FFC to set up fertiliser complex in Tanzania

ISLAMABAD (PR): Fauji Fertilizer Company Ltd (FFC), the leader in Pakistani fertilizer sector has entered into Joint Venture for setting up large scale fertilizer plant in Tanzania. FFC is partnering with renowned technology provider Haldor Topsoe A/S (HT) from Denmark, and project developer Ferrostaal Industrial Projects GmbH (FIP) from Germany as a consortium and joined by the state-owned Tanzania Petroleum Development Corporation (TPDC). The plant will be located in the South of Dar es Salam in the Lindi /Mt. Wara area, where port facilities and connections to natural gas grid would be available.

This project is one of the biggest foreign investment in Tanzania. The fertilizer complex is expected to be on-stream by 2020, and will be producing 1.3 million tons of urea fertilizer per year, for both local and international market. The agricultural sector in Tanzania would be benefitting the most from this investment and FFC’s agri-services experience.

Fauji Fertilizer Company (FFC) with over three decades of experience in operating large scale ammonia and urea plants is well poised to run safe and reliable operations of this fertilizer plant and training of domestic manpower in Tanzania.

TPDC considers this project to be of strategic importance to the Country in view of enormous economic and social benefits. This project will significantly help boost economy in Tanzania by creating employment opportunities directly and also in spin-off industries. It is estimated that about 5,000 direct and indirect jobs will be created during the construction and operation phase to the benefit of both Pakistanis and Tanzanian people.

Lt. Gen (Retd) Shafqaat Ahmed, CE & MD FFC, while briefing the Board of Directors, expressed his optimism on this key project which marks the beginning of FFC’s ‘Global Aspirations’. The project is seen as a positive development towards the national economy, as a valuable source of earning foreign exchange and goodwill in African Region. The investment is reflection of FFC’s commitment towards value creation for its shareholders to ensure sustained stream of payout, which is the highest (97pc) in Pakistan.

Balloting of Apna Rozgar Scheme

LAHORE (PR): The third reserve balloting for Apna Rozgar Scheme was held on 28th October 2015 at 90, Shahra-e-Quaid-e-Azam Lahore. The function in Lahore was presided over by Dr. Ayesha Ghaus, Minister Finance Govt. of the Punjab.

Apna Rozgar will provide 50,000 vehicles (25000 Suzuki Bolan and 25,000 Ravi) to successful applicants. The repayment is to be done in 60 monthly installments at 0pc markup rate. The GOPb will subsidise 100pc markup.

The balloting was conducted to create reserve pool for filling vacancies created due to DVC (District Verification Committees) rejections, voluntary withdrawals and non-compliance of terms & conditions by applicants of earlier ballots.

The delivery of vehicles was started from 20th March 2015 and the Bank of Punjab has completed deliveries of 35,000 vehicles todate.

The computerised transparent balloting was conducted in presence of media under supervision of committee constituted by Govt. of the Punjab. The elected parliamentarians, Govt. officials, senior executives of the Bank of Punjab, and members from media and civil society were also present on the occasion.

Pak most searched online cities

LAHORE (PR): The city of lights, Karachi, is the most-searched-for Pakistani city according to a new report by Lamudi.pk. Following it closely are Lahore, Islamabad, Rawalpindi and Faisalabad.

Karachi’s status as the most-searched-for city on Lamudi’s real estate portal points to increasing investor confidence in the metropolitan center. Moreover, the city’s improved security situation has given a boost to the property sector.

Karachi has had a stellar performance in the first ten months of 2015. Law and order agencies are eliminating the Qabza mafia from the city, and people are now regaining possession of their properties.

All this has resulted in an increase in property values in Karachi, especially its posh areas such as DHA, Clifton and DHA City. If the operation continues successfully, then the new developments are expected to increase two to threefold in the future.

Saad Arshed, Country Director of Lamudi Pakistan, commented, “The immense volume of searches on our website for Karachi supports the argument that the city is a prime investment destination. The argument is also supported by the city’s increased Foreign Direct Investment (FDI).

More and more overseas Pakistanis are investing in their homeland.”

The property markets of Lahore and Islamabad, in the second and third positions, have been performing strongly this year as well, as evidenced by increased searches on Lamudi.pk.

Samsung ranked 7th among top-100 brands

LAHORE (PR): Samsung Electronics Company Limited - the global technology leader and award winning innovator has, once again, maintained its 7th position in the “Interbrand-2015” global ranking. According to Interbrand; This year too, Samsung’s ‘brand-value’ remained strong and steady at $45 billion.

Interbrand’s Best Global Brands Report is voted to be one of the most influential benchmark studies by business leaders. It offers evaluative insights into how the best global organisations create and manage their brand value. Over the years, Samsung has been consistently securing a high stature in this annual ranking, as it nurtures a strong brand loyalty, by providing unmatched experiences for the consumers.

The Managing Director of Samsung Pakistan –J.H Lee said, “Samsung considers its brand to be a strategic business asset and invests heavily on its brand-building functions, along with consistent innovations and technological breakthroughs. This way, we are gaining on our intellectual-capital. Catering to all major segments of the population, Samsung ensures positive consumer-engagement through its vast network of outlets, while creating new interactive communication-channels for the customers.

Samsung fully realises that the advent of modern telecommunications and hyper connectivity has transformed the art of brand management. An increasingly direct relationship with consumers has enforced a real-time approach to its brand responsiveness.

Samsung’s brand performance has been on the forefront of consumer-centric innovation and design, while increasing its presence in all markets, to achieve continuous sales growth and customer-loyalty. Its diverse range of reliable products, delivers fascinating experiences to enrich the consumer’s lifestyle, empowering them to blend and compete in the modern world, with a feeling of pride for their favorite brand.

Interbrand annually evaluates the value of global brands against 10 principles of brand strength including; Commitment, Protection, Clarity, Responsiveness, Authenticity, Relevance, Presence, Understanding, Consistency and Differentiation. The brands selected for this study are evaluated on their truly global success, transcending geographic and cultural differences. The brand should have the potential to penetrate into the emerging markets of the future. It should reflect world-class financial performance and an immaculate public awareness profile.

LSE team visits Chinese Consulate

Our staff reporter

Lahore - A delegation of the Lahore Chamber of Commerce & Industry, led by its President Sheikh Muhammad Arshad, Wednesday visited the Chinese Consulate in Lahore and had a detailed discussion with the Chinese Consul General Yu Boren regarding two-way trade, investment and visa facilities for the businessmen.

The LCCI Senior Vice President Almas Hyder and Vice President Nasir Saeed also spoke on the occasion at length and threw light on the aspects of joint ventures between the businessmen of the two countries. The LCCI Executive Committee Members were also present on the occasion.

The LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder and Vice President Nasir Saeed while congratulating the Chinese Consul General and other Chinese officials, said that opening  of Chinese Consulate in Lahore is a big breakthrough as it would facilitate the Punjab-based businessmen whose visa requirements would be met with the opening of this new office. The LCCI President Sheikh Mohammad Arshad said that China is a time-tested friend and a very important partner in Pakistan Economic Development and bilateral trade.