Germany,Pakistan Largest Trading Partner in EU Countries,Alamgir Firoz

Picture Zubair Tufail

Karachi(Cliff News)Mr. Alamgir Firoz, Chairman Standing Committee on Diplomatic Affairs along with Mr. Gulzar Firoz Chairman Standing Committee on Environment and members of Pakistan-Germany Business Council of FPCCI welcomed Mr. Carsten Muller, Head of Mission of the German Consulate on his visit to Federation House Karachi.Mr. Alamgir Firoz said that Germany is Pakistan’s largest trading partner among the EU countries. He said major items of Pakistan exports to Germany are textile and textile made-ups, leather goods, carpets, surgical instruments, cutlery, rice and horticulture products, whereas machinery, pharmaceuticals, motor vehicles, chemicals and dyes, iron and steel products, figure in imports.Mr. Carsten Muller, Head of Mission of the German Consulate said that Pakistan is the important member of EU, many German companies are working in Pakistan for many years with major investments in Pakistan that include Linde, BASF, Bayer, Merck, Hoechst, Siemens and METRO. He emphasized that our business communities should increase the investment and avail opportunity of our good relations between the two countries.At the conclusion of the meeting Mr. Alamgir Firoz presented a Book and Report on Environment, Health and Safety to Mr. Carsten Muller, Head of Mission of the German Consulate.Mr. Zubair F. Tufail, President FPCCI Presenting FPCCI Crest to Mr. Gao Hongwei, Chairman international Business China Aerospace Science & Industry Corp, Mr. Gao Wei, Director General, international Business China Aerospace Science & Industry Corp . Mr. Meng Bo, Vice President China Volant Industry CO, Mian Shaukat Masood, Vice President FPCCI, Mr. Shahid Hussain Asad, Former Federal Secretary and Mr. Malik Sohail also seen in the picture.

Pakistan Goes Down 3-0 against Australia in 2nd Hockey Test

Darwin(Cliff News)Pakistan gave an improved performance in the 2nd match of the 4-test series against Australia, the world’s no 1 team, at the Marrara hockey stadium in Darwin.The hosts,  who had won 6-1 in the opening test,  today defeated Pakistan 3-0.It was a fast paced game and both the sides had several chances off open play as well as penalty corners. However, the hosts had the better of the exchanges most of the time. All the three Aussie goals came through field attempts.In the first test, Pakistan had seemingly lost the script completely in the final phase and conceded four goals in the last 16 minutes. Today, they fought well till the end. Kookaburras, who had gone ahead by three goals in the 33rd minute, couldn’t add to their tally in the remaining time.
Scorers: Tom Wickham (15), Trent Mitton (30), Aaron Kleinshmidt (33)
3rd Test is scheduled on Friday

Khushhali Microfinance Bank to Overhaul Core Banking and Digital Platform with Temenos and National Data Consultant

Karachi(Cliff News)Khushhali Microfinance Bank, the largest microfinance bank in Pakistan, today announced that they have signed an agreement to acquire the leading Core Banking System by Temenos (the software specialist for banking and finance). The system will be implemented by National Data Consultant (NDC) a specialized Fintechsolution provider and Temenos Certified Partner in the MEA region.With Khushhalibank’s selection ofTemenos Core Banking system along with Pakistan Model Bank for its Retail and MSME services the bank will also implement Temenos connect, FCM, Insight and Risk as their new digital solution.A.F.F. Ferguson & Co. has provided consultancy services forKhushhalibank’s core banking application system (CBAS) in its selection and implementation phase.KHUSHHALI will be the 11th Bank to acquire Temenos Core Banking system in Pakistan. On the occasion, PresidentKhushhali Microfinance Bank said, “Our ambition to reach out to the financially excluded with quality products & services will be facilitated by the investment in a strong technology foundation. We look forward to working with Temenos & NDC on this transformational journey”.Mr Jean-Paul Mergeai Managing Director, Temenos Middle East & AfricaTemenos said, “Temenos is extremelyhonoured to have been selected byKhushhali Microfinance Bank as their Technology partner to enableKhushhali’s Operations on strategic Business initiatives for the transformation of their core banking system. As our 11th signing in Pakistan,Khushhali Microfinance Bank is an important milestone in the continuous development and Commitment of our business and the delivery of value to the Pakistani banking industry”.Ms Ammara Masood; President and CEO of NDC said “we look forward to further deepening the relationship as a strategic collaborator and implementer during the transformation program at Khushhali. Microfinance Bank It is an integral part of our economy and this digital transformation process which is intrinsically linked to the banks’ strategy for financial inclusion will help further assist in expediting growth for the bank”.

About Khushhali Microfinance Bank:

Khushhali Microfinance Bank is a pioneer institution amidst Pakistan’s microfinance banking industry, having been created in 2000 to address the challenges of poverty and access to finance. Over the decades, the Bank has created a customer-focused expertise, backed by strong financial, operations and product management to invest in next generation financial and delivery management systems aimed at Pakistan’s rural and urban communities. http://www.khushhalibank.com.pk

About National Data Consultant (NDC):

NDC is a leading provider of IT solutions focused towards the Banking and Financial industry in Pakistan, Middle East & Africa region. NDC is recognized for its outstanding performance and is the winner of Temenos “Partner Project of the Year” twice in last 4 years. It is the only Certified Business Partner ofTemenos in Pakistan.For more information please visit http://www.ndctech.net

About Temenos

Temenos Group AG (SIX: TEMN), headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 2,000 firms across the globe, including 38 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenoscustomers are proven to be more profitable than their peers: over a seven year period, they enjoyed on average a 31% higher return on assets, a 36% higher return on equity and an 8.6 percentage point lower cost/income ratio than banks running legacy applications.

 

 

Australia Out Class Pakistan by 6-1 in 1st Hockey Test

Darwin (Cliff News)The 4-test hockey series between world’s top side Australia and the 14th ranked Pakistan kicked off at the Marrara hockey stadium in Darwin, the capital city of Australia’s Northern Territory.The gulf in the rankings showed in the game as the Aussies dominated the proceedings most of the time and defeated Pakistan by the tennis score of 6-1.
Half Time: 2-0.Kookaburras head coach Colin Batch said, :The score line was 6-1, but I think we have to put that into context. Pakistan made it very difficult for us for a number of quarters, the second was tough and third we didnt create too much but we ended up getting the third goal and that opened up the game for us.”
Australia 6 (Ben Craig 2, Trent Mitton, Tom Wickham, Matt Dawson & Jeremy Hayward (PC)
Pakistan 1 (Abdul Haseem Khan)
Second test is scheduled on Wednesday.