan, CarFirst and Packages Mall as well as a crowd of mall visitors who felt delighted to having a nearby one-stop solution to fulfil their needs of buying and selling cars, as well as the convenience to get updated about other OLX offerings.

The facilitation center will host well recognized and trusted facilities such as OLX CarPro’s inspection area, a car inspection service launched by OLX which helps buyers in making the right decision before buying a car, and CarFirst’s Purchase Center where sellers can sell their cars without hassle and get paid instantly. The very best of trained mechanics will conduct car inspections at par with customer expectations and present their assessment reports within 60 minutes, which will save a lot of time and hassle for the customers. Whereas, in case of any queries, customers will also have the option of interacting with OLX team directly at all times.

While talking about this initiative, Country Manager of OLX Pakistan, Bilal Bajwa stated, “While online growth is highly scalable, offline channels have great utility as well, since they provide an in-person customer connect. The center will also serve as a transparent and safe exchange point whereby buyers and sellers can meet to transact and enjoy hassle-free facilities such as instant payments in a safe and secure environment.”

Commenting on the opening of OLX’s Facilitation Center and CarFirst’s Purchase Center at Packages Mall, Head of Purchase Operations of CarFirst, Mahrukh Naim Mirza, said, “Convenience and catering to the demands of customers is at the core of everything we do at CarFirst and to that end we are happy to open our doors in Packages Mall. We’ve previously hosted multiple successful Car Galas in Packages Mall, and we receive a high traffic for our services from that region. CarFirst’s Purchase Center at Packages Mall will have all our trusted services, including Foree Payment which provides our customers with a quick, convenient and secure way of selling their car. Our customers at Packages Mall will be able to have their cars inspected, priced, and sold under one roof and also drive away with the full payment for their car, all within an hour!”

The offline facilitation center by OLX Pakistan is a reflection of its commitment towards facilitating its customers in every possible way with innovative solutions and offerings where many more of such initiatives will follow in future.

Arcelik Appoints MEP Global Technologies as Distributors in Pakistan

Lahore (Muhammad Yasir) Arçelik is the leading producer of innovative consumer durables in Turkey and the 3rd largest manufacturer in Europe. It is also the parent-company of Dawlance, the biggest brand of home-appliances in Pakistan. Recently, Dawlance has appointed MEP Global Technologies (MGT) as the distributor for Arçelik’s Commercial Air-Conditioners’ range, including; Chillers, Duct Type ACs, Cassette Type Units, VRF and AHU.

Dawlance’s CEO, Mr. Umar Ahsan Khan and MGT’s Managing Director, Mr. Ijaz. K. Malick were the signatories of the Distributorship Signing Ceremony. Dawlance Sales and Marketing Director, Mr. Hasan Jameel addressed the ceremony and welcomed this partnership and hoped for great business for Arçelik’s Commercial Air Conditioners’ range. Pakistan’s legendary Cricketer – Mr. Younis Khan is the Chief Marketing Officer of MGT, who personally addressed the official Signing-Ceremony. Being the most reputed distributor of HVAC (Commercial Air-Conditioning) in Pakistan, MGT has acquired great expertise and 30+ years of commercial business experience. Since Arçelik is very meticulous in selecting its business associates and partners, the appointment of MGT will surely bring great results, to enable rapid growth in Arcelik’s Commercial Air Conditioning business in Pakistan.

Dawlance has always maintained its market-leadership in Pakistan’s home-appliances market. With the technological and operational backing of a globally leading enterprise like Arcelik, Dawlance has successfully enriched its diverse product-line in appliances. Now, broadening its vision to achieve leadership status in the Commercial Air Conditioning Business too, Dawlance has engaged the most dynamic distribution team – MGT that promises next-level of success for Dawlance and establish it as the most preferred brand for HVAC projects.

11th Karachi Literature Festival Inaugurated

Karachi (Muhammad Yasir)“This is a very exhilarating experience for me. I have never seen so many literary icons in one place and it is a real honour to be able to meet them and discuss issues of common interest. The very richness of this occasion fascinates me and creates in me the wish that instead of being a former bureaucrat and now a minister, I should also have followed the profession of art and literature and expressed my thoughts and feelings in a free-flowing manner.”

“As you would be aware, the subject of education is a major priority for the government of Prime Minister Imran Khan and he has given me special instructions to make education viable and progressive if Pakistan is to move ahead on the path of national development. It is events like the Karachi Literature Festival that greatly enable our government to further the cause of education because these events promote the habit of reading and healthy discourse between individuals of all ages.”

This was stated by Mr Shafqat Mahmood, Federal Minister for Education and Professional Training, who was the Chief Guest at the inauguration of the 11th Karachi Literature Festival (KLF) on 28 February 2020 at the Beach Luxury Hotel. The Karachi Literature Festival is a three-day event being held on 28, 29 February and March 1.

After the inauguration, on 28 February, the following two days of the Festival will comprise full days of discussions, talks, readings, author signings, art exhibition, performances, talks and discussions, etc. A food court and book fair have also been set up at the Festival.

The theme of the Festival this year is ‘Across Continents: How the Word Travels.’ As every year for the past ten years, the purpose of KLF is to bring together international and Pakistani writers to promote reading and showcase writing at its best.

Earlier, in his welcome address, Mr. Arshad Saeed Hussain, Managing Director, Oxford University Press Pakistan, said, “The institution I head is, by its nature, deeply involved in the process of educating Pakistan. I would suggest to you that an event like the eleventh KLF we are inaugurating today, is part and parcel of that process. By bringing together scholars, intellectuals, artists, writers, and policy makers to engage in discussion over many issues, we are creating living examples of Critical Thinking to place before you. By testing and sharpening new and maybe challenging ideas, we are encouraging innovative thinking and promoting Thought Leadership. In this festive spirit, we continue to encourage the habit of reading among young and old alike.”

He further added, “KLF brings us together to express ourselves creatively and to engage with the fast changing political situations that surround us, through literature, music, poetry, songs, visual performing arts and other genres. KLF is a platform for people to speak in an open and free forum in celebration of the human spirit in all its forms.”

The Guest of Honour, H. E. Dr Christian Turner CMG, British High Commissioner to Pakistan, spoke on the occasion of his very interesting experience of being in Pakistan and his deep fascination with the country’s cultural identity.

Remarks were also made on the occasion by Jason Green, Public Affairs Officer, US Consulate, and Ms. Anna Ruffino, Consul General of Italy in Karachi, while Keynote Speeches were delivered by Mr. William Dalrymple, author and historian, and Ms. Zaheda Hina, Urdu short story writer and playwright.

Several book awards instituted by KLF were also announced on the occasion. These comprised:

KLF-Infaq Foundation Urdu Literature Prize. The books shortlisted for this prize were Chaar Darwesh aur Aik Kachwa by Syed Kashif Raza, Ae Falak-e-Na Insaf by Hasan Manzar and Sindhi Adab: Aik Mukhtasir Tareekh by Attiya Dawood. The winner was Ae Falak-e-Na Insaf by Hasan Manzar. The jury comprised Mr Asghar Nadeem Syed, Dr Nasir Abbas Nayyar, and Mr Hameed Shahid.

KLF-Getz Pharma Fiction Prize. The shortlisted books were Call Me Al by Sheheryar Sheikh, The Miraculous True History of Nomi Ali by Uzma Aslam Khan, Red Birds by Mohammed Hanif and The Selected Works of Abdullah the Cossack by H M Naqvi. Red Birds by Mohammed Hanif won the Prize. The jury of the prize comprised Mr Ghazi Salahuddin, Ms Hoori Noorani and Dr Nadya Chishty-Mujahid.

KLF-HabibMetro Non-Fiction Prize. The books short-listed comprised Interpretation of Jihad in South Asia by Tariq Rahman, The Parliament of Pakistan by Mehboob Hussain, and From Kargil to the Coup by Nasim Zehra. Interpretation of Jihad in South Asia by Tariq Rahman was declared the winning entry. The jury of the Prize comprised Dr Syed Jaffar Ahmed, Mr Zafar Hilaly and Mr Muhammad Ali Siddiqi.

The Awards function was followed by a Kathak performance by Zahshanné Malik titled ‘A Tribute to Perveen Shakir’.

The first day of the KLF featured a session ‘The Story of Qawwali’ based on a talk by Ally Adnan which was interspersed with performances by Ghayoor-Moiz-Mustafa Qawwal, Farid Ayaz and Abu Mohammad. A discussion was held on ‘Education in Pakistan: A Roller Coaster Ride’ and featured Shafqat Mahmood, Asad Ali Shah, Amjad Waheed and Shahid Siddiqui as speakers. Baela Raza Jamil moderated the discussion.

A discussion titled ‘Challenges to International Diplomacy Today’ was also held on the opening day of KLF. The panellists included Christian Turner, Shahid Amin and Tariq Waseem Ghazi and Shaheen Salahuddin was the Moderator.

A session titled ‘Women of Substance’ was also organized centering around the lives of Fatima Jinnah, Benazir Bhutto and Asma Jehangir. Participants in the discussion were Victoria Schofield, Sheema Kirmani and Karamat Ali.  The moderator was Fouzia Saeed.

‘The Atlantic Muse by the Arabian Sea: Poetry in English’ featured poetry recitations by emerging as well as established poets like Adrian Husain, Arfa Ezazi, Farida Faizullah, Fatima Ijaz, Harris Khalique, Ilona Yusuf, Maya Nadeem, Peerzada Salman, Sadaf Halai and Tehmina Ahmed.

Daraz’ Grand Fashion Festival celebrates the launch of leading international brands

Lahore (Muhammad Yasir) Daraz is celebrating the launch of leading Turkish apparel brands on its platform with the Grand Fashion Festival, which started on February 25th, 2020.

Trendyol, a popular Turkish fashion retailer, has launched its official store on DarazMall, bringing customers in Pakistan exclusive access to a large assortment of authentic products and the latest trends in western fashion. In addition to Trendyol’s private label collection, the official store will carry products from other leading Turkish brands including Koton, Armonika, Bambi, Boutiquen, Soho, Inci Shoes and Ola.

Over the past year, Daraz has focused on rebuilding its fashion identity and curating an assortment that carries something for everyone. The platform’s fashion category has grown to become a one-stop solution with more than 3 million products that include traditional and western clothes, accessories and footwear. With the launch of international labels on Daraz, the platform has further extended the range of trends available to customers.

“Through our partnership with leading Turkish labels, we are offering our customers exclusive access to the best of western fashion. We look forward to partnering with more international brands to meet customers’ demand for products that are not easily available,” Danyaal Balkhi, Regional Commercial Director Cross Border, Daraz Pakistan.

The Grand Fashion Festival, which is live until March 2nd, also features the latest lawn collections from leading local fashion houses including Generation, Bonanza Satrangi, Alkaram and So Kamal.  In order to help customers navigate through the millions of products available and select items that best suit their preferences, Daraz has categorised the products according to pattern, colour and print. 

Daraz implements a strict purchase protection policy to ensure that customers are safeguarded from fraud. While Daraz offers customers a number of digital payment options – including the Daraz Wallet – buyers can also choose to pay with cash upon delivery. The platform also promises that no hidden charges will be levied on buyers purchasing international products.

 

realme 5i is available on sale now at Rs. 24,999

Lahore (Muhammad Yasir) Realme 5i, the latest budget smartphone from Realme, is available for sale from February 26, 2020.The phone is priced at Rs. 24,999. The smartphone is available in two color trims — Forest Green and Aqua Blue. It comes with a massive 5,000 mAh battery capacity as well as quad camera set up at the back. For a budget smartphone, the new smartphone comes with a 6.52-inch display and a waterdrop notch.

realme 5 series achieved great success, the shipments of 5 series exceeded 5.5 million units globally. Now as entry-level model of 5 series family, realme 5i also brings great user experience in camera, battery, performance and design, but with more affordable price for more consumers.

With a massive 5000 mAh battery, realme 5i provides best battery life performance and longest 30-day standby in the price segment. It can make you enjoy extra-long entertainment experience. The realme 5i have also been equipped with fireproof protective separation and triple precautions to guarantee battery safety.

realme 5i is equipped Snapdragon 665 based on 11nm production process, operating at a clock speed of 2.0GHz along with enhanced gaming performance and 3rd generation Qualcomm AI Engine, providing outstanding performance in their price segments.

realme 5i adopts latest Sunrise Design in its slim body.  Grains on back cover is processed by the industry-leading German five-axis precision radium carving machine, presenting a stunning visual experience after 600-minute polishment, to show the enthusiasm and endless possibilities of the young generation. realme 5i comes in two colors – Aqua Blue and Forest Green.

realme 5i also packs a leading image experience with widely praised quad camera setup –  119° ultra-wide-angle lens (8MP), main camera (12MP), portrait lens (2MP) and ultra-macro lens (2MP). With upgraded algorithm, Nightscape 2.0 is now available in ultra-wide-angle lens, enables you shoot excellent night photos with wider view. Main camera supports better EIS effect, you can take more stabilized videos while moving.

In terms of software, all realme smartphones will get the new upgraded ColorOS 6.1 which will have feature upgrade, hotspot management function, real privacy function and Hotspot management. With ColorOS 6.1, realme 5i can activate dark mode, bring a darker color palette for Apps and operating system, helping you to ease your eyes and focus better with a more vibrant foreground content standing out against the darker background.


Standard Chartered Pakistan posts Highest ever profit of PKR 27.2bn (before tax)

Highlights:

  • Highest ever profit of PKR 27.2bn (before tax); up 47% YoY
  • All time high income of PKR 39.1bn; up 37% YoY
  • Total assets crossed PKR 600bn milestone
  • Advances (net) grew by 29%
  • CASA to deposits ratio of 93%; one of the best in class
  • Highest ever dividend pay-out

Lahore (Muhammad Yasir) Standard Chartered Bank (Pakistan) Limited, the country’s largest and oldest International bank, today announced its Annual Results for 2019.

The Bank had a record year of performance in 2019 and delivered a Profit before tax of PKR27.2 billion, which is 47per cent higher than last year. Profit after tax registered a growth of 43per cent to close at PKR16 billion; highest ever since its incorporation.

A strong and diversified business performance drove an all-time high income of PKR39.1 billion; a growth of 37per cent YoY. Operating expenses were well controlled with an increase of only 2per cent YoY, well below the country inflation rate, resulting in all time low cost to income ratio of 30per cent.

All businesses have a positive momentum in client income which grew 31per cent year on year with strong growth in underlying drivers. Momentum in advances (net) continues with 29per cent growth since the start of the year. This was the result of a targeted strategy to leverage our brand, client relationships and strong global network in building profitable and high-quality portfolios.

The Bank continued to maintain its leadership in low cost deposits with CASA to Deposits ratio of 93per cent despite strong competition. Total deposits recorded a growth of 10per cent, with CASA growing by 8per cent in 2019.

The bank won several awards and accolades in the year including “Best Commercial Bank” by Management Association of Pakistan, “Best Foreign Bank in Pakistan” by Finance Asia, “Best International Bank” by Asia Money and “Best Islamic Bank” by the Banker Magazine.

During 2019, the Bank contributed around PKR18.6 billion to the national exchequer in lieu of direct income taxes, as an agent of Federal Board of Revenue (FBR) and on account of FED / Provincial Sales Taxes.

For the year 2019, the Board of Directors have recommended a final cash dividend of 17.5per cent (PKR1.75 per share). This is in addition to the 12.5percent (PKR1.25 per share) interim cash dividend announced during the year; thereby taking the total dividend pay-out to a record high of 30per cent (PKR3.00 per share).

Commenting on the results, Mr. Shazad Dada, Chief Executive Officer, Standard Chartered Bank (Pakistan) Limited said,

“I am delighted to announce that the Bank has performed exceptionally well and has delivered its highest ever profit. 2019 has been a significant year, with developments that have contributed directly to the growth of the country franchise. These results are testament of our commitment to delivering a consistent and continued performance. Having strengthened our foundations on controls and conduct, we recognise the importance of sustained growth with a focus on income whilst strongly monitoring cost and prudent risk management. Our digital journey is well on-track having executed over 21 million electronic transactions for our clients while ensuring a seamless client experience throughout all our segments. Although the external environment remains challenging, we are committed to raising the bar on our performance whilst ensuring that our clients’ needs are at the heart of everything we do.”