10 months ago

2 March 2018

6 Friday,

6 Friday, March 2, 2018 Biz Ambassador advises business community to explore investment opportunities in Bosnia Muffasar Malik for liberal visa policy to improve Pakistan-Bosnian meager trade K A R A C H I : Ambassador of Bosnia & Herzegovina Sakib Foric has advised the business and industrial community of Karachi to explore the investment opportunities in Bosnia & Herzegovina where they can enjoy many benefits including cheaper fuel and electricity along with tax free regime and other facilities being offered through the Foreign Investment Promotion Agency (FIPA) which facilitates and supports foreign direct investment in Bosnia. Exchanging views with President KCCI Muffasar Atta Malik, Senior Vice President KCCI Abdul Basit Abdul Razzak and KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI) Muffasar Atta Malik presenting crest to Ambassador of Bosnia & Herzegovina Sakib Foric during his visit to KCCI. Senior Vice President KCCI Abdul Basit Abdul Razzak and KCCI Managing Committee members are also seen in the picture. KCCI Managing Committee Members during his visit to the Karachi Chamber of Commerce and Industry (KCCI), Bosnian Ambassador added that FIPA offers practical assistance in dealing with government institutions by working directly with investors and it also assist investors to develop contacts with the public and private sector. Bosnian Ambassador informed that FIPA carries out extensive research to ensure that investors are fully aware of the opportunities available in different sectors of the Bosnian economy. “Moreover, FIPA works alongside the embassies and diplomatic missions of Bosnia & Herzegovina that can also help explore investment opportunities in Bosnia & Herzegovina. We need investors and business from your country. You must visit Bosnia & Herzegovina to see this business and tourist friendly Muslim country which is very close to European Union”, he added. Luring the business and industrial community, he said that 70 percent of Bosnian & Herzegovinian border touches European Union hence, it can be used as a logistics base by Pakistani investors which can be used as a road to EU. He opined that Bosnia & Herzegovina and Pakistan maintain good relations since many years and it was really heartening to see that Pakistan has continued to extend full support and cooperation to Bosnia particularly during difficult times. “Pakistan and Bosnia, being two brotherly countries, have special feelings for each other. We not only need to have more exchanges of business delegations but students, cultural, sports and other exchanges must also be encouraged in order to further improve the relations between the two brotherly countries”, he added. BSM developers officially announces Gwadar Golf City project CEO Gwadar Golf City, Malik Bilal Bashir held a mega event for media and real estate representatives across Pakistan to reveal the project, in Karachi KARACHI: Gwadar Golf City CEO & Grandson of Malik Riaz held a mega event for media to reveal their project in Gwadar. The event was organized at DHA Golf Club, where senior personalities from media, Real Estate, and Business Community were invited. Gwadar Golf City is a landmark housing development project in Gwadar Port City by BSM Developers. BSM stands for Bilal Steel Mills, and its owner Malik Bilal Bashir is the CEO of BSM Developers, the grandson of Mr. Malik Riaz Hussain; the founder of Bahria Town. Gwadar Golf City ventures into an upscale housing development, in the future commercial Hub of Pakistan which appeals to commoners and investors alike. It is claimed to be the biggest housing scheme in Gwadar, located in Mouza Paleri Garbi which lies towards north on Makran Coastal Highway. APTMA backbone for country’s progress: Ayaz Sadiq ISLAMABAD: Speaker National Assembly Ayaz Sadiq said Thursday that All Pakistan Textile Mills Association (APTMA) is the back bone for progress of the country. He expressed these views while talking to a delegation of APTMA led by Chairman Amir Fiaz Sheikh and President Ejaz Gohar called on him here. Federal Ministers Miftah Ismail, Rana Muhammad Afzal Khan, Haji Akram Ansari, Awais Ahmad Khan Leghari and Secretary were also present. APTMA Chairman Fiaz Sheikh and President Gohar Ejaz informed Speaker National Assembly about the problems being faced by the textile industry. Ayaz Sadiq assured to resolve all problems of the APTMA on priority basis. He said textile industry and other industrial sectors have key and instrumental role to gain valuable foreign exchange for the country's development. He added the economy of the country could be made robust through APTMA. Speaker assured his full cooperation to solve the problems of the industrial sector, saying government was keen to resolve APTMA issues. He said government has introduced investment-friendly policies to promote investment in the country. Industrial sector is among the top priorities of the government providing the enabling environment, he added. FPCCI flays hike in POL prices I S L A M A B A D : Federation of Pakistan Chamber of Commerce and Industries (FPCCI) has slammed the recent hike in the prices of petroleum products and called upon the government to withdraw its decision as it increasing the prices of petroleum products twice in a short span of time would unleash a new wave of inflation in the country. It would put more burdens on the common man and badly affect the growth of trade and industrial activities, said Ghazanfar Bilour , President FPCCI with meeting of Islamabad chamber, Rawalpindi chamber, Gujranwala Chamber, Gujarat Chamber Members said that instead of hiking POL prices, government should focus on reducing taxes and duties on POL products and control nondevelopmental expenditures. He said government should reduce high taxes and charges on POL products instead of increasing their prices. It was a wise approach save the business community KARACHI: A worker is placing new cards for the prices of petrol at a petrol pump after hike in the prices of petroleum products. and the general public from further problems. He said the recent hike in POL prices would further enhance the cost of doing business as manufacturing, movement of raw materials and trading goods will become costly. He said the industrial sector will be the immediate victim of the hike in POL prices as it was one of the major raw materials for industries. He said the move would also reduce the competitiveness of Pakistani goods in the international market and foil the government`s efforts for revival of exports. He added that the economy of Pakistan was already facing many challenges due to rising trade and current account deficits, falling exports and heavy cost of debt servicing. In this scenario, increasing prices of POL products twice after a short gap would create more difficulties for the economy. He said government should immediately withdraw the recent hike in POL prices and avoid taking such measures, because making repeated increases in POL prices would put unnecessary burden on the already hard pressed general public and hit the growth of trade and industrial activities. CORPORATE CORNER Lucky Cement Awarded MAP’s Corporate Excellence Award KARACHI: Lucky Cement Limited (PSX: LUCK) won the Management Association of Pakistan’s Corporate Excellence Award in the Cement Sector category. Syed Noman Hasan, KARACHI/SEOUL: LG Electronics (LG) unveiled the 2018 edition of its popular K8 and K10 mass-tier smartphones at MWC 2018, enhanced with even more premium features rivaling those of premium flagships. Both models willrolloutglobally in key regions such as Europe, Asia, Latin America and the Middle East. With a host ofadvanced camera features such as high speed auto focus and noise reduction for better low-light photography, the K Seriescontinues to deliver exceptional products to customersat exceptional prices. Both the K8 and K10 carry over the handsome glossy pebbleidentitythat has been a key element of the K Series’ identity, complemented by its 2.5D Arc Glass design for Executive Director of Lucky Cement Limited received the award at the 33rd MAP Annual Corporate Excellence Award Ceremony held at a local hotel yesterday. The Corporate Excellence Awards was instituted by MAP in 1982 with the sole aim to recognize and honor companies showing outstanding performance and demonstrating progress and enlightened management practices. Mr. Muhammad Ali Tabba, CEO Lucky Cement, remarked, “By winning the award in the Cement Sector category indicates that we are a market leader and it brings much joy to all at Lucky Cement. We accept this award with great pride and are extremely grateful to all our employees and stakeholders for helping us achieve repeated success over the years.” LG Unveils More Advanced K10 and K8 Series Smartphones at MWC New Devices Close Gap BetweenLG’sPrice-Friendly Mass-Tier Devices and Flagships a modern, seamless look that ages well with time. Both phones will be available in three new, striking colors for 2018: Astro Black, Moroccan Blue, and Terra Gold. The classy metallic design of the LG K10 with its metal U-frame not only looks sleek, but it is also packed with premium features not normally found in its price range. The K10 is equipped with theadvanced 13MP rear camera technology found in the flagship LG G6 and a high resolution 8MP front camera that supports Bokeh when shooting selfies. With the K10, shutterbugs won’t miss any great photo opportunities with Phase Detection Auto Focus (PDAF) whichis 23 percent faster than traditional auto focus. PTCL declared as the fastest growing brand in Pakistan KARACHI: PTCL is declared as the fastest growing brand in Pakistan with a brand value of USD 119 million (More than 12.5 billion Rupees). This was announced by Brand Finance at a ceremony held in Barcelona during the Mobile World Congress 2018. A trophy to mark this occasion was presented to Dr. Daniel Ritz, President & CEO, PTCL by David Haigh, CEO, Brand Finance. HateemDowidar, CEO of Etisalat Group, Adnan Shahid, Chief Commercial Officer, PTCL, Syed Shahzad Shah, EVP, Marketing & Communications, PTCL, along with other key management of Brand Finance and PTCL, were also present on the occasion. Emirates A380 returns to Houston KARACHI /DUBAI: Emirates will resume its flagship A380 service between Houston (IAH) and Dubai (DXB) from 1 June 2018. This follows the airline’s recent adjustments to its US services with the launch of a new non-stop Dubai-Newark service from 1 June 2018 and the resumption of daily services to Fort Lauderdale and Orlando from 25 March 2018. Houston will join more than 40 destinations on Emirates’ extensive global network served by its highly popular A380 aircraft, including Mumbai, Kuala Lumpur, Singapore or Kuwait. KARACHI: Brand Finance declared PTCL as the fastest growing brand in Pakistan. President & CEO, PTCL, Dr. Daniel Ritz receiving the trophy from David Haigh, CEO, Brand Finance, along with Chief Commercial Officer, PTCL, Adnan Shahid, EVP, Marketing & Communications, PTCL, Syed Shahzad Shah, with CXO team at Mobile World Congress 2018. KARACHI: Onederland, a one-stop family entertainment destination located at the second floor of LuckyOne Mall is Karachi’s biggest indoor family entertainment arena. It is truly the ‘Future of Entertainment’ in Pakistan where the visitors experience a fun-filled and thrilling environment. Onederland is a member of IAAPA (International Association of Amusement Parks & Attractions) that ensures to comply with all elements of International safety regulations and compliance for a world class Family Entertainment Center - (FEC). The level two is an adult oriented funzone catering to the entertainment starved Karachiites and is opening doors to the public. Onederland is truly conceived to be the ‘Future of Entertainment’in Pakistan Brand Finance is the world’s leading independent brand valuation and strategy consultancy, headquartered in London. In 2017, Brand Finance measured the Etisalat brands portfolio where PTCL’s brand value stood at USD 86 million. With a 37.5% increase in value in the span of just one year, the PTCL Onederland, family entertainment destination opens level-2 where the visitors are bound to experience a fun-filled and thrilling environment and their theme of “Screams of Happiness” is simply very true! “Today is an exciting day for us. We are proud to mention that we selected the best rides from world class, award winning internationally acclaimed entertainment manufacturers and suppliers from across the globe for Onederland and this mission has now come to fruition, a reality as Onederland opens its doors of the 2nd level to the public which will bring screams of happiness and thrills on people’s faces. KARACHI: Ribbon Cutting done at the inauguration of Onederland Level-2 at LuckyOne Mall last evening by Muhammad Yunus Tabba accompanied by Sohail Tabba, Jawed Tabba and lmran Tabba along with socialites and celebrities at a fun packed evening at Onederland. brand has become the fastest growing brand in Pakistan. It has also become the second telecom brand in Pakistan to be valued over $100M, improving its ranking by 21 points to be placed at 214 in Brand Finance’s Telecoms 300 2018 league table. The tremendous growth of PTCL brand equity is a result of the extensive brand building efforts that the company has pursued aggressively last year that included sponsorship of the national Pakistan Cricket Team, Hockey team and actively participating in the Pakistan Super League with Islamabad United cricket team and being the official telecom partner of FC Barcelona in 2017 in Pakistan. Nestlé wins UNGC Award 2017 KARACHI: For second time in a row, Nestlé Pakistan was awarded with First Prize for “Living the UN Global Compact Business Sustainability Award 2017", in a multinational category. In 2016, Nestlé Pakistan was awarded with the first prize as well in the category “Living the Global Compact Business Excellence 2014- 15.”Winning this prestigious award twice in a row signifies Nestlé Pak’s continuous commitment towards its purpose of enhancing quality of life and contributing to a healthier future in complete alignment with UN Sustainable Development Goals.

U-23 tournament in Pakistan in doubt after BCCI refuses to send team NEW DELHI: BCCI’s strong stand to not send the Indian team for Asia Emerging Nations Cup, slated to be held in Pakistan this April has put a question mark on the tournament’s organisation in the country. A Pakistan Cricket Board (PCB) official privy to the developments revealed that in the worst case scenario, the tournament will have to be shifted out of the country to either Sri Lanka or Bangladesh. PCB chairman Najam Sethi, who is also the head of the Asian Cricket Council (ACC) told the media in Dubai that he would soon be calling a meeting of the ACC in Colombo to take final decisions regarding the Asia Emerging Nations Cup and Asia Cup, which is scheduled to be held in India, later this year, in September. Dr M. Arif Hafeez Sports Reporter Sethi also said that the next meeting of the ACC would be decisive as venues and dates for both the aforementioned events physiotherapy treatment in Thailand or return to Bangladesh would be taken in next 24 hours", Dr.Debashish Chaudhary attached with the Bangladesh Cricket Board (BCB), said exclusively. The 30-year-old all rounder consulted two hand specialists in Bangkok Hospital (Dr. K A R A C H I : Bangladesh skipper Shakib Al Hasan may not be able to play in all matches in the Nidahas Trophy. "The skipper is in Thailand, where he sought opinions from two specialists and the decision Yongsakdi Liengudom) whether he should take and Vejthani Hospital. One of the surgeons is believed to have opined for the surgery, whereas the other has suggested the physiotherapy. Dr. Yongsakdi Liengudom and the other one who saw Shakib on Tuesday are specialists in hand and micro surgery. "The surgery, even if it is a minor one (i.e. scare removing) will be the last option as he already had would be decided. The PCB chairman was quoted saying by Sportskeeda, “We agreed to host the event in April this year on the Shakib "doubtful" for Nidahas Trophy: Two specialists differ on opinion Afridi strikes down prospects of rejoining national squad S H A R J A H : Flamboyant all-rounder Shahid Afridi struck down the possibility of rejoining the national team in near future. Speaking to, the former T20I captain said that he has played for the national team to the best of his abilities and the cricket he is playing now is only for his fans and his charity organization. Afridi commended the captaincy of Karachi Kings’ skipper Imad Wasim, by saying that he consults with the team whenever he faces any challenge during the game. “He doesn’t take all decisions by himself, he listens, he is taking everyone along, there were twothree times when the pressure was on him but he remained relaxed,” the allrounder said. Afridi appealed to cricket fans living in the United Arab Emirates to enjoy Pakistan Super League by visiting stadiums. “I believe the first two seasons were very good, in this season so far fan turn out is a bit low,” he said. "There should have been more marketing for PSL to get more crowd in the ground. I request fans to come to the stadium and enjoy cricket.” Afridi expressed his hope that the crowd will come in a throng from the matches being played at Sharjah till the final. Interestingly, while Sports Reporter KARACHI: Sri Lanka's new coach Chandika Hathurusingha preferred the Club tournament be played on the shortest format of the game. "The ongoing Club tournament now being played in Sri Lanka is known as Club T-20. It used to be played on a longer-over format but our coach wanted it to be converted into T-20 and that's how it is underway here", responding to a question, Afridi shared his observation that he has not yet seen any special talent from the young, emerging players in this edition of the PSL. “One of the main reason behind PSL is to bring out new talent. Boys who don’t get the opportunity to showcase their potential in the domestic setup join franchises to show their one of the SLC (Sri Lanka Cricket) board officials, speaking exclusively, said. The tournament is scheduled to be played till March 3. Perhaps keeping the forthcoming Nidahas Trophy in mind, Hathu is believed to have introduced this format. The tri-nation series with India and Bangladesh will be played from March 6-18. In the meantime, talent, but I have not seen any special talent up till now.” Afridi expressed his hope that three, four youngsters playing in the PSL join the national team like Hasan Ali, Imad Wasim, Shadab Khan and Fakhar Zaman. Karachi Kings will be playing their next match against Multan Sultans on Friday. Hathurusingha wanted Club tournament be played on shortest format Coutney Walsh, the interim coach of the Bangladesh team, is in India (Kolkata) to deliver the 2018 edition of the Tiger Pataudi Memorial Lecture on Wednesday. The Bangladesh team will fly from Dhaka to Si Lanka on Sunday. The BCB (Bangladesh Cricket Board) will send one of his selectors to Sri Lanka. Habibul Bashar may travel with the team during this tournament. one. If it (surgery) is still unavoidable, he may be sent to Australia", a wellplaced source added. "We are keen Shakib to travel with the team to Sri Lanka even if he has to miss the few matches. In case, Shakib is unable to lead the side, the vice captain Mahmudullah will be in charge of the team", the source added further. Angelo Mathews ruled out of Nidahas Trophy COLOMBO: Former skipper of Sri Lanka, Angelo Mathews frustrations with injuries continue as he has been ruled out of the upcoming series Nidahas Trophy tri-nation tournament with a new injury. Sri Lanka 20-man squad: Dinesh Chandimal (Capt), Upul Tharanga, Danushka Gunathilaka, Kusal Mendis, Dasun Shanaka, Kusal Perera, Thisara Perera, Jeewan Mendis, Suranga Lakmal, Niroshan Dickwella, Sadeera Samarawickrama, Isuru Udana, Jeffrey Vandersay, Akila Dananjaya, Amila Aponso, Asitha Fernando, Lahiru Kumara, Nuwan Pradeep, Dushmantha Chameera, Dananjaya de Silva. Bangladesh have been searching for a head coach since November a year ago when Chandika Hathurusingha resigned and joined his home team Sri Lanka. Chandimal had earlier led the side to victory in Bangladesh in a One-Day International tri-series that also featured Zimbabwe, and in a bilateral T20I series against the home side. "I personally feel that [Khaled Mahmud] Sujon should go as team manager", ESPN quoted BCB president Nazmul Hassan. B I R M I N G H A M : Australian hurdling star Sally Pearson admitted Thursday she was heading into the IAAF World Indoor Championships and Commonwealth Games learning how to best manage coaching herself. Pearson, 31, claimed her ninth Australian 100m hurdles crown last month and will use the indoor champs in Birmingham as a perfectly-timed warm-up for next month's Gold Coast C o m m o n w e a l t h s . "Sometimes I don't know who's talking in my head," joked Pearson, who won the world indoor 60m hurdles title in Istanbul in 2012, the same year she went on to win Olympic gold over understanding that all nations would participate in it.” India has strictly refused to play Pakistan in any series that is not under the aegis of ICC since the 2008 terror attack in Mumbai. And even in other public forums, the Indian board has been reluctant to give any concessions to Pakistan. Sethi thus cleared any air of doubt stating that Pakistan’s participation in the Asia Cup in India will similarly be subject to conditions. He also added that his participation in the ICC board meetings in Kolkata later in April would be subject to whether the ICC could acquire a visa for him from India. “I have no interest in travelling to India. If the Indian authorities issue a visa I will go if not the ICC should see,” Najam Sethi added. Rangers Gymkhana wins in Karachi Champions Trophy Sports Reporter KARACHI: Rangers Gymkhana overpowered Saeed Akhtar Cricket Club by 32 runs in All-Karachi Champions Trophy League Cricket Tournament here at KGA Ground. Summarized Scores: Rangers Gymkhana batted first in the match and put on board 158 runs for 7 wickets. Ejaz Khan batted well for the side scoring 43 runs with the help of five fours. Bashir Ali contributed 26 runs. In reply, Saeed Akhtar CC was bowled out for 126 runs. Khalid Hafeez top scored for the side 38 runs. SHARJAH: The knee injury sustained by Islamabad United bowler Rumman Raees is not as serious as initially feared, sources privy to the matter said on Thursday. Raees had to be stretchered off the ground during the match against Quetta Gladiators Wednesday night, after his right-leg knee stuck on the KARACHI: Tickets for the two eliminator matches of Pakistan Super League 2018 to be played in Lahore are available exclusively at TCS Express Centres from today. The tickets will be available at 78 TCS express centres in Karachi, Lahore, Sheikhupura, Kasur, Raiwind, Faisalabad, Gujranwala, Friday, March 2, 2018 Sportlight Sialkot, Hyderabad. Details of the locations of these TCS Express Centers are available on the website. Due to security reasons, there is a maximum cap of five tickets per CNIC and buyers will have to be present with their original CNICs at the time of making the purchase. Expressing his views, M.A. Mannan, President and CEO, TCS Holdings said, “We are delighted to be part of the Pakistan Super League. Cricket, as we know, has huge fan following in the country and we thank the PCB for entrusting us with the 7 PSL eliminator tickets available at TCS Express Centres from today SHARJAH: Whether it’s Shahid Afridi’s acrobatic catch at the boundary or Joe Denly bringing back memories of Jonty Rhodes, this edition of the Pakistan Super League (PSL) has seen some fantastic fielding from teams. Pakistan and Karachi Kings coach, Mickey Arthur has also taken notice and is all praise for the effort being put forward by the players in the field. “The fielding standard around the PSL has been outstanding. They have put the Big Bash to shame,” Arthur told, adding “it shows the culture we are trying to create at the national level is permeating down.” Arthur termed the level of competition in the league as being extremely high. “The quality is outstanding. It's a fantastic a competition to be part of and it’s going from strength to strength.” The coach also spoke of the importance the tournament holds for Pakistani youngsters and how it prepares them for the next level. “The best thing it [PSL] does is it exposes young Pakistan boys to international talent and the intensity of playing international cricket.” He emphasised that young Pakistani cricketers need to be learning from the best players from responsibility of sale of tickets. We are confident that we will facilitate cricket fans by offering smooth and hassle free delivery of tickets to let them enjoy thrilling moments of PSL in Pakistan. The tickets for the two eliminators are already available online on Announcement for the sale of tickets for the final of PSL to be played in Karachi will be made soon. Fielding during PSL has put Big Bash to shame, says Arthur around the world. Commenting on Shahid Afridi’s contribution to the Karachi Kings, Arthur said: “He [Afridi] has brought a level of competition to the squad that has been fantastic. He still has the desire and still wants to win games.” The coach, however, did clearly state that when it came to reconsidering retirement Afridi had made his decision. “He is done.” Rumman Raees’ injury not as serious as feared: sources KARACHI: A few team owners in the ongoing Pakistan Super League (PSL) are not happy with the attitude of some of their overseas signings, who they suspect are not going all out to avoid fitness/fatigue issues before the lucrative Indian Premier League. Sources in some of the franchises competing in the PSL have said that some players have even pulled out of matches citing niggles. "Joffra Archer is one example. He is playing for Quetta 100m hurdles in London. "I don't know how to differentiate from who's the athlete and who's the coach Gladiators and he pulled out of a crucial match and this didn?t exactly make the owners, management or fellow players happy,? a source said. He said the Quetta Gladiators owner, Nadeem Omar, didn?t say anything to Archer but suspected the all-rounder was only keen on being fully fit and fresh for the IPL, which begins shortly after the PSL ends on March 25. Archer will make his IPL debut this year and was bought for an astounding USD 800,000 by Rajasthan sometimes. "That's quite difficult because as an athlete you always want to do exactly what's written down Royals. Defending champions, Peshawar Zalmi, are also not happy with the unavailability of West Indian veteran all-rounder, Dwayne Bravo, who is yet to show up in the PSL third edition. Zalmi depends heavily on the allrounder who is reportedly yet to fully recover from an injury and reach Dubai. "It is not about the money but when you lose a player of high caliber it upsets the team?s plans," one source said. Bravo has been retained by Chennai Super on the programme, you want to work hard and finish the session but sometimes the coach has to step in and say ground while saving a boundary. According to sources, Rumman’s scan results turned out to be encouraging. The results indicate that the injury is not of a serious nature and his ligament is safe. The 26-year-old bowler will be rested for a couple of matches to allow him time to recover, the sources added. PSL owners not happy with overseas players Kings for this years IPL for 6.40 crore approximately USD one million. Sources say few others in the PSL who have been auctioned in the IPL are also suspected of not giving their best and reserving their resources for the more lucrative Indian league. Pakistan?s former Test captain, Salman Butt, says he is not surprised since there are many T20 leagues being played in the world but the IPL remains the most lucrative for players. Pearson swapping hats at world indoor athletics 'No, you've done enough, you've got what you want out of that session'. "I'm constantly switching hats," she said, adding that she had little problem between training for indoor and outdoor events because they were both sprint-based. Pearson battled back from four serious injuries in 12 months to win world outdoor gold in London last year, an achievement she described as her "proudest moment". "Coming back to competition was a huge deal for me," she said, having broken an arm in the Rome Diamond League meet in 2015 and sustained a hamstring injury a year later that saw her miss the Rio Olympics.

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