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YAMAHA MOTOR PAKISTAN LAUNCHES NEW YB125Z

Yamaha Motor Pakistan announced the launch of their new model YB125Z at its launch ceremony in Lahore today.

Yamaha Motor Pakistan re-started its motorcycle business in Pakistan 2 years ago with the introduction of YBR125 & YBR125G. After successful acceptance of YBR series especially among youth, Yamaha Motor always feels to introduce a model which would cater every common motorcycle users in Pakistan and today’s introduction of YB125Z is the perfect answer to that.

The model itself is equipped with features like new longer and wider size seat , engine balancer to reduce vibration, powerful headlight halogen lamp, self-starter and gear indication on meter and all this equipped features at a very affordable price tag of Rs.115,900/- and this model will be available in the market from middle of April 2017.

Speaking at the occasion Mr. Hiroyuki Seto, Executive General Manager of Yamaha Motor Co., Ltd. (Japan) tells that Pakistan is now 5th largest motorcycle market in the world, and we are looking Pakistan as huge potential market. And we want to establish our presence in 125 cc standard segment in Pakistan.

Also speaking on occasion Mr. Shigeru Ishikawa, Managing Director of Yamaha Motor Pakistan, highlighted YB125Z as new weapon to cut into mass segment, and we have big confidence in our new product and it’s a time for us “entering the next stage” so our valued customers can now “experience the real”. He also reemphasizes that Yamaha Pakistan is aiming 100,000 units sales in coming a few years and YB125Z will play an important part to achieve our target

Mr. Jawaid Yakoob, General Manager Sales & Marketing highlighted the Yamaha Motor Pakistan strong dealer network of more than 200 sales outlets and 500 after-sales shops to cater the needs of Yamaha customers in Pakistan, and today this new model YB125Z is also be presented to all the dealers of Yamaha who are gathering in Lahore from all corners of Pakistan.

UBER BECOMES MORE AFFORDABLE

As of 6th April 2016, Uber will be reducing rates on UberGO in Lahore and Karachi by up to 20%. This means that not only will riders pay less for their trips but driver-partners will earn more through increased demand.

Over the years, we’ve learned that the single most effective way to help driver-partners get more trips is to reduce prices for riders.

Higher demand means driver-partners will spend more of every hour moving people, less time waiting around and therefore get more money. This is exactly what happened when we reduced fares in cities such as Nairobi, Kenya and Bucharest, Romania. The increase in rider demand meant payments to driver-partners using Uber went up.

Hundreds of thousands of riders across Pakistan already use Uber to get from A to B while Tens of thousands of drivers now use the Uber app across Pakistan.

We are committed to making Uber the most affordable option to move around and our experience shows us we can make that happen while making Uber the best possible app for driver-partners to earn a living.

While these price cuts are beneficial for riders, they are ultimately designed to help Uber driver-partners. This is because a driver-partner who is logged into the Uber app is doing one of three things: sitting idle while waiting for a trip, on their way to pick up a rider, or carrying a rider to their destination. Only the third scenario is when a driver-partner is earning a fare.

Speaking about the price cut General Manager for Uber in Pakistan, Safee Shah, explains, “We are committed to driver-partners and that Uber remains an attractive option for them – without them, we can’t help keep our Pakistani cities moving. We believe these price changes will help increase demand – meaning more paying passengers in drivers-partners vehicles and less dead kilometers between paying trips.

And while each city adjusts to the new prices, we are putting in place payment guarantees for driver-partners. Partner economics will be closely monitored, every day, to ensure that drivers using our app continue to thrive.”

He further added, “In line with our global business we will be introducing a new category, UberX, wherein riders will have access to more premium cars at reasonable prices.”

With the introduction of UberX, riders will now have three types of rides available to them through the Uber app, UberGo, UberX and UberAuto. This is in line with our philosophy of providing riders with multiple options at different price points, and in doing so generating more economic opportunities for drivers-partners.

Uber has communicated these changes to driver-partners through dedicated focus groups across Lahore and Karachi, information sessions and email. With these changes, Uber hopes even more people in each of the cities we operate will chose to leave their car at home and let Uber help them get where they need to be.

GHULAM ISHAQ KHAN INSTITUTE DESIGNS A FUTURISTIC CAR

After months of building an ultra-energy efficient vehicle and a weekend of intense competition, bright and enthusiastic students of Team Hammerhead from Ghulam Ishaq Khan Institute (GIKI) made it to 6th place on the leaderboard at the Shell Eco-marathon 2017, held from March 16-19 in Singapore. This year, the competition was part of Make the Future Festival – one of Shell’s flagship programmes.

Make The Future is a platform for conversation collaboration and innovation around the global energy challenge. The festival housed an interactive display allowing visitors to create energy through movement, gravity and sports. Present at the event were the top 15 young entrepreneurs from across the globe to show how their ideas create a world that can produce much more energy with less CO2. Sanwal Muneer, a 24 year old Engineering graduate from FAST University was also one of the finalists. He is now the CEO of Capture Mobility, a company that produces wind turbines with solar panels that not only power street lights, traffic signals but also absorb carbon pollutants on the highway.

Shell Eco-Marathon in its eighth year challenged students from universities across the Asian region that are passionate about developing innovative mobility solutions to design, build and drive the most energy efficient cars on real city streets. Student teams participated in either of two categories – Prototype: Futuristic and highly aerodynamic vehicles or Urban Concept: highly economical and innovative vehicles that resemble today’s cars.

The vehicles that the teams chose utilized any of the following energy types to compete: Internal Combustion Engine (ICE): Gasoline, diesel, ethanol (biofuel), Gas to Liquid (GTL) fuel made from natural gas, CNG (compressed natural gas) battery electric or hydrogen fuel cell. The car designed by Team Hammerhead competed in the battery electric prototype category. They used Lithium Ion battery module (BN4820LK 48V 20Ah) with an IR2110 MOSFET Driver circuit and a Motor of MY1020z 450watt 48volt.

Another accolade the young students brought home was by the PNEC NUST team who was successful in winning the off-track Communication Award for their aggressive and engaging PR campaign to promote Shell Eco-marathon and showcase their engineering brilliance demonstrated in their car design, as a means to create awareness and motivate other young aspiring future engineers to participate next year.

While speaking at the occasion, Seemi Saad, Head of External Relations, Shell Pakistan Limited said: “This is a fantastic platform that fosters innovation and provides the opportunity to our Pakistani students to participate, learn and compete with other student teams from across the region. Through Shell Eco-Marathon, we encourage young students to build fuel efficient cars of the future.”

Shell Eco-marathon Asia 2017 is a visible demonstration of Shell’s commitment to help the world meet its growing energy needs in a responsible way by working together with students, partners and other stakeholders.

PAKISTAN’S LIQUID FOREIGN RESERVES POSITION

The total liquid foreign reserves held by the country stood at US$21,550.5 million on 31 March 2017.

The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank of Pakistan: US$16,466.1 million

ii) Net foreign reserves held by commercial banks: US$5,084.4 million

iii) Total liquid foreign reserves: US$21,550.5 million

During the week ending 31 March 2017, SBP’s reserves decreased by US$264 million to US$16,466 million. The decrease is mainly attributed to external debt servicing and other official payments.

NBP AND XPRESS MONEY ANNOUNCE PROMOTIONAL SCHEMES

National Bank of Pakistan and Xpress Money has launched a promotional campaign where remittance hundreds of Remittance customers sending their remittances through Xpress Money from across the globe and receiving them from any of the NBP’s 1400+ branches will be eligible to win Cash prizes worth hundreds of thousands of rupees.

Xpress Money is a global money transfer brand with a thriving presence in more than 170 countries across all continents through 180,000 agent locations. Xpress Money has come to be known as the most dependable international money transfer brand and provides its customers a simple, fast & safe way to transfer money through innovative technology, superior customer service and its extensive worldwide network.

National Bank of Pakistan is a key player in the remittance business in Pakistan with over 1400+ online branches. Any Remittance sent from Xpress money from around the world can easily be collected from any of the NBP branches across Pakistan. Home Remittances is the second largest source of Foreign Exchange for the country and NBP has always been a front runner in providing exceptional services to the remittance customers.

NBP AND QUAID-E-AZAM INTERNATIONAL HOSPITAL

National Bank of Pakistan’s employees and their dependents will get advanced healthcare services at affordable costs at one of the leading hospitals in Islamabad i.e. Quaid-e-Azam International Hospital, Islamabad. In this connection, a Memorandum of Understanding (MoU) has recently been signed between National Bank of Pakistan and Quaid-e-Azam International Hospital, Islamabad, formalizing a partnership between the two organizations that aims to positively impact the health and wellness of the employees of NBP.

The Regional Head, Islamabad, Mr. Farooq Hasan and CEO, Quaid-e-Azam International Hospital, Islamabad, Dr. Shaukat Ali, signed the MoU on behalf of their respective organizations. The President NBP, Mr. Saeed Ahmad, and other senior officials also graced the occasion and attended the signing ceremony.

Health of the employees is at the heart of the concern and priorities of NBP’s management which is evident by this initiative. Speaking on the occasion, the President, NBP, said that as a caring employer NBP enables its employees to excel and grow in highly congenial employment conditions and culture. Therefore, the management is increasingly investing in the workforce’s wellbeing, as the employees are our most valuable asset. The management at NBP takes initiatives to make positive contributions towards staff welfare. Mr. Saeed Ahmad appreciated the fact that one of the most renowned hospitals in the twin cities has joined hands with NBP, by becoming a panel hospital. He was pleased to note that Quaid-e Azam International Hospital offers all medical facilities under one roof. The hospital provides quality health care services in all disciplines of medicine and surgery by well trained & experienced teams of experts. He expressed his hope that this partnership will not only benefit NBP, but also help to forge closer ties between both the organizations.

MEEZAN BANK & PIM COLLABORATION

Meezan Bank, Pakistan’s first and largest Islamic Bank, and Pakistan Institute of Management (PIM), the pioneer of executive development in Pakistan have recently signed an MoU for joint association in Islamic banking education and training. Mr. Irfan Siddiqui, President & CEO Meezan Bank and Mr. Abid Hussain, Executive Director – Pakistan Institute of Management, jointly signed the agreement at Meezan Bank’s Head Office, Karachi.

The collaboration shall cater to different domains including joint workshops and trainings, curriculum development of jointly offered certifications, strategic partnerships in conferences and seminars and case studies development and research.

The agreement shall further enable Meezan Bank to contribute towards the capacity development of the industry and serve as the bridge between academia and the burgeoning Islamic banking industry.

Speaking at the occasion, Mr. Irfan Siddiqui, President & CEO – Meezan Bank said, “Meezan Bank’s certification in Islamic banking and finance offered through International Institute of Islamic Bankers (IIIB) has garnered great interest from the industry and has allowed the Bank to contribute towards Islamic finance awareness in the country. Through PIM’s vast network of infrastructure present in all major cities of Pakistan and their highly qualified faculty; the two entities shall be able to further expand their channels to reach different segments of consumers while inculcating the highest degree of professionalism among Islamic banking practitioners.”

JS BANK HONOURED FOR “SUPPORT FOR HEALTH CARE

JS Bank won the award for its remarkable efforts to “Support for Health Care Organizations” at a ceremony organized by The Professionals Network. JS Bank has been recognized for the 3rd year in a row for its Support for Health Care Organizations at the 3rd International Summit & Awards on Environment, Health, Safety and Security 2017.

JS Bank conducts its CSR activities through the charitable arm of JS Group, Mahvash & Jahangir Siddiqui Foundation. Over the years, the initiatives led by Mahvash & Jahangir Siddiqui Foundation have touched and improved lives of numerous Pakistanis. The honorary award was presented to JS Bank in a graceful ceremony held at a local hotel in Karachi. Prominent personalities belonging to Corporate Sector, Government Organizations, NGO’s, Academia and Media attended the event.

JS Bank is considered amongst the fastest growing banks within Pakistan’s banking landscape with 307 branches in 152 cities and one international branch. JS Bank is part of JS Group, one of Pakistan’s most diversified and progressive financial services groups. For more information, visit http://www.jsbl.com

GLOBAL MONEY TRANSFER

Payment services provider Small World FS has announced the launch of a new service for the Pakistani community through a partnership with the JS Bank.

This partnership will enable customers worldwide to send money home easily and quickly from any of the 34 countries where Small World FS has a presence, simply by visiting one of the company’s dedicated branches, a convenient agent location, by phone, online or using their mobile.

Nick Day, CEO, Small World FS, commented: “Pakistani’s sent remittances abroad of over $19.9 billion in 2015-16 to support their families and friends, and to invest back into their home country. This partnership between Small World FS and JS Bank will help the community get their funds to their countries faster and at much lower cost than with existing services.”

“Partners like Small World FS allow us to consistently surpass the expectations of people sending money back home. Small World FS and JS Bank are preferred partners to each other, and we hope this partnership will continue to grow from strength to strength” said Mr. Zafar Iqbal Zahid, Head of Home Remittances JS Bank.

Small World FS provides a trusted, simple and low cost way for consumers and businesses to send money to 190 countries worldwide, offering an integrated, omni-channel experience with a global payout network of over 250,000 locations, the third largest in the world. The key is delivering money quickly and in a way that best suits the receiver: anywhere, in any way. Small World FS’s global network means that cash payments can be made in less than 5 minutes, with bank deposits taking from 5 minutes to 24 hours depending on the territory.

With 670 people around the world, Small World FS is the best of local with the best of global. For more information, visit http://www.smallworldfs.com/

JS Bank is Pakistan’s fastest growing Bank, with 307 branches in 152 cities and one of the leading Banks in remittance services to Pakistan, enabling overseas Pakistanis around the world in sending money to their loved ones through cash or bank transfers. For more information, visit http://www.jsbl.com

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