Bank Al Habib ‘Apni Car Auto Finance’

KARACHI (PR): Bank AL Habib Apni Car Auto Finance offers financing for new and used/imported vehicles through convenient payment plans. The facility features an easy procedure, quick processing, low mark-up & insurance rates, partial payment options, and fixed & floating rate options for the convenience of customers. At present, Bank AL Habib has a network of 519 branches & sub-branches in 170 cities including overseas branches in Bahrain, Malaysia and Seychelles. The Bank also has representative offices in Dubai, Turkey and China.

Softlan, Pink Ribbon collaborate

KARACHI (PR): Softlan, the country's first post wash fabric conditioner, has joined hands with Pink Ribbon Pakistan, a distinguished NGO working on breast cancer awareness nationwide. In honor of the World Breast Cancer Awareness month, Softlan launched its annual awareness campaign and hosted a launch ceremony at Colgate-Palmolive head office. This partnership was marked by MoU signing ceremony by Colgate Palmolive Pakistan (CPPL) and Pink Ribbon Pakistan (PRP).

Telenor observing ‘Customer First Day’ today

ISLAMABAD (PR): In line with its commitment to deliver the best possible user experience and to create value for the customers, Telenor Pakistan is observing ‘Customer First Day’ (CFD) for the fourth consecutive year on Thursday (today). During the planned activity, Telenor Pakistan's top management and workforce will be heading out to various locations in all major cities to directly interact with privileged customers and collect their valuable feedback.

Speaking about the activity, Michael Foley, Chief Executive Officer, Telenor Pakistan said, “Customer First Day is celebrated across all business units in the Telenor Group as a symbol of our commitment to our customer base. This day is an opportunity for employees and management of all departments to walk out of their offices and interact with customers directly. We follow a customer-centric strategy and are consistently working towards understanding our customers better, in order to be able to provide them with best services as per their evolving needs and preferences. This is yet another step forward towards our mission of 'we are here to help'."

Later in the day, Telenor Pakistan's team plans to observe a moment of silence followed by a prayer for the fellow countrymen who lost their lives in the October 8, 2005 earthquake calamity. As also a part of the activity, they will be visiting ‘Pehli Kiran Schools’ in Islamabad to paint the schools and participate in the cleanliness drive across some selected regions.

McDonalds, TDCP join hands

LAHORE (PR): McDonald’s Pakistan and Tourism Development Corporation of Punjab celebrated the World Tourism Day at Alhamra Art Council, Lahore. The theme this year was “One Billion Tourists, One Billion Opportunities” as declared by United Nations. Mian Tahir Javed, Director HR, Training, IT McDonald’s Pakistan, speaking at the seminar, emphasized the need of awareness drives to highlight the importance of tourism in Pakistan. Other speakers present at the event were Rana Mashood, Provincial Minster for Tourism, Education, Ahmer Malik, MD - TDCP, Kamran Lashari, DG Walled City Project Lahore and Sohail Waraich.

Tarang supports local cinema

LAHORE (PR): Engro Foods Tarang, in a glamorous event held the other night, launched the much awaited festive song of the eagerly awaited Pakistani movie. Continuing their support of the Pakistani film and movie industry, Engro Foods Tarang has once again demonstrated their commitment to helping the local industry grow by sponsoring one of the feature songs in what has been described by some, as a hilarious comedy.

Salman Ali, General Manager, Tarang, Beverages & Media said: “Tarang has always supported local film fraternity & the Pakistani cinema. Even through its lows, Tarang has continued to promote efforts and talent of our cinema industry through collaborations that have yielded positive results. Tarang has also taken multiple initiatives like the two seasons of HBKT and I am proud to say that winners from these shows are showcasing their talents on TV and films today. We have not only supported the industry but also our local talent across all segments of the film industry.”

MCB Bank holds seminar

LAHORE (PR): A seminar titled “Current Economic Turmoil – Risks and Opportunities” was held by MCB Bank Limited for its selective prestigious clientele the other day at its head office in Lahore. The seminar was an initiative by the Bank to educate customers on the performance of the global economy, existing global risks and their implications for Pakistan. The event also covered measures for suitable course of action to not only hedge these risks but also take advantage of economic opportunities through the use of various product offerings from MCB Bank. The global economy is in a state of turmoil at the moment, and global macro-economic events in the near term will trigger further uncertainties and risks in the global markets, which could affect Pakistan.

The seminar was largely attended by the senior management personnel of large and medium Pakistani corporates and businesses.

The discussion was initiated by the CEO and President of MCB Bank Limited, Imran Maqbool, during which he elaborated that MCB Bank continues to strive to serve its customers through un-matched services, ground-breaking product innovations and an overall culture of keeping clients abreast with the changes in the global and local economic landscape. He further added that amongst its peers, MCB Bank maintains its status as one of the leading banks in Pakistan with its people-oriented approach. Maqbool narrated that in addition to the Bank’s strong local presence spanning over more than 1200 branches, it continues to expand abroad with a total of 11 foreign operational branches. He also thanked the audience and the Bank’s customers for placing their trust in MCB Bank and hoped that their strategic partnership with the Bank continues to flourish in the same vein that has placed MCB Bank as one of the pioneers of the banking industry in Pakistan.

Following Imran Maqbool’s comments, Group Head Treasury Mohammad Ramzan, CFA, explained that the global economy is at a critical juncture in time with several macro-economic changes that are expected to unfold in the near future. Pakistani businesses need to be wary of these developments around the globe as Pakistan is no longer immune to these in today’s economic environment. Ramzan also informed the participants about the MCB Purchasing Managers Index (PMI), which is a bi-monthly survey that tracks the health of the manufacturing sector in Pakistan and serves as a major leading indicator of the economy as opposed to other lagging indicators such as GDP growth, unemployment and inflation. Research Analyst at MCB Bank Treasury, Nausherwan Saleem then showed through various global macro-economic indicators that the global economy is currently in transition, with global output at risk from monetary policy normalization in the United States, uncertainties in Europe, persistent vulnerabilities in emerging markets and the economic slowdown in China. At the same time, Pakistan is not shielded from these impacts as seen by the recent Pakistani stock market volatility, an under-pressure Pakistani rupee due to devaluation of the Chinese Yuan and an uncertain inflationary environment, and how this has put pressure on several countries including Pakistan to loosen monetary policy.

Towards the end of the seminar, Amer Nazir Khan, Head of Treasury Sales and FX at MCB Bank, informed customers about various asset classes that are on offer by the Bank. These included interest rate swaps (IRS), FX Options, cross-currency swaps (CCS) and various other structured products of MCB Bank Limited.

The seminar concluded after a detailed Q&A session in which the guests actively participated to clarify the working of financial derivatives before the guests convened for refreshments.

MoU for Takaful products

KARACHI (PR): Pak-Qatar General Takaful Limited (PQGTL) and NBFI & Modaraba Association of Pakistan (NMAP) have joined hands for promoting Takaful products. The MoU signing ceremony took place at a local hotel in Karachi. President of the FPCCI Mian Muhammad Adrees appreciated this joint initiative. He further said that; “This is a significant event in the history of both the institutions and this collaboration is a big milestone for the promotion of an Islamic financial system. We hope to see its visible impact on the society soon”.

Javed Muslim, Chief Executive of Pak-Qatar General Takaful Limited said that the signing of this MoU will develop the mutually beneficial relationship between Takaful Companies and Members of NBFI & Modaraba Association of Pakistan.

Muhammad Shoaib Ibrahim, Chairman NBFI & Modaraba Association of Pakistan, highlighted the performance of the Modaraba Sector and hoped that; “With the signing of this MoU, Takaful products in the financial sector would grow faster”. He appreciated the efforts of the Chief Guest - Mian Muhammad Adrees towards the growth of Islamic finance in the country.

The ceremony was jointly arranged by Pak-Qatar General Takaful Limited and NBFI & Modaraba Association of Pakistan and for providing Takaful coverage to the members of the Association on the basis of Islamic modes. The MoU was signed by the Chairman of NBFIMAP - Muhammad Shoaib Ibrahim and the Chief Executive Officer of PQGTL – Javed Muslim.

Sscholarships at TMF

ISLAMABAD (Staff Reporter): The FFC is sponsoring annually five students for three-year Associate Engineering Diploma at the Tameer-e Millat-Institute of Technology, a project of the Shifa Hospital Islamabad. The sponsorship includes residential and associated academic expenses for the period of three years.

Collaboration between Tameer-e-Millat Foundation and FFC is another addition to the multi-faceted educational support programme which the CSR FFC is spearheading, benefitting around 15,000 students annually in various capacities at national level.

Brig Munawar Hayat Niazi, Senior Manager CSR, said that FFC believes in investing in our today for our sustained tomorrow. Chairman Tameer-e-Millat Foundation Basharat Ahmed and Secretary General on the occasion motivated the students to excel in the scholarship programme.