Telenor celebrates 10th anniversary

ISLAMABAD (PR): Telenor Pakistan is celebrating 10 years of successful operations in Pakistan this year. The 10th anniversary is being celebrated as ’10 Years of Empowering Pakistan,’ in line with the company’s vision to ‘Empower Societies.’

“We strongly believe that our business is linked with positive socio-economic impact and in our 10 year journey, we have been at the forefront of disseminating benefits of information and communication technology in the form of GSM advancement, financial inclusion and bringing internet for all in Pakistan,” said Michael Foley, Chief Executive Officer, Telenor Pakistan.

Customers are regarded as the most important aspect of Telenor Pakistan’s success. “Best interests of our customers are at the core of everything we do. Our success has been possible due to the trust our valued customers has put in us for 10 years,” said Foley. To pay homage to their loyalty, Telenor Pakistan invited some of the longest staying customers to Sales and Service Centers in various cities across country and made them a part of the 10th anniversary celebrations.

Samsung unveils LED chip packaging

LAHORE (PR): Samsung Electronics Co., Ltd., a world leader in advanced component solutions, on Thursday introduced advanced chip scale packaging (CSP) technology for use in a diversity of LED lighting applications at Lightfair International 2015, being held in New York, May 5-7.

Samsung’s new CSP technology significantly scales down the size of an LED package, which enables more flexible and compact designs when manufacturing consumer LED lighting modules or fixtures, and lowers the manufacturing and operational costs of a LED lighting system.

Samsung’s CSP also provides flexibility in adjusting the size of the light-emitting surface and the luminance level, to meet the differing requirements of various lighting fixture applications.

“Our LED chip scale packaging technology will contribute to providing innovative LED component solutions that can overcome the limitations of today’s LED lighting market,” said Dr. Jacob Tarn, Executive Vice President, LED Lighting Business Team, Samsung Electronics.

WCR flays bus attack

LAHORE (PR): Maulana Muhammad Hanif Jalandhary Chairman. World Council of Religions Pakistan strongly condemned the attack on Ismaili community and has expressed sorrows and grieves over the loss of precious lives in the heinous incident of terrorism. He also stated that the targeted Ismaili community is the most peaceful one and is always engaged in social welfare whereas they have also played a positive role in the economy of Pakistan through trade. He termed them as educated people who diligently serve Pakistan and oblige the law.  He further said that the attack is a coward attempt made by terrorists to spread fear among the public. Terrorists have no affiliation and link with any religion as they are neither Muslims nor human being.

Islamic banking seminar

KARACHI (PR): Meezan Bank, Pakistan’s first and largest Islamic Bank and Institute of Bankers, Pakistan (IBP), jointly organised a public awareness seminar on the ‘Concepts of Islamic Banking’ at IBP’s auditorium. Objective of the seminar was to increase awareness and address the key misconceptions and doubts about Islamic banking among the general public.

The seminar was attended by more than 150 participants, which included professionals from both the banking and non-banking sectors as well as students from various universities. Speaker at the seminar was Farhan Usmani, Unit Head, Shariah Audit and Islamic Financial Advisory Services at Meezan Bank.

He briefed the audience about the concepts and application of modern day Islamic banking and also clarified the common misconceptions prevalent about Islamic banking.

The Seminar concluded with a detailed discussion and question / answer session in which Farhan Usmani, Abdullah Masood (Meezan Bank) and Shaikh Muhammad Asif (Meezan Bank) answered numerous queries regarding the differences between conventional and Islamic banking.

PGC, Intel sign an MoU

LAHORE (PR): Punjab Group of Colleges (PGC) and Intel Pakistan signed a Memorandum of Understanding (MoU) to improve learning standards at PGC and its affiliate education institutions. Both parties will work together to further improve quality of teaching resources and provide opportunities to youth to excel by acquiring 21st century knowledge skills and bring about a social change in the rural far-flung areas of the country.

Speaking at the occasion, Mian Amer Mahmood Chairman PGC added: “We are very appreciative of Intel Pakistan for their holistic view of education and induction of ICT in the curriculum. With this initiative, we will focus on developing the critical skills that young people need in order to succeed both as students, and later as members of the workforce.”

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House refinancing window demanded

LAHORE (PR): A lack of available house financing is the major factor contributing to a staggering housing backlog in Pakistan, experts say. According to House Building Finance Corporation, the shortfall is currently estimated to be up to nine million units, with only around 3.5 million units being added in a year, leaving a shortfall of five million units. Pakistan’s best real estate website, Lamudi Pakistan, has investigated this issue and possible solutions.

The Association of Builders and Developers (ABAD) said that the government should require financial institutions to provide mortgage loans for house construction below market rates.

ABAD also proposed that the State Bank of Pakistan should set up a House Refinancing Window for long-term funds from multinational agencies. House refinancing means paying off the current mortgage with a new one, which could be done for a variety of reasons such as to lower interest rates, or to invest money in other real estate.

Lastly, ABAD has proposed that first-time buyers should not be made to pay property taxes. Instead the total cost of the property should be assessed and the relevant income tax should be charged in three annual installments.

PIA holds flight safety seminar

KARACHI (PR): PIA held a seminar on Flight Safety and Quality Assurance initiatives at the PIA Training Centre Auditorium in Karachi.

PIA Chairman Nasser N. Jaffer addressed the Seminar and presented safety awards to aviation professionals in recognition of their contributions and valuable efforts towards enhancing flight safety standards.

Speaking on the occasion, the Chairman said, “We need to chalk out strategies where PIA and other operators from Pakistan can provide safety education not only to Pakistan but to the regions around such as the Middle East, South Asia, Central Asia and Africa.

We need to use our experience and qualifications to educate every employee of PIA and raise awareness regarding safety amongst the general public.”

Other speakers included Dr. Unaiza Niaz, aviation psychiatrist, Air Marshal (Retd.) Saleem Arshad, President, Royal Aeronautical Society, Mustafa Khan, Country Manager, IATA, and Squadron Leader Naveed Sultan, PAF Institute of Air Safety.