AEO Australian education exhibition

LAHORE (PR): Australia being a hub of quality education, provides everything a student dreams of from scenic beauty, wildlife safaris and passion for sports; to most importantly universities that are ranked among the leading ones in the world. AEO Pakistan; Global Education Specialists and IELTS Test Centre in Pakistan having a presence across the country, conducts Australian Education Expos nationwide twice a year providing a perfect opportunity to Pakistani students seeking to study in Australia.

This August, once again AEO Pakistan is conducting Australian Education Roadshow across 6 major cities of Pakistan. Representatives of more than 18 top ranked Australian institutions are participating in the event providing great opportunity for Pakistani students to get expert advice and counseling for their future study endeavors.

The first exhibition of series held today at Lahore PC Hotel, generated massive participation of both students and their parents who showed very much keen interest and passion to study at leading universities of Australia.

Next exhibition of the series will be held on 27th August at Serena Hotel - Islamabad, followed by Multan on 29th August at Ramada Hotel , Karachi 30th August - Marriott Hotel, Faisalabad 30th August– Hotel One & lastly at Peshawar- PC Hotel on 30th August 2015. All interested students along with parents are encouraged to participate as entry to the exhibition and career counseling is absolutely free.

JS Bank hosts dinner for cadets

LAHORE (PR): JS Bank hosted a dinner for the delegates of Cadet College Larkana. The participants at the dinner included JS Bank employees and the delegates of Cadet College Larkana. During the event, Director JS Bank, Kalim ur Rahman delivered a speech in which he welcomed all the guests and gave an overview of the achievements of the bank, providing an opportunity for the young cadets to interact with JS Bank Management and learn about the corporate culture.

JS Bank representative, Zaid Haroon also advised the cadets to work hard with a strong commitment and devotion to succeed in their practical lives. He also asked them to develop learning habits and to utilise their utmost skills in playing a crucial role in the country’s development.

JS Bank is considered amongst the fastest growing banks within the Pakistan’s banking landscape with the support of its vast experienced management. The Bank now has an online network of 238 branches and presence in over 122 cities across Pakistan. In its unrelenting effort to provide high quality products and services, JS Bank continues to pursue the path of innovation and excellence. Please visit www.jsbl.com for more information

Tameer Bank, Telenor Pak join hands

LAHORE (PR): Pakistan’s first and largest branchless banking service and a joint venture between Tameer Microfinance Bank and Telenor Pakistan, Easypaisa has signed an agreement recently with RAVI Exchange. The agreement will allow RAVI Exchange to offer full suite of Easypaisa services at their 108 exclusive outlets nationwide, and will provide Easypaisa access to RAVI Exchange’s distribution network.

Shell awards free fuel

LAHORE (PR): Sixteen people across the country won free fuel for a month by participating in Shell Pakistan’s Fuel Efficiency campaign. Shell is encouraging customers who purchase Shell Super Unleaded to pledge to be more fuel efficient. Upon making the pledge, customers become eligible to win free fuel for a month as well as a chance to win a grand prize of free fuel for up to a year.

One of the winners, Raja Zahid Mehmood Bhatti from Rawalpindi, said, “We should try to save not just fuel but all the energy we use because it is necessary to meet the needs of the next generation.”

Another winner from Karachi, Rizwan Hussain, said, “My daily commute is approximately100km. Previously I would use octane boosters to achieve good mileage, but now I get a similar result by using Shell Super. Mazhar-ud-Deen, General Manager, Retail, Shell Pakistan, said, “We are glad that customers have been receptive to improving their fuel economy. We hope that we have sparked a bit of curiosity in people to learn about fuel-efficient behaviors, and that they make practical use of the Shell Fuel Efficiency Tips.”

HabibMetro Bank posts profit

KARACHI (PR): Habib Metropolitan Bank posted a profit-before tax of Rs. 7.6 billion for the first half of 2015, registering a year-on-year profitability boost of 147 percent. The Bank achieved broad based organic growth, with its low cost resource mobilisation, shift in asset profile and timely realisation of capital gains. The Bank’s profit-after-tax amounted to Rs4.43 billion on June 30, 2015. Resultantly, HabibMetro’s EPS increased by 110 percent and marked at Rs. 4.23 at the end of June 2015. In a Board Meeting held on August 21, 2015, HabibMetro Bank’s Board of Directors declared 20 percent interim cash dividend for the half year 2015.

The Bank’s Net Margin posted a significant increase of 32.5 percent from June 2014 demonstrating a positive shift in asset profile, while its fee income and exchange earnings both increased considerably by 21.6 percent and 38.2 percent, respectively. Even without the extraordinary capital gain, the Bank posted a noteworthy profit-before tax of Rs. 4.2 billion, an increase of 38 percent from June 2014.

HabibMetro Bank’s total assets augmented by 14.4 percent compared to December 2014, and in doing so amounted to Rs. 454.7 billion on June 30, 2015. Meanwhile, the Bank’s deposit base exhibited an increase of 14 percent – a growth that surpassed the industry’s deposit growth curve- and exceeded Rs. 360 billion. The Bank’s branch network currently comprises 249 branches across Pakistan. HabibMetro aims to increase its national footprint further in the second half of 2015.

The Pakistan Credit Rating Agency (PACRA), recognised as an external credit assessment institution by the SBP, endorsed HabibMetro Bank’s premium credit ratings of AA+ and A1+ credit ratings for the 15thconsecutive year, in 2015. HabibMetro Bank is a subsidiary of Habib Bank AG Zurich, a multi-national banking group that enjoys a financial presence in 10 countries across 4 continents.

ABL boosts efficiency with Oracle system

KARACHI (PR): Allied Bank Limited (ABL), one of Pakistan’s leading banks, has reduced the critical close of business (COB) processing time by as much as 50 percent with the successful deployment of Oracle Exadata Database Machine.

In addition, the bank has been able to simplify its IT and accelerate its expansion plans due to the solution’s ability to scale. ABL was also able to boost its data protection capabilities at a reduced total cost of ownership (TCO).

With its prior infrastructure, ABL’s core banking application was experiencing scalability issues, due to a high number of transactions in its Online Transaction Processing (OLTP) system. This resulted in delays in generating important reports and made it difficult for the bank’s management to make effective and timely decisions. The cost of scaling the existing solution was another key concern for the bank as it sought to pursue aggressive expansion plans.

By implementing Oracle Exadata, ABL was able to optimise its core banking hardware infrastructure and enhance its OLTP processing. As a result, it was able to significantly reduce the processing time for COB tasks such as daily transaction, calculating and posting interests, rolling the bank date forward and production of various reports.