PPAF supports Balochistan youth skill development

ISLAMABAD (PR): The Pakistan Poverty Alleviation Fund (PPAF) and Taraqee Foundation held a Youth Employment Balochistan: Visa Distribution Ceremony and launched the concept of “Balochistan Skills Enhancement Programme” at a local hotel.

The event was attended by eminent members of the government of Balochistan, donor representatives, senators and members of the National Assembly. The chief guest at the event was Ahsan Iqbal, Federal Minister for Planning, Development & Reforms.

Amjad Rasheed, CEO, Taraqee Foundation, said, “Taraqee Foundation has collaborated with the Government of Balochistan, PPAF and skill providers to give the youth internationally recognized trainings and help them gain overseas employment opportunities.”

NIT to enter money

market with a new fund

KARACHI (PR): National Investment Trust (NIT) is launching a new open end money market fund, NIT-GTF (NIT Government Treasury Fund). This Fund is intended to channelize the savings of investors into more secure investments such as Treasury Bills (T-Bills) and other shorter period instruments, in an attempt to offer better returns to investors.

NIT is the pioneer of the Asset Management Industry in Pakistan. It boasts of a strong presence spanning 52 years, with NI(U)T as its flagship Fund, and other funds in the Islamic Fund and Income Fund categories as well. The launch of NIT-GTF is an attempt to expand NIT’s suite of existing products, with a view to cater to the needs of its existing and potential customers.

The offering of NIT-GTF units will start from January 22, 2016 with an initial investment amount of Rs 1,000. There is no front end or back end load for the fund. NIT-GTF provides tax benefits to its investors as per the provisions of Clause 62 of the Income Tax Ordinance, 2001.

Mate 8 available for


LAHORE (PR): Global technology giant Huawei has finally offers its flagship smartphone Mate in Pakistan for pre-booking. Mate 8 is the most awaited and amazing features holding smart phone. Huawei just like its convention offers Mate 8 pre-booking with some exciting combinations of gifts for the order placing consumers. Huawei outlets and all the authorized distributors have started booking orders for Mate 8.

Huawei brand lovers placing their pre-booking orders for Mate have to deposit the meager amount of Rs5000/- and they will be treated on the priority basis for the delivery of Mate 8 smart phones.

Moreover there are some exciting twists in the pre-booking scheme of Mate 8 as well. Huawei has provided the dealers with gift vouchers for their pre-booking order placing customers. These vouchers will worth for Rs. 10000/- and will be filled on proper format to fill customer’s credentials, so that the only deserving consumer can be served. The voucher scheme can be used as discount on the time of Mate 8 purchase or as a “cash gift”.

Bestway Cement bags more awards

KARACHI (PR): Bestway Cement, together with Pakcem, was honoured for its efforts in contributing positively to sustainable development, when it bagged four awards at the prestigious award ceremony held in Islamabad on 14 January.

Bestway won the coveted awards in the categories of Green Energy Initiatives, Community Development & Service, Education & Scholarship and Employee Engagement & Volunteering.

The Waste Heat Recovery Power Plants, Health & Safety in Schools campaign, Community Development, and Education &Scholarship initiatives were selected from over 100 nominations received this year. The participants of the awards were the leading local and multinational firms of Pakistan who are in the forefront of Corporate Social Responsibility (CSR) efforts in Pakistan. The awards are yet another milestone for Bestway Cement in its endeavour to strengthen lives.

APBF appoints general secretary

LAHORE (Staff Reporter): The All Pakistan Business Forum (APBF) has appointed Syed Maaz Mahmood as its new general secretary. The Board recently held a meeting, headed by the Chairman APBF Khalid Rafiq, along with the president of APBF Ibrahim Qureshi and other CEC members, to appoint the new general secretary. Ibrahim Qureshi said, “Maaz is a seasoned entrepreneur and the board-members have expressed their complete confidence in his organizational skills and his ability to ensure robust growth for the association.

We wish him best of luck for his new responsibilities.”

Engro Foods hosts briefing on UHT milk benefits

KARACHI (PR): Engro Foods, in a press conference, announced the launch of their new Olper’s campaign in the presence of several industry experts and media personalities. Olper’s – a household name in the UHT milk category of the country – unveiled a campaign to educate the masses on the importance of milk consumption as part of a healthy and balanced diet whilst simultaneously highlighting critical issues associated with commonly available loose milk.

Engro Foods Marketing Director, Ahsan Afzaal Ahmad said: “Through this campaign Olper’s aims to highlight importance of drinking nutritious milk which is free from adulterants and contaminants, and the beneficial impact that UHT milk can have on the individual’s health.”

Industry experts on the panel included Fayza Khan – a nutritionist and Chairman Pakistan Nutritionists and Dietetics Society (PNDS), and Dr. Seema Tariq – medical expert on women & child health issues. The experts explained the benefits of packaged milk.

Volvo B11R introduced

LAHORE (PR): VPL Limited, the authorized distributor of Volvo buses in Pakistan, has introduced Volvo B11R to set a new dimension to intercity bus travel. Volvo B11R comes with highly fuel efficient engine that cuts operating cost and Volvo’s quality standards combine functionality with passenger comfort and lifecycle productivity.

With the introduction of Volvo B11R, VPL is set to transform industry standards both for the travelling public and long distance bus operators in Pakistan. Volvo B11R is welcome news for bus operators looking for enhanced profitability through year on year operational reliability, economy and passenger preference.

Daewoo Express has already placed an order for ten VolvoB11R’s, with the first bus expected to arrive in the middle of March.