Samsung Galaxy award for emerging young designers

LAHORE (PR): Samsung Electronics has announced its second year partnership with International Talent Support (ITS), a global platform and competition for young emerging creative talent, as well as this year’s Samsung Galaxy Award featuring the Galaxy S6 and S6 edge. Samsung and ITS are recognizing young talent and forces of fashion with creative vision, encouraging them to explore their creative ideas, and ultimately create a product or art piece that unites technology and fashion for a chance to receive the Samsung Galaxy Award. As a global innovator in mobile technology,

Samsung is devoted to uniting the worlds of fashion and technology by leading the way in the development of tech products and user-experiences that seamlessly combine style with substance.

The Samsung Galaxy Award at the 2015 ITS competition will give young designers an opportunity to showcase their creative approach and design vision. Ten finalists will be selected from ITS FASHION, ITS ACCESSORIES, ITS JEWELRY, and ITS ARTWORK, and will be asked to develop proposals for two assignments: produce a new type of smartphone case for the Galaxy S6 or S6 edge with or without Swarovski crystals, and create a fashion item or art piece based on their design expertise, inspired by Galaxy S6 or S6 edge design or features. Ten prototypes will be chosen to be exhibited during the final round on July 10th and 11th. The best prototype will receive the Samsung Galaxy Award and a cash prize of €10,000.

“Samsung recognizes young designers and talent as critical forces of fashion that have the potential to create the next big thing in fashion-forward tech devices and accessories,” says Younghee Lee, Executive Vice President of Global Marketing, IT & Mobile Division at Samsung Electronics. “We are proud to support this innovative group and look forward to seeing the many ways that fashion and technology can unite to better improve our lives.”

The winner will be decided collectively by juries, including Younghee Lee, along with some of the most influential Italian fashion journalists.

Bestway Cement signs MoU with NUST Institute

ISLAMABAD (PR): Marking a momentous leap in its devotion to innovation, Bestway Cement has signed an MoU with NUST Institute of Civil Engineering. The MoU marks a collaborative effort between both organisations to promote research and development of cutting edge, innovative construction materials and building solutions in Pakistan. Gracing the occasion of the MoU signing were Irfan Sheikh (Director Finance &CFO Bestway Cement &Pakcem Limited) and Asif Shah (Director Administration & Marketing).

Irfan Sheikh expressed his delight and stressed the need for construction materials related cutting-edge R&D in Pakistan. “We aim to develop products through collaborative R&D that will add value for our customers. Innovation defines our focus on our customers’ needs, provide solutions for improving quality of life and generate much needed economic activity in the country, while ensuring that our environment is safeguarded.”

The company only last month commissioned two 13.5MW waste heat recovery power plants at its operations in Hattar and Farooqia. Aimed at not only reducing Bestway Cement’s reliance on national grid,the waste heat recovery plants will help in alleviating the country’s power crisis to a certain extent and reduce greenhouse gas emissions.

With a total capacity of over 8 million tonnes per annum, Bestway continues to be a pioneer in the cement industry focused on reducing environmental impact and contributing to the country’s power generation. Bestway Group is committed to growing the cement industry of Pakistan and offers the widest product portfolio of cement and building materials.

Huawei surpasses Microsoft

as world’s No 3 mobile seller

LAHORE (PR): A market research report published by Strategy Analytics has revealed that Microsoft has lost its place as the third largest mobile selling company to its competitor Huawei.

Microsoft’s global mobile phone market shares dropped from 11.9 % in first quarter of 2014 to 6.4 % in first quarter of 2015. With regards to mobile phone shipments, Microsoft plunged from 50.3 million last year to 27.8 million in 2015, according to the Strategy Analytics.

On the other hand, the market share of, China’s top leading technology company, Huawei rose to 7% last quarter from 4.8 % in last year’s second quarter.

Strategy Analytics has declared that Huawei’s mobile phone shipments have increased from 20.6 million to 30.6 million over the same period.

According to Strategy Analytics Director, “Huawei is rising fast in all the regions of the world, particularly China where it’s 4G models, such as Mate 7 are proving wildly popular.”

For the first time ever Huawei has pushed passed Microsoft and achieved the spot of third mobile phone vendor in the global market, though it is still far behind Apple and Samsung, as was Microsoft.

Huawei has achieved this success mark because of its consistent struggle and also putting in most of its energies in developing best technological devices. The rich R&D departments of Huawei which are instituted in 16 countries and have 70% of total Huawei staff, are making great contribution in the tremendous success that this technology solutions providing company is achieving. The latest prodigies of Huawei i.e. Mate series, P series, G+ series and Honor series have been very well received by the smart phone customers and they have also added a lot to the sales growth of Huawei in 2015.

Because of the extraordinary sales records that Huawei is achieving, it has allocated its 10% of the sales profit to be invested in the R&D departments, which makes 1.2 billion of R&D investment in 2014. Huawei also emphasizes on the high efficiency of the after sales services, which is quite evident from the fact that globally, Huawei has 650 partners and more than 3,000 service points and Five major customer support centers with customer service hotlines covering 91 countries, supporting 47 languages.

The pace with which Huawei, one of the top technology companies, is progressing it can be said without any doubt that soon Huawei would beat all its competitor companies and set new benchmarks with regards to sales and establishing new innovative technologies.

Meezan Asset Allcation Plan-I launched

KARACHI (PR): Al Meezan Investment Management Limited (Al Meezan) has announced the launch of Meezan Asset Allocation Plan-I (MAAP-I), a uniqueasset allocation planfor investors who wish to benefit from the equity market and want an actively managed investment portfolio with diversification. The plan has an initial term of two years and is now open for subscription.

Mohammad Shoaib, CFA, CEO of Al Meezan, while announcing the launch of the plan said, “There are many investors who are wary of investing in the stock market. Meezan Asset Allocation Plan-I (MAAP-I) offers thema complete investment portfolio in a single investment.

It provides a convenient way to invest upto 100% in the stock market and simultaneously earn the benefit of diversification while saving them from the hassle of investing in multiple funds.”

He further added that “The objective of the Plan is to earn a potentially high return through asset allocation between Shariah Compliant Equity Schemes and Shariah Compliant Income/Money Market Schemes. MAAP-I is ideal for investors who wish to gain returns from the equity market but are unaware of the right time to buy or sell. Our Fund Managers with their proven expertise will make best investment decision to optimize the returns.”

Qatar Airways event

MULTAN (PR): Qatar Airways hosted a signature event in Multan to celebrate its rapid expansion in Pakistan, with new flights launched to Multan, Sialkot and Faisalabad on 2nd August, 16th July and 17th July respectively.

The VIP Dinner, which was attended by more than 150 guests from the corporate and travel trade spheres, featured the launch of a community initiative in Pakistan to commemorate the new route launches. Qatar Airways joined hands with Qatar Charity to support the building of a medical centre, “Al Amal”, located in the Khanewal Directorate in Pakistan.

Visa, Stripe partner

KARACHI (PR): Visa Inc. (NYSE:V) and Stripe, a mobile and online payment provider, have announced a strategic partnership to support new technologies and online payment experiences for merchants, developers and consumers worldwide. Through this relationship, Stripe will accelerate its international expansion, particularly in emerging markets, accessing Visa’s global footprint through its acquiring and issuing partners. To support this growth and joint long-term initiatives, Visa has also made a strategic investment in Stripe.

Working together, the companies will enable a global payments solution for new ecommerce experiences like “buy buttons” and new innovations to come. Stripe will also be one of the first beta partners to connect to Visa’s network capabilities via APIs and SDKs, offering their developer community access to payment and risk management services, Visa’s tokenization service and security technologies. With this joint effort, Visa and Stripe will offer an expanded set of capabilities to the developer community and the payment ecosystem worldwide.

“Given the explosive growth of new commerce experiences enabled by a global developer community, Visa is expanding its strategic relationships across the payments ecosystem,” said Jim McCarthy, executive vice president, innovation and strategic partnerships, Visa. “We are very excited to work with Stripe and leverage our combined assets to broaden our offering to new types of merchants and developers globally.”

“Stripe aims to give developers the tools they need to create the most secure and novel buying experiences,” said Patrick Collison, CEO and co-founder of Stripe. “Our partnership with Visa will accelerate our ability to expand to markets around the world, and give developers even more control over the end-to-end experience. We’re very excited about the potential.”

Nestlé supports mothers

LAHORE (PR): This year’s World Breastfeeding Week (August 1-7) celebration calls for a concerted worldwide action to encourage and support all new mothers in creating a balance between breastfeeding and work. Nestle recently launched an initiative aligned to this. It fosters a supportive environment for breastfeeding mothers and ensures their job security. The Nestlé Global Maternity Protection Policy highlights paid maternity leave of up to 24 weeks and a conducive work environment for breastfeeding.

It is designed to support the 340,000 Nestle employees around the globe, of whom one third are women.

In Pakistan, the general practice is to allow 12 weeks of paid maternity leave. Most public and private offices do not have daycare facilities or dedicated breastfeeding rooms that would make it easier for working women to continue breastfeeding when they return to work.

At Nestlé Pakistan, women are working at all sites including factories, sales offices, head office and milk collection units. The company strongly believes in having a gender balance and has always encouraged women by providing them opportunities and facilities so that it would be easier for them to achieve a work-life balance.

“At Nestlé, we are committed to enhancing the quality of life for people around the world – and this starts during the first days, weeks and months of life,” said Magdi Batato, Managing Director for Nestlé Pakistan. “Our new Global Maternity Protection Policy promotes gender equality and breastfeeding in the workplace to ensure Nestlé parents feel secure and empowered to provide the best nutrition for baby.”

Breast milk is widely recognized as the gold standard in infant nutrition. It provides all the nutrients and energy that babies need for healthy growth and development. As a company that endeavors to give children the healthiest start in life, Nestlé supports breastfeeding in the workplace.

FAST-NU student selection

LAHORE (PR): Mir Rawtah from Pakistan has been selected in the World University Debating Championship Council 2015-2016 for the championship that is to be held at Thessaloniki, Greece in January 2016. She has been further honored with the title of Independent Adjudicator and a fee waiver on credibility. Mir is a BBA student at FAST-NU Lahore.

World University Debating Championship is the biggest platform of debates internationally where almost 2000 debaters from all countries in the world come together in the spirit of debates.

The council of WUDC has 5 posts. Mir Rawtah was elected as the Women’s Officer after a screening process of three stages and a final election at WUDC Malaysia 2015. Her competition was directly with the Europeans and North Americans who have dominated this post for years blaming the Asian women to be too oppressed to take charge of this position.