Tameer Group’s new project inaugurated

LAHORE (PR): Tameer Housing Development Corporation is a globally renowned name in the world of real estate development. The basic motto of Tameer Group is to provide homes only to the low-income segment of the society so that the maximum number of people from middle and lower middle class could benefit from their projects.

Tameer Group has recently initiated a project, Saibaan Homes, in Khuda Ki Basti, near Kala Shah Kaku. The project was inaugurated the other day by Deputy Governor State Bank of Pakistan and the Chairman House Building Finance Corporation Board Saeed Ahmad. Saeed Ahmad said that HBFCL always gives preference to the low-income bracket segment of the society, while approving loans for building homes. For the same reason, HBFCL has agreed to give financial support to the Tameer Group, so that more and more people can get loans to buy their own home. The loan is returnable on easy installment plan spanning over 20 years.

Saibaan Homes are available on a very low cost. Apart from the basic amenities, for the first time, the project offers solar energy systems installed in the homes within the same cost. This technology will allow the residents meet their routine electricity consumption with a very low monthly electricity bill. This joint venture between Tameer Group and Saibaan Homes will prove to be a milestone in pursuit of offering shelter to the low-income segment of the society.


MCB Bank, Atlas Honda ink MoU

LAHORE (PR): MCB Bank Ltd Retail Banking Group-Head South, Nadeem Afzal and Atlas Honda Ltd Chief Operating Officer Suhail Ahmed have signed an MoU. Through this initiative, MCB Bank will offer lending products at special discounted rates to the employees of Atlas Honda and will promote the brand’s motorcycle products through the credit card portfolio of the Bank.

Marrium Ahmed, Manager Finance Atlas Honda, Kashif Yasin, Chief Financial Officer Atlas Honda, Suhail Ahmed, Chief Operating Officer – Atlas Honda, Nadeem Afzal, Head RBG South MCB Bank, Muhtashim Ashai, Group Head CFIBG MCB Bank, Arif Abrar, Business Head – CL& WM, and Danish Khalid, Unit Head Institutional Sales, attended the MoU signing ceremony.


Training on CMIS

LAHORE (PR): Sui Northern Gas Pipelines Limited (SNGPL) held a workshop/training session in collaboration with Wafaqi Mohtasib (Ombudsman)’s Secretariat, regional office, Lahore at Sui Northern Gas Training Institute (SNGTI) regarding the linkage of SNGPL with Complaint Management Information System (CMIS) to get their employees acquainted with the system.

Syed Mohsin Asad, senior advisor/incharge, along with Malik Muhammad Iqbal, senior advisor Wafaqi Mohtasib (Ombudsman)’s Secretariat, as well as Shahid Maqsud, GM (Sales), addressed the participants and highlighted the importance of the system for early disposal of the complaints filed by the aggrieved persons before Wafaqi Mohtasib.

Later on, Sohail Ahmad Phatak, Consultant IT Wafaqi Mohtasib (Ombudsman)’s Secretariat, delivered a detailed lecture on the salient features of CMIS.


ToT on journalistic skills and thematic areas

LAHORE (PR): Ethical journalism is a product of good knowledge of journalistic skills, freedom, independence and responsibility.

This was stated by Dr Ranga Kalansuriya, the lead trainer and senior journalist from Sri Lanka, who was conducting the three-day Training of Trainers (ToT) on thematic areas of journalism including development journalism, conflict sensitive journalism, gender sensitive journalism and democracy and governance, which was arranged by Individualland Pakistan from 27th to 29th August in Lahore.

Individualland Pakistan, a research based advocacy firm striving for an improved role of media in the country, has recently started working on an International Media Support (IMS) supported initiative titled ‘Support to Media in Pakistan.’ IMS is the lead agency in implementing the program which is administered and funded by the Danish Embassy in Pakistan.

Aiman Tahir, who was assisting Dr Kalansuriya, was of the view that “journalistic skills training should be mandatory for every new entrant in the field of journalism.” Similarly, Kamal Siddiqui, senior journalist and director, Centre for Excellence in Journalism, IBA commented that although the training was quite intensive, but it will definitely help the participants in understanding the necessary thematic areas needed to be covered in every day journalism in the country.”

Soon after the intensive three-day training of trainers (ToT) on journalistic thematic areas, Individualland also conducted another 3-day training of trainers (ToT) on journalistic skills from 30th August to 1st September, 2016 in Lahore.

The participants were selected from the trainings conducted earlier by the Pakistan Press Foundation as part of the “Support to Media in Pakistan” initiative led by IMS.



JS Bank announces

half-yearly financial results

KARACHI (PR): JS Bank Limited posted profit before tax of Rs 1,283.9 million and profit after tax of Rs 754.9 million for the half year ended June 30th, 2016. These amounts are higher than the corresponding period last year by 36.5% and 33.2%, respectively. The Board, in its 69th meeting held recently, approved the bank’s half yearly financial statements.

During six months period, deposits grew by 25.2% closing at Rs 177.5 billion (December 2015: Rs 141.8 billion). Net advances grew by 4.1% to Rs 79.8 billion (December 2015: Rs 76.7 billion).

The Bank’s net assets (including surplus) stood at Rs 16.4 billion as of June 30th, 2016.

JS Bank continues to grow its market share in terms of deposits, advances, ADC, bancassurance and home remittance. During Q2-2016, the Bank has taken further initiatives to enhance its service delivery and delivery and distribution, including the roll out of dedicated sales forces for consumer liabilities and consumer assets. On the asset side, the focus remains on prudent expansion in advances and growing our fee income streams. With a network of 277 branches across 138 cities and one overseas (wholesale) branch in Bahrain, JS Bank is well positioned to record impressive growth in core and ancillary revenues in 2016 and beyond.