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Archive for the ‘Press Releases’ Category

Jubilee Insurance qualifies as finalist of the Lahore Open Polo Championship 2018

Tuesday, December 4, 2018

Lahore: December 04, 2018: Jubilee Insurance qualifies to the finals after emerging victorious in three consecutive matches of the Lahore Open Polo Championship 2018 played at the Lahore Polo Club.

The sensational player, Aun Rizvi from Jubilee Insurance scored a hat-trick to help secure the win against Barry’s by 5-4 at the exhilarating preliminary match which has lead them to the upcoming final. Besides the top notch performance from Aun, the remaining two goals came from Turab Rizvi and Edward Banner Eve – one goal each.

Mr. Javed Ahmed, Managing Director & CEO – Jubilee Insurance stated “Jubilee Life Insurance has become synonymous with sports in the country and has been one of the top supporters as far as facilitating Polo in Pakistan is concerned. There are moments like these where we feel immensely proud that the young talent is open to platforms they deserve that can help them grow to their maximum potential. One day we hope to see emerging stars like Aun and Turab represent Pakistan at various international forums.”

Jubilee Life Insurance has been the pioneer in Bancassurance distribution and is the market leader among private sector life insurance companies in Pakistan. With an average growth of 38% over the last five years, it is the most profitable and valuable life insurance company on the stock exchange.

Jubilee Insurance is a global brand of Aga Khan Fund for Economic Development (AKFED) that offers diverse insurance solutions (life, health and general) and is committed to the vision of being Pakistan’s best service provider from the insurance industry and is among the top 25 companies of the Pakistan Stock Exchange; it happens to be the only insurance company to make it to this prestigious list.

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Facebook visits Jamila Sultana Foundation Blood Bank in Pakistan

Wednesday, December 5, 2018

More than 1 million donors in Pakistan have signed up to donate blood using Facebook’s blood donation product

Islamabad, December 05, 2018: As part of his week-long trip to Pakistan, Facebook Vice President of Asia-Pacific – Simon Milner – and his team visited the Jamila Sultana Foundation Blood Bank in Islamabad on Wednesday.


Facebook launched Blood Donations in Pakistan earlier this year to help make safe blood more accessible in Pakistan to all licensed blood banks and hospitals. With the blood donations tool, people can sign up to be blood donors on Facebook and get notified when people, blood banks, and hospitals near them need blood. It has an ongoing partnership with SBTP (Safe Blood Authority) to train blood banks on how to find volunteers donors through Facebook.

Since the launch in March this year, more than 1 million donors have signed up to donate blood in Pakistan using Facebook’s Blood Donations. And more than 25% of walk-in donors at the Jamila Sultana Foundation have come from Facebook.

“Connecting people in meaningful ways is incredibly important to us. Pakistan, like many countries, has a shortage of safe blood. In some cases, this shortage means patients and their families are responsible for finding donors to replace the blood they receive from blood banks or hospitals. This is where Facebook can help, by finding ways to more efficiently bring blood donors, people and organizations together. Our research suggests that when people have better information and tools, they’re more willing to donate blood — and it’s easier for people who need blood to find donors. We hope this product continues to help people come together in ways that weren’t possible before, and makes it easier for people and organizations in Pakistan to give and receive blood.” – Simon Milner, Vice President of Public Policy, Facebook Asia Pacific.

“It was a pleasure and honour to have Mr Simon Milner, visit Jamila Sultana Foundation to help raise awareness of the rising challenge of thalassemia in Pakistan which affects over 100,000 patients every year and this number is increasing due to millions of carriers and lack of awareness. Only prevention can help deal with this disease and Facebook has been an effective tool for us to help raise awareness and to increase our walk-in donors using the new Facebook Blood donation feature.” – Tauqir Abbas, Project Director, Jamila Sultana Foundation

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HBL and Muller & Phipps sign MOU to promote financial inclusion.

Wednesday, December 5, 2018

Karachi: December 05, 2018 – Financial Inclusion is at the core of HBL’s business focus and HBL continuously strives to develop inclusive products for SMEs. To facilitate financial inclusion and capacity building, HBL has partnered with Muller & Phipps to offer first of its kind working capital financing solution. Through this initiative, pharmaceutical whole sellers and chemists associated with M&P will be able to avail convenient working capital financing without providing mortgage or fixed assets as security. This MOU was signed by Mr. Aamir Irshad – Head of Branch Banking HBL and Mr. Kamran Nishat – CEO Muller & Phipps in presence of Mr. Asif Riaz – Head Retail Lending HBL and Mr. Saulat Ali Khan – Head of Corporate Banking South HBL. HBL Pic (1)

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Hutchison Ports Pakistan welcomes country’s largest ever container ship

Wednesday, December 12, 2018

Karachi, 12 December 2018 – Hutchison Ports Pakistan welcomed the China India Express, the country’s first ever 11,923TEUs container ship to call at its terminal. This is the first time a container vessel of this size has berthed in Pakistan.

The China India Express, operated by COSCO Shipping Lines Pakistan Ltd. has a capacity of 11,923TEUs, making it the largest ship to berth at any terminal in Pakistan.

“The extension of China India Express to Pakistan is the start of a new era in our container sea trade,” said Captain Syed Rashid Jamil, General Manager and Head of Business Unit, Hutchison Ports Pakistan. “Our terminal’s location and state-of-the-art equipment enable us to efficiently handle vessels of this size in the quickest time possible. We are delighted to become the first ever terminal in Pakistan to welcome 11,923TEUs vessel. We would like to thank our partners COSCO, OOCL and CMA CGM, for helping us accomplish this historic milestone.”

Hutchison Ports Pakistan is the only container terminal in Pakistan with a depth alongside of 16.5 metres, able to accommodate large size megaships. The terminal is equipped with 8 remote controlled quay cranes and 29 rubber-tired gantry cranes (RTGCs) being operated by nGen, Hutchison Ports’ proven terminal control system. nGen controls operations with the highest level of efficiency including yard and quay operations.

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HBL POS Finance Roadshows

Wednesday, December 19, 2018

HBL as a proponent of financial inclusion continually strives for developing inclusive products for SMEs. With this aim in mind, HBL has developed a holistic range of cash flow based customized financing solutions to facilitate financial inclusion and capacity development.


To cascade HBL POS finance and other initiatives undertaken by the Bank to provide financing solutions to SMEs, HBL hosted roadshows in Karachi, Lahore and Islamabad which were attended by 900+ SMEs from various cities. In these events, participants were given an overview about HBL POS Finance – an exclusive cash flow based working capital financing solution for SMEs using HBL’s Point-of-Sales machines which does not involve mortgage of property or charge on fixed assets.

HBL received extremely positive feedback from the participants for the opportunity given to them by HBL to directly interact with HBL’s senior management to know how to reap maximum benefits from HBL’s SME product offering.


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LG Delivers both Power and Intelligence in New Smart Display with the Google Assistant

Wednesday, December 19, 2018

LG XBOOM AI ThinQ WK9 with Touch Display, Powerful Stereo Sound and Meridian Audio Technology for the Ultimate Visual Artificial Intelligence Experience

Karachi / Seoul, Dec. 19, 2018 —LG Electronics Inc. (LG) begins rolling out a powerful and intelligent speaker with a unique Smart Display that combines the capabilities of the Google Assistant with unparalleled sound quality from Meridian Audio to create a powerful and beautiful device designed for the smart home. The LG XBOOM AI ThinQ model WK9 will be available starting in the United States with key markets in other regions to follow.

The advanced Smart Display was developed in collaboration with Google to ensure that the WK9 builds upon the capabilities that come with having a Google Assistant speaker with the added convenience of a touchscreen display. The WK9 leverages LG’s partnership with Meridian Audio, an industry-leading innovator in high-performance audio solutions, to deliver delivering high-fidelity sound, precise vocal definition and accurate bass, despite its compact size.



Equipped with a front-facing camera for video conferencing and stereo 20W speakers – the most powerful offered in a smart speaker –with Meridian technology, the WK9 offers crystal clear audio for communicating with loved ones or enjoying music and with an 8-inch touch display, consumers can enjoy their favorite YouTube videos and easily access resources like Google Maps or Google Photos.

In addition to its superior audio and video capabilities, the LG XBOOM AI ThinQ WK9 enables control of other LG ThinQ products in their home such as LG TVs and home appliances as well as more than 10,000 smart devices from over 1,000 brands that work with the Google Assistant.

“Our partnerships with Google and Meridian Audio allows us to offer a new home entertainment experience with the smart capabilities of the Google Assistant and the premium audio know-how that only Meridian could deliver,” said Seo Young-jae, head of the convergence audio and video business division at LG’s Home Entertainment Company. “Unlike other AI speakers where sound quality takes a back seat to the brain, the WK9 is first and foremost a high fidelity audio product that also happens to be intelligent.”



Display: 8-inch HD Touch Screen

Speaker Output: 2Ch / 20W

Camera: 5MP

Operating System: Android Things

Size (W x H x D): 370 x 244 x 145mm

Weight: 1.51kg

Connectivity: Wi-Fi / Bluetooth

Power Supply: 5.6W

Color: Black

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Emirates takes delivery of its last Boeing 777-300ER aircraft

Friday, December 21, 2018

A6-EQP is the 190th Boeing 777 aircraft to be delivered to Emirates

Emirates’ modern and efficient fleet strategy to continue with future deliveries of Boeing 777-8 and 777-9 aircraft

Karachi / Dubai December 21, 2018 – Emirates celebrated an important fleet milestone with the delivery of the final Boeing 777-300ER aircraft on its order books. A6-EQP is the 190th Boeing 777 aircraft to be delivered to Emirates, the world’s largest operator of Boeing 777 aircraft and also the only airline in the world to have operated all the six variants of the Boeing 777 family. One of out every eight 777 aircraft ever manufactured by Boeing has been delivered to Emirates. Emirates will also be one of the first airlines in the world to fly the two next generation models- the Boeing 777-8 and 777-9.

download Emirates & Boeing delivery teams


Watch a video of the delivery and ferry flight of A6-EPQ, Emirates’ last Boeing 777-300ER.

It was also the 146th delivery of a Boeing 777-300ER aircraft to Emirates. The airline welcomed the first Boeing 777-300ER aircraft into its fleet in March 2005 and over the last 13 years, the 777-300ER has become the backbone of Emirates’ fleet operating currently to over 119 destinations across the airline’s global network. Emirates has operated one out of every five Boeing 777-300ER aircraft produced to date and the average age of a Boeing 777-3000ER in Emirates’ fleet is a mere 6.5 years.

Sir Tim Clark, President of Emirates Airline said: “The Boeing 777-300ER has been a cornerstone of Emirates’ success story as the world’s largest international airline. The aircraft’s efficiency, range and payload capabilities have enabled us to connect our customers across six continents to and through Dubai, and offer them a flight experience that is second to none. With 140 of these aircraft in our fleet, the Boeing 777-300ER will continue to play an integral role in our operations and facilitating global tourism and trade opportunities in the years to come.”

On the partnership with Boeing, Sir Tim said: “We’ve worked closely with Boeing on the 777 programme over the last three decades, and we will build on this partnership as we start taking delivery of the 777-8 and 777-9 aircraft from 2020.”

Emirates’ Boeing 777 fleet has carried close to 350 million passengers on more than 1.28 million flights and covered over 6.6 billion kilometres since 1996. That’s the equivalent of flying almost 8600 times to the moon and back.

Setting the standards for passenger experience and safety, Emirates has continually invested in its onboard product and services. The airline recently unveiled brand new cabins for its Boeing 777-300ER aircraft including the game-changing fully-enclosed First Class private suites as well as newly-designed seats and improved inflight entertainment systems for Business and Economy class cabins. Emirates has also started a programme to reconfigure its 10 Boeing 777-200LR aircraft, installing new wider Business Class seats as well as a completely refreshed Economy Class for improved passenger comfort.

Since 2009, Emirates has also been operating the Boeing 777-F dedicated freighter aircraft to facilitate global trade. With a capacity of over 100 tonnes per flight, Emirates’ fleet of 13 Boeing 777-Fs move a variety of cargo, including heavy and outsized shipments, pharmaceuticals, flowers and race horses on scheduled weekly flights to over 40 global destinations. In 2017, Emirates’ Boeing 777-F aircraft also executed more than 370 charter flights over and above regular operations.

Emirates operates one of the youngest aircraft fleets in the world with an average aircraft age of 5.87 years, a figure that is much lower than the accepted norm in the aviation industry. The airline pursues an ambitious fleet renewal strategy by retiring older aircraft and introducing newer and more advanced aircraft leading to more efficient operations.

From 2020, the airline will start taking delivery of 35 Boeing 777-8s and 115 Boeing 777-9s. These next generation aircraft will have a more fuel efficient design and will feature larger windows, increased cabin pressure and humidity, higher ceilings, wider cabin and an advanced inflight entertainment system contributing to a superior customer experience.

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PPAF engages local government &administration of KP for the uplift of communites

Friday, December 21, 2018

Peshawar, December 21, 2018: The Livelihood Support and Promotion of Small Community Infrastructure Programme (LACIP) organised the first meeting ofDistrict Development Forum (DDF,) at Deputy Commissioner office in district Buner, Khyber Pakhtunkhwa. The forum aims to conduct periodic and systematic follow-up and monitoring of projects that are being implemented by Pakistan Poverty Alleviation Fund throughLACIP. Second phase of LACIP, with thetotal outlay of Euro 10 million from the Federal Republic of Germany through KfW is implementing the project. The objective is to improve general living conditions in the districts, through a reduction in vulnerabilities to disasters, improvement in quality of life and better income generating opportunities. The programme has particular focus on inclusion of women and the destitute and disabled members of the communities.

DDF was established by the provincial government of KP in 2014 as a result of efforts by PPAF, to ensure development funding for communities by donors is not duplicated.

The meeting was attended by the elected Nazims of thedistrict, tehsil and village councils, Assistant Commissioner of Tehsil Daggar, representatives of local government departments, KfW, NRSP, PPAF and NEC consultants.


LACIP organised meeting of District Development Forum

Mr. Shafiullah Khan, Deputy Commissioner, Buner chaired the meeting along with Dr.Ubaidullah Khan, District Nazim, Buner. Two assistance commissioners, 14 officials from village councils, 4 district councillors and District Nazims were also in attendance. Mr. Shuakat Ali, Coordinator Governance, KfW, Mr. Muhammad Nadeem, Sr. General Manager, PPAF, Mr. Saeed Raza, Regional Program Officer, NRSP andMr. AzherUddin NEC/KfW Consultant were also present on the occasion.

Mr. Muhammad Nadeem, Sr. General Manager, PPAF offered the district government and administration to jointly plan, finance and execute large infrastructure projects so that benefits could be maximised for local stakeholders.

Mr. Shafiullah Khan, Deputy Commissioner, Buner expressed his gratitude to KfW and PPAF for allocating substantial funds for socio-economic development of district Buner. He assured the support of local government and administration for smooth execution of projects in the respective villages. The district administration and government will carry out development activities related to poverty alleviation and building social capital in selected union councils of the district.

LACIP’s Phase-I helped in economic uplift of nearly 600,000 poor beneficiaries by the provision of productive community infrastructure and asset transfer meant to increase living standard and impart good governance. Phase-II is designed to benefit around 150,000 persons through infrastructure development, asset transfer and building linkages with local government.

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LG Initiates Organizational Changes to Enhance Strengths and Opportunities

Tuesday, December 11, 2018

Higher Priority for Robot and Autonomous Vehicle Businesses, Brings Mobile Businesses under Leadership of Turnaround Expert

Karachi / Seoul, Dec. 11, 2018 —LG Electronics (LG) announced the key changes to its organization in an effort to enhance its strengths and more vigorously address the challenges ahead. In addition to leadership changes, LG is also focusing on structural changes that will positively affect the day-to-day duties of the CEO and other key executives.

Incoming LG Vehicle Component Solutions Company President Kim Jin-yong

Brian Kwon, currently president of LG’s Home Entertainment Company, will also assume leadership of the Mobile Communications (MC) Company. Mr. Kwon played a critical role in transforming LG’s TV, audio and PC business into category leaders and his knowledge and experience in the global marketplace will be instrumental in continuing LG’s mobile operations turnaround. Current MC Company president Hwang Jeong-hwan, who was brought in a year ago and successfully bolstered the operation’s quality assurance and product development efficiency, will focus fully on his other role as head of LG’s Convergence Business Development Office.

Under the new structure, LG Electronics CEO Jo Seong-jin will focus more on strategy and planning for the future by assigning more of his day-to-day responsibilities to president and CFO David Jung. Mr. Jung will take over responsibility for LG’s business support operations from the CEO which includes supervision of the company’s support operations at all Korean facilities as well as functions such as corporate security and communications.

To enhance its successes in the commercial sector by focusing additional resources on finding solutions, the Vehicle Components Company will be renamed the Vehicle Component Solutions (VS) Company and the Business-to-Business Company will become the Business Solutions (BS) Company going forward. Executive vice president Kim Jin-yong, who heads the Vehicle Components Company’s fast-growing smart business efforts in intelligent driving and vehicle connectivity, will assume the role of president of the newly expanded VS Company.

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Systems Limited in Collaboration with UltraSoft System Wins Rs.248 Million Contract to Automate Balochistan’s Land Records Management

Monday, December 17, 2018

Quetta, December 17, 2018 – Board of Revenue (BOR), Government of Balochistan has awarded the Land Records Management Information System (LRMIS) contract worth Rs. 248 million to SUS-JV, a consortium led by Systems in partnership with UltraSoft System.

Expected to complete over a span of 3 years, LRMIS is an extension of the successful project launched by Systems in Punjab and KPK.  Built around cutting-edge technologies, LRMIS will modernize the existing land distribution system, improve public accessibility to land records by simplifying procedures, and ensure scalability, security, transparency, uniform service, and functionality across various service centers in the region. The project will also significantly increase land revenue for BOR and the Government of Balochistan through a computerized, streamlined, and user-friendly process.

“This phenomenal project reaffirms our belief in technology and technological progression as a crucial element in solving Pakistan’s existing problems,” said Asif Peer, CEO of Systems. “Our work in the public sector is our contribution towards a progressive Pakistan and automating and digitalizing Pakistan’s future. We believe this incredible project will have a tremendous spillover effect by creating employment in Balochistan and boosting its economy.”

“As the oldest and largest IT firm in Pakistan, Systems can leverage its vast local, regional, and global experience in the public sector to enable the digital transformation of Balochistan’s IT landscape,” said Imran Soofi, Regional Sales Head and project lead at Systems. “This strategic win cements Systems’ position as a digital enabler across Pakistan.”

Team Systems is thrilled to be given this major responsibility once again and is determined to take this initiative forward to help create a more prosperous and digitally enabled Pakistan.

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