Meezan Capital Preservation Fund introduced KARACHI (PR): As per of our strategy to introduce new and innovative shariah compliant solutions for investors, Al Meezan Investment Management limited is pleased to announce launch of Meezan Capital Preservation Fund(MCPF). The subscription of the fund will be open for limited period from Dec 26, 2013. CEO of Al Meezan Investments, Mohammad Shoaib said, “Meezan Capital Preservation Fund is ideal for investors seeking attractive Riba- Free returns while at the same time not willing to risk their principal investment”. Christams loan disbursement ceremony by AkhuwatLAHORE (PR): Akhuwat organized a special loan disbursement ceremony at the St. Mary Magdalene Church to celebrate Christmas. Speaking at the occasion Rev. Saleem Sultan appreciated Akhuwat’s role in spreading the message of brotherhood and interfaith harmony. Cheques granting Qarz – e – Hassan were issued to 100 Akhuwat borrowers who attended the ceremony. Since 2001, Akhuwat has been striving to alleviate poverty by helping financially struggling entrepreneurs to realize their potential and become self-sufficient. The Executive Director of Akhuwat, Dr. Amjad Saqib (Chairman Akhuwat)emphasized on the commitment of his team to serve Pakistanis without any social, gender or religious bias. He said that Akhuwat has always spread the message of brotherhood, tolerance and interfaith harmony and will continue doing so with the same zeal and passion. Habib University announces scholarship programmeKARACHI (PR): In an effort to support students with financial constraints and committed to providing world class education to students from all backgrounds, Habib University will be has offered an unparalleled financial aid and scholarship program. Habib University aims to ensure that no qualified student is denied education because of financial reasons and has made the financial aid process easier for prospective students and their families. Over 100 merit based scholarships will be provided to the 200 students admitted in Habib University’s first cohort ofstudents. 10% of Habib University’s students will be on full scholarship while 80% will be able to avail some form of financial assistance depending on their demonstrated need. This generosity is unprecedented in Pakistan and comparable to institutions like Harvard University who award around 70% differing types of aid. The financial aid package of Habib University, comprises of merit-based scholarships, grants, on-campus student employment opportunities, and loans. These options are available based on the students’ requirements. Habib University’s financial aid advisors will work with students and their families throughout the financial aid process to ensure that they arrive at a contribution that takes all of the circumstances into consideration and decide accordingly. The University is committed to the fact that it does not want the financial aspect to deter a student from applying for admission. They understand that paying for the university is a concern for most families, and as a result have worked hard to make it accessible.
Telenor largest AMRsolutions providerISLAMABAD (PR): Telenor Pakistan has become the largest Automated Meter Reading (AMR) solutions provider in the country with an on-going deployment of 17,000 smart meters in five cities of Pakistan including Islamabad, Hyderabad, Multan, Lahore and Peshawar. Automatic meter reading, or AMR, is the technology of automatically collecting consumption, diagnostic, and status data from water meter or energy metering devices (gas, electric) and transferring that data to a central database for billing, troubleshooting, and analyzing.Automated Smart Meters have been deployed in five distribution companies in collaboration with International Resources Group, an American enterprise which is a wholly-owned subsidiary of Engility Corporation. The Automated Smart Meter deployment will help reduce distribution losses, electricity theft and increasing labor productivity by automating monitoring, meter reading and load management.Talking about the impact of the project, Irfan Wahab, Chief Marketing Officer, Telenor Pakistan said, “As a socially responsible company, Telenor Pakistan is committed to providing consumers with innovative services and benefits of technology through M2M technology and green solutions.
FRESH chairperson calls on Bishop of LahoreLAHORE (PR): Chairperson Foundation for Rehabilitation & Education of Slow Children (FRESH) Ashba Kamran called on the Bishop of Lahore Rt Rev Irfan Jamil and apprised him about the efforts made by the Foundation for education and rehabilitation of slow children.Ashba Kamran told the Bishop of that the FRESH has launched Pakistan Association for Disabilities in Learning (PADIL) a year back to raise awareness about learning disabilities among masses and change the prevailing mindset of society about persons with learning disabilities.She said FRESH is of considered opinion that high school dropout rate in Pakistan was merely because of the unattended phenomenon of learning disabilities among children. She deplored that no government mechanism was in place to assess Learning Disabilities among children at primary level through qualified professionals and psychiatrists.