Fiza nominated as “Future
Energy Leader”
KARACHI (STAFF REPORTER): The CEO of Buksh Foundation and Director Buksh Energy Pvt. Ltd. Ms. Fiza Farhan has been nominated as the “Future Energy Leader” at the World Energy Council, in recognition of her efforts for the growth of renewable energy sector in Pakistan. Ms. Fiza played a leading role as a specialist in the renewable energy sector. She said, “I am excited to be a part of the “Future Energy Leader” Programme, which is designed to build on ideas of young leaders in the global energy sector. I look forward to make valuable contributions towards WEC’s sustainable energy solutions for tomorrow, while sharing my knowledge and expanding my experience on a global scale.
SBP reminds public to exchange of decimal Coins of Paisa 1,2,5,10,25 & 50
ISLAMABAD (APP): SBP has reminded the general public to exchange the decimal coins of Paisa 1,2,5,10,25 and 50 from the field offices of SBP BSC and commercial / microfinance banks branches by last working day of September 30, 2014 For awareness of general public, SBP has advised the Commercial /Microfinance Banks to display posters/banners at visible places of their branches for exchange of decimal coins. It may be recalled that the federal government has already notified that coins of Paisa 1,2,5,10,25 & 50 will cease to be legal tender on October 1, 2014. However, it can be exchanged from the field offices of SBP BSC and branches of banks till September 30, 2014.
150 KW micro hydel power house to be constructed in Chitral
CHITRAL (INP): To overcome energy crisis in the country, a150 KW Micro Hydrol Power House will be constructed at Shahidas (Lasht) by SRSP under Economic Advancement and Community Empowerment programme funding by European Union. SRSP and a local organisation jointly would form the hydro one power house. Estimated to cost Rs 28.6 million the local organisation would contribute Rs 1.8 million while SRSP will contribute rest of the cost. The Lasht area of Shahidas has been totally deprived of electricity. A total of 380 families would benefit from this hydel power house. It was a celebrations like atmosphere during the inauguration ceremony despite heavy downpour.
as there was rush of women and men.
Everyone was full of happiness as this area is continuously deprived of any amenities of life. In this modern age there is no black top road, no electricity, no communication systems and no hospital.
There is only one jeep able bridge which connects Lasht, Shahidas area with the rest of Chitral
There is one suspension bridge which was made by British regime in 1917. Speakers on the occasion said that this bridge is very dangerous as there are no safety barriers on river side and many vehicles are drowned in the river. Some women said that there is no hospital, no electricity, no road and drinking water is also not available to them. They said there are few schools but no teacher in them. They thanked SRSP for initiating construction of 150 KV hydro power house as that will definitely change destiny of the area.
Pakistani trade fair does brisk
business in India
NEW DELHI (Online): Despite the freeze on diplomatic ties between India and Pakistan and protests against the fair, traders at the recently concluded four-day Aalishan Pakistan exhibition did brisk business. Politics and diplomacy was put on the back burner at New Delhi's Pragati Maidan where Pakistani traders were doing brisk business during the recently concluded four-day Aalishan Pakistan trade exhibition. Traders, participating in the four-day show, which began on September 11, organised by FICCI and Trade Development Authority of Pakistan, said that no matter what ties both the countries shared, the common man in both countries have no hatred against each other.
The trade exhibition witnessed huge footfalls, with people from all over thronged the expo where a wide array of garments, textiles, jewellery and other products were on display.
The exhibition was quite successful with over 150 exhibitors displaying their products, a marked rise from the 90 that participated in 2012.
"The fair received a good response, with many established brands and companies keen on expanding their reach in India participating in the expo," said Athar Khokhar, director, TDAP.
Traders at the fair further said that Indian women were very excited about the products and even negotiating and bargaining in Hindi and Urdu. One buyer, Neha, said, "I am a big fan of Pakistani fabric, which is quite superior and the food is good too. So coming to the fair was a great experience."
Govt, SBP lauded for encouraging Islamic banking
ISLAMABAD (INP): Lack of investment opportunities are hampering profitability and growth of Islamic banking in Pakistan which needs urgent steps by policymakers, an industry expert said Monday. Lack of investment opportunities is seen as a stumbling block by many as the Islamic banks cannot and should not invest in non-Shariah compliant avenues while investment in Islamic products is not available at satisfactory level, he said. Islamic finance has become one of the fastest growing sectors of the international banking industry which has also influenced Pakistan where two more banks are in process of entire conversion to Islamic banks, said Mian Shahid, Chairman UIG.
while delivering keynote address at a seminar.
He said that demand for Islamic financial products and services have been growing in Pakistan which will have a fifteen per cent share of the entire banking system in the next four to five years.
Efforts for an enabling environment by SBP, SECP, FBR and Finance Ministry can help Islamic banks grab more share than expected in a shorter span, he added.
Mian Shahid lauded the resolve of the Government and efforts of the SBP which is serious about promoting Islamic banking and trying to develop Shariah compliant instruments to manage liquidity and investment issues of Islamic banks.