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Archive for the ‘Press Releases’ Category

LG OLED TVs to Receive NVIDIA G-Sync Upgrade Starting This Week

Tuesday, November 5, 2019

First TVs with NVIDIA’s Advanced Technology Take PC Gaming to a New Level

Karachi / SEOUL, Nov. 5, 2019: Current model year OLED TVs from LG Electronics (LG) will receive a firmware update starting this week allowing for stunning gameplay via NVIDIA G-SYNC® Compatible technology.

NVIDIA G-SYNC Compatibility will be available on LG’s 2019 OLED TV models E9 (65 and 55 inches), C9 (77, 65 and 55 inches) as well as B9 (65 and 55 inches) and will arrive first to LG customers in parts of North America followed by markets in Europe, Asia, Latin America, Africa, the Middle East, etc. before the end of the year.*


With G-SYNC Compatible support, LG’s acclaimed OLED TVs will deliver the smoothest, most immersive gaming experience without the flicker, tearing or stuttering common to most common displays. Gamers have long valued LG OLED TVs for their exceptional picture quality, low input lag and ultra-fast response time. The addition of G-SYNC Compatible support allows gamers with GeForce RTX 20-Series or GTX 16-Series GPUs to fully enjoy extreme responsiveness and optimized visuals on LG’s large OLED TVs from 55 inches up to an immersive 77 inches.

“As the first TVs to offer NVIDIA G-SYNC Compatible support in the industry, LG is once again demonstrating its commitment to delivering the most advanced gaming experience,” said Sam Kim, senior vice president of the TV product planning division of LG’s Home Entertainment Company.
“Our partnership with NVIDIA, the world’s premiere gaming hardware brand, are helping our 2019 OLED TVs set a new standard in gaming performance.”

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Emirates announces attractive fares for travellers

Wednesday, November 6, 2019

Karachi/DUBAI, November 06, 2019: Emirates has announced special fares across its global route network to inspire and encourage Pakistani travellers to explore new destinations and revisit their favourite cities.

The special fares are available for booking till 18 November 2019, for travel between 12 November 2019 and 30 September 2020. Passengers can enjoy competitive fares to destinations across the Emirates network of over 150 cities, including Dubai.

Economy Class passengers can enjoy return fares starting from USD 1,002 for New York, USD 936 for Boston, USD 1,167 for Toronto, USD 807 for London Heathrow, USD 658 for Frankfurt, USD 665 for Johannesburg, USD 462 for Kuala Lumpur and USD 1,000 for Sydney.

Business Class return fares start at USD 2,787 for New York, USD 2,787 for Boston, USD 3,641 for Toronto, USD 2,856 for London Heathrow, USD 2,347 for Frankfurt, USD 2,230 for Johannesburg, USD 1,607 for Kuala Lumpur and USD 2,939 for Sydney.

Emirates has also announced special all-inclusive First Class fares to these and more destinations, offering travellers from Pakistan the chance to experience the ultimate luxury in air travel.

“These special fares represent savings of 15 per cent for First Class, and 10 per cent on Business and Economy Class fares,” said Mohammad Sarhan, Emirates’ Vice President Pakistan. “This is a great opportunity for Pakistani travellers to ‘Fly Better’ with the world’s leading airline and to experience true value for money.”
Members of Emirates Skywards, the airline’s award-winning loyalty programme, can pay for their bookings using a combination of cash and Skywards Miles, further reducing the pay out towards the cost of their tickets.

Passengers in all cabin classes can enjoy world class service from Emirates’ multicultural cabin crew, meals prepared by gourmet chefs, and up to 4,500 channels of movies, TV programmes, music and podcasts, including channels in Urdu on the airline’s award-winning ice entertainment system.

Emirates and Pakistan have a long-standing relationship that spans over 34 years, when the airline’s first flight flew from Dubai to Karachi on 25 October 1985. Since then, Emirates has grown exponentially in Pakistan, and today the airline operates 67 weekly flights between Dubai and five cities in Pakistan: Karachi, Lahore, Islamabad, Peshawar and Sialkot, offering Pakistani travellers convenient access to over 150 global destinations. Emirates also employs over 5,000 Pakistani nationals as flight deck crew, cabin crew and in others roles across the airline.

For more information on Emirates, including how to book flights and a complete list of terms and conditions, contact your travel agent or visit www.emirates.com/PK
*Terms and conditions apply.

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Emirates Group announces half-year performance for 2019-20, with AED 1.2 billion profit, 7.9% increase in passengers carried to Dubai

Thursday, November 7, 2019

Karachi / DUBAI – November 07, 2019: The Emirates Group today announced its half-year results for its 2019-20 financial year.

Group revenue was AED 53.3 billion (US$ 14.5 billion) for the first six months of 2019-20, down 2% from AED 54.4 billion (US$ 14.8 billion) during the same period last year. This slight revenue decline was mainly due to planned capacity reductions during the 45-day Southern Runway closure at Dubai International airport (DXB), and unfavourable currency movements in Europe, Australia, South Africa, India, and Pakistan.

Profitability was up 8% compared to the same period last year, with the Group reporting a 2019-20 half-year net profit of AED 1.2 billion (US$ 320 million). The profit improvement was primarily due to the decline in fuel prices of 9% compared to the same period last year, however the gain from lower fuel costs were partially offset by negative currency movements.
The Group’s cash position on 30th September 2019 stood at AED 23.0 billion (US$ 6.3 billion), compared to AED 22.2 billion (US$ 6.0 billion) as at 31st March 2019.

“The Emirates Group delivered a steady and positive performance in the first half of 2019-20, by adapting our strategies to navigate the tough trading conditions and social-political uncertainty in many markets around the world. Both Emirates and dnata worked hard to minimise the impact of the planned runway renovations at DXB on our business and on our customers. We also kept a tight rein on controllable costs and continued to drive efficiency improvement, while ensuring that our resources were deployed nimbly to capitalise on areas of opportunity.
“The lower fuel cost was a welcome respite as we saw our fuel bill drop by AED 2.0 billion compared to the same period last year. However, unfavourable currency movements wiped off approximately AED 1.2 billion from our profits.

Emirates pic

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“The global outlook is difficult to predict, but we expect the airline and travel industry to continue facing headwinds over the next six months with stiff competition adding downward pressure on margins. As a Group we remain focussed on developing our business, and we will continue to invest in new capabilities that empower our people, and enable us to offer even better products, services, and experiences for our customers.”

His Highness (HH) Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group

Emirates airline
During the first six months of 2019-20, Emirates received 3 Airbus A380s, with 3 more new aircraft scheduled to be delivered before the end of the 2019-20 financial year. It also retired 6 older aircraft from its fleet with a further 2 to be returned by 31 March 2020. The airline’s long-standing strategy to invest in the most advanced wide-body aircraft enables it to improve overall efficiency, minimise its emissions footprint, and provide high quality customer experiences.

Emirates continues to offer ever better connections for its customers across the globe with just one stop in Dubai. In the first six months of its financial year, Emirates added two new passenger routes: Dubai-Bangkok-Phnom Penh, and Dubai-Porto (Portugal). As of 30 September, Emirates’ global network spanned 158 destinations in 84 countries. Its fleet stood at 267 aircraft including freighters.

Emirates also further developed its partnership with flydubai. Both airlines continued to leverage their complementary networks to optimise flight schedules and offer new city-pair connections through Dubai, as well as open new routes including Naples (Italy) and Tashkent (Uzbekistan) in the first half of 2019-20. Customers also enjoy even more benefits with a single loyalty programme under Emirates Skywards, and passengers connecting between Emirates and flydubai can experience seamless transits with 22 flydubai flights now operating from Emirates Terminal 3 at DXB.

Overall capacity during the first six months of the year declined by 7% to 29.7 billion Available Tonne Kilometres (ATKM) mainly due to the DXB runway closure and reduction in fleet during this 45-day period. Capacity measured in Available Seat Kilometres (ASKM), shrunk by 5%, whilst passenger traffic carried measured in Revenue Passenger Kilometres (RPKM) was down by 2% with average Passenger Seat Factor rising to 81.1%, compared with last year’s 78.8%.

Emirates carried 29.6 million passengers between 1 April and 30 September 2019, down 2% from the same period last year, however, passenger yield increased by 1% period-on-period. The volume of cargo uplifted at 1.2 million tonnes has decreased by 8% while yield declined by 3%. This reflects the tough business environment for air freight in the context of global trade tensions and unrest in some key cargo markets.

In the first half of the 2019-20 financial year, Emirates net profit was AED 862 million (US$ 235 million), up 282%, compared to last year. Emirates revenue, including other operating income, of AED 47.3 billion (US$ 12.9 billion) was down 3% compared with the AED 48.9 billion (US$ 13.3 billion) recorded during the same period last year. This result was driven by increased agility in capacity deployment, with healthy customer demand for Emirates’ products driving improved seat load factors and better margins.
Emirates operating costs shrunk by 8% against the overall capacity decrease of 7%. On average, fuel costs were 13% lower compared to the same period last year, this was largely due to a decrease in oil prices (down 9% compared to same period last year), as well as a lower fuel uplift due to reduced capacity during 45-day runway closure at DXB. Fuel remained the largest component of the airline’s cost, accounting for 32% of operating costs compared with 33% in the first six months of last year.

dnata continued to strengthen its global capabilities in ground handling, catering and travel services, with operations spanning over 35 countries. In the first half of 2019-20, dnata’s international operations accounted for over 72% of its revenue, compared to 68% during the same period last year.

dnata’s revenue, including other operating income, was AED 7.4 billion (US$ 2.0 billion), a 5% increase compared to AED 7.0 billion (US$ 1.9 billion) last year. This performance was underpinned by robust business growth and further global expansion, particularly in its catering business.

Overall profit for dnata was down by 64% to AED 311 million (US$ 85 million), compared to last year’s result which included an AED 321 million one-off gain from the divestment of dnata’s 22% stake in the travel management company Hogg Robinson Group (HRG). dnata’s half year profit for 2019-20 was further impacted by the bankruptcy of Thomas Cook, one of its major customers for dnata’s travel and catering businesses in the UK, resulting in an impairment loss on trade receivables and intangible assets amounting to AED 84 million.

dnata’s airport operations remains the largest contributor to revenue with AED 3.6 billion (US$ 983 million), a slight increase as compared to the same period last year. Across its operations, the number of aircraft handled by dnata remained steady with 351,194, and it handled 1.5 million tonnes of cargo, down 6%.

Organic growth across dnata’s international ground handling business with key contract wins across US locations, and improved performance in markets such as Italy, Singapore, Switzerland and Iraq, helped drive dnata’s revenue and compensate for the negative currency impact of approximately AED 86 million. In the UAE, dnata acquired full ownership of freight forwarding company, Dubai Express, which bolstered its revenues in the first half year of 2019-20, and helped soften the impact of losses due to the 45-day runway closure at DXB.

dnata’s travel division contributed AED 1.8 billion (US$ 488 million) to revenue, up 7% from the same period last year. The division’s underlying total transactional value sales remained at AED 5.9 billion (US$ 1.6 billion).

The strong revenue contributions from its new acquisitions including Tropo in Germany, and Dunya Travel, helped offset weaker travel demand in other key travel markets, as well as the negative impact of the strong US dollar against the Euro and Pound Sterling.

dnata’s flight catering operation, contributed AED 1.8 billion (US$ 479 million) to its total revenue, up 54%. The number of meals uplifted increased by 67% to 51.9 million meals for the first half of the financial year.

This significant uptick is largely attributed to the contributions from its recently-acquired catering businesses in Australia (Q Catering Limited and Snap Fresh Pty Limited), and in the US (121 Inflight Catering); as well as the expansion of dnata’s own catering facilities in the US including at Houston, Boston, and Los Angeles.

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LG Honored With 2020 CES Innovation Awards

Friday, November 15, 2019

Official CTA Industry Recognition Program Again Singles out LG OLED TV for ‘Best of Innovation’ Award

Karachi / SEOUL, Nov. 15, 2019:   The Consumer Technology Association (CTA™) is recognizing LG Electronics (LG) for groundbreaking innovations in technology and design with 2020 CES® Innovation Awards – led by another Best of Innovation Award for LG OLED TV technology. This marks the eighth consecutive year that LG OLED TVs, home appliances and flagship smartphones all have received CES Innovation Awards, the official industry recognition for the most innovative products introduced at CES, the global stage for innovation.

LG Honored With 2020 CES Innovation Awards

CES Best of Innovation: For CES 2020, LG OLED TV technology is again being recognized with the CES Best of Innovation Award in the video display category, earning this highest honor in three of the past five years. LG, the world’s best-selling OLED TV brand, created the premium OLED TV category, which delivers perfect black, incredible color and unparalleled high-dynamic range capabilities.

LG Home Entertainment: Particularly noteworthy for 2020 are two Innovation Awards for one of the industry’s first NEXTGEN TVs to be unveiled at CES 2020 – an LG OLED TV incorporating the ATSC 3.0 next-generation standard, co-developed by LG. More details on the award-winning LG entertainment products – including 8K and 4K Ultra HD TVs, audio and computer products and more – will be announced at CES 2020 in January.

LG Home Appliances: CES 2020 Innovation Awards will go to a number of new LG home appliances, highlighted by an LG InstaView™ Door-in-Door® refrigerator with the industry-first Craft Ice™ feature, which reimagines home entertaining. Other award-winning LG home appliances include the second win for the LG Styler clothing care system with its black-tinted mirror front, an all-new portable LG PuriCare™ Mini air purifier and laundry innovations to be announced at CES.

LG Mobile Phones: Leading the company’s CES Innovation Awards for mobile devices is the groundbreaking LG G8XThinQ Dual Screen smartphone, which provides more control for scenarios where two identical OLED displays simply work better than one. Also receiving awards are the LG V50ThinQ 5G smartphone designed to connect, stream, browse, play, share and experience more, without limits, and the LG G8ThinQ with its refined minimalist design, innovative audio experiences, new camera hardware and software, and state-of-the-art touchless controls and biometric security features.

CES Innovation Awards: Owned and produced by CTA, the CES Innovation Awards program is an annual competition honoring outstanding design and engineering in consumer technology products across 28 product categories. An elite panel of industry expert judges, including members of the media, designers, engineers and more, reviewed submissions based on engineering qualities, aesthetic and design, functionality and consumer appeal.

The full list of LG’s CES 2020 Innovation Awards will be announced in conjunction with LG’s CES press conference at 08:00 PST on Jan. 6, 2020 in Las Vegas. Owned and produced by CTA, CES 2020 is the global stage for innovation where industry leaders and rising stars will come together Jan. 7-10 in Las Vegas to pioneer future innovation driving the ever-evolving tech industry. CES attendees will have access to the most transformative tech across various marketplaces, such as 5G, artificial intelligence, augmented and virtual reality, smart home, smart cities, vehicles, digital health and more.

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Edotco and Zong 4G partner to strengthen 4G coverage in Pakistan

Friday, November 15, 2019

November 15th, 2019: edotco Group Sdn Bhd (“edotco”), the region’s end-to-end integrated telecommunications infrastructure services company through its local operations edotco Pakistan Private Limited (“edotco Pakistan”) signed a long-term agreement with Zong 4G to collaborate on multiple projects that will strengthen 4G coverage and customer experience across Pakistan.

With more than 12,000 4G sites across Pakistan, Zong 4G is the country’s leading 4G network supporting over 14 million 4G subscribers. The company focuses entirely on 4G recognizing the importance of data services, the fastest growing segment of consumer demand in Pakistan driven by mobile financial services, e-commerce and social media.

edotco Zong Photo with caption

edotco brings regional operational strength of 29,900 towers across its footprint combined with experience in rolling out next generation’ shareable infrastructure like lightweight carbon fiber towers, energy as a service and smart street furniture that support fast and cost effective 4G rollout for mobile operators. Being the largest independent tower company in the country, edotco Pakistan has grown its portfolio to over 1,400 towers so far this year.

As part of this agreement, edotco Pakistan will focus on accelerating the next phase of infrastructure rollout for Zong 4G, driving efficiency and flexibility improvements towards a faster and more available 4G network roll out across the country.

Commenting on the historic agreement Chairman and CEO Zong 4G, Wang Hua said, “The new agreement aligns with Zong 4G’s commitment to provide its customers with better coverage, reliability, speed and overall performance. This includes focus on keeping up with booming mobile data usage while improving capacity and coverage across the country, especially in underserved rural areas. We look forward to working with edotco to keep our 4G momentum going and enable all our customers in every corner of the country to experience world-class 4G services”.

Country Managing Director, edotco Pakistan, Arif Hussain, said, “We are extremely excited to sign this historic agreement further reinforcing our long-standing relationship with Zong 4G. Having grown our operations by delivering over 1,000 new sites in 12 months to more than 1,400 operational sites, it is clear we have proved ourselves a credible partner to Zong 4G. It is a further testament to our operational strength and I am very proud of the team; at the same time, I am humbled by the trust Zong 4G have placed in edotco.  We have to make sure their trust is well placed, and I am confident we will”

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Italian Government is investing 40 Million Euros in collaboration with PPAF

Friday, November 15, 2019

Islamabad, November 15:  Italian Ambassador for Pakistan, Mr Stefano Pontecovero revealed that the Italian Government plans to invest 40 Million Euros for youth, health, infrastructure, education development policies and programmes in Pakistan in collaboration with Pakistan Poverty Alleviation Fund.

Stefano Pontecovero said, “65% of Pakistan’s population is under 35, immense potential lies in the youth of Pakistan and Italy hopes to invest more in youth development policies to empower the future of the country and contribute towards a prosperous tomorrow.”

The Ambassador shared his thoughts at the closing ceremony of the first week long PPR training sessions conducted by Pakistan Poverty Alleviation Fund in collaboration with Italian Agency for Development Cooperation and Luiss Business School. These trainings were especially conducted for communities based in Baluchistan, KPK and FATA with the aim to uplift their socio economic conditions.

The ceremony was attended by Italian Ambassador for Pakistan, Stefano Pontecovero, Ms. Emanuela Benini, Director, Italian Agency for Development Cooperation in Pakistan, Qazi Azmat Isa, CEO PPAF & Ms. Simi Kamal, Head of Programmes PPAF.

Speaking on this occasion, Ms. Emanuela Benini, Director, Italian Agency for Development Cooperation in Pakistan said, “We are Delighted to see the impact of PPR training sessions for communities in Pakistan and hope that everyone had an insightful week of learning. We now look forward to the participants’ contributions towards sustainable development for their respective areas.”

CEO PPAF, Qazi Azmat Isa also lauded the efforts of the Italian government in this regard and stressed that without their active participation such sessions could not have been possible. “Positive interventions cannot be done in isolation, it is imperative for multiple stakeholders including academia, NGOs, governments to collaborate and work towards bringing a sustainable change” said Qazi Azmat Isa

PPAF’s Program for Poverty Reduction runs in 14 Districts of Pakistan covering 38 Union Councils in collaboration with 17 Partner Organizations, the goal of the program is population poverty reduction through the creation of sustainable conditions of social and economic development, including income and production capacity increase. It mainly focuses on four key areas including Social Mobilization, Livelihoods Enhancement and Protection, Construction and Improvement of Small-Scale Community Infrastructures and Establishment of Basic Health and Educational Services.

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Emirates scoops awards for Best Wi-Fi and Best Food & Beverage at APEX 2020 Regional Passenger Choice Award™

Friday, November 15, 2019

Karachi / Dubai: Nov 15, 2019 – Emirates’ inflight comforts were lauded as it clinched awards for Best Wi-Fi and Best Food & Beverage in the Middle East at the APEX 2020 Regional Passenger Choice Awards™ held in Singapore.

The Best Food & Beverage award recognised Emirates’ regionally inspired cuisine and extensive drinks menu. Each year, more than 110 million meals are served on board Emirates’ restaurant in the sky with the same attention to detail in First, Business and Economy Class.

Emirates runs a round-the-clock kitchen with 1,800 chefs based in Dubai whipping up 12,450 recipes. The airline’s chefs focus on simple, well cooked dishes that emphasise fresh ingredients of the highest quality. Emirates brings the finest products on board through long standing partnerships worldwide, and supporting local suppliers and artisans.

Emirates was also awarded the airline with the Best Wi-Fi in the Middle East at APEX 2020 Regional Passenger Choice Awards™. Its entire fleet is Wi-Fi enabled and Emirates provides free Wi-Fi across all classes – a choice of 20MB complimentary data to use on any app or 2 hours of unlimited text messaging on popular messaging apps. More than 1 million passengers log on to Wi-Fi each month and 40% of travellers choose the unlimited free text messaging option to keep in touch with family and friends. Emirates Skywards members enjoy special benefits depending on their membership tier and class of travel, including free unlimited Wi-Fi for all members travelling in First Class or Business Class; and for Gold and Platinum members in Economy.

Emirates has started an upgrade programme to retrofit faster Wi-Fi onto its older A380 aircraft as part of its continued investment in product to enhance the onboard experience. 55 aircraft will be fitted with faster broadband in the next 2 years.

APEX once again partnered with TripIt® from Concur®, the world’s highest-rated travel-organizing app, to gather anonymous passenger feedback based on neutral, third-party passenger feedback and insights for the 2020 APEX Passenger Choice Awards. Using a five-star scale, more than one million flights were rated by passengers across nearly 600 airlines from around the world between 1 July 2018 and 30 June 2019. On the same screen, passengers were given the opportunity to provide anonymous ratings in five subcategories: seat comfort, cabin service, food and beverage, entertainment, and Wi-Fi. The single screen rating allows airline passengers to easily rate their flight in less than 15 seconds.

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Emirates firms up US$8.8 billion order for 30 Boeing 787s at 2019 Dubai Airshow

Thursday, November 21, 2019

Takes total value of Emirates’ firm aircraft orders announced at the 2019 Dubai Airshow to US$ 24.8 billion

Karachi /Dubai – November 20, 2019 – Emirates, the world’s largest international airline, today announced that it has signed a full purchase agreement for 30 Boeing 787-9 aircraft, worth US$ 8.8 billion at list prices, at the Dubai Airshow 2019. Under its agreement with Boeing, Emirates has exercised its right to substitute the B777x with B787s.

Emirates Chairman signed agreement with CEO for Boeing Commercial Airplanes

This deal includes Boeing 787 Dreamliners, with deliveries commencing in May 2023 and continuing for the next five years. For the B777X, Emirates will enter into discussions with Boeing over the next few weeks on the status of deliveries. This takes Emirates’ total order with Boeing to 126 aircraft.

HH Sheikh Ahmed bin Saeed Al Maktoum, Emirates Chairman and Chief Executive, signed the agreement with Stanley Deal, President and Chief Executive Officer for Boeing Commercial Airplanes. Including the US$ 16 billion Airbus A350 order on Monday, this latest announcement takes the total value of Emirates’ firm aircraft commitments at the 2019 Dubai Airshow to US$ 24.8 billion.

HH Sheikh Ahmed said: “I am pleased to announce a firm order for 30 Boeing Dreamliners. This is an important investment and addition to our future fleet and network requirements, providing us the agility, flexibility and spread of seat segments when it comes to overall capacity to serve a range of destinations as we develop and grow our global route network. This also reflects Emirates’ continued efforts to provide the best quality air transport services to our customers.

The 787s will complement our fleet mix by expanding our operational flexibility in terms of capacity, range and deployment to connect new city pairs and expand frequencies. We are also pleased to reaffirm our commitment to the Boeing 777x programme and look forward to its entry into service.”

Sheikh Ahmed added: “Our Boeing fleet is key to our business model to serve international demand for travel to and through our Dubai hub, as we continue to contribute to the UAE’s strategy to become a global destination for business and tourism by providing high quality air connectivity.”

Emirates firms up order for 30 Boeings 787s

Stanley Deal said: “We are excited to finalise this important order from one of the world’s leading airlines. Our agreement solidifies Emirates’ plan to operate the 787 Dreamliner and the 777X, which make up the most efficient and most capable wide-body combination in the industry. It is an honour to build on our successful partnership with Emirates and continue to sustain many jobs at Boeing and our supplier partners.”

Emirates is a powerful engine for American aerospace manufacturing jobs. Applying the US Department of Commerce jobs multiplier (every $1 billion in US aerospace exports supports 5,200 American jobs), this order will create and support over 45,000 additional jobs in US aerospace manufacturing – not only with Boeing, but also with the thousands of other suppliers in the value chain across the US, many of which are medium and small-sized businesses.

Emirates’ partnership with Boeing spans decades. Emirates is by far the largest Boeing 777 operator on the planet with 155 777s in service today.

Emirates currently operates an all wide-body fleet of efficient and modern aircraft, comprising the iconic Airbus A380 and the popular Boeing 777. From its hub in Dubai, the airline serves over 150 cities on six continents, offering award-winning inflight and on ground services.

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LG Introduces Powerful Portable Air Purifier for Enhanced Peace of Mind

Friday, November 22, 2019

LG PuriCare Mini with PM1.0 Sensor RemovesAir Pollutants as Small as 0.3 Micrometers

Karachi / SEOUL, Nov. 22, 2019:  With clean air a commodity in high demand today, LG Electronics (LG) announces the world’s first filter-type portable air purifier designed for use on-the-go. With an innovate PM1.0 Sensor, the compact and cord-free LG PuriCareTM Mini helps deliver safe, clean air in the car, a baby’s nursery or even one’s office.



With LG’s 4-Step Air Filtration System, LG PuriCare Mini can detect and remove 99 percent particulates as small as 0.3 μm.* The first step involves the PM1.0 Sensor which quickly and accurately detects the quality of the air before the Dual Inverter Motor forcibly draws in the air at 5,000rpm in the second step. In step three, the high-efficiency Total Allergen Removal filter removes particulates in the air and in the final step, the powerful Twin Tornado Dual Fan disperses the clean air far and wide. The LG PuriCare Mini is not only highly efficient, it’s also fast, cleaning 50 percent of the air inside a car in 10 minutes.

LG PuriCare Mini can go anywhere the user goes thanks to its small size and light weight, which make it ideal for use on the go where plug-in models can’t go. Similar in size and weight as a 500 milliliter bottle of water, the wireless portable air purifier freshens the air for up to 8 hours at low speed or 2 hours at the highest setting on battery power alone. And its quiet operation – only 30dB in low setting – allows the LG PuriCare Mini to be used in an enclosed stroller without waking a peacefully sleeping baby.

PuriCare Mini utlizes a durable filter which lasts up to 2,000 hours or six months if used 12 hours a day. The free LG ThinQ app for both Android and iOS devices allows users to monitor the condition of the filter, check the battery status and control their LG PuriCare Mini via Bluetooth with a smartphone or tablet.

“Providing useful technology in a form factor that goes where our customers go – this is what LG PuriCare Mini is all about,” said Song Dae-hyun, president of LG Electronics Home Appliance & Air Solution Company. “There is nothing more important than the health of one’s family and LG is committed to using its engineering know-how to deliver innovative solutions.”

LG PuriCare Mini will become available in key markets of Asia, North America throughout the next several weeks into 2019.

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NIFT Signs Agreement with Bank Alfalah for Digital Financial Services

Monday, November 25, 2019

Bank Alfalah will perform settlement services for NIFT’s Digital Financial Services Platform called “NIFT ePay”

Karachi – November 25, 2019: In an effort to promote Digital Financial Services (DFS) in Pakistan, National Institutional Facilitation Technologies (NIFT), an existing Payment System Operator/Provider (PSO/PSP) offering nation-wide cheque clearing services, has signed an agreement with Bank Alfalah, one of Pakistan’s leading and progressive banks, to facilitate settlement services for mobile/electronic commerce payments (Digital Commerce Payments) through NIFT’s DFS platform under the brand name “NIFT ePay” using bank accounts.

Through this partnership, NIFT ePay and Bank Alfalah will enable for the first time in Pakistan, the use of bank accounts & wallets to execute secure and interoperable digital commerce payments. Banking customers maintaining their account with any member bank of NIFT E-payment scheme will be able to use this facility.

Nift signs agreement with Bank Alfalah

Bank Alfalah, being one of the leading merchant acquiring banks in Pakistan and a trusted name in payments will act as the settlement bank among NIFT ePay member banks in Pakistan. The settlement bank will also support NIFT for handling disputes/claims e.g. duplicate processing for a seamless customer experience across the industry.

The agreement was signed by Mr. Haider Wahab, CEO, NIFT and Ms. Mehreen Ahmed, Group Head – Retail Banking, Bank Alfalah in the presence of teams from both entities.

Speaking on the occasion, Mr. Haider Wahab– CEO NIFT said, “Growth of Digital Payments is certain, given the focus and initiatives taken by State Bank of Pakistan and the Government on driving digitization and financial inclusion in Pakistan. The recently launched National Payment Systems Strategy (NPSS) and the MPG initiative by SBP lays out a clear and solid framework for a digital payments network in the country, NIFT looks to embracing these initiatives and the tremendous opportunities this will bring about.

NIFT has been providing consistent services to the financial industry over the past two decades and its time that we play our role in creating a reliable, secure, and interoperable payments systems which enables different digital payments use cases in Pakistan. We are very excited venturing into these new partnerships with the industry to offer new range of Digital Financial Services providing same level of confidence that is expected from NIFT by the industry.

We are pleased to sign up Bank Alfalah as NIFT ePay settlement bank having strong and common understanding of managing digital payment operations. The bank has over the years demonstrated progressive innovation around digital services which forms the common bridge between the two organizations.”

Ms. Mehreen Ahmed remarked, “Bank Alfalah is proud to be an enabler for an innovative & first of its kind solution being launched by NIFT. We are a dominant player in the payments and digital space, and will continue to play our role in spearheading and facilitating payments in the country. Through this partnership, while we will be at the core of enabling the payments industry for a new service, I am also excited that this will open up a new transaction set for the bank’s account & wallet holders.”

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