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STANDARD CHARTERED LAUNCHES ’NO.1 BANK’ BRAND CAMPAIGN

Campaign showcases recent achievements, reiterating capabilities and commitment to supporting the growth of the Africa and Middle East region

Standard Chartered Bank recently announced the launch of its “No.1 Bank: power your ambitions” campaign to highlight its recent achievements and reiterate its commitment to the Africa, Middle East and Pakistan region.

Standard Chartered’s domination of awards is backed by the wide-range of world-class products and services for personal and business customers across the region. From financing major energy, telecoms, mining and infrastructure projects to growing businesses and building communities, Standard Chartered’s No 1 position is well-established.

The ’No.1 Bank’ campaign reiterates the Bank’s top position across its diverse markets which include Project Finance, Debt Capital Markets, Wealth Management, Digital, and Islamic Banking. With these awards, Standard Chartered continues to be a trusted advisor in the region, and the local communities’ international Bank of Choice.

This new campaign will showcase the Bank’s heightened focus on the wider African, Middle East and Pakistan region, seeking to contribute to the region’s growth by growing its Retail, Corporate, Institutional and Commercial segments, whilst enhancing its digital capabilities.

Sunil Kaushal, the Regional CEO of Africa & Middle East said:

2016 saw a turnaround performance for our AME business despite the diverse set of challenges faced across the region. Our in-depth local knowledge and extensive global expertise has enabled us to effectively demonstrate our position of strength in delivering our client needs.

Backed by market recognition for our recent achievements, the No. 1campaign reiterates our commitment in staying No. 1 in AME to our staff, clients and the local communities where we operate. To maintain our leadership position in the AME, through this campaign, we hope to demonstrate our drive and commitment in providing award winning banking solutions, strategic advisory services and funding for our corporate clients through our unique global footprint.”

Shazad Dada, CEO, Standard Chartered Pakistan said:

“We are delighted to launch the No.1 campaign in Pakistan. These awards attest to our continued success in delivering world class solutions to our clients across the product spectrum. It also acknowledges commitment to our clients and the quality and dedication of our staff. Our scale, focus and deep local knowledge provides a unique position to take advantage of the opportunities that exist in the local market.”

SUSTAINABLE GROWTH OF SMES CRITICAL FOR SOCIOECONOMIC DEVELOPMENT: SYED FAKHAR AHMED

K-Electric’s investments to upgrade power infrastructure of Karachi and its drive against power theft, over the past couple of years, has enabled provision of uninterrupted power supply to industrial zones. With 61% areas and strategic installations, exempted from load-shed, Small and Medium Enterprises (SMEs) in Karachi are provided with reliable power supply which is required for their business operations.

These views were expressed by Syed Fakhar Ahmed, Chief Marketing and Communications Officer, K-Electric while addressing the 6th Annual SMEs Senate and Business Development Conference held today at a local hotel in Karachi.

He also assured an all-out support to SMEs enabling them to perform at their full potential and continue to drive socioeconomic benefits for the country.

The 6th Annual Business Development Conference analyzed the growth SMEs have achieved and highlighted practical solutions over the challenges being faced by the sector. The conference featured impressive lineup of speakers and several renowned delegates attended the moot representing academia, business, public and private sector.

UNMATCHED CREDENTIALS AND EXECUTION CAPACITY OF JS GLOBAL – WELCOME TO MSCI EM!

JS Global Capital Limited, one of the largest equity brokerage and investment banking firms in Pakistan, geared up to handle the expected US$1bn of gross foreign flows ahead of the MSCI emerging market upgrade, said JS Global CEO Kamran Nasir in an interview on Friday. JS Global is the only corporate brokerage house having a declared capacity to handle and execute US$500mn of flows, along with an unmatched financial muscle to meet foreign investors’ margin requirements. Mr. Nasir also said that his firm has elevated the company’s operational environment to an unrivaled standing, with country’s largest sales force on ground to address both the foreign and local clients’ needs. Mr. Nasir also highlighted the success of Pakistan Investment Conference held in May 2016, organized by JS Global with one of its international partners in London, which he believed was instrumental in Pakistan’s emerging market upgrade.

Speaking on the occasion Mr. Nasir said that JS Global takes a lot of pride in single handedly executing the largest foreign orders on the rebalancing date (May 31í 2017) when Pakistan was upgraded to MSCI EM after a long interval of 9 years. He said that his firm alone managed and executed over 30% of the value traded which was highest in Pakistan by any single firm. He said that it’s a proud moment for Pakistan and SECP, NCCPL, CDC and PSX where all worked tirelessly to ensure smooth execution and settlement where JS Global outshined amongst its peers. Mr. Nasir said that his firm has many firsts to its credit and added that the seamless largest execution on May 31í 2017 has further expanded the list of Firsts for JS Global that has the confidence of Foreign Clients and locals for over 47 years now.

 

JS BANK WINS AWARD FOR SUSTAINABLE AND GREEN BRANCHES

JS Bank has been awarded with “Clean Energy Branches Award” at the 6th Energy Awards organized by The Pak Energy Review. Mr. Mustafa Brohi, Senior Vice President – Marketing and Brand Management JS Bank received the award on behalf of the Bank.

The award recognizes the positive impact JS Bank has had through its successful conversion of branches to Solar Power, which includes all computers, servers; ATM and teller stations, paving a way to help overcoming energy crises in Pakistan.

Over the years, JS Bank has always strived to benefit the country and its citizen through various green initiatives leading to an environmentally sustainable planet, converting its branches to Solar, indulging in various philanthropic activities through its charitable arm, Mahvash & Jahangir Siddiqui Foundation to supporting tree plantations.

JS Bank is one of the fastest growing banks in Pakistan, with 307 branches in 152 cities including 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 www.jsbl.com

IBA-CEE, SINDH REVENUE IN TRAINING ACCORD

IBA-CEE and Sindh Revenue Board signed an agreement for the training of 40 SRB officers. The contract was signed by Dr. Farukh Iqbal, Dean & Director IBA and Mr. Khalid Mehmood, Chairman SRB.

The training will be given in 12 areas, including: Leadership, Management Skills & Organizational Behavior, Data Analysis through MS-Excel, E-Views & SPSS, Time Management, Negotiation Skills, Economics, Public Policy, Value Added Tax (VAT) & Practices (I), Principles of Accounting & Tax Auditing.

The trained officers will be better equipped to meet the future challenges as visionary leaders equipped with adequate knowledge, executive education and power of visionary anticipation. The program will kick start from 8th July 2017.

HALAL FOOD EXPORT SECTOR GETS NO ATTENTION IN BUDGET

All Pakistan Halal Meat Exporters & Processors Association (AHMEPA) Chairman Nasib Ahmad Saifi has regretted that the federal government has given no attention to the halal food export sector in the proposed Budget 2017-18.

This sector, if patronized and given incentive, can easily fetch foreign exchange equal to total exports of Pakistan, he claimed while talking to Business Recorder, here on Saturday.

He said they had written to Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar time and again to give this sector special attention. The estimated worth of this sector in global market is $300 billion and they can have plenty of foreign exchange in hands if they succeed in achieving only 10 percent of this market.

Nevertheless, he said, this sector needs some incentives like ’zero rated’ status. He said Pakistan with the double advantage of being a Muslim country and being Shariah-compliant in the food sector has enormous potential to gain a major chunk of the international halal food market. “We can easily earn up to $30 billion per annum which is 1.5 times the current value of our exports if we succeed in capturing only 10 percent of the international halal food trade,” Saifi said.

The AHMEPA Chairman also urged the government to pay attention towards the plight of meat exporters and exempt it from power cuts besides releasing stuck-up export bills and allocation of special room for consignments and promotion of livestock farming in the country.

Saifi also highlighted the need to put a stop to the slaughter of female livestock and suspend the construction of new slaughter houses in the country unless existing units achieve break-even stage.

He said commercial officers must contribute to introduce halal food markets in new countries, especially Turkey, Central Asia, Iran, Iraq, Lebanon, Egypt, Morocco.

The AHMEPA Chairman also urged that the tax deducted at source should be reduced up to 0.50 percent so that all exporters show their full value of export and whole tax could be submitted to national reserves.

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