Pakistani Fintech startup Creditfix secures seed fundingin a round led by Insitor Partners to provide loans to the unbanked

Pakistani Fintech startup Creditfix secures seed fundingin a round led by Insitor Partners to provide loans to the unbanked


Pakistani Fintech startup Creditfix secures seed funding
in a round led by Insitor Partners to provide loans to the unbanked
The landmark deal marks Insitor Partners’ inaugural investment into Pakistan, and Pakistan's first ever international convertible loan facility.
● The Fintech scene in Pakistan continues to see rapid growth.
● Pakistan remains one of the largest unbanked countries in the world.
● Startups like CreditFix are working towards improving access to basic financial services in emerging markets.

Karachi, June 30, 2021: Creditfix, the Pakistani Fintech startup, has announced that they have secured an undisclosed amount of seed funding in a round led by venture capital fund, Insitor Partners Pte. Ltd. The Singapore-based impact investment firm confirmed this as their inaugural investment into Pakistan.

The landmark deal is the first-of-its-kind in Pakistan’s startup ecosystem, marking the first-ever convertible loan financing from an international investor into a Pakistani company to be approved by the State Bank of Pakistan (SBP). The unsecured convertible loan facility also has on board local investor ACT Group and High Net Worth Individuals. The financing arrangement was announced on June 16, 2021 in Karachi, in the presence of representatives from Creditfix, Insitor Partners, Deosai Ventures and ACT Group. Creditfix has also been assisted by StratLink, an emerging markets focused financial advisory company.
With over 100 million people in Pakistan remaining unbanked, Creditfix was founded in 2018 to offer conventional and Shariah-based lending solutions and financial services, particularly targeting Micro, Small & Medium Enterprises (MSME). By adopting new technology such as Artificial Intelligence (AI) to reduce the operating cost of disbursing loans, Creditfix utilizes its mobile application platform to underwrite and extend asset-backed, productive loans starting from USD 60 to USD 6000.
The CEO and Founder of Creditfix Owaiz Zaidi while highlighting the significance of the deal structure, which promises to open more foreign funding avenues in Pakistan’s startup ecosystem said “We are happy to work with our investors that share our vision of profitability with responsibility and are geared up to show our Risk at Scale ™ framework in action in Pakistan and East African market.”
Hammad Umer, the Pakistan Country Manager for Insitor Partners, a majority female-owned firm, stated:
“We believe CreditFix’s underwriting model can help transform how credit is delivered to micro and small entrepreneurs and self-employed persons. Our goal is to pave the way for cheaper, faster and equitable access to finance for all strata of society. The SBP has been instrumental in making this deal possible by granting special permission, which sets the ground for more foreign convertible loan transactions in the future. We are looking forward to announcing more investments into the ecosystem.”
Mr. Umer has been working closely with Creditfix to implement a number of impact indicators and ESG frameworks to validate and track their progress.
Nicholas Lazos, the Chief Investment Officer of Insitor stated: “Creditfix reinforces our long term commitment to Pakistan and is the first of many more investments into impactful businesses in the Country.We’re pleased to back a high quality team and their innovative approach to provide financial services to the masses”.
Shehryar Hydri, Managing Partner at Deosai Ventures, is impressed by CreditFix’ technology:
"Creditfix is the only Fintech that combines a field-tested proprietary credit scoring model and technology platform with deep knowledge of the consumer lending space. Their team has a unique founder market fit and we're excited to help them scale during a historic boom for this sector."
One of the most pressing areas when it comes to financial inclusion in Pakistan is the gender gap, with Pakistan recently ranked 153/156 on the World Economic Forum's (WEF) Global Gender Gap Report 2021. Mehvish Owais, Creditfix’s spokesperson and shareholder stated: “Our like-minded investors are cementing Creditfix’s mission to empower women in Pakistan through employment creation. Promoting responsible lending rates will pave the way for other Fintechs in the country and abroad to do the same.”

Groundbreaking ceremony of CCI Pakistan‘s seventh production plant held at Haripur, Khyber Pakhtunkhwa

Groundbreaking ceremony of CCI Pakistan‘s seventh production plant held at Haripur, Khyber Pakhtunkhwa

Groundbreaking ceremony of CCI Pakistan‘s seventh production plant held at Haripur, Khyber Pakhtunkhwa


Haripur, June 30, 2021: The groundbreaking ceremony of CCI Pakistan (Coca-Cola Beverages Pakistan Ltd) greenfield production plant in Haripur was held on Wednesday, June 30, 2021, with Chief Minister KP province, Mahmood Khan being the guest of honour. This will be CCI Pakistan’s 7th production plant in Pakistan and the first in the province of KP. The new facility will be set up with an investment of $50 million and will enhance the company’s annual production capacity catering to the growing demand. 

The groundbreaking ceremony was also attended by H.E. İhsan Mustafa Yurdakul, the Turkish Ambassador to Pakistan, Mr. Abdul Karim Khan, Special Assistant to CM, KP on Industry and Commerce, Mr. Taimur Saleem Khan, Minister Finance, KP and other notable guests. Senior management of CCI Pakistan including Mr. Ahmet Kursad Ertin, General Manager at CCI Pakistan and members of the press were also present at the event.        

Speaking at the event, Ahmet Kursad Ertin, General Manager CCI Pakistan said, “CCI Pakistan stands committed to creating value for our stakeholder. Through this greenfield investment, we will not only be enhancing our production capacity to expand our national footprint, but we will also be generating direct and indirect employment for hundreds of people in the province of KP. Furthermore, we will also explore and expand our community uplift projects in the province of KP. Moving forward, we will continue to explore future opportunities and invest in similar projects subject to government’s implementation of level playing field policies.”

CCI Pakistan’s new facility in Haripur will be equipped with state-of-the-art technology and will comply with all required national and international standards. 

CCI Pakistan’s recently conducted Economic Impact study reveals that the company contributes Rs. 30 billion annually in taxation with a tax multiplier of 1.21. The study further reveals that the income generated by CCI Pakistan value chain as a percentage share of GDP stands at 1.95%. CCI Pakistan has also made social investments in community uplift projects.  Through project PAANI, 30 filtration plants have been set up nationwide, providing clean drinking water to over one million people per day. 

Pakistan’s largest IPP - HUBCO appoints Kamran Kamal new CEO

Pakistan’s largest IPP - HUBCO appoints Kamran Kamal new CEO

Pakistan’s largest IPP - HUBCO appoints Kamran Kamal new CEO

Karachi, June 30: Hubco, Pakistan’s largest IPP has announced the appointment of Kamran Kamal as its new CEO. Kamran has succeeded Khalid Mansoor who led the company for eight years.

Kamran has already been a part of Hubco for the past 6 years as the CEO of Laraib Energy Limited, a hydel subsidiary of the Company. Previously, he held the position of Vice President China Power Hub Generation Company (CPHGC), a joint venture between HUBCO & China Power International Holding (CPIH). Kamran’s appointment as the new CEO (from within the Company) is a testament of confidence of Hubco’s shareholders in its home-grown talent.

“Pakistan’s energy landscape is full of possibilities. HUBCO’s unparalleled technical expertise, pioneering approach to business and strategic geographical presence provides us with a unique set of capabilities to realize these possibilities for our country said Kamran Kamal. I am excited to lead HUBCO in transforming our approach to creating long-term shared value without ever losing sight of the future of our society, Kamran added.

Kamran is a competent leader with over 18 years of progressive responsibility and leadership experience in energy, infrastructure, commodities, business development and strategy. He has been responsible for large capital projects, building organizational capabilities and for overall business delivery in both management, executive and Board roles. Kamran holds a Masters from Harvard and a BSE in Electrical Engineering from Georgia Tech, USA.

Previously, Kamran was Commodities Trade Head, Engro EXIMP FZE where he managed Fertiliser, Coal, Oilseeds and Sugar Trading Portfolio. He led the company’s growth into new geographies and commodities portfolio. During his tenure at Engro, Kamran was also involved in major energy & infrastructure projects including Thar Coal Mining & Power Plant, LNG Floating terminal and RLNG based power plant.

Under Kamran’s leadership HUBCO will focus on retaining its position as a market leader by focusing on renewables, merchant market model for the Power Sector and diversification into sustainable solutions. Kamran’s understanding of the Power Sector, regulatory environment and his experience of closely working with key external stakeholders will strengthen Hubco’s standing in the power sector.

Facebook launches newsletter product Bulletin and recruits independent local journalists

Facebook launches newsletter product Bulletin and recruits independent local journalists

Facebook launches newsletter product Bulletin and recruits independent local journalists

Facebook said it would pay $5 million to recruit independent local journalists to write for its new publishing platform.

Facebook Inc launched its newsletter product "Bulletin" on Tuesday, a standalone platform for free and paid articles and podcasts that will aim to rival Substack.

CEO Mark Zuckerberg announced the platform, which is live at Bulletin.com, and introduced some of the writers that the company has recruited in a live audio room on Facebook.

Facebook is pushing to compete in the fast-growing email newsletter trend, as high-profile journalists and writers have left media companies over the past year to strike out on their own.

Self-publishing platform Substack is a leader in helping writers sell email subscriptions, and has lured journalists with cash advances. Other tech companies are also competing in the field, including Twitter Inc, which acquired newsletter platform Revue.

Facebook said it would not take a cut of Bulletin creators' revenue at launch and that creators can choose their own subscription prices. It is launching the platform with a number of high-profile personalities and writers, including sportscaster Erin Andrews, author Malcolm Gladwell and "Queer Eye" star Tan France.

The social network has had a tumultuous relationship with the news industry, which came to a head in February after a showdown with the Australian government over paying news outlets for content. Following the conflict, Facebook pledged to invest $1 billion in the news industry globally over the next three years.

The company said the articles and podcasts would also be available through the Facebook News Feed and through Facebook's News section.

"We built Bulletin on a separate website to enable creators to grow their audience in ways that are not exclusively dependent on the Facebook platform," it said on the new site.

Facebook said it was primarily launching with US creators and it was not accepting new ones at this time. But it said the Bulletin site was available worldwide and it would look to add more international names after the beta test.

In April, Facebook said it would pay $5 million to recruit independent local journalists to write for its new publishing platform. Reuters 

Gerry’s dnata becomes first to achieve GDP certification for pharmaceutical cargo in Pakistan

Gerry’s dnata becomes first to achieve GDP certification for pharmaceutical cargo in Pakistan

Gerry’s dnata becomes first to achieve GDP certification for pharmaceutical cargo in Pakistan




Karachi, 30 June 2021
– Gerry’s dnata, the leading ground services provider in Pakistan, has been awarded the Good Distribution Practice (GDP) certification for the safe and reliable pharmaceutical handling services at the company’s state-of-the-art facility in Karachi.

GDP is a program focused on systems for warehouses and distribution centres that store and distribute products that are medicinal or carry active pharmaceutical ingredients. Setting stringent standards, the scheme ensures that consistent quality management systems are in place throughout the entire supply chain.

Gerry’s dnata handles temperature-sensitive goods in an ultramodern cargo facility at Jinnah International Airport (KHI), facilitating the independent adjustment of the temperature in each holding room to suit the needs of the product. Pharmaceuticals and vaccines are given priority loading and unloading to ensure that they are moved quickly with minimised temperature fluctuation. Gerry’s dnata’s handling team also receives specialised training for the handling of such niche products.

Syed Haris Raza, Vice President of Gerry's dnata, said: 

“We are proud to become the first handler in Pakistan to achieve the prestigious GDP certification at a time when demand for the rapid and safe transportation of vaccines and pharmaceutical products is on the rise.  Thisaccreditation demonstrates our ability to move these products under the strictest international standards, providing world-class safety and quality to our customers and their customers. We continue to invest in infrastructure and equipment to consistently deliver service excellence across our operations, every day.”

Gerry’s dnata opened its new, state-of-the-art cargo centre in Karachi in 2019.  The 72,000 square foot facility is equipped with the latest technologies, including an Automated Storage and Retrieval System (ASRS) and a Material Handling System (MHS), ensuring safe and efficient handling and storage of all types of cargo, including temperature-sensitive goods. To achieve the highest possible operational efficiency, Gerry’s dnata applies automated and semi-automated equipment in its new centre.

Gerry’s Group and dnata, a global leading air services provider, joined hands in 1993 to provide ground handling services at Karachi Airport. Since then, the joint venture has continually expanded its operations in the country and today serves more than 15 airline customers at seven Pakistani airports. Gerry’s dnata’s dedicated employees handle 150,000 tons of cargo annually.

Qatar Airways Introduces New Generation Boeing 787-9 Dreamliner Featuring a New Business Class Suite

Qatar Airways Introduces New Generation Boeing 787-9 Dreamliner Featuring a New Business Class Suite

Qatar Airways Introduces New Generation Boeing 787-9 Dreamliner Featuring a New Business Class Suite

  • Business Class Suite is equipped with sliding privacy doors, wireless mobile device charging and a 79 inch lie-flat bed
  • Airline continues to strategically invest in twin-engine aircraft, offering passengers the chance to fly on the most fuel efficient and quiet aircraft in the skies

DOHA, Qatar – Qatar Airways will launch its new Boeing 787-9 Dreamliner passenger aircraft, featuring its eagerly awaited new Business Class Suite, on a number of key routes to Europe and Asia, starting with its Doha to Milan service on Friday 25 June 2021.


The ultramodern aircraft is scheduled for services from Doha to Athens, Barcelona, Dammam, Karachi, Kuala Lumpur, Madrid and Milan and has a total passenger capacity of 311 seats - 30 Business Class Suites and 281 seats in Economy Class.

Crafted with the unique Qatar Airways design DNA and appealing to the most discerning of travellers, the new Adient Ascent Business Class Suite embodies a contemporary design that is truly personal, spacious and functional, allowing you to relax in your own private sanctuary.

Qatar Airways Group Chief Executive, His Excellency Mr. Akbar Al-Baker, said: “In-line with our commitment to offering our passengers an unparalleled travel experience, we are pleased to introduce this much-anticipated Business Class Suite on Qatar Airways’ newest wide-body aircraft, the Boeing 787-9 which will debut onto a number of key routes within our network.

“The new Business Class Suite sets yet another industry standard with a uniquely private experience for premium passengers travelling with us, which is becoming increasingly valuable during this pandemic, while showcasing Qatar Airways’ 5-star standards of excellence and Qatari hospitality that are quintessential on all of our flights.

“Our passengers deserve the best and I am confident that they will appreciate the larger Dreamliner variant for its unmatched comfort in the sky. Passengers can rest assured that its responsible impact on the environment fully aligns with our ambition to achieve the highest levels of sustainability.”

Arranged in a herringbone pattern, in a 1-2-1 configuration, each suite has direct aisle access with a sliding door to ensure the ultimate in privacy and comfort. Passengers seated in adjoining centre suites can slide the privacy panels away at the touch of a button to create their very own enclosed private space.

The Business Class Suite, transforms into a 79” fully-flat bed, offering elevated levels of comfort on board. Passengers can relax during their flight, knowing their personal mobile device is stored safely in a dedicated phone holder, equipped with a wireless charging technology that is compatible with both iOS and Android devices.

The Business Class Suite is complemented with the airline’s industry-leading onboard service from its award-winning cabin crew. This includes a wide selection of international cuisine, food and beverages, as well as healthy vegan meal options that are a part of Qatar Airways’ à la carte dine-on-demand menu. Not only will passengers indulge in award-winning cuisine, premium passengers are pampered with products and amenities from world-class brands including Narumi, BRIC’S, diptyque, TWG Tea, Castello Monte Vibiano Vecchio and The White Company to name a few.

In Economy Class, the Recaro-produced seats exemplify the latest design and technology. Each seat is equipped with a 13-inch Panasonic IFE touch screen in addition to a personal electronic device holder for both mobile and iPad devices. The seat features a rotatable armrest that can be completely stowed away to the backrest, providing a more comfortable and spacious experience. Passengers will enjoy the full dining experience ‘Quisine’, offering an elevated Economy Class travel experience.

As a warm welcome on-board the new aircraft, Qatar Airways Official Composer, Dana Al Fardan has created a new masterpiece portraying the mutual vision Qatar Airways and Dana share in bringing people together. After recent challenging times, this music represents an awakening and a deeper understanding of the real value of people, harmony and resilience.

The Boeing 787-9 is the latest member of the Boeing aircraft in Qatar Airways’ fleet. As the Middle East launch customer for the Boeing 787, the airline has continued to fly its fleet of 30 787-8s throughout the COVID-19 pandemic due to its strong fuel efficiency and excellent reliability record. Qatar Airways’ investment in the 787-9 once again underscores the airline’s commitment to sustainability and achieving net zero carbon emissions by 2050.

Qatar Airways operates one of the youngest fleets in the sky. The airline’s mix of modern fuel-efficient aircraft has created a sustainable and adaptable solution, allowing it to continue flying routes with less demand through a variety of aircraft offering the right capacity in each market and far fewer emissions than larger four-engined aircraft. Due to the impact of COVID-19 on travel demand, the airline has taken the decision to ground its fleet of Airbus A380s as it is not commercially or environmentally justifiable to operate such a large aircraft in the current market. Qatar Airways’ fleet of 53 Airbus A350 and 37 Boeing 787 are the ideal mix for the most strategically important long-haul routes to Africa, the Americas, Europe and Asia-Pacific regions.

A multiple award-winning airline, the national carrier of the State of Qatar continues to rebuild its network, which currently stands at over 140 destinations. With more frequencies being added to key hubs, Qatar Airways offers unrivalled connectivity to passengers, making it easy for them to change their travel dates or destination if they need to.

Qatar Airways recently became the first global airline in the world to achieve the prestigious 5-Star COVID-19 Airline Safety Rating by international air transport rating organisation, Skytrax. This follows the success of Hamad International Airport (HIA) as the first airport in the Middle East and Asia to be awarded a Skytrax 5-Star COVID-19 Airport Safety Rating. This recognition provides assurance to passengers across the world that airline health and safety standards are subject to the highest possible standards of professional, independent scrutiny and assessment.  For full details of all the measures that have been implemented onboard and in HIA, please visit qatarairways.com/safety.

In addition to this, the airline was named ‘World’s Best Airline’ by the 2019 World Airline Awards, managed by Skytrax. It was also named ‘Best Airline in the Middle East’, ‘World’s Best Business Class’, and ‘Best Business Class Seat’, in recognition of its ground-breaking Business Class experience, Qsuite. The Qsuite seat layout is a 1-2-1 configuration, providing passengers with the most spacious, fully private, comfortable and social distanced Business Class product in the sky. Qsuite is available on flights to more than 40 destinations including many routes to the United States as destinations as diverse as Johannesburg and Kuala Lumpur. It is the only airline to have been awarded the coveted ‘Skytrax Airline of the Year’ title, which is recognised as the pinnacle of excellence in the airline industry, five times.

All Ulema support PM's remarks on women dresses: SR  PM Tahir Ashrafi

All Ulema support PM's remarks on women dresses: SR PM Tahir Ashrafi

All Ulema support PM's remarks on women dresses: SR  PM Tahir Ashrafi

LAHORE: Special Representative for Prime Minister on Religious Affairs Hafiz Tahir Mehmood Ashrafi has said ulema fully support the statement of Prime Minister Imran Khan regarding women hijab and dresses. Addressing a press conference here on Sunday, he said that Islam is protector of women rights, adding that PM's statement about hijab was legal and in accordance with Holy Quran and Sunnah.

He said that PM's statements about women clothing was targeted by some elements for political reasons. He said that the Quranic order about hijab was equally applicable to men that they should keep their eyes down.

He said the government should set up a helpline to register a secret complaint about sexual harassment of children. Ashrafi said that open public punishment should be given by setting up special courts to prevent cases of child abuse. He said that pictures of sexual beasts, who abuse children or women, should be shown on television channels and publishes in newspapers.

He said that child abuse was a crime whether it happens in a madrasa, a college or a university. He appealed to Chief Justice of Pakistan to award public and immediate sentences to such culprits. He urged parents to educate their children how they should react and how they should seek help if somebody attempts to abuse them or touches them inappropriately.

To a question, Ashrafi said that ulema and mashaykh across country were with the government on the issue of Muharram observance. The prime minister has ordered for expansion of peace committees for Muharram, he added. "I will make some necessary changes in the committees and visit different districts for the purpose before Muharram," he added.

To a question, Ashrafi said that Maulvi Abdul Aziz should be hanged at Minar-e-Pakistan to make an example of those who sexually abuse children. To another question, he said a committee was working on a proposal about amending the Waqf Property Act. He said that some people were doing politics on the Waqf Property Board issue. "We are the guards of mosques and madrasas and no one can frighten us," he added. He said that the police had not visited any mosque or madrasa even once in three years.

"We are not against modern media, but there should be a system for filtering the content being presented there," he said adding that negative things spread evil; therefore, such things should be filtered and there should be no objection on it. Ashrafi said that mobile-phone technology had its own problems and it also spreads obscenity.

About refusing bases to the United States, he said the government represented the public sentiments by refusing the bases. He said that Pakistan always helped Afghan brothers everywhere and it was facilitator for peace in Afghanistan, but the problem was created by the Afghan people and Afghan political parties. He made it clear that now Pakistan's land would not be used against any country and no one should use their land against Pakistan.

Ashrafi urged the media not to create suspicions about madrasa curriculum, adding that Muttahida Ulema Board's job was only to stop anarchist material. He said that no restrictions would be imposed on teaching science subjects in madrasas. APP

7th Sky Entertainment All Set to Release Intriguing new Drama serial ‘Dour’

7th Sky Entertainment All Set to Release Intriguing new Drama serial ‘Dour’

7th Sky Entertainment All Set to Release Intriguing new Drama serial ‘Dour’
Islamabad:- 7th Sky Entertainment, spearheaded by the dynamic duo of Abdullah Kadwani and Asad Qureshi, is a prominent name in the Pakistan media industry and is now bringing forth a story about a powerful woman with a dark past, ‘Dour’ starring Azfar Rehman Khan, Hina Altaf & Ali Abbas in lead roles.
 

The story revolves around an influential and dominating woman Mrs. Ehtisham and her two sons, Abaan and Rumaan. Mrs. Ehtisham has a dark past and she is willing to go any length in order to hide it from everyone. However, when Rumaan falls in love with Asma, a young girl who hails from a lower-middle-class family, Mrs. Ehtisham feels threatened.


And so Mrs. Ehtisam decides to make Asma’s life as difficult as she can. Which is why the question arises whether Asma will be able to bring her mother-in-law’s past to the surface and stand up against her and expose Rumaan’s family to the world.


‘Dour’ has been directed by Mazhar Moin, penned down by Saji Gul, and produced by Abdullah Kadwani and Asad Qureshi. The rest of the ensemble cast including Sania Saeed, Ifat Omar, Saleem Mairaj, Fazila Qazi, Nayyer Ejaz, Adila Khan, HarisWaheed and many more. The drama will go on air from 29th June on GEO TV.
US Embassy & TIE organized 7th Edition of Pakistan’s Biggest Startup Cup competition

US Embassy & TIE organized 7th Edition of Pakistan’s Biggest Startup Cup competition

US Embassy & TIE organized 7th Edition of Pakistan’s Biggest Startup Cup competition

ISLAMABAD: June 29, 2021: The Indus Entrepreneurs (TiE) Islamabad, in partnership with U.S. Embassy in Islamabad, concluded the seventh edition of the Startup Cup Finale. Over 500 startups competed in the various stages of the competition, which included coaching and business readiness workshops.  From the final 15 startups, the first prize of 1 million goes to Scaryammi, Pakistan’s first mothering community application. The second prize of 750,000 rupees goes to mimAR, a building visualization company offering interactive visualization for the real estate industry. MeraFuture, Islamabad’s startup offering artificial intelligence-based career counselling for 9th to12th grade students takes the rupees 500,000 third prize.

Regional Winners include: Mobiliti from Lahore, Poulta from Islamabad, Moogle Studio from Peshawar, Kaachi from Karachi, and Edjin Robotics from Quetta.

The Startup Cup is a local business model competition designed to increase the quality and quantity of entrepreneurs in Pakistan. This year’s event promises to show a unique virtual experience to those attending it.

“Our number-one goal for this competition is to encourage and support the entrepreneurial ecosystem in Pakistan,” said Murtaza Zaidi, President of TiE Islamabad. “Through this competition, we can help budding entrepreneurs connect with successful businesspersons and prominent members of the startup ecosystem to gain the knowledge and expertise their business requires to prosper,” he added.

U.S. Embassy Minister Counselor for Public Affairs Raymond Castillo, noted, “It is exciting to see the level of creativity and business drive that the Startup Cup generates.  The United States has a long and proud history of supporting entrepreneurs, and we are thrilled to be able to share this experience with Pakistan.”

Senator, Sania Nishtar added, “Initiatives like the Pakistan Startup Cup are so important for Pakistan. With such a high percentage of youth in the country, it is important for our young population to entrepreneurial skills that TiE Islamabad that will not only help them but also create opportunities for others as their businesses grow.”

The Startup Cup is Pakistan’s largest startup competition.  TiE Islamabad, in partnership with the U.S. Embassy in Islamabad, has increased the initial scope of the competition to include entrepreneurs from across the country, and has already helped over 2,500 startups grow.   For more information, see

https://islamabad.tie.org/programs/current-programs/pakistan-startup-cup/

TECNO’s Born to Stand Out Campaign for the new Camon 17 Pro highlights the inspiring talent of Pakistan

TECNO’s Born to Stand Out Campaign for the new Camon 17 Pro highlights the inspiring talent of Pakistan

TECNO’s Born to Stand Out Campaign for the new Camon 17 Pro highlights the inspiring talent of Pakistan



TECNO Mobiles recently launched its flagship Camon 17 series in the market. The series includes two phones; Camon 17 and Camon 17 Pro. The Camon 17 Pro had a lot of hype surrounding its release due to its 48MP Clearest Selfie camera. It supports a 64MP rear Quad camera coupled with a MediaTek Helio G95 processor, a 5000mAh battery, and a massive 8+128GB storage, further enhancing the performance of the flagship phone. With these exceptional features, Camon 17 Pro brings an outstanding “Born to Stand Out” campaign. 

This #BornToStandOut campaign features the emerging talents of Pakistan who specialize in different areas. The main objective is to provide a platform for these young voices to reach the masses and be an inspiration for everyone. TECNO engaged Rameen Fareed, Pakistan's youngest female footballer for the #BorntoStandOut campaign. She was the best player in the Women's Football Championship 2018, which earned her admiring appraisals from the sports faculty. 

Mehak Gul, the youngest Pakistani girl to hold the title of "World Woman Candidate Master" was also engaged in TECNO's campaign. She holds an astonishing Guinness world record for arranging a chessboard in a whopping span of forty-five seconds. Marina Syed and Anita Karim are two trailblazer women of Pakistan who are breaking gender stereotypes. Marina Syed is the first female stunt biker and owns an academy to train young girls. Whereas, Anita Karim is Pakistan's First Female MMA Fighter winning multiple national and international-level bouts. 

Along with these amazing ladies, Ahmed 'Wolverine' Mujtaba is another rising star. He is one of the brightest martial arts athletes to emerge from Pakistan, performing exceptionally well in his debut defeating high-rated Singapore talent. This selection shows TECNO’s #BorntoStandOut Campaign highlights the young stars of Pakistan showcasing their talent and skill on a grand scale to inspire the masses. 

Now the interesting part is that YOU can be a part of this inspiring campaign for TECNO too. If you have something to show the world share it with TECNO and get a golden chance to be featured in Camon 17 Pro’s #BornToStandOut campaign. So, come forward and share your talents on social media with the hashtag #BornToStandOut and also win a free Camon 17.


Infinix Reveals Concept Smartphone - The Infinix Concept Phone 2021 Supports 160W Fast Charging

Infinix Reveals Concept Smartphone - The Infinix Concept Phone 2021 Supports 160W Fast Charging

Infinix Reveals Concept Smartphone - The Infinix Concept Phone 2021 Supports 160W Fast Charging



Infinix announces its first concept smartphone that pushes the boundaries of innovative technologies and creative aesthetics to drive the future of smartphone designs forward. The Infinix Concept Phone 2021 combines the first dual color-changing back cover and 160W fast charging technology, enhanced with 50W wireless charging, security protection mechanisms and new temperature control capabilities. Infinix is developing the next generation of accessible device features that consumers want, setting the tone for a new wave of commercially available smartphones.


“While many emerging features in the market today are expensive and unobtainable for the everyday consumer, Infinix is committed to offering consumers innovation at an attainable price,” shares Jessy Zhang, Senior R&D Manager of Infinix Mobility. “Creating valuable technology is the driving force behind the Concept Phone 2021. With Infinix being one of the most popular smart device providers among young people in emerging markets, our smartphones redefine productivity and efficiency and are a gateway to the future of digital life.” Infinix will continue to develop and refine the technology showcased in the Concept Phone, so it can be implemented in future Infinix devices.                               

Groundbreaking Innovations

The stunning Infinix Concept Phone 2021 combines electrochromic and electroluminescent technology to create the industry’s first dual color-changing back cover, using light as the medium and electric field as the process. When there is an incoming call, the back of the smartphone changes between silver gray and light blue. When charging, it will change color and flash in the middle of the device.

The concept phone uses ultra-thin, energy-saving and transparent solid electrochromic film (SECF) combined with an electroluminescence (EL) film. Infinix’s EL light emitting film opens the door for future developments with color changing smartphones that have never been seen before.

Seriously Fast Charging Speeds

To achieve 160W fast charging and 50W of wireless charging, Infinix integrates its Ultra Flash Charge (UFC) technology, Innovative Super Charge Pump, 60 security protection mechanisms and an 8C battery cell that enable the smartphone’s 4000mAh battery to be fully and safely charged in 10 minutes.

The Innovative Super Charge Pump is integrated with four high conversion charging chips that support high power conversion. This enables the smartphone to reach 98.6% charging conversion efficiency while avoiding overloading and overheating caused by large currents. Using 20 temperature sensors and intelligent control algorithms, The Infinix Concept Phone 2021 cleverly monitors the temperature while charging and adjusts the charging power to keep the smartphone under 40 °C/104°F. Infinix also collaborated with the world’s leading battery manufacturers to develop a new 8C battery cell that reduces more than 18% of internal resistance in comparison with a 6C battery and produces less heat.

Additionally, the added security protection is triggered during abnormal scenarios – such as high temperature, increased voltage, electromagnetic interference and more – to ensure the safety of the smartphone’s system.

The Screen of Screens

The Infinix Concept Phone 2021 improves the 6.67” AM-OLED display with the addition of an 88° limit radian that forms a perfect surface using 3D glass. Users are able to capture eye catching photographs with the phones’ intuitive AI-powered triple lens module comprising 64MP main lens, 120° ultra-wide angle lens and a telephoto lens that can achieve up to 60x digital zoom. The smartphone is also equipped with a 32MP front-facing camera for visually appealing selfies.

Other key features of the Infinix Concept Phone 2021 include:

A 64-bit octa-core processor with two performance core ARM Cortex-A76 and six power-efficient core Cortex-A55 CPUs clocked at 2.05GHz and 2GHz respectively. One of the fastest GPUs, the ARM Mali-G76 MP4(-900 MHz). Memory storage of 128 GB and 8GB RAM.

Android™ 11: The Android™ 11 software integrated into the Infinix Concept Phone 2021 incorporates a new power button menu, communication features and a notification history to further streamline the smartphone experience.

Gas , LNG , Furnace Oil crisis -  Miftah vs Hammad Azhar at - Aaj Shahzeb Khanzada Kay Sath | 28th June 2021

Gas , LNG , Furnace Oil crisis - Miftah vs Hammad Azhar at - Aaj Shahzeb Khanzada Kay Sath | 28th June 2021

Gas , LNG , Furnace Oil crisis -  Miftah vs Hammad Azhar at - Aaj Shahzeb Khanzada Kay Sath | 28th June 2021


Gas , LNG , Furnace Oil crisis -  Miftah vs Hammad Azhar at - Aaj Shahzeb Khanzada Kay Sath | 28th June 2021



Digitizing MSMEs for a Digital Pakistan - Webinar held to mark International MSME Day

Digitizing MSMEs for a Digital Pakistan - Webinar held to mark International MSME Day

Digitizing MSMEs for a Digital Pakistan - Webinar held to mark International MSME Day

In light of the International Day of Micro Small and Medium Enterprises (MSMEs), celebrated around the world on June 27th every year, a Digital Dialogue was organised on ‘Digitizing MSMEs for a Digital Pakistan’. The session shed light on how digitization can work towards transforming the current financial ecosystem for micro and small enterprises across Pakistan.


The session was hosted by Saad Hameed Khan, Head of Lending Transformation & Digitization - Easypaisa / Telenor Microfinance Bank, and the panel comprised renowned industry leaders, including Syed Mohsin Ahmed, Chief Executive Officer - Pakistan Microfinance Network, Navid Goraya, Chief Investment Officer - Karandaaz Pakistan and Kamran A. Zuberi, Chief Executive Officer - Finja Lending Services Ltd.

MSMEs form the backbone of Pakistan’s economic infrastructure contributing 40% to the country’s exports and an equal amount to the overall GDP. However, the sector is facing various challenges today, the most prominent one being lack of access to financial services and resultantly, limited access to formal credit. This challenge can be addressed by digitizing MSMEs and bringing them into the fold of financial services through digital payments and lending services.

During the session, panelists discussed that the only credit available to SMEs is 7% of the total private lending whereas in other regional markets it is as high as 30% or more. Similarly, just 1% of the country’s GDP is given to SMEs as credit. In other South Asian countries, this percentage ranges all the way up to about 9% to 10%. Naturally, given the constraints that are being put from the supply side on to the SME sector, there is less incentive for them to organize themselves and borrow or digitize. 

Participants also highlighted that the behavioral change in MSMEs will only be possible when there is no friction, which comes in the form of pricing. In order to go cashless, the costs associated with digital payments need to be incentivized as it is extremely sensitive to customers across the board.

It was also noted that the way to tackle the challenges faced by the MSME sector is by not perceiving digitization as just a tool for documenting the economy. That can be the by-product of a financially inclusive society but not its holistic objective. This approach will alter the way policies/frameworks are developed and allow enhancement of inclusive finance through digitization.

Pakistan’s microfinance institutions have made substantial strides over the years in developing relevant digital infrastructures for not just individual customers but MSMEs as well. By minimizing the need for complex documentation and digitizing transactions, the country’s most prudent business sector can work wonders for itself and for the overall economy as well.

The webinar can be viewed online through this link: https://youtu.be/7TpAQr9keco

PTCL and Huawei Signs Contracts for Transformation of PTCL’s IP Edge & Optical Transport Network

PTCL and Huawei Signs Contracts for Transformation of PTCL’s IP Edge & Optical Transport Network

PTCL and Huawei Signs Contracts for Transformation of PTCL’s IP Edge & Optical Transport Network



Pakistan Telecommunication Company Limited (PTCL), has signed strategic contracts with Huawei Technologies Pakistan for the transformation of its IP Edge and Optical Transport Network (OTN). 

Nadeem Khan, Acting CEO & Group CFO, PTCL & Ufone and Mark Meng, CEO, Huawei Technologies Pakistan, signed the contract during a ceremony held at PTCL HQ, Islamabad. Jafar Khalid, GCTIO (Development), PTCL & Ufone, Ahmed Bilal Masud, Deputy CEO, Huawei Technologies Pakistan, also attended the ceremony, along with senior management from both organizations.

Aimed to meet the exponential growth in traffic, this transformation involves modernization of existing inter-city and long-haul network, with a state-of-the-art OTN network. Combined with the existing Optical Transport Network backbone, PTCL long-haul capacity will become Multiple Terabits per seconds, capable of delivering better services across the country.

Furthermore, PTCL, in-line with its vision to revolutionize widespread availability of IP connectivity in Pakistan, will deploy a Unified IP Edge network, spreading across more than 130 sites, for providing next generation IP services. This upgradation, along with PTCL’s recently modernized Multi-Service Core & Internet Gateway network, will enable provisioning of high-speed & reliable ICT services across Corporate, Carrier & Consumers segments, supporting future customer-end demands of 100-400 Gigabit per second scalability.

Speaking on the occasion, Nadeem Khan, Acting CEO & Group CFO, PTCL & Ufone, said, “PTCL continues to transform its network with scalable architecture and futuristic technologies, to meet growing bandwidth demand from our subscribers, corporate and carrier customers. We are glad to partner with Huawei on this strategic initiative, that will go a long way in enabling the widespread availability of quality ICT Services across Pakistan.”

On the occasion, Mark Meng, CEO, Huawei Technologies Pakistan, said, “We greatly value our long-term relationship with PTCL Group, and continue to support its vision for technological evolution. PTCL is playing a leading role in enhancing customer experience through innovation, and definitely this network transformation will empower and exceed customer expectations in times to come.” Being the national flagship carrier, PTCL is fully committed to the vision of a Digital Pakistan, by further strengthening its commitment for continual network infrastructure evolution and resolve for consistent improvement of our valued customer experience.


PACRA reaffirms credit rating of PMIC

PACRA reaffirms credit rating of PMIC

PACRA reaffirms credit rating of PMIC

The Pakistan Credit Rating Agency (PACRA) has maintained the long term and short term entity ratings of Pakistan Microfinance Investment Company (PMIC) at 'AA' (Double A) and 'A1+' (A One Plus) respectively. The rating reflects strong equity base, well-conceived business plans and strong ownership structure. 

The ratings denote a very low expectation of credit risk emanating from a very strong capacity for timely payment of financial commitments which is not significantly vulnerable to foreseeable events.

PMIC, incorporated in 2016, is licensed to carry out investment finance services as a Non- Banking Finance Company (NBFC) under the NBFC Rules, 2003 and NBFC Regulations 2008. The strong sponsors, Pakistan Poverty Alleviation Fund (49%), Karandaaz (38%) and KfW, a german development Bank (13%) strengthen the financial profile of PMIC.

WB approves over $440m for water, sanitation services in Punjab

WB approves over $440m for water, sanitation services in Punjab

WB approves over $440m for water, sanitation services in Punjab

ISLAMABAD: The World Bank has approved $442 million to help improve access to water and sanitation services for the most vulnerable rural communities in Punjab.

The`PunjabRuralSustainable Water Supply and Sanitation Project` will help upgrade water supply and sanitation infrastruc-ture and services that ensure equitable and sustainable access to drinking water and safe wastewater management. The project prioritises rural settlements where water contamination and poor sanitation practices are more prevalent, causing high levels of illness and child stunting, the World Bank said in a statement.

The project will cover 16 districts, with 50 per cent of districts drawn from south Punjab, and 25pc each from central and north Punjab, benefiting 2,000 villages and more than six million people in rural areas. It will also provide training of village councils and community caretakers, which will have comple-mentary responsibilities for operations and maintenance, monitoring and evaluation and customer service.

On approval of the project by the board of executive directors on Friday, the World Bank Country Director for Pakistan, Najy Benhassine, said that the bank was committed to the government in improving sustainable water resource management.

This project will support investments that increase climate resilience, including flood protection, rainwater harvesting and water conservationin these districts.

The project design was informed by a 2018 flagship report, `When Water Becomes a Hazard: A Diagnostic Report onThe State of Water Supply, Sanitation and Poverty in Pakistan and Its Impact on Child Stunting`, that examined linkages between water and sanitation services, and child stunting.

This study also supported environmental sustainability and the need to provide information and support behavioral change in poor rural communities to reduce health risks.

`Child stunting is endemic and a huge constraint on Pakistan`s potential,` said Ghazala Mansuri, co-Tasl( Team Leader for the project. `It impacts a child`s cognitive development and immune system, reducing educational attainment, making illness morelil(ely, and leading to lower productivity and income. This project would provide the template for a transformational shift in human capital accumulation since it addresses all the determinants of stunting,` she said.

There is signincant spatial disparity in poverty across Punjab and human development outcomes are similarly skewed. Overall child health outcomes are far worse in south Punjab, with an average child stunting rate of 42pc, as compared to 25pcin the north and 33pc in the central districts.

Similarly, 18pc of children aged up to five had an episode of diarrhea in a two-week period in the southern districts as comparedto12pcinthe centralandnorthern districts.

Access to an improved source of drinking water is high in Punjab, with 98.3pc households having access through one mechanism or another. In rural areas, a majority of households secure this access through privately owned hand or motorised pumps, while some are served by piped schemes or community drinking points constructed by government departments or nongovernment organisations and handed over to communitybased organisations to operate and maintain.

The sustainability of the public water schemes is low and according the provincial Public HealthEngineering Department, a third of the schemes they constructed and handed over are now dysfunctional. While access is high, water quality is a significant issue affecting the health of households in Punjab.

There is a high rate of dysfunctionality among existing water supply schemes.

According to the Public Health Engineering Department, as of August 2019, out of a total of 5,137 rural water supply schemes created through public programmes, 1,784 were found to be dysfunctional. Of those that are functional, a large number are performing below design parameters, providing unsafe and intermittent water supply.

PIA grounds 140 flight attendants for being overweight

PIA grounds 140 flight attendants for being overweight

PIA grounds 140 flight attendants for being overweight

Karachi, June 27 (ANI): Pakistan International Airlines (PIA) has grounded 140 flight attendants for being overweight and excluded them from promotions and the duty roster for July flights, ARY News reported citing sources.

The carrier grounded several male and female flight attendants for being overweight besides stopping them from being included in the duty roster and promotions. The flight attendants could not adopt a strict diet plan amid the COVID-19 pandemic, informed sources.

On the other hand, the PIA spokesperson said in a statement the number of grounded flight attendants is 85 as the decision was taken after continuous complaints.

The spokesperson added that the airline has issued warnings multiple times to the overweight flight attendants before taking the action, ARY News reported.

In 2019, the national carrier of Pakistan had mulled over a proposal to offload its overweight flight attendants from international flights. In this regard, the PIA administration had announced to gradually reduce the waiver of 30 pounds of excess weight to zero pounds in upcoming months.

Meanwhile, the Upper House of Pakistan's Parliament was informed earlier this month by the country's aviation ministry that the PIA had incurred a huge loss due to the fake license case. The PIA incurred an estimated deficit of PKR 7.9 billion.

Last year, it was revealed that over 200 pilots in Pakistan were holding fake licenses as they never appeared for exams personally. The disclosure was part of the results of the probe done on the plane crash in Karachi. (ANI)

PABC IPO General Subscription Starts from 29th June!

PABC IPO General Subscription Starts from 29th June!

PABC IPO General Subscription Starts from 29th June!

Karachi, June 28: The general public will subscribe to 23.4 million shares, 25 percent of the total offer size of PABC IPO on June 29/30 at the strike price of Rs.49.


The general public can subscribe the IPO on 29th and 30th June from 9.00 am to 5pm during banking hours. However, in the case of e-IPO, the process continues for 24 hours.

The book-building phase of Pakistan Aluminium Beverage Cans Ltd (PABC) concluded last week with an oversubscription of 3.3 times and highest ever record-breaking participation of Rs. 10.8 billion by investors making PABC the largest IPO after interloop from the private sector.  

The IPO received an overwhelming response from institutional investors and high-net worth individuals as the strike price clocked in at Rs 49/share, 40% higher than the floor price of Rs 35 and raised 4.6 billion.

PABC supplies beverage Can to the bottlers of all major carbonated drinks, including PepsiCo and Coca-Cola, in both Pakistan and Afghanistan. Exports to Afghanistan constituted 35 per cent of the company's sales in calendar year 2020.

Established on a 20.9-acre piece of land in Faisalabad's Special Economic Zone with a current rated capacity of 700 million cans per annum, PABC continues to enjoy a 10-year tax holiday. The company is increasing its rated capacity by almost 36 per cent to 950 million cans per annum by July next year.

Company has grown its revenue at an annualised rate of 18.7 per cent in the last five years. In the third full year of its operation (2020), the company's net profit amounted to Rs 610.7 million, up 314 per cent from 2019. It expects its bottom line to grow at 140 per cent in 2021.

realme launces it's Narzo 30 and realme C21 today

realme launces it's Narzo 30 and realme C21 today

realme launces it's Narzo 30 and realme C21 today 


realme Narzo 30 shall be exclusively available on Daraz.pk for PKR 32,999/- while the new price of realme C21 is PKR 19,999/-


Lahore,  June 28, 2021: Giving a unique twist to launch events, realme – a youth favourite in Pakistan has launched the realme Narzo 30 to entice smartphone gamers. The smartphone launch was done as a mid-year launch show bringing together a fun mix of Gen-Z influencers Ducky Bhai, Romaisa Khan, Bilal Munir and Hasan Raheem. At the end of the chat show, realme Narzo 30 was launched along with the Narzo Anthem sung by Hasan Raheem, while a new price of realme C21 was dropped as a surprise.

The show was one-of-a-kind launch event that was nothing less than a laughter riot. With fun activities, dumb charades and a TikTok battle, the show wrapped up with a rapid fire round where Hasan Raheem emerged as the winner. The mid-year launch show was packaged quite uniquely as segments reflected the remarkable features of realme Narzo 30 including the MediaTek Helio G95 Gaming Processor, a 90Hz Ultra Smooth Display, a 30W Dart Charge and a 5000mAh Massive Battery.

Other than the realme Narzo 30, there were two more surprise announcements by realme. The first one for its realme C21 that got a new price tag of PKR 19,999/-, down from PKR 24,999/- earlier. And, a new Narzo Anthem sung by Hasan Raheem was also launched featuring Romaisa Khan and Ducky Bhai. With sick beats of the Narzo Anthem, the show was a hit with the audience as they got to see a personal side of their favourite KOLs.

As frontrunners of setting new trends in the industry, realme keeps bringing amazing devices for its fans and launches them in different ways. The Narzo series is a much-loved gaming series by realme, where the Narzo 30A became a huge hit in Pakistan recently. Now, Narzo 30 is poised to do the same.


President Dr. Arif Alvi orders Banking Mohtasib to settle complaints as per country's law

President Dr. Arif Alvi orders Banking Mohtasib to settle complaints as per country's law

President Dr. Arif Alvi orders Banking Mohtasib to settle complaints as per country's law



Islamabad: President Dr. Arif Alvi on Sunday set aside a decision of the Banking Mohtasib over dealing with the complaint of an account holder in an arbitrary manner and directed to address his grievance in accordance with law.

The president asked the Banking Mohtasib to 'process and inquire' about the complaint of the account holder after affording him a due opportunity of hearing. The complainant Shaheen-ur-Rehman, a government employee had filed a representation with the President of Pakistan against the review order of the Banking Mohtasib wherein he was not rendered any relief to his grievance against a bank.

The complainant had approached the Banking Mohtasib alleging maladministration on part of a private bank in, Burewala, which declared his bank account as non-remunerative, thus causing him a monetary loss.

The complainant in his request mentioned that he had opened a new bank account for the purpose of depositing profit on the principal amount, in addition to his earlier Profit & Loss Sharing (PLS) account meant for salary and pension only.

However, after one year, when he approached the Bank to receive the accrued profit, his account was declared as Current Account (Basic Banking Account).

On getting no relief despite several complaints lodged with the bank followed by a petition with the Banking Mohtasib, the complainant made a plea to the President of Pakistan.

Taking note of the grievance of the bank account holder, President Alvi expressed dismay over the dealing of his complaint in a casual manner, without observing the minimum requirements and standards of inquiry.

“This type of disposition of the matter is uncalled for and unsustainable. The rights of the people cannot be trampled in such an arbitrary manner,” he said. He emphasized that the person should have been provided an opportunity to personally confront the Bank’s response, enabling him to put forth his stance for establishing allegations of maladministration and negligence.

The president said the Banking Mohtasib was a forum to redress the grievances of the complainants in accordance with law and natural justice, and hence was expected to observe the minimum requirements of law.

realme for the Masses: The Fastest Brand to Sell More than a Million Devices in Pakistan

realme for the Masses: The Fastest Brand to Sell More than a Million Devices in Pakistan

realme for the Masses: The Fastest Brand to Sell More than a Million Devices in Pakistan



The brand has gone on to selling around two million smartphones in less than three years since its entry in Pakistan and is geared to launch Narzo 30 and drop the price of realme C21 soon

Yes, you heard that right! realme officially has sold more than a MILLION devices in Pakistan this year. This makes it the fastest brand in the smartphone industry to touch that milestone. Overall, since the brand’s entry in Pakistan, realme has reached the hearts of around two million consumers.

This remarkable announcement comes at a time when realme is teasing the launch of another device, made especially for the Gen-Z masses. realme Narzo 30 is set to debut soon along with a huge price drop for the realme C21 – making them some of the most desirable smartphones in their price segment.

Speaking on the achievement of this triumph, Jadon Niu, CEO of realme Pakistan said: “The Millionth Device milestone is a significant feat that puts us at the forefront of the smartphone industry. Since realme started selling in Pakistan, we have reached around two million consumers – making us the fastest brand in the industry to reach this momentous accomplishment.”

As frontrunners in the technological industry, realme keeps bringing amazing devices for its fans. The Narzo series is a much loved gaming series by realme, where the Narzo 30A became a huge hit and now Narzo 30 is poised to do the same. More so, the realme C21 will be coming up with a new price tag that is sure to surprise everyone around.

realme, being a brand for youngsters offers unique products that are technologically advanced and give the best value for money. This time, the brand has partnered with an eclectic mix of Gen-Z sensations Hasan Raheem, Ducky Bhai, Romaisa Khan and Bilal Munir AKA VideoWaliSarkar for their upcoming Narzo 30 and C21.

The Lady Dufferin Hospital inaugurates a new state-of-the-art OPD in Karachi.

The Lady Dufferin Hospital inaugurates a new state-of-the-art OPD in Karachi.

The Lady Dufferin Hospital inaugurates a new state-of-the-art OPD in Karachi.



Dr. Faridon Setna & Mariyam Bashir Dawood Centre of Excellence for Women and Children

Karachi, June 27, 2021:- The Lady Dufferin Hospital inaugurates a new state-of-the-art OPD in Karachi, “Dr. Faridon Setna & Mariyam Bashir Dawood Centre of Excellence for Women and Children”

This new purpose built, state of the art OPD Wing will provide all related services under one roof including obstetric, gynecological and neo natal facilities to the expecting mothers coming from Karachi, interior Sind & Balochistan. It houses 17 examination rooms with waiting areas accommodating over 400 patients at one time. LDH has treated 41000 patients in OPD in last one year (June-May 2020-21) and with the new OPD wing we expect the numbers to go up to 60000 patients/year. With the increasing the patient inflow Dufferin would be able to reduce the operating expenses and losses that we incur while providing extremely subsidized often free of charge health care to the underprivileged mothers and newborns.

The 2nd floor of the building houses Ultrasound & Radiology department with state-of-the-art machinery including CT scan, Ultrasound, Fluoroscopy to offer high risk women with fetal anomalies with advance invasive tests including, amniocentesis and genetic testing for common and rare diseases, minimal invasive technique using ultrasound & C.T scan guided biopsies for diagnosis of various gynecological cancers. At present over 20000 ultrasound/ radiology tests are performed every year which are expected to increase by 50% with increase in patient inflow. This floor also occupies an advanced 24-hour laboratory.

In the inaugural address, Dr. Zeryab Setna, Medical Superintendent of Lady Dufferin Hospital expressed his gratitude to all those who had sustained the hospital and contributed to raise the standard of maternal healthcare though their generosity.

This state of the art, future proof OPD building will not only help create a patient friendly, minimally stressful experience for these marginalized women and their families but also to address the national issue of disease control.

The donors include Mr. And Mrs. Bashir Dawood, Mr.Muhammad Ali Tabba, Muslim and Tyaba Habib, Agha Maqsood Abbas, Mr & Mrs. Mohsin Nathani, Mowjee Family, Mrs. Kulsoom Tabba, Mr. & Mrs. Irshad Ali S. Kassim, Mrs. Zulekha Tabba Maskatiya, Dr. Ashraf Kamaruddin, Mrs. Raheela A. Sattar, the Health Department, Govt. Of Sindh, Sadia Javed - MP Assembly of Sindh, HBL Foundation, Pakistan Petroleum Ltd., Pakistan State Oil, Agha Steel Industries and TPL Corp. Ltd.