Al Baraka net income $207m

KARACHI (PR): Al Baraka Banking Group (ABG) crossed a net income of $207 million in the first nine months of 2014, as compared to the corresponding period 2013. Similarly, statement of financial positions witnessed good increases. Total assets touched $22.5 billion and total equity crossed $2 billion at end of September 2014. These results affirm the Group’s ability to accommodate the financial and economic fluctuations regionally and internationally and to achieve the growth in profitability in businesses. Al Baraka Bank Pakistan is one of the leading members of Al Baraka Banking Group.

 

EatOye wins P@SHA ICT Award

KARACHI (PR): EatOye (www.eatoye.pk/), the leading Pakistani food ordering platform, was announced as the winner company in Pakistan for the year 2014 - PASHA ICT Awards, Hospitality and Tourism category. EatOye, honored as Pakistan’s shining star in the hospitality community, the competition was headed up by P@SHA.

P@SHA and a panel of renowned industry analysts, journalists, academics, and experts combed the technology innovation landscape across Pakistan in search of Pakistan’s bright service providing stars that have demonstrated excellence in innovation, leadership, and growth potential. A total of 32 Pakistani companies were named as finalists for the 2014 P@SHA ICT award, selected from a pool of over 128 entries from the technology and service sectors.

The 2014 Startup P@SHA Awards has named EatOye Pakistan as one of the Best Startup Companies of the Year and awarded other business organizations with top honors.

Held in Karachi, the event brought together the leading entrepreneurs, communities and organizations dedicated to supporting Pakistani grown businesses.

“We’re thrilled to win this award,” says Nauman Sikandar, Chief Executive Officer, EatOye!“The chosen firms have been recognized for bright business propositions and meaningful market strategies.  We’re happy to have EatOye as a star in the P@SHA ICT Award category, which demonstrates that our belief in our business strategy was well-founded given continued acceleration in the market since we first launched 9 months ago.”

Our amazing product has allowed us to expand locally since our official launch 9 months ago, and being recognized for our aggressive growth is a real honor.”

“But other things matter more, like our team members are the real stars - we all win because of their commitment. On behalf of EatOye and all our partners, we thank P@SHA for its work in highlighting the importance of entrepreneurship to Pakistan’s future,” concluded Nauman.

EatOye Pakistan will also be part of the P@SHA delegation from Pakistan that will compete at the APICTA (Asia Pacific ICT Awards) in Jakarta, Indonesia against 17 IT economies including Australia, Brunei, China, Hong Kong, Indonesia, Korea, Macau, Malaysia, Myanmar, Philippines, Singapore, Sri Lanka, Thailand, Taiwan and Vietnam.

The ICT Awards, that most likely are considered the Oscars of the entrepreneurship community, are set up to celebrate Pakistan’s entrepreneurship activation and advancement in their inaugural year.

EatOyeposition as a Pakistani center of excellence for innovative startup businesses was confirmed with several other mentions since inception.

 

 

Mobilink, Twitter join hands

LAHORE (PR): Mobilink has entered into a partnership with Twitter, which is the world’s leading platform for live public, conversations, to accelerate Internet usage in Pakistan and enable users to share ideas & information instantly. The partnership will allow Mobilink customers to use the innovative portfolio of Twitter’s mobile services, including Twitter SMS and Twitter Access.

 As part of the partnership, Mobilink users will not incur any data charges on Twitter usage for a limited time period.

Commenting on the partnership Wasif Mustafa, Head of Marketing, Mobilink said: “As the fastest growing 3G network in the country, it is a part of Mobilink’s strategy to introduce innovative and lucrative deals for our customers. The partnership with Twitter will enhance our customer’s experience by providing them free access to the most popular public real-time network on the Internet. I am confident that our customers will benefit from this partnership and make the best of this offer over Mobilink’s 3G network.”

Twitter will help first time mobile data users of Mobilink to experience Twitter and follow accounts even without signing up first. “The partnership will enable users to follow Events, News, Celebrities & Brands in real-time. This will allow Mobilink to drive mobile data adoption and usage by increasing access to content that is relevant to their users” said Ravi Bhaskaran, Head – Business Development, South Asia. Through this collaboration, Mobilink aims to increase the number of mobile data customers in the market by offering low-cost data solutions, for both, smart phone and feature phone users. Mobilink and Twitter will also launch hashtag trend campaigns for users to actively participate on Twitter over Mobilink’s 3G network in Pakistan. 

 

 

Daraz.pk announces

partnership with int’l brands

KARACHI (PR): Daraz.pk has announced a partnership with Michael Kors, Burberry and Armani which will see these popular international luxury brands distribute in Pakistan through the online shopping website. Launching on Daraz.pk, this will be the first time these brands will have an exclusive brand page for customers to purchase their favorite luxury watches online in Pakistan.

The addition of Burberry, Armani and Michael Kors comes as Daraz.pk continues to build on its already extensive offering of international fashion and electronics brands, alongside its eclectic assortment of local labels. Other luxury brands to come on board are Rado, Raymond Weil, DKNY, Diesel, Fossil and Marc Jacobs. Daraz.pk’s firm foothold in Pakistan’s ecommerce sector, with over 1.7 million visitors each month, means that these brands will launch to an already greatly established customer base who are looking to make purchases online. Pakistani men and women are some of the most stylish and well-traveled people in the world and with the help of iconic luxury brands such as these, Daraz.pk wants to cater to their needs and offer them a glamourous and sophisticated shopping experience.

“Daraz.pk is the leading ecommerce portal in the country and having such well-loved and aspirational luxury brands such as Michael Kors, Armani, Burberry, DKNY etc. come on board is great indication of how traditional retailers can partner with ecommerce websites to introduce their brand into new developing markets and enhance consumer experience by fusing online and offline retail,” said Farees Shah, cofounder Daraz.pk.

 

 

 

Islamic Research Institute DG

ISLAMABAD (PR): International Islamic University Islamabad (IIUI) has appointed Dr Zia ul Haq as Director General Islamic Research Institute (IRI). He has been working as Professor of Islamic Law/Shariah and Dean Faculty of Shariah and Law at International Islamic University, Islamabad, Pakistan. Along with his academic positions at IIU, he has also worked as Project director of various IIU projects. He is also author of eight books and more that 40 research papers.

Dr. Zia ul Haq has designed many PhD/LLM/MS programs and Courses at IIU and AIOU. He holds Ph.D in Comparative Islamic Law (Fiqh) from oldest University of Muslims World Ezzituna University, Tunisia and Post Doctorate from University of Glasgow, UK.

Dr. Zia ul Haq is winner of many prestigious awards and funding such as Best Teacher Award of Higher Education Commission of Pakistan (HEC), Fulbright of USA, Erasmus Mundus of EU and the Asia Foundation. He has produced several PhD and LLM/MS scholars. He has been included in the pool of international experts for promotion of objectives of the Congress of the World and Traditional Religions.

 

K-E close to energy saving scheme successful completion

KARACHI (PR): K-Electric (KE) continues the successful implementation of government’s Energy Saver Scheme in Karachi. As part of the ongoing campaign, more than 72% or 1.98 million energy savers have been distributed free of cost in Karachi via 28 IBCs across the city.

According to a KE press statement, an energy conservation campaign that was launched by KE in December 2013 in alignment with the federal government has gained momentum and is nearing completion. The key idea behind the initiative was to encourage greater energy saving among the people of Karachi.

In its statement, KE spokesperson mentioned that KE has been particular about ensuring a highly transparent process and is the only utility that has updated distribution validation using the SAP Inventory Management System aligned to the Software provided by Asian Development Bank (ADB) consultants. “We have a completely validated record of all energy saving bulbs distributed and incandescent bulbs received during this campaign. We are confident of project’s transparency and are even open to the third-party validation as and when required”.

The company has been regularly sharing the distribution data with all concerned authorities as per Ministry of Water and Power’s advice.