Peek Freans introduces the Emerging Artist Prize

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Karachi (Cliff News)Peek Freans is dedicated to spreading joy among their consumers and they do so not only through their products, but also through other alignments and initiatives. Their latest award launched in collaboration with Karachi Biennale Trust this year, aims to recognize young artists who have shown exceptional talent and potential.  This year’s winner, Arsalan Nasir, was presented with a unique medallion at the inaugural ceremony of Karachi Biennale 2019 for his work.The Karachi Biennale is held every two years to provide a platform for emerging artists to show case their work. This year, the event showcased multiple artists from all over Pakistan as well as several other countries. The theme for this year was the devastating ‘development footprint’ on ecology.While speaking to the media, Arsalan talked about the dangers of rapid urbanization in our part of the world, particularly with regards to the environment. Through his art, he wanted to depict the first and foremost repercussion of rapid urbanization – the birds of our city. These birds are in danger every day due to the rapid increase in the prevalence of tall buildings, communication towers and wires around the city. Speaking about the award, Dr Zeelaf Munir, Managing Director & CEO EBM, said “Art is the best medium to help raise social awareness and EBM wants to use that to help drive focus towards the most pressing issue of our time. Keeping in line with EBM’s history of nourishing the environment and championing positive change, we are doing our part by encouraging youngsters to use their creativity to help raise awareness about the environment.”Karachi Biennale, termed as the largest international contemporary art event by its organizers, kicked off on 26th October, 2019.

About EBM:

EBM has been baking nutritious delights for Pakistani consumers under the brand name Peek Freans since 1996. As one of the pioneers of the industry as well as a dominating market leader, EBM continues to innovate on each of the three fronts: product, quality, and communication.

 

 

PCB partners with Uber for ground breaking girls school participation program

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Lahore(Cliff News)The Pakistan Cricket Board (PCB) today announced a partnership with Uber for the development of girls’ cricket at school level across the country through its Cric4Us Programme.The six-month partnership, which commences from the day of signing, will benefit more than 1,500 players through collaboration with schools in 14 cities namely Abbottabad, Bahawalpur, Charsadda, Haripur, Islamabad, Karachi, Lahore, Mardan, Multan, Muzaffargarh, Nowshera, Peshawar, Quetta and Rawalpindi.Under the six-month partnership, playing and training clothing will be provided to 850 children, while cricket equipment will be provided to 50 schools.The programme will select a minimum of four schools in every city.With women coaches and mentors given priority, 50 school-based sports staff will be provided training. Twenty-five pitches will be developed in schools across five zones.PCB Chief Executive Wasim Khan: “For the promotion of women and girls cricket and the enhancement of the player pool, it is imperative that women cricket is developed at school level.“The PCB has been undertaking many initiatives through its Cric4Us Programme and plans to exhaust all avenues to provide better opportunities for girls to take up the sport and to see it as a viable profession at a later stage. “I am hopeful that this valuable partnership between the PCB and Uber will help us in achieving this very goal. I want to thank Uber for putting its trust in the PCB for the development of women and girls cricket at school level.”GM Uber Saad Naveed Pall: “Our goal is to not only tell stories of empowered women but to create an ecosystem which enables aspiring women cricketers.“We are excited about this partnership with the PCB to provide opportunities to young girls who will go on to challenge the status quo by becoming change agents of the future.”Cric4Us Programme is a women cricket development project launched under the flagship of Women Cricket Vision 2022, which focuses on the growth of the sport in schools and provide a proper pathway for making way to the emerging and national teams. The schools’ children will also avail the opportunity of regular evening practice, so as to provide them maximum development opportunities. The schools will also play matches on regular basis, which will help children in developing the desired skill-set. 

 

Lucky Cement records consolidated earnings of PKR 1.27 billion

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Karachi(Cliff News)On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 1.27 billion after taking out PKR 0.25 billion attributable to non-controlling interests for the first quarter ended September 30, 2019, which translates into earnings per share (EPS) of PKR 3.93 / share as compared to PKR 9.14 / share during the same period last year.Further, on a consolidated basis, the Company achieved gross turnover of PKR 34.43 billion which is 9.9% higher as compared to the same period last year’s turnover of PKR 31.32 billion.On a standlaone basis Company’s overall sales volumes declined by 13.6% to reach 1.64 million tons during the first quarter ended September 30, 2019. The local cement sales volume registered a decline of 19.4% and were 1.12 million tons in comparison to 1.40 million tons during the same period last year, however, the export sales volumes of the Company improved by 2.6% to reach 0.51 million tons as compared to 0.50 million tons during the same period last year.Further, with regards to Company’s standalone financial performance, the gross sales revenue declined by 13.0% to PKR 13.93 billion compared to PKR 16.01 billion during the same period last year. The decrease was mainly due to lower sales volume and cut-throat pricing on the back of lower demand and retentions on account of stringent `Axle load’ limits’ implementation. Furthermore, Lucky Cement recorded net profit after tax of PKR 955.85 million, which is 61.7% lower as compared to the same period last year. Similarly, the standalone EPS of the Company is PKR 2.96 / share as compared to the same period last year’s reported EPS of PKR 7.71 / share.Lucky Cement shared progress on its brownfield expansion for cement production of 2.6 million tons per annum at its Pezu Plant and also informed that it has decided to further invest in setting up a grinding unit and have a fully integrated cement production capacity of 1.2 million tons per annum in Samawah, Iraq as part of the ongoing offshore joint venture project, with the existing local patner. In addition, the Company also reported progress on its investment project of 1 X 660 MW supercritical coal-based power project at Port Qasim.Lucky Cement remains committed towards improvement in the society and the communities in which it operates. In this regard, the Company extended numerous scholarships to deserving students for various leading universities in Pakistan and abroad. Keeping in view the importance and impact of women empowerment in Pakistan, the Company in collaboration with Zindagi Trust continued its support for two leading Government girls’ schools in Karachi. Providing quality healthcare has always been company’s priority and in this regard the company continued its support to Aziz Tabba Foundation. Lucky Cement always takes serious responsibility towards the environment and in an effort to further highlight the importance of environment conservation, the company continued with its tree plantation drive in and around its manufacturing sites.With the current economic challenges and macro-economic situation, Lucky Cement believes that in short to medium-term, the outlook of the Cement industry will continue to remain challenging. The cut-throat pricing and cost escalation due to `Axle load’ limits’ implementation has put adverse pressure on profitability. The cement industry is engaged with the Government to resolve the `Axle load’ limits’ issue and is hopeful for its resolution.The Company is also evaluating to increase its logistics’ fleet size to mitigate the adverse impact of the `Axle load’ limits’ implementation.

 

 

The next generation of China’s corporate global giants

Karachi(Cliff News)ACCA (the Association of Chartered Certified Accountants) has identified the 100 fastest-growing Chinese businesses emerging as global corporations – based on analyses of historical performance and their potential for future growth.Together with the Shenzhen Finance Institute, ACCA has conducted in-depth research of nearly 3,000 private enterprises listed in China and overseas.The research stems from 11 specially designed diverse indicators, with five of these measuring the companies’ historical performance and six predicting their future growth. These factors include the company’s size, growth, profitability, innovativeness, level of internationalisation, and media coverage.Sajjeed Aslam, head of ACCA Pakistan says: ‘ACCA has been monitoring China’s rising corporates and businesses, with an original report in 2014, followed by further analysis in 2016. What’s clear across all reports is the aspiration to go global, with many Chinese firms already doing so. This most recent report indicates that many of these businesses will become China’s next generation of global corporations over the next few years if they continue on their current trajectories. Businesses in Pakistan need to learn from these examples of accelerated business growth and should explore opportunities to build partnerships with them to jumpstart their own global expansion.’

Key findings include:

Internet: More high-tech enterprises have evolved into the leaders of China’s future economic growth. Among the Top 100 companies, 42 companies are engaged in the computer and internet-related sectors. Since the 2016 ranking, the number of internet enterprises has increased by 50%.

Diversity: China’s future giants represent a fairly diverse range of industries. Those listed overseas tend to be involved in the internet, software development and other related sectors. The seven companies which are listed on the Hong Kong Stock Exchange (HKEX) are in the manufacturing, medicine and internet sectors.

Highest performers: The companies with the best overall rankings had better scores than other companies for corporate scale, growth, cash flow, overseas strategy and media coverage.

Common features: Despite not being widely-known internationally, the top-ranked enterprises have had a relatively rapid growth and support innovative development with a long-term vision and international strategy, enjoying positive media coverage and having a strong focus on R&D.The report also profiles three companies as case studies:

1)    Sunway Communication started out as a supplier of mobile device antennas in 2006 and is now a big player among global suppliers, with its focus on maintaining an technological edge, achieving organic growth, pursuit of long-term goals and grasping the best moment to become involved in the new technologies.

2)    Autohome Inc began life as a traditional media company in 2005 and is undergoing a successful evolution into the world’s most-visited car website. Even with the decline in growth and fierce competition in China’s current automobile market, Autohome was able to outperform its benchmark and recorded a 39% year-on-year growth in net profit.

3)    Aier Eye Hospital is a leader in ophthalmology with significant growth, offering various types of diagnosis and treatment, surgery and optometry services, with a network spread across mainland China, Hong Kong SAR of China, Europe and the US. The chain has treated almost 6 million patients in over 560,000 surgeries. Among all the companies ranked earnings Aier Eye Hospital achieved the highest scores in earnings quality and cash flow among all the companies ranked.To increase understanding of the impact of China’s Belt and Road Initiative, ACCA is actively collaborating with a range of strategic partners, working together to explore and define the opportunities and challenges facing countries and businesses along the routes, with special focus on the China-Pakistan Economic Corridor (CPEC).ACCA publishes a wide range of Belt and Road focused research and insights to support its members who are already working and supporting BRI projects.

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.ACCA supports its 208,000 members and 503,000 students in 178 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 104 offices and centres and more than 7,300 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountabilities.

 

 

CARFIRST wins Consumers Choice Award of fastest growing tech company in Pakistan

Karachi(Cliff News)CarFirst, Pakistan’s most trusted used car trading platform, was awarded the prestigious ‘Icon Award’ for ‘Fastest Growing Tech Company In Pakistan’ at the 14th Consumers Choice Awards 2019 in Karachi by the Consumers Association of Pakistan.Dr Khalid Maqbool Siddiqui, Federal Minister for Information Technology and Telecommunication, presented the award to CarFirst’s CEO & Co-Founder, Raja Murad Khan. The award reflects the CarFirst’s growth and its customer-centric approach, innovative products and how well it caters to the evolving needs of customers. Consumers Association of Pakistan is the largest network of consumers rights in Pakistan and gives out awards to consumer-friendly companies who offer their products and services in the best interest of Pakistani consumers. These awards are especially gratifying as the winners are selected from a wide cross-section of Pakistani consumers through different surveys conducted by the Consumers Association of Pakistan (CAP).Accepting the Consumers Association of Pakistan’s Icon Award for the Fastest Growing Tech Company In Pakistan, Raja Murad Khan, CEO & Co-Founder of CarFirst said: It is an honour for each and every member of the CarFirst family to receive this recognition from the biggest network of consumers rights in Pakistan. CarFirst has been a consumer-centric company from the get-go, and we are proud to play our part in simplifying the lives of our consumers through technology and innovation. Today, CarFirst stands proud to have revolutionized the way used cars are traded in Pakistan, and are grateful to be known as the most trusted used car trading platform by our consumers. This award goes out to our customers – Thank you for believing in us, as we continue to work endlessly to make the car selling process in Pakistan, fast, simple, secure and stress-free. ”The event was attended by, Dr. Khalid Maqbool Siddiqui, Federal Minister for Information Technology and Telecommunication, Mr. Toshikazu Isomura, Consulate General of Japan, Mr. Wang Hua, Chief Executive Officer ZONG China Mobile Pakistan(CMPak) Ltd, Dr. Mirza Ikhtiar Baig, Chairman Baig Group, Sr. Vice President (FPCCI), Mr. Samir Mir Shaikh Chairman Standing Committee on Education, Science and Technology (FPCCI) and Mr. Jam Ikramullah Dharejo, Minister of Industries & Commerce, Co-Operation Department, renowned industrialist, dignitaries from the Federal and Provincial Government, Diplomats and Media personalities.

About CarFirst

CarFirst is Pakistan’s most trusted trading platform, with a nationwide network of purchase centres and warehouses. CarFirst was founded in 2016 and has been the recipient of the largest Series ‘A’ investment in Pakistan from Frontier Car Group, and the largest Series ‘B’ investment from OLX Group. CarFirst aims to revolutionize the way cars are traded in Pakistan by offering comprehensive solutions for all things related to cars, such as evaluation, certification, financing, insurance, live auctions, and many more. CarFirst aim is to keep adding value across the customer’s journey, improving efficiency and transparency at every milestone of the car trading process.

 

Women in FocusPK: Celebrating of Substance

The Award Winners at the Women in Focus event hosted by Atiqa Odho at the Governor house, Karachi

Karachi(Cliff News)The PAS 2017 award winner, FocusPK held its much-awaited annual event, Women in FocusPk successfully initiated last year and focusing on dynamic women who have contributed immeasurably to society and their country at large, here, at the Governor House, Sindh, earlier today. The exclusive event was attended by corporate personalities, celebs, socialites, media and enterprising women from various professions. These awards were held in support of breast cancer awareness as a national cause for women’s health in Pakistan.The event was hosted by renowned TV and film actor and chairperson of FocusPK, Atiqa Odho. After recitation of the Holy Quran and national anthem, the host shared a background to the event. She said “This venture is very close to my heart as I feel women need to celebrate women and support one another – that is the only way to grow.” She then invited Misbah Khalid, project chair to the rostrum who spoke of her vision for the event.Among the worthy award-winners were Noorul Huda Shah, Sultana Siddiqui, Mussarat Misbah, Shazia Sayed, Momina Duraid, Frieha Altaf, Fareshteh Aslam, Fizza Ali Meerza, Erum Bintay Shahid, Maheen Khan, Sheema Kirmani, Samina Ahmed, Ameena Sayed and Seema Taher Khan. Honourable Chief Guest present to witness the remarkable evening was Governor Sindh, Imran Ismail.The programme ended with a tribute to two remarkable women, Fehmida Riaz and Asma Jahangir after which dinner and a live musical programme by Veru Shah and Fatima Shah followed.The official media partner of Women in FocusPk was HUM TV, national media partner was Ptv and PR partner was Starlinks PR and Events. Event supporters were ICI, Atiqa Odho Cosmetics, TDAP, Arkadians, AKMAN RD and Odho Consultancy.

Governor Sindh, Mr Imran Ismail at the Women in Focus event held by Atiqa Odho

 

 

Fashion Pakistan Week Winter Festive 2019 ends with a Sumptuous Grand Finale

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Karachi(Showbiz Reporter)After two days of everything fashion, the third and final day of Fashion Pakistan Week Winter/Festive 2019 concluded in a rather extravagantly ritzy manner on Friday, October 25th at the Beach Luxury Hotel in Karachi where the last eight of the 20 designers put forward their most exquisite creations hence marking the latest trends and must haves for the Winter Festive season.Zainab Chottani commenced day 3 of #FPWF19, with an opulent collection titled ‘Khwahish’ which was a visit to an inexorable classical feminine personification of a majestic look with contemporary silhouettes. This was followed by ‘Darwaish’ by Huma Adnan who took inspiration from the pattern, prints, embroidery, vibrant colors that she sees every day. ‘Uraan’ by Nauman Arfeen illustrated the story of a man learning to let go of his son as he grows into an adult and gets married. ‘Limitless’ by Saba Asad unveiled the glamour of the new generation and ‘Talea’ by Shiza Hasan weaved in a myriad nuances of femininity, recreating a magical tale in fabric and bridal wear.Sixth designer of the night, Sadaf Fawad Khan showcased her latest bridal collection ‘Adam & Eve’ which comprised of a beautiful assortment of pastels as well as traditional colors that are forever classics. ‘Ishq-e-Raag’ by Ayesha Ibrahim juxtaposed the traditions of the Mughal with dainty details, soft feminine colors and the perfect blend of traditional craft and modern sensibility. A head-turning closing show by Deepak Perwani’s latest bridal range ‘Shalimar’ ended the night on a high note.

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Needless to say, each designer crafted their best creations with great precision and detail. A–list models from the industry walked designer outfits down the ramp. The make-up maestro Nabila from N-Pro and N-Gents, styled the models and showstoppers with her signature finesse and style.Celebrity showstoppers further elevated the glamour on the ramp starting off with Mawra Hocane and Fahad Mustafa who walked for Zainab Chottani, Deputy Counsel General of USA Darian Arky and Noor Khan for Huma Adnan, Wasim Abbas and Ali Abbas, the father-son duo for Nauman Arfeen, Shaneira Akram for Saba Asad, Wasim Akram for Shiza Hasan, Hania Amir and Feroze Khan for Sadaf Fawad Khan, Sumbul Iqbal for Ayesha Ibrahim and Wahaj Ali and Sarah Khan for Deepak Perwani’s opulent closing.Amongst the tastefully lit lighting and décor were famous faces with the likes of Fawad Khan who came out support his wife Sadaf showcasing the latest collection, Physiogel brand ambassador Ayesha Omer, Asim Azhar, Nina Kashif, Sharmeela Farooqui and Sarwat Gilani amongst others.The glamorous evening began with the presence of renowned personalities from the world of Pakistani fashion and entertainment walked down a star-studded purple carpet in dazzling dresses and dapper attire. The glamour quotient was high as Karachi turned out to applaud the eight closing night designers. Many were seen at the Physiogel booth striking a pose, showing how Physiogel Confident they are before the collection showcase. The stylish and light-hearted actor, Ali Safina engaged the audience in conversations revolving around fashion, their personal style, beautiful skin, and the who’s who of fashion. Some also experienced the chocolatey indulgence at the glamorously decked up Chocolatto booth, ultimately walking away with picture perfect moments.Prior to his showcase, Chairperson of Fashion Pakistan Council (FPC), Deepak Perwani said a few words, “This is my last term as Chairperson of FPC and I’d like to thank everyone who supported me throughout my tenure and also the Pakistani fashion industry which is only growing by the day. I would encourage more and more designers to take part in this as our fashion industry is thriving and together, we should keep the momentum going. I encourage all designers to participate in our elections next month.” Adding to this he also said, “With a strong designer line-up, artistically choreographed shows, tastefully lit lightning and décor, the star-studded three-day Fashion Pakistan Week Winter Festive 2019 is coming to a rousing end and I couldn’t be more proud. We wanted this years’ fashion week to be grand and I think, it’s safe to say that we successfully managed to do so.”The night would not have been as seamless, without the help of Fashion Pakistan Week’s numerous partners. Fashion Pakistan as the producer of the three-day event, Nubain Ali as the show director, Production 021 as the official event management partner, Nabila and N-Gents as the official stylist, TV-One as the official media partner and Radio FM91 as the radio partner in order to get a nation-wide coverage of greater magnitude. The renowned skincare brand, Physiogel as the official red carpet sponsor. Faisal Farooqui as the official photographer, J. by Junaid Jamshed as the official fragrance partner, and Samsonite as the official luggage partner. foodpanda as the official backstage food partner, Pakola, as the official beverage partner, Bisconni Chocolatto as the snack partner with Red Bull as official energy drink partner and Talking Point as the official PR and Digital partner.

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