Bestway Cement, Pakcem results announced

KARACHI (PR): The Boards of Directors of Bestway Cement and Pakcem and approved the accounts for both companies for the period ended 30 June, 2015 the other day.

Bestway Cement and Pakcem have posted a positive bottom line. Net turnover increased by 5.4% from Rs. 28.9 billion to Rs.30.5 billion for Bestway, and 9.4% increase from Rs. 5.11 billion from the corresponding period to Rs. 5.58 billion by June 2015 for Pakcem.

“We are happy to share our annual results for 2014-15 for Bestway Cement and six-month period forPakcem, with growth in sales of 4.18% for Bestway and 11.5% for Pakcem,’ said Zameer Choudrey, Chief Executive Bestway Group. ‘This was a transformative year for us, with multiple major initiatives that will shape Bestway for years to come. We closed the year by becoming the largest cement manufacturer in Pakistan. Construction trends are favourable in Pakistan and I am confident that we are particularly well positioned to succeed and accelerate growth through innovation,” Choudrey continued.

WWF, FFC join hands

ISLAMABAD (PR): WWF-Pakistan, the country’s leading conservation organization, and Fauji Fertilizer Company Limited, Pakistan’s premier fertilizer brand, have joined hands to conserve the Indus river dolphin in Pakistan.

The agreement between the two was signed in a ceremony organized at the FFC headquarters in Islamabad. FFC has committed to supporting dolphin conservation for one year initially.

However, the project may be extended to three years.

Brig (r) Munawar Hayat Khan Niazi, Senior Manager FFC-CSR, said that FFC-CSR program has a history of being proud partners with WWF-Pakistan on various environmental conservation programs. The engagement of FFC in Indus River Dolphin Conservation Program (IRDCP) with WWF -Pakistan is a true reflection of the company’s concern for a sustainable environment, he added.

Bank Alfalah’s Rising Talent Award at PFDC Bridal Week

LAHORE (PR): Four emerging designers showcased their talent through Bank Alfalah Rising Talent – Discovering the Potential of Pakistan platform at the opening of the PFDC Bridal Week. Bank Alfalah Rising Talent Programme aims to motivate, inspire and recognise young and upcoming talent in the country and provide them with opportunities to harness their talent.

Faiza Saqlain, Hamza Bokhari, Zarmish Dar and Maheen Tareen exhibited their collection for the first time at the PDFC Bank Alfalah Rising Talent Show.

The young talent rose to the challenge of designing one piece each inspired by Bank Alfalah’s brand and contend to win Bank Alfalah Rising Talent Award of half a million rupees. The winner will be chosen through a transparent voting process of jurors and public.

Speaking about the Rising Talent Programme, Atif Bajwa, President & CEO of Bank Alfalah said: “Bank Alfalah Rising Talent programme is meant to encourage young talent and transform their passion into success.”

UN-Habitat, UN-ESCAP inaugurate first IRRC

ISLAMABAD (PR): On Thursday, the United Nations Human Settlements Programme (UN-Habitat) and United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP), in close collaboration with the Ministry of Climate Change inaugurated Pakistan’s first Integrated Resource Recovery Center (IRRC) in a ribbon cutting ceremony at the IRRC located in Sector G-15.

The IRRC is a pilot project of UN-ESCAP and UN-Habitat which will enable the city to turn waste into resources through composting, recycling, and bio-digestion, while also creating employment opportunities.

Senator Ms Marriyum Aurangzeb (Chairperson, National Parliamentary Taskforce on SDGs), attended the event as the chief guest and said, “It is a privilege to be here today at the launch of the IRRC in Islamabad. It is a great initiative towards making Pakistan a climate friendly country and we need to scale it up to undertake effective resource management in other cities of Pakistan as well.”

Yoshinobu Fukasawa (Director, Regional Office for Asia and the Pacific, UN-Habitat), Mr. Donovan Storey (Chief, Sustainable Urban Development Section, UN-ESCAP), and Ms. Bella Evidente (Country Programme Manager a.i., UN-Habitat Pakistan) spoke about the efficacy of the project.

Samsung launches Galaxy J Series smartphones

LAHORE (PR): Samsung has launched Galaxy J5 and Galaxy J7, the latest selfie-focused smartphones, in Pakistan. These brilliant, smart devices of Samsung carry LED Flash with the front camera, which outshines all the peer smart phones in the market. Samsung has continued its tradition of delivering gadgets, which are exquisitely designed and carry pioneering technologies. These smart devices are endorsed by Samsung’s Brand Ambassadors, Josh Band and Sabeeka Imam.

Farid Ullah Jan, Head of Mobile at Samsung Pakistan and Afghanistan, said, “ The launch of Galaxy J5 and Galaxy J7 aims to give consumers options in the mid-range price segment. With optimal features and great value proposition for our consumers, the new devices will offer an uncompromised smartphone experience, at very competitive prices.”

Galaxy J5 & J7 flaunt striking yet elegant exterior, which encases, Android 5.1 Lollipop operating system with a super fast processors 1.2GHz quad-core Snapdragon 410 in J5 and 1.5 GHz Octa-core Samsung Exynos 7580 in Galaxy J7. J5 &J7 processors are supported by 1.5GB of RAM/8GB ROM and 16 GB ROM, respectively, and this memory, expandable up to 128 GB with MicroSD card.

ACCA organises session on smart finance function

KARACHI (PR): The Association of Certified Chartered Accountants held an informative session on Smart Finance Function in Karachi. The event brought together the business community where they presented their case studies on the importance of investing in the finance function of an organization.

Arif Mirza (ACCA), Head of Policy MENASA - ACCA Pakisan, stressed on the importance of a well-developed finance function and how it will benefit the businesses.

He also shed light on exploring great leadership, the best use of technology, and hiring and retaining the best talent that will transform enterprises’ operations making it increasingly smarter and fit for business.

Zeshan Afzal (FCCA), Group Head – Strategic Investments of Arif Habib Corporation, stressed on leadership as a crucial factor that makes everything work together seamlessly and helps create an effective work environment. He stated that “Top CFOs lead by example, proactively providing business insight and promoting a robust flow of information-sharing across a company”, as well as, “In a fast-changing world, high-value finance talent will seek out CFOs who have bold agendas for change, aligned to the organisations vision.”

Kamran Akhtar Hashmi (FCA, CFA), Head of Business Finance & Risk Management for BU Distribution, K-Electric Limited spoke about finance talent management and how it can be used effectively to champion change and turnaround in any organization. He shared that K-Electric’s turnaround case study was recognised at various international forums including the Harvard Business School and FT/ IFC; made possible, among other things, by embedding ACCA’s Competency Framework into the finance development programme. He stated that “The ACCA Competency Framework demonstrates how ACCAs can become an asset to any organisation and work diligently in accordance with the performance objectives that are mapped to their roles and aligned to the K – Electric’s overall vision.

Workshop at LUMS

LAHORE (PR): The South Asian Libraries Conference (SALC) 2015 is a unique event, organised with the aim to address the issues arising out of developments in digital information and scholarship. Dr Ann Riedling, a Fulbright Senior Specialist on modern library trendshas volunteered to be a part of this initiative. For this initiative, she conducted a workshop at the LUMS on ‘Developing Libraries for the 21st Century.’

Meeting at PBIT

LAHORE (PR): A delegation consisting of key members from Renaissance Capital, JS Group, TT International and Duet Group called on Dr Ayesha Ghous Pasha, Punjab Minister for Finance and Abdul Basit, Chairman Punjab Board of Investment and Trade (PBIT) the other day at PBIT head office in Lahore.

The delegation comprised of Kamran Nasir, Chief Executive Officer, JS Global Capital Limited, Syed Atif Zafar, Head of Research, JS Global Capital Limited, Niall Paul, Partner, TT International, Robert Skepper, Senior Analyst, HSBC Global Asset Management Limited, Mohammad Ali Hussain, Senior Analyst, Duet Group, Omair Ansari, Head of Research, Renaissance Capital and Ryan Ayache, Senior Research Analyst, Renaissance Capital.