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Hamid Ismail Foundation Tree Plantation Drive

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Hamid Ismail Foundation Tree Plantation Drive

Karachi (Muhammad Yasir) Tree Plantation Drive On other day, a tree plantation drive was organized by Hamid Ismail Foundation at Quaide-Azam Residency, Karachi.

The aim of Hamid Ismail Foundation is to make Karachi a clean city and planting trees is the first step to make the environment healthy and clean. 100 trees were planted at Quaid e Azam Residency. The event started at 3 pm with recitation of Holy Quran followed by Hamid Ismail welcome address to guests.

First tree was planted by Hamid Ismail followed by other guests. Students were also invited from different schools who were very enthusiastic and were waving small flags throughout the event. It was good to see patriotic future generation who cared about saving this earth. Students also helped in planting the seeds of some fruit trees.

It is a great initiative taken by Hamid Ismail Foundation. There is a need to save and plant trees to have a better and healthy environment for us and the generations to come. It is the time we all step up and work towards giving back to this motherland.

The event was attended by the following esteemed guests: • Mr. Moeed Anwar – Chairman DMC East • Mr. Rehan Hashmi – Chairman DMC Central • Mr. Nayyer Raza – Chairman DMC Korangi • Mr. Ahmed Ali Siddiqui – Deputy Commissioner East • Mr. Shehryar Gul Memon – Deputy Commissioner Korangi • Mr. Muhammad Ghazaal – COO Saylani Welfare Trust • Mr. Saleem Baloch – MPA PPP • Mr. Sardar Ali – Minister of Culture and Tourism.

Topsun Motors in Pakistan

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Topsun Motors First electric Car Company in Pakistan

Lahore (Muhammad Yasir) Provincial Housing Minister Mian Mehmood-ur-Rasheed has said that Pakistan is progressing rapidly with the cooperation of China, while Chinese companies are taking keen interest for investment in the country. The minister stated this while inaugurating Topsun Motors in Pakistan, which will ensure the availability of electric cars for the first time in Pakistan. PTI leader Aijaz Chaudhry , Topsun Motors MD Malik Riaz, Shafiq Chaudhry, Malik Ahsaan Langrial, Abdul Waheed Butt, Malik Abdul Razzaq,Malik Fiaz, Malik Nawaz, Malik Shahbaz, Malik Aiaz and Amir Salim were also present on the occasion.

The minister praised the private sector for playing key role in the development of Pakistan. He said that there is a need to take more steps for reducing the unemployment rate in the country. He further said that the inauguration of Chinese cars manufacturing plant in Pakistan is a proof that there are no security issues in Pakistan.

METRO PAKISTAN Retains The “CERTIFIED TOP EMPLOYER 2020” Title

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METRO PAKISTAN Retains The “CERTIFIED TOP EMPLOYER 2020” Title

Lahore (Muhammad Yasir)  METRO Pakistan has been awarded the ‘Top Employer 2020’ for the 3rd consecutive Year, setting the bar higher by ranking as the Number 1 Country Ranked position for Pakistan.

Top Employers are organizations of the highest caliber that have worked hard to create, implement and progress their people strategies. They provide an outstanding experience through strategic and thoughtful workplace programs which create an environment that empowers and develops employees.

The Top Employers Institute is the global authority on certifying excellence in employee conditions. Established more than 25 years ago, the Top Employers Institute has certified over 1500 organizations in 118 countries. These Certified Top Employers positively impact the lives of over 6 million employees globally.

METRO Pakistan Mr. Marek Minkiewicz expressed his joys and stated that METRO Pakistan has always dedicated itself to providing the very best working environment for employees through implementing progressive ‘people-first’ Global HR practices.

Uber Completes Acquisition of Careem

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Uber Completes Acquisition of Careem

Lahore (Muhammad Yasir) Uber (NYSE: UBER) today confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a wholly-owned subsidiary of Uber, preserving its brand. Careem co-founder and CEO Mudassir Sheikha will continue to lead the Careem business, which will report to a board made up of three representatives from Uber and two representatives from Careem. Careem and Uber will operate their respective regional services and independent brands.

With the closing of the deal, Uber has acquired Careem’s mobility, delivery, and payments businesses across the greater Middle East region, with major markets including Egypt, Jordan, Saudi Arabia, and the United Arab Emirates. The regulatory approval process in Pakistan, Qatar, and Morocco is ongoing and the transaction will not close in these territories until approvals from the legal authorities responsible are obtained.

Uber CEO Dara Khosrowshahi said: “I’m looking forward to seeing even more innovation from Careem, as they continue to operate independently under their current leadership. Working in parallel, our two platforms will be able to build upon the unique strengths of each, to the benefit of drivers, riders, and the cities we serve across the greater Middle East.” 
Careem co-founder and CEO Mudassir Sheikha said: “Today marks the beginning of a new chapter for Careem. The journey that we started almost a decade ago to simplify the lives of people in the greater Middle East is far from over. Joining forces with Uber accelerates that journey as we become the region’s everyday super app. We are excited to take Careem to new heights alongside Uber, who appreciates the significant regional opportunity, is supportive of our values and culture, and believes in the purpose that drives us.”

Both companies believe this completed acquisition will provide an opportunity to expand the variety and reliability of services offered through their applications. Similarly, for drivers and captains, the companies believe an increase in trip growth and improved services could provide better economic opportunities as well as more predictable earnings through greater utilization of drivers’ time on the road.

realme Pakistan celebrates its first anniversary

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Realme Pakistan Turns 1st anniversary With Unmatched Growth over 600% 

Lahore (Muhammad Yasir) The Fastest growing youth’s favorite smartphone brand realme has been successful in carving a niche for itself in Pakistan by being aggressive and agile enough to introduce new phones with the latest specs at affordable price points swiftly.

“We were truly grateful to receive so much support from our fans for the past one year. As a way to say thanks to our fans, we’ve announced exciting giveaways to celebrate our first year anniversary. Through their continuous support and loyalty, realme has achieved a great milestone recently as we were recognized as World’s Fastest Growing Smartphone Brand in 2019 by Counterpoint. Here in realme Pakistan, we will continuously provide the best products and user experience to our fans for a leap-forward experience.” said Harvey He, Marketing Director realme Pakistan.

realme Pakistan celebrates its first anniversary, the brand arrived in Pakistan last year on January 2, 2019 with realme 2 Pro and realme C1 Launch.

realme’s upward trajectory in Pakistan has been phenomenal since the brand’s entry last year, realme has been aggressive in its approach, launching successful budget to mid-range smartphones with an attractive spec sheet and affordable pricing. realme has made a name for itself by selling smartphones with powerful hardware at prices aggressive enough to go up against its competitors.

realme Pakistan was awarded as the Fastest Growing Smartphone Brand of 2019 in Pakistan by a renowned Tech media Phone world.

Pakistani youth’s favored smartphone brand realme has quickly snatched market share from existing players and is fast becoming one of the most sought after brands. Since its entry into the Pakistani market less than 12 months ago, realme, has already launched 9 products across different price segments from premium flagships to trendy mid-rangers, all designed particularly for the youth. They are also gearing up for the launch of their latest additions in the classic realme series in the coming months. realme is proving it has planned an even steeper growth trajectory than its parent company through a targeted focus on the youth.

Globally realme registered 500%+ Year over Year Growth Rate, 50+ Notable Awards as well as 24,000,000+ Fan base. As per Counterpoint, realme has become the Global TOP 7 Smartphone Brand at Q3, 2019. And its registered users had reached 10 million within only one year, making itself the most rapidly growing brand. Realme has expanded globally to over 22 markets, such as China, India, Southeast Asia, Europe, Russia, Pakistan and Africa including Egypt.

Telenor Pakistan opens doors for businesses

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Telenor Pakistan opens doors for businesses to harness the power of data analytics through Bizmine

Lahore (Muhammad Yasir) Taking another major leap in its technologically advanced business offerings, Telenor Pakistan has launched Bizmine, an analytical framework that enables business leaders to de-clutter crucial information and get essential data insights to take smart decisions. The launch event was held at Telenor Pakistan’s Campus, 345, which was attended by the company management and various businesses.

At the event, Stephen Brobst, CTO of Teradata, shared the significance of next generation consumer intelligence for businesses during his keynote speech. Since it is crucial for companies to understand consumer behaviour and get insights into potential markets, data analytics gives them solid proof points to take the right decisions that could be a turning point for any business.

Bizmine offers a unique solution to business leaders, allowing them to break through the clutter of information and build a stronger connection between their products and consumers. Its data driven market research based on a very large and comprehensive data set aggregated and anonymized, can be delivered in a very short time while ensuring cost effectiveness in comparison to traditional market research exercises. Also, the market research is continually updated and can be made available through a subscription model. The Bizmine portal can be used by marketers to create virtually thousands of consumer segments for running targeted campaigns. Telenor Pakistan will be offering enriched Analytics as a Service, based on Advance Analytics and Machine learning, to help organizations run analytics where they do not have the in-house capability.

“Bizmine is a step forward toward enhancing Telenor Pakistan’s B2B service portfolio and will become a crucial tool for businesses to make the right decision at the right time,” said Haroon Bhatti, Chief Business Officer, Telenor Pakistan.

Bizmine provides a competitive edge to businesses by leveraging customer persona, location, and mobility-based analytics. It smartly formulates insights to forecast consumer behaviour that is of critical value amidst emergence of a more demanding new generation of customers in today’s increasingly complex market. The solution also allows businesses to create their own customized dashboards and develop more effective marketing strategies, user density categorisation and distribution.

 

SECMC Achieves Financial Close of Phase II of Mining and Power Projects in Thar Block-2

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Thar Block-2: SECMC achieves financial close of mining project’s phase-II- NUT Reported

Karachi (Muhammad Yasir) The Sindh Engro Coal Mining Company (SECMC) has achieved a historic milestone by completing the financial close of Phase II of Mining and Power Projects in Thar Block II.

SECMC is a joint venture company with the Govern­ment of Sindh, Engro Power­gen, Thal Limited (House of Habib), Hub Power Company (HUBCO), Habib Bank Limited (HBL), China Machi­nery Engineering Corpo­ration (CMEC) and State Power International Men­dong (SPIM). The company is responsible for ex­­tracting lignite coal form its mining concession of Block II in Tharparkar.

SECMC’s coal mine in Block-II has the potential to produce over 37 million tons of coal per annum translating into 5,280 MW of electricity at less than 6 cents per KWh for over 50 years.

A key milestone towards ensuring energy security of Pakistan; Thar coal tariff to become cheaper than imported coal

The financial close for Phase II will enable the mine to be expanded from the existing 3.8 mt per annum to 7.6 mt per annum, which will feed coal to two additional 330 MW mine mouth power plants. These plants are being established by Thar Energy Limited (TEL), a JV of HUBCO, Fauji Fertilizer Company and CMEC, and Thal Nova Power Thar Limited (TNPTL), a JV of Hub Power Company Limited, Thal Limited, Novatex Limited and CMEC. They are expected to come online by mid-2021.

The expansion of the mine and the subsequent construction of the power plants will increase power output from Thar Block II to 1320 MW, while the basket coal tariff will also reduce by approximately 30% to USD 44/t (USD 3.99/MMBTU) and become cheaper than imported coal at port (USD 4.2/MMBTU). The power tariff of existing Thar coal-based IPP’s will be lowered by ~PKR 2.07/KWh, resulting in savings of approximately PKR 9.29 billion on an annual basis. With the completion of this phase, Pakistan is expected to record foreign exchange savings of more than USD 100 million every year on account of lower fuel imports.

Speaking about the FC Declaration, Sindh Energy Minister, Mr. Imtiaz Ahmed Sheikh said that, “Financial Close of SECMC’s Thar Block-II Mine Expansion Phase 2 is a key step towards Realization of the Thar Dream, which will enable us to reduce the Thar Coal tariff while taking the total power output from Thar Block-II to 1320 MW.  Government of Sindh is fully committed to ensuring that the benefits of this huge indigenous resource are not only passed on to the consumers but more importantly this project can become an engine of prosperity for the people of Thar”.

Chief Executive Officer of SECMC – Syed Abul Fazal Rizvi – said: “The expansion of this mining project is a key step towards ensuring energy security for Pakistan and delivering on our commitment to provide Pakistan with abundant, economical and indigenous energy source. The coal reserves of Thar will pave the way for country’s prosperity, while also ensure employment opportunities and socio-economic development for the local Thari people. We also remain committed to our mission that local people should continue to enjoy the fruits of this project with an improvement in their quality of life through access to better facilities of health, clean water, education, livelihood opportunities and civic infrastructure”.

Jubilee Life Insurance receives Pakistan Stock Exchange Top 25 Companies award

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Jubilee Life Insurance receives Pakistan Stock Exchange Top 25 Companies award

Karachi (Muhammad Yasir) Pakistan Stock Exchange held the Top 25 Companies Awards Ceremony, to honor the top companies of Pakistan, in Karachi on other day.  This is the most prestigious and sought out recognition for the corporate sector of Pakistan. The occasion was graced by the Honourable Prime Minister of Pakistan, Mr. Imran Khan.

The companies winning the awards belong to a broad spectrum of industries meeting or exceeding the pre-requisites of Capital Efficiency, Dividend Distribution, Growth in Operating Revenues, Turnover, Corporate Governance and Investor Relations

Prime Minister Imran Khan, along with other senior government officials, distributed the awards among companies that made it to the Pakistan Stock Exchange Top-25 ranking in the years 2016, 2017 and 2018. Jubilee Life Insurance received the PSX Top 25 Companies award 2016. The award was presented by the Finance Minister of Pakistan, Dr. Abdul Hafeez Shaikh to Mr. Farhan Faridi, Group Head – Retail Distribution, Jubilee Life Insurance.

 

ACCA, Akhuwat to support micro-entrepreneurs, promote financial literacy

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ACCA, Akhuwat to support micro-entrepreneurs, promote financial literacy

Lahore (Muhammad Yasir) ACCA (the Association of Chartered Certified Accountants) and Akhuwat have signed a Memorandum of Understanding (MoU) which will help micro-entrepreneurs in the country to get access to professional support and develop financial literacy.Both the organizations have agreed to work closely on improving the financial literacy among micro-entrepreneurs who take interest-free loans from Akhuwat to help them with their business success and sustainability. ACCA will allow micro enterprises across the country to benefit from the world-class knowledge and rich experience of their highly sought-after qualified professional accountants free of cost to help small businesses to grow faster and generate greater opportunities for the economy.

Speaking at the MoU signing ceremony in Lahore, head of ACCA Pakistan, Sajjeed Aslam said,

“In Pakistan, ACCA and its members are working to drive financial literacy at the bottom of the pyramid. We feel it’s important to empower micro enterprises with basic tools that will make them embrace it, so that they don’t wake up one day and say “my money is missing”. The accountancy profession is doing great things in the corporate sector but we also need to do more for people who don’t have the resources but have big dreams.”

“This initiative will have a huge impact on our economy. Both ACCA and Akhuwat are committed to end poverty in the country and put our economy on a road to prosperity.”

Akhuwat’s Founder, Dr Amjad Saqib also spoke at the event. He said,

“Our mission is twofold. Akhuwat is world’s largest interest free microfinance organisation that does not only encompass around empowering the unprivileged by giving them interest free loans but we also are striving to gauge the other needs of our community members and serve them accordingly. We’re very excited to join forces with world’s leading body for professional accountants and our partnership will help us do more for the country and its people.”

It was also agreed that ACCA will help the students studying at the educational institutes run by Akhuwat to build a rewarding career in accounting and finance and support them in their educational and career journeys.

Previously, Akhuwat was also awarded the ACCA Approved Employer status in recognition of the support it provides to ACCA trainees working towards the ACCA Qualification.With more than 219,000 fully qualified members and 527,000 students worldwide, ACCA is the leading global body for professional accountants which uses its unrivalled connections across the world to connect people with fulfilling careers, organisations with the best finance talent, and economies with the ingredients for growth. Akhuwat is a non-governmental organisation, compassionately working on improving the lives of the underprivileged; those who are financially abused, abandoned and disregarded by the society. Akhuwat is supporting over 4 million households through interest free small loans currently touching Rs100 billion and is also active in the education sector.

Dawlance displayed its appliances at Dawn Lifestyles Expo

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Dawlance Appliances Participate at Dawn Lifestyles Expo 2019

 Lahore (Muhammad Yasir) Dawn’s “All About Lifestyles” Exhibition is considered to be the definitive showcase of all that is new and imaginative in Pakistani lifestyle trends. Recently, the leading technology-enterprise of Pakistan – Dawlance participated in this largest consumer expo, with a vision to maximize consumer-engagement.

Through this participation, Dawlance inspired the interest of the audience to keep them abreast of the company’s new product portfolio. With major focus on Small Domestic Appliances and cooking equipment, the strategic goal for the upcoming year, is to present these categories and technology, in all its glory, at such exciting and popular events.

During this exhibition, Dawlance featured two vibrant stalls in the Hall-1, at Karachi Expo Center. One stall was dedicated to cooking and kitchen appliances, where major engagement took place, attracting the visitors with live-cooking and an experience-zone. The other stall was dedicated to Dawlance’s new launches and premium product-lines, along with an array of high-quality, reliable domestic appliances.