Agreement inked for Dual Carriageway Project

KARACHI (PR): A ceremony was held on at Sindh Chief Minister House to sign the financing agreements for the Karachi Thatta Dual Carriageway project. The agreements were signed by the senior representatives from the Government of Sindh (GoS), Frontier Works Organization (FWO), and the banking syndicate comprising Dubai Islamic Bank Pakistan Limited, Meezan Bank Limited and MCB Bank. The impressive ceremony was attended by Honorable Chief Minister Sindh, Syed Qaim Ali Shah; Sindh Finance Minister, Syed Murad Ali Shah; Director General FWO, Major General Muhammad Afzal;various provincial Ministers, Advisers, and Secretaries, and representatives of FWO. The banks were represented by Zubair Haider Shaikh, Group Head CIBG, Dubai Islamic Bank Pakistan Limited; Syed Amir Ali, Group Head, Meezan Bank Limited; and MCB Bank.

The Government of Sindh intends to improve the existing National Highway N-5 (Karachi-Thatta) by developing a 49 Km long section between Gaghar Phatak and Thatta bypass into a Dual Carriageway. The Frontier Works Organization (FWO) shall design and construct the dual carriageway within the construction period of two years, and it is also required to operate and maintain the dual carriageway through the life of concession period – 25 years.

The cost of Project is PKR 8.85 Billion (approx.)and the banking syndicate has extended a Long Term Islamic Finance facility of PKR 6.2 Billion for this project. The commercial operations of the project are expected to commence by the end of 2017. The Project will be developed through a Public-Private Partnership program of Government of Sindh.

Addressing the ceremony, Zubair Haider Shaikh said that the financiers are grateful to the FWO and Government of Sindh for giving them the opportunity to cater to their financing requirements for this project under the Islamic mode of financing. He said that they would be keen to take part in other future projects as well. It is pertinent to mention that this is the first ever Islamic mode of syndicated project financefacility for the infrastructure development project of GoS.

He wished for the successful project implementation and acknowledged with deep appreciation the dedication and excellent cooperation of the teams at the GoS, FWO, and the banking syndicate of Dubai Islamic Bank PakistanLimited, Meezan Bank Limited and MCB Bank Limited. It is pertinent to mention that Dubai Islamic Bank Pakistan Limited has also the role of the Agent Bank for this transaction.

TEVTA certificate distribution ceremony

Lahore (Staff Reporter): Technical Education and Vocational Training Authority (TEVTA) is organizing certificate distribution ceremony to the pass outs of Light Transport Vehicle (LTV) driving course today (06-01-2016) at Highways and Motorways Police Training College, Sheikhpura. Chief Minister Punjab Muhammad Shahbaz Sharif will be the Chief Guest at this occasion.

Irfan Qaiser Sheikh said that a number of 1200 participants have been trained during the first phase of the training program. This course has been started at 36 Road Safety Training Institutes (RSTIs) with the collaboration of National Highways & Motorway Police across the province of the Punjab. 2nd phase has also been started to train the youth in the said course. During training, they have also given training including awareness of road safety measures, safe driving, hygiene, manners to talk, computer, Arabic speaking and basic information about vehicle & engine.

LG’s stunning new monitors and PCs

Lahore (PR): With computers playing an indispensable role in professional and leisure lives, LG Electronics (LG) will be unveiling a new lineup of products to allow consumers more freedom to customize their work and play space to better fit their growing needs. At CES 2016, LG will showcase its newest 21:9 UltraWide™ monitors, 4K gaming monitors and Ultra PC gram laptop, all designed for maximum productivity and entertainment for today’s demanding power users.

LG’s monitor exhibition at CES will feature a number of dream setups built around LG’s impressive monitor lineup. One setup for gamers and digital professionals will be based around the wide 34-inch, 21:9 Curved UltraWide™ Monitor (model 34UC98) featuring Thunderbolt™ 2. The 3440 x 1440 QHD monitor’s large screen size, picture quality-enhancing IPS technology and streamlined features are designed to meet the needs of a wide range of users from avid gamers to digital media professionals, delivering a well-rounded multimedia experience for content creators and viewers alike.

Emirates launching

global sale

LAHORE (PR): Emirates is launching its much-awaited global sale to inspire and encourage travelers from Pakistan to explore new destinations and revisit their favourite cities.

For a limited time, globalistas can say “hello” to new adventures in Emirates’ expanding global network with special offers on Business and Economy class fares. Bookings have to be made between 5th January to 18th January, 2016, for travel between 18th January and 30th November, 2016.

All inclusive Business Class fares from Pakistan start at PKR 258,745 to the Americas, PKR 181,650 to Europe, PKR 132,830 to the Far East and PKR 83,515 to the Middle East; with Economy Class fares starting at PKR 71,545 to the Americas, PKR 49,240 to Europe, PKR 45,130 to the Far East and Australasia and PKR 24,015 to the Middle East.

“We know that many people have begun thinking about their travel plans and aspirations for 2016, and we are pleased to add a little more inspiration and incentive to help turn those plans and dreams into reality,” said Khalid Bardan, Emirates’ Vice President Pakistan.

“Our global destination network across six continents offers something for every traveller, and we are now combining that wide range of travel choices with special rates to offer would-be travellers with an even more appealing value proposition. Aside from choice, connectivity, and value, the Emirates experience also means Pakistani customers can look forward to industry-leading comforts on board our modern jets, and award-winning service from our friendly cabin crew.”

Emirates flies to 140 cities in 80 countries. Adventurous globetrotters can explore the airline’s newest destinations launched in 2015: Bali, Multan, Orlando, Mashhad and Bologna. Emirates will commence flights to Panama City on 1st February 2016, opening the airline’s first gateway destination in Central America. The airline will also expand its services in mainland China with flights to Yinchuan and Zhengzhou from 3rd May 2016.

Emirates offers excellent onboard service from an international cabin crew who come from 130 nationalities and speak over 60 languages. With lie-flat beds in Business Class, the largest in-seat screens in the world in Economy class at 13.3 inches and more than 2,000 channels of on-demand entertainment on the award-winning inflight entertainment system, ice Digital Widescreen, Emirates provides quality products and value for money. Those travelling with children can take advantage of the extensive family offering from priority boarding across all airports to special kid’s meals, dedicated children’s entertainment on ice and exclusive toys and Lonely Planet Kids activity bags on board.

The airline’s young and environmentally friendly fleet comprise entirely of wide-body aircraft - largely the popular Boeing 777 and 71 iconic Airbus A380 aircraft currently in service.

For more information on Emirates, including how to book flights and a complete list of terms and conditions, contact your travel agent or visit www.emirates.com.

*local terms and conditions apply