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Mian Zahid lauds pm, COAS interest in improving Karachi situation

President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Monday lauded the interest of Prime Minister Imran Khan and COAS Qamar Javed Bajwa in improving the situation in Karachi by investing billions in the infrastructure.

Both the important figures have visited Karachi, held meetings with politicians, businessmen and other stake holders and the government has announced a package of Rs1100 billion which has made everyone hopeful.

Talking to the business community, the veteran business leader said that the efforts of COAS and PM will transform Karachi into a developed city which will also expand GDP, boost production, employment and revenue to reduce poverty.

Karachi’s is contributing Rs2600 billion as taxes which can be boosted to Rs4000 billion py providing enabling environment but its infrastructure is in a shamble but it will become satisfactory as its weakness has been noticed at the highest level following the recent rains which has resulted in heavy losses, he said.

He said that rain-related losses in other cities were comparatively lower as their infrastructure was better than Karachi which has been neglected by federal and provincial governments and local bodies for decades.

The veteran business leader noted that many packages were announced for Karachi in the past but none could be implemented therefore the government should ensure transparent implementation of the recently-announced package to avoid wastage.

He said that all the stakeholders must rise about the party interests and join hands to develop Karachi and national development is impossible unless Karachi remains underdeveloped.

The economy was improving following the coronavirus-linked lockdown but the rains and weak infrastructure of Karachi has reversed all the gains.

The recent package will increase Karachi’s budget by 400 to 500 percent which must be utilised efficiently and in a transparent manner to develop the most important city of Pakistan, he demanded.

In the next step Karachi must be given financial autonomy which will go a long way in improving overall situation, he said.

He expressed satisfaction over inclusion of federal, provincial and local government officials, members of the business community and army officials.

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Two leading charities of Pakistan jointly launch blood donation campaign

Two leading charities of Pakistan have joined hands to conduct a voluntary blood donation campaign for saving human lives in Sindh during the coronavirus emergency. The Green Crescent Trust (GCT) and Indus Hospital have joined hands to conduct the voluntary blood donation campaign in Sindh. The campaign initially is being launched in 92 charitable schools of the GCT in Karachi in a phased manner.

A launching ceremony of the blood donation campaign was held here at the GCT’s head office. CEO of Indus Hospital Dr Abdul Bari Khan was the chief guest on the occasion.

Speaking on the occasion, Dr Abdul Bari Khan appreciated the gesture of GCT to volunteer for the blood donation campaign of the Indus Hospital for critically ill patients in Sindh. He fully backed the GCT’s campaign to enrol out-of-school children in Sindh.

He said the GCT had been conducting as much important mission for the deprived communities of Sindh as was the case of Indus Hospital.

He said that the Indus Hospital would support in whatever way possible the charitable campaign of the GCT to educate children of the underprivileged families in Sindh.

He said that Indus Hospital and GCT would also join hands to conduct community health awareness campaigns for underprivileged families in the province. The students enrolled in the network of GCT’s schools will play an important role in this regard, said Dr Bari.

Speaking on the occasion, CEO of GCT Zahid Saeed said that his charitable organization always welcomed the support of like-minded charities to further its campaign to educate children of the backward communities in Sindh.

He said that the GCT joining hands with the Indus Hospital had set a precedent for other charities to work together for uplift of the underprivileged people.

He said that the GCT would continue its cooperation with the Indus Hospital for treating ailing people belonging to the poor families.

It is worth mentioning here that the joint blood donation campaign will mainly rely upon teachers, non-teaching staff, parents of the students, and people living in the surroundings of the charitable GCT’s schools.

Employees of the GCT will also participate in the campaign.

Volunteers of the blood donation campaign will be offered a mini medical check-up and nine different blood tests free of charge.

The blood collected through this campaign will be provided to hospitals, thalassemia centres, and health treatment centres for treating critically ill patients all over Sindh. These health institutions are connected with the Indus Hospital Blood Centre.

The GCT before entering into the partnership with the Indus Hospital has already established over 150 charitable schools in rural and remote parts of Sindh having enrolment of 29,000 children of the needy families.

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Pakistan Bait-Ul-Mal offers financial assistance to IBA Karachi

Pakistan Bait-ul-Mal (PBM) and Institute of Business Administration (IBA), Karachi signed an MOU where 25 deserving students will receive funding of up to Rs. 100,000 every year.

The MOU was signed by Mr. Aon Abbas Buppi, Managing Director, PBM and Ms. Malahat Awan, Director, Corporate Relations, IBA Karachi at the PBM headquarters in Islamabad. The two-year agreement will also offer internship opportunities to these students in various offices of the PBM around Pakistan.

Speaking at the occasion Mr. Abbas remarked, “PBM is extremely happy to support IBA as it is one of Pakistan’s most prestigious universities. In due time, as our relationship with IBA strengthens, we hope to increase PBM support to include 25 more students.”

Ms. Awan thanked PBM for their support for IBA, especially during this stressful time, when a lot of families have been affected by COVID.

Keeping in view, the economic impact of the pandemic in the country, the IBA Karachi has beefed up its financial assistance program to Rs. 380 million, a 25% increase from last year, which will benefit more than 1200 needy students. The financial assistance program at the IBA is supported by philanthropic organizations, corporates, alumni and individual donors.

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Al Baraka Bank chooses ZRG oneview cms software

ZRG International, a Unified Contact center and CRMsolution provider, announced that Al Baraka Bank Pakistan Limited, a rapidlygrowing Islamic Bank, has selected ZRG’s OneView CMS software to enhance the Complaint Management operations, compliance and reporting functions.

Al Baraka Bank Pakistan is a success story with assets in excess of PKR 165 Billion a workforce of over 2,800professionals and a network of over 185 branches in 92 cities and towns across the country.

Al Baraka Bank Pakistan is a subsidiary of Al Baraka Banking Group (ABG), a Bahrain Joint StockCompany, with authorized capital of ABG is US$ 2.5 billion asset base ofaround US$ 26 Billion and total equity of US$ 2.3 Billion with Banking units and representative offices in 17 countriesspanning from Europe to MENA and Asia, with a network exceeding 700 Branches and Standard & Poor’s rating at BB- with a stable outlook (longterm) / B (short term) respectively.

With a vision for unrivalled services, dedication to Islamic principles ofbanking, increasing network points, and with a growing customer base and their needs, along with compliance requirements, Al Baraka Bank was looking for ways to add more innovation and efficiency in thecomplaint resolution and contact management function.Al Baraka Bank evaluated multiple solution providers and found that OneView CMS by ZRG was the most flexible and cost effectiveplatform for the current and future requirements of the Bank.

OneView CMS by ZRG is the contemporary platform for managing complaints, inquiries andrequests from customers, non-customers and internal users. The solution is designed with the aim toaccelerate business processes from routine to extra ordinary, take best practice to nextlevel, drive the costs down and refine the customer experience. It provides complete, open standards based integrated and highavailability platform for best-of-breed business applications engineered towork together.

OneView CMS is a lot more than complaint management software. It is a fullfeatured workflow based case management system that can handle customer issues, service requests, inquiries and leads from customers, non-customers and internal users. It is a one-window solution that provides enterprise widecoverage and capabilities for the users, teams and departments delivering several strategic and operational benefits such as:

OneViewCMS enables a business to group together the complaint items into distinct types and categories such as Credit, Recovery, ADC, Branch Banking, Bancassurance, etc. The manager can create any number of types and categories without any limitations. This enables the managers to get granular reporting to identify good performance as well as the bottlenecks.

OneView CMS delivers comprehensive multi-department based processing of case items with TATdefinition, escalation matrix and monitoring for each department. Registered case items can be routed to the concerned department automatically or manually as per item settings. Users canadd notes and attachments such as images and documents related to the case item. System keeps track of all processing history for each case with dateand time stamping.

OneView CMS provides software interfaces for different types of user roles. The contact center agent and branch office front desk user can register new case items received via phone calls, emails and customer visit. CMS back office department users receive, process and resolve the case. The Complaint management team users close the resolved case items after doing the verification. This team also monitors the pending tasks and intervenes if a task is unattended within the given time.

OneViewCMS helps you achieve paperless office by using dynamic eForms to speed up internal processing. Any number of eForms can be defined and routed for processing and resolution, each with its own TAT and escalation. There is no upper limit.

OneView is a fully customizable and seamlessly integrated software solution stack with a uniquelyflexible architecture makes it possible to customize any aspects of thesystem to meet customer needs, such as alerts, management dashboards and integrationwith the backend hosts.

OneView CMS comes with a wide range of pre-built reports for department andcategory based detailed and summarized MIS requirements. There are optionsfor data extraction and custom reports can be added as per companyrequirements.

With OneView CMS software, Al Baraka Bank is well positioned to deliver enhanced customer satisfaction and play an important role in furthergrowing an industry which has witnessed tremendous growth over the last 15 years.

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HabibMetro scholarship award opens at IBA Karachi

The Habib Metropolitan Bank Limited (HMBL) launched HABIBMETRO Scholarship Award at an MOU signing ceremony held at the IBA Karachi. The President & CEO HMBL, Mr. Mohsin Ali Nathani, and the Executive Director, IBA Karachi, Dr. S Akbar Zaidi signed the agreement through which two (2) undergraduate students from the IBA National Talent Hunt Program (NTHP) will be financed for the duration of their studies.

As per the agreement, the scholarships will be awarded on a need-cum-merit basis, keeping in view, the applicants’ academic record, and financial circumstances. The scholarship will cover all educational expenses including admission, tuition, hostel, and mess charges.

Commenting on the initiative, Mr. Nathani said, “We are pleased to further the philanthropic legacy of HABIBMETRO Bank and partner with the IBA in contributing towards making quality education affordable to meritorious and deserving students. We look forward to engaging with the scholarship recipients during their stay at the IBA.”

Dr. Zaidi appreciated the initiative of the Bank and remarked that meritorious students belonging to the underprivileged regions will be benefited from this scholarship award. Dr. Zaidi said, “The inclusive nature of the IBA allows hundreds of students from financially challenged background every year to partake in higher education at the institute and donors like HMBL help them realize their dreams.”

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NBP AND PASDEC sign MoU for marble and granite sector

A Memorandum of Understanding (MOU) has been signed between National Bank of Pakistan (NBP) and Pakistan Stone Development Company (PASDEC) for collaboration between the two organizations for development and promotion of the Marble and Granite sector of the country and undertaking outreach and engagement initiatives.

Under the MOU, both organizations will collectively pursue opportunities for provision of access of finance to the Marble & Granite sector of Pakistan as well as endeavour to develop the export potential of the sector. Also amongst the objectives will be facilitation in knowledge programs, exploring opportunities for advisory services and evaluating potential avenues of joint venture projects to enhance local production of dimensional stone and exports.

PASDEC is a public limited company, incorporated under Section 42 of the Companies’ Act 2017. It is a subsidiary of Pakistan Industrial Development Corporation (PIDC) and working under the administrative control of the Federal Ministry of Industries and Production. PASDEC’s mission is to make Pakistan globally competitive and a socially responsible player of the international dimensional stone industry.

NBP is Pakistan’s largest public sector commercial bank, providing a diverse range of products and services to the SME sector. The Bank is taking initiatives for increasing market penetration and growth in the priority sectors of the economy. The Inclusive Development Group (IDG) within NBP is spearheading these initiatives and is engaged in focusing on financial inclusion of underserved sectors that have significant business potential.

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SSGC holds another Khuli Kachehri session to solve customers’ queries

The eight session of Ruburu, SSGC’s online Khuli Kachehri session was held on September 2, 2020 to facilitate those gas customers seeking redressal of their complaints. Through a pre-publicized phone number, a large number of Karachi-based customers called SSGC representatives led by Acting MD Mr. Amin Rajput, to seek redressal of their gas related complaints.

SSGC has been utilizing this relatively new mode of communication since May 2020 on the directives of the Prime Minister of Pakistan’s PMDU (Performance Delivery Unit) to facilitate customers who could not physically visit utility companies due to COVID-19 situation.

In this session, AMD SSGC was accompanied by Shehryar Kazmi, GM/Incharge (Customer Service), Kamran Nagi, GM (Distribution South) and Adnan Afzal, CM (Billing).

A number of calls pertained to gas supply and leakages issues particularly in those areas that were most affected by the recent heavy rains. The management noted down the complaints and queries for quickest possible redressal.

The session was moderated by Company’s Spokesperson and GM Corporate Communications Mr. Shahbaz Islam.

The team intends to organize similar sessions in other major regional stations of SSGC, including Hyderabad, Quetta, Sukkur, Larkana and Nawabshah in the coming phases.

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Shan A. Ashary named K-Electric chairman of board

K-Electric is pleased to announce the appointment of Mr. Shan A. Ashary as its new Chairman of the Board effective 7 September 2020. Mr. Ashary, who has been on the Board of Directors of the Company since 2005 and represents the KES Power stake in KE, is the longest-serving member of the board.

As the new Chairman, his focus will be on operational excellence at the Company across its generation, transmission and distribution functions to ensure safe, reliable and uninterrupted power supply to the Company’s customers. The Board of Directors is confident that Mr. Ashary, with his proven track record of accomplishments, will bring a wealth of knowledge and valuable experience to the position. The Board also looks forward to working closely with the committee formed on the directives of the Honorable Supreme Court to facilitate K-Electric’s service provision and investment approvals through a one-window solution.

Mr. Riyadh S. A. A. Edrees has decided to step down from the position of Chairman and Board member of K-Electric due to his other professional and board commitments and inability to be present in Karachi due to COVID-19 situation and hence, not actively participate in KE’s board governance. The Board expresses its appreciation to Mr. Edrees for his leadership and contribution to the Company’s performance.

K-Electric has come a long way since its privatization in 2005, and has converted from an under-utilized strategic asset into a leading energy player today. With the unplanned growth of Karachi and other civic challenges it continues to face challenges. The new chairman is committed to lead the utility contribute towards the development and growth of Karachi.

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PBIF demands implementation of Karachi package

President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain on Wednesday asked the federal and provincial governments to start the implementation of the Karachi package.

Pakistan economy was showing some positive signs but some elements have initiated politically-motivated criticism which is a negative development, he said.

Mian Zahid Hussain said that soon after the Rs1100 billion package by the Prime Minister Imran Khan the political parties locked horns which has raised questions about the package.

Talking to the business community, the veteran business leader said that political struggle over the package has worried masses and the business community which has received assurances by the COAS and PM.

Recently the federal and provincial governments have decided to shun differences in the greater national interest which send a very positive signal to the investors albeit for a very short span.

He said that PM has appointed CM Sindh Syed Murad Ali Shah as Chief of Provincial Coordination Implementation Committee which had revived hopes that Karachi will find its lost glory but in vain.

The masses and businessmen were hopeful that fifty deaths and losses to the tune of billions of rupees has united political leaders and now the issues like water, electricity, health, education, sanitation, encroachments, infrastructure and transport will be resolved.

He said that politicians should think about life and property of masses and make a good example by reviving the orphan city of Karachi which is providing almost 65 percent of revenue.

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Dell Pakistan, M&P join hands to launch unique aerial advertising campaign using branded aircraft

Dell Technologies Pakistan and Muller & Phipps (M&P) have combined their strength to launch a unique aerial advertising campaign to create mass awareness about latest Dell Latitude Laptops.

Under the campaign, an aircraft fully branded with Dell Technologies will do low flying all over Karachi during next five days for mass awareness about latest series of the Dell’s Latitude Laptops.

The launching ceremony of this aerial advertising campaign-the first of its kind in Pakistan-was held here at Old Airport on Saturday.

Speaking on the occasion, Country Manager of Dell Pakistan Naveed Siraj said that the Dell’s latest 10th Generation Latitude laptops would facilitate a large number of professionals from different fields who had been working from home due to the Covid-19 pandemic.

He said that the Dell had the responsibility to provide highest performance laptops to people who chose to work from home or wanted to remain mobile while performing their duties.

He said this campaign showed that the Dell’s partnership with M&P is touching the limits of the sky. “We want to work with them at every level so that we effectively serve our valued customers”, he said.

He said that Dell’s partnership would ensure availability of its latest products in 50 cities and towns across Pakistan where the distribution network of M&P was present. “It is a partnership between the world’s largest technology company and one of Pakistan’s largest distributors,” said Mr. Naveed Siraj.

Also speaking on the occasion, M&P’s Business Head Muzzamil Athar said that the M&P was the largest distributor of IT and Telecom products in Pakistan.

“This campaign will make people realize that branding and quality of the Dell’s products are reaching new heights,” he said.

He said that the Dell was providing to its customers in Pakistan laptops having high performance with specialized features to help business customers.

He said that any channel partner took the best photograph of this branded aircraft flying over Karachi during next five days would be given a free Dell’s Latitude Laptop.

He said that resellers of the Dell’s products in Pakistan who sell 100 pieces of latest 10th Generation of Dell’s Latitude Laptops in the current quarter would be offered flying experience in this aircraft for one hour.

It is also informed on the occasion that the mode of aerial advertising doesn’t create the civic issues for the general public, which is otherwise caused by the conventional forms of advertising while this innovative method is also quite appealing and attractive for the viewers. The aerial advertising also covers a large number of prospective buyers within shortest possible time.

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NBP posts profit after tax at rs15.2 billion for six months

The Board of Directors of National Bank of Pakistan met on Tuesday, September 01, 2020 and approved the condensed interim financial statements of the Bank for the half-year ended June 30, 2020.

With strong growth in core earnings, the Bank reported unconsolidated Profit After Tax of PKR 15.2 billion, up by PKR 4.1 billion or 36.8% compared to the same period last year. Net assets of the Bank increased by PKR 26.4 billion to PKR 259.0 billion (Dec ‘19: PKR 232.6 billion).

During H1 ’20, the Bank earned gross mark-up/ interest income amounting to PKR 145.3 billion which is 49% higher than PKR 97.7 billion of H1 ‘19. Total earning assets averaged at PKR 2,428.1 billion (Jun ‘19: PKR 1,931.5 billion), of which investments amounted to PKR 1,403.7 billion and generated interest/mark-up income of PKR 85.4 billion, being 92.2% higher than that of H1, 2019. Whereas, net advances averaged at PKR 971.1 billion being 6.6% higher than PKR 911.3 billion of Jun ’19, and recorded 18.7% growth in mark-up income that closed at PKR 57.6 billion. As the Bank incurred cost of funds amounting to PKR 96.8 billion (H1 ’19:PKR 62.1 billion), net mark-up/interest income for H1 ’20 closed at PKR 48.4 billion, being 36.2% higher against PKR 35.6 billion earned during the H1 ‘19. Contributing a quarter to the total income, Non-Fund Income “NFI” for this period amounted to PKR 18.3 billion, marginally higher by PKR 0.14 billion or 1% than PKR 18.2 billion of H1, 2019. Despite high inflationary pressures, the Bank did well at keeping a lid on the administrative expenses that clocked at PKR 29.5 billion, being 5.9% higher YoY, translating into Cost-to-Income ratio of 44.2% compared to 51.7% for H1 ’19.

The total asset base of the Bank on an unconsolidated basis amounted to PKR 3,163.4 billion which is 1.2% higher than PKR 3,124.4 billion as at December 31, 2019. Investments continued to constitute the bulk of the asset-mix and increased by PKR 203.8 billion to PKR 1,643.0 billion, whereas net advances registered a decline of 7.2% over Dec ‘19, clocking in at PKR 935.6 billion. On the liabilities side, the deposit base of the Bank registered an increase of PKR 141.2 billion i.e. 6.4% over Dec ‘19, improving the current account mix to 55.1% and CASA ratio to 83.1%. In June 2020, M/s VIS Credit Rating and PACRA Credit Rating re-affirmed the Bank’s credit rating as “AAA” (Triple AAA), the highest credit rating awarded by the company for a bank in Pakistan.

In recognition of the successful deals and innovative initiatives that made a positive impact for its clients, the Bank has recently been awarded two prestigious awards i.e. ‘Corporate Client Initiative of the Year–Pakistan’ and ‘The Innovative Deal of the Year–Pakistan’ by Asian Banking & Finance Magazine.

The Bank is revalidating business assumptions with a focus on how the Covid-19 crisis may affect its asset quality and the adjustments needed to contain the impact on the overall business model of the Bank. NBP remains committed to using its earnings to bolster the balance sheet and provisions have been increased substantially. A key element of the strategy already approved by the Board is to support greater financial inclusion via participation in the SME, housing, agriculture and construction sectors. The Bank continues to play its role in supporting those segments which have been under pressure during the slowdown to help them retain their financial flexibility and play their due role in the economy.

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UBL announces winners of the 9th UBL literary awards

The winners of the 9th UBL Literary Awards 2020 were announced by UBL on their social media platforms on Tuesday, September 8, 2020. Celebrating the literary efforts of Pakistani writers form both within and outside Pakistan, UBL announced the winners of these awards for the ninth year running.

Despite the unprecedented conditions across the globe due to the Covid-19 pandemic, enthusiastic participation was witnessed after the call for entries announcement for the awards was released earlier in 2020. The books, which were written by Pakistani authors and published both within and outside Pakistan from July 1, 2018 to December 31, 2019, were shortlisted by an esteemed panel of judges which included the likes of Dr. Asghar Nadeem Syed, Mr. Ghazi Salahuddin, Dr. Arfa Syeda, Ms. Kishwar Naheed, Dr. Anwaar Ahmad, Mr. Masood Ashar and Ms. Muneeza Shamsie.

Two new categories of Debut Book (both in English & Urdu), in addition to the existing eight were awarded this time.

The winners from each category are:

The Lifetime Achievement Award was presented to Dr. Asif Farrukhi (Late), renowned fiction-writer, critic and translator and esteemed judge of the UBL Literary Awards for his contribution to Pakistan’s literary landscape and his extraordinary body of work.

Mr. Shazad Dada, President & CEO UBL, in his message on UBL Social Media platforms, said “As a responsible Corporate Citizen UBL has played its part in the betterment of society through many of its own efforts. The UBL Literary Awards have been a cornerstone of one of our initiatives of giving back to the society through literature.”

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Pakistani businesses shortlisted for shell global innovation prize

Three entrepreneurs from Pakistan have been shortlisted among 21 finalists for the 2020 Shell LiveWIRE Top Ten Innovators Awards, a global competition that highlights and rewards businesses that demonstrate excellence in innovation. In total, 136 applications were received from 15 countries.

This year, the Shell LiveWIRE competition is focused on Creating a More Liveable World. As part of Shell’s commitment to respond to changing global needs, this year’s Top Ten Innovators competition will also include a focus on supporting entrepreneurs throughout the Covid-19 pandemic. To this end, transformational solutions that address the direct and indirect impacts of the pandemic will be highly valued.

Winners and two runners-up will be named in the three categories of Energy Transition, Environment & Circular Economy, and Local Prosperity, with the winners receiving $20,000 USD and runners up receiving $10,000 USD. In addition, one Outstanding Achievement Award of $10,000 USD will be presented to an enterprise that has significantly contributed to combatting the socio-economic impacts of COVID-19, within any of the above themes. All Top Ten Innovators will win direct mentoring from Shell staff and the opportunity to integrate within and benefit from vast linkages within Shell’s global network.

Public voting is open from 7 September – 16 September and will help determine the ten winners. Please go to [https://www.livewire.shell/topteninnovators] to vote for your favourite business. The ranking of the Top Ten, determined by an expert panel of judges, will be announced during Global Entrepreneurship Week 2020.

Haroon Rashid, Chief Executive and Managing Director of Shell Pakistan said, “We’re thrilled to see Aqua Agro, Edvon and ENENT from Pakistan compete for the Top Ten Innovators. This is a great opportunity to not only highlight these entrepreneurs but also a chance to showcase the talent and innovation we see every day across Pakistan. We encourage everyone to vote for the business that inspires you from the 3.”

Business Entrepreneur Business Summary Category
Aqua Agro Ramla Kaleem Aqua Agro uses Artificial Intelligence and innovative technology to enhance productivity and water savings for farmers. Environment & Circular Economy
EDVON Muhammad Nabeel EDVON develops STEAM curricula and DIY robotics kits for K-12 students. Their Corona-fighting robot improves sanitation and compliance in healthcare settings. Local Prosperity
ENENT Muhammad Osama Bin Shakeel ENENT is a clean-tech electronics start-up focused on designing innovative products that can reduce electricity bills and power loss by up to 20%. Energy Transition
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