StormFiber Launches High-Speed Internet in Chitral, Expanding to 25 Cities Across Pakistan"

StormFiber, powered by Cybernet, has officially launched its high-speed internet services in Chitral, marking a significant milestone as the company's 25th city in Pakistan. Under its mission, 'Built in Pakistan, Building Pakistan,' StormFiber is dedicated to promoting digital inclusion and driving nationwide transformation. With this expansion, residents of Chitral now have access to cutting-edge tools that enable them to tap into global learning resources and participate in digital marketplaces, bridging the gap between remote regions and the digital economy.

This launch underscores StormFiber's commitment to creating a digitally inclusive Pakistan. By bringing reliable and high-speed internet to Chitral, the company is empowering communities, fostering economic growth, and paving the way for a more connected future. StormFiber continues to lead the charge in transforming Pakistan's digital landscape, one city at a time.

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​LUMS develops case study on JazzCash's remarkable turnaround

Lahore: Continuing its efforts towards academia-industry collaboration, the Suleman Dawood School of Business (SDSB) at LUMS has developed another case study for its academic and executive programmes, focused on the successful turnaround of JazzCash. This case study highlights the power of disruption and innovation in today's rapidly evolving business landscape.

SDSB has pioneered the use of the case method of teaching in Pakistan. Students engage with real-world business challenges, assuming the role of decision-makers to analyse and develop practical solutions in an interactive classroom setting. Authored by SDSB faculty, Dr. M. Adeel Zaffar, Dr. Adnan Zahid and Dr. M. Shehryar Shahid, the case titled, JazzCash: Successful Fintech in an Emerging Market explores how the company navigated uncertainty and embraced disruption to transform into a leader in Pakistan's fintech sector. Students will examine JazzCash's journey from a period of significant challenges to becoming the country's largest fintech platform, focusing on the adaptability, innovation, and resilience that drove its success.

JazzCash's evolution – from overcoming high attrition and operational hurdles to becoming Pakistan's first profitable fintech by 2023 – serves as a model of strategic restructuring, customer-centric innovation, and technological overhaul. Today, JazzCash is the country's largest issuer of digital loans, leading QR payments network, and a dominant player in e-commerce payment solutions.

Murtaza Ali, President of JazzCash, expressed his appreciation for LUMS, stating, "Our transformation was fueled by a commitment to creating a sustainable business that offers real value to customers and society. Through this partnership with LUMS, we aim to inspire future leaders to pursue ambitious goals while balancing profitability with social impact."

LUMS continues to enrich student learning by integrating impactful case studies that bridge theory and practice, furthering its dedication to advancing education and fostering meaningful industry partnerships, and preparing future leaders to drive change in both local and international contexts.

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Ghulam Faruque Group is hiring Deputy Manager Sales & Services

hashtag#Hiring Alert!

Greaves Airconditioning Pvt Limited (part of Ghulam Faruque Group) is seeking Deputy Manager Sales & Services for our Head Office. Incumbent must have 5-7 years of experience in a relevant field.

Location: Karachi

Apply at the link: https://lnkd.in/dWMYdpwb

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Raqami Islamic Digital Bank Hiring - Assistant Manager and Unit Head Data Science and Automation

We are looking for the following positions at Raqami Islamic Digital Bank.

 
1. Assistant Manager - Backend Treasury Operations
2. Unit Head Data Science and Automation

Do you have what it takes to lead change? Apply now!
Last Dates to Apply: 24th January, 2025

#Raqami #jobopportunity #hiringnow #vacancyalert

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Spotify’s $10 Billion Milestone and a Decade of Getting the World to Value Music

Karachi: In 2014, the music industry reached a low point when global recorded music revenues hit $13 billion. Spotify's annual contribution at the time was around $1 billion, with around 15 million paying subscribers. In 2024, Spotify alone paid out a record $10 billion to the music industry — totaling nearly $60 billion since their founding.

It's a milestone that Spotify has achieved as the system that the world's top audio streaming platform has built is working, and where they are now is only the beginning. Today, there are more than 500 million paying listeners across all music streaming services.

There's a vibrant marketplace of streaming services for different types of consumers, each doing its part to normalize the behavior of paying for music streaming. It's been a collective effort. But there are a few things specific to Spotify that make it not only the most popular subscription streaming service but also the highest paying.

Retention is priority number one, and retention is driven by personalization, curation, and product innovation. Fans like the recommendations, the expert editorial curation, and surprise-and-delight moments like AI DJ, daylist, and Wrapped, as well as the access to non-music content. They keep coming back, discovering more new artists, and retaining their subscriptions.

Spotify offers an ad-supported free tier. Beyond the ad dollars this generates, more than 60% of Premium subscribers were once free tier users. Bringing in users who don't expect to pay for music, and deepening their engagement, means they're more inclined to become subscribers in the future.

A decade ago, there was a widely held view that you couldn't monetize certain markets. But the journey of getting the world to pay for music means making long-term investments. Today, Spotify is seeing tremendous growth across markets like India, Brazil, Mexico, and Nigeria. These are places where the platform's investments are paying off.

"In the pre-streaming era, you were either in the club or not. If you didn't have a label deal or the means to distribute your music worldwide, you weren't one of the few thousand artists on shelves at a record store or one of the 40 in rotation on a radio station. Now, you can record something today and have it on Spotify tomorrow. Even better, payments to the music industry have shifted from a concentrated few at the top to an increasingly diverse and growing ecosystem of artists finding success", said  David Kaefer, VP, Music Business, Spotify.

"Case in point, Spotify estimated that, in 2014, around 10,000 artists generated at least $10,000 per year on Spotify. Today, well over 10,000 artists generate over $100,000 per year from Spotify alone", he added.

The global value of music copyright today sits at $45.5 billion. Spotify's goal is to help artists get their work in front of existing and future fans, continue to innovate on their behalf, and deliver it in a way that inspires people to pay for it.

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Meezan Bank Unveils Foreign Currency (FCY) Debit Card for Freelancers & Exporters

Karachi: Meezan Bank, Pakistan's leading Islamic bank, has announced the launch of its Foreign Currency (FCY) Debit Card for Pakistani exporters and freelancers who hold an Exporters' Special Foreign Currency Account (ESFCA) with the Bank.

 

Powered by Mastercard, the FCY Debit Card is accepted worldwide and simplifies international payments, making it easier to manage business transactions abroad as well as make payments at retail outlets worldwide. Exporters and freelancers can now access their ESFCA account to make all types of payments, without the need for prior approval from the State Bank of Pakistan (SBP).

 

The new FCY Debit Card also allows customers to withdraw cash from Mastercard ATMs worldwide, track their spending in real time, and easily make cross-border payments. Additionally, the card is equipped with 3D Secure technology, adding an extra layer of protection for e-commerce transactions. For added convenience, the card is also NFC-enabled, allowing contactless payments at retail outlets worldwide.

 

"We are excited to introduce this new offering as part of our ongoing commitment to empowering Pakistan's exporters and freelancers with enhanced financial tools, especially in today's increasingly interconnected global economy," said Syed Iftikhar ul Haq, Group Head – Consumer Finance at Meezan Bank. "Whether you're traveling, shopping online, or conducting business internationally, the FCY Debit Card streamlines the payment process and provides a secure, efficient way to manage transactions across borders, ensuring peace of mind wherever you go."

 

This partnership with Meezan Bank demonstrates our dedication to delivering innovative payment solutions that cater to the evolving needs of exporters and freelancers in Pakistan," said Arslan Khan, Country Manager for Mastercard in Pakistan. "We congratulate Meezan Bank on this initiative to support businesses as they expand their reach in the global marketplace"

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Khyber Pakhtunkhwa Assembly Deputy Suraya Bibi's removal sparks anger in Chitral

There is anger in Chitral over the news of Khyber Pakhtunkhwa Assembly Deputy Suraya Bibi's removal. Not only PTI workers in Chitral but also workers of all parties in Chitral have expressed their anger and grief over this news. They have termed this act as an injustice to Chitral.

Suraya Bibi of Sunni Ittehad Council was elected Deputy Speaker of Khyber Pakhtunkhwa Assembly by getting 87 votes. Arbab Waseem of PTI (Parliamentarians) got only 19 votes against Suraya Bibi.

Suraya Bibi, an independent candidate supported by Pakistan Tehreek-e-Insaf, won the general seat from PK-1 Upper Chitral constituency in Khyber Pakhtunkhwa province and later joined PTI's ally Sunni Ittehad Council.

When Speaker Khyber Pakhtunkhwa Assembly Babar Saleem Swati announced the victory of Suraya Bibi, he was holding a picture of Imran Khan in his hands.

It should be remembered that in the recent general elections, the polling process was also very enthusiastic in the remote constituency of PK-1 Upper Chitral, where women actively participated in Suraya Bibi's election campaign.

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Chitral’s handmade furniture gains global recognition; PFC CEO

LAHORE:Pakistan Furniture Council (PFC) Chief Executive Officer Mian Kashif Ashfaq has said that handmade Chitral furniture, renowned for its historical and traditional designs, has gained global popularity due to its distinctive style and exceptional durability.

Talking to a delegation of furniture manufacturers from Chitral valley led by Gul Rehmat,  he said this furniture reflects the rich cultural heritage of the area. Each piece is crafted by skilled artisans who have inherited their techniques through generations, making the furniture not only beautiful but also a testament to the craftsmanship of the past.

He said the designs often feature intricate carvings, with patterns inspired by the natural beauty of the region, such as floral motifs, geometric shapes, and symbolic figures. These designs are carefully hand-carved into high-quality wood, like walnut and cedar, which are chosen for their strength and longevity. Due to the use of traditional methods and tools, every piece is unique and has a rustic charm that appeals to those who value authenticity and heritage in their home decor.

He said  in addition to its aesthetic appeal, Chitral furniture is known for its durability. Crafted to withstand generations, it is not uncommon for pieces to be passed down as family heirlooms.
This combination of artistry, tradition, and durability has propelled Chitral furniture onto the global stage, where it continues to captivate international collectors and admirers. He assured the delegation that they will be facilitated for furniture exports.

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QNET's Falah Strengthens Its Dedication to Health and Wellness as Gold Sponsor of Indus Hospital

QNET, a global lifestyle and wellness-focused direct-selling company, alongside its esteemed Pakistani entity, Falah, proudly reaffirms its commitment to supporting crucial healthcare initiatives and community welfare in Pakistan as the Gold Sponsor of the Indus Hospital and Health Network.

As a Gold Sponsor, QNET's support for the Indus Hospital underscores its belief in healthcare's transformative power to uplift lives. This collaboration aims to fortify healthcare infrastructure and accessibility, aligning with QNET's broader vision of empowering individuals and communities.

Tareq Abdul Hafeedh Yawar Al Yousefi, Chairman of QNET Middle East, emphasized the value of this collaboration: "Our partnership with the Indus Hospital through Falah reflects our core belief in empowering communities. Through our high-quality products and direct-selling model, we offer people the chance to improve their lives while contributing to meaningful causes."

QNET's direct-selling model has provided countless entrepreneurs in Pakistan with the tools to build sustainable businesses and achieve financial independence. This commitment to growth and empowerment is reinforced through impactful initiatives, including:

In Azad Kashmir, QNET funded a gravity flow water project, constructing a reservoir that now provides clean water to over 1,500 residents, enhancing daily living conditions.

During Ramadan, QNET distributes thousands of Iftar meals to underserved communities in Pakistan, supporting those in need.

Looking ahead, QNET is poised to expand its product portfolio in Pakistan and the MENA region in 2025. Key offerings include the prestigious Bernhard H. Mayer (BHM) watch and jewellery collections and the advanced HomePure Nova water filtration system—premium products that reflect QNET's dedication to quality and innovation.

Through premium products and entrepreneurial opportunities, QNET continues to build trust and create lasting impact in Pakistan.

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Engro Fertilizers establishes Markaz Centres to provide quality fertilizers and services to farmers

Lahore: To support the Government's efforts in ensuring the availability of high-quality fertilizers at official prices, Engro Fertilizers has inaugurated a Markaz Centre in Muridke. With this addition, the Company now operates four Markaz Centres in Muridke, Bahawalpur, Sargodha, and Sahiwal, benefiting farmers across these regions.


 

Rana Tanveer Hussain, Federal Minister for Industries & Production, and National Food Security & Research, graced the launch event of the Markaz Centre as the chief guest. The event was also attended by National Food Security & Research officials, provincial administrators, senior members of the farming community and Engro Fertilizers officials.

 

Addressing the gathering, Federal Minister Rana Tanveer Hussain reiterated the Government's commitment to the growth of Pakistan's agriculture sector and improving the livelihoods of farmers. He said that the Government and fertilizer industry are working together to ensure uninterrupted availability of fertilizers at controlled prices for the farmers. He appreciated Engro Fertilizers for supporting the Government's initiative of setting up Markaz Centres in various districts to help curb hoarding and price manipulation by intermediaries.  

 

Speaking at the occasion, Ali Rathore, CEO of Engro Fertilizers, lauded the Government's focus on development of the agriculture sector and well-being of farmers. "To benefit our hardworking farmers and enhance the food security of Pakistan, Engro Fertilizers has always partnered with the Government for initiatives that uplift the agriculture sector. These Markaz Centres will offer relief to the farmers by ensuring timely availability of high-quality fertilizers at official prices. Additionally, these Markaz Centres will serve as hubs for creating awareness about innovative products and technologies being offered by Engro Fertilizers that can help improve our crop yields and bring them in line with global benchmarks," he said.

 

He further highlighted the recent launch of the UgAi app by Engro Fertilizers, Pakistan's first integrated agri e-commerce platform. Besides enabling direct purchase of fertilizers at official prices from the Company, the UgAi app also integrates advanced drone technology and satellite imagery. These features allow farmers to monitor crops with precision, reduce input costs, and increase crop yields.

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Yadea Pakistan Launches Four New EV Models, Unveils Price and Details of GT 30

Yadea, the global No.1 leader in electric two-wheelers for 8 consecutive years with over 100 million units sold worldwide has made a significant announcement in Pakistan. At an exclusive launch event in Lahore, Yadea Pakistan unveiled four innovative electric vehicle (EV) models, including the much-anticipated GT 30, whose price and key details were revealed during the event.

Pakistan's electric vehicle (EV) market is poised for substantial growth, fueled by growing awareness of environmental concerns, escalating fuel prices, and supportive government initiatives to promote green mobility. Industry estimates project that the EV market in Pakistan will grow by over 80%, with two-wheelers leading the charge due to their affordability and practicality for urban commuting by the end of next year.

As an established player in the Pakistani market, Yadea is poised to capitalize on this momentum. By introducing premium yet affordable electric scooters and committing to capture market share by 20% in electric mobility solutions by the end of 2025, Yadea is set to play a pivotal role in shaping the country's transition toward sustainable transportation.

"Yadea's continued commitment to Pakistan reflects our belief in its immense potential for electric mobility," said Muhammad Salman, Managing Director, Yadea Pakistan. "We are driving the growth of the EV market by introducing cutting-edge products, creating jobs through our extensive dealership network, and boosting economic activity in the EV sector. Our 24-month battery warranty sets a new standard of reliability, and we are proud to be a part of Pakistan's journey toward a greener, more sustainable future."

The GT 30 is engineered to meet the demands of urban commuters while offering a blend of performance, comfort, and style. Powered by a 1000W motor and equipped with a 60V23Ah graphene battery, the GT 30 provides exceptional efficiency and reliability. Its sleek design includes an LED dashboard and lighting system, ensuring both functionality and modern aesthetics.

Built with dimensions of 1775 × 675 × 1250 mm, the GT 30 provides a comfortable riding experience with 400mm pedal space and a 650mm seat length. Safety and reliability are ensured through the front disc and rear drum brakes, hydraulic shock absorbers, and aluminum wheels. Additionally, the GT 30 offers advanced features such as NFC unlocking technology and a spacious 17L storage bucket, making it a versatile choice for everyday commuters.

Yadea announced that the GT 30 will be available at a competitive price of PKR 189,000/-, making premium electric mobility accessible to the masses.

A major highlight of the event was Yadea Pakistan's introduction of the first-ever 24-month battery warranty, the longest in the market. No other EV brand in Pakistan currently offers this level of assurance. This bold move underscores Yadea's confidence in the quality and durability of its products, setting a new industry benchmark.
Yadea Pakistan also unveiled a glimpse of upcoming YADEA Global models, including the GT60, C16, and Ezeego. These innovative electric two-wheelers are set to launch in the near future, further expanding the company's diverse product lineup.

With over 100 million units sold globally, Yadea has already established itself as a trusted name in electric two-wheelers. Its operations in Pakistan represent a continued effort to advance sustainable mobility and contribute to a greener future.

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Turkey detains nine people over ski resort hotel fire that killed 76

ANKARA, Jan 22 (Reuters) - Turkey has detained nine people, including the owner of the hotel, in connection with a deadly fire that claimed the lives of 76 people and injured dozens at a ski resort in western Turkey, Interior Minister Ali Yerlikaya said early Wednesday.

Yerlikaya also reported that the bodies of 45 victims had been handed over to their families, while DNA tests were being conducted to identify the remaining bodies at the forensic institute.

The fire occurred at the Grand Kartal Hotel in the Kartalkaya ski resort in the Bolu mountains.

The hotel, where the fire broke out, expressed deep sorrow in a statement on Wednesday and pledged full cooperation with the investigation.

"We are cooperating with authorities to shed light on all aspects of this incident," the statement said. "We are deeply saddened by the losses and want you to know that we share this pain with all our hearts."

The 12-storey hotel, which had 238 registered guests, was consumed by flames after the fire started on the restaurant floor around 3:30 a.m. (0030 GMT). Survivors described scenes of panic as they fled through smoke-filled corridors and jumped from windows to escape.

Authorities are facing growing criticism over the hotel's safety measures, as survivors reported that no fire alarms went off during the incident. Guests said they had to navigate the smoke-filled corridors in complete darkness.
Thousands of Islamic State fighters are held inside this heavily fortified prison guarded by Kurdish forces in northeastern Syria.

President Tayyip Erdogan declared Wednesday a day of national mourning following the tragedy, which occurred during the peak of the winter tourism season, with many families from Istanbul and Ankara travelling to the Bolu mountains for skiing.

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L'Oréal Professionnel Institute of Pakistan launches in Lahore

Lahore: After the successful launch in Karachi in 2023, L'Oréal Pakistan reaffirmed its unwavering commitment to creating opportunities for women by expanding one of its pioneering initiatives, L'Oréal Professionnel Institute of Pakistan (LPIP), to Lahore, in partnership with Hifsa Khan Salon and Spa. A special ceremony on the 20th of January 2025 commemorated the occasion and reiterated the vision behind the program: to explore and unlock the potential of the hairdressing community in Pakistan.

  

Launched in 2023, LPIP offers an internationally certified education program focused on dispensing theoretical knowledge, offering affordable trainings and practical workshops to aspiring and existing hairstylists across Pakistan. Having cultivated an impactful presence in Karachi, LPIP will now continue its mission of partnering with women-centric NGOs and organizations to provide avenues through which it can eliminate barriers like the lack of resources or direction and instead, offer professional hairdressing education –encouraging participants to become career-oriented and financially independent as a result.  

"Expanding the L'Oréal Professionnel Institute of Pakistan to Lahore is more than just geographic growth –it represents our undeterred belief in the transformative power of education. By equipping Pakistani women with the skills to become self-reliant, as well as professional, we are not just opening doors, we are building pathways towards dignity, independence, and a brighter future for the communities they serve. Lahore's rich heritage of creativity and craftsmanship makes it the perfect place to nurture the next generation of beauty leaders who will be a catalyst for creating the beauty that moves the world." said Qawi Naseer, Country Managing Director, L'Oréal Pakistan.

Celebrating the occasion, Hifsa Khan stated, "Partnering with L'Oréal to bring the Professionnel Institute to Lahore is a dream come true for me. Our city is brimming with talent and ambition, and this initiative will give countless women the opportunity to turn their passion into a sustainable livelihood. Together, we are not just shaping careers; we are shaping futures, inspiring confidence, and creating a legacy of empowered women who will lead the beauty industry forward."

L'Oréal Pakistan firmly believes in the importance of economic mobility and financial empowerment for women, striving to create extensive avenues for their success. Supporting women is not only a moral imperative but also a pathway toward building a more equitable and sustainable society.

LPIP's program offers a comprehensive four-month curriculum covering hairdressing skills, business acumen, and hands-on practical experience through internships. L'Oréal Pakistan will continue its practice of offering scholarships to 50% of the students per batch, fully funded by the company. Moreover, L'Oréal will facilitate job placements for all successful graduates, including opportunities to join Salon Expert salons.

Visit https://www.instagram.com/lorealpro_education_pakistan/  to see more about the program.

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PTCL Group and PPAF Celebrate Empowerment and Success Through Ba-Ikhtiar Project

Islamabad – January 22, 2025: PTCL Group, in collaboration with the Pakistan Poverty Alleviation Fund (PPAF), hosted an inspiring event to celebrate the remarkable achievements of women entrepreneurs empowered through the Ba-Ikhtiar Project under Group's Social Impact platform 'Dil Se'. The initiative is fostering financial independence and paving the way for sustainable growth of women entrepreneurs through building successful e-commerce stores. PTCL Group is committed to empowering these women by supporting them in registering their startup and providing mentorship until they can run their business independently.

  
Additionally, the program's expansion to 20 districts under the Ba-Ikhtiar initiative aims to transform communities across Pakistan. This expansion will broaden the project's scope to encompass diverse skill sets, including pottery, arts and crafts, food preservation, online tutoring, organic cosmetics, and more.

The event celebrated the resilience and determination of women entrepreneurs, who have successfully turned challenges into opportunities. His Excellency, Hamad Obaid Ibrahim Salem Alzaabi – Ambassador of the United Arab Emirates to Pakistan graced the event as chief guest. Corporate partners, development sector organizations, and academia were present at the event, along with prominent figures from the entertainment, fashion, sports, and industry sectors. Esteemed personalities such as Kubra Khan, Hareem Farooq, Sana Mir, Ali Xeeshan, and Naseem Hameed added a touch of glamour and prestige. Their support further highlighted the event's significance, which was already brimming with inspiring stories of transformation, growth, and success.

The event also featured a thought-provoking panel discussion, bringing together renowned personalities from diverse fields, including Sania Saeed, Jehan Ara, Azima Dhanji and Zarene Asif, who shared key insights on global best practices in women empowerment, the role of technology in solving societal challenges, and the strategies needed for women to successfully navigate the entrepreneurial landscape.

 
The highlight of the day was Pakistan's first-ever AI-powered fashion show, where the women entrepreneurs showcased clothing designs created in collaboration with artificial intelligence.


This innovative segment underscored the Ba-Ikhtiar Project's commitment to leveraging cutting-edge technology to drive social change, reflecting how creativity and technology can unite to inspire new possibilities.  

Speaking at the grand event, Hatem Bamatraf, President and Group CEO, PTCL & Ufone 4G, emphasized on the program's broader significance, stating: "The Ba-Ikhtiar Project is more than just a program; it is a movement that empowers women to unlock their potential by providing them with the necessary resources and skills to succeed. Today, we celebrate not just their achievements but also the ripple effect of hope, resilience, and progress that they bring to their families, communities, and society at large."  

The CEO of PPAF, Nadir Gul Barech, further highlighted the critical role of partnerships: "When organizations unite under a shared vision, the impact can be truly transformative. Ba-Ikhtiar exemplifies how the private sector's innovation and the development sector's community insights can converge to create meaningful and sustainable change. This is the power of collaboration in action."  

The event also spotlighted inspirational success stories, including two participants, who represented Pakistan at Gitex Global 2024 in Dubai, one of the world's largest tech events. Ms. Mariam Hussain shared how the Ba-Ikhtiar Project enabled her to showcase the entrepreneurial ventures on a global platform, demonstrating the transformative impact of empowerment and opportunity. 

 
The Ba-Ikhtiar Project continues to stand as a beacon of empowerment. Through this initiative, participants have gained critical skills, including digital literacy, financial management, business development, and e-commerce. These tools have enabled them to build thriving businesses and fundamentally transform their lives.  

The event reaffirmed the commitment of PTCL Group and PPAF, along with partners, National Rural Support Program (NRSP), U Microfinance Bank (U Bank) and Daraz to expanding the reach of the Ba-Ikhtiar Project, introducing additional skill-building initiatives, and creating broader opportunities for women across Pakistan. Both organizations envision a future where every woman has the tools, confidence, and support to thrive, fostering resilience and enabling communities to flourish. 

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Finance minister meets Malaysian PM, Chief Advisor BD on sidelines of WEF

ISLAMABAD, Jan 22 (APP): Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Wednesday met with Prime Minister of Malaysia, Anwar Ibrahim and Bangladesh Interim Government's Chief Advisor, Dr. Muhammad Yunus on the sidelines of the Annual Meeting of the World Economic Forum in Davos.

The minister attended the opening dinner of the World Economic Forum Annual Meeting 2025, hosted by Professor Klaus Schwab, Founder of the World Economic Forum (WEF) and Hilde Schwab, Chairperson of the Schwab Foundation for Social Entrepreneurship, said a press release. 

The finance minister also met with Professor Klaus Schwab, Hilde Schwab and Anita Zaidi, President of Gender Equality at the Bill and Melinda Gates Foundation.

Finance minister meets Malaysian PM, Chief Advisor BD on sidelines of WEF

They discussed collaborative efforts undertaken in improving nutrition, health, and polio eradication.

The minister apprised the foundation of the Government of Pakistan's commitment to advancing these vital health initiatives and its partnership with the foundation.Pakistani cuisine recipes

He also met with Yuvraj Narayan, Deputy CEO and CFO, and Rizwan Soomar, CEO and MD of DP World.

Discussions focused on enhancing infrastructure and logistical frameworks in Pakistan to boost trade.

Muhammad Aurangzeb assured that the government values its partnerships in B2B and B2G collaboration and looks forward to advancing collaborative projects.

The Minister also met Kaan Terzioglu, CEO of VEON, and Aamir Ibrahim, CEO of Jazz, on the sidelines of the Annual Meeting of the World Economic Forum.

The discussions focused on the expansion of existing cooperation in fintech services and the broadening of digital inclusivity in Pakistan.

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CCP clears 95.59% share acquisition of Alfalah Securities by Optimus Capital

ISLAMABAD (APP -  January 20, 2025): The Competition Commission of Pakistan (CCP) has approved the acquisition of a 95.59 percent shareholding in Alfalah Securities (Private) Limited (ASPL) by Optimus Capital Management (Private) Limited (OCMPL) under a Share Purchase Agreement, following a comprehensive competition assessment.

The CCP identified the relevant product market as 'brokerage services', encompassing services provided by equity brokers for executing trading orders and related activities, said a press release issued here on Monday.

The assessment concluded that ASPL's considerably low market share ensures that the transaction does not establish a dominant market position for OCMPL.

The equity brokerage services market in Pakistan remains diverse and accessible, with regulatory oversight provided by the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX). The consolidation is expected to drive efficiency gains and elevate service standards within the market.

While the transaction will slightly increase OCMPL's market share, the CCP found no substantial concerns regarding potential unilateral or coordinated anti-competitive effects. The equity brokerage market in Pakistan continues to demonstrate resilience and accessibility, ensuring healthy competition.

Optimus Capital Management (Private) Limited is a privately-owned company incorporated under the laws of Pakistan, specializing in equity brokerage services, including stock and securities trading in the capital markets. Alfalah Securities (Private) Limited, also a privately-owned company, focuses on equity brokerage services, offering trading solutions in equity markets.

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Interfaith collaboration, a solution to mitigate impacts of climate change on PakistanPakistani cuisine recipes

PESHAWAR, Jan 16 (APP):Pakistan is increasingly experiencing the impacts of climate change, calling for immediate action to turn these challenges into opportunities.Pakistani cuisine recipes

Sustainable agriculture, renewable energy, and public awareness initiatives are key to combating this crisis. Collective efforts can yield positive changes not only for Pakistan but also on a global scale.

In response to these challenges, the Umeed Project, supported by the U.S. Consulate General Peshawar and the Center for Social Education and Development, organized workshops in Malakand, Swat, and Abbottabad.
According to a press release of Umeed Project on Thursday, the workshops emphasized interfaith collaboration, guiding participants on mobilizing their communities for environmental conservation.

The training program, comprising six workshops, brought together religious leaders, local government representatives, civil society members, media professionals, and youth organizations. This diverse participation ensured a comprehensive approach to addressing climate challenges.

Participants acknowledged climate change as a "crisis of survival" for both urban and rural communities in Khyber Pakhtunkhwa. They explored strategies for collaboration, addressing environmental challenges, and encouraging community engagement. Religious leaders committed to incorporating environmental conservation into their sermons, lectures, and gatherings to raise awareness and inspire action.

The workshops highlighted the critical roles of youth and women in addressing climate change. Participants agreed to involve these groups in community action projects under the Umeed Project. They recognized that empowered youth and women can provide sustainable solutions and drive effective campaigns against climate change.Pakistani cuisine recipes. 

Institutional collaboration was identified as essential for implementing grassroots environmental initiatives. Religious leaders were seen as key connectors between citizens and policymakers, strengthening the foundation for effective and sustainable climate action.

Media was also acknowledged as a vital tool for promoting interfaith collaboration and raising awareness about combating climate change.

The workshops fostered unity among religious leaders, emphasizing their shared ethical responsibility to advocate for environmental protection. This unified approach reflects the understanding that safeguarding the environment is a collective duty.

To address climate change effectively, Pakistan needs a comprehensive national strategy. Government agencies, private sectors, civil society, and individuals must work together to preserve natural resources, promote sustainable development, and ensure a secure and prosperous future for coming generations. Although challenging, the resilience and determination of the people of Pakistan provide hope for overcoming this crisis.

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Samrah Enterprises and Plankton Fisheries Unveil Premium Fresh Seafood Range

Karachi: Samrah Enterprises, Pakistan's leading brand marketing company and owners of Fresh St!, has teamed up with Plankton Fisheries to launch a new line of premium deep-sea caught seafood. This innovative range includes a variety of fish and shrimp, processed with Individually Quick Frozen (IQF) technique to preserve freshness, at the HACCP and UKAS certified facilities to ensure the highest standards of food safety and quality.

Both Samrah Enterprises and Plankton Fisheries are dedicated to providing top-tier products that focus on freshness, taste, and ethical sourcing practices. Every product in the Fresh St! Seafood range meets the highest export standards, ensuring a premium product that consumers can trust.

Speaking at the occasion, Mrs. Samrah Munsub, Director Samrah Enterprises, said "Our mission is to promote Made in Pakistan products to the international markets, and we will continue it with our latest offerings, including the signature "Fresh St! Strimps", the newest addition to our long list. The deep-sea catch ensures superior taste and quality, setting this product apart in a competitive seafood market."

Expressing his joy, Mr. Muslim Mohammedi, Director Plankton Fisheries, said "We are happy to have partnered with Samrah Enterprises for providing fresh deep sea-catch products. There is a growing demand for premium seafood, particularly in the North America, Europe, and the Asia-Pacific regions, where consumers are becoming more conscious of the quality, sourcing, and sustainability of the food they purchase. The Fresh St! products are poised to meet the global demand by offering international consumers a high-quality and responsibly sourced product."

The Fresh St! Strimps and other products are designed for busy home chefs and professionals alike, with convenient packaging that caters to modern consumers looking for quick, nutritious meal options. The product's superior flavor profile and ethical sourcing will resonate with those who prioritize both sustainability and premium quality in their food choices.

The agreement was inked in a simple yet elegant ceremony between Mrs. Samrah Munsub, Director, Samrah Enterprises and Mr. Muslim Mohammedi, Director, Plankton Fisheries, in presence of Mr. Abraruddin, Founder Naheed Supermarket, Munsub Abrar, MD Naheed Supermarket, Zeeshan Lohya, Founder America-Pakistan Business Development Forum, Syed Nasser Wajahat, General Secretary AMPAK-BDF, Muhammad Fahad, COO Naheed.pk, Syed Muhammad Salman, Chief Growth Officer Samrah Enterprises, Sajid Hameed Khan, VP Sales Samrah Enterprises, Muhammad Rehan, Director Rehan & Sons, Asim Mohammedi, Director Plankton Fisheries, among others.
The highlight of the event was the fresh servings of the Fresh St! Strimps and other quality products, which was enjoyed and praised by all present.

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​Empowering Educators for Climate Action: From Grassroots to Governance

Policy Dialogue on Climate Action Fellowship 2024 concludes in Islamabad.

Islamabad: The Aga Khan University Institute for Educational Development (AKU-IED), in collaboration with the US Mission in Pakistan, successfully hosted the final Policy Dialogue for the Climate Action Fellowship 2024 at F-11 College, Islamabad. The event marked the culmination of a yearlong fellowship that empowered 50 educators from Khyber Pakhtunkhwa (KP) as climate champions, catalysing grassroots efforts into tangible policy recommendations.

With the global climate crisis intensifying, KP faces disproportionate risks due to its fragile ecosystems, frequent floods, and glacial melt. Educators are uniquely positioned to mitigate these challenges through awareness and action.

"This fellowship enabled collective action through educators in Khyber Pakhtunkhwa" said Dr Fozia Parveen, Assistant Professor at AKU-IED and Principal Investigator of the fellowship. "By connecting grassroots initiatives to governance, we aim to drive sustainable, long-term change." The culmination event also launched two books published by the fellows, one fiction novel and another short story compilation as well as a student contribution from Chitral.

The dialogue brought together policymakers, educational experts, and fellows to discuss integrating climate change education into provincial and national frameworks. Senior representatives from the Ministry of Education, the Ministry of Climate Change, and KP government attended the event.

Whilst signing the Letter of Notification,  Mr Masood Ahmad, Secretary, Elementary & Secondary Education Department, KP highlighted "This project has provided opportunities for teacher of KP passionate about environment to drive local action, we in the department would like to welcome such initiatives in future as well, as climate change is impacting us everyday"

The event featured presentations on fellowship outcomes and grassroots initiatives, a policy dialogue aligning climate education with national priorities and a showcase of 50 grassroots projects, including reforestation and waste management campaigns.

A panel discussion featured esteemed panelists and senior educationists, including: Dr A.H. Nayyer – Renowned Pakistani Physicist and Scholar; Sarah Mehmood - Manager Environment and Social Safeguarding, WWF; Dr Qaisar Imran – Manager Research, National Institute of Disaster Management; Dr Farid Panjwani, Professor and Dean, AKU-IED; and Dr Riaz Hussain, Assistant Professor and Head, Professional Development Centre Chitral, AKU-IED.

The fellowship's top 20 projects received incentives to promote scalability and sustainability. Fellows emphasized the urgent need for curriculum reforms, teacher training, and collaboration with local communities to advance climate education.

The Climate Action Fellowship 2024 is a joint initiative of AKU-IED and the U.S. Mission in Pakistan. By building capacity and fostering collaboration, it underscores the key role of education in addressing the climate crisis and bridging the gap between policy and practice.

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realme Note 60x: Pakistan’s Favorite Entry-Level Smartphone Series is Back with Enhanced Durability

Building on the success of the realme Note series, which launched in March 2024 to widespread acclaim, the Note 60x continues to raise the bar for entry-level smartphones.
realme continues to redefine the entry-level smartphone market with the launch of the realme Note 60x, a device that blends exceptional durability, smooth performance, and affordability. Available in two striking colors, Wilderness Green and Marble Black, the Note 60x raises the standard for budget-friendly smartphones, offering users an uncompromising experience.

Built for durability, the realme Note 60x features the newly upgraded ArmorShell Protection, making it one of the toughest devices in its category. Its IP54 dust and water resistance ensures protection against everyday accidents like splashes and light rain, while the reinforced glass and robust die-cast aluminum frame provide enhanced drop and bend resistance. The design integrates silicone-sealed circuit boards, a screen protection bezel, and a coated protection film, making the phone reliable even in challenging environments. These structural reinforcements not only enhance its longevity but also make it stand out in a competitive segment.

The Note 60x is powered by a 5000mAh battery, which delivers up to 48 hours of standby time on a single charge. The long-lifespan battery retains over 80% capacity even after numerous charge cycles, ensuring years of consistent performance. This endurance makes the Note 60x a dependable companion for users who need all-day power without worrying about frequent recharges.

Performance is another area where the Note 60x shines as an entry-level device. Equipped with the T612 Octa-Core Processor, it ensures smooth gameplay, fast app launches, and efficient multitasking. The device's AI Boost Engine and up to 8GB of dynamic RAM further enhance speed and responsiveness. With an AnTuTu score of over 261,000, the Note 60x delivers unparalleled performance for its price range. Additionally, its 48-month fluency warranty guarantees consistent and reliable usage over the years, further cementing its position as a standout entry-level device.

The 6.74-inch 90Hz Eye Comfort Display provides a vibrant and smooth viewing experience, ideal for gaming, streaming, and everyday browsing. Its 90Hz refresh rate, combined with a high screen-to-body ratio of 90.3%, offers an immersive visual experience. The display's eye-comfort mode reduces blue light emissions, ensuring strain-free usage during extended screen time.

Despite its robust features, the Note 60x maintains a sleek and lightweight profile, with a thickness of just 7.84mm and a weight of 187g. The stylish straight-edged frame and nano-level lithography design give the phone a premium aesthetic that belies its budget-friendly price. Practical features like the rainwater smart touch functionality ensure seamless usage even in wet conditions, while the mini capsule 2.0 provides quick access to notifications, battery level, and more.

Building on the success of the realme Note 60, which launched last year to widespread acclaim, the Note 60x seems to be another exciting addition to Pakistan's favorite entry-level smartphone line. With significant features in terms of durability, performance, and design, it continues to uphold realme's promise of delivering premium experiences at affordable prices, solidifying its place as the best entry-level smartphone on the market. 

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PARCO MD Visits Descon Engineering’s Head Office to Celebrate Project Success

Lahore: The Managing Director of PARCO -Irteza Ali Qureshi, a valued client of Descon Engineering for over 25 years, recently visited Descon's Head Office to commemorate the successful completion of a major Turnaround project delivered by Descon Engineering. This visit was a proud moment, symbolizing not just a recognition of Descon's technical expertise but also a gesture of appreciation from the highest leadership at PARCO.

During the celebration, Mr. Qureshi applauded Descon for its unwavering commitment to excellence, safety, and timely execution of critical projects. He also emphasized the importance of Descon's contributions to the energy sector over the years.

Mr. Taimur Saeed, CEO of Descon Engineering stated, "We are honored to celebrate this milestone together. This achievement underscores Descon's dedication to delivering world-class solutions while upholding the highest standards of safety and performance. Our long-standing relationship with PARCO is a source of pride, and we remain committed to supporting their vision with innovation, reliability, and excellence."

Adding to the celebration, Muhammad Anwar ul Haq, President of the Industrial Services Division at Descon, who led the charge on this project, said that, "The successful execution of this Turnaround project is a testament to the hard work and commitment of our teams. I am proud of their dedication and technical proficiency in overcoming challenges and delivering outstanding results. We remain steadfast in our commitment to setting new standards in the energy sector and building on this partnership with PARCO."

This moment not only highlights the success of the recent Turnaround project but also reinforces Descon's position as a trusted industry leader. It is yet another chapter in a relationship built on over two decades of shared success, mutual respect, and enduring collaboration.

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realme Note 60x: Pakistan’s Favorite Entry-Level Smartphone Series is Back with Enhanced Durability

Building on the success of the realme Note series, which launched in March 2024 to widespread acclaim, the Note 60x continues to raise the bar for entry-level smartphones.
realme continues to redefine the entry-level smartphone market with the launch of the realme Note 60x, a device that blends exceptional durability, smooth performance, and affordability. Available in two striking colors, Wilderness Green and Marble Black, the Note 60x raises the standard for budget-friendly smartphones, offering users an uncompromising experience.

Built for durability, the realme Note 60x features the newly upgraded ArmorShell Protection, making it one of the toughest devices in its category. Its IP54 dust and water resistance ensures protection against everyday accidents like splashes and light rain, while the reinforced glass and robust die-cast aluminum frame provide enhanced drop and bend resistance. The design integrates silicone-sealed circuit boards, a screen protection bezel, and a coated protection film, making the phone reliable even in challenging environments. These structural reinforcements not only enhance its longevity but also make it stand out in a competitive segment.

The Note 60x is powered by a 5000mAh battery, which delivers up to 48 hours of standby time on a single charge. The long-lifespan battery retains over 80% capacity even after numerous charge cycles, ensuring years of consistent performance. This endurance makes the Note 60x a dependable companion for users who need all-day power without worrying about frequent recharges.

Performance is another area where the Note 60x shines as an entry-level device. Equipped with the T612 Octa-Core Processor, it ensures smooth gameplay, fast app launches, and efficient multitasking. The device's AI Boost Engine and up to 8GB of dynamic RAM further enhance speed and responsiveness. With an AnTuTu score of over 261,000, the Note 60x delivers unparalleled performance for its price range. Additionally, its 48-month fluency warranty guarantees consistent and reliable usage over the years, further cementing its position as a standout entry-level device.

The 6.74-inch 90Hz Eye Comfort Display provides a vibrant and smooth viewing experience, ideal for gaming, streaming, and everyday browsing. Its 90Hz refresh rate, combined with a high screen-to-body ratio of 90.3%, offers an immersive visual experience. The display's eye-comfort mode reduces blue light emissions, ensuring strain-free usage during extended screen time.

Despite its robust features, the Note 60x maintains a sleek and lightweight profile, with a thickness of just 7.84mm and a weight of 187g. The stylish straight-edged frame and nano-level lithography design give the phone a premium aesthetic that belies its budget-friendly price. Practical features like the rainwater smart touch functionality ensure seamless usage even in wet conditions, while the mini capsule 2.0 provides quick access to notifications, battery level, and more.

Building on the success of the realme Note 60, which launched last year to widespread acclaim, the Note 60x seems to be another exciting addition to Pakistan's favorite entry-level smartphone line. With significant features in terms of durability, performance, and design, it continues to uphold realme's promise of delivering premium experiences at affordable prices, solidifying its place as the best entry-level smartphone on the market. 

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