ARY Digital Network Partners with CSA (Cricket South Africa) for Exclusive Broadcasting Rights in Pakistan

Pakistan: ARY Digital Network is excited to announce that it has acquired exclusive broadcasting rights for CSA (Cricket South Africa) starting immediately till 2027.


 

All international fixtures hosted by CSA, will be broadcast on ARY's premier sports channel, A Sports HD in Pakistan.

 

Since its inception, A-Sports has been at the forefront of sports broadcasting in Pakistan, consistently covering various sports like, Pakistan Super League, FIFA World Cup Qatar 2002, ICC Men's T20 World Cup 2021-22, ICC Men's Cricket World Cup 2023, Paris Olympics 2024, La Liga 2022-23-24, Formula 1 Racing, and many more through a comprehensive coverage.

 

This new partnership is a testament to A-Sports' commitment to its viewers, providing an unparalleled platform for cricket enthusiasts across the country.

 

A-Sports' vision of nurturing the love for cricket in Pakistan aligns perfectly with this initiative, as it continues to be the premium channel for sports in the country. A Sports will deliver comprehensive coverage of CSA's cricket events, including live broadcasts, expert analysis and exclusive behind-the-scenes content.

 

"We are excited to secure this partnership with Cricket South Africa and offer their cricket events exclusively to viewers in Pakistan through A Sports," said Salman Iqbal, Founder & CEO of ARY Digital Network. "This long-term agreement allows us to bring the thrill of South Africa's cricket matches directly to Pakistani fans, enhancing our commitment to delivering world-class sports programming."

 

"We are delighted to welcome ARY Digital Network and A Sports to our growing network of broadcast partners," said Pholetsi Moseki, CEO of Cricket South Africa. "This agreement allows for matches hosted in South Africa to be broadcast exclusively to Pakistani audiences, allowing fans to experience our cricket events with the best possible coverage," Moseki concludes.

 

Rathindra Basu, VP India & South Asia and Pan Regional Sales, APAC for IMG's media business, added: "Pakistan is one of the world's most passionate cricketing nations, and this deal will bring local fans live action from the Proteas on A Sports. Together with CSA, we're continuing to deliver increased commercial opportunities for the sport and grow the Proteas' audience worldwide."

 

The broadcasting arrangement on A Sports will commence immediately, with all CSA matches scheduled through to 2027 being broadcast live and in high quality. Cricket fans in Pakistan can tune in to A Sports for comprehensive coverage and immersive cricketing experiences.

 

The deal, brokered by IMG, follows CSA's recently announced agreement with Foxtel Group to broadcast the Proteas Men and Women's international matches on Foxtel and Kayo Sports in Australia. IMG has worked with CSA for the past 30 years and manages the federation's international media rights.

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Qist Bazaar Raises $3.2 Million in Series A Funding, Led by Indus Valley Capital

Qist Bazaar, Pakistan's leading Buy Now Pay Later (BNPL) fintech platform, has successfully raised $3.2 million in its Series A funding round, led by Indus Valley Capital. The round also saw participation from Gobi Partners, a prominent Asia-focused venture capital firm managing assets worth $1.6 billion. Bank Alfalah, one of Pakistan's largest commercial banks, which led Qist Bazaar's seed round, has also continued its support, making this the first time an international venture capital firm has joined forces with a major Pakistani bank to take an equity stake in a BNPL fintech.

Qist Bazaar, licensed by the Securities and Exchange Commission of Pakistan (SECP) as a Non-bank Financial Company (NBFC), is dedicated to providing installment-based payment solutions for Pakistan's unbanked and underbanked populations. In just three years, the company has disbursed over 55,000 product-based loans, totaling $12 million, enabling consumers across Pakistan to afford essential items like mobile phones and home appliances through affordable monthly payments.

The company's inclusive approach sets it apart, as it caters to a diverse range of customers, from those with no formal financial history to those with established banking relationships. Qist Bazaar's simple eligibility criterion—"Every Pakistani"—has empowered underserved groups such as domestic workers, rickshaw drivers, students, and micro-entrepreneurs by providing them access to much-needed financing. The fintech's hybrid scoring model, which combines traditional and alternative credit assessments, further enhances accessibility for unbanked consumers.

Arif Lakhani, Co-founder and CEO of Qist Bazaar, expressed his commitment to addressing fundamental needs:
"At Qist Bazaar, we are dedicated to bringing essential goods within the financial reach of Pakistanis. Items like home appliances and mobile phones are necessities, not luxuries, yet many struggle to afford them. With the support of our investors, we are making these necessities accessible through flexible payment plans."

Qist Bazaar's strong partnership with Bank Alfalah, which led the company's seed round, continues to yield dividends. The collaboration is expected to provide Qist Bazaar with significant debt financing from top financial institutions, enhancing the company's ability to serve customers who have limited or no access to formal credit.

Indus Valley Capital, the lead investor for the Series A round, is a key backer of several successful Pakistani startups, including Bazaar, Maqsad, BridgeLinx, and Farmdar.
Aatif Awan, Founder and Managing Partner at Indus Valley Capital, highlighted Qist Bazaar's transformative potential:
"We see enormous potential in Qist Bazaar's ability to reshape consumer financing in Pakistan, akin to what Bajaj Finance has achieved in India. What excites us most is not just the market opportunity but the tangible impact Qist Bazaar can have on the daily lives of millions of Pakistanis."

Unlike many high-growth fintech startups, Qist Bazaar has maintained a positive EBITDA since its inception, reflecting its strong unit economics and focus on sustainable growth. This disciplined approach, coupled with a growing customer base and a low delinquency rate, positions Qist Bazaar as a leader in Pakistan's BNPL sector.

Naiel Ikram, General Partner at Gobi Partners, praised the fintech's use of technology to drive operational efficiency and growth:
"Qist Bazaar's innovative use of technology to streamline operations while enabling rapid, sustainable growth stood out to us. The founders' deep expertise in the BNPL space, combined with their understanding of customer behavior, mirrors some of the most successful founders we've backed across Asia. With a clear path to scale by serving underserved users, Qist Bazaar is poised to replicate the success stories we've witnessed across the region."

With the fresh infusion of capital from the Series A round, Qist Bazaar plans to accelerate its growth by expanding its product offerings, enhancing its technology infrastructure, and scaling operations across Pakistan. The company is set to establish a presence in key cities like Islamabad, Sukkur, Faisalabad, and Multan while bolstering its operations in Karachi and Lahore. Additionally, new product categories, such as solar power generators for small households, are in the pipeline.

To extend its reach, Qist Bazaar has also launched a dealer network across various product categories, allowing partners to market its installment-based payment plans. Furthermore, the company has initiated B2B2C efforts, securing partnerships with major players in the textile sector.

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Dubai Millionaire Buys Private Island for Wife to Enjoy Beach in Privacy

Influencer Soudi Al Nadak Shares Viral Video of $50 Million Island Purchase Amid Backlash

Dubai-based influencer Soudi Al Nadak revealed in a viral Instagram video that her millionaire husband, Jamal Al Nadak, purchased a private island so she could feel safe on the beach while wearing a bikini. The 26-year-old housewife posted the video with the caption, "POV: You wanted to wear a bikini so your millionaire husband bought you an island," attracting over 2.4 million views within a week. While the video sparked massive interest, it also drew criticism for allegedly flaunting wealth.

Soudi, originally from the UK and married to Dubai businessman Jamal Al Nadak for over three years, said the couple had been planning to invest in an island for some time. She explained that her husband's main motivation for the purchase was her safety and privacy. However, for personal reasons, the exact location of the $50 million island was not disclosed, other than that it's in Asia. The influencer is no stranger to showcasing her luxurious lifestyle on social media, where she frequently shares videos of extravagant purchases, glamorous vacations, and high-end shopping.

Despite the popularity of her content, Soudi faced criticism for what some consider "showing off." Addressing the backlash, she expressed her confusion over the hate, explaining that she simply enjoys sharing her lifestyle. Meanwhile, interest in the story has surged, with Google Trends showing a spike in searches for terms like "Dubai man private island" as people continue to follow the story across various regions, including India.

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Zong Expands its Footprint in Gilgit Baltistan with Launch of 59 4G Commercial Sites

Gilgit: Zong, Pakistan's leading cellular and digital services provider, has officially launched its network in Gilgit Baltistan, marking a significant milestone in the region's digital development. The launch event was held at the prestigious Gilgit Serena Hotel and was graced by prominent dignitaries, including Mr. Ghulam Muhammad, Minister of Law and Tourism, Government of Gilgit Baltistan, who graced the event as the chief guest.

The event, held on September 27th, celebrated the commercial activation of 59 4G sites across the region, with further expansion plans slated for next year. Zong's presence in Gilgit Baltistan promises to empower local communities, enhance connectivity, and contribute to the socio-economic development of the area.

The launch event was attended by distinguished guests, including Miss Suraya Zaman, Advisor IT, Government of Gilgit Baltistan, Mr. Gul Abid Wazir, Zonal Director PTA Gilgit, Mr Ehsan ul Haq Assistant Zonal Director PTA Gilgit, Lt. Col. Muhammad Ali Ahmed, Commanding Officer of Special Communication Organization (SCO), and Riaz Ahmad, Secretary IT, Government of Gilgit Baltistan. Their participation underscores the strong collaboration between the public and private sectors in advancing digital infrastructure in the region.

Khawaja Shehzad Ullah, Executive Director of Sales & Distribution at Zong, highlighted the significance of connectivity in the region, stating, "We are thrilled to bring Zong 4G's high-speed internet to Gilgit Baltistan. This launch reflects our commitment to bridging Pakistan's digital divide, empowering local communities, boosting tourism, and supporting economic growth through our advanced technology and expansion plans."

Mr. Huo Junli, CEO at Zong sent his appreciation to the teams who made this expansion possible. In his message, he stated, "By enabling 4G services in Gilgit Baltistan, Zong is not only bridging connectivity gaps but also fueling Pakistan's journey towards digital transformation. This step amplifies our role in enhancing the Belt and Road Initiative, as seamless communication is key to economic growth, cross-border trade, and regional integration. We are proud to empower local communities, support tourism, and contribute to a brighter, more connected future for Pakistan and the broader region." He thanked Zong's strategic partner, the Special Communications Organization (SCO) and Pakistan's Telecommunications Authority (PTA) for playing a significant role in enabling the deployment of advanced communication networks in Gilgit Baltistan.

Zong's commitment to bringing digital services to the people of Gilgit Baltistan highlights the company's continued efforts to support the national digital agenda and drive inclusive connectivity in all regions of Pakistan.

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Engro Fertilizers strengthens dealer and farmer partnerships for agricultural progress

Karachi: Engro Fertilizers Limited, one of Pakistan's leading fertilizer manufacturers, hosted a meeting in Depalpur for dealers and farmers to address key challenges of the agricultural sector and explore innovative solutions for growth.

The highlight of this session was the live demonstration of Engro's Mobile Lab, which offers on-site soil and water testing services. This initiative empowers farmers with data-driven recommendations for optimized fertilizer use, ensuring balanced soil nutrition and enhanced crop productivity.

Addressing the audience, CEO Engro Fertilizers, Mr. Ali Rathore, expressed the Company's wholehearted support for its dealer network and the country's farming community, acknowledging their essential role in the agricultural value chain. He also highlighted the Company's initiatives are aimed at empowering farmers with tools and resources to make informed decisions enabling better planning, lower costs, and higher yields.

Prominent members of the farming community, including Chaudhry Tahir Irshad, Ahmed Raza Khan, Rao Fayyaz Aslam Khan, Rao Imran, Rana Saeed Khan, Syed Sajid Shah, Syed Noor Hassan Shah, Rao Abdul Kareem, and Haji Shoban, attended the meeting.

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#Crusteez_Donuts Gains Popularity After Viral Video Involving Chief Justice

Islamabad Eatery Sees Spike in Google Searches, Ratings, and Sales Following Controversial Incident

Crusteez Donuts, an eatery in Islamabad, experienced a sharp rise in Google search trends and online ratings after a viral video involving the current Chief Justice of Pakistan, Qazi Faez Isa. The video, which quickly spread across social media, showed a Crusteez employee refusing to serve the Chief Justice and making derogatory remarks, sparking significant public interest. Data analytics expert Asher Bajwa confirmed a notable spike in Google searches for the establishment following the incident.

The viral attention also led to a surge in the eatery's Google reviews, with many users leaving five-star ratings, boosting its online visibility. In addition, Crusteez Donuts saw an increase in sales as the public's curiosity turned into business, capitalizing on the incident's exposure.

Despite the controversy and ongoing debate about the cashier's actions, Crusteez Donuts benefited from the heightened attention, which translated into increased popularity and business growth for the establishment. The incident showcases how viral moments can have unexpected positive impacts on local businesses.

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Pakistan's E-commerce Revolution Gains Momentum as JD Technology and East River Digital Inc. Launch Strategic Collaboration

Pakistan: JD Technology, a global technology and e-commerce company has announced a strategic partnership with East River Digital, a digital marketing agency in Pakistan. This collaboration, formalized at the headquarters of JD Technology in Beijing, China, aims to drive digital transformation in Pakistan by introducing world-class e-commerce services, AI-driven solutions, and advanced supply chain technologies to empower local businesses and enhance the digital experience for consumers across various sectors.


 

The partnership will focus on revolutionizing Pakistan's digital infrastructure through innovative technologies. Leveraging JD Technology's expertise in AI-powered retail platforms, personalized marketing tools, autonomous delivery systems, and smart logistics solutions, the collaboration will enable Pakistani businesses to streamline operations, improve customer experiences, and access global markets.

 

 JD Technology and East River Digital are set to revolutionize Pakistan's e-commerce landscape by leveraging JD Technology's extensive technological capabilities. The partnership will implement AI-driven retail solutions that provide intelligent customer service and personalized marketing platforms, offering consumers a superior online shopping experience while empowering local businesses to explore new markets. Additionally, JD Technology's advanced logistics solutions, including Level-4 autonomous delivery vehicles and smart warehousing, will enhance last-mile delivery services, ensuring faster and more efficient service for consumers.

 

 Moreover, JD Technology's cloud and big data infrastructure, recognized as a leader in China, will support Pakistani businesses in managing operations more efficiently, from supply chain management to financial services. This collaboration will particularly benefit small and medium-sized enterprises (SMEs) by providing advanced technology platforms that offer intelligent supply chain management and financial technology solutions to optimize operations and reduce costs.

 

The CEO of East River Digital, Mr. Faizan S. Syed, expressed his enthusiasm, "We are thrilled to partner with JD Technology and bring their cutting-edge technology to Pakistan. This collaboration will drive the next phase of digital transformation in the country, helping local businesses and consumers access world-class e-commerce services."

 

 The strategy director of JD Technology, Zhang Ping, shared insights, stating, "Pakistan represents a key market for JD Technology as we expand our global footprint. With East River Digital's expertise in local market dynamics, we are confident in delivering our advanced technological solutions to help accelerate the growth of Pakistan's digital economy."

 

 With a population of over 241 million and a GDP per capita of $1,568, Pakistan offers tremendous opportunities for digital expansion. Despite current economic hurdles, the digital market continues to thrive, with internet penetration at 36% and the e-commerce sector projected to grow to $10 billion by 2025. The youthful population—over 63% under the age of 30—and increasing smartphone usage present a strong consumer base for JD Technology's services.

 

Pakistan's economy is also projected to grow at a rate of 3.5% in 2024, further fueling demand for innovative digital solutions. JD Technology's market entry, facilitated by East River Digital, aligns perfectly with the country's trajectory toward digitalization, enabling more businesses to access global supply chains and bringing high-quality products to local consumers.

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Shan Foods welcomes Tahir Malik as its first Global CEO

Shan Foods appoints Mr Tahir Malik as their first Global Chief Executive Officer, consolidating the company's global operations, spread across more than 70 countries, under a unified leadership structure.

Shan Foods is a leading global player in food industry with on ground operations in North America, Europe Africa & Middle East, Asia and Australia, and a global manufacturing footprint. It commands market leadership in key markets in the core categories the company operates in.

The incoming Global CEO, Tahir Malik, brings with him over 30 years of international experience in two blue chip consumer goods companies – Procter & Gamble and Reckitt. He has worked in global leadership roles across Europe, Asia, Latin America, Middle East and Africa and has extensive knowledge of leading Developing as well as Developed Markets across the globe. In the past ten years of his career, Tahir served as Regional President of Latin America, Asia and most recently Africa Middle East.

Chairman of the Board Mr. Sikandar Sultan commented "We are delighted to welcome Tahir as our Global Chief Executive after an extensive global search process. Tahir is a true visionary leader with extensive international experience across the globe, an excellent track record of driving transformations, fostering innovation, building world class organisations and delivering breakthrough results. Inshallah the Board looks forward to Tahir unleashing the full global potential of Shan Foods as we transform this business for the next +50 years".

Commenting on his appointment, Tahir Malik remarked "I am excited to have been appointed to globally lead Shan Foods, at a time when the company is looking at major transformations to win globally in a big way. It is a business with an impressive global footprint, a strong brand portfolio deeply rooted in providing superior product solutions, and an enviable position in the hearts and minds of consumers with its unmatched brand equity. This role is very close to my heart as it will allow me to truly put a Pakistani rooted company to become a truly Global Multinational. I am thrilled to lead Shan Foods in its next chapter, up our ambition and deliver a step up in performance, delighting more and more consumers across the globe, every day!"

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realme Note 60 Launch Today for PKR 26,999 with Industry’s Only 24-Month Warranty

Note 60 Launches Today for PKR 26,999 with Industry's Only 24-Month Warranty, Endorsed by Olympic Champion Arshad Nadeem

 

realme continues its streak of innovation with the official launch of the Note 60 in Pakistan. Endorsed by Olympic gold medalist Arshad Nadeem, this smartphone raises the bar with industry-leading durability and an exclusive 24-month warranty. Priced at an unbeatable PKR 26,999, the realme Note 60 is a game-changer for entry-level users seeking performance, reliability, and value.

 

Unmatched Durability: Segment-First IP64 and ArmorShell Protection

Just like Arshad Nadeem, known for his strength and resilience, the realme Note 60 is built to withstand the toughest challenges. Featuring IP64 protection, a segment-first feature, the Note 60 is designed to resist both dust and water, ensuring users can confidently use it in various conditions, from dusty environments to light rain.

 

In addition to its water and dust resistance, the Note 60 boasts ArmorShell Protection, a robust design with a die-cast aluminum framework that increases rigidity by 20% compared to conventional smartphones. The phone's reinforced glass further protects against accidental drops, making it as reliable as the Olympic champion who endorses it.

 

The Segment's Only 32MP Camera: Setting New Standards

The realme Note 60 is the only smartphone in its price range to feature a 32MP camera, far exceeding competitors who offer a maximum of 13MP. This camera allows users to capture life's moments with incredible detail, offering vibrant images even in challenging lighting conditions. Enhanced portrait mode and night mode ensure superior photography performance for those who value precision and clarity.

 

Performance Powerhouse: DRE Technology and Octa-Core Processor

The realme Note 60 is powered by the UNISOC T612 Octa-core processor and features Dynamic RAM Expansion (DRE) technology. With up to 12GB of dynamic RAM, users experience seamless multitasking, faster app launches, and smoother gameplay. Additionally, the Note 60 offers 64GB of internal storage, expandable up to 2TB via microSD, ensuring that users never run out of space for their media, files, and apps.

 

All-Day Battery Life with 10W Fast Charging Support

A 5000mAh battery powers the Note 60, offering long-lasting use throughout the day. For users in Pakistan, the local variant comes with 10W fast charging, ensuring the device charges quickly and efficiently. The Note 60 also supports reverse charging, allowing users to share power with other devices.

 

Catering to Entry-Level Users with Unmatched Value

With its exclusive 24-month warranty, the realme Note 60 is built to provide peace of mind for entry-level users who demand reliability and durability. The phone's innovative features, combined with its affordable price, make it a top contender in the entry-level smartphone market. The inclusion of AI Boost Engine and a 90Hz Eye Comfort Display ensures that the user experience is smooth and satisfying, making the Note 60 the perfect choice for those looking for a durable yet high-performing device.

 

The realme Note 60 is more than just a smartphone—it's a testament to innovation, performance, and reliability. With the exclusive 24-month warranty, segment-first IP64 protection, and ArmorShell durability, this device is set to follow in the footsteps of its successful predecessor, the Note 50, which was praised for its groundbreaking features. The Note 60 is now ready to exceed expectations and set a new benchmark for entry-level smartphones in Pakistan, offering unmatched value for PKR 26,999.

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Bayer Pakistan and AMAN Collaborate on World Contraception Day

On the occasion of World Contraception Day 2024, Bayer Pakistan and the Association for Mothers & Newborns (AMAN) committed to a collaboration utilizing their combined expertise and knowledge to increase awareness about modern contraceptive methods and their safe use, for the benefit of the general population of Pakistan.

An MoU signing ceremony was held between both parties, followed by the first of multiple planned scientific sessions for doctors to be held across the country, to create awareness on how modern contraceptive methods can contribute to women's wellness and child health.

Celebrated globally and supported by a coalition of international organizations including Bayer, World Contraception Day (WCD) focuses on the crucial role of informed decision-making in reducing unintended pregnancies, in a world where many women have limited control on their reproductive health.

This is especially relevant for Pakistan, where among women aged 15 to 49, approximately 19 million express a desire to avoid unintended pregnancy. However, of these, 50% (9.5 million women) do not have access to modern contraceptives.1

According to the Guttmacher Institute, a leading reproductive health research organization, approximately 3.7 million unintended pregnancies occur annually in Pakistan, with 61% (2.2 million) resulting in induced abortions.1

Unintended pregnancies take a serious toll on women's health, often leading to unsafe medical procedures, as well as exacerbating economic challenges for families. Increasing access to modern contraceptives is therefore critical in mitigating both issues.

Speaking on the occasion, Khurram Mirza, Country Commercial Lead, Pharmaceutical Division, Bayer Pakistan, said, "Our WCD collaboration with AMAN is well-aligned with Bayer's global mission, Health for All, Hunger for None, as well as the company's focus on women's healthcare. Women's health is in Bayer's DNA; as a global leader in the segment, Bayer offers a wide range of contraceptive options, as well as therapies for menopause management and gynecological diseases. Additionally, Bayer intends to provide 100 million women in low-and-middle income countries with access to family planning by 2030, by funding capacity building programs and ensuring the supply of affordable modern contraceptives."

Prof. Dr. Sadiah Ahsan Pal, Vice President AMAN, commented, ""Family planning is Pakistan's number one health priority. The progress of our nation depends on it. Not forced but by choice. Every doctor, nurse, LHV, LHW or midwife who is delivering a healthy baby holds the key to future health of that family. That family is eternally grateful and looks up to them for advice. We should counsel them properly about family planning, making informed choices to prevent unplanned pregnancy. If we do this right, we will be making a huge contribution towards the healthy progress of our nation."

Both Bayer Pakistan and AMAN are optimistic that this series of symposiums will catalyze a wider conversation in the healthcare community and beyond about the urgent need for increasing access to modern contraceptive methods, benefiting women and families across Pakistan.

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Asia’s Energy Transition Summit Happening at LUMS

Lahore: LUMS is hosting the Asia's Energy Transition Summit on September 28 – 29 to facilitate discussion on transition to renewable energy. Leading energy experts, researchers, civil society activists, policymakers and parliamentarians will be attending the event.

The summit is being organised by the LUMS Energy Institute (LEI) in collaboration with the Pakistan Renewable Energy Coalition (PREC). The event is aimed at highlighting the need for coordinated efforts across Asia to mobilise finances for a transition towards renewable energy, a move away from fossil fuels and improving energy efficiency and conservation.

The key objectives of the summit are to review and analyse the progress made in Asia on energy transition and align Asia's energy transition initiatives with the key targets set at COP28, especially the tripling of renewable energy, doubling of energy efficiency and moving away from fossil fuels in a decisive and definitive manner.

The event is divided into several plenary sessions, panel discussions and group activities to ensure that its delegates can exchange ideas and information across a wide range of issues and subjects concerning energy. The proceedings include evidence-based presentations from different Asian countries.

The summit will feature notable sessions by Governor State Bank of Pakistan, the Ambassador of Azerbaijan, Co-convener of the Parliamentary Forum on Energy and Economy, Federal Minister Energy, Managing Director Private Power and Infrastructure Board, amongst others.

The 2-day event is aimed at providing real-time insights and solutions to explore a viable pathway to scale up renewables and gain from the global energy transition.

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PTCL and IFC-led syndicate come together to celebrate the historic financing deal for acquisition of Telenor

Karachi: Pakistan Telecommunication Company Limited (PTCL) and the International Finance Corporation (IFC) led consortium came together to formalize and celebrate the historic financing deal for PTCL's acquisition (subject to regulatory approvals) of Telenor Pakistan and Orion Towers (Private) Limited at a special event in Karachi.

PTCL signed a share purchase agreement with Telenor (ASA) in December 2023 for the acquisition of 100% shares in Telenor Pakistan and Orion Towers (Pvt.) Ltd at the acquisition price of PKR 108 billion (on debt free cash free basis). PTCL approached IFC for financing of the project, which was subsequently approved in April 2024, and endorsed by the IFC Board of Directors. The IFC-led consortium includes the Silk Road Fund (SRF), a Chinese state-owned medium-to-long-term investment fund, and British International Investment (BII), the UK's development finance institution and impact investor.

Governor, State Bank of Pakistan, Mr. Jameel Ahmad was the chief guest of the event, which was also attended by President & Group CEO, PTCL & Ufone 4G, Hatem Bamatraf; IFC's Regional Director for the Middle East, Pakistan & Afghanistan, Khawaja Aftab Ahmed; UAE Ambassador; British High Commissioner; representatives of the consortium; senior and top executives from the PTCL Group. The event marked the most significant milestone in the realization of PTCL's upcoming acquisition of Telenor Pakistan and Orion Towers, following the signing of the financing deal in June 2024 to secure up to USD $400 million.

Speaking at the event, chief guest, Governor SBP, Mr. Jameel Ahmad said, "IFC's financing in Pakistan's telecom sector reinvigorates confidence in the sector's growth potential. Pakistan's telecom and digital sector is one of the important contributors to the national economy, and its growth and sustainability can play an important role towards country's economic prosperity. Mr. Ahmad stated that the SBP is fully committed and facilitating this transformative development and expect this would bring wide-ranging benefits to the country."

Hatem Bamatraf, President and Group CEO, PTCL & PTML (Ufone 4G), commented, "We are deeply appreciative of the IFC-led consortium for their pivotal role in financing this transformative deal, which marks a defining moment for Pakistan's telecom sector. This is the largest single financing ever secured in the industry, and it not only strengthens PTCL Group but also supports the long-term financial stability and sustainability of the entire telecom sector by enabling greater economies of scale. As a result, the industry will be better positioned to contribute to the national economy and societal progress. Through this strategic move, PTCL Group remains fully committed to delivering high-quality cellular and data services to an even wider customer base across Pakistan in the near future."

"Pakistan's telecommunication market offers significant opportunities for growth and investment," said Khawaja Aftab Ahmed, IFC's Regional Director for the Middle East, Pakistan and Afghanistan. "This investment reflects IFC's commitment to bolstering inclusive, high-quality digital connectivity and infrastructure in the country by working together with our partners, including the PTCL Group, Government of Pakistan, as well as co-investors BII and SRF."
The chief guest presented memorabilia to the worthy guests on behalf of the PTCL Group. Having sealed the financing deal, PTCL Group is awaiting the Competition Commission of Pakistan (CCP) approval to conclude the acquisition.

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Delhi CM Atishi Announces Minimum Wage Hike, Citing AAP’s Pro-Poor Policies

Delhi Chief Minister Atishi announced a significant increase in the minimum wages for various worker categories in the national capital. Unskilled workers will now earn ₹18,066 per month, semi-skilled workers ₹19,929, and skilled workers ₹21,917 per month. Atishi attributed this achievement to the AAP government under the leadership of former CM Arvind Kejriwal, emphasizing that Delhi now has the highest minimum wages in the country.

Atishi criticized the BJP, accusing it of being "anti-poor" and claiming that wages in BJP-ruled states are "half of what is being paid in Delhi." Despite what she called BJP's efforts to obstruct progress, Atishi pointed out that the Kejriwal government successfully revised wages twice a year, ensuring better earnings for workers in the capital.

The announcement followed a meeting between Atishi, cabinet ministers, and department heads, where she urged officials to work collaboratively in the interest of Delhi's people. She emphasized that the government is fully committed to supporting the officials and fulfilling its responsibility to provide the best services for the city's residents, emphasizing accountability and integrity in governance.

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Aga Khan University Hospital Reaccredited by Joint Commission International, Reinforcing Commitment to Global Standards in Quality and Patient Care

Karachi: The Aga Khan University Hospital (AKUH) has once again been reaccredited by The Joint Commission International (JCI), a recognition that reaffirms its longstanding commitment to excellence in healthcare. This prestigious reaccreditation continues a legacy of quality and safety that began with AKUH's first accreditation in 2006, when it became the first JCI-accredited hospital in Pakistan.

JCI, an independent, not-for-profit organisation, is globally recognised as the gold seal of approval in healthcare. AKUH's unbroken chain of JCI reaccreditations underscores its adherence to world-class standards in patient safety, quality care, and performance.

AKUH and its Outreach Health Network have consistently raised the bar, not just meeting but exceeding the rigorous standards set by JCI. In 2015, AKUH, Karachi, became the first and only academic medical centre in Pakistan to receive JCI accreditation.

"The reaccreditation by JCI reaffirms our commitment to excellence in healthcare," said Dr Sulaiman Shahabuddin, President and Vice Chancellor of the Aga Khan University. "At the Aga Khan University Hospital, we strive to provide care that meets and exceeds international standards, ensuring the safety and well-being of our patients. We are proud to continue this journey of excellence, and we remain dedicated to improving the quality of healthcare in Pakistan and beyond."

The JCI reaccreditation process, conducted every three years, involves a comprehensive audit of critical hospital operations, including infection prevention and control, quality improvement, patient safety, and staff qualifications. AKUH's success in this rigorous process emphasises its dedication to delivering safe, effective, and compassionate care to every patient.

Dr Farhat Abbas, CEO, AKU Health Services, Pakistan, added, "Achieving JCI reaccreditation is a testament to our team's relentless dedication. This accolade not only recognises our commitment to the highest standards of patient care but also highlights our ongoing efforts to enhance and innovate in healthcare delivery. We are honoured to be at the forefront of excellence in healthcare in Pakistan."

With the JCI gold seal, patients can trust that AKUH upholds the highest global standards of quality and care, which lead to better treatment outcomes. They can trust that the Hospital puts heavy focus and commitment to patient safety and has put in rigorous protocols to prevent infections, errors, and actions that can risk harm to patients. They can rely on delivery of service that is guided by commitment to continuous monitoring and improvement, ensuring that the care they receive is always aligned to the latest research-backed guidelines and practices. This accreditation serves as a reassurance to all patients, both locally and internationally, that AKUH offers world-class healthcare they can trust.

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Romina Khurshid Alam Opens Solar Power Plant at Murree Brewery Company in Rawalpindi

Romina Khurshid Alam, the Coordinator to the Prime Minister on Climate Change, praised Murree Brewery Company for its initiative to produce electricity sustainably. Under the leadership of Mr. Isphanyar Bhandara, MNA, the historic beverages company has commenced the production of 120 kV solar power at its factories in Rawalpindi.

During her visit to the factory, Ms. Romina Khurshid Alam inaugurated the solar power project alongside Mr. Bhandara, with officials from the environment department, staff members, and local community representatives in attendance.



In her remarks, Ms. Romina emphasized the significant costs Pakistan faces due to the adverse impacts of climate change on various socio-economic sectors, particularly agriculture, energy, and water. She underscored the necessity of collaboration with the industrial and private sectors to mitigate these negative effects.

"As the impacts of human-caused climate change become increasingly evident, the private sector in Pakistan has a vital role to play in reducing carbon emissions and promoting sustainable business practices," she stated.

Recognizing the urgent need for action, she noted that businesses across various industries are beginning to understand their responsibility to reduce carbon emissions and contribute to a greener future for Pakistan. She highlighted the critical role of private sector involvement in achieving carbon reduction goals, alongside broader economic and social benefits, in line with government green energy policies.

A senior representative from Murree Brewery informed the PM's coordinator that the solar energy project is expected to generate 166,440 units of electricity annually, which will help reduce 150 metric tons of carbon emissions each year and prevent the cutting down of approximately 7,000 trees annually.

Ms. Romina praised Murree Brewery's initiative, stating that it should serve as an inspiring model for other private sector businesses and industries across the country. She urged the private sector to take the lead in investing in renewable energy projects, including solar and wind farms, to foster cleaner energy production and decrease reliance on fossil fuels.


"Such green initiatives are economically, environmentally, and socially significant, and the government will support such efforts by the private sector," she emphasized.

She also highlighted the importance of public-private partnerships in promoting green energy projects, stating that collaboration is essential for effectively addressing climate change. Joint initiatives can enhance resource sharing, technology transfer, and capacity building.

Ms. Romina concluded by remarking that by promoting sustainable products and practices, businesses can influence consumer behavior, encouraging a shift towards low-carbon choices among the public. She reiterated that the commitment of the private sector to reduce carbon emissions is crucial for Pakistan to achieve its environmental sustainability and climate resilience goals.

"By embracing innovation, implementing sustainable practices, and collaborating with stakeholders, businesses can lead the way toward a greener, more resilient future," she asserted.

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Shan Foods inaugurates a state-of-the-art international standard production facility

Karachi: Shan Foods inaugurates a state-of-the-art international standard production facility for its strategic partnership with Symrise, the Leading Global Taste, Nutrition & Health player, to shape the future of food innovation for consumers in Pakistan.

Shan Foods, a global culinary brand & Recipe Mixes market leader in Pakistan & UAE has entered into an exclusive strategic partnership with Symrise in April 2023 (an industry first), a leading Global Taste Nutrition & Health player.

 
Together Shan Foods & Symrise will deliver winning and innovative Savory products for leading local and global food brands.
The goal of this partnership includes:

- Support for key customers with speed to market, with local manufacturing footprint;
- Co-develop consumer-led winning concepts for high-growth categories culinary & snacks, with Symrise taste, nutrition & health expertise and;
- Build sustainable employment opportunities, with backwards integration, local sourcing and delivery channels.

A significant milestone in their ongoing partnership has been achieved with the inauguration of a state-of-the-art international standard production facility in Pakistan (the first of its kind).
Designed with the purpose to develop, launch and commercialize transformational food products to cater to Pakistan's food industry which feeds ~250 million consumers and supports a dynamic young consumer base which is rapidly urbanising, changing key consumer behavioural trends. Convenience & authentic taste form key consumer needs. As convenience products evolve, so too does the demand for better-for-you products, ingredients with functional benefits and provenance claims, where local sourcing takes precedence.

The powder blending manufacturing facility at Shan Foods Headquarters underscores the partnership's commitment to promoting locally made food solutions, reducing dependence on imported raw materials, while providing high-quality products tailored to local and global markets. The facility is now operational and the project's capacity will be scaled to meet the needs of the local market and export markets in the coming years. The setup will also create sustainable employment opportunities. The establishment of the production facility is expected to cater to the multimillion-dollar Savoury market in Pakistan, which is seeing double digit growth.

Commenting on the inauguration of the new unit, Sammer Sultan, Co-chairperson at Shan Foods, said, "The opening of this facility represents a significant step forward in our mission to enhance local production, leverage food science technology, and support Pakistan's economy. By increasing our manufacturing capabilities, we are not only reducing reliance on imports but also creating new jobs. This facility is a testament to our commitment to sustainable growth and our belief in the potential of Pakistan's vibrant food industry."

For the second phase of the partnership, Shan Foods and Symrise are aligned on tapping into the international markets, with a particular focus to cater to the UAE and KSA markets.

 
"Shan has invested in a research, development and application laboratory and a manufacturing facility with quality management systems in Pakistan. The partnership with Symrise reinforces its position as a brand that continuously explores new ideas, drives food innovation and taste development in Pakistan" says Imran Sherani, Advisor Strategy, Growth & Investment of Shan Foods.

 
Symrise, has successfully positioned itself as the leading contributor to the evolution of the Food and Beverage industry in the Middle East & Pakistan having not only a long-standing presence in Pakistan but commitment to exploring food nutrition and health technology that supports innovative tastes, sustainable production, and local sourcing.

Commenting on the partnership, Lilian Regnier, President Food & Beverage Europe, Africa & Middle East at Symrise, said: "In the context of ensuring speed to market and proximity to our customers, Symrise has committed itself to strategic partnerships. Building on the strength of Symrise & Shan Foods will benefit our customers in timely and cost-efficiently delivering their winning brands to consumers. We feel very excited and proud to embark on the next phase of our business growth with Shan Foods in Pakistan. Our collaboration will help us further consolidate our strong foothold across Middle East & Africa. We recognize Shan Foods as a thought partner & leader in Pakistan Food Industry and look forward to a bright future together".

As both companies work towards a common goal of transforming the food industry, they are set to become market leaders in the segment in the coming years, driving positive change and setting new standards in the industry.

Raheel Qadri, Country Head – Pakistan at Symrise, said, "The inauguration of this facility represents a new chapter in our partnership with Shan Foods and our dedication to Pakistan's food industry. This advanced facility will help us quickly bring high-quality, locally produced products to market, meeting the demand for innovation and authenticity, setting new industry standards together."

Shan Foods has a global presence in more than 75 countries over 5 continents, offering a wide range of products including Recipe Mixes, Plain Spices, Frozen Meals, Instant Noodles, Cooking Sauces & Pastes, Pickles, Chutneys, etc., a strong manufacturing footprint across the globe and is the market leader in Pakistan and UAE for recipe mixes. Shan prides itself in continuously evolving and innovating as per the needs of its consumers while keeping the same authentic taste and aroma. Their state-of-the-art creation, application, sensory & manufacturing facilities deliver the taste of Pakistan across the world.

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realme Note 60 launching soon - first IP64 Protection Championing

realme Note 60 launching soon: Segment's first IP64 Protection Championing 

Durability in Every Aspect

Following the overwhelming success of the realme Note 50, launched earlier in 2024, realme continues to redefine excellence in the smartphone market. The Note 50 garnered massive praise for its groundbreaking features, broke a few sales records and became the first device in Pakistan to come with a 24-month warranty, an unprecedented move that set a new industry standard for customer trust and product longevity. Building on this legacy, realme now introduces the Note 60, dubbed the "Champion of Quality," once again raising the bar with its superior performance, durability, and innovation, while maintaining the 24-month warranty that has become a hallmark of the Note series. 

Segment's First IP64 Protection: Elevating Durability Standards

The realme Note 60 will be the first smartphone in its price range to feature IP64 protection, making it resistant to both dust and water. Whether you're working in dusty environments or caught in an unexpected downpour, the Note 60 is designed to withstand the elements without compromising performance. This segment-first protection ensures that users can confidently navigate everyday challenges without worry. With IP64 protection, realme delivers a level of reliability and toughness previously unseen in this segment.

ArmorShell Protection: A New Era of Durability

At the heart of the realme Note 60's durability is the innovative ArmorShell Protection, which goes beyond IP64 capabilities to ensure ultimate resilience. The device is built using a die-cast aluminum structure, providing 20% more rigidity than conventional smartphones in its class. Additionally, the ArmorShell protection integrates shock-absorbing technologies, such as silicone-sealed interfaces and reinforced glass, ensuring that the Note 60 is robust enough to handle both the rigors of daily use and unexpected drops. From the die-cast aluminum framework to the unique component dispensing glue that stabilizes internal components, realme has designed a phone built to last. 

Performance and Innovation with DRE Technology

While durability is a hallmark of the realme Note 60, performance has not been sacrificed. Equipped with the powerful UNISOC T612 Octa-core processor and Dynamic RAM Expansion (DRE) technology, the Note 60 ensures seamless multitasking and lightning-fast app launches. With DRE, users can experience up to 12GB of dynamic memory, making it effortless to switch between apps, enjoy smoother gaming experiences, and maintain high levels of productivity.

The Note 60 is also future-proof with its expansive 64GB internal storage, which can be expanded up to 2TB via microSD card, giving users the flexibility to store everything from cherished memories to extensive media collections.

32MP Super Clear Camera: Capturing Life in Stunning Detail

Photography enthusiasts will be impressed by the Note 60's advanced imaging capabilities. The 32MP main camera captures every detail with clarity, while the enhanced portrait mode and night mode algorithms produce stunning photos even in low-light conditions. The Note 60 empowers users to capture life's moments with exceptional detail and vibrant color.

All-Day Power with a Massive 5000mAh Battery

Powering the Note 60's impressive features is a substantial 5000mAh battery that ensures all-day usage. Paired with 15W fast charging and reverse charging capabilities, users can enjoy long-lasting power and flexibility to keep their devices and others charged throughout the day.

realme continues to push the boundaries of what's possible, ensuring that users experience unmatched durability, performance, and reliability with every interaction. With the realme Note 60, the brand once again proves that champions are built on a foundation of strength and resilience.

Stay tuned for the official launch of the realme Note 60, expected to be on the 27th of September 2024, and join the movement toward a smartphone experience that champions quality in every aspect.

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BF Biosciences Book Building Starts today (25 September)!

Company looks to raise Rs1.93 billion
 

Karachi: BF Biosciences IPO's book building phase will be held on 25th and 26th September where high net worth individuals and institutional investors will subscribe to 100 per cent of the issue size.  

BF Biosciences, a leader in the biotech pharmaceuticals sector in Pakistan, is set to raise between Rs1.38 and Rs1.93 billion to expand its key product lines and obtain export certifications.

The floor price for the issue has been set at Rs55 per share through a 100 percent book building process.

The unsubscribed shares, if any, of the general subscription portion would be allocated to the successful bidders of the book building portion on a pro-rata basis. The issuer will utilize any additional funds raised above the floor price in managing its additional requirements for capex and working capital needs.

BF Biosciences has estimated that the maximum strike price for the IPO may climb to Rs77 per share that would increase the funds raised to Rs1.93 billion.

This strategic initiative is expected to drive significant growth in both the company's top line and profitability as company has already completed a brownfield expansion and IPO will also help the company to manage working capital needs of the aforesaid expansion.

Arif Habib Limited has been appointed as a lead manager and book runner to the issue.

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Emirates commits support to Asia Rugby to broaden reach and appeal of sport in 36 countries

Karachi: Emirates has announced a new multi-year partnership as the Title Sponsor of Asia Rugby, furthering its commitment to growing the sport in untapped markets across Asia. The partnership will enable Asia Rugby to stage various 7s and 15s tournaments, as well as Asia Rugby Championships, spanning 36 countries.

Sir Tim Clark, President of Emirates Airline, said, "Emirates has a long history of supporting rugby, and this partnership will help expand the sport's reach and create opportunities for young athletes."

Qais Al-Dhalai, Asia Rugby President, highlighted the synergy between Emirates and Asia Rugby, with the UAE serving as a strategic base for the sport's growth across the continent.

As part of the deal, Emirates' branding will feature across 21 tournaments over three years, including the Asia Rugby Men's and Women's Championships, Sevens Series, and youth competitions. The airline's involvement will begin with the Asia Rugby Emirates Sevens Series in Hangzhou, China, in September.

Emirates has been a major supporter of rugby globally, sponsoring the Rugby World Cup, Dubai 7s, and the South African Emirates Lions. This partnership aims to strengthen rugby's presence in Asia, home to 60% of the world's population, aligning with Emirates' goal to empower athletes and foster a passionate fanbase.

Emirates has been sponsoring Rugby World Cup (RWC) since 2007 and in 2011, became RWC's worldwide partner, further cementing the airline as one of the world's biggest supporters of the sport of rugby. The airline also sponsors the jerseys of World Rugby's Match Officials who take to the field in their Emirates 'Fly Better' kits. Emirates' strong rugby partnerships also extend to the South African Emirates Lions and their home venue, Emirates Airline Park.

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Mondelez Pakistan Earns Three Prestigious Awards for Environmental and Social Impact

Karachi: Mondelez Pakistan is proud to announce that it has been honored with three prestigious awards, recognizing its unwavering commitment to sustainability, health, safety, and social impact.

Sami Wahid, Managing Director, Mondelez Pakistan said, "These awards are a testament to Mondelez Pakistan's ongoing efforts to integrate sustainability and social responsibility into our business practices. We remain dedicated to creating positive environmental and social impact, and we look forward to continuing this journey of excellence."

Environmental Excellence Award: The Hub Plant has been recognized by the National Forum for Environment & Health (NFEH) at its 21st Awards Ceremony. This accolade highlights the plant's outstanding sustainable practices and dedication to environmental stewardship.

Environment, Health & Safety Award: Mondelez Pakistan's exemplary Health, Safety, and Environment performance has been acknowledged by The Professionals Network and Ethical Business Update at their 10th International Awards Ceremony 2024. This award underscores our commitment to maintaining the highest standards in workplace safety and environmental care.

Social Impact Recognition: At the 2nd American Business Council ESG Excellence Awards 2024, Mondelez Pakistan was named the runner-up for its Employee Volunteer Program. This recognition celebrates our significant community initiatives, including Iftar with street children, beach cleanups, and support for coastal guard families, which continue to make a meaningful difference in the lives of many.
Mondelez remains committed to enhancing its commitment to sustainability in all its endeavors.

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Saudi Arabia Celebrates 94th National Day: A Proud Reflection on Heritage, Unity, and Progress

Saudi Arabia Celebrates 94th National Day: A Proud Reflection on Heritage, Unity, and Progress

On September 23, 2024, Saudi Arabia will mark its 94th National Day, a celebration filled with national pride, cultural vibrancy, and a deep reflection on the Kingdom's journey from its founding in 1932 to becoming a key player on the global stage. This day, observed with fervor across the country, commemorates the unification of the Kingdom under King Abdulaziz Al Saud and celebrates the remarkable progress the nation has made in nearly a century.

A Day of Heritage and Unity

National Day is not just a public holiday in Saudi Arabia—it's a powerful symbol of unity and pride for the Kingdom's rich cultural heritage. The unification of various tribes, regions, and identities under one banner is a significant milestone in Arab history, and this spirit of national solidarity is at the heart of every celebration.

Cities like Riyadh, Jeddah, and Dammam are adorned with the green and white of the Saudi flag, as citizens take to the streets in festive parades. The streets are filled with jubilant crowds, national songs, and fireworks displays, symbolizing the collective pride of the Saudi people. Traditional dances such as the "Ardah"—a sword dance—are performed across the country, reflecting the Kingdom's deep-rooted customs and culture.

Vision 2030: A Path to the Future

As Saudi Arabia celebrates its 94th National Day, there is much focus on the nation's future, especially through the lens of its ambitious Vision 2030 plan. Under the leadership of Crown Prince Mohammed bin Salman, Vision 2030 aims to diversify the Kingdom's economy, reduce its dependence on oil, and promote sectors like tourism, technology, and renewable energy. This bold vision has already begun to reshape the nation, with projects like NEOM, the futuristic city in the desert, and significant advancements in the entertainment and cultural sectors.

The 94th National Day serves as a reminder of Saudi Arabia's continuous strides toward modernization and global integration while holding firmly to its Islamic and cultural values. The day also highlights the role of women, who have taken significant strides in education, employment, and leadership, signaling a new era of inclusivity in the Kingdom.

Celebrations Beyond the Borders

Saudi Arabia's National Day is not confined to the Kingdom alone. Saudi citizens and expatriates across the globe participate in the festivities, with embassies and consulates organizing cultural events, exhibitions, and special gatherings to honor their homeland. These global celebrations foster a sense of belonging among Saudis living abroad and allow the international community to appreciate Saudi Arabia's rich culture and history.

For visitors, Saudi National Day presents an exciting opportunity to experience the Kingdom's culture, heritage, and hospitality firsthand. The festivities showcase the country's journey from its historical roots to its place as a modern, forward-thinking nation.

Conclusion: A Day of Pride and Progress

Saudi Arabia's 94th National Day is a celebration of heritage, unity, and progress, honoring the nation's past while looking forward to a bright and innovative future. As Saudis across the globe come together to celebrate this special day, the Kingdom reflects on its remarkable achievements and continues to set ambitious goals for future generations. Whether it's through the lens of tradition or modernity, this National Day is a powerful reminder of Saudi Arabia's resilience, growth, and enduring national pride.

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Lt Gen Muhammad Asim Malik Appointed New ISI Chief, Replacing Lt Gen Nadeem Anjum

Lt Gen Muhammad Asim Malik Appointed New ISI Chief, Replacing Lt Gen Nadeem Anjum

Lieutenant General Muhammad Asim Malik has been appointed as the new Director General of Pakistan's Inter-Services Intelligence (ISI), replacing Lt Gen Nadeem Anjum, the Inter-Service Public Relations (ISPR) announced. Lt Gen Malik is set to officially take charge of his new role as the country's spymaster on September 30. He is currently serving as the adjutant general at the General Headquarters (GHQ).

Lt Gen Malik brings extensive experience to his new position, having commanded the Balochistan infantry division and an infantry brigade in Waziristan. A decorated officer, he has earned the prestigious Sword of Honor and served as a chief instructor at the National Defence University (NDU) and an instructor at the Command and Staff College in Quetta. His operational expertise and leadership roles have prepared him for this critical role in Pakistan's security apparatus.

Lt Gen Malik's academic background is equally impressive, with military education from Fort Leavenworth in the United States and the Royal College of Defence Studies in London. His wide-ranging experience in both leadership and training positions makes him a strong fit for the top intelligence post, where he will play a crucial role in Pakistan's national security.

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Badiuddin Akber, CEO-CDC elected as Chairman of Executive Committee ACG

Badiuddin Akber, CEO-CDC elected as Chairman of Executive Committee of Asia-Pacific Central Securities Depositories Group (ACG) for the term 2024-2027
 

Karachi: Badiuddin Akber CEO-Central Depository Company of Pakistan Limited has been elected as the Chairman of Executive Committee of Asia-Pacific Central Securities Depositories Group (ACG) for the three year term of 2024-2027 during the proceedings of the ACG's 26th Annual General Meeting held in Almaty, Kazakhstan on September 11, 2024. Accordingly, Central Depository Company of Pakistan Limited has also become the ACG Secretariat for the same term. The ACG currently consists of 41 member institutions from 27 countries in the Asia-Pacific region.


 

This marks a significant achievement for CDC and represents a major milestone for Pakistan in the global securities market. This leadership position not only underscores CDC Pakistan's capabilities and legacy but also enhances Pakistan's stature within global financial and capital markets. During its term as the ACG Secretariat, CDC will work closely with regional and global partners to foster collaboration, innovation, and the exchange of best practices within the securities and financial sectors.

 

With this appointment, Mr. Badiuddin Akber will also be representing the Asia-Pacific Region on the Executive Board of World Forum of CSDs (WFC), the global body of five regional CSD associations including Americas' Central Securities Depositories Association (ACSDA), Association of Eurasian Central Securities Depositories (AECSD), European Central Securities Depositories Association (ECSDA), Africa and Middle East Depositories Association (AMEDA) and ACG. 

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Study in Malaysia Education Fair in Pakistan to Showcase Top Malaysian Universities in Islamabad

ISLAMABAD – The highly anticipated Study in Malaysia Education Fair in Pakistan is set to take place in Islamabad on 18th September 2024, at Hotel Ramada by Wyndham. This event, Organised by Education Malaysia Global Services (EMGS) aims to provide Pakistani students and their parents with a unique opportunity to explore the diverse range of educational Programmes offered by leading Malaysian universities.


 

The fair will be officially officiated by the H.E. Ambassador Dato' Mohammad Azhar Mazlan, the High Commissioner of Malaysia to Pakistan. A distinguished lineup of Malaysian universities will be participating, including University Putra Malaysia (UPM), Asia Pacific University of Technology and Innovation (APU), UCSI University, INCEIF University, Multimedia University (MMU), University Kuala Lumpur (UniKL), University Tunku Abdul Rahman (UTAR), University of Cyberjaya (UoC), University Teknologi Malaysia (UTM), University Kebangsaan Malaysia (UKM) and University Malaya (UM).

 

Visitors to the fair will have the chance to interact directly with university representatives, learn about the various courses and programmes available, understand the admission requirements, and explore the vibrant Malaysian student life. Additionally, the event will feature informative seminars and workshops on topics such as scholarships, visa procedures, and career prospects in Malaysia.

 

Malaysia has long been a preferred destination for international students due to its high-quality education system, multicultural environment and affordable education and living costs. Based on the latest statistics from EMGS, Pakistan is among the top 5 countries for new applications received to study in Malaysia in 2024. International students from Pakistan have a growing interest in studying abroad in Malaysia, with more than 7000 applications received since 2020.

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#TikTok becomes official Entertainment Partner of #Shark_Tank Pakistan

TikTok becomes official Entertainment Partner of Shark Tank Pakistan

Pakistan: TikTok has announced its role as the Entertainment Partner for the inaugural season of Shark Tank Pakistan, acquired by Grenlit Studio. This partnership marks a milestone in TikTok's mission to inspire creativity and bring joy, providing a platform for innovation and entrepreneurship in Pakistan.

Shark Tank, the globally acclaimed business reality show, that has seen adaptation in over 40 countries, debuts in Pakistan in October 2024. This venture is brought to the local audience by Grenlit Studios in collaboration with Sony Pictures Entertainment.

Under this partnership, TikTok will host exclusive content under the hashtag #SharkTankPakistan, featuring #WhatToWatch and trending topics, engaging users with interactive and fresh content surrounding the show. The official Shark Tank Pakistan TikTok account has already amassed over 30,000 followers, illustrating the community's enthusiasm and engagement with the show.

This partnership will also encourage the creation and sharing of engaging long-form content, extending beyond one-minute videos, enhancing viewer engagement, and offering deeper insights into the entrepreneurial journeys featured on the show.

"This partnership with Shark Tank Pakistan aligns with our commitment to supporting local talent and entrepreneurs. We are excited to see this collaboration foster innovation and creativity, and we look forward to becoming a part of the entrepreneurial journey of many Pakistanis," said Saif Mujahid, Head of Content Operations, Pakistan, TikTok.

Shark Tank Pakistan aims to offer a platform for aspiring entrepreneurs to bring their ideas to life, providing them not only with the necessary capital but also with mentorship from seasoned investors.

"We are very excited to partner with TikTok. We know it's a platform that is growing and used by millions of Pakistanis and globally," said Muhammad Rizwan Siddiqui, Co-founder Grenlit Studios.

TikTok, as the Entertainment Partner, will play a crucial role in amplifying these stories of innovation and determination, inspiring a new generation of entrepreneurs.

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