Meezan Bank collaborated with IBA CEIF

Karachi (Muhammad Yasir) The IBA, Centre for Excellence in Islamic Finance (IBA CEIF) conducted one day Executive Learning course on Shari’ah Compliant Business Solutions for Corporate Customers.

The course provided the insights to the participants about the Islamic financial and banking solutions for businesses. The session also covered the basic parameters of Shari’ah framework and its modern-day application in Islamic banking and capital markets. The course progresses to cover the solutions for business related to Islamic financing modes for working capital financing and Sukuk as an ideal capital market instrument for large corporates and public sector enterprises.

Meezan Bank collaborated with IBA CEIF for this course and invited its corporate customers to attend the executive course on Islamic banking solutions.

Senior Finance Managers, CFOs, Director Finance, CEOs and other senior officials from leading corporate and business houses from Lahore participated in the course.

Pakistan is moving towards sustainable socio-economic growth with reforms in TVET sector: Chief Secretary Sindh

German diplomat stresses more efforts to sustain skills development pace

Karachi (Muhammad Yasir) Consul General of Germany in Karachi, Mr. Holger Ziegeler, while assuring continued support of his country for technical and vocational education and training in Pakistan, has urged the government and private sector to ensure sustainability of their joint efforts and achievements in skills development as it would open more job opportunities as well as lead to economic stability.

He expressed these views at a ceremony ‘Showcasing of TVET Reforms in Sindh and Balochistan’ organized in Karachi by the donors-funded TVET Sector Support Programme (SSP) to highlight the programme’s achievements of decade-long efforts in Pakistan.

The TVET SSP is collaborated with the federal government to bring reforms in the TVET sector since 2011. Launch of TVET Policy, National Vocational Qualification Framework, competency-based training approach and engagement of private sector in the reform process are the key paradigm-shifts brought by the government in the past 10 years with the support of TVET SSP.

The programme has been commissioned by the German Ministry for Economic Cooperation and Development (BMZ) and is being implemented by the Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ) GmbH in collaboration with the National Vocational and Technical Training Commission (NAVTTC), provincial Technical Education and Vocational Training Authorities (TEVTAs) and large number of private sector organizations.

The Germany diplomat said that he sees great potential in not only relying on jobs but also entrepreneurship models and development of small and medium level enterprises for people to benefit from economic opportunities in Pakistan.
“We hope that the TVET SSP continues to bring change in the lives of people of Pakistan and will ensure sustainable growth for the society and the economy of Pakistan,” he remarked.

Chief Secretary Sindh, Mumtaz Ali Shah was the Chief Guest on the occasion, besides Country Director GIZ Pakistan Mr. Tobias Becker, Ms. Iris Cordelia Rotzoll, Head of TVET SSP, Chairman NAVTTC Syed Javed Hassan and all the stakeholders of TVET SSP attended the event.

In his remarks as chief guest, Chief Secretary Sindh, Mumtaz Ali Shah said that after a decade of reforms in TVET sector and with the support of European Union, Germany and Norwegian Embassy, Pakistan is moving towards sustainable socio-economic growth. “Our huge pool of young graduates entering the job market every year can now have maximum job opportunities and entrepreneurship options to avail through their skills polished thanks to TVET SSP,” he said.

Earlier, in her welcome remarks, Iris Cordelia Rotzoll said that TVET reforms initiated in 2011 by the Government of Pakistan were the best initiative for the people especially for the youth to bring them in the mainstream of skilled work force. “We are satisfied that TVET SSP assists the government in the great cause and it achieved the best output,” she maintained.

Chairman NAVTTC Syed Javed Hassan said that initiatives like TVET SSP are essential to bring opportunities for youth to compete in the national and international labour markets. NAVTTC in close collaboration with the GIZ are equipping thousands of young people with competency-based trainings and preparing them for employment opportunities for skilled workers.

Tobias Becker remarked that Pakistan is a country with great potential not only in physical resources but in human resource too. “We have just to polish the skills of youth and they emerged as the best skilled force for working in national and international labour market as well. TVET SSP being the flagship programme of GIZ is showing encouraging results,” he said.

Maryam Nawaz dresses up for son Junaid Safdar’s wedding event

Lahore (NUT-FASHION)

PML-N Vice President Maryam Nawaz has once again stolen the limelight by dressing up to the nines for her son, Junaid Safdar’s, wedding festivities. 

For the last few days, Maryam’s pictures from different pre-wedding events have been taking social media by storm, with both critics and fans obsessing over her looks. 

On Tuesday, Maryam opted to wear a stunning, bottle-green sharara for Junaid’s barat. The dress comprised heavy gold embroidery and a net dupatta with delicate pink floral work. 

In terms of jewellery, Maryam wore a gold necklace and a gold-and-emerald tiara which enhanced her traditional look.

On the other hand, the groom opted for a crisp white sherwani and traditional white headdress. The father of the groom, Captain Safdar, chose a navy-blue suit that he teamed with a pink headdress. 

Junaid’s reception, who got married in London in August, is scheduled to take place on December 17 in Lahore. 

The Sharif family has celebrated several pre-wedding events over the course of the last two weeks.

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Namibia captain offer to play for ‘free’ in PSL 2022 after Kamran Akmal steps back

Lahore (NUT-DESK)

Following Pakistani cricketer Kamran Akmal’s decision to leave the Pakistan Super League (PSL), Namibian skipper Gerhard Simpson has shown interest to play in the tournament, that too for “free” if need be.

The second-highest run-scorer Kamran Akmal was selected in the ‘Silver’ category during the PSL draft by his previous team, Peshawar Zalmi. However, he refused to play after being selected as the last option and considered this action as “humiliation.”

Replying to a tweet shared by ESPNcricinfo, the Namibian player wrote: “Pick me. I’ll be there for free.”

In a conversation on his YouTube channel “Catch and bat with Kamran Akmal”, the cricketer had said: “Perhaps the team has no use for me anymore.”

Akmal went on to say that PSL would do better to give a chance to younger players “rather than pick me in the Silver category”.

The wicketkeeper-batsman had said that when his category changed from Platinum to Gold last time, he was taken aback.

He had said he believes he is deserving of the Gold category based on his performance “but they picked me in the Silver category”.

“I do not think I should play in the seventh edition of the PSL,” Akmal had said.

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WhatsApp rolls out new feature for voice notes

Lahore (NUT-DESK)

Meta-owned instant messaging platform WhatsApp on Tuesday revealed that the users can now preview their voice messages before sending them.

“They’re not mistakes, they’re rehearsals,” Whatsapp shared on Twitter. “Now you can preview your voice messages before you hit send.”

Sharing a 27-second video clip providing details of the new feature, the instant messaging app said users can now “express themselves with voice messages they can preview.”

Meanwhile, WhatsApp on Monday announced that it would roll out the “Disappearing Messages” feature within the next week.

According to a status shared by the messaging company on Twitter, the feature will allow users to choose how long their messages stay around.

“With Disappearing Messages, you choose how long your messages stay around. Set to default on all new chats, choose the duration, and get more control of your conversations. Not every message needs to stick around forever. Rolling out over the next few weeks,” WhatsApp wrote.

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Guddu power plant: GE held responsible for damage

Lahore (NUT-DESK)

Senate Standing Committee on Power has held General Electric (GE) as technically responsible for damage to Guddu 747MW combined cycle thermal power plant (Block-V) in February this year.

The sources said, Central Power Purchasing Generation Company (CPGCL) (GENCO-11) Guddu had signed a contract service agreement with M/s General Electric (GE) OEM, in respect of 747MW, combined cycle power plant Guddu for a period of 16 years.

Under the agreement GE is responsible for scheduled inspection, supply of initial spares, diagnostics and online performance monitoring, O&M advisory services, asset performance management operational excellence system as these are included in the scope of covered maintenance.

The BoD of CPGCL argued that major areas like legal, commercial were not covered in the report and stance of M/s GE had not been taken before arriving at conclusions. The Board has advised that a complete picture after covering all the commercial and legal aspects be placed before the Senate Standing Committee on Power or any other forum, as may be required.

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Starlink Officials Visit PTA

Lahore (NUT-DESK)

US based global satellite broadband provider Starlink’s Director Middle East & Asia, Mr. Ryan Goodnight and Head of Global Site Acquisition Mr. Ben Macwilliam visited Pakistan Telecommunication Authority (PTA) Headquarters, Islamabad today. They met with Chairman PTA, Maj General Amir Azeem Bajwa (R) and Executive Director, Frequency Allocation Board.

During the meeting, the two sides discussed matters pertaining to provision of satellite broadband connectivity in Pakistan and Starlink’s future plans for connecting Pakistan to their global network. Chairman PTA apprised Starlink representatives about PM’s vision of Digital Pakistan and prospects in Pakistan’s evolving market for quality broadband internet. He assured Starlink’s representatives about PTA’s support in line with regulatory framework for Starlink’s operations in Pakistan.

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PTA renews Telenor Pakistan’s licence for 15 years

Lahore (NUT-DESK)

The Pakistan Telecommunication Authority (PTA) has renewed Telenor Pakistan licence at a price of $449.2 million for 15 years, with enhanced terms and conditions for coverage and quality of service. The Authority stated that Telenor Pakistan (Pvt) Ltd has signed renewed license with Pakistan Telecom Authority.

The license signing was held at the PTA Headquarter. The signing was due since 2019. Renewed license has enhanced terms and conditions for coverage and quality of service, as established during the recent Pakistan Spectrum Auction.

The license is renewed at a price of $449.2 million for 15 years, out of which Telenor Pakistan has already paid $333.64 million on account of license renewal fee and applicable mark-up.

Telenor Pakistan stated that it has signed its GSM license renewal template issued by the PTA under protest and without prejudice, said the cellular mobile company.

Despite the signing of the license after paying the fee in full, the company stated it reserves the right to continue seeking a legal resolution to its dispute with the PTA on the case. The PTA had issued a 15-year license for network operations to Telenor Pakistan in 2004, which was due for renewal on May 25th, 2019, a failure of which could impact its nationwide operations.

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OPPO unveils trailblazing, new imaging NPU – MariSilicon X

Lahore (Muhammad Yasir) One of the leading global tech brands, OPPO officially announced its first self-designed cutting-edge imaging Neural Processing Unit (NPU), MariSilicon X. The revolutionary NPU was unveiled on the 2021 OPPO Inno Day.
Built on 6nm process technology, MariSilicon X combines an advanced NPU, ISP, and multi-tier memory architecture to deliver incredible performance with incomparable power efficiency, which makes real-time RAW processing possible to capture stunning 4K AI Night Video with live preview. MariSilicon X will make its debut in Q1 2022 on the Find X Series.

During the event, OPPO’s Senior Director Jiang Bo said, “With more than a decade of experience in pushing the boundaries of image technology, OPPO has been behind some of the biggest innovations in the industry when it comes to camera modules, lenses, and algorithms. Our new cutting-edge imaging NPU is the biggest leap we’ve taken so far.”

MariSilicon X delivers an incredible 18 trillion operations per second (TOPS), more than enough computing power to support our AI algorithms. With a stunning power efficiency of 11.6 TOPS per watt, the NPU delivers top-level performance without draining battery.

OPPO’s latest NPU can achieve up to 20x faster performance compared with OPPO Find X3 Pro, on OPPO’s AI Noise Reduction Algorithm. OPPO’s latest NPU can capture 4K AI Night Video by applying complex enhancements to each frame in real-time.

The MariSilicon X has a powerful ISP that enables images to be captured with an incredible 20bit 120db dynamic range – 4x greater than that of Find X3 Pro. It gives images a contrast ratio of 1,000,000:1 between the brightest and darkest areas of the image, better keeping images true to life.

The new NPU also revolutionizes the imaging pipeline to directly perform real-time 4K AI processing and 20bit HDR fusion in the RAW domain at the pixel level.

OPPO’s MariSilicon X marks a new era in computational photography, it unleashes the power of AI Noise Reduction algorithms to create clearer and sharper videos. It also features greater dynamic range and better color reproduction, allowing each individual frame looking just as rich and defined as a still photo. It is the first time that 4K AI HDR Night Video capturing is made possible on Android phones. MariSilicon X will make its commercial debut on the Find X Series in Q1 2022, bringing with it the most powerful imaging experience for the smartphone.

Careem to bring back bonuses and guarantees, awards best performing Captains of 2021

Lahore (Muhammad Yasir) With the mission of simplifying and improving the lives of people in the region, Careem, the Super App for the greater Middle East and Pakistan, brings back the Captain bonuses in Karachi, Lahore and Islamabad. The initiative was taken to increase Captains earnings and improve their economics by supporting them with additional incentives to work with the platform.

Since the COVID-19 pandemic, Captains earnings took a massive hit as the country saw multiple lockdowns to prevent the virus. With the conditions improving in the country, the demand for the service has also increased, giving the 800,000 registered Captains a chance to earn additional income, improving their lives while strengthening the network, making Careem the largest ride-hailing company in the region.

The new bonuses will allow Captains to earn up to 25% in addition to their basic income. Numerically, Captains can now earn up to PKR 150,000/- with the introduction of the new bonuses. These bonuses have been introduced in Karachi, Lahore and Islamabad, starting with the ‘GO Category’ with plans to expand them across the country and other car types

Careem has always been at the forefront to work towards improving the lives of its Captains. From partnering with organizations to providing education on subsidized rates, discounted pricing on fuel and oil changes, and providing ration packages during the lockdown and distributing smog kits to help them combat the harsh weather. Careem also recently announced to reduce its commissions from 25% to 15% on the Bike category to help them improve their earnings.

Amongst these initiatives, Careem also recognized the efforts Captains have made to ensure the service quality remains at the top and introduced Sitara-E-Careem awards last year to praise their hard work and dedication towards the Customers and Community at large. These awards are given to the best performing Captains who went above and beyond and made lives simpler for Customers.

Careem has more than 800,000 Captains registered on its platform so far and has invested up to $100 million since its inception in Pakistan in 2016. Transforming into a Super App; Careem offers multiple opportunities as it expands its services from the mobility of people to adding mobility of things and mobility of money including food, daily essential deliveries, peer to peer credit transfer and mobile top-ups.