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Bosch Home Appliances opens another showroom

ISLAMABAD (PR): Speaker National Assembly Sardar Ayaz Sadiq has emphasized the need of increasing bilateral trade relations between Germany and Pakistan. Pakistani industries can greatly benefit from German technological advancements and a growing middle class population offers great potential to any foreign investor in Pakistan.

He expressed these views while inaugurating the newly established office and showroom by BSH Hausgeräte GmbH, a 100% subsidiary of Robert Bosch GmbH Germany, which has established its second official products showroom in Pakistan in Blue Area Islamabad. Speaking at the occasion, BSH Home Appliances FZE CEO Tomas Alonso said that German companies consider Pakistan a preferred destination for trade and business and Pakistani market offers immense potential of bilateral trade between two countries.

BSH Home Appliances FZE has established its showrooms and offices with local business partner Mega Home Appliances in Pakistan. Managing Director Mega Home Syed Adnan Shah was also present at the occasion.

BSH Home Appliances aims to expand its sales and distribution footprint in Pakistan and working to expand its retailer/distributor network across country.

Alonso said, “We are targeting to become the No. 1 home appliances supplier in Pakistan by doubling the T/O year-on-year.” FINCA Microfinance Bank issues Rs1,500m to PPTFC for SME sector

LAHORE (PR): FINCA Microfinance Bank has announced the registration of Rs 1,500 million Privately Placed Term Finance Certificate (PPTFC), furthering its strategy of diversifying its funding base to promote financial inclusion. This is the first PPTFC offering for FINCA Microfinance Bank in Pakistan and the denomination of each electronic instrument will be Rs100,000. FINCA expects that the successful placement of this offering will allow it to continuously access Pakistan’s capital markets in the future.

These instruments will be registered with the Central Depository Company (CDC) and will be traded electronically. FINCA Microfinance Bank will have the option of drawing the entire amount in a lump sum or in three tranches at Rs500 million each over a nine-month availability period. The tenor of the bond is 5 years.

Andrée Simon, CEO of FINCA Impact Finance, said, “The success of this PPTFC offering is a clear testament to the strength of FINCA Impact Finance and our commitment to expand access to responsible financial services in Pakistan and around the world.”

Roman Hingorani, CFO for FINCA Impact Finance, said, “FINCA Impact Finance is making tremendous strides in diversifying our funding base with bond offerings in three countries. We’ve moved from a heavy reliance on international borrowings to more local funding sources, helping us manage our foreign exchange and geographic risks. For customers around the globe, this reinforces our role as a reliable banking partner.”

COMSATS leading Pakistan in biomedical materials research

LAHORE (PR): Biomedical Materials and Tissue Engineering are used to repair bone, skin, teeth and related ailments. These materials are not commonly available in the country – if they are – they are expensive and unaffordable by the common man. IRCBM at COMSATS Institute Lahore therefore focuses on translational research to ensure indigenisation and sustainability of developed prototypes.

Interdisciplinary Research Centre in Biomedical Materials (IRCBM), COMSATS Institute of Information Technology, Lahore organised the 6th International Symposium on Biomedical Materials: Synergising Partnerships (14-16 December 2017). Governor of Punjab Malik Muhammad Rafique Rajwana was the chief guest on the opening ceremony held at a local hotel.

In addition to leading national researchers and clinicians ISBM 2017 has participation from foreign delegates from UK, New Zealand, Malaysia and France. ISBM 2017 also focusses on bridging the gap between academia and industry – entrepreneurial businessmen, consultants and developers of some leading incubation centres in the country will be coming together at ISBM 2017 as well.

Together the 300+ participants hope to review the progress made on this front in Pakistan and define future road maps by building synergy.

Ufone Super recharge upgrades data

LAHORE (PR): Ufone has upgraded its ‘Super Recharge’ offer by increasing the internet volume from 30 MB to 100 MB. This upgrade aims to serve users’ increased need of internet data along with enhancing customers’ internet experience.

Another advantage of the upgrade is that it will allow customers to subscribe to the offer by simply dialing *300# without having to visit the retailer.

In addition to 100 MB internet, ‘Super Recharge’ offer also provides 300 U-U and PTCL minutes, 300 SMS and 10 off net minutes, all with a validity of 2 days.

Ufone has consistently shown that it is committed to provide itscustomers with best convenience that fulfill their communication needs and offer an uninterrupted and  dependable service that commits to keep them ‘befiker’ to their communication needs.

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