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Archive for the ‘Press Releases’ Category

LG Expands Its Mid-Range K Series with Two New Models

Friday, April 1, 2016

Karachi, April 01, 2016: Following the rollout of the K10, K7 and K4 earlier this year, LG Electronics (LG) announced that two new members of its K Series lineup, K8 and K5, will be introduced in key markets this week. The K8 will be available to consumers in regions including Asia, Africa, the Middle East, CIS and Latin America. The K5 will target customers in Europe, CIS and Latin America (model name Q6 in Mexico).

LG K8 LTE and K5

Revealed publicly for the first time at CES 2016, the K Series delivers a feature-rich UX and an advanced camera without the premium price. Its brilliant finish was influenced by the glossy pebble design language of previous K Series devices which imparts a luxuriousness and modern look to the collection.

The K8 is most notable for its premium design highlighted by smooth, curved edges as a result of its 2.5D Arc Glass while its woven back cover offers a comfortable and secure grip. Users can enjoy clear, crisp images on the HD-quality display and take incredible selfies with the 5MP front camera and popular options such as Gesture Interval Shot and Flash for Selfie.

To offer a superb viewing experience, the K5 sports a best-in-class 5-inch display matched to a sleek, metallic body. The 2MP camera on the front with Gesture Shot makes taking selfies even more fun and with three different colors to choose from — Gold, Silver and Titan — the K5 is sure to stand out in its category of mostly black and grey competitors.

“We are aware of the diverse needs and wants of our customers around the world and our goal is to deliver the best products to meet their expectations,” said Juno Cho, President and CEO of LG Electronics Mobile Communications Company. “The K8 and K5 will be fantastic choices for anyone who is seeking a smartphone with great looks, great looks, at a great price.”

K8 Key Specifications:*

  • Display: 5.0-inch HD In-cell Touch
  • Chipset: 1.3GHz Quad-Core
  • Camera: Rear 8MP / Front 5MP
  • Memory: 1.5GB (EU, NA) / 1GB (LATAM) / microSD
  • Battery: 2,125mAh (removable)
  • Operating System: Android 6.0 Marshmallow
  • Size: 144.6 x 71.5 x 8.7mm
  • Connectivity: Wi-Fi 802.11 b, g, n / Bluetooth 4.2 / NFC / USB 2.0
  • Colors: Gold / Indigo / White

K5 Key Specifications:*

  • Display: 5.0-inch FWVGA
  • Chipset: 1.3GHz Quad-Core
  • Camera: Rear 5MP / Front 2MP
  • Memory: 1GB RAM / 8GB ROM / microSD
  • Battery: 1,900mAh (removable)
  • Operating System: Android 5.1 Lollipop



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LG Stylus 2 First Smartphone to Support Dab+

Monday, April 11, 2016

Karachi, April 11, 2016: LG Electronics (LG) today unveiled the world’s first smartphone to feature DAB+, the de facto standard for digital radio broadcasting. LG introduced its newest smartphone at Radiodays Europe 2016 in Paris, the world’s largest radio conference. Consumers in Australia, Belgium, Germany, Italy, Netherlands, Norway and the United Kingdom will be the first to receive the LG Stylus 2 with DAB+.

LG Stylus2 DAB plus

As the world’s first smartphone with DAB+, the LG Stylus 2 features a DAB+ chipset and an exclusive app that allows customers to enjoy digital radio broadcasts out of the box. A technical interface also enables broadcasters to develop their own tailored apps in which internet services complement broadcasted radio.

Users will be able to access more radio channels with DAB+ than traditional FM. Unlike regular radio apps that stream large amounts of data, DAB+ radio provides excellent audio quality for free, as it uses no data.

DAB+ is expected to replace FM analog radio and already reaches over 500 million people in 40 countries around the world. LG collaborated with the International DMB Advancement Group (IDAG) to include DAB+ technology in the new LG Stylus 2.

“We are taking a proactive approach towards the fast-paced technological shift to digital broadcasting with DAB+ to deliver a new paradigm of experiences through the smartphone,” said Juno Cho, president and CEO of LG Electronics Mobile Communications Company. “With its large 5.7-inch screen, 1 watt speaker and 3,000mAh removable battery, the LG Stylus 2 is the perfect device to enjoy rich, multimedia content.”

“We are proud to help introduce a game-changing smartphone with an innovative company like LG. The combination of broadcasting and the internet opens up a vast array of possibilities for the future,” said Gunnar Garfors, president of IDAG. “Consumers get new functionalities and media companies reach new audiences with more broadcasted free-to-air radio.”

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LG Leads Top-Tier Awards Count from Global Design Authority Red Dot

Wednesday, April 27, 2016

Karachi, April 27, 2016: LG Electronics (LG) has emerged as the clear winner in this year’s Red Dot Awards for design excellence. LG’s impressive 32 honors include two Best of the Best awards and 30 Red Dot Awards. As a recipient of double Best of the Best awards in the same year, this recognition from Red Dot confirms LG’s place at the vanguard of both technology and design leadership.

LG win 32 awards

Among the products honored as setting the gold standard in design with Red Dot’s prestigious Best of the Best award were LG Electronics’ 4K OLED TV (model 65E6) and Bottom-Freezer Refrigerator (model GA- B489SADN/GA-B489TADN), helping to give LG a diverse portfolio of award winning products unmatched by any other company.

Red Dot is widely seen as one-third of the world’s top design committees, along with the iF Design Awards and IDEA (International Design Excellence Awards). This year, out of a total 5,214 products submitted from around the world, only approximately 70 products were designated Best of the Best for their innovation and design leadership.

The LG 4K OLED TV boasts a slick appearance and chic charms while maintaining the distinctive design of LG’s premium OLED televisions. Complete with the company’s unique Picture-on-Glass concept, the LG 4K OLED TV exudes an aura of class and sophistication while bridging the gap between modern trends and timeless style. Equal parts television and modern art masterpiece, the polished LG 4K OLED TV is approachable from any angle, effortlessly blending into any environment.

LG’s emphasis on forward-thinking design can also be clearly seen in its sophisticated Bottom Freezer Refrigerator. Unlike other models that implement unwieldy bar handles that project outward from the refrigerator, the Bottom Freezer Refrigerator features an innovative Easy Open Handle that is tucked away at the bottom of the door, making it almost completely imperceptible. The refrigerator’s stylish trim is also equipped with refined mood lighting, making the doors easy to open at all hours of the day.

In addition to its two Best of the Best awards, LG received 30 additional honors from the judges at Red Dot. The LG SIGNATURE Refrigerator was honored for its Knock-on Door-in-Door™ and Auto Door Open features while the LG SIGNATURE Washer was recognized for its double load capability as well as its touch-enabled user interface in its glass door. Judges were also impressed by the LG SIGNATURE Air Purifier with its transparent window that allows users to watch the air purifying process at work. The LG SIGNATURE OLED TV was also honored, with judges citing its ultra-thin 2.57 mm glass panel and other luxurious elements. The LG G5 smartphone, featuring a sleek, metal uni-body with a Slide-out Battery and Modular Type design, also received honors along with three LG “Friends” (360 VR, 360 CAM, TONE Platinum), a collection of companion devices.

“We are extremely honored to receive these prestigious awards for our efforts to drive design innovation in consumer electronics and appliances,” said Noh Chang-ho, head of LG Electronics’ corporate design center. “LG is committed to design excellence and these awards are affirmation that we are on the right track.”


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BASF announces new Lumina® Royal and Cinquasia® pigments at the 2016 American Coatings Show

Wednesday, April 13, 2016

Global launch of three pigments offering enhanced styling and formulation options

Karachi, Wednesday, April 13, 2016 — BASF will unveil three new globally available pigments during the 2016 American Coatings Show (ACS) at the Indiana Convention Center in Indianapolis from April 12-14.

The new Lumina® Royal Dragon Gold EH 0908 is a highly chromatic green gold interference mica pigment that offers the highest lightness and strongest sparkle in styling for golds and greens. It extends the color space potential of high chroma shades for architectural, print packaging, plastics, consumer electronics, kitchen and major appliances, sporting goods, cosmetic and personal care packaging, wall coverings and other specialty applications.

“The addition of Dragon Gold to the Lumina® Royal line of pigments helps designers achieve highly chromatic colors previously unobtainable,” said Andre Bendo, technical account manager, BASF. “Our customers will be able to formulate new looks of green gold hues with exceptional chromaticity and brilliance.”

Lumina® Royal Dragon Gold joins five previously launched highly chromatic Lumina Royal pigments including Blue, Aqua, Indigo, Copper and Magenta that are being widely adopted.

BASF is also launching two new quinacridone-based Cinquasia® Magenta pigments targeted for the automotive, refinish and high end industrial markets. Cinquasia® Uniflow Magenta EH 4555 is a highly chromatic, transparent, blue side Pigment Red 202 with 20+ percent higher tint strength than existing pigments. Cinquasia® Uniflow Magenta EH 4505 is an even more highly chromatic, yellow side transparent magenta. These next generation pigments allow formulators to achieve highly saturated and chromatic red, violet and blue shades. In addition, both pigments exhibit excellent flow behavior that allow for higher pigment loads in most solvent-borne and water-borne paint systems.

“Our Cinquasia® range already offers the broadest selection of quinacridone magenta pigments in the market,” said Claudia Sierakowski, senior industry manager pigments, automotive, BASF. “By developing the more blue and yellow side highly chromatic and transparent magenta quinacridones, BASF has once again extended the achievable color space for our formulating customers.”

In addition to new pigment launches, Wally Kesler, an industrial coatings technical specialist for BASF, will explain how pigments can be used to manage heat build-up in exposed coated surfaces as he presents Modeling of Total Solar Reflectance as a Formulation Tool from 4:30 p.m. to 5 p.m. on Tuesday, April 12 during the American Coatings Conference, offered in conjunction with the ACS. The presentation will focus on the virtual tools capable of predicting Total Solar Reflectance (and resulting temperatures) of coatings which incorporate near IR reflecting pigments through use of BASF’s proprietary modeling software.

Visitors to the 2016 ACS can explore BASF’s innovative products on display at booth #1431 or by visiting  basf.us/acs2016.

About BASF‘s Dispersions & Pigments division
The Dispersions & Pigments division of BASF develops, produces and markets a range of high-quality pigments, resins, additives and polymer dispersions worldwide. These raw materials are used in formulations for coatings and paints, printing and packaging products, construction chemicals, adhesives, fiber bondings, plastics, paper as well as for electronic applications such as displays. With its comprehensive product portfolio and its extensive knowledge of the industry, the Dispersions & Pigments division offers its customers innovative and sustainable solutions and helps them advance their formulations. For further information about the Dispersions & Pigments division, please visit  www.dispersions-pigments.basf.com.

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RB’s Pilot Project promises huge breakthrough in reducing the incidence of diarrhoea

Tuesday, April 12, 2016

Karachi, April 12, 2016: Reckitt Benckiser Pakistan (RB), manufacturers of Dettol, has announced its long-term commitment to fighting diarrhoea and improving health and hygiene practices in Pakistan during a press briefing held at Dhori village in Sargodha district. The announcement was made by Patricia O’Hayer, Global Head of External Communications and Affairs during her visit to Pakistan to evaluate the progress of the pilot project. The project is aimed at reducing the incidence of diarrhoea and improving health, hygiene and sanitation practices of the low-income households. “RB’s commitment to Pakistan involves initiating and sustaining such projects that can improve health and hygiene within the country. With this project RB aims to reduce the incidence of diarrhoea, particularly among children, and prevent child deaths due from diseases such as diarrhoea” she said. It is to be noted that diarrhea is the second leading cause of death from a preventable disease for children under 5 years of age. Pakistani children suffer from 25 million cases of diarrhea every year, with53,300 child deaths due to diarrhea related causes annually.

E. RB Event Picture

The campaign’s pilot, “Sehatmand Gharanay, Khushhal Pakistan”, was conducted in collaboration with Plan International, an NGO that already hasseveral Water, Sanitation and Hygiene initiatives across Punjab and many others all over Pakistan. RB’s collaboration and implementation of the innovative behavior change model has shown accelerated results. RB has also been instrumental in making the idea sustainable and empowering women by introducing an inclusive business model. Women, referred to as hygienists, from within the local community are empowered to become messengers of health and hygiene to households within the village. They carry a basket of productswhich isprepared in partnership with other private companies and includes excellent quality products at highly subsidized rates. The purpose of this campaign is to improve homes and lives across Pakistan through positive behavior change and to deliver a sustainable community engagement model by empowering women to take the lead in protecting their family health.

During the discussion with media, RB Pakistan’s Chief Executive, Shahzeb Mahmood, emphasized the fact that the Company’s business is directly related to improving public health and hygiene through introducing good sanitary practices in each home. He further stated, “The phrase charity begins at home applies above all to ensuring adoption of a hygienic lifestyle by all citizens. This is largely missing in low-income households.This is a leading cause of diseases such as diarrhoea which further results in high infant mortality. RB has therefore launched this campaign to bring about sustainable behaviour change through education and direct community involvement in improving health, hygiene and sanitation practices of these low-income households. We already have the government’s endorsement and look forward to the government’s continued support to have a far reaching impact across Pakistan.”

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10th Citi-PPAF Microentrepreneurship Awards Held

Wednesday, April 13, 2016

Karachi, April 13, 2016: Citi Foundation and the Pakistan Poverty Alleviation Fund hosted the 10th annual Citi Microentrepreneurship Awards (CMA) at Serena Hotel, highlighting the achievements of some of the most innovative microentrepreneurs in Pakistan.


Citi-PPAF Microentrepreneurship Awards program is a signature initiative of the Citi Foundation aimed at generating economic opportunities for low-income people including youth, around the globe. The awards program provides entrepreneurs with resources to strengthen their business, including access to networks, capital, tools and trainings, and enables individuals to create economic sustainability for themselves, their families and their communities. The Citi Foundation CMA program is supported with funding from the Citi Foundation and is hosted by local organizations that are committed to bringing solutions to scale through microfinance and entrepreneurship.

Qazi Azmat Isa, CEO of PPAF, said, “PPAF has led the development of microfinance in the country since it began operations in the year 2000. Our aim is to develop the grassroots economy of the country and supporting individuals to contribute effectively towards the socio-economic development of their households, communities and of Pakistan.”

He added, “The Citi–PPAF Microentrepreneurship Awards Program aims at rewarding entrepreneurial skills, leadership and best practices of individual microentrepreneurs. By highlighting award-winning microentrepreneurs, it creates awareness on the effectiveness and significance of microfinance as a tool in the fight against poverty. As of this year we have celebrated the achievements of 374 winners across Pakistan.”

The Chief Guest, Mr. Muhammad BalighurRehman, Minister of State for Federal Education and Professional Training, said, “Established by the last government of PML(N) in 1998, PPAF has since worked effectively in support of public policy to build  social and financial capital of the marginalised section of the society. Today, the 10th Citi-PPAF Micro-entrepreneurship Awards, is a wonderful example of public-private collaboration going on for a decade. I congratulate Citi Foundation for its role in poverty alleviation in the country and recognizing micro entrepreneurs for their innovative business practices. I also congratulate the 52 micro entrepreneurs, loan officers and their institutions present here today. Their enterprise has transformed microcredit loans into life changing opportunities for their families and communities.”

Mr.NadeemLodhi, CCO & MD, Citibank N.A., Pakistan, said, “I would like congratulate PPAF for their partnership and for successfully implementing the CMA Program in Pakistan for the last 10 years. The success of the 10th Citi–PPAF Microentreprenuership awards tells us that we are on the right path. Microfinance is a sustainable strategy for improving lives and promoting growth. Citi has contributed in many ways to building our past and we hope to build a better future by highlighting the success stories and supporting Microentrepreneurship. We hope to take this program to greater heights in years to come.”

In Pakistan, participating microentrepreneurs presented their businesses to microfinance experts and leaders from the public, private and academic sectors. In the interest of transparency, all the applications received from MFIs were screened by a third party before being passed on to members of the judging committee for final interviews. The awards were presented in the categories of most innovative MFI, best national male and female entrepreneurs, best entrepreneurs in each region, most innovative entrepreneur, overcoming adversity, young entrepreneur, and positive impact on community.

The Awards celebrate small business owners for their efforts in creating sustainable businesses in their communities. The program puts the spotlight on local microentrepreneurs who are helping to lift the economic fortunes of their communities, and generating greater opportunities to bring capital into their developing economies.

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HBL granted license to setup a branch in China

Tuesday, April 19, 2016

Karachi: April 19, 2016: HBL is proud to be the first bank from Pakistan to receive a license for setting up a branch in China. It is also the first South Asian bank to get the permission to set up its banking operations in Urumqi, the largest city in the province of Xinjiang, which borders Pakistan along the traditional Silk Route. Urumqi is a growing commercial and trade center and the regional hub for the Belt and Road Initiative in Central Asia.

E. HBL China branch license

To mark this occasion a special ceremony was held at the office of CBRC Xinjiang in Urumqi. Speaking on the occasion Chairman HBL, Mr. Sultan Ali Allana said, “We are extremely proud to have been granted a license to establish our branch operations in China. This is a moment of great happiness, and a reflection of the Bank’s regional and global standing. We are grateful to the banking and regulatory authorities of China and Pakistan for reposing their confidence in HBL.”

He further added, “It is a historic occasion and we are confident that it will pave the way for greater collaboration between Pakistan and China. HBL Urumqi branch will be a cornerstone of CPEC, which will Insha’Allah not only contribute to trade and commerce between the two countries, but will also become a conduit of progress and development for the region and its people in times to come.”

Also present at the occasion, President and CEO HBL, Mr. Nauman K. Dar said, “Pakistan and China have had strong political ties for over 60 years and the economic relationship is reaching new heights with the launch of CPEC. We at HBL strongly believe in the importance of financial cooperation and the role that HBL has to play in promoting trade and commerce between China and Pakistan. We feel very proud today as with the permission to operate in China we progress towards economic growth and prosperity”

With the opening of the China branch, HBL will be the only bank to have a footprint in North West China, Central Asia, Southeast Asia and East Africa, and will be positioned to promote trade and investment between these geographical regions, as well as China and Pakistan.

Also present on this occasion were Ms. Mumtaz Zahra Baloch, Deputy Chief of Mission, Embassy of Pakistan, Beijing, Mr. Syed Irfan Ali, Executive Director, State Bank of Pakistan, Mr. Abid Sattar, Head of International Banking, Asia & Africa, HBL and Mr. Farhan Talib, RGM China, HBL.

HBL is the largest bank in Pakistan with over 1,700 branches, 1,900 ATMs, and a customer base exceeding eight and a half million.  It has presence in over 25 countries across four continents.

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