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Pakistan Cables Sponsored Gold Medals Awarded To Giki Graduates 2018

Pakistan Cables Limited, sponsored gold medals to top position holders of the GIKI’s Class of 2018. Syed Ashhab Ur Rahman Iqbal Ahmed (BS in Electronic Engineering) and Abdul Hussain (BS in Materials Engineering) were recognized for their outstanding academic achievement at the occasion of the 22nd convocation of Ghulam Ishaq Khan Institute of Engineering Sciences and Technology. The chief guest, Mr. Iqbal Zafar Jhagra – Governor KPK conferred degrees on 337 BS, 53 MS and 4 PhD graduates.

As a brand of empowerment driven to help stakeholders attain their full potential, Pakistan Cables has a history of lending support to the academic endevours of students and the academia.

Success Of Amnesty Scheme Vital For Revived Of Declining Economy: Mian Zahid Hussain

President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of and former provincial minister Mian Zahid Hussain last Friday said that Pakistan’s economy, after experiencing a better tenure is now again in trouble due to political instability, this instability may be extended to two more months, causing a further decline to the national economy. Due to this situation, the international credit rating agency Moody’s has changed the Country’s outlook from stable to negative, which will shrink trust of foreign investors and obtaining foreign loan will become more difficult and costly. Remaining foreign reserves are $10 Bn which cannot even meet two months import bills, which were supposed to suffice three months import bills as per IMF.

The veteran business leader while talking to the business community said dollar is overvalued by 15 percent in the last 6 months, while its value in last 2 weeks has increased by Rs. 6 created increase of $15 Bn in the debt burden of the Country. According to Moody’s inflation will be increased to 7 percent from 4 in the current fiscal year. Pakistan stock exchange has faced reduction of 1324 points in last two days which has caused a loss of Rs.284 Bn to the investors and public, he added.

The former minister said that business and investment situation in the country is either stagnant or declining killing the hope of increase in foreign reserves in the near future. Exports have increased by $2 Bn as a result of the incentives for export sector provided by the former government, but it is still vital to increase exports and reduce the cost of doing business in the Country. The balance of payment deficit has increased to $16 Bn from $11 Bn in the current year as per SBP report.

Mian Zahid Hussain said that if the amnesty scheme announced by the former Government gets successful the challenges faced by national economy can be avoided as it is estimated that assets of $3-5 billion will be included in the tax net through this scheme. The caretaker government is keen to get this scheme successful and agreed 16 out of 17 suggestions provided by the Pakistan tax bar, however it is important to extend the date from June 30. If the amnesty scheme get fails, Pakistan will be compelled to acquire more loans on strict conditions of IMF and claims of breaking the begging bowl will be left nothing but words.

He said revival of the declining economy will be a big challenge for the coming elected government and it will remain a priority for it to take concrete and instant measures to significantly improve exports, attract foreign investors and develop industrial sector of the Country.

Ramazan & Eid Security

Mian Zahid Hussain appreciates Army, Ranges and Police role for peace and normalcy

President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Wednesday said that By achieving marvelous success during operation Zarb e Azb Pakistan has started traveling towards enduring peace. Within 18 months Pakistan Armed Forces have cleared the dangerous area of waziristan till the Afghanistan’s border and established peace through intelligence based operations across the country in southern Punjab, sindh and Baluchistan.

The veteran business leader while talking to the business community said great results have been achieved with these IBOs. Sleeper cells from across the country have fought and vanished. During the first year 837 hideouts of terrorists were destructed and 253 tons of explosive material has recovered. More than 18 thousand weapons have recovered including heavy and light machine guns, rocket launcher, snipers and AK-47 guns. Thousands of terrorists have been eliminated and busted during the operation. 11 military courts have been established, he added.

The former minister said more than 9 lac people associated to 30302 families have internally displaced to other areas. Government with support of US and UAE has provided all basic necessities along with financial assistance to the IDPs. At the end of operation, Pak Army ensured their safe return back to their localities. To ensure long lasting peace in the Country army has taken revolutionary measures including infrastructure development and FATA, PATA merger with the KPK province.

All safe heavens of terrorists have been destructed during this operation and to end terrorism completely operation Raddul Fasaad has launched in February 2017 under the supervision of ministry of interior by military and paramilitary forces across the country. During the first year of this operation 15 major and 4535 intelligence based operations have conducted in which 4510 terrorists and 1859 unregistered Afghan people have been busted. 4083 different arms and more than 6 lace ammunition have recovered. 558 people surrendered during this operation while 108 terrorists have been killed. Reconstruction of affected areas is in process under this operation he pointed.

Mian Zahid Hussain appreciated the efforts of former DG Ranger sindh lieutenant general Bilal Akbar and current DG ranger major general Muhammad Saeed and applauded the unforgettable role of sindh rangers in restoring the lights and peace of Karachi. With restoring peace in Karachi the trade and industry in the city has improved and people’s trust on authorities have restored; there will be Record Business activities in karachi this ramzan and eid, credit goes to Ranger and police.

Mahvash And Jahangir Siddiqui Foundation Extends Support To Karigar Training Institute

At a recent ceremony, directors of the Mahvash and Jahangir Siddiqui Foundation (MJSF) Saira Siddiqui and Imran Shaikh, met with Fareed Khan – Director, Karigar Training Institute (KTI) as well as recent graduates from the organization.

Fully funded by the Mahvash and Jahangir Siddiqui Foundation, the Karigar Training Institute seeks to empower individuals and the community at large to lead a better-quality life by equipping them with the vocational skills to develop self-sustaining livelihoods. During the event, select KTI alumni were presented with the book, “The Business of Giving” featuring MJSF’s progress and success stories over the years as well as financial support.

Speaking at the occasion, Saira Siddiqui, Director – MJSF said, “We at MJSF have always strived to support initiatives that lead to entrepreneurship and viable income generation for the masses. By partnering with social development organizations such as KTI, we are making a real on-ground impact for the people of Pakistan.”

Under its umbrella, KTI offers students the opportunity to enroll for courses in vehicle repair, plumbing, electrical and air cooling systems. Consisting of a four month training period followed by a two month practical internship, the program allows students to gain both theoretical and practical knowledge to prepare them for the future.

Working hand in hand with its development partners, MJSF is working day and night to make a sustainable social impact amongst the underprivileged segments of society.


Khushhali Microfinance Bank Inks Mou With Ptcl For Employees Financing Scheme

Khushhali Microfinance Bank Limited (KMBL) and Pakistan Telecommunication Limited (PTCL) signed a memorandum of understanding (MoU) to launch a financing scheme for the assistance of PTCL employees.

The agreement was signed by Saadia Mansoor, General Manager, HR Operations, PTCL and Ghalib Nishtar, President KMBL. The agreement signing ceremony was also witnessed by the senior management of both the organizations.

KMBL has offered a wide range of financing services to PTCL employees including purchase of Motorbikes through Value Chain from Honda Pakistan, salary loans, health insurance products, deposit side products, and house improvement loans.

Ghalib Nishtar welcomed the guests and expressed his views about the existing KMBL partnerships, “Khushhali Microfinance Bank being a leading financial institution already has alliances with organizations like Pakistan Post, PTV-Peshawar & Lahore and Provincial Housing Authority, Khyber Pakhtunkhwa. This exclusive arrangement with PTCL is aligned to our goal of responsibly expanding financial services, through innovative product offerings and I hope this partnership will really benefit the employees of PTCL”.

Speaking on the occasion, Saadia Mansoor appreciated the product offering of Khushhali Microfinance Bank and said “PTCL aims to facilitate responsible borrowing for our employees and make easy access of financing schemes for individuals as we strongly believe in employee welfare, betterment and growth and this initiative is a part of our long-standing commitment to facilitate our employees.”

MoU between KMBL and PTCL is a strategic initiative which will enable both entities to expand their services. It will also be marked as a breakthrough achievement in developing long term relationships between telecom and microfinance sectors in Pakistan.

Karandaaz Supporting Digitization Of National Bank Of Pakistan

Karandaaz Pakistan and National Bank of Pakistan (NBP) have partnered to launch a nationwide initiative for the promotion of digital financial inclusion by implementing a robust Application Programming Interface (API) on Apigee. Apigee is a leading API platform owned by Google. The implementation of Apigee is provided by Abacus Consulting that is the sole provider of Apigee services in Pakistan. This development will help the largest government owned bank to digitize its transactions end to end primarily Government to Person (G2P) and Person to Government (P2G) transactions. The platform will also enable NBP to collaborate with its various existing and potential partners such as government entities, micro-financial services (MFS) players, telecom companies, financial networks, and FinTechs.

Saeed Ahmad, CEO & President, National Bank of Pakistan said, “NBP as a national institution believes that its primary responsibility is not only to derive the market towards the financial eco-system but also act as a catalyst in enabling other players to embrace the digital age. Launch of Open API Platform by NBP is a strategic milestone in this direction and sharing its digital assets with strategic partners & fintechs, NBP will accelerate the pace of digitizing the economy and transfer the benefits of the same to the masses.”

CEO Karandaaz, Ali Sarfraz, while discussing the development said, “This partnership between Karandaaz and NBP will play a profound role in catalyzing the process of financial inclusion in Pakistan by bringing technology to the table. We are confident that with this technology, NBP will be a front-runner in this drive to change the way the banks interact with their clientele in the country. Karandaaz is excited to be part of this initiative that will affect the lives of over 200 million Pakistanis.”

Rehan Akhtar, Director Karandaaz Digital said, “By the disbursement of payments to the account-holders through digital channels such as mobile wallets and over-the-counter (OTCs), banks can reduce costs and expand delivery of financial products and services to the masses. Developments such as this at NBP will certainly enable the country to develop an agile, digitally-empowered financial ecosystem.”

Mudassir H. Khan, SEVP / Group Chief – Payment Services & Digital Banking Group, National Bank of Pakistan said, “With the launch of Open API Gateway, NBP has achieved another strategic milestone towards the digitization. Being the only bank with strategic partnership with all major Mobile Money Players in Pakistan, primarily NBP will digitize the government transactions through internal & external channels and secondly, NBP will speed up the market disruption by introducing transactions for millennials like digital account opening, digital credit, digital channel for inward remittances etc.”

The portal is accessible to the public through the link: https://developer.nbp.com.pk/

Karandaaz Pakistan, is promoting financial inclusion for individuals by employing technology enabled digital solutions and access to finance for micro, small and medium businesses through a commercially directed investment platform. The company has financial and institutional support from the Bill & Melinda Gates Foundation and the United Kingdom’s Department for International Development (DFID).

National Bank of Pakistan is a leading bank of the country playing its role as catalyst for economic growth while serving the nation through diversified product offering, promoting innovation, and superior service quality. The bank is striving to constantly improve its universal banking capabilities, introduce multiple delivery channels and invest in people and processes to generate sustainable higher returns for its stakeholders.

JS Global Arranges Pakistan Investment Conference 2018 In Washington And NY

JS Global Capital Limited – Pakistan’s largest and premier Brokerage and Investment Banking firm has once again taken the lead in presenting Pakistan’s economic growth story to international investors by organizing the Pakistan Investment Conference 2018 in Washington and New York. Starting from June 25, 2018. This event follows the highly successful Pakistan Investment Conference – New York held last year.

The objective of the conference is to highlight Pakistan, its economy and corporate sectors amongst foreign investors and present a positive national narrative on the international stage. This conference aims to pitch Pakistan as one of the most attractive investment destinations amongst the Emerging Markets Class.

A high powered delegation led by Mohammad Zubair, H.E. Governor of Sind, Richard Morin, CEO PSX and Kamran Nasir, CEO JS Global Capital Limited will be travelling to Washington DC to inaugurate the session.

Commencing with meetings with United States Treasury and State Department representatives, the conference will continue the next day with meetings with US Pakistan Business Council and discussions at the Woodrow Wilson International Center for Scholars. On June 27, the conference will move to the financial capital New York City, where JS Global has arranged exclusive meetings with selected US investors.

An example of the scale of this event is reflected in the fact that the Chief Executives/Chief Financial Officers of over 10 listed companies will attend the Pakistan Investment Conference to showcase their companies’ profile, performance and future plans to major US Investors for both foreign portfolio and direct investment. JS Global with its US partners has arranged an extensive and exhaustive meeting line-up for these corporate representatives to help portray the investment potential of Pakistan. These investors include the Global Top Asset Managers with trillions of dollars under management.

JS Global along with its US partner Rosenblatt Securities, Inc, one of the top Institutional Brokerage and Advisory Firms in the US will jointly host this conference. The list of Pakistani corporations attending the conference is United Bank Limited (UBL), MCB Bank Limited (MCB), Engro Corporation (ENGRO), Hub Power Company Limited (HUBC), DG Khan Cement (DGKC), AGP Limited (AGP), JS Bank (JSBL), Fauji Fertilizer Bin Qasim (FFBL), Fauji Foods Limited (FFL), Meezan Bank (MEBL) amongst others.

By undertaking such initiatives, JS Group is working to promote a positive image of Pakistan onto the international stage.

JS Bank Partners With MJSF Hold Iftars In, 21 Cities

JS Bank in collaboration with its charitable partner, Mahvash & Jahangir Siddiqui Foundation (MJSF) organized Iftars for underprivileged people in 21 cities nationwide during Ramazan.

Moving beyond commercial considerations, JS Bank strives to serve the community in which it operates through continual social responsibility initiatives and activities. As part of these efforts, the Bank has arranged Iftars for disadvantaged individuals on an annual basis since 2013 resulting in half a million meals served in total.

Committed to giving back to the nation, JS Bank is working towards providing a better and brighter tomorrow for the people of Pakistan.

IBA – CICT To Participate As An Academic Strategic Partner In Infosec 2018 Conference

The Center for Information & Communication Technology (CICT), IBA Karachi and Total Communications Pakistan, signed a Memorandum of Understanding (MOU) regarding the IBA-CICT’s participation as an academic strategic partner for InfoSec 2018. The MOU was signed by Mr. Imran Batada, Director ICT & CICT, IBA Karachi and Mr. Faisal Rahim, CEO Total Communications Pakistan.

InfoSec, an annual high profile event of Pakistan in Information Security will have participation from the financial sector, telecom industry, armed forces, intelligence agencies, ministries, foreign missions, academia, and technology companies. The conference was initiated 10 years ago and this year for the first time, the IBA-CICT is collaborating with Total Communications as an academic strategic partner. The event will be held on July 12, 2018.

Mr. Imran Batada congratulated the whole team of InfoSec conference and said, “The IBA management believes that these kind of collaborations would foster the productivity of the conference, the IBA-CICT would also actively help the organizers in the selection of the track, keynote speakers and moderation of the event, along with organizing a session.”

Expressing his pleasure, Mr. Faisal Rahim, Project Director-InfoSec Conference said, “Together the IBA-CICT and Total Communications aim to deliver more effective conferences, while facilitating mutual sharing of best practices and expertise to make this platform relevant and effective for the IT Industry of Pakistan.”

Engro Foods Hold Awareness Biliding Session At CVAS

In line with the sustainability efforts to develop awareness building for consumption of safe and healthy milk, Engro Foods Limited conducted knowledge building session with the students of College of Veterinary & Animal Sciences, CVAS Jhang.

It is one of EFL’s initiative to help disseminate the right information to the upcoming nutrition experts and food technologists of our country. Engro Foods Limited is a key player in Pakistan’s dairy industry and emphasizes on the importance of developing cognizance between the masses to consume safe and healthy milk for their daily nourishment.

Dr. Ghulam Ahmed, Field Operations Manager Engro Foods Limited conducted the session to build awareness about UHT milk, Engro Foods supply chain process and the contributions of EFL’s Agri Services team. Engro Foods Agri teams are continuously working towards disseminating technical awareness in dairy farmers for production of good quality milk and increasing their milk yield to uplift the dairy sector of Pakistan. He briefed the audience about the factors that affect milk composition, current status of global dairy industry, milk production in Pakistan and per capita requirement for consumption of milk.

The students were also educated about the crucial role of technical knowledge to be provided to dairy farmers for ensuring production of good quality milk. The UHT process adopted by EFL to ensure that the raw milk becomes safe and healthy for human consumption. This informative session allowed the students to gain knowledge from one of the leading dairy companies in the Pakistan.

On the occasion, Dr. Ahmed, said ’The students of CVAS are the future food scientists and food technologists of Pakistan. It is important that they are updated with the latest trends in the Dairy industry. Along with knowing the nutritional importance of safe and healthy milk consumption, it is imperative to set the dairy industry in right direction for Pakistan.’

The students and the teachers warmly participated at this event. The session ended with different quizzes, where the winner was awarded with Olper’s hamper.

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