Nestle Pakistan wins 1st Prize for United Nations Global Compact Award 2017

Karachi (Cliff News)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 multi-national 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 Pakistan’scontinuous commitment towards its purpose of enhancing quality of life and contributing to a healthier future in complete alignment with United Nations Sustainable Development Goals.NestléPakistan’s vision lies at the core of promotion of United Nations Global Compact (UNGC) Principles in terms of engaging with community outreachacrossits value chain throughinitiatives such asNestlé Healthy Kidsto educate children about healthy lifestyle. By partnering with various schools theyhave reached more than 140,000 children so far.Furthermore, Nestlé Pakistan has also reached out tothe rural Pakistan by partnering with Benazir Income Support Programme (BISP). The initiative, focuses on needs of BISP beneficiaries,by providing them with livelihood opportunities along withholding seminars to educate them on basic nutrition knowledge.Nestlé also partnered withWWF-Pakistanto implement the Alliance for Water Stewardship (AWS) standardsforimproved water efficiency. So far, two of its factories have been awarded with AWS certification which is also the first in Pakistan.On being awarded by such prestigious network, Waqar Ahmad, Head of Corporate Affairs, Nestlé Pakistan said “We are honored to be recognized by UNGC for the second time, this motivates us further to continue our mission in line with UNGC principles”.FasihulKarim Siddiqi, Executive Director Global Compact Network Pakistan also congratulated Nestlé and said “We recognize Nestlé’s commitment which iscompletely aligned with UNGC principlesof sustainable business practices in Pakistan, I think such practices should be promoted at greater levels for other businesses to follow.”The event was organized by Employers’ Federation of Pakistan which launched the formation of Global CompactNetwork Pakistan in 2005 to embrace the ten principles of UNGC. The network is currently fortified with around 90 organizations in Pakistan.

About Nestlé Pakistan

Nestlé is the world’s largest food and beverage company. It is present in 191 countries around the world, and its 328,000 employees are committed to Nestlé’s purpose of enhancing quality of life and contributing to a healthier future. Nestlé offers a wide portfolio of products and services for people and their pets throughout their lives. Its more than 2000 brands include local favorites like NESTLÉ MILKPAK, NESTLÉ PURELIFE and NESTLÉ FRUITA VITALS. Company performance is driven by its Nutrition, Health and Wellness strategy. Nestlé is based in the Swiss town of Vevey where it was founded more than 150 years ago.

 

Cheetay.pk introduces a New and Improved website

Karachi(Cliff News)Cheetay has proved to be an undeniable force in the logistics industry in Lahore since the past two years. They have been providing the masses with not only the food of their choice from over 300 restaurants but now also provide a vast assortment of OTC medicines since launching a new business category called Cheetay Healthcare. Having conquered the world of food delivery and logistics with a multitude of restaurants on their platform they recently introduced The Cheetay Tiffin which again provides home cooked healthy meals to anyone in need. Moreover, they are gearing up to launch another vertical called Cheetah Books.Being a multi category e-Commerce platform, Cheetay.pk has upgraded their website interface by incorporating ample options to browse seamlessly through every page and the new categories that have been launched. The new website is visually resplendent and provides a user-friendly experience with improved navigation and functionality which allows the customers to see and navigate through the website and its multi category pages.“The basic premise to change the interface was to rebrand the website by incorporating visuals and colours which not only create an alluring brand image but an e-Commerce experience that resonates with the user. We wanted the website to have a vibrant and opulently rich colour palette by focusing on the new colours of our brand. Moreover, for us it was imperative to have a crisp, clean and uncluttered design which focuses and propels the audience to use our service” stated Wasia Suhail Bashir, Product & Brand Manager at cheetay.pk. “We are constantly working to ensure we bring something new to the table. For us being eclectic, contemporary and having a nonchalant image is important. The idea is to have a website that is vibrant, easy to use and has features that provides a feast for the senses. Visuals that strike a chord with audience are imperative. The colour palette, theme and display of every minor detail matters and that is why we have upgraded our website to ensure we keep up with the changing market trends and customer preferences” stated Ahmed Khan.

Meezan Bank and IBA sign agreement for Fee Collection

Eng Cap MBL, IBA

Karachi(Cliff News)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 hassle-free 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.

PSL eliminator tickets available at TCS Express Centers

Karachi (Cliff News)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, 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 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 Yayvo.com.Announcement for the sale of tickets for the final of PSL to be played in Karachi will be made soon.

 

 

 

 

 

Uber Pakistan launches Safety driving tips workshop

UBER Picture Caption - English

Islamabad(Cliff News)Uber, the leading global smartphone app seamlessly connecting riders to drivers in Pakistan’s seven cities, held a Driver Safety Workshop in collaboration with various law enforcement agencies.During the session, the Uber team and representatives from law enforcement presented safety tips for those behind the wheel, but also educated drivers about traffic laws in the city. Drivers also had the opportunity to ask questions and get their concerns answered by various spokespeople, which helped to ensure the session was both collaborative and insightful.A very impactful presentation from Police focused on the importance of Safety on the roads, and how each and every member of the society can contribute towards the better future. The Police presentation demonstrated to drivers the latest local traffic laws and the steps and tips they need to take to ensure their rides are as safe as possible.Speaking about the workshop, IG Islamabad Dr. Sultan Azam Temuri said, “It is a great initiative by Uber to hold these sessions as it is important to know the traffic laws and how to be safe on the road and avoid accidents and mishaps. Uber’s effort to educate and create awareness about this is highly appreciated.”SSP Islamabad Traffic Police Malik Matloob, added, “Following road safety procedures is of paramount importance for any driver and this is what we tried to communicate in today’s workshop. We support Uber’s safety initiatives and will look to partner further on such avenues in promoting the message.”Aemad Mehdi, Head of Operations – Uber Pakistan, said on the occasion, “Safety remains a priority for Uber, we are continuously looking for ways to improve it. Based on the feedback and information from our drivers, law enforcement department and subject matter experts, we developed the tips, which we shared with the drivers. We are committed to ensuring Uber is the safest way to get around a city for our drivers and riders, both.”The safety tips presented to drivers included:Stay Focused on Driving: Drivers were asked to always help keep roads safe by staying alert, keeping eyes on the road, and avoiding texting while driving. Uber recommends using a mount to position the phone in a place, where it can be easily seen to help reduce dangerous distractions. It’s also important to take breaks for rest when needed to prevent drowsy driving.Drive Responsibly: Drivers are encouraged to abide by speed limits and drive responsibly caring for  riders, and all those on the road.Keep Drop-Offs Legal: Drop off passengers in safe and legal locations, like passenger loading zones or where there is enough space to pull over and avoid blocking bike lanes. It’s also important to know local laws.Do not drop off riders in the middle of road or highways

Malls: Always drop off passengers in designated drop-off and pick-up points

Spread the Word to Buckle Up: Always buckle up and ask riders to do the same.

Take the High Road: Uber’s https://www.uber.com/legal/community-guidelines/pk-ur/ call for both riders and drivers to always treat each other with respect. Incase drivers encounter a difficult rider, their actions can help manage the situation Uber suggests keeping calm, avoid controversial topics of conversation, and respect people’s differences. Drivers are also taught to end the ride at any time if they feel uncomfortable or unsafe. And in an emergency situation, Drivers are taught to call 15 first. Then, when it is safe, report the incident to Uber.

Watch for Pedestrians and Bikers: Drivers are taught to be on the lookout for people who are walking and biking. This is especially important when pulling over for a drop-off or pick-up, or driving at night. Experts report that 74 percent of pedestrian fatalities occurred in the dark.

Share your location: A driver can share his/her location with a loved one or a friend while being on a ride so that they can keep a track of their location.

Know about the surrounding police stations drivers were advised to know about their surrounding police stations in their respective cities, they were also updated on the available app for registering complaints

Anti-Harassment: Drivers were educated regarding harassment and laws surrounding the harassment act in the country

Give Feedback: Feedback helps improve the Uber experience and promote a safe environment. Uber encourages drivers to rate the rider after a trip and add  comments via the “Help” button in the app. Unruly riders should be reported as soon as possible. 24/7 Uber’s global support team will review the feedback and take appropriate action, which can include removing a rider’s access to Uber.

Uber plans to hold more of such workshops in the future to seek to build a rapport between the drivers and police, creating a relationship that will benefit the community as a whole.

What is Uber?

Uber is evolving the way the world moves through its app. By seamlessly connecting riders to drivers at the push of a button, we make cities more accessible, opening up more possibilities for riders and more business for our partner drivers and transport operators. Uber’s rapidly expanding global presence continues to bring people and their cities closer and is currently providing service in more than 600 cities across 77 countries on six continents. To request a ride, users must download the free application for Android, iPhone, Windows Phone, Blackberry 7.

Ecommerce Gateway to hold 5 major Industrial exhibitions in March 2018

Karachi(Cliff News)The top trade-fair organizer of Pakistan – Ecommerce Gateway is all set to organize 5 international mega-exhibitions, 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 display 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. The 17th International Engineering Show- a leading event featuring the advancements in technology and breakthrough inventions in the Engineering Sector. The 17th International Oil & Gas Machinery and Technology Asia – is the largest platform in the continent for exhibiting high-end products and services of this sector. The International Mines, Mineral & Metal Expo Fair – is a vibrant platform for all international and national stakeholders to showcase the latest products and innovations of this highly lucrative industry.Dr. Khurshid Nizam – President of Ecommerce Gateway Pvt. Ltd. stated that; “It is matter of pride for us to organize these 5 different International events here in Pakistan, during the month of March 2018. These events will be the biggest interactive platforms for the relevant companies to expand their customer-outreach and customer engagement. Companies belonging to different industrial sectors of the country can take great advantage of the attentive and receptive target audience, to inspire and create new customers.”These 3-day events will provide all stakeholders to explore fresh business opportunities in Pakistan. The liberal Investment policy adopted by the Government of Pakistan will attract Foreign Direct Investments (FDI) from International Businesses and entrepreneurs. Pakistan’s economy is gaining more momentum as the country is maintaining a steady growth. As the Gross Domestic Product (GDP) and Gross National Product (GNP) of the nation improve, it will further increase the confidence of the foreign stakeholders.The enthusiastic participation of local and foreign companies in these exhibitions will further strengthen the trade-volume and brand-image of Pakistan. These spectacular events will contribute to economic growth and thus establish a pathway for a progressive Pakistan. With the increase in the market size and an increase in demand for quality products and better services in Pakistan, these events will create a positive impact on the wellbeing of the people.These mega-events being organized by Ecommerce Gateway will also provided valuable opportunities to overseas exhibitors and investors to interact with local entrepreneurs for joint ventures, transfer of technologies and appointing agents, distributors and partners in Pakistan.

 

 

BASF shows significant growth in 2018

Karachi(Cliff News)Following a successful 2017 business year, BASF has had a good start to the year 2018. “Last year, we achieved significant growth and were able to further increase our profitability. Moreover, we laid important groundwork for the future development of our company – in terms of both people and strategy,” said Dr. Kurt Bock, Chairman of the Board of Executive Directors of BASF SE, at the presentation of the 2017 Annual Report in Ludwigshafen. In the fourth quarter of 2017, BASF Group posted sales of €16.1 billion, which represents growth of 8% compared with the same quarter of 2016. Prices rose by 9%. BASF’s sales volumes increased by 4%; this was driven by all segments with the exception of Oil & Gas. By contrast, negative currency effects were significantly higher and reduced sales by 5%. Income from operations (EBIT) before special items in the fourth quarter was €1.9 billion, up by 58% from the same period of the prior year. The significantly higher earnings in the Chemicals, Agricultural Solutions and Oil & Gas segments as well as in Other compensated for lower earnings in the Functional Materials & Solutions and Performance Products segments.

Economic activity picked up in many countries worldwide in 2017. “We took advantage of this upturn and markedly increased our full-year 2017 sales and earnings compared with the previous year,” said Bock. Thanks to good demand, BASF sold greater volumes in all divisions and considerably increased its profitability. Higher prices, especially in the Chemicals segment, also contributed to this. Overall, BASF’s sales grew by 12% to €64.5 billion. One contributing factor was the Chemetall business acquired at the end of 2016, which offers tailor-made solutions for metals surface treatment.BASF’s earnings rose even more sharply, by around one-third. The company achieved EBIT before special items of €8.3 billion, with a significant contribution coming from the Chemicals segment. Higher margins and volumes in the basic chemicals and intermediates businesses more than offset the lower margins in some of BASF’s specialties businesses. Earnings in the chemicals business – which comprises the Chemicals, Performance Products and Functional Materials & Solutions segments – were significantly higher than in the previous year. EBIT before special items in this business was €7.3 billion, up by 26% versus the prior-year figure.Earnings per share increased from €4.42 to €6.62, equivalent to a rise of 50%. Adjusted for special items and amortization of intangible assets, earnings per share amounted to €6.44, compared with €4.83 in the previous year. With regard to the development in the regions, Bock said: “We were particularly pleased with our strong growth in Asia, where our investments in recent years have paid off. Thanks to higher margins and increased volumes, we were able to double our earnings in Asia to €2.2 billion, making it the most profitable region for BASF.”For 2018, BASF expects the global economy and chemical production to grow at roughly the same pace as in 2017. Further growth is expected in all regions and BASF anticipates a continuation of the recovery already underway in Brazil and Russia. In addition to these generally positive baseline conditions, however, BASF also sees increased market volatility. Furthermore, the U.S. dollar is having a negative impact on sales and earnings.For its outlook, BASF assumes the following economic conditions for 2018 (prior-year figures in parentheses): Global economic growth of +3.0% (+3.1%); Growth in global chemical production of +3.4% (+3.5%); An average euro/dollar exchange rate of $1.20 per euro ($1.13 per euro); An average oil price (Brent) of $65 per barrel ($54 per barrel). “In this environment, we want to continue to grow profitably and achieve a slight increase in BASF Group’s sales and EBIT before special items in 2018,” said Bock.

About BASF
At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 115,000 employees in the BASF Group work on contributing to the success of our customers in nearly all sectors and almost every country in the world. Our portfolio is organized into five segments: Chemicals, Performance Products, Functional Materials & Solutions, Agricultural Solutions and Oil & Gas. BASF generated sales of €64.5 billion in 2017. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (BAS). Further information at: www.basf.com

About BASF in Pakistan
BASF has been present in Pakistan for more than four decades. With production facility in Karachi, BASF offers innovative solutions for key local business sectors. BASF maintains offices in Karachi, Lahore, Islamabad and Sialkot. BASF also supports education and community development projects in Pakistan. Further information on BASF in Pakistan is available at www.basf.com/pk.