Author Archives: Economic Outlook

Industrial Revolution: SPEL Pakistan Goes Robotic

Lahore, January 21, 2019 (PPI-OT): SPEL Pakistan has become first Pakistani industrial group to have installed robots to work its assembly lines. The industrial robotic system was jointly inaugurated by the President and Chief Executive Officer of Honda Cars Pakistan Limited Hironbou Yoshimura and the LCCI President Almas Hyder on Saturday. CEO SPEL Zia Hyder Naqi, Vice President Production of Atlas Honda Cars Pakistan Limited Kenichi Matsuo, Assistant Vice President M. Ashraf, General Manager Asif Mehmood, Advisor to Chief Engineer Quality Toshinori Awaya, Senior Manager Purchasing Shinji Shinozawa.

Honda Cars Pakistan Limited Hironbou Yoshimura said that installation of industrial robotic system is an impressive initiative. He said that auto market of Pakistan has huge potential. He said that they want to enhance business in Pakistan as despite some challenges, customer demand is still there.

The LCCI President Almas Hyder said that the global industrial robot market is expected to reach at the growth rate of around 9% as need for automation is rising. He said Robotics and Automation are key areas of focus, both as a Potential New Growth Area, and as Enablers to Help Our Enterprises Adopt Advanced Manufacturing Processes to Increase Productivity.

“We live in an era where robotics and automation technology have brought fundamental changes in industries”, Almas Hyder added and said that advantages commonly attributed to automation include higher production rates and increased productivity, more efficient use of materials, better product quality, improved safety, shorter workweeks for labour, and reduced factory lead times.

Higher output and increased productivity have been two of the biggest reasons in justifying the use of automation. Despite the claims of high quality from good workmanship by humans, automated systems typically perform the manufacturing process with less variability than human workers, resulting in greater control and consistency of product quality. Also, increased process control makes more efficient use of materials, resulting in less scrap.

About SPEL, Almas Hyder said, the company was produced miracles after its foundation and introduced many items first time in Pakistan. He said that difference between filer and non-filer is shrinking the auto market as non-filer cannot purchase vehicles. He said that a large people from Gilgit Baltistan, Triable areas and from agriculture sector do not need to file returns. They should be allowed to purchase vehicles.

The LCCI President said that SPEL Group has laid a foundation by installing industrial robotic system and other sectors should follow the footprints as future is connected with technological advancement. CEO SPEL Group Zia Hyder said that it has been a fruitful journey as SPEL group contributed to the national economy as it started exports in 70s. He said that we are focusing to invest in technology and human resources.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: http://www.lcci.com.pk/

ICCI calls for early development of SEZ in Islamabad

Islamabad, January 21, 2019 (PPI-OT): The Islamabad Chamber of Commerce and Industry has called upon the government to consider early ground-breaking of Special Economic Zone under CPEC in Islamabad in order to boost industrial and investment activities in the region.

Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce and Industry said that Prime Minister Imran Khan during a recent meeting held to review progress on CPEC was informed that Rashakai-KP, Dhabeji-Sindh and M-3 Faisalabad-Punjab SEZs would be ready for ground-breaking by June this year, which was very encouraging. However, he said that ground-breaking of IT SEZ in Islamabad could get unnecessarily delay as the government has not selected any site or acquired land for this project so far. He urged that government should strictly follow the timelines set for the development of prioritized SEZs to complete them on time.

Ahmed Hassan Moughal said that China had shown interest to establish over 100 SEZs in Pakistan under CPEC, but it was unfortunate that due to lack of interest from Pakistan side, only 9 SEZs have been approved so far for development. He said that development of more SEZs under CPEC was of paramount importance to promote investment, industrialization and employment generation in Pakistan. He emphasized that government should consider increasing SEZs under CPEC to maximize their benefits for the economy. He said development of more SEZs under CPEC would also put Pakistan on the path of sustainable industrial growth and urged that government should pay priority attention to this issue.

Rafat Farid Senior Vice President and Iftikhar Anwar Sethi Vice President, Islamabad Chamber of Commerce and Industry said that government should provide level playing field to local and foreign investors for JVs and investment in SEZs under CPEC so that indigenous industry could also flourish by investing in these Zones. They said that government should allow duty free import of industrial machinery and technology in the forthcoming mini-budget to facilitate industry in up-gradation and enable it to compete more effectively for JVs in SEZs.

They said that Pakistan was mostly depending on textiles and few other products for exports due to which the export base of the country could not be expanded. They were of the view that allowing duty free import of machinery and technology would help in production of value added products and making significant increase in exports.

For more information, contact:
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1, Islamabad, Pakistan
Tel: +92-51-2250526, 2253145, 8432676
Fax: +92-51-2252950
Email: icci@brain.net.pk, info@icci.com.pk
Website: www.icci.com.pk

PTCL hosts startups from National Incubation Center, Peshawar

Karachi, January 21, 2019 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL), hosted startups and entrepreneurs from National Incubation Center (NIC), Peshawar, who presented their ideas, business models and prototypes to the senior management at PTCL Headquarters in Islamabad.

The session was led by Dr. Daniel Ritz, President and CEO, PTCL, along with senior executives of PTCL. Murtaza Zaidi, Director, NIC Peshawar, participated with top startups including E-Guard, Azadi E-Bike, Darewro, Bera, Eleven.pk and NANO IT Solutions.

The purpose of the session was to encourage young entrepreneurs, who are the future of Pakistan to strengthen the entrepreneurial ecosystem of the country. The interactive session covered presentations on idea viability to market sustainability, defined target market, business model, brand positioning and marketing capability.

On the occasion, Dr. Daniel Ritz, President and CEO, PTCL, said, “We are proud to collaborate with NIC Peshawar to empower the youth and provide an entrepreneurial environment for innovation. Today’s session is a testimony to PTCL’s commitment to nurture the potential talent in Pakistan.”

On the occasion, Murtaza Zaidi, Director, NIC Peshawar, said, “I’m excited about our collaboration with PTCL, as they have not only provided the opportunity to cultivate local entrepreneurs and startups, but they have also been involved in the journey from participating in mentor review sessions to taking specific startups under their mentorship.”

The startups incubated at NIC Peshawar included E-Guard, robust monitoring system for electric generators, Azadi E-Bike, an electric bike that operates on a battery, Darewro, a door-to-door service provider in the KPK region, Bera, a brand that is working to introduce the Peshawari chappal into mainstream fashion, Eleven.pk, an online retail platform and NANO IT Solutions, a VR-driven motion platform.

PTCL has also collaborated with NIC Karachi last year to mentor new startups and young entrepreneurs. These collaborations with NIC empower the startup culture in Pakistan, which is essential to boost the economy of the country. Not only does this enable startups to rebuild the infrastructure of Karachi and Peshawar in an innovative way, but also helps to improve quality of life for all citizens. Being a national company, PTCL believes in providing opportunities to the youth and developing their talents for the future of Pakistan.

For more information, contact:
Pakistan Telecommunication Company Limited (PTCL)
F-8 Exchange, Nazim-Ud-Din Road F-8/1,
Islamabad, Pakistan
Tel: +92-51-111-20-20-20
Fax: +92-51-111-21-21-21
Email: shahzad.khalil@ptcl.net.pk
Website: www.ptcl.com.pk

Jazz reducing electricity line losses with GSMA, CISNR, and PESCO

Karachi, January 21, 2019 (PPI-OT): Jazz, Pakistan’s leading digital communications company, has been awarded the prestigious GSMA Mobile for Development Utilities Innovation Fund, launched in June 2013 to test and scale the use of mobile to improve or increase access to energy, water and sanitation services.

The grant was awarded to Jazz’s for their “Energy and Line Losses Reduction in Pakistan” idea in collaboration with Centre for Intelligent Systems and Network Research (CISNR) and Peshawar Electric Supply Company (PESCO), which uses an indigenous solution developed by their partner, CISNR, to address the biggest issue being faced by local power distribution sector; line losses and electricity theft.

Jazz has been successful in securing the seed grant after an extensive evaluation and due diligence exercise carried out by GSMA among multiple organizations from various markets. Not only telecom operators but technology innovators and development organizations from Africa and Asian regions were part of the competition, as well.

“Empowering customers digitally is no small feat and requires constant reinvention and innovation. This is another commitment to that philosophy to address ease for masses as they access important utility services,” said Ali Naseer, Chief Corporate and Enterprise Officer – Jazz. He continued, “We have partnered with GSMA for Energy and Line Loss Reduction Solution in order to improve the overall power distribution sector.”

Jazz aims to ensure that the digitization of these utilities improved the quality of life for Pakistanis. The solution utilized the connectivity provided by Jazz to remotely monitor and manage distribution boxes, transformers and grid station feeders to ensure a more efficient and precise process that identifies points of failures, faulty lines and theft locations.

The seed fund is to be used to source and install the devices in selected subdivisions of PESCO. CISNR will be responsible for the device units (Transfocure and Electrocure), whereas infrastructure hosting and connectivity would be provided by Jazz. In addition to this, it will also address challenges such as load management at the transformer level and consumption wise distribution in order to optimize the distribution network.

Successful execution and scale through this grant will surely prove to be a strong case for all other distribution companies, which are still not able to come up with a standardized solution to address the on grid-power distribution issues in Pakistan.

For more information, contact:
Manager – Corporate Communications
Mobilink
42, Kulsum Plaza, Blue Area,
Islamabad, Pakistan
Phone +92-51-2273984, 0301 822 9546
Email: hussain.talib@mobilink.net
UAN +92-51-111300300

Concept of Time Management is required to be adopted as pre-requisite of industry to handle increased cost of doing business in Pakistan

Lahore, January 21, 2019 (PPI-OT): The concept of Time Management is required to be adopted as a pre-requisite of the industry to handle the increased cost of doing business in Pakistan. It was observed by the speakers at a training program organized by Pakistan Chemical Manufacturers Association (PCMA) today at PCMA head office. The speakers included Mr. Ahmad Lateef, an International Time Management Expert, Syed Iqbal Kidwai, Chief Operating Officer of PCMA and a number of the practitioners of Time Management.

Representatives from various chemical industries of Pakistan including Nimir Chemicals, CHT Pakistan, Dynea Pakistan Limited, Nimir Resins, Descon Oxychem, Nimir Industrial Pakistan, Pharmagen, and DIC Pakistan Ltd attended the workshop. A good number of professionals related to the field of Operation management, Marketing and Human Resource Department also participated in the event.

PCMA Secretary General and COO Iqbal Kidwai, in his address of welcome, informed that the concept of time management has become a basic need in the countries like Pakistan, who are losing competitive edge due to increased cost of industrial production. He was confident that the training workshop would help PCMA members to reduce the cost of production with the increased productivity.

Mr. Ahmad Latif said that Time Management had emerged as a science in the developed world to increase productivity and meet production targets of the industry, which should also be learnt by the local industry in Pakistan. He gave a detailed presentation on concepts of how not to be late for any commitments “The Art of Never Being Late”, how to prioritize your work on daily basis by introducing Eisenhower Grid and Time Quadrants. The main focus of his presentation was how to create long term visions and to guard all promises and commitments. During this training participants learn how to improve quality of work by focusing on task-on-hands by creating a road map to manage time and life.

The other speakers of the workshop were of the common view that Time Management is a useful management program focused on decision making in line with the respective company’s vision. They highlighted the best practices to be exercised by developed world to reduce stress, increase determination and control by better handling of emergencies. It is notable that the key speaker Mr. Ahmed Lateef, having done MBA from LUMS has been working in various developed countries for 25 years as Operation Management Expert.

For more information, contact:
Pakistan Chemical Manufacturers Association (PCMA)
407-Eden Heights, Jail Road, Gulberg, Lahore, Pakistan
Tel: +92-42-35786867
E-mail: bds@pcma.org.pk
Website: www.pcma.org.pk

SalamWeb Technologies MY Introduces World’s First Shariah Compliant Internet Suite of Services

  • Endorsed by Amanie Shariah Supervisory Board; in conformity with MDEC’s Islamic Digital Economy Mi’yar
  • Rolls out a new range of everyday web services that matter most to consumers, from news, lifestyle content and community engagement

KUALA LUMPUR, MALAYSIA – Media OutReach  – January 21, 2019 – SalamWeb Technologies MY Sdn. Bhd. (SalamWeb), an Islamic based Internet suite of services, today unveiled a digital ecosystem for Muslims around the globe to discover, connect, and contribute in a free, safe online environment. Inspired by the universal desire for authentic, positive online experiences, SalamWeb is introducing a range of connected Internet services including SalamWeb Browser, SalamNews, SalamChat and SalamSadaqah. https://lh3.googleusercontent.com/hFy4Y_BVyrWarNUHEx9yj_-VNar0qstgAb999WPvOzDMSg9HTnHAwK5XyK71l9CckJVzpFQ6BC6GgSQbGGlw=w1440-h760

Endorsed by Amanie Shariah Supervisory Board, in conformity with Malaysia Digital Economy Corporation’s (MDEC’s) Islamic Digital Economy Mi’yar, SalamWeb’s products have been thoughtfully designed to optimize the Islamic way of life. SalamWeb Browser has inbuilt features such as a Qibla compass, prayer timings and a custom news feed aggregated from verified news sources. An important feature of the SalamWeb Browser is the SalamProtect, an advanced content filter that is customized to an individual’s way of life.

SalamProtect alerts users on inappropriate content, allowing them an option to either continue ahead or withdraw from the content. This includes content which could be potentially explicit, offensive or fraudulent. SalamProtect also allows users to assign a SalamTag to a website – appropriate, neutral or inappropriate. Each SalamTag received is reviewed against our internal process and guidelines to ensure fairness. The more webpages a user SalamTags, the better SalamWeb’s content aggregator works. Through this feature, we deliver curated content that matches your SalamTags. By involving the community to tag content they deem appropriate or inappropriate, SalamProtect not only allow users to be in complete control of their online experience but helps build a safer and secure like-minded digital Ummah.

Another important feature is SalamSadaqah which incorporates the Islamic practice of Sadaqah (voluntary charity) to the Internet browsing experience. To encourage the community to be part of the SalamWeb experience, each web search or content report made by users, will be matched to a donation amount made by SalamWeb. With SalamSadaqah, users can convert their everyday Internet experience to a charitable cause.

Speaking at the launch ceremony, Puan Hajjah Hasni Zarina, Managing Director of Salam Web Technologies MY Sdn. Bhd., said “Our mission is to give people the power to build a digital Ummah and bring the world closer together. SalamWeb aims to empower the global Muslim and help them lead a digital life which is consistent with their values and beliefs. We strongly believe in the power of the community and with our products, users have the choice to browse content that matters the most to them and have an online experience that is customized for their way of life. We work with both local and global partners to ensure our products are in line with Islamic values while also embracing the lifestyle of modern Muslims.”

The launch of SalamWeb was attended by local and global industry thought leaders, influencers and keynote speaker of notable Islamic scholar, Sheikh Dr. Mohamed Ali Elgari, an advisor to several Islamic financial institutions throughout the world and is also on the Shariah board of the Dow Jones Islamic index. Along with Puan Hajjah Hasni Zarina, Managing Director of Salam Web Technologies MY Sdn. Bhd., Datuk Dr. Mohd Daud Bakar, Chairman of Amanie Group, Norhizam bin Abdul Kadir, Vice President, Growth Ecosystem Development of Malaysia Digital Economy Corporation’s (MDEC), Nurul Zulkifli, Managing Director of Mimpikita and Fashion Entrepreneur and Caprice, Artist and Influencer were present during the launch.

Norhizam Abdul Kadir, Vice President, Growth Ecosystem Development of Malaysian Digital Economy (MDEC) commented: “Internet and mobile phones have become pervasive in day to day life with Malaysians spending much of their time online – be it for entertainment, business or education. The launch of this new suite of services is aligned with the Government’s spirit of inspiring an Islamic digital ecosystem, one that fosters the positive sharing of Islamic values. This will help play a part in building an Islamic Digital Economy with a balance between technology and maintaining a practical understanding of Malaysians needs.”

Launched in Malaysia, SalamWeb products are available worldwide to anyone, anywhere and can be downloaded from https://salamweb.com/. Members can now browse the Internet with SalamWeb Browser, chat with their friends through SalamChat, get updated with world events through SalamNews, all designed to help Muslims focus on content which matters the most.

About Salam Web Technologies MY Sdn. Bhd. 

SalamWeb Technologies MY Sdn. Bhd (SalamWeb Technologies) is an Islamic based Internet suite of services – SalamWeb Browser, SalamChat, SalamProtect and SalamSadaqah. The company provides access to a safe and positive online experience by blocking harmful content and ensures enhanced privacy while browsing what matters. SalamWeb Browser is the world’s first shariah compliant browser endorsed by Amanie Group and the International Shariah Supervisory Board, in conformity with Malaysia Digital Economy Corporation’s (MDEC) Islamic Digital Economy Mi’yar.

For more information, please visit www.salambrowser.com.

This press release is issued by essence Burson-Marsteller on behalf of Salam Web Technologies MY Sdn. Bhd.

For media enquiries, please contact:

Al-Fadzriq

Senior PR Executive, essence Burson-Marsteller
T: +603 7493 5588 | alfadzriq@my-essence.com

Aditi Srivastava

PR Consultant, essence Burson-Marsteller
T: +603 7493 5588 I aditi@my-essence.com