1 March 2018

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6 Thursday, March 1, 2018 Biz Saudi views Pakistan as one of top destinations for investment RIYADH: Saudi Deputy Minister for Foreign Trade Abdulrahman Alharbi has said that Saudi Arabia views Pakistan as one of the top destinations for making investments. The statement was made at a meeting of Pak- Saudi Joint Working Group on Trade and Investment in Riyadh. Commerce Secretary Mohammad Younus Dagha headed Pakistan delegation at the two-day talks. The two sides reaffirmed their commitment to strengthen bilateral ISLAMABAD: Islamabad Chamber of Commerce & Industry in collaboration with Trade Development Authority of Pakistan/Ministry of Commerceorganized a “Look Africa” Trade Forum that was aimed at exploring new avenues of promoting trade and exports with African countries. The diplomats of Nigeria, Kenya, Libya, Sudan, Tunisia, Mauritius, and Egypt attended the trade forum. Maria Qazi, Joint Secretary, Ministry of Commerce and Khalid Rasul, Director, trade and investment ties in line with the understandings developed during the meeting of Pak- Saudi Joint Ministerial Commission held in TDAP were also present at occasion. Addressing the Trade Forum, Sheikh Amir Waheed, President, Islamabad Chamber of Commerce & Industry said that 54 African countries were a market of over 1 billion people with huge potential for Pakistan to promote trade and exports. He urged that government should sponsor trade delegations to African region to explore new avenues of trade with it. He said that total trade volume of Africa was around $ 1 trillion, but Islamabad last month. During the meeting, the Saudi side acknowledged Pakistan’s total trade with it was only 3 billion, which was quite negligible. He emphasized that government should provide incentives to private sector for organizing exhibitions in African countries to introduce more Pakistani products in the region. He said Pakistan has resident missions inonly 15 African countries and stressed that Pakistan should open its missions in all major African countries that would help in improving trade and economic relations with the region. and appreciated Pakistan's position as a preferred destination for investment in view of its macroeconomic indicators, growth projects, strategic location and overall investment regime. Saudi officials showed their interest in investing in Pakistan in many sectors including petrochemicals, dairy, livestock, mining and others. The two sides agreed to activate Pak-Saudi Joint Business Council within two months and that Pakistan will hold a single-country exhibition in Saudi Arabia this year. PSDC to provide Pakistan aims $5 billion annual training at Pakistan Auto Show 2018 trade with Africa in next five years LAHORE: Pakistan Ecommerce Gateway to hold 5 major Industrial exhibitions in March 2018 ISLAMABAD: The top trade-fair organizer of Pakistan – Ecommerce Gateway is all set to organize 5 international megaexhibitions, starting in Karachi from 13th March and concluding on 15th of March 2018. The multiple events will be held at the Karachi Expo Center. These 3 day events will include Auto & Transport Asia, Engineering Asia, Oil & Gas Asia and Power & Alternative Energy Asia. These events will feature more than 1000 local and foreign exhibitors and is expected to be attended by more than 100,000 people, whereby all major players will get an opportunity to dsplay and market their products and services. It will also give a platform to the international investors, manufacturers, traders and foreign entrepreneurs to interact with various segments of Pakistani consumers. These diversified events include: The 17th International Auto, Transport & Logistics Asia– the biggest platform for the presentation of the products from Automobile industry, Commercial Vehicle industry, Railway Industry, Next- Gen Battery Industry and Airlines Industry. Facebook Introduces New Feature in Pakistan to Help Increase Blood Donations K A R A C H I : Today, Facebook is launching a blood donations feature in Pakistan to make it easier for people to sign up to be blood donors, and to help connect donors with people and organizations in need. 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 can cause high-stress situations as people try to find blood donors on their own. Many people are reaching out to their networks on Facebook. There are thousands of posts each month in Pakistan seeking blood donors on Facebook, and over 100,000 people in blood donation groups. This is where Facebook can help, by finding ways to more efficiently bring blood donors, people and organizations together. We have worked together with non-profit organizations, health industry experts, potential donors and people who have used Facebook to find blood donors to ensure that this feature was designed to be useful to people. We recently launched a similar tool in India and Bangladesh, where nearly 7 million people have signed up to be blood donors on Facebook. Pak, Philippines agree to enhance cooperation in diverse fields I S L A M A B A D : Pakistan and Philippines have agreed to enhance cooperation in diverse fields for shared progress and prosperity. The understanding was reached at the inaugural Session of two-day Pakistan-Philippines Joint Economic Commission in Islamabad. The session was Cochaired by Secretary, Economic Affairs Division Arif Ahmed Khan and Deputy Minister for Industry Development and Trade Policy Group of Philippines Dr. Ceferino S. Rodolfo. Auto Show 2018 exhibition would be held at the Lahore Expo Centre from 2nd to 4th March 2018. The event will also serve as a platform for trainings and conferences Tariq Ahmed Khan’s lecture on the Toyota Production System. Abdur Razzaq Gohar will explain the role of “Integrated System of Management”, while Haseeb Tahir will make a presentation on Lean 5S and Naveed Ahmed Khan will speak on the “Global Best Practices in the automotive Industry”. Muhammad Tahir will discuss "The challenges faced by road transport, their impact on efficiencies on different entities". Ariel Danez will discuss the "Quality of Air for Automotive Paint Shop". Mian Ashfaq Ali will discuss "The Electric vehicles-future electro mobility: challenges & prospects" and Professor Dr. Riaz Mufti will speak about: "Test rigs & automated inspection". Towards the end of the conference, Kaiser J. Khatana will talk about "Road safety - Aimed at vehicles' safety”. Chinese, Pakistanis hold business meetings at PCJCCI LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) here Wednesday organized B2B (business to business) meetings of 31-member high profile, multi-sector Chinese Trade delegation with Pakistani businessmen, investors, and entrepreneurs. The delegation was headed by Teng Shuang, Deputy Minister China Council for the Promotion of International Trade Jinan. The Delegation came with a purpose to hold interactive B2B meetings with potential partners in Pakistan. The area of interest was mainly Auto Parts manufacturing sector including electrical accessories, electrical equipment, sheet metal processing, , fiber laser cutting machine and precision machinery along with many other. CORPORATE CORNER Meezan Bank & IBA sign agreement for Fee Collection! KARACHI: Mr. Ijaz Farooq, Group Head Retail Banking, Commercial, SME & Agriculture Finance - Meezan Bank and Syed Amir Ali, Group Head Corporate & Investment Banking - Meezan Bank and Mr. Moeid Sultan, Director Finance- IBA along with their teams at the signing ceremony. KARACHI: Meezan Bank, Pakistan’s first and largest Islamic bank recently signed a fee collection agreement with the Institute of Business Administration, Karachi (IBA). Under this agreement, the Bank will provide Payments & Cash Management services to IBA through the Bank’s state-of-the-art web based electronic solution ‘eBiz+’. The agreement was signed by Mr. Ijaz Farooq, Group Head Retail Banking- Meezan Bank and Mr. Moeid Sultan, Director Finance- IBA. This agreement between IBA Karachi and Meezan Bank is a testimony of the Bank’s expertise in the field of payment and cash management services through which the Bank provides digitalized collections solutions to its clients for a hasslefree banking experience. Meezan Bank is the 8th largest bank in Pakistan and the leading Islamic bank of the country. The Bank provides a comprehensive range of Islamic banking products and services through a retail banking network of more than 600 branches supported by a countrywide network of over 580 ATMs, Visa & MasterCard Debit cards, a 24/7 Call Center, Internet Banking and Mobile Application facility. Meezan Bank has consistently been recognized as the Best Islamic Bank in Pakistan by numerous local and international institutions, which is a testimony of the Bank’s commitment to excellence. These institutions include Islamic Finance News - Malaysia, Global Finance magazine - New York, Asset AAA - Hong Kong, Asiamoney – Hong Kong, The Banker – United Kingdom, South Asian Federation of Accountants, Islamic Finance Forum of South Asian Awards, Pakistan Banking Awards – Dawn & IBP Pakistan, Employers Federation of Pakistan and CFA Association - Pakistan. The JCR-VIS Credit Rating Company Limited, an affiliate of Japan Credit Rating Agency, Japan has reaffirmed the Bank’s long-term entity rating of AA (Double A) and short-term rating at A1+ (A One Plus) with stable outlook. The rating indicates sound performance indicators of the Bank. Meezan Bank is the only Islamic bank with AA credit rating in the Islamic banking industry in Pakistan. IT Ministry signs MoU with Huawei at Mobile World Congress ISLAMABAD: In a yet another significant development in the realm of ICT empowered socio-economic development, Ministry of IT and Telecom through the Universal Service Fund (USF) signed a Memorandum of Understanding with Huawei at the Mobile World Congress 2018 in Barcelona. USF was established by the IT Ministry to spread the benefits of the telecom revolution to all corners of Pakistan, and promote the development of telecommunication services. Chief Technology Officer USF Syed Asif Kamal signed the MOU on Tuesday with the representative of Huawei, witnessed by Minister for IT & Telecom, Anusha Rahman Khan. Through this MOU, Huawei will contribute towards digital development in Pakistan via USF programs through appropriate utilization of its expertise in program design, training and sharing successful experiences of its national ICT portfolio across infrastructure broadband services, vertical public services and intelligent digital platforms. Speaking on the occasion, the IT Minister said that Huawei will provide the requisite expertise to MoIT through USF to develop National ICT services execution strategy, support Joint Innovation center (JIC) for empowering women benefiting from the USF ICT for Girls program and support and encouragement for the top three best performing graduates. ISLAMABAD: Minister of State for it & Telecom, Mrs. Anusha Rahman witnessing the MoU signing ceremony between USF and Huawei in Barcelona NA Committee presents budget recommendations for financial year 2018-19 ISLAMABAD: The National Assembly Standing Committee on National health services, regulations and coordination has presented its budget recommendations for the financial year 2018-19. The Committee briefed regarding Public Sector Development Program (PSDP) budget estimate of Rs. 37.710 billion of nearly fiftyeight projects. The committee meeting was held the chairmanship of Dr. Hafeez-ur- Rehman Khan. The Committee considered PSDP in detail and approved the same with some suggestions. Meeting participants highlighted the loopholes in on-going and new projects of the Ministry for PSDP 2018-19 in reply of which, Ministry assured the Committee that Ministry will consider the suggestions in letter and spirit. The Committee considered the “HIV/AIDS (Safety and Control) Bill, 2013” (moved by Dr. Azra Fazal Pechuho, MNA) and after detail deliberation recommended that the Bill may be deferred till next meeting. It also considered the “The Drug Regulatory Authority of Pakistan- (Amendment) Bill, 2017” (moved by Dr. Nafeesa Inayatullah Khan Khattak, MNA) in detail and rejected the bill. Lawmaker shows concern on not receiving reply on Governor SBP's appointment ISLAMABAD: The National Assembly Standing Committee on Finance has expressed its displeasure for not receiving the reply about the procedure of appointment of Governor State Bank of Pakistan from SBP. The meeting of the committee was held in the chair with Qaiser Ahmed Sheikh MNA in parliament house on Wednesday. The Additional Secretary Ministry of Finance briefed the Committee that current account deficit is likely to remain from 15 to 16 billion US dollar. The reason of increase in current account deficit was the reduction in exports. “During the current fiscal year the volume of export was 24.1 US dollar while volume of imports was 53.5 billion US. The current account deficit was 12 billion US dollar during the last fiscal year”, he added. Asad Umer, parliamentarian of PTI said that I have asked the reply of this question during last four meetings of the committee but did not receive so far. He said that I have personally asked this question from Governor State Bank of Pakistan. On this Secretary Committee said that on Feb 9, Governor SBP has sent his written reply in this regard. It is revealed in the meeting of the committee that it is fear to increase the deficit in current account approximately 4 billion US dollar during current fiscal year. It is also revealed in the committee that during the four and half year of existing government foreign loans were increased 50 % while the total loan in 2013 was 66 billion US dollar. Presently foreign loan are some 93 billion US dollar. KARACHI: Minster of State for Finance & Economic Affairs, Rana Muhammad Afzal Khan being presented with a Memento during his meeting with members of Association of Builders and Developers of Pakistan (ABAD).
Thursday, March 1, 2018 Sportlight 7 Cricketer Shahzaib Hasan banned for one year in spot-fixing probe LAHORE: An anti-corruption tribunal on Wednesday banned cricketer Shahzaib Hasan for one year and fined him Rs1 million for his role in spot-fixing during the 2017 season of the Pakistan Super League (PSL). Shahzaib Hasan, who represented Karachi Kings last year, was the fifth player to be suspended in the spot-fixing probe. The 27-year-old opener, who has represented Pakistan in three one-day internationals and 10 T20 matches, was suspended on March 17, 2017 and charged with three violations of the Pakistan Cricket Board’s (PCB) anti-corruption code. The PCB’s anti-corruption unit had charged him for violating three clauses of its anti-corruption code: for luring cricketers into the scam, not reporting approaches by the bookies, and hiding information regarding his contacts with the bookies. The tribunal hearing the case against Shahzaib had reserved its verdict on January 31. Along with Shahzaib, Islamabad United openers Khalid Latif and Sharjeel Khan were handed fiveyear bans last year after they were found guilty of spot-fixing and other breaches of the board’s anti-corruption code. Fast bowler Mohammad Irfan and allrounder Mohammad Nawaz were also suspended for twelve and two months, respectively, for not reporting the corrupt approach to the board in a timely manner. The probe is ongoing against former Pakistan opener Nasir Jamshed. Sangakkara, other foreign players of Multan Sultans ready to travel to Pakistan DUBAI: Multan Sultans, the debutant franchise of the Pakistan Super League (PSL), has confirmed its star batsman Kumar Sangakkara is “ready and excited” to travel to Pakistan for the later matches of the tournament. Lahore’s Gaddafi Stadium is set to host two eliminator matches of the PSL, while Karachi’s National Stadium will witness the final on March 25. Speaking to media in Dubai, Multan Sultans President Asher Schon said Sri Lankan veteran batsman Kumar Sangakkara, as well as other overseas players in the team, are ready to travel to Pakistan. “Yes, Kumar Sangakkara has agreed [to come to Pakistan] and he’s very excited about it, he has a lot of history in Pakistan,” said Schon, adding that other foreign players in his team would be travelling to Pakistan as well. The franchise president said it was good to see the big stars stepping up with their game. “Our big players have stepped up.. [look at] Kumar Sangakkara, Shoaib Malik. We have the strongest bowling lineup [in PSL].” He also lauded the professionalism of head coach Tom Moody and director Wasim Akram, who “must be given credit for the team’s performance.” Schon also shared his franchise’s plans to collaborate with Lahore Qalandars for players’ grass roots development. “We want to work closely with Lahore Qalandars for the players development program,” he said, while appreciating the efforts of the Qalandars management in developing grass roots cricket talent across the province. He shared that the Multan Sultans would be launching their own such program to develop cricket talent in the country, from April this year. Jan Sher wants federation to work on junior players as well Sports Reporter KARACHI: Pakistan’s former World Champion Jan Sher Khan says that to help Pakistan its lost glory in the game of squash, efforts has to be made on junior players junior players along with senior players at the academy. Jan Sher Khan, the record holder of World Open tournament, also said that Pakistan Squash Federation (PSF) should raise its voice in the international court of Sports Reporter KARACHI: In the recently concluded KBA Bridge Teams Tournament 2018, comprising of 9 Round Complete Round Robin Movement was played at the Aslam Bridge Hall Karachi. The team Puri Real Estate won the justice for being sidelined by Indian lobby. “In Professional Squash Association (PSA), Indian lobby has been continuously working not to allow Pakistan hold tournament of less than USD 50,000 to 70,000 for men and similarly in case of women less than USD 30,000,” alleged Jan Sher. He said that holding tournaments of USD 50,000 to 70,000 for men and USD 30,000 for Tournament with a score of 133.92 having the services of Tehsin Gheewala, Hassan Askari, Mubashar Puri, Hamid Mohiuddin, Ziaullah Beg & Khaled Mohiuddin. The First Runners up position went to Bilal at a score of 118.72, comprising of Gulzar Bilal, women have advantages only for the international players. It was rather proving unproductive for the local players. “As a matter of fact, our players get no chance to secure points in such tournaments. In the end, international players take away high prize money from Pakistan.” “On the other hand, Indian lobby in PSA events has been successful to grab Indian open tournaments Puri Real won KBA Bridge Teams Tournament 2018 Farrukh Liaquat, Anwar Kizilbash, Anisur Rehman and Mohsin Chandna. The 3rd position went to Karachi Aces at 101.91, comprising of Ghulam Mohammad, Nasir Raza Khan, Ashraf Kothari, Hussain Jaffer, Asghar Abbas, and Yawar Abbas. Boris Becker says tennis 'needs' Andy Murray to make a comeback PARIS: Boris Becker insists tennis "needs" Andy Murray and believes both he and Novak Djokovic will be motivated by Roger Federer and Rafael Nadal's own comebacks. Former world no. 1 Murray is targeting a return for the grass-court season having been sidelined since last year's Wimbledon due to a hip problem that he had surgery on in the new year. Without Murray and Djokovic, another multiple Grand Slam winner recovering from injury, 36-year-old Federer and 31-year-old Nadal have risen back to the top of the ATP rankings. Yet Becker, speaking in Monaco in his role as an ambassador for Laureus, feels the sport would benefit from Murray's return. "Tennis needs him; tennis is not the same without Andy Murray," the German said. "He got this problem and he stopped when he was the number one player in the world. It's the last thing you want to happen. "It's a serious injury -- I'm not his doctor, I can't give you details of what the surgery was or how many surgeries he had - but what I hear is he is contemplating coming back on the grass because obviously it's a little easier for the hip. "I think you wouldn't come back if you wouldn't have the chance to come back fully fit. "Once he's fully fit, he's one of the best players in the world. Then it's a question of time. How much time are you going to give yourself to come back to this level you had before? I hope he does." for men for USD 35,000. PSA has approved them to hold such low prize money tournaments with open arms, which is quite unfair,” he accused. He also complained about below par living conditions at Pakistan National Squash Academy (PNSA) for players. He said that there should be accountability of officials at the academy as it has not provided results as expected. Stokes stars in England's domineering win M O U N T MAUNGANUI: Ben Stokes produced a starring allround performance in his second match back in the England fold to help level the ODI series. He helped seal a reasonably straightforward chase of 224 with a crisp 63 off 74 balls to follow two sharp run-outs, as part of an outstanding fielding display, and a brace of wickets. Stokes - who could have been run out on nought when Colin de Sports Reporter KARACHI: On the cricket pitch, New Zealand's pace bowler fires with the ball. the 30-year-old right arm medium pacer wore a red fire helmet and save the lives of the people as a historic New Zealand landmark in his home town. Besides being a cricketer, Rance is also the Fire Brigade station officer at the Greytown. Speaking exclusively, Seth Rance said, "I’m not to sure of any other fireman and also international cricket player. If I am the first I am honoured. I enjoy helping people in need and helping our community when needed". "I have been a fire fighter since the age of 16. I am an officer in Simon Helmot appointed as Bangladesh batting coach for Nidahas Trophy in Sri Lanka Sports Reporter KARACHI: Former Victoria (Australia) coach Simon Helmot has been appointed as a batting coach for the Bangladesh cricket team for the forthcoming trination series to be played in Sri Lanka for the Nidahas Trophy. According to the highly placed sources in the Bangladesh Cricket Board, Helmot was a club cricketer in Australia and was also part of the Bangladesh support staff during Sri Lanka's visit to the Bangladesh. The 46-year-old Sports Reporter camp to prepare the players Helmot played as a righthanded KARACHI: The for the upcoming ICC batsman for National Women’s Cricket Women Championship F i t z r o y - D o n c a s t e r , Selection Committee, Round 2 (Pakistan vs. Sri Hawthorn-Waverley in headed by Jalaluddin, has Lanka) in Sri Lanka. The the past. announced 21 probable camp will be held under In 2016, he was women players for the the supervision of head appointed as a High training camp commencing coach Mark Coles. Performance Coach in from February 28 to Pakistan Women’s team Bangladesh. Helmot has March 8 at National on the tour will feature in a extensive experience of Cricket Academy in three-match T-20I and ODI coaching sides including Lahore. series against Sri Lanka Sunrisers Hyderabad Pakistan Cricket Board Women’s team. team in India's IPL. (PCB) is organizing this Probable players: Grandhomme side-footed past the stumps in his follow-through LAHORE: The - and captain International Hockey Eoin Morgan added 88 in 15 Federation (FIH) on overs to break the back of Wednesday announced the the chase in Mount schedule of the Men’s Maunganui's first day-night Hockey World Cup 2018, ODI. Stokes, playing starting from November 28 increasingly fluently, to December 16 in the reached his fifty from 54 balls and gave a muted raise of the bat around the ground, before finishing the task Indian city of Bhubaneswar. Two matches will be played every day at 5:30pm and 7:30pm PST. Pakistan alongside Jos Buttler, who will face Germany on clubbed 36 off 20 balls. They won with more than more than 12 overs to spare. This was a victory set up in the field, by the fielding. Four run outs, equalling December 1. Sixteen teams will take to the field at the Kalinga Stadium in the race for the title. The teams have been split into four groups consisting England's most in an four teams. innings, and three fine catches keeping the pressure on New Zealand throughout. Rio 2016 Olympic champions Argentina (WR 2) will compete with New Zealand the Greytown brigade. We attended a fire yesterday in the local KARACHI: Chief Guest Regional Director Colleges Hyderabad Dr Imam Ali Beg gave Trophy to Manager of Bhitt Shah College Shereen Bhatti on the occasion of Shuhdai Kashmir inter collegiate Table Tennis Tournament, Perwez Ahmed Sheikh, Prof. Shahida Abro, Prof. Abdul Hameed also present. National Women’s Cricket Selection Committee announced 21 probables (WR 9), Spain (WR 8) and France (WR 18), while reigning world champions Australia (WR 1) take on England (WR 7), Ireland (WR 10) and China (WR 17) in Pool B. Belgium (WR 3) will compete in Pool C alongside hosts India (WR 6), Canada (WR 11) and South Africa (WR 15). Pool D consists Netherlands, Germany, Pakistan and Malaysia. India will face South Africa in their opener on November 28 followed by Belgium on December 2 and Fire fighting cricketer enjoys challenges and loves working under pressure hotel. As first on scene we controlled the blaze with help of 7 Bismah Maroof (Captain), Nahida Khan, Sidra Amin, Ayesha Zafar, Javeria Wadood, Irum Javed, Muniba Ali, Fareeha Mehmood, Sidra Nawaz, Sana Mir, Nida Dar, Kainat Imtiaz, Natalia Pervaiz, Waheeda Akhtar, Nashra Sandhu, Ghulam Fatima, Rameen Shamim, Diana Baig, Maham Tariq, Aiman Anwer, Anam Amin. Pakistan grouped with Netherlands, Germany and Malaysia for Hockey World Cup 2018 Canada on December 8. A first-place finish in each pool will guarantee a berth in the quarterfinals, with the second and third place finishers in each pool needing to win a cross-over match, which will be played on Monday 10 and Tuesday 11 December, in order to reach the last eight. The last eight fixtures will take place on Wednesday 12 and Thursday 13 December. Following a rest day on Friday 14 December, the event semifinals will be played on Saturday 15 December, with the bronze medal and the showpiece Final scheduled for Sunday 16 December. other fire trucks". Seth Rance, who is married, and have two children, enjoys playing cricket more than help extinguishing fire. "I enjoy being a cricket player more but also enjoy being a fire fighter. They both have challenges, especially working under pressure", he further added. Rance has played 2 ODIs' and 4 T-20s. His last international appearances in ODI and T-20 were against Bangladesh (at Dublin in May 2017) and Pakistan (Auckland, earluer this year). Rance, however, is being ignored from the New Zealand's ODI squad for the ongoing series against England.
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