Hamdard Foundation president visits tomb of Maulana Zafar Ali

LAHORE (PR): President Hamdard Foundation Sadia Rashid visited the tomb of Pakistan Movement stalwart Maulana Zafar Ali Khan at his native village Karam Abad.

Addressing local media and members of her delegation, she said it’s a great privilege to be present at the Mazar such noble figure as of Zafar Ali Khan stature who spent major part of his life either in solitary confinement or jail for the sake of independence. He is the torch bearer for the students of journalism and literature. She also appreciated the work done by Maulana Zafar Ali Khan Trust by reproducing Maulana’s poetical master pieces besides preserving his historic editorials in bookish form. Member MZAK Trust Governing Board Nawazish Ali Cheema welcomed Sadia Rashed and conveyed the messages of Khalid Mehmood (Chairman), Mujeeb ur Rehman Shami, (Treasurer), Raja Asad Ali Khan, (Secretary) and other members of the Trust and also presented her full set of books reprinted by the Trust.

Sindh Bank records

impressive growth

KARCHI (PR): A meeting of the Board of Directors of Sindh Bank Ltd was held at the Bank’s head office in which unaudited accounts for the nine month ended September 30, 2015, were approved.

The Board noted with satisfaction the impressive growth recorded by the Bank in all key performance areas. Total deposits soared to Rs 84.264 billion as compared to Rs 61.884 billion as on December 31, 2014, registering an increase of 36%. Number of accounts stood at 337 thousand plus as against 166 thousand plus as on December 31, 2014, depicting an addition of over 180 thousand accounts i.e. 114% during the nine months period. Gross advances stood at Rs. 44.596 billion as against Rs. 41.204 billion as on December 31, 2014, registering an increase of over 8%. Investment portfolio mainly comprising unencumbered government securities, increased by 162% over the position as at December 31, 2014.

Pre-tax profit for the nine months of 2015 stood at Rs. 1,510 million as against Rs 1,079 million earned in the corresponding period of 2014 thus registering an increase of 40%.

Huawei smartphones

LAHORE (PR): Bringing pioneering technologies and innovative features in the easy access of Huawei customers, has led this brand to achieve highest sales growth in 2015. Huawei has now unveiled its latest flagship smart phone, Mate S which is a perfect embodiment of sophistication and technological expertise. This smart phone has been launched in the Pakistan by the world’s third largest smart phone vendor company, Huawei, to cater to the diversified and dynamic needs of the smart phone lovers. This extraordinary device is available on Huawei authorized mobile stores, with an exciting offer from Zong, 12 GB free data for the whole 12 months.

Huawei Pakistan CEO Aragon Meng expressed, “We believe that the mobile market is growing at a tremendous pace as the people are gaining more and more awareness related to how their lives can be made smarter with the latest technologies. This is the reason why Huawei has launched its modern flagship device here so that people can benefit from the latest technologies and live a life, full of ease and leisure.”

Dr Abid assumes duties as P&PR head AT IIUI

ISLAMABAD (PR): Dr Hafiz Abid Masood has assumed duties as Head Department of Protocol and Public Relations (P&PR) of International Islamic University, Islamabad (IIUI) on Thursday. According to an office order, Dr Hafiz Abid Masood, Assistant Professor (English) has been assigned responsibilities of P&PR.

Dr Hafiz Abid Masood has a PhD in early modern literature and culture from School of English, University of Sussex, United Kingdom and a veteran faculty member of the university who is also known for his administrative abilities. He has also served as Provost (male) and currently working as Students’ Advisor (male).

He joined IIUI back in 1999 at English department, whereas he has also acquired number of grants and fellowships.

Research and insights event on smart finance, ethics

ISLAMABAD (PR): ACCA held two sessions on the importance of ‘Smart Finance Function’ and ‘Ethics’ in the accountancy profession in Islamabad.

The events provided an opportunity for the finance professionals to benefit from case studies of successful and distinct businesses from different cross-sections of industries in Pakistan underlining the importance of investing in the corporate finance function. The session on Ethics consisted of a presentation, which was delivered to give an overview of professional ethics directed at accountants – in business and in practice.

Arif Mirza (ACCA), Head of Policy MENASA, ACCA Pakistan spoke to the audience and stressed on how the quality of finance leadership, the adoption of breakthrough technologies, better people practices, and innovative thinking can transform the corporate finance function; making it increasingly smarter and relevant for the business.