Lamudi Pakistan forecasts for property sector
LAHORE (PR): Pakistan’s property sector is poised for recovery in the second half of 2015, according to property portal, Lamudi (www.lamudi.pk).
The property search on the Lamudi portal for both residential and commercial category has already increased by 54 per cent in the first six months of 2015. Real estate experts from all over Pakistan are also expecting the market to show signs of improvement, after the stalling market activity in the first six months.
Both real estate agents and developers have reported an increase in queries from investors, especially from overseas Pakistanis. This increase in property enquiries is expected to scale up in the second half of 2015 as well, notably around Eid-ul-Azha and New Year, when the overseas Pakistanis will return to their home country again.
Saad Arshed, Country Director, of Lamudi.pk, said: “The increase in customer queries vouches for the optimism that investors have about the real estate sector in Pakistan.
Its property market is returning back to its former glory days. I would strongly advise investors, especially short-term ones to invest in property now and sell it off within these six months, as prices are expected to shoot up in future.”
The economic conditions of Pakistan have also improved and with the Budget 2015, bringing positive signs for the real estate sector in terms of relaxation in taxes and the launch of Real Estate Investment Trusts (REITs), it is the ideal time for investors to invest in the property market.
TDAP clarification
KARACHI (PR): TDAP spokesperson has refuted the statement by Khuram Saeed of Businessmen Panel about the dismal performance of the export managers and misuse of Export Development Fund.
He said that the decline in exports is due to electricity and gas shortage in Punjab and water shortage in Karachi. In addition the delay in refund of sales Tax and custom claims by FBR has deprived businessmen of cash flow.
The decline has been further compounded by fall in international prices of rice by 40%, leather by 50% and carpet by 40%. This factor is beyond government control.
The utilization of Export development fund is completely transparent and every project is thoroughly examined by the board before approval and release of funds.
The use of funds allocated are again monitored strictly according to financial rules.
Lumen Soft unveils version 11 of Candela RMS
LAHORE (PR): Lumen Soft Technologies, the software technology company, has announced the launch of version 11 of Candela RMS (Retail Management Solution).
The new version comes with many upgrades, new features and functionality enhancements. Built-in help menu on every screen, improved layout and framework, configuration of new types of discounts and quick management of customers’ orders are some of the highlights of version 11.
“Version 11 of Candela RMS is designed to deliver on Lumen Soft’s vision of customer-driven product evolution,” said Abdul Aziz, CEO of Lumen Soft Technologies. “These enhancements have been made after constantly soliciting customer feedback and suggestions,” he added.
Huawei’s R&D
LAHORE (PR): Technology solutions providing company Huawei has made incredible growth in the first half of the fiscal year, 2015. This growth rate has been the highest since the company started announcing its interim growth results i.e. since 2011. Huawei owes this success majorly to the remarkable sales achieved by the smart phones and the growth of their Enterprises and not to forget the 4G devices are also playing an important role.
The success Huawei is achieving, with leaps and bounds, is because of the efforts put in by the work force in their R&D department, where thousands of staff members are working 24/7tirelssly to deliver the best of technologies to the Huawei users.
Huawei is allocating 10% of sales income into R&D which makes 1.2 billion of R&D investment in 2014. They have built 16 R&D centers globally and the70% of Huawei’s staff is working in the R&D which clearly shows their priority and their motto “Quality above quantity”.
In these R&D centers, the staff members are striving for making technological innovations, leveraging talent and utilizing their global resources so that every single product they manufacture is outstanding.
Huawei Pakistan’s Director Marketing Devices, Fanhong Bruce said, “We focus on manufacturing the best for our customers, which is why we pour in all our energies and maximum of our revenues in the R&D department. This strategy is certainly paying us off, as our brand has got such an incredible growth in the first half of 2015.”
Paris Aesthetic Center and London Design Center have more than a dozen renowned designers from the luxury, fashion, automobile, 3D and digital industry which are strongly helping this growing brand to achieve the top position in all the fields, be it technology or fashion.
Huawei has undoubtedly passed very successfully through many crucial stages and emerged as a Brand which is making seamless progress and has become the most respected brand among global consumers.
Huawei was also the first mainland brand to make it on to Interbrand’s Top 100 Best Global Brand list in late 2014.With respect to overseas brand awareness, there has been 60% year to year growth in share of voice on Global social media channels.
High returns on Al Habib Mahana Munafa Account
KARACHI (PR): Bank AL Habib offers AL Habib Mahana Munafa Account featuring monthly payment of profits. The investment is available in five flexible schemes from one to five years term with monthly profit payments up to 7% p.a. on a five-year deposit. The minimum deposit amount is Rs. 25,000 and financing up to 90% against deposit is also offered.
At present, Bank AL Habib has a network of 508 branches & sub-branches in 162 cities and towns of Pakistan, including overseas branches in the Kingdom of Bahrain, Malaysia and Seychelles. The bank also has representative offices in Dubai, Turkey & China.
AlphaPro hires UK-based photographer
LAHORE (PR): AlphaPro, digital media solutions in Pakistan, has hired a renowned UK-based photographer RK Shah.
Shah, who is a paparazzi award winner and also has won a numerous other awards, comes to Pakistan to take the centre stage at the forum. The UK-based photographer, who is a maverick in the photography world and is famous for his talent of being fastest picture taker, will exclusively work in Pakistan in collaboration with AlphaPro.
Equipped with latest technology RK Shah provides complete photography/ cinematography solutions including wedding shoots, full HD up to 4k video coverage, Fashion photography/ shows, music videos and much more.
AlphaPro has been part of the most happening events of the twin cities, now this addition in the team will definitely grab the attention of people looking for professionally handled events.