Eighteen kicks-off PGF Series Season 1X with an emphatic start

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Karachi(Cliff News)After establishing a strong foothold within the real estate industry of Pakistan and across the globe, Eighteen has stepped up its Corporate Social Responsibility (CSR) activities by announcing its presence on the football field.This CSR activity comes in as the latest addition to a long line of planned CSR initiatives by Eighteen, with an aim to foster the enthusiastic and spirited talent which the youth of Pakistan possesses, especially within the field of football, which is the second most loved sport after cricket.While the purpose of this CSR initiative is to promote the talented youth who possess unmatched passion for the game, this may also pave the ways for other industries and organizations to step in and contribute in best possible way to unearth the talent of the energetic youth. It is also pertinent to mention that this is just the first step from Eighteen, as some bigger announcements, in form of signing with football clubs and 5-aside tournament is expected in near future.Team Eighteen as debutants, announced their arrival in an auspicious style at the ninth season of PGF Series 2018 – Pakistan’s biggest futsal tournament, where teams from all over the country go head to head in an attempt to win this prestigious league title under strict code of conduct.Furthermore, after being placed in the group alongside Chitral United, Manchester FC and Kazimabad United, registered a promising start against Chitral United as the match ended in a draw after some high level of brilliance shown by the players of both teams.Later, Eighteen up their game by comprehensively winning the next threegames in style and qualified for the grand finale of the PGF series after beating the last year champions, Falcon FC, with a score line of 2-0 in the semifinal.Team Eighteen along with 111 other teams participating in PGF Series IX, are classified into two major categories; Under-16 category which comprises 48 teams, and senior category which has 64 teams contesting for the grand title.The previous eight seasons of PGF series have been a success, and have succeeded to provide a fantastic platform for the young emerging players to showcase their talent and skills, while also managing to sustain the pressure in some hard-fought competitive matches throughout the season.

About Eighteen Islamabad:

EIGHTEEN Islamabad is an OraDevelopers project in partnership with Saif Group and in conjunction with Kohistan Builders & Developers. Eighteen will cover an area of 2.7 million sq yards (2.2 million sq m) with over 2,000 residential units, a 7,200-yard Championship Golf Course, exceptional amenities, as well as a 5-star hotel, retail and commercial areas. It is being developed at a cost of US$2 billion. The concept master plan was prepared by Callison RTKL and developed by renowned architects and urban planners WATG, with interiors by Wimberly. The golf course has been designed by the International Design Group.

 

SCO join hands with PTCL to connect China with Europe and Africa

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Islamabad(Cliff News)Special Communication Organization (SCO) and Pakistan Telecommunication Company Limited (PTCL) have signed an agreement to provide connectivity between China and major international destinations transiting through Pakistan.The signing ceremony was held at Pak-China Friendship Center during the inauguration of Pakistan-China Optical Fiber Cable (OFC) laid by SCO. Honorable Prime Minister of Pakistan Justice (Retd.)Nasirul Mulk, Major General Amir Azeem Bajwa, Director General, SCO, HI (M), Dr. Daniel Ritz, President &CEO,PTCL, Yao Jing, Chinese Ambassador to Pakistan, Deng Xiao Feng, CEO, China Telecom Global Limitedand other dignitaries attended the prestigious ceremony. SCOs Pakistan-China OFC is 820-kilometre-long stretching from Rawalpindi to Khunjerab establishing new cross border connectivity with China and is part of China Pakistan Economic Corridor (CPEC) project led by Government of Pakistan and China.Col. Waseem Ahmad (Retd.), DirectorPak-China OFCSCO and Adil Rashid, Chief Business Services Officer, PTCLsigned SCO and PTCLagreement.As part of this agreement, SCO shall provide capacities on its OFC network between Pak-China Khunjrab border and Rawalpindi, whereas PTCL shall provide connectivity from Rawalpindi to major international destinations through Karachi and Gwadar using its long-haul network infrastructure and PTCL submarine cable network.On the occasion, Dr. Daniel Ritz, President & CEO, PTCL said, “PTCL has been connecting the nation since 1947 and we are glad to be part of this important initiative creating a positive regional impact. With the signing of Pakistan-China Optical Fiber Cable agreement, PTCL will contribute further to the economic development and prosperity of Pakistan.”Major General Amir Azeem Bajwa, Director General, SCO, also sharing his views, expressed that “Pakistan & China have a long history of friendship and brotherhood. We are happy to see that we have taken this major step to further strengthen our relationship by connecting the world through our respective countries.”SCO and PTCL collaboration will allow Chinese Carriers to connect to neighboring countries including Iran and Afghanistan through terrestrial OFC link and major African and European destinations through PTCL submarine cables infrastructure.

About PTCL: 

Pakistan Telecommunication Company Limited (PTCL) is the largest integrated Information Communication Technology (ICT) Company of Pakistan. With a humble start from a telephone and telegraph department in 1947, it has evolved to offer latest digital and telecommunication technologies today. It acts as the communication backbone for the country with the largest fiber cable network that spans from Khyber to Karachi and submarine cables connecting Pakistan.

ILM Association launch puts innovation at heart of improving education

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Karachi (Cliff News)The Governor of Sindh, Muhammad Zubair Umar, was the Chief Guest at the launch yesterday of the Ilm Association, a newly formed trade association founded by 11 of Pakistan’s most notable education innovation enterprises.The event was attended by more than 200 representatives from government, private schools, business and corporate CSR and the education and startup communities in Pakistan. Speaking at the launch event, the Governor noted that “It is time to decide how important education is to our nation’s narrative. The Ilm Association can play a critical role as the go-to platform for home grownsolutions to help improve education in Pakistan”. He went on to encourage the business community to invest in education and graciously offered to be an ambassador for the Ilm Association.The Ilm Association aims to innovate, collaborate and educate. It will focus on market development, promoting innovative education products and services and on building support for education innovation in Pakistan from the public and private sector. Membership is open to a wide range of organisations interested who want to innovate and collaborate to create sustainable change in education in Pakistan.The founding members of the llmAssociation are all graduates of the Ilm Ideas 2, a programme in Pakistan funded by the UK’s Department for International Development (DFID), and managed by Cambridge Education, a member of the Mott MacDonald group. Chris Carter, DFID’s education programme team attended the event and shared his remarks; “Innovation must be at the heart of development if we are to achieve the Global Goals. The formation of the Ilm Association, bringing together enterprises that improve education for the poor, is a step forward and an opportunity for Pakistan to lead the way in this field”.

About ILM Association

The Ilm Association is a pioneer trade association formed to represent Pakistan’s growing domestic education innovation industry. The mandate of IlmA is to become the collective platform for innovative, home grown solutions that improve education in Pakistan.

NBP Employees donate one day salary for construction of Diamer Basha and Mohmand Dam fund

Karachi(Cliff News)The employees of National Bank of Pakistan on the persuation of Saeed Ahmad, President, National Bank of Pakistan have decided voluntarily to contribute one day salary for the construction of ‘Diamer Basha and Mohmand Dam Fund 2018.’ This nationally important decision has been taken keeping in view the demerging acute shortage of water which poses an alarming threat for the country, which has been rightly observed by the honorable Supreme Court of Pakistan.In response to the Government of Pakistan, to mobilize funds through donations/contributions by both the domestic and international donors, an account with the name of “Diamer Basha and Mohmand Dam Fund-2018” has been established at all the branches of National Bank.Pakistan has always been a country blessed with rivers and rainfall, but in the view of the experts, there is going to be a massive water shortage as a large portion of the river water that passes through the country empties itself into the sea and the country loses out on power and irrigation opportunities.In his message to Saeed Ahmad said that that the management of NBP has expects field functionaries to welcome, receive and facilitate all persons desirous of making deposits and contributions in the said account. It is the ardent duty of each and every one of us to fulfill our responsibilities, whole heartedly and welcome the depositors courteously. Our helpdesk in all big branches, regions and Head Office are fully geared to extend fullest support, assistance and respond politely to any query and resolve every complaint.  Any staff member found to negligent/fall short in carrying out his/her responsibilities will be dealt with severely. Regional Management Teams will have ‘Zero Tolerance’ against those who are found not supporting the initiative and negligent towards this worthy cause.He further informed that NBP has advertised information for general public in Urdu/English in print media and and displayed banners. Telephone numbers for lodging complaints have been displayed notice at all the branches and ATM cabins and also displayed at NBP website. NBP Call Centre will be working 24/7 for disseminating information regarding the funds account on priority basis and resolving complaints.The Bank’s overseas branch network is also advised to facilitate collection of donations/contributions from overseas Pakistanis and/or any international donor/contributor. Donation and contribution to the funds can be made in the form of cash, cheque, prize bonds and other cash equivalents.It is now imperative that the people of Pakistan and expatriates settled abroad should express their love for the country by deposit any amount into the Fund.

Centuries old “Shandur Festival 2018” officially kicked off

Centuries old “Shandur Festival 2018” has officially been kicked off today i.e on the 7 of July, 2018.Shandur the “Roof of the world” is one of the major mountain passes that sits between Chitral and Ghizer District of GB. The flat top also serves as a venue for the 3-day polo festival where the best of the best players from Chitral and Gilgit meet in the finals. Holding such a massive festival at an altitude is very difficult, that’s why people at Chitral administration always quote “Shandur is not a festival, it’s a Battle” for which arrangement and resource mobilization starts from early February.Deputy Commissioner Chitral Khurshid Alam Mehsud is committed to celebrating this event with great zeal and fervor inviting media personnel to cover the event allowing the world to see the positive side of Pakistan. This will help in promotion of tourism industry and attraction of foreign and national tourists to Chitral.DC Chitral said that “Lawari Tunnel will be open for vehicular traffic from 1-11 July in order to facilitate the tourists who are visiting Chitral to participate in Shandur Festival, Moreover, the national flag carrier will also operate extra flights to Chitral during the event”.“We have installed dustbins at every Tent village established at Shandur for Solid Waste Management, portable washroom and clean drinking water has also been provided at every camp” said DC Chitral.“The Volunteers of DC Chitral Volunteer Task Force have been engaged at entry points to welcome the guests and handover shopping bags to tourists to collect their waste and dump at designated waste collection points for further disposal and a massive cleanliness campaign will also be carried out just after the festival with the help of DC Chitral Volunteer Task Force and TMA Chitral and community organisations” he added.“A state of the art fireworks and musical night will also be a part of the event, Moreover, it is the first time that the polo match will be played under flood lights” said DC Chital.District Admin Chitral has invited visitors & tourists from across the Globe to experience a free style polo between two opposing teams Chitral & Gilgit Baltistan.

ACCA’s Foundation Diploma-A fast track career in finance for Matriculation and Intermediate students

You’ve completed your exams, well done! There’s a lot to think about and consider regarding your future qualifications. The key is to find a fulfilling career; something that you feel enthusiastic about and which also gives you financial rewards.

Why should I choose a career in professional accountancy?

A career in professional accountancy is a great choice and can offer you excellent career prospects. You could work your way right to the very top of an organization with the right professional accountancy qualification.It offers unique opportunities to excel in a variety of roles including strategy formulation, governance, risk management, IT and data sciences, start-ups, venture capital markets, investment banking, treasury and many more areas. However those wishing to undertake the role of a CFO in the future need to develop competencies in finance andaccounting, audit and assurance and taxation which form the core component of a professional accountancy qualification. In today’s world with ever evolving business models, a deep understanding of finance and governancematters is an inevitable requirement for any CEO or board member. And because finance plays a central function in any business, a professional accountancyqualification coupled with a deep understanding of financial matters can offer you prestige and a rewarding career.

Why would it interest me?

Any organization you can think of relies on the skills of qualified finance professionals. This means that, with the right accountancy qualifications, you could build a career in whichever sector that interests you. No matter what your passions are, choosing accountancy means you can follow your dreams. This is because finance professionals work in every industry. So wherever you want to work, choosing accounting and finance means you’ll be in demand with employers everywhere.There’s no limit to where the qualification could take you. It’s also very portable, so you can easily move between industries if you find one area isn’t right for you.

Think about ACCA

ACCA (Association of Chartered Certified Accountants) is the world’s most forward-thinking professional accountancy body. It has been around for a long time– over 112 years with presence in 178 countries around the world. Itmeans peoplein business know about ACCA for allthe right reasons. ACCA has a provenreputation for quality and excellence. ACCAhas more than 198,000 fully qualified members, 486,000 students and over 10,000 practicing firmsworldwide. They’re among the world’s best-qualified and most highly sought-after accountants – and they work in every sector you can imagine.Organizations know and trust the ACCA designation. ACCA is out there every day, connecting with businesses large and small, governments, educational establishments and opinion formers. ACCAis on top of emerging trends, legislation and legal requirements, helping to shape them.Because of all this, ACCA is able to create the innovative, strategic-thinking accountants our fast-changing world needs.Getting Started with ACCA Foundation Diploma: Matric / Intermediate / O-Level.ACCA Foundation Diploma is the ideal starting point for students who have completed their Matriculation, Intermediate or O- Level examination and whose ultimate goal is the ACCA Qualification. Matric and O-Level students can undertake three additional exams from the local board and earn an Intermediate equivalence.

Four great reasons to choose the Foundation Diploma

1. Faster route to the ACCA Qualification

If your ultimate goal is the ACCA Qualification, then starting with the ACCA’s Foundation Diploma will give you the essential knowledge to help you pass your ACCA exams. You will be automatically transferred onto the ACCA Qualification, free of charge, and given exemptions from the first three exams after you complete the ACCA’s Foundation Diploma.

2. Rewarding Career

ACCA’s Foundation Diploma will be your first step to becoming a professional accountant. This will increase your chances of getting a better job and a salary to match; this is because your skills will always be in demand even in the toughest of times. Qualifications awarded by ACCA are recognised, respected and in demand by all sorts of employers around the world.

3. Affordable

With computer-based exams available all year, you can complete the ACCAFoundation Diploma at your own pace.You pay for exam fees and tuition fee at each level as you go along, so there are no big upfront costs. For Matric and O-Level students the average time to complete is around eighteen months including three additional local exams, whereas an average student coming fromthe Intermediate background can complete ACCA Foundation Diploma in around twelve months and proceed to the ACCA qualification. The average cost of ACCA’s Foundation Diploma is comparable to completing Intermediate from a local institute in Pakistan.

4. Achievable

Completing ACCA requires focused study, hard work and dedication and ACCAand its Approved Learning Partners are always available to support students throughout the journey in passing exams. Historically, the ACCA Foundations Diploma students from Pakistan have been global high achievers.

What happens after you finish the Foundation Diploma and what kind of work can you do with this qualification?

After finishing your Foundation Diploma you will automatically be transferred onto the ACCA Qualification and can begin your journey towards ACCA membership. To become an ACCA, a studenthas to complete 13 exams, an online module on Ethics and Professional Skills and 36 months of practical training in a relevant role with an employer in any sector. Such trainings are supervised by qualified accountants and helps students achieve defined competency ranging from basic conduct and leadership traits to practical experience dealing with complex assurance, financial reporting, taxation, advisory, general management and other related matters. During such trainings ACCA students and workplace supervisors are fully supported by ACCA to achieve the best quality of training, so that once the students become ACCA members, they are work-ready and add value to the businesses.As an ACCA qualified member, there is no limit in terms of opportunities. ACCA members are working across the globe in multiple roles including core finance, assurance and taxation to supply chain, commercial roles, strategy, civil services, CEO/CFO/Company secretaries of listed and public sector entities. In Pakistan the local statute provides ACCA members legal privilege to operate and work in various roles or sectors.One of the benefits of being part of the world’s largest and fastest-growing accountancy body is the opportunity to network with many like-minded professionals.ACCA’s alumni network across the globe consisting of 198,000 members and offices worldwide supportsACCA members relocating to new countries so they feel they are supported in their career aspirations.ACCA currently has more than 7,400 Approved Employers and 80 accountancy partnerships worldwide – and connectsACCA members with thousands of job vacancies through the ACCA Careers Job Board.

Six great benefits of the ACCA Qualification:

The professional level of the ACCA Qualification has been set at the same level as a Master’s degree by the Higher Education Commission (HEC) of Pakistan.Be recognised by a vast network of employers, governmental bodies and professional accounting bodies across the world.The ACCA qualification gives you an opportunity to achieve a BSc degree from a UK University. This degree is exclusively available to ACCA students and is awarded by Oxford Brookes University and is the same level as any other UK undergraduate degree programme.You even have the opportunity of earning an MSc in Professional Accountancy from the University of London. This has been made possible through an innovative partnership between ACCA and the University of London; the MSc in Professional Accountancy is the only integrated master’s programme with an accountancy body at a professional level in the world.ACCA qualification includes 36 months mandatory practical training in a relevant role with employers which makes a student work-ready.Lifetime support is available for ACCA members globally so they feel they are supported in achieving their career goals.

Pakistan’s NDC TECH win top ranking in Temenos Annual Award

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Karachi(Cliff News)NDC TECH has received first-place recognition for its commitment to learning at the Temenos Annual Award Ceremony held in Dublin, Ireland. This is a very prestigious ranking which recognizes organizations that employ exemplary workforce development strategies to deliver significant business results that directly benefit their services to customers. Temenos Learning Community (TLC) is a cloud-based online access to Temenos training and certification. It is the only platform that creates Temenos certified experts. The TLC award was created to recognize partners who have shown true commitment to training.Ms. Ammara Masood, President/CEO NDC Tech stated: “I am very proud of this recognition. Being number 1 means NDC TECH is the best globally at developing our people and that is quite a compliment. More importantly, this reflects our recognition that investing in our people and tooling them with the right skill sets is paramount to our success in the marketplace. NDC Tech has been able to transform the learning experience for employees through the Temenos Learning Community Portal creating a digitally enabled learning and development environment that empowers people and enables them to build highly relevant skills and meaningful careers and brings the best of themselves to clients. We are delivering it all in an experience-centric culture that puts our main asset—our nearly 130+ people in 13 countries—at the core of everything we do”.Mr. Dale Thomas, Director TLC stated: ‘We have enjoyed a very fruitful relationship with NDC over many years. They are a partner who truly understands the need to develop and certify their teams on the latest Temenos products and technologies. We are delighted that they have become the leading partner in embracing and leveraging the Temenos Learning Community.”