Category: Business

Pakistan (Muhammad Yasir) Saquib Ahmad, Country Managing Director, SAP Pakistan, held a media meet-up at a local hotel to apprise the press of the impact and contribution of SAP’s operations in Pakistan.

 SAP is deeply-rooted in all segments of business and operations. For Pakistan, it has been instrumental in shaping and expanding the industry to create a global footprint for commerce and business.

 The avenue created an excellent opportunity for Mr. Ahmad to showcase and explain SAP’s contribution and ongoing enrichment of the business operations of their clients, large and small. 

 “From industries producing household products, to automobile and energy industry, education networks, pharmaceutical companies and textile hubs, SAP has proven to be the success factor in enabling them with expansion and efficiency towards meeting targets and widening the horizon.” Saquib further added that the list of clients for SAP Pakistan varies from conglomerates to Small and Medium Enterprises (SMEs), and SAP is equipped to provide a tailor-made solution to consolidate all the requirements of the client and enhance it to achieve desired vision. He validated this further by relaying the example of a retail store that utilized the services of SAP and grew from a single unit to a national-level entity.

He was clear on SAP Pakistan’s vision. Profound yet simple, to help the world run better and improves people lives better. SAP, through their software, ensures a design and workflow that impacts the lives of the users (company and customers) most positively.

Answering one of the questions from the media regarding the security of sensitive information, Mr. Ahmad elaborated, “SAP ensures and controls security at all levels. We guarantee full compliance with all governmental protocols”. SAP’s strength lies in its efficient supply chain that expedites and delivers on time.

Mr. Ahmad emphasized the support provided to the economy by SAP. It enables economic expansion and creates more employment opportunities. The digital transformation provided by SAP helps creates a larger international footprint for Pakistan.

Presently, SAP holds a 70% market share for digital and IT-related services in all realms of business, industry, and education and is working towards an energized ecosystem for technology-driven Pakistan with a global presence.

Pak-Qatar Asset Management Company Limited announces approval of Shariah Compliant Collective Investment Schemes

Karachi (Muhammad Yasir) Pak-Qatar Asset Management Company Limited (PQAMCL) recently announced that SECP has accorded approval for the launch of its Shariah Compliant Collective Investment Schemes (Mutual Funds). PQAMCL is going for IPO of its funds. PQAMCL obtained its license to operate as an Asset Management Company and Investment Advisor in December, 2021.

The Company has obtained approval to launch three (03) Shariah Compliant funds along with six (06) plans catering needs of masses. PQAMCL, being a group company having strong takaful arms will augment Takaful benefits with its investment plans.

Farhan Shaukat, CEO, Pak-Qatar Asset Management Company Limited said on the launch occasion, “We are pleased to announce obtaining approval to offer a wide variety of Shariah Compliant collective investment schemes with a flavor of Takaful which is unique in the existing market that allows our customers to diversify their investment portfolio. We are also the second company that is exclusively offering the Shariah Compliant Collective Investment Schemes in Pakistan. We aim to encourage our customers to invest in our funds that are designed specifically for their investment needs. We are looking forward to providing the best investment solutions in the country to our customers”

PQAMCL has a vision to “improve people’s lifestyles through the right investments with Riba-free returns”. With our expertise, we aim to offer our valued customers with the best-in-class technology advanced investment solutions, mutual funds, and investment advisory services.

Pak-Qatar Asset Management Company Limited is a part of the Pak-Qatar Group, which comprises of Pak-Qatar Family Takaful Limited (PQFTL), Pak-Qatar General Takaful Limited (PQGTL), and Pak-Qatar Investment Limited (PQIL). The Group has been operating in Pakistan since 2007 and has a rich and diverse experience of more than 15 years in providing protection and investment solutions through Takaful. PQAMCL is registered with and supervised by, the Securities and Exchange Commission of Pakistan (SECP). A Qualified Shariah Scholars certify all products and operations for Shariah compliance.

 

Pakistan (Muhammad Yasir) A prominent housing society, Sialkot Motorway City (SMC) has entered into a partnership with the world’s renowned company, Surbana Jurong (Sj) to plan and design the iconic residential project. The agreement signing ceremony took place in Sialkot, where officials of both the companies signed the agreement. Other senior officials of SMC and Sj were also present at the occasion.

The Sialkot Motorway City project was launched with the aim to deliver an iconic residential project to redefine the luxurious lifestyle for living in Pakistan. Like Singapore and other world’s top class cities, the SMC residential project will be the first master plan of its kind in Pakistan. The project will attract huge investment in the country. As Exclusive Sales partner, the 5G Group of companies is ensuring the project. The SMC residential project is the joint venture of MAZ developer and 5G Group of companies.

Surbana Jurong is the world’s renowned town designing, planning, managing and delivering consultancy firm with 70 years of successful track record. Sj has built more than a million homes in Singapore, created master plans in more than 60 countries and developed over 100 industrial parks globally.

Sj said that as a master planner of the SMC housing society, the company will prepare better plan for the SMC project as compared to the Singapore city. They said that SMC will give a new identity to Sialkot as well as Pakistan as a whole.

Mr Muhammad Usman Khan, Chairman 5G Group of Companies was present on the occasion of the contract signing ceremony. He discussed the revolutionary business opportunities that the SMC game changing project is expected to offer.

The housing society is easily accessible from main Sialkot city and the nearby towns. The project is located on the main Wazirabad Road on Motorway starting junction and at 10 minutes’ drive from Sialkot Cantonment. Motorway and Sialkot Airport are situated in close vicinity of the housing society.

For Further details Sialkot Motorway City official UAN number is 0304- 11 12 013.

 

 

Dastgyr Joins Hands with MoEngage to Leverage its Insights-Led Customer Engagement Platform

Pakistan (Muhammad Yasir) Dastgyr, a Pakistan-based B2B E-commerce marketplace platform has partnered with MoEngage, an insights-led customer engagement platform, to better engage with its customers by understanding behavior and driving customer-centric strategies.

Having recently raised US$37 million in a Series A round, Dastgyr connects thousands of retailers with suppliers, ultimately providing its customers with real-time visibility on pricing and financing rates.

Fulfilling over one million orders from 100,000+ customers, Dastgyr is working to ease the lives of mom & pop stores in Pakistan by boosting the income levels of both store owners and sellers. The E-commerce marketplace democratizes access to digital platforms for buying and selling. To drive benefit for the underserved retailers, Dastgyr needs to encourage adoption and engagement with its app. Driving app adoption has been a struggle owing to the resistance to technology among older store owners.

To better engage customers, it was essential to understand their behavior, accordingly create segments, then experiment with growth strategies based on the segment. The Dastgyr team could then iterate and frame new engagement strategies based on the results. With these objectives in mind, the  B2B E-commerce marketplace platform partnered with MoEngage to drive the desired business results.

‘We are delighted to partner with Dastgyr in their mission of connecting 2 million underserved retailers to suppliers. We’re dedicated to providing them with the insights they’re looking for. We’re also empowering Dastgyr to monitor customer journeys closely and automate triggers to speed up conversions. We’ve also added a layer of seamless support to help achieve their business goals’, said Shivangi Boghani, Associate Vice President – India, Middle East & Africa, MoEngage, while discussing the partnership.

Dastgyr can gather meaningful customer insights as they grow and expand into different verticals. The B2B E-commerce marketplace can now run targeted engagement and improve chances of final conversion, streamline onboarding, and boost retention.

 Talking about the integration, Asna Ashraf, National Growth Lead, Dastgyr, said, ‘Prior to implementing MoEngage, we were using large databases to extract and analyze insights, which rarely went beyond the surface level. With MoEngage, we have a streamlined approach to creating customer cohorts, from time spent on specific in-app features to utilizing RFM analysis. The insights-led approach has been instrumental in driving better adoption of our platform among retailers, suppliers, and end consumers. We look forward to utilizing MoEngage better and driving our business goals more effectively’.

Dastgyr joins the growing list of 1200+ global companies across 35 countries, such as Landmark Group, Edkasa, Krave Mart, Creditbook, Aimfit, Maqsad, Commercial Bank of Dubai, Airtel, Ola, Oyo, Mashreq Bank, among others, that trust MoEngage to deliver a consistent experience across multiple devices and touchpoints.

Lahore (Muhammad Yasir) Mr. Mukarram Jah Ansari, Member Customs, Federal Board of Revenue (FBR), has assured the All Pakistan Textile Mills Association (APTMA) of resolving all customs related issues on priority.  

He was speaking to the APTMA members during his visit to APTMA House on Tuesday. Ms. Rabab Sikandar, Chief Collector Customs, Mr. Mubashar Baig, Director General IOCO, Ms. Anbreen Tarar, Collector Customs Appraisement, Lahore, Mr. Saeed Wattoo, Collector Customs Faisalabad, and Mr. Nayar Shafiq, Collector Customs Sialkot also accompanied him on the occasion.  

Chairman Northern Zone Mr. Hamid Zaman along with Senior Vice Chairman Mr. Kamran Arshad and Secretary General Mr. Raza Baqir received him at APTMA House, Lahore.  

Member Customs said that exports are the top priority of the government and keeping this in view APTMA was the very first organisation he was visiting after assuming the office of Member FBR.  

He said necessary changes will be incorporated in the relevant rules, regulations and laws whenever required. He added Pakistan Single Window is being upgraded and some 74 departments will be incorporated in it. He added that Port Community System and trade information portal will also be in place to facilitate the industry and necessary awareness sessions will be arranged shortly for information of trade and industry.  

He continued to state that in order to develop indirect export module for EFS before mid October, 2022. He also appointed Collector Faisalabad as focal person to resolve issues relating to wastages etc of textile sector.  

He asked APTMA to appoint a focal person to resolve issues on the module related to indirect exporters.  He also appointed Collector Faisalabad as focal person to resolve audit issues of the industry.  

Earlier, in his welcome address, Chairman APTMA North Zone Mr. Hamid Zaman highlighted several impediments in the implementation of Export Facilitation Scheme (EFS) introduced in July, 2021.  

According to him, the Indirect Export Module has yet not been deployed and manual filing of Indirect export GDs creating banking and refund difficulties. Also, he pointed out that the department was not allowing transfer of plant and machinery in case of the merger of The production units.  

He said the concept of revolving values should be Introduced where the amount of exported goods may be automatically restored in approved value. Also, automatic switching from any existing scheme to EFS without audit etc., Should be allowed under the scheme.  

He said the system should show available face value.  Module for zero rated procurement of local inputs not yet implemented, which requires immediate attention.  

He said the renewal of manufacturing bond licenses held up for want of PCA audit was  resulting in suspension of whole manufacturing and exports.  

According to him, Custom duty may be charged at the net transactional value, excluding  freight, port handling charges etc., as the WTO agreement authorizes  member states to include or exclude such charges.  

He further said that a lack of coordination between shipping line and customs was causing delays. There is a need of introducing digital audit and doing away with routine audit of calling voluminous record of all imports, purchases, manufacturing / supplies.  

He also suggested the implementation of open door policy at least for two hours a day.  

Mr Kamran Arshad presented vote of thanks while a memento was also presented to the visiting Member Customs at the end of the meeting.

TECNO Launched Camon 19 Pro in Pakistan with 64MP Bright Night Portrait camera with RGBW Technology and 0.98mm Slimmest Bezel

Lahore (Muhammad Yasir)  TECNO, a leading smartphone brand, has launched the much-awaited Camon 19 Pro in Pakistan. The camera-centric Camon series has brought yet another innovation in camera technology unlike anything seen before. TECNO Camon 19 Pro, the industry’s first-ever smartphone with a 64MP Bright Night Portrait with RGBW (G+P) sensor and 0.98mm Slimmest bezel, is now being launched in Pakistan.

Camon 19 Pro is equipped with Industry-Leading Features in camera and design. It has a 50MP Portrait camera lens with 2X Zoom, with a human eye-like image sensor, and a 32MP selfie camera (four in one technology) with an AI beauty feature. The smartphone camera functionality also features Super Night mode, Camera Pro mode, and Sky shop to enhance the photography experience for its users.

The fashion-forward Camon 19 Pro has made its name well known in the design segment as a winner of the IF Design Award for its 0.98mm Slimmest Bezel. The dazzling back shell hosts 200 million stars-like particles giving a feel of the bright starry sky. This straight-frame and trendy design smartphone with a delicate touch, non-stick fingerprints, and premium texture give a premium look.

“We are ecstatic to share that TECNO has achieved a new milestone in Pakistan with the launch of its first smartphone, which features the slimmest bezel and 64MP RGBW technology.” said the CEO of TECNO Mobile, Kelvin Zeng. He further added, “In the Pakistani market, TECNO has once again made history by offering features that are unmatched in the industry. This smartphone will represent an upscale model in its category with the best possible blend of tech, inventiveness, and aesthetics.”

The smartphone’s 120Hz higher refresh rate display, TüV Rheinland Certified, offers an ultra-smooth user experience with a 6.8″FHD+ display that delivers expert-level Visual Feast thanks to its 0.98mm incredibly low bezel and a higher screen-to-body ratio of 94.26%. The display is also accredited with TUV Rheinland Eye Protection, which blocks damaging Blue Light and provides fatigue-free sensory effects. The smartphone is packed with a MediaTek Helio G96 processor, a powerhouse for hassle-free usage, 8GB + 5GB extendable RAM, and a 5,000mAh battery with a 33W flash charge.

TECNO Camon 19 Pro is available in two vibrant colors: Eco black and Polar Blue. The smartphone is now available in offline markets across the country, and through Daraz for buying online at an exciting price of PKR 49,999.

Landing page link:

https://www.daraz.pk/products/camon-19-pro-678-fhd-dot-in-ips-display-128gb-rom-8gb-ram-rear-camera-64mp56mp-2mp-front-camera-32mp-i351102233-s1782450036.html?spm=a1zawk.20858495.0.0.603e4edfd978YU

Karachi (Muhammad Yasir) Chairman NADRA gave a briefing on the development and provision of data related to ongoing relief activities in flood-affected areas of Sindh. Briefing the CM Sindh, Chairman NADRA informed that NADRA employees, offices and NADRA operations have also been badly affected due to unprecedented torrential rains and floods. He said that NADRA as a national organization is facing various challenges due to the situation created by floods and heavy rains. He said that on the one hand our employees are facing personal problems due to flooding situation and on the other hand they have started the process of making identity cards of flood affectees after restoring their affected operations. He said that the NADRA offices in Sindh were damaged due to floods and heavy rains. 38 office buildings were severely affected by the rains due to which the operations of NADRA were also temporarily stopped. Tariq Malik said that rehabilitation work was started on 20 affected NADRA offices on emergency basis. Technical systems and equipment were secured and operations were resumed by completing immediate rehabilitation of the buildings. He said that additional mobile registration vans (MRVs) have been deployed outside the offices at all flood affected Tehsils so that the flood affectees can submit their ID card application by just giving their thumb prints. Chairman NADRA said that taking immediate action, NADRA administration has deployed 18 mobile registration vehicles in the flood affected areas so that the flood victims can easily process their ID cards and get reliefs funds. He said that especially mobile registration vehicles have been deployed in Tehsil Pano Akil, Kandhkot, Thull, Dokri, Thari Mir Wah,Pir Jo Ghot and Mehrab Pur to manage the influx of flood affectees at the offices at the these Tehsils. While giving a briefing, Chairman NADRA said that apart from this, NADRA has extended the date of expiry of CNIC till 31 December 2022 in all the flood-affected districts of Sindh, including Badin, Dadu, Ghotki, Hyderabad, Jacobabad, Jamshoro, Qamber Shahdadkot, Kashmore, Khairpur, Larkana, Matiari, Mirpur Khas, Nowsheroferoz, Sangarh, Shaheed Benazirabad, Shikarpur, Sajawal, Sukkur, Tando Allah Yar, Tando Mohammad Khan, Thatta, and Umarkot. In the briefing, Chairman NADRA said that the houses of 34 NADRA employees were completely damaged due to flood while the houses of around 700 employees were partially affected. Considering the current situation in the flood affected areas, NADRA’s role in relief activities and timely response is commendable, he informed. He informed that NADRA offices in Kandhkot, Qaziabad, Shahdadkot, Dokri, Khairpur Nathan Shah, Thari Merwah and Mirpur Mathelo were completely affected by the flood water where NADRA operations are still suspended. Tariq Malik informed the Chief Minister Syed Murd Ali Shah that NADRA is coordinating the process of identification of the unidentified bodies of the flood victims with the district administration along with providing facilities to the citizens regarding ID cards.

Group picture shows Murtaza Wahab, Administrator KMC along with Taha Saleem, DC Central, Muzzamil Athar, Head of IT and Data decision M&P and others at the Opening ceremony of Ibn-e-Insha Park under public private partnership b/w DC central and Dell Technologies.

 

OPPO Celebrates 18th Anniversary, Building the Future of Intelligent Living with Inspiration Ahead

To mark its 18th anniversary, OPPO will launch the OPPO Global Community and OPPO Inspiring Service Week to deepen its connection with its global user base. OPPO will release a documentary series telling the stories of OPPO employees and the inspiration behind their work. OPPO will continue investing in sustainable development initiatives as it seeks to bring the benefits of technology to more people

Karachi (NUT Desk) Tomorrow, on September 17, global technology company OPPO will celebrate its 18-year anniversary. Since its founding in 2004, OPPO has remained committed to its user-centric approach to technology while continuing to push the boundaries of technological innovation. From its origins as a consumer electronics company, OPPO has evolved into a full-service technology company that serves global users with integrated software, hardware, and service solutions, leading the development of smart devices and services in markets worldwide.

Whether innovating in quality on its early audio players and feature phones, delivering breakthroughs in flash charge technology and new smartphone form factors, or developing cutting-edge innovations with the MariSilicon X NPU, OPPO has always sought to discover the Inspiration Ahead as it looks to elevate the technology industry and create a better future through its ongoing innovation.

Today, OPPO is the world’s fourth-largest smartphone brand, serving customers in over 60 countries and regions in Europe, Asia-Pacific, Latin America, the Middle East, and Africa, and maintaining strategic partnerships with over 80 telecom operators worldwide.

To celebrate its 18th anniversary, OPPO has launched a series of new online and offline services and activities to enhance its connection with users and improve their user experience:

OPPO Global Community

The OPPO Global Community (community.oppo.com) will officially launch tomorrow.  The Community has been created to provide an inclusive and open ecosystem for all OPPO users to engage, interact, and share with OPPO and with each other over the long term. The Community will also act as a hub for a number of different programs. These include the OPPO Product Ambassadors Program, which will provide users with opportunities to experience OPPO’s latest products and innovations before anyone else; the O-Chat open forum, where users around the world can discuss OPPO products and technologies freely; and OPPO Lifesetter, which invites users to share their own life stories to help inspire others.

Through the OPPO Global Community, OPPO users and tech enthusiasts will be given more intuitive and convenient access to information and updates about OPPO and OPPO activities, as well a channel for in-depth communications with OPPO technical experts about their experiences with, and insights into, OPPO products and services. The Community will also provide OPPO a more effective channel through which to communicate with users directly, receive practical feedback on products and services, and further understand the needs of users worldwide.

OPPO Inspiring Service Week

The OPPO Service Center operates more than 2,500 service sites around the world, each of which is committed to providing high-quality expertise and trusted services to customers so that every OPPO user can enjoy the full benefits of OPPO technologies and products. From the 10th to the 12th of each month, OPPO offers exclusive benefits as part of OPPO Service Day at over 900 Service Centers in 24 countries and regions. Offers include discounts on repair services, free disinfection services, and more.

From the 10th to the 17th of September this year, OPPO Service Day has been upgraded to OPPO Inspiring Service Week in over 320 Service Centers across 21 countries and regions in Asia, the Middle East, and Africa. During OPPO Inspiring Service Week, those visiting OPPO Service Centers will be able to enjoy discounts on smartphone repair products and accessories, as well as free labor costs, free protective films, free software upgrades, and free maintenance. The service hours of the Centers will also be extended, and selected centers will even offer specialty local drinks for customers, providing more convenient, comprehensive, and thoughtful services.

In addition to the OPPO Global Community and OPPO Inspiring Service Week, OPPO has also released a series of documentaries telling the story of employees together with OPPO’s growth from their own perspectives.

In one documentary, Saritha Bandaru, Principle Engineer of Camera Innovation in OPPO India R&D, discusses how she identified local user needs from Indian culture and customers and led her team to develop an image algorithm that provides beautification without removing the Bindi worn by Hindu women. Li Hong, a Senior Sound Designer at OPPO, talks of being inspired by his daily life experiences to create the Sounds of Cities feature in O-Relax and help people relax through the beauty of sound. Cheng Sheng, Senior Product Manager for Advanced Technology at OPPO Research Institute, shares details of how she explored cutting-edge technologies while working on a robotic dog project with her team. Dan Amariei, Head of Retail for OPPO AED Romania, discusses leading his team through the difficulties of the covid pandemic and successfully bringing OPPO to Romania.

Despite their different backgrounds and origins, all OPPO employees share the same passion for discovering unmet user needs and searching for new ways to deliver innovation. Through their shared belief in OPPO’s brand proposition “Inspiration Ahead”, they have shown the strength of character to face all challenges with a calm and optimistic mindset. By constantly optimizing every detail of OPPO products and services, they have brought the benefits of technology to more global users.

In addition to providing great products and services over the past eighteen years, OPPO has also played an active role in undertaking its corporate social responsibility. Guided by the mission of “Technology for mankind, Kindness for the world”, OPPO is making a long-term investment in four key areas, including environment protection, youth empowerment, digital inclusion, and health and wellbeing:

Environmental Protection: OPPO has been committed to integrating the concept of sustainability into the entire lifecycle of its products. Apart from reducing the plastics used in the packaging, OPPO also strives to improve the lifespan and durability of its products. Among these initiatives, OPPO’s self-developed Battery Health Engine (BHE) helps smartphone batteries maintain more than 80% of their original capacity after as many as 1,600 charge-discharge cycles, which is twice the industry average.

Youth Empowerment: OPPO Renovators Emerging Artists Program has been launched for four consecutive years to encourage young creators to unleash their creativity and imagine the future of technology through art.

Digital Inclusion: OPPO believes in the virtue of technology and is committed to improving the product design for accessibility and the elders, to cater to the diverse needs of different groups. OPPO was one of the first to identify those with Color Vision Deficiency and introduce the Color Vision Enhancement feature, which offers up to 766 display profiles to help them enjoy a more precise color display.

Health and Wellbeing: Launched by OPPO Health Lab, OPPO Health Research Kit includes a full suite of tools to help healthcare professionals collect and analyze data, making health research easier. OPPO also cares about the mental health of our users and introduces the O Relax application, which includes a series of relaxation sounds and games to help users relax in a fun way.

Earlier this year, OPPO also launched the OPPO Research Institute Innovation Accelerator to empower technology professionals and entrepreneurs to bring their innovations to life. With the theme of ‘Virtuous Innovation’, the program sought proposals related to the two subjects of Accessible Technology and Digital Health. This year, OPPO has received 536 proposals from 39 countries and regions, and the top 10 winning proposals were awarded grants of around USD $46,000 each, as well as further opportunities for investment, technological support, research, commercial partnerships, and global promotion from OPPO and its partners.

Looking to the future with “Inspiration Ahead”, OPPO will continue to evolve its brand and business to deliver more value for both consumers and society. On the business side, OPPO will focus on the four key future directions of smart learning, smart productivity, smart entertainment, and smart healthcare, as it continues to develop user-centric innovations and create a more intelligent living for its users worldwide. At the same time, OPPO will continue to invest in its sustainable development, empowering global users with greater confidence and optimism while working to build a better future for all.

Karachi (Muhammad Yasir) TransKarachi, a public sector company established and owned by the Government of Sindh to carry out the project implementation of the $504 million Karachi Bus Rapid Transit (KBRT) Red Line, has signed a memorandum of understanding (MoU), with the reputable Nadirshaw Eduljee Dinshaw (NED) University of Engineering & Technology. Following the partnership, TransKarachi and NED University will collaborate on capacity building initiatives in the areas of transport infrastructure, drainage design as well as resource optimization and gender mainstreaming to facilitate the performance of the entire KBRT Red Line network for citizens of Karachi. The two institutions will also work on research projects and papers with an emphasis on developing traffic flow models, real-time traffic measurement tools and smart traffic controls and jointly execute surveys, focus group discussions and interviews to create awareness about urban public transport and address gender-based violence.

To mark the occasion, an MoU Signing Ceremony was held at the Senate Hall, Main Campus – NED University on the 15th of September 2022. Present at the occasion from TransKarachi were: Chief Executive, Wasif Ijlal, General Manager Operations, Ahmad Kidwai, General Manager, Planning and Infrastructure, Dr. Murtaza Bukhari, and Chief Financial Officer, Jatin Kumar while NED was represented by Vice Chancellor, Dr. Sarosh Hashmat Lodi, Pro Vice Chancellor, Professor and Dean, Faculty of Chemical & Process Engineering, Dr. Tufail and senior faculty members. Speaking at the occasion, Wasif Ijlal, CEO, TransKarachi said, “We are extremely honored to partner with an institution of such great repute. NED University is the hub of technology and I truly believe that this collaboration will transform the public mass transit landscape of Karachi.” The Vice Chancellor of NED University, Dr. Sarosh Hashmat Lodi said, “Our team at NED University takes deep pride in helping TransKarachi achieve its vision of creating a world class mass transit system for the people of Karachi. NED University produces thousands of qualified engineers every year and we will stay committed to provide our support in terms of capacity building and technical capabilities. The public may face some hindrances during the construction of the BRT Red Line, but our focus is on the bigger picture.” The $504 million Karachi Bus Rapid Transit (BRT) Red Line project is sponsored by the Government of Sindh, with financial assistance from the Asian Development Bank (ADB) and co-financiers, including the Asian Infrastructure Investment Bank (AIIB), the French Agency for Development (AFD), and the Green Climate Fund (GCF).