Dawlance bags Occupational Health and Safety Management Certification OHSAS 18001
Dawlance – Pakistan’s no.1 home appliances brand, bagged the prestigious OHSAS 18001 certification for occupational health and safety, which was presented to the organization by SGS – a multinational company headquartered in Geneva, Switzerland which is known for providing inspection, verification, testing and certification services, and has also featured on Forbes Global 2000 thrice; in 2015, 2016 and 2017 respectively.
OHSAS 18001 is an internationally applied British standard for occupational health and safety management systems, which aims to assist organizations put in place demonstrably sound occupational health and safety performance, thus being a widely recognized certification globally.
Speaking at the awards announcement, Dawlance Head of Human Resource, Muhammad Ahmad Khan said, “As an organization and being Pakistan’s one of the most loved home appliance brand, we are very conscious of developing our business in a safe and sustainable manner.”
“This award is a reflection of our commitment to excellence in everything we do and are directly aligned to our values of creating a difference and caring. This has been mainly possible due to the hard work and dedication of all of our people who make both health and safety and sustainability key priorities, while the international recognition is a great achievement and is another step forward, this time upgrading on the European standards,” he added while being thankful to SCG to have received the accreditation.
Celebrations took place across the Dawlance team, while sweets were distributed to the staff on behalf of the higher management along with a ’thank you’ note which was to value the hard work and all-out efforts put in from various departments including Production Technologies, H&S, Engineering, Supply Chain, Admin & IR, Purchase, Quality Assurance Unit (QAU) and other leading departments.
JS Bank partners with AL-HAJ FAW Motors
In another innovative step, JS Bank Limited has collaborated with Al-Haj FAW Motors Private Limited to provide business loans to customers of light commercial vehicles through the Prime Minister Youth Business Loan (PMYBL) scheme.
Under the terms of this partnership, JS Bank will provide financing solutions to customers purchasing FAW Carrier and FAW XPV Light Commercial Vehicles (LCV’s). This offering will enable individuals to develop financial independence through multiplication of revenue streams. Applicants will be able to avail the scheme and benefit from a minimum mark-up of just 6%. This alliance will help cater to the increased demand for commercial vehicles in the light of the development of the China-Pakistan Economic Corridor (CPEC).
Commenting on the partnership, Mr. Kamran Jafar, Group Head – Corporate & Retail Banking Group at JS Bank said “Our partnership with Al-Haj FAW will further strengthen our presence in the transport sector in addition to having a positive impact on the lives of numerous deserving individuals”
Mr. Farhan Hafiz, Director Marketing – AL-HAJ FAW Motors stated “By working together, JS Bank & AL-HAJ FAW will be able to pool their resources for collaborations across Pakistan for their mutual benefit and provision of improved products and services to customers.”
By undertaking such agreements, JS Bank is working tirelessly to provide its clientele with value added offerings to further improve the quality of their lives.
FWBL Declared rates of profit on PLS deposits*
|Effective from 1st Jan ,2018 to 30th Jun, 2018|
|Declared rates from 1stJan to 31st Jan 2018||Declared rates from 1stFeb to 31st May 2018||Declared rates from 1stJun to 30th Jun 2018|
|Special Notice Time Deposits|
|7 Days SNTD||1.50%||1.50%||1.50%|
|Hyper Profit Scheme||3.75%||4.00%||4.50%|
Daraz.pk’s Mobile Week to offer the best prices, discounts and exclusive deals from July 3rd
It’s called Pakistan’s biggest mobile phone sale of the year for a reason. Make that many reasons! Daraz Mobile Week is offering up to 70% off, timely flash sales and exclusive phone launches from the hottest brands like Mi, Infinix, One Plus, Honor, Oppo, Samsung, Apple and more. Each brand will enjoy its own day with dedicated flash sales for 4pm – 10pm on its most desirable handsets.
Exciting news comes from the cosponsors MI, Infinix, Honor and OnePlus that are launching their top phones exclusively during Daraz Mobile Week. The Redmi Note 5 is an incredible phone, with super-fast performance and camera that they call the camera beast.
Users who pay for their Mobile Week orders through their easypaisa mobile account can enter a lucky draw that might just make them the proud owners of an iPhone X. Minimum order value for entry into the lucky draw is RS. 5000. Learn more about how to set up an easypaisa mobile account here.
In addition to jaw dropping deals and discounts from brands, customers can enjoy additional discounts up to 20% from Mobile Week payment partners such as Easypay, Askari Bank and Bank Alfalah.
This year, Daraz has gathered an exciting group of energetic celebrities in preparation for Mobile Week. The Celebrity Squad includes the likes of Iqra Aziz, Anoushey Ashraf, Azfar Rehman, Amna Illyas, Agha Ali, Khalid Malik and Ramsha Khan. Too many options and can’t decide what you want during? Perhaps Iqra and Amna’s wish lists can help you decide!.
Success of ongoing amnesty scheme is vital for economic stability, FBR to take action: 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 Monday said that deadline of amnesty scheme launched on April 10, 2018 by the previous political government is extended till July 31, 2018 through presidential ordinance, which is in accordance to the desire of public and trade community.
The veteran business leader while to the business community said that Rs. 68 billion has collected as yet from 55 thousand people while the targeted collection has estimated to be $ 5 Bn. It is expected that this extension will help in achieving the targeted collection which is vital to support the declining economic situation of the Country. All Pakistanis are equally allowed to declare their assets by paying a least penalty amount without facing any legal or moral consequences and get them into the tax net of the Country. People who did not declare their assets during the amnesty scheme will have to bear the consequences as per FBR.
The former minister said that according to the international credit rating agency Moody’s, Pakistan has the lowest tax to DGP ratio in Asia-pacific because of weak and limited tax net. Country’s revenue will be increased through the amnesty scheme which will suffice the capital expenditure for the mega CPEC project of the country and tax net will improve. The GDP of the Country will be increased by 0.3 to 1 percent after success of this scheme and the declining economy of the Country will gain much strength.
Mian Zahid Hussain said that this is the first amnesty scheme that targets the assets in abroad. Pakistan has not recorded fiscal surplus in the last 25 years due to weak revenue generation policies. Widely increased imports due to CPEC project, devaluation of Pakistani rupee against US dollar and decline in foreign reserves make the implementation of positive and effective tax culture in the Country important and vital. Government should take immediate measures to make this amnesty scheme a successful venture and improve exports of the Country to achieve economic stability in the Country.
Dividend Distribution for Funds offered by NBP Funds
NBP Fund Management Limited (NBP Funds) has announced per unit Dividend distribution (for full year) of the following Funds for the year ended June 30, 2018.
NAFA Islamic Principal Protected Fund – II, NAFA Islamic Capital Preservation Plan – I, NAFA Islamic Capital Preservation Plan – II, NAFA Islamic Capital Preservation Plan – III, NAFA Active Allocation Riba Free Savings Fund, NAFA Islamic Income Fund and NAFA Income Fund.
NAFA Government Securities Liquid Fund, NAFA Savings Plus Fund, NAFA Financial Sector Income Fund, NAFA Money Market Fund, NAFA Income Opportunity Fund, NAFA Islamic Money Market Fund, NAFA Riba Free Savings Fund and NAFA Government Securities Savings Fund.
Unit Holders whose names are mentioned in the Registers of the respective funds under management, at the close of business day prior to the date of announcement, will be entitled to the distribution of dividend.
Pakistan’s NDC TECH Win Top Ranking in Temenos Annual Award held in Dublin
NDC TECH has received first-place recognition for its commitment to learning at the Temenos Annual Award Ceremony held in Dublin, Ireland. This is a very prestigious ranking which recognizes organizations that employ exemplary workforce development strategies to deliver significant business results that directly benefit their services to customers. Temenos Learning Community (TLC) is a cloud-based online access to Temenos training and certification. It is the only platform that creates Temenos certified experts. The TLC award was created to recognize partners who have shown true commitment to training.
Ms. Ammara Masood, President/CEO NDC Tech stated: “I am very proud of this recognition. Being number 1 means NDC TECH is the best globally at developing our people and that is quite a compliment. More importantly, this reflects our recognition that investing in our people and tooling them with the right skill sets is paramount to our success in the marketplace. NDC Tech has been able to transform the learning experience for employees through the Temenos Learning Community Portal creating a digitally enabled learning and development environment that empowers people and enables them to build highly relevant skills and meaningful careers and brings the best of themselves to clients. We are delivering it all in an experience-centric culture that puts our main asset-our nearly 130+ people in 13 countries-at the core of everything we do”.
Mr. Dale Thomas, Director TLC stated: “We have enjoyed a very fruitful relationship with NDC over many years. They are a partner who truly understands the need to develop and certify their teams on the latest Temenos products and technologies. We are delighted that they have become the leading partner in embracing and leveraging the Temenos Learning Community.”
Haroon Rashid to lead Shell business in Pakistan
Haroon Rashid has been appointed as the Chief Executive & Managing Director of Shell Pakistan Limited (SPL) with effect from July 01, 2018. Haroon has been a Director on the Board of SPL since 2011. He replaces Jawwad Cheema who is moving on to another senior leadership role within the Royal Dutch Shell Group.
Haroon is currently the General Manager Lubricants for SPL. He joined SPL in 1995 and has held several senior leadership roles in Downstream across Marketing, Consultancy and Aviation for Royal Dutch Shell before returning to Pakistan as the General Manager Supply & Distribution for the Middle East South Asia Region.
Haroon is an alumni from The Lahore University of Management Sciences and INSEAD.
Telenor Microfinance Bank and Telenor Group Executives meet with Jack Ma in Hangzhou, China
The senior management of Telenor, comprising Telenor Group CEO Sigve Brekke, Telenor Microfinance Bank President & CEO Shahid Mustafa, and Telenor Pakistan CEO Irfan Wahab Khan, met with Alibaba CEO Jack Ma and Ant Financial CEO Eric Jing, besides other senior officials from Alibaba Group and Ant Financial in China’s city Hangzhou, last week.
The meeting underscored the significance of a cashless society, especially in the context of a developing country like Pakistan. The officials exchanged thoughts and ideas about digitization of the world’s financial landscape and looked into more ways the big strategic partnership between Telenor Group and Ant Financial earlier this year could prove more fruitful.
Telenor officials also exchanged thoughts on how digitization will enhance accessibility to formal financial services in Pakistan. “We pioneered branchless banking in Pakistan with Easypaisa to bridge the widening financial services divide in the country,” said Shahid Mustafa, CEO Telenor Microfinance Bank. “Today, we’re even more committed to transforming the Pakistani financial landscape using innovative technology and breakthrough partnerships like the one with Ant Financial,” he added.
In March this year, Telenor Group entered into an agreement with Ant Financial, formerly known as Alipay, where Ant Financial announced an investment of US $184.5m for a 45% stake in Telenor Microfinance Bank (TMB), a subsidiary of Telenor Group, to further develop mobile payment and digital financial services in Pakistan. Ant Financial is dedicated to bringing the world more equal opportunities through building a technology-driven open ecosystem and working with other financial institutions to support the future financial needs of society.