Daily Archives: August 9, 2018

United Business Group announces to support BMG in KCCI’s Annual Election

Karachi, August 09, 2018 (PPI-OT): SM Muneer, Patron-in-Chief of United Business Group (UBG), which governs the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and Zubair Tufail, Secretary General UBG have announced to fully support Businessmen Group (BMG) in the forthcoming Annual Election of Karachi Chamber of Commerce and Industry (KCCI) scheduled to be staged on September 15, 2018.

In this regard, SM Muneer said, “We will be extending full support to Siraj Kassam Teli in KCCI’s Annual Election because he along with his team have carried out splendid work from Karachi Chamber’s platform and have strived really hard in the larger interest of the Business and Industrial Community.”

SM Muneer said that Siraj Teli, who is like a younger brother to him, has been vigorously serving the entire business and industrial community without any discrimination which is the basic reason why our group has extended full support to Siraj Teli in KCCI’s Election.

Meanwhile, Zubair Tufail, Secretary General UBG and Former President FPCCI, while referring to the announcement made by SM Muneer to fully support Siraj Teli’s Businessmen Group, said, “We are with the Patron-in-Chief of our Group who announced to support BMG.”

While categorically renouncing the unpopular Patriot Business Group’s claims of having UBG’s support in KCCI’s election which are widely circulating in social media nowadays, Zubair Tufail completely disowned all such false announcements circulating in the social media which have been attributed to him and said that these statements are a ‘sheer conspiracy’ to mislead the business community.

Patron-in-Chief UBG SM Muneer, Chairman UBG Iftikhar Ali Malik and Secretary General UBG Zubair Malik have requested all members and supporters of UBG to fully support Siraj Kassam Teli’s Group so that Businessmen Group thrashes the opponent Patriot Business Group in KCCI’s forthcoming Election.

For more information, contact:
United Business Group (UBG)
Room No: 203, Second Floor,
Aiwan-e-Sanat Plot No.ST-4/2, Sector 23,
Korangi Industrial Area, Karachi, Pakistan
Tel: +92-21 35062200
Cell: +92-321-8261426

OLX and CarFirst Launch Pakistan’s First Live Auction Platform for Used Cars

Lahore, August 09, 2018 (PPI-OT): OLX, the No. 1 app in auto classifieds and CarFirst, a leading used-car trading platform, are set to launch Pakistan’s first ever ‘Used Car Live Auction Platform’. The first used car live auction will take place at the ‘OLX CarFirst Car Bazaar’ happening at the Expo Center Karachi on the 12th of August 2018.

Attendees will be able to trade their used cars in the most secure, convenient, and transparent manner. Car owners will be able to sell their used cars hassle-free, while car buyers will get access to CarFirst Partner Dealer inventory and drive home a Certified Used Car. Car owners can also pre-book free inspections and appointments to sell their car at www.carfirst.com.

PSO has joined CarFirst as its title sponsor. Other partners include UBL Insurers Limited, Adamjee Insurance, and Suzuki Margalla Motors. The OLX CarFirst Car Bazaar will have good financing and insurance deals, fun outdoor activities, food stalls, and special giveaways for families, while car sellers will also get a chance to win a CarFirst-certified Daihatsu Mira.

Raja Murad Khan, CEO, and Co-Founder of CarFirst said,

“We are pleased to announce a first of its kind event for used cars in Pakistan, in response to our customers and partner dealer’s popular demand. As a part of OLX and CarFirst’s commitment to revolutionize car trading, we are proud to share our latest innovation, ‘Used Cars Live Auction’, and are confident that it will add immense value and excitement to the car trading process.”

Bilal Bajwa, CEO of OLX Pakistan said,

“OLX and CarFirst are revolutionizing the way people buy and sell cars in Pakistan whether it is online or offline. A few months ago OLX announced a major investment in CarFirst and now we are proud to bring you Car Bazaar! Car Bazaar is a fantastic fun-filled event for anyone interested in buying/selling cars. There will be a live auction for sellers interested in getting the best price for their car – this will be the first time such a live auction has ever taken place in Pakistan. For those looking to buy, there will be many certified cars on display for purchase. In addition, people can avail amazing financing and insurance deals during the event. Hope to see you at Car Bazaar and stay tuned for more exciting stuff in the Auto space”.

CarFirst is a first of its kind used-car online auction and trading platform, with a nationwide network of purchase centers and warehouses. CarFirst was founded in 2016 and has been the recipient of the largest Series ‘A’ investment in Pakistan from FCG, and the largest Series ‘B’ investment from OLX Group. CarFirst aims to revolutionize the way cars are traded in Pakistan by offering comprehensive solutions for all things related to cars, such as evaluation, certification, financing, insurance, live auctions, and many more.

OLX is the world’s largest online buying and selling platform powered by a team of 5,000 people, working on 17 brands, from 35 offices across five continents and 40 countries. In Pakistan, OLX is the No.1 Marketplace across 14 different categories. OLX gets more than 150,000 car listings every month/5000 in a day; which is 10 times bigger than any other player operating in Pakistan. OLX generates more than 20 Million page views in a day having 5 million App downloads.

For more information, contact:
CarFirst
1st Floor, MM Tower, 28 A/K Gulberg II, Lahore, Pakistan
Tel: +92-42-35817671
Tel: +92-304-1111-CAR (227)
Website: www.carfirst.com

Pakistan Navy Ship ASLAT visits to Hamburg Germany

Islamabad, August 09, 2018 (PPI-OT): Pakistan Navy Ship ASLAT, a F-22P Frigate with embarked helicopter, called on Hamburg, Germany as part of Overseas Deployment to Mediterranean and European Countries for a 3 day visit. Upon arrival at Port, PNS ASLAT was warmly welcomed and received by representative from Pakistan’s Mission at Germany and officials of the Hamburg Regional Command. Ship’s Port Call was fully capitalized in terms of professional and social interactions with the host country.

PN Mission Cdr along with Commanding Officer and Naval Attache held meetings with Vice Admiral Andreas Krause Chief of German Navy, Rear Admiral Thorsten Kahler, Chief of Staff German Navy, Councillor of State of Hamburg and Commanding Officer Regional Command Hamburg. H.E Ambassador of Pakistan to Germany was also present on the occasions. Moreover, Mission Commander along with Commanding Officer and Naval Attaché laid wreath at Naval Memorial Laboe, Kiel. The ceremony was attended by large number of Officers/ CPOs and Sailors from the ship.

During the interactions, enormous goodwill and warmth was expressed by German authorities for the people of Pakistan in general and Pakistan Armed Forces in particular. Ship also hosted a reception at Hamburg which was attended by large number of notable Pakistani and German officials.

Vice Admiral Joachim Ruhle, Vice Chief of Defence Staff, Vice Admiral Axel Schimpf Former Chief of German Navy, Director Material Command and Control Services German Navy, H.E Ambassador of Pakistan, Counsel Generals of Argentina, China, Colombia, New Zealand, Russian Federation, Venezuela, Defence Attaches of Kuwait, South Korea and Ukraine, Desk Officers Military Policy (Asia Pacific and South Asia), prominent local community and Pakistan Diaspora along with students undergoing various graduation programs in Germany attended the Dinner. Ship was also opened for visitors and a large numbers of local populace and Pakistani expatriates visited the ship.

Naval Forces have historically played a pivotal role in strengthening the bonds of friendship between nations through goodwill visits and port calls. In the same context, maiden Port Call to Hamburg, Germany by ASLAT will not only prove supportive in achieving Pakistan’s Foreign Policy Objectives but also foster Navy to Navy relations and will go a long way in improving diplomatic and military ties between Pakistan and Federal Republic of Germany.

For more information, contact:
Directorate of Public Relations,
Pakistan Navy
Naval Headquarters, Islamabad, Pakistan
Tel: +92-51-20062326
Cell: +92-300-8506486
Website: www.paknavy.gov.pk

14th August declared as Public Holiday

Karachi, August 09, 2018 (PPI-OT): The Government of Sindh, has declared 14th August 2018 (Tuesday) as Public Holiday throughout the Province of Sindh on the occasion of Independence Day for all Government offices, Autonomous, Semi-Autonomous Bodies, Corporations and Local Councils under the Administrative Control of Government of Sindh, except essential services.

For more information, contact:
Information and Archives Department
Directorate of Press Information
Government of Sindh
95-Sindh Secretariat 4-B, Karachi, Pakistan
Tel: +92-21-99204423, +92-21-99204401
Email: pressinformationzubair@gmail.com
Website: http://sindhinformation.gos.pk

State Bank of Pakistan conducts Open Market Operation

Karachi, August 09, 2018 (PPI-OT): State Bank of Pakistan conducted its Open Market Operation, Reverse Repo Purchase (Injection), in following contracts on August 9, 2018. Quotes received and accepted are as given below:

A: OMOs

      NO           OMO Tenor                Range        Number of Quotes Offered


      1      08 ­ Days (Injection)      7.58% - 7.55%              13


B: OMO RESULT
                                                                          (Rs. in Millions)

                                                           Rate of Return
                              Amount           Amount                         Number of
 NO        OMO Tenor                                          Accepted
                              Offered          Accepted                     Quotes Accepted
                                                              (% p.a.)

 1         08 ­ Days         240,050.00       240,050.00        7.55              13


       Total                 240,050.00       240,050.00

For more information, contact:
Chief Spokesman,
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: chief.spokesperson@sbp.org.pk
Website: www.sbp.org.pk

Glowing tributes paid to Sheikh Abdul Aziz in IOK

Srinagar, August 09, 2018 (PPI-OT): In occupied Kashmir, Hurriyat leaders have paid glowing tributes to prominent martyred leader, Sheikh Abdul Aziz ahead of his martyrdom anniversary. The spokesman of Jammu and Kashmir Democratic Freedom Party in a statement issued in Srinagar said Sheikh Abdul Aziz is an asset of the ongoing resistance movement. He was a long-time friend and well-wisher of illegally detained DFP Chairman, Shabbir Ahmad Shah.

He said Sheikh Abdul Aziz and Shabbir Ahmad Shah spent lot of time together and faced hardships jointly in the way of freedom. Both the leaders led historical ‘Muzaffarabad Challo’ march during 2008 uprising in which Sheikh Abdul Aziz was martyred by the men in uniform near Chahel Uri on August 11, 2008.

The spokesman while paying tributes to Sheikh Abdul Aziz said that he had dedicated his life to the great cause of freedom. He was an enthusiastic freedom-loving youth who played an active role in forming pro-freedom groups and parties. He did not hesitate in leading the brave hearts on forefront and when his services were needed at political front, he proved his worth.

Illegally detained Veteran Hurriyat leader, Ghulam Mohammad Khan Sopori in a statement issued in Srinagar, also paid tributes to Sheikh Abdul Aziz. He reiterated that the sacred mission of martyrs like Sheikh Abdul Aziz would be taken forward at any cost. He said martyrs like Sheikh Abdul Aziz are the real assets and torch-bearers of the ongoing freedom struggle.

Jammu and Kashmir Peoples League Chairman Mukhtar Ahmad Waza while addressing different public meetings in Islamabad district paid rich tributes to Sheikh Abdul Aziz. He asked for peaceful settlement of the Kashmir dispute. He was accompanied by Nisar Ahmad Rather, Shabbir Ahmad, Padder and Javaid Ahmad Wani. Hurriyat leader Muhammad Shaif in a statement also paid tributes to Sheikh Abdul Aziz on his 10th martyrdom anniversary.

For more information, contact:
Kashmir Media Service
Phone: +92-51-4435548, +92-51-4435549
Fax: +92-51-4861736
Email: info@kmsnews.org
Website: www.kmsnews.org