Faysal Bank signs BancaTakaful agreement with Jubilee Family Takaful
Faysal Bank signs BancaTakaful agreement with Jubilee Family Takaful
KARACHI (PR): Faysal Bank Limited (FBL), one of the leading banks in Pakistan, has signed a BancaTakaful distribution agreement with Jubilee Life Insurance Company Ltd. Window Takaful Operations (JLI-WTO) for sales of their Shariah-compliant Takaful products through its distribution channels.
Yousaf Hussain, President and CEO Faysal Bank, stated, “This business alliance between two leading brands FBL & Jubilee Life is a testimony of our commitment to provide the most diversified financial solutions to our customers from our Wealth Management platform.”
Javed Ahmed, Managing Director and CEO, Jubilee Life Insurance Company Limited, said, “BancaTakaful has shown significant growth in the last two years since we initiated the Window Takaful Operations. It has strategically assisted the penetration of insurance in a much wider audience base. We are confident that this partnership with Faysal Bank coupled with our top-quality service would create room for business longevity by providing a one stop solution to customers for all their financial needs.”
Agha Steel receives highest corporate rating in industry
KARACHI (PR): JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial entity ratings of ‘A/A-1’ (Single A/A-One) to Agha Steel Industries (ASI). Outlook on the assigned ratings is ‘Stable’.
Agha Steel Industries Limited (ASI) is amongst the top-tier players in the long steel sector with installed capacity of billets and reinforcement bars (rebars) at 240,000MT and 150,000MT, respectively. Competitive advantage stems from the company being the only manufacturer in the country using Electric Arc Furnace for manufacturing of billets.
ASI’s capacity utilization level of bars stood at 91% (FY16: 85%) during FY17. In order to cater to rising demand, ASI is in the process of expanding its rebar capacity by 5 times. The expansion will be funded through a mix of debt and equity. The equity portion will be funded through a planned Initial Public Offering in 1QCY18.
Hussain Agha, Executive Director, notes, “The rating that Agha Steel Industries has received is a testament of our commitment to all our stakeholders by constantly delivering sustainable value. Furthermore, we are very confident that Agha Steel is well positioned to lead the steel industry of Pakistan by deploying state of the art technologies coupled with great corporate governance.”
Haier’s store at Packages Mall pulls in crowds
LAHORE (PR): Haier’s newly opened flagship store at Packages Mall Lahore is proving to be a real crowd puller, with visitors and customers alike.
The flagship store, the first of several more planned for other major cities, signals the start of a major drive to strengthen the brand’s image, visibility, equity and market presence.
The store was opened by Javed Afridi, Chairman Peshawar Zalmi, the reigning PSL Champions, and an international celebrity in his own right with a large following of cricket fans in Pakistan and across the globe.
The new flagship store, comprising 1800 sq. ft. of elegantly laid out display area is one of the largest in the industry. It is designed to facilitate both ease of movement and hands on customer experience. The branding reflects Haier’s global leadership position and its market leading success in Pakistan.
On display is a comprehensive range of Haier home appliances, including refrigerators, washing machines, air conditioners, freezers, small domestic appliances, 4K capable LED TVs and much more. All these products are reflective of the brand’s global leadership in terms of innovation, invention, engineering design, and ‘eye pleasing’ aesthetics.
Opening of HPTC in Nankana Sahib
LAHORE (PR): Pakistan Kidney and Liver Institute and Research Center has achieved another milestone with the launch of Hepatitis Prevention & Treatment Clinic (HPTC) in DHQ Hospital, Nankana Sahib. Several representatives from government, civil society, academia, and media attended the launch ceremony. In line with the vision of making ‘hepatitis free Pakistan,’ this clinic will offer free screening, vaccination and treatment to the hepatitis patients.
Muhammad Tayyab (Assistant Commissioner Nankana Sahib), Dr Iftakhar (CEO Health District Nankana Sahib), Dr Irfan (Acting MS DHQ Hospital Nankana Sahib), Dr Muzammil (Senior Medical Officer), Brig (r) Ghulam Murtaza (Associate Program Director, PKLI-HPTP), Col (r) Dr Ali Yasir (Assistant Project Director (Central), PKLI-HPTP) graced the event with their presence.
Telenor, PLDDB launch ‘Khushaal Aangan’
LAHORE (PR): Aimed at empowering Pakistan’s female farmers and extending them the benefits of its flagship mobile agriculture service ‘Khushaal Zamindar’, Telenor Pakistan, in partnership with Punjab Livestock and Dairy Development Board (PLDDB), has launched a dedicated free of cost IVR service for female farmers in Punjab called ‘Khushaal Aangan’. Female farmers will simply need to dial 727251 to subscribe to the service and get information regarding livestock rearing, family health, nutrition, hygiene and sanitation.
Currently more than 4 million farmers in Punjab are using Telenor Pakistan’s agriculture service ‘Khushaal Zamindar’ and over 10% of them are females. Keeping in view the large number of female workforce in today’s rural society and their immense contribution towards agriculture, it’s imperative to have a service which caters specifically to their needs.
Meizu set to enter Pak smartphone market
LAHORE (PR): Meizu, backed by Allibaba, is a Chinese marvel which officially began its smartphone manufacturing in 2007 after realizing the need and appreciation of the mobile phone industry. In the recent two years, Meizu kept growing rapidly resulting in a sales revenue of 3 billion in 2016.
After success around the globe, Meizu has, just recently, spread its wings much further by investing in the Pakistani market and aiming to get bigger with the backing of its energetic and dedicated team. The founder of Meizu J.Wong, with his creative concepts, began initially with MP3 players till the product became successful in their own category. This led to the launch of smartphones from their model M8 which served as the first touchscreen phone in China of its time. M9 followed with retina display, MX with dual-core MX2 & MX3 with thin bezel boundary and MX4 Pro with front fingerprint identification. Meizu in its products pays great attention to design, manufacturing, innovation and quality.
Meizu is entering Pakistan with M6, M6 note, Pro 7 and Pro7 plus with dual LCD.
14th annual convocation of SZABIST on 9th
KARACHI (PR): The 14th annual convocation of the Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) Karachi will be held on 9th December at the PAF Convention Centre.
This time 1027 students shall be getting their degrees in different disciplines. This is the highest number of degree recipients from Karachi campus in 22 years of SZABIST’s history. Of 1027 degrees being conferred, 465 are Undergraduate Degrees, 558 are Masters Degrees and 4are PhD Degrees. Twelve Academic Gold Medals and eleven Silver Medals shall also be awarded. One hundred and eight students’ names have been placed on the “Chancellors Honor List” for securing CGPA equal to or greater than 3.50.
The ceremony is expected to be attended by around 3500 people comprising of SZABIST Board of Governors, Board of Trustees, management, faculty, staff, graduates, parents, educationists, guests, media and supportive/committed partners.