HUAWEI Mate 9 introduced

LAHORE (PR): At an exclusive global launch event, Huawei Consumer Business Group has unveiled the much anticipated HUAWEI Mate 9. Building on Huawei’s success in delivering beautifully-designed, powerful mobile devices, the newest member of the Mate Series delivers business users a breakthrough Android experience – featuring the fastest computing performance available today, breakthrough SuperCharge technology and a stunning new UX.

“In developing the HUAWEI Mate 9, we started with a simple question – how can we improve every element of the smartphone experience?” said Richard Yu, CEO, Huawei Consumer Business Group. “We know that for today’s business users, a fast and functional smartphone is just the beginning. They also want a gorgeous design and intuitive features. So we have created two new devices at the forefront of hardware and software innovation. The result is a device that is breathtakingly new, inside and out.”

The event was an immense success and was attended by the top management of Huawei from all over the world. Huawei delivered on its promise of an immersive and larger than life experience with both the device and the launch. Deputy General Manger of the device divison of Pakistan Fraz Khan along with some esteemed media personnel represented Pakistan.

Mobilink posts solid

results for Q3

ISLAMABAD (PR): Mobilink posted a strong growth of 17% on its YoY organic revenue for the quarter ended September 30 (Q3 2016), driven by growth in all revenue streams. For the same period, the company reported Rs38.5 billion post-merger consolidated revenue for both companies, up from Rs25.9 billion as reported in Q3 2015.

Mobilink’s ascent was driven by a data revenue growth of 71% YoY mainly due to successful data monetization initiatives, including attractive bundle offers and the unification of the tariff portfolio, together with continued 3G network expansion.

Mobilink also witnessed a higher Mobile Financial Services (MFS) YoY revenue increase of 42% thanks to new over-the-counter (“OTC”) products and higher agent activity.

“We are pleased to report third quarter results that reflect stronger customer demand and business performance,” said Aamir Ibrahim, CEO – Mobilink and Warid. “Our stand-alone revenues have shown an increase of 17% owing to the strength of Jazz services portfolio and our ever growing subscriber base.”

Australian Food Festival

KARACHI (PR): The Australian High Commission, in collaboration with the Australian Trade and Investment Commission (Austrade) and Avari Group of Hotels, has brought food lovers in Karachi a taste of the best of Australian cuisine. The Australian Food Festival at the Avari Towers started offering an exciting Australian menu from November 4 and the festival would continue till 10th.

Australian High Commissioner to Pakistan, Margaret Adamson and Erik Huyer, General Manager of the Avari Towers, opened the festival.

They were joined by food lovers from the business, arts, cultural and government sectors and media.

High Commissioner Adamson said the food festival was a testament to the fact that food was an important part of both Australia’s and Pakistan’s cultural heritage and identity.

“Australia and Pakistan are actively exploring avenues to expand bilateral trade and investment, particularly through our support to Pakistan in food production and agriculture. Australian food franchises are increasingly popular in Pakistan with ConeHeads and the Chocolate Room recently joining the well-established Gloria Jeans,” she said.

Emirates SkyCargo

LAHORE (PR): Emirates SkyCargo, the freight division of Emirates Airline, transported over 18,000 tonnes of perishables from Pakistan from April to September this year to destinations around the world. The exports, which mainly comprised red and white meat, fruits, vegetables, and dry fruit, were transported to countries across the globe through Emirates SkyCargo’s global network of over 150 destinations across 82 countries in six continents.

Emirates SkyCargo is the largest international airline cargo operator in the world with a fleet of 250 aircraft, including 15 dedicated freighters- 13 Boeing 777-Fs and two B747-400ERFs.

Pakistan is a major producer of perishable commodities such as fruits and vegetables, meat and fresh sea food. Emirates SkyCargo plays an important role in these exports reaching global customers thereby contributing to the exports and the overall economy of Pakistan.

Red meat, including beef and mutton, constitutes the largest share of perishables exported from Pakistan through Emirates SkyCargo. The carrier transported more than 11,400 tonnes of red meat from the period April to September 2016. Dubai is a major export destination for red meat from Pakistan. White meat, including fresh fish and crabs, are also important perishable commodities that are exported via Emirates Sky Cargo. Over 1,600 tonnes of fish have been transported since April this year, with Dubai and Kuwait being the main destinations. Emirates SkyCargo also moved over 600 tonnes of crabs from Pakistan in the same period.

As for exports of fruits from the country, mangoes enjoy the highest share. Considered the ‘king’ of fruits, mango is a specialty export product of Pakistan and has a major contribution to the overall economy of the country. The country is the fifth leading global producer of mangoes. Pakistani mangoes are high in fibre content, low on calorie count and also contain adequate amounts of nutrition, making them one of the most sought after fruits around the world.

Emirates SkyCargo transported Pakistani mangoes to destinations where they are much in demand including in the US and Europe. The carrier transported close to a thousand tonne of mangoes to London alone this year. The Middle East also receives a large share of mango exports from Pakistan.

Other than mangoes, the total export of fruits and vegetables from Pakistan via Emirates Sky Cargo accounts to up to 1,500 tons this year.

Food shipments have to be temperature controlled end to end in order to ensure freshness and quality and Emirates SkyCargo has superior cool chain capabilities to connect two very distant points on the globe for temperature sensitive perishables. Emirates SkyCargo operates state-of-the-art cargo facilities at its dual hub locations in Dubai International Airport and Dubai World Central (DWC). Both terminals offer extensive cool chain facilities for the handling and transportation of temperature sensitive products. Emirates SkyCentral at DWC has over 15,000 sq. metres of space dedicated to cool chain shipments.

Surgery course at

Shalamar College

LAHORE (PR): AO fracture surgery course has been started at Shalamar Medical & Dental College Lahore under the auspices of AO Foundation Switzerland. This is a hands–on course which will teach the operative care of fractures and high energy injuries. The international and national senior orthopaedic surgeons are teaching in this course. The international faculty participating in this course is coming from UK and Oman.

The participants are orthopaedic trainees and practicing orthopaedic surgeons from all over the country. The course will end on 6th of November.

Beaconhouse event starts

LAHORE (PR): The Beaconhouse Group has organised the latest in a series of A School of Tomorrow (SOT) conferences, A World of Tomorrow: Seeking Inspiration and Equilibrium in a New Age. The event took off on November 4 with the opening ceremony. The largest of its kind, this 3-day event is bringing together members of the public with leaders and experts from Pakistan and around the globe to discuss emerging issues and share their vision for a brighter future. Beaconhouse Chairperson Mrs Nasreen Mahmud Kasuri gave the welcome speech.

Chief guest Punjab Governor Malik Muhammad Rafique Rajwana lauded the efforts of Beaconhouse and emphasized the importance of taking a proactive role in the improvement of education.

Standard Chartered roadshow

KARACHI (PR): Experts from Standard Chartered’s Greater China Region hosted a roadshow in UAE, Qatar and Pakistan to outline the benefits and investment opportunities from China’s B&R initiative, together with Renminbi internationalisation.

The roadshow was kicked off in Dubai, and the delegation is now in Pakistan. The Bank’s regional roadshow coincides with the Renminbi’s official inclusion into the IMF’s ‘Special Drawing Rights’ or ‘SDR’ list of global currencies, effective 1 October 2016.

Standard Chartered has been at the forefront of this journey, partnering with Chinese authorities and supporting global clients in leveraging the opportunities of Renminbi.

China’s B&R is a development strategy launched by the Chinese government in 2013. Also referred to as the ‘New Silk Road Plan’, the ‘Belt’ route links China with Europe through Central and Western Asia, and the ‘Road’ refers to the 21st Century Maritime Silk Road, which connects China’s ports to Southeast Asian countries, Europe and Africa.

Reaffirmation of entity

ratings of Hascol Petroleum

KARACHI (PR): JCR-VIS Credit Rating Company Ltd. (JCR-VIS) has reaffirmed the entity ratings of Hascol Petroleum Limited (HPL) at ‘A + / A-1’ (Single A Plus/A-One). Rating of HPL’s secured Sukuk issue of Rs2 billion has also been reaffirmed at AA- (Double A minus). Outlook on the assigned ratings is ‘Stable’. The ratings assigned to HPL reflect its growing market share, adequate financial risk profile and improving corporate governance framework.

Aggressive market share acquisition strategy is planned to continue with HPL targeting to become the second largest player in the sector with a 15% market share by 2020. Moreover, HPL has continued to pursue expansion in its storage capacities and retail outlets. Ratings also take into account the induction of Vitol Dubai Limited (Vitol) acquiring 15% stake in the company which will facilitate the company in securing and ensuring the smooth supply of petroleum products and hedging its procurement risk.