King Hamad University

an icon of Pak-Bahrain friendship

BAHRAIN (PR): Javed Malik, Pakistan's Ambassador to the Kingdom of Bahrain, and Saira Afzal Tarar, National Health Services Minister, met with Shaikh Ahmed Bin Ateyatala Al Khalifa, Minister of Follow Up at Royal Court of His Majesty the King of Bahrain, to finalise plans for establishment of King Hamad University of Nursing & Allied Medical Sciences in Islamabad. Speaking about the project, Ambassador Javed Malik said," The state of the art University will be a gift from the King of Bahrain to the people of Pakistan and our meetings at the Royal court were aimed at agreeing a roadmap for construction with a view of starting the project later this year.”

He said that additional meetings have also been held with Royal College of Surgeons School of Nursing (Bahrain Campus) with a view to developing globally accredited curriculum that imparts world class medical education in the field of nursing and allied medical sciences. The Ambassador said that in addition to the academic campus there will also be a residential facility and ‘we are working closely with the Ministry of National Health Services to develop this as world class university in Pakistan’. He further added that Minister Saira Afzal Tarar spent a busy day in Bahrain meeting senior officials.

Ambassador Javed Malik thanked His Majesty King Hamad Bin Isa Al Khalifa for his generous and gracious gift and said: 'King Hamad University will be a icon of friendship between Pakistan and Bahrain. He also expressed his appreciation to Shaikh Ahmed Bin Ateyatala Al Khalifa, Minister of Follow Up at Royal Court, Maj Gen Dr Shaikh Salman Bin Ateytalla Al Khalifa and the entire team for the continued support.

Deaf community invited to experience Coke Studio Season 9

LAHORE (PR): Following the epic finale of what has been the biggest and boldest edition of Coke Studio; Coca-Cola has invited members of the deaf community to experience the music of Season 9. The innovative technology piloted under the project “Coke Studio for Deaf”, and unveiled via a heart-warming video just before the season launch has been installed at the Deaf Reach School, Karachi campus.

Announcing the big news, General Manager of Coca-Cola Pakistan, Rizwan U Khan stated, “Coke Studio encompasses a philosophy of bridging barriers and blurring boundaries. Over 9 seasons we have bridged generational, cultural, gender, age, and geographical gaps. Last year we realized that there are 9 million people who have some form of hearing impairment, and have not experienced the magic of Coke Studio. We firmly believe music is a feeling everyone should experience. So we launched a unique initiative called Coke Studio for the Deaf and have installed the setup in partnership with the Deaf Reach Program to invite members of the Deaf Community to experience this unique initiative.”

The setup invented in China, was first tested out by the Coca-Cola brand team earlier this year when it was installed in Bangkok. A group of 8 students and faculty of the Deaf Reach School were taken to Bangkok to try out the system first hand. Their experience was nothing short of remarkable, with the group members actually experiencing Coke Studio for the very first time in their lives. Based on this great success, Coca-Cola Pakistan decided to acquire the system for use in Pakistan, with a vision to enable more people from the Deaf Community to also experience the music of Coke Studio.

MCB organises seminar on Brexit and its

implications for EU

LAHORE (PR): MCB Bank Limited, Pakistan’s leading private sector bank, organised a seminar titled “Brexit and the EU: The Way Forward” at the bank’s head office in Lahore.

The seminar was arranged by MCB Bank to inform customers about the conditions that led to the unexpected outcome of the Brexit vote on June 23rd, the reaction of the financial markets across the globe and what the decision entails for the future of the UK economy and the European Union. The seminar was attended by senior management representatives of large and medium Pakistani corporates and businesses.

MCB Bank President, Imran Maqbool opened the event with a welcome address and shared background on the seminar’s core theme. He accentuated MCB Bank’s commitment to its customers with unmatched service and ground-breaking product innovations.

He thanked the seminar participants for placing their trust in MCB Bank and hoped that their strategic partnership with the bank will continue to flourish in the same vein that has placed MCB Bank at the forefront of the banking industry in Pakistan.

MCB Bank Group Head Treasury, Mohammad Ramzan then further elaborated on the topic and explained that Europe has historically been a region of conflict but since the end of World War II, has undergone a period of strong regional integration which has, in turn, elevated its status as a glorifying illustration of prosperity and rapid economic expansion. However, in the current decade, Europehas been facing numerous challenges such as the Euro-zone debt crisis, influx of migrants from the Middle East and now Brexit. These challenges are threatening the decades’ long process of integration in the region and the Brexit vote has raised new questions for the longevity of the European Union.

During the seminar, participants were shown how the financial markets responded to the Brexit vote, highlighting the rapid decline of the pound relative to the US dollar. It was suggested that the impact of the Brexit vote would be more long-term as the UK economy is largely dependent on trade with the EU. More recently, the plan proposed by British Prime Minister suggested a “hard” Brexit, which would restrict the UK’s access to the single market of the European Union. The impact that Brexit would have on the EU economy and what the way forward should be, was also highlighted. The seminar’s closing thought was that political events such as Brexit have economic consequences and as prudent market participants,it is important to be wary of these factors.The seminar concluded after a detailed Q&A session.

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DIBP, PAF join hands

KARACHI (PR): Dubai Islamic Bank Pakistan (DIBP) and Pakistan Air Force (PAF) recently signed a historic memorandum of understanding (MoU) which will enable DIBP to offer personal finance, auto finance, and home finance facilities to PAF personnel across the country. DIBP is the first Islamic bank to be enlisted with PAF for providing comprehensive banking services.

Junaid Ahmed, CEO DIBP, said, “It brings me great joy to be part of this auspicious signing ceremony which will be beneficial to both esteemed institutions, and will also stand to further strengthen and deepen the relationship between DIBP and PAF.”

Air Marshal Aasim Zaheer, Deputy Chief of Air Staff (Administration), said, “With this signing of MoU between DIBP and PAF, we are heading into the direction of Islamic banking. Dubai Islamic Bank Pakistan is the first Islamic bank to offer banking services to PAF personnel at all our bases. With this agreement we wish to further grow our partnership to new heights.”

Telenor amongst top

taxpayers: FBR directory

ISLAMABAD (PR): Pakistan’s foremost telecom and digital services provider, Telenor Pakistan has emerged as one of the highest taxpaying private sector telecom companies in the country, as per the latest FBR tax directory stats.

With Rs 3,020,783,526 paid in financial year ended December 2014 in lieu of corporate income tax, which is one of the highest of all private sector telecom companies, Telenor Pakistan has contributed a total of Rs 236 billion so far in direct and indirect taxes since its inception, always staying in the country’s top taxpayers list.

The company has unceasingly paid its taxes responsibly, including the withholding tax of $39.5 million (Rs. 4.13 billion) in its latest 4G Spectrum acquisition.

Taxes are not the only way Telenor Pakistan has contributed to the country’s socioeconomic development. The company has proactively taken dozens of initiatives to achieve its goal of empowering the Pakistani society through digital and financial inclusion of the masses, promoting entrepreneurship via accelerator and incubator programs, encouraging and supporting young talent in technology and other areas using structured contests and representation, promoting an inclusive working environment where people are given equal employment opportunities regardless of gender or disability, and helping women get back to work, among several other measures.

“We are here with a long-term commitment with Pakistan and its people, and being the top taxpayer is just one instance of it. We will continue our efforts to empower the Pakistani society using all our core competencies and contribute the best of our resources to the country’s socioeconomic development,” said Irfan Wahab Khan, CEO, Telenor Pakistan.

NAVTTC introduces new skill assessment system

ISLAMABAD (PR): An important video conference was held Tuesday under the chairmanship of the Executive Director NAVTTC Zulfiqar Ahmad Cheema in which many high level officials participated from Lahore, Karachi, Peshawar and Quetta. Instead of following old practices of taking examination in an outdated and conventional manner, NAVTTC has introduced a new skill assessment system at par with the international standards. It was decided in the meeting that ninety percent of exam would be based on practical test and ten percent would be based on interview.

Out of three assessors, two would be industrial experts.

Under the new assessment system, skills of the trainees would be fine tuned and the quality of their training would be enhanced. Moreover, NAVTTC’s certificate would be the key to employment for our trained at both the domestic and international market. Representatives of Pakistan’s chambers of commerce & industry and industrial sector have praised this new system devised by NAVTTC.

“We have received very positive feedback from the previously held skill competitions and more young girls and boys are attracted to skill sector,” said the Executive Director. NAVTTC is going to hold skill competitions at zonal level throughout the country in which around 25,000 trainees under Prime Minister’s Yuth Skill Development Phase-III, batch-1 would display their skills in various trades which would not only increase their enthusiasm but also enhance their skills. Position holders of each trade would be awarded with cashed prizes and certificates. Later, skill competitions would be held at provincial level also.