JS Bank goes international

BAHRAIN (PR): JS Bank was recently granted a wholesale banking license by The Central Bank of Bahrain (CBB) for branch operations in Bahrain.

This will be the JS Bank’s first branch outside Pakistan and in addition to building upon the existing relationship with the Middle East and North Africa Region (MENA)region; the branch will facilitate business for regional corporates, expatriates, Government of Pakistan organizations and any Pakistani banks that do not have a presence in the region.

Commenting on this expansion, Khalid Imran, President, JS Bank said, “This is an important milestone for JS Bank. Bahrain has always been a strategic hub for financial institutions and our presence there will contribute towards further strengthening financial ties and enhancing trade and business”.

The Bank has grown from strength to strength since inception and its financials; credit ratings along with the highly experienced team are a true testament to its stability and ability to achieve its long term goals.

Ahmed Al-Bassam, Director of Licensing & Policy, Bahrain, welcomed JS Bank’s decision to open a branch in Bahrain and was confident that this addition to the Bank’s network would have a positive effect on the relationship between Pakistan and the MENA region.

PAPGAI leads industry

in job creation

KARACHI (PR): Pakistan Association of Printing and Graphics Arts Industry (PAPGAI) hosted Eid Millan dinner in honor of its members and exhibition committee of PrintPak-2015 Exhibition.

Chairman PAPGAI, S M Minhaj-ud-din, in his welcome address, said that “about two million people in Pakistan are engaged with printing and graphic arts industry which constitutes the second largest source of large number of jobs opportunities after the textile industry in Pakistan”. “No doubt, this industry has a great potential to explore new international markets to raise the bar of exports and further contribute in the country’s foreign exchange” he added. Further emphasizing he said that ‘the government should remove immediately anomaly of taxing raw material and allowing duty free import of printed matter.

He pointed out that Pakistan is the only country in the world which is taxing paper the basic raw material and allows duty free import of books. The result of which is that several big publishers are getting text books printed from China and Malaysia. This trend would adversely hit the printing industry. If raw material is allowed duty free, Pakistan can easily become a big exporter of printed matter.

Salman Haroon, Head of Exhibition Committee PrintPak 2015, in his vote of thanks highlighted that “considering the overwhelming response from the local and international companies thePrintPak-2015 (scheduled in November), will be organized in four halls of the Expo Centre instead of three halls, as more than 70% of the space has already being booked”. He further said that “the international participants, exhibitors, and delegates are set to make this exhibition the largest ever event of PrintPak editions”.

Earlier Jaffer Abbas, Director Sales Badar Expo Solutions, the event manager of Printpak 2015, briefed on the progress of the exhibition to the members.

Oxford launches Meghnad Desai’s book

LAHORE (PR): At an event held at a local hotel, Oxford University Press launched the renowned economist, Lord Meghnad Desai’s recently published book Hubris: Why Economists Failed to Predict the Crisis and How to Avoid the Next One. The book explores the reasons for the failure of economists to anticipate the global financial crisis and mitigate the impact of the ensuing recession. The author investigates the evolution of economics and maps its trajectory against the occurrence of major political events to provide a definitive answer.

Desai underscores the contribution of hubris to economists’ calamitous lack of foresight, and he makes a persuasive case for the profession to re-engage with the history of economic thought.

Meghnad Desai is Emeritus Professor of Economics, London School of Economics, where he was also founder and former director of the Global Governance Research Centre. He is a member of the House of Lords and chairman of the Official Monetary and Financial Institutions Forum.

The launch was followed by talks on the books “Pakeezah: An Ode to a Bygone World” also written by Lord Meghnad Desai and “Darlingji: The True Love Story of Nargis and Sunil Dutt”. written by Lady Kishwar Desai who is an author and columnist.

200+ cities now experience Mobilink’s 3G network

ISLAMABAD (PR): Mobilink has become the first telecom company to expand its 3G network to over 200 cities of Pakistan. In line with its commitment to focus on the growth of high speed internet across the country, Mobilink sped up its 3G network expansion by adding 178 cities, to the existing 31, in the first half of 2015 alone. Already the largest 3G network in Pakistan, Mobilink ensured its rapid 3G expansion was not hampering performance by certifying optimal performance in each area before moving on to the next.

Coinciding with Mobilink’s vision to bridge the digital divide prevalent in the country, this milestone has been achieved in just over a year since the commercial launch of high speed mobile internet in Pakistan. During the course of 2015, Mobilink has expanded its 3G network across the country by providing comprehensive coverage in metros, smaller cities, and towns across the four provinces.

In order to encourage the use of 3G and increase awareness in these newly connected areas, Mobilink also offers its subscribers free 3G for a limited period of time, which has been appreciated by people from all walks of life.

“Mobilink is playing a leading role in expanding the high speed broadband infrastructure in Pakistan. Being the first operator to launch 3G in more than 200 cities strengthens our position as the largest 3G network and also proves Mobilink’s commitment in bridging the digital divide by making a technologically advanced Pakistan,” said Aamir Ibrahim, CCO & Deputy CEO Mobilink.

Further elaborating on the benefits to the public of a strong 3G presence, and the change in local trends, he stated, “3G broadband facilitates access to knowledge and is a key factor that positively impacts the social-economic canvas in the country. While call and text performance are important aspects of mobile communications, people are now relying more on the internet to for their productivity and entertainment needs. Mobilink remains committed to providing the benefits of a solid high-speed internet connection to every Pakistani, in every nook and corner of the country.”

To support its superior 3G services, Mobilink has in place a robust fiber optic infrastructure that expands to over 8000 kilometers coupled with the latest technology, state-of-the-art equipment and a well versed team of professionals. Mobilink has invested heavily in its 3G network to provide exceptional 3G coverage to its subscribers in more than 200 cities.

Mobilink’s 3G network connects millions of people who use the Telco’s superior internet speeds and affordable data packages for education, businesses, communication, entertainment, and e-learning purposes.

Pak team at world schools debating championships

LAHORE (PR): The Debating Society of Pakistan has announced that the Pakistan National U19 Debating Team has reached the semi-finals of the World Schools Debating Championships 2015, being held in Singapore. The team, consisting of Asad Zafar Haider (Aitchison), Hamza Tariq (LGS Paragon), Hassan Qaiser (SICAS),Taha Masud (Westminister), and Zainab Hamid (KGS), and coached by Sofyan Sultan, has remained undefeated in the tournament, winning all eight of their preliminary rounds against teams hailing from Ireland, South Korea and Peru, among others.

The Pakistan National Debating Team unanimously won their octo-final match against the Philippines on the motion ‘This house would require members of the clergy to report all crimes to the authorities, including those made in confession’. The team, which is selected from a grueling national camp, then went on to defeat Greece 4-1 in the quarter-final, on the motion, ‘This house believes that affirmative action policies are counterproductive in reducing inequality’.

This is the first time since 2005 that Pakistan has reached the semi-finals of the World Schools Debating Championship, an annual event held between teams from over fifty nations and an event Pakistan has been attending since 1991. This is the fifth time Pakistan has reached the semi-finals. Of the previous four instances, Pakistan has proceeded to the final twice. Pakistan has also won the Best Team with English as a Second Language Award a record five times. The semi-final between Singapore and Pakistan will be held on 4 Aug 2015.

Tevta short courses

LAHORE (PR): Technical Education and Vocational Training Authority (TEVTA) has offered short courses in order to provide job opportunities to the youth of the province of the Punjab. TEVTA has offered 50 demand driven short courses in its 2nd phase across Punjab. 36120 male and female youth are getting skilled training at 285 selected TEVTA Institutes. These short courses have been started on the demands of relevant national and international industry.

Chairperson TEVTA Irfan Qaiser Sheikh was addressing a meeting here at TEVTA Secretariat. Vice President Mobilink Faisal Ejaz Khan, Manager Mobicash Rai Fakhar, Manager Mobicash Yasir Sharif Khan, Special Mobicash Officer Waqas Javaid, TEVTA Officers Hamid Ghani Anjum, Abdul Qayyum, Azhar Iqbal Shad, Akhter Abbass Bharwana, Sarfraz Anwar and other were also present on this occasion.

Haj training seminar by DHA

LAHORE (PR): The annual Hajj training for intending pilgrims will be held at Defence Auditorium in R- Sector, Phase II, DHA Lahore on August 8 and 9. The seminar is a regular annual feature arranged by Religious Affairs Branch DHA Lahore. Administrator DHA Lahore Brig Zafar Yaseen Babar will preside the seminar.

The trainer; Hafiz Dr. Abdul Wahid Qureshi, a religious scholar and trainer from Ministry of Hajj and Religious Affairs; will provide guidance and instructions on Hajj rituals and other preparative steps i.e., passport, visa, currency exchange and pilgrimage.