Daily Archives: September 3, 2018

Finance Minister urges to translate Prime Minister’s sincere wishes for SME Sector

Karachi, September 03, 2018 (PPI-OT): The president of the Union of Small and Medium Enterprises (UNISAME) Zulfikar Thaver invited the attention of Asad Umer federal finance minister (FM) to the need for level playing field for the SMEs and urged him to ensure facilities, support and encouragement for the sector on priority basis as identified by prime minister (PM) Imran Khan both before and after being elected PM. UNISAME is awaiting action on the sincere wishes of the PM to uplift the sector.

Speaking on a local television channel today he highlighted the grievances of the sector and complained of step motherly treatment for the SMEs because of lack of support for marketing and technical up gradation. The sector needs access to finance, support for installing alternate energy, marketing support to enter global markets, technical support to upgrade and incentives for innovative industries.

Thaver said Asad Umer by virtue of being the FM has become the chairman of the National Financial Inclusion Strategy (NFIS) which aims at financial access to every segment. The NFIS also has an agenda for capacity building of the SMEs and all stakeholders in SME promotion and development. It is therefore incumbent on the partners of NFIS leadership namely World Bank, State Bank of Pakistan (SBP) and the Ministry of Finance (MoF) to implement the strategy.

The working group of capacity building under the NFIS recommended strengthening of the Small and Medium Enterprises Development Authority (SMEDA) and immediate increase in its size and scope to outreach the SMEs all over Pakistan. It also recommended training in risk management for commercial banks.

UNISAME has submitted road map for working from grass root level. The primary sector which is the source of all raw material needs to modernize. The secondary sector which does the value addition needs to fill the technological gap and the tertiary sector also called the services sector needs to be facilitated.

The SME units need land at concession under ‘pay as you earn schemes’, uninterrupted energy, reduction of duties on raw material, logistics, marketing support from Trade Development Authority of Pakistan (TDAP) and technological support from Engineering Development Board (EDB) and the Pakistan Council of Scientific and Industrial Research (PCSIR).

The training of trainers (ToT) and Centre of Excellence are tools for sharpening the efficiency of institutions serving the sector and this could be managed by the National Institute of Business and Finance (NIBAF). The SMEs have high expectations from the new government and time is the essence as the challenges are many due to global down-slide in global buying and remaining competitive. UNISAME therefore urges the FM to act fast and form a co-ordination committee under NFIS for fast track promotion and integrated efforts of SBP, SMEDA, TDAP, EDB, PCSIR, NIBAF and UNISAME.

For more information, contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Tel: +92-21-35884225-6
Fax: +92-21-35380642
Cell: +92-300-8245307, +92-321-8245307
Email: unisame@gmail.com

Zong hits 8 million 4G subscribers milestone

Islamabad, September 03, 2018 (PPI-OT): Zong 4G has asserted its position as the market leader with the highest number of 4G subscribers throughout the country. The company has achieved another milestone by crossing the prolific 8 million 4G subscriber mark. With its superior 4G, Zong is being preferred by more people every day and it is welcoming them to join their 4G family.

The company’s spokesperson said, “We are delighted and proud that Zong 4G has reached more than 8 million 4G customers milestone. Our 4G network is constantly growing to ensure that connectivity reaches the farthest corners of Pakistan. Through our investments we have upgraded most of our sites to 4G to deliver greater reliability, speed, and performance. We are offering more value to our customers through our top-notch services and innovative digital solutions. Thus, Pakistan’s No.1 Data Network remains at the forefront to meet the growing needs of our new age customers.”

So far Zong 4G covers mainstream urban areas, suburban and rural belt with uninterrupted access through its 4G coverage. Zong 4G’s connectivity has been playing a pivotal role in transforming the digital landscape of country by empowering millions of people with Pakistan’s No.1 Data Network.

For more information, contact:
ZONG
ZONG Headquarters
CMPak Complex, Plot# 47,
Kuri Road, National Park Road,
Chak Shahzad, Islamabad, Pakistan
Tel: +92-51-111-222-111
Fax: +92-51-111-031-031
Website: www.zong.com.pk

16th International Engineering and Machinery, Food and Rice Technology and Halal Food Asia International Exhibitions inaugurated

Lahore, September 03, 2018 (PPI-OT): Mian Muhammad Aslam Iqbal, Punjab Minister for Industries and Commerce and Mr. Murad Raas, Provincial Minister for Schools Education inaugurated the 16th Int’l Engineering and Machinery, Food and Rice Technology and Halal Food Asia International Exhibitions respectively under aegis of the E-Commerce Gateway and Pakistan China Joint Chamber of Commerce and Industry today at Lahore Expo Center. The three-day Exhibitions would remain opened from today till September 3, 2018, which will also cater the Business to Business (B2B) meetings for probable joint ventures.

Mian. Aslam Iqbal, Minister of Industry, Commerce and Investment while addressing the media said that the collaboration of Chinese companies with Pakistani companies would yield promising results and bring instrumental in relocating China’s manufacturing facilities to Pakistan. He underlined that the successful operation for technology transfer from China to Pakistan needed specialized technical institutions which will be the prime focus of the new government by training youth for employment generation.

Dr. Murad Raas, Provincial Minister for Schools Education, expressed his government’s stance on providing one-stop solution to foreign investors under one roof. He said that with the escalation of labour cost and other cost of doing business in China, this is the right time for Pakistani manufacturers to do joint ventures for acquiring state of the art technology, financial and human capital and huge market orders from the nooks and corners of the globe.

Mr. S.M. Naveed, President Pakistan China Joint Chamber of Commerce and Industry and Dr. Khursheed Nizam, President Ecommerce Gateway Pakistan, while expressing their views on this occasion, were quite optimistic for the success of these two exhibitions. It is notable that over 150 delegates from 11 countries including China, UK USA Germany, Italy, Switzerland, Iran and Singapore were participating in the three-day exhibitions. The exhibitions have showcased over 150 products at 350 stalls.

For more information, contact:
Media Manager,
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan
Tel: +92-42-35777460-02, +92-42-37032203, +92-42-35874353
Fax: +92-42-35777524
Cell: +92-324-4925611
Email: info@pcjcci.org
Website: www.pcjcci.org

Careem’s Global Network of Captains Hits One Million

Karachi, September 03, 2018 (PPI-OT): Careem has officially announced surpassing one million captains on their platform. Careem, the region’s leading ride-hailing app and only tech unicorn with presence in more than 100 cities across 14 countries is now one of the biggest tech job creators in the region with Pakistan being one of the largest markets in the network.

The company set a target to have one million Captains and Captainahs on its platform by 2018 and today they announced they achieved this target one quarter early. Careem is said to be creating between 60,000 and 70,000 jobs per month across its regional footprint. Careem entered the Pakistani market in 2016 with an ambition to create 1 million jobs in Pakistan by the end of 2020 and we are well in-line to achieve that target.

Captains and Captainahs (which is a title Careem has given to all their drivers, as a form of respect) are the bloodline of the organization and have a range of programs across the network to help boost their morale and growth.

“We are humbled about achieving our target of creating one million jobs in the region,” Mudassir Sheikha, CEO and Cofounder of Careem said. “We started Careem with a mission to simplify and improve the lives of people. Whilst we wanted to solve local problems with reliable transportation and help people get from A to B, we also wanted to address the high rate of unemployment. We truly believe that our region has untapped potential and resources, and our expansion to 100+ cities in under six years is testament to that. So four years ago, we set ourselves a target of creating one million jobs and here we are.”

Careem’s strategy when hiring Captains is to invest in their long term wellbeing. This means training them on their day to day services as well as beyond the car. To ensure this is successful, the company has created a special Captain Experience team dedicated to understanding the needs of Captains across the network.

“At Careem, we’re crazy about Captains and so, we practice treating our Captains like our customers. This is why we have a specific app for them that is different from the customer app, which allows them to accept rides, rate passengers and request for on-demand help,” said Johan Persson, VP of Captain Experience.

“We also have Captain operation centres in all our major cities which serves as a hub for Captain trainings, problem solving and feedback and dedicated 24/7 protection through our all centers – no other ride-hailing company in the region does that! Our aim is to simplify and improve the lives of people, especially our Captains and so we try to provide them with trainings and programs (based on their feedback) that will enrich their lives.”

As part of its commitment to safety and security, Careem also provides its Captains with health insurance schemes and inride insurance. “In the past six years, our Captains have taken passengers on more than 310 million trips with a total driven distance of over 6.6 billion kilometres – that’s the equivalent of to the moon almost 18000 times which is an integral value of ours here at Careem – going above and beyond for our Captains so that they take care of our 24 million users across our 14 countries and provide them with the best possible service,” Mudassir Sheikha continued. “We are thankful to our Captains for bringing our mission to life everyday and are excited to open up more job opportunities as far 10and wide as we can in this region we call home.”

The company looks forward to their next target of welcoming 20,000 Captainahs on their platform by 2020. Captain Faisal Saleh from Hail in Saudi Arabia was the one millionth person to sign up to Careem.

For more information, contact:
CAREEM
Tel: +92-21-111 227 336
Email: go@careem.com
Website: https://www.careem.com/karachi

Careem to expand in Sindh; launches services in Sukkur

Sukkur, September 03, 2018 (PPI-OT): Furthering its commitment to provide affordable and hassle-free transport services to entire Pakistan, Careem launched its services in Sukkur, one of the largest cities in Sindh. The company terms the launch its first step towards expanding its footprint in the interior cities of Sindh and plans to launch two more cities in the province by the end of 2018.

Home to 500,000 people, Sukkur is the third largest city in Sindh after Hyderabad and Karachi. Careem, with its recent initiative, looks to facilitate every individual’s transportation needs, especially the working class of the city. The service is reasonably priced and is ideal for a safe and reliable experience. With its Go and bike categories operational in Sukkur, the ride-hailing service will cater to a wide user base and will create jobs for many captains, helping the province towards better living standards.

Sukkur launch brings the company closer to its goals of connecting the smaller cities in Sindh through intercity routes eventually and creating more jobs for the people of the province. Careem entered the Pakistani market in 2016 with the plan to create 1 million jobs by 2020 and it is well in-line to achieve that target.

On the occasion, Asad Khan, General Manager South, Careem Pakistan said, “Careem’s goal is to benefit the maximum number of people in the country through its affordable and reliable services. With ride-hailing now available in another region of Pakistan, we are one step closer to that dream. Careem looks to break more grounds with time and continue to facilitate its growing customer base in Pakistan.”

Moreover, Careem stresses the quality of its services. All captains go through a vigorous screening process and background checks to ensure that the user experience remains immaculate. A customer services and harassment training is also provided to all potential captains before they start driving with Careem.

Now operational in 14 cities, Careem has remained successful in kick-starting a novel industry offering better transportation facilities, and by extension, booming auto sales in the country, only in a short span of two years. Moreover, the company is not only in line with its goal to increase the penetration of its services but also in creating more jobs in the process.

For more information, contact:
CAREEM
Tel: +92-21-111 227 336
Email: go@careem.com
Website: https://www.careem.com/karachi

Board Meeting of Rafhan Maize Products Company Limited

Karachi, Rafhan Maize Products Company Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company will be held on September 10, 2018 at Faisalabad to appoint Chairman and Chief Executive of the Company.

Rafhan Maize Products Company Limited is a company incorporated in Pakistan. The foundations of the company are laid under the Companies Ordinance, 1984. Ingredion Incorporated (Formerly Corn Products International, Inc.) Chicago, U.S.A., holds the majority shares of the company. The Company uses maize as the basic raw material to manufacture and sell a number of industrial products, principal ones being industrial starches, liquid glucose, dextrose, dextrin and gluten meals. It is listed on Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated at Karachi.

The symbol “FDIBL” is being used by the stock exchange for the shares of First Dawood Investment Bank Limited.