Nestle Pakistan wins 1st Prize at UN Global Compact Business Sustainability Award 2019

Lahore(Cliff News)Nestlé Pakistan has won the First Prize for ‘Living the Global Compact Best Practices Sustainability Award 2019’, in the category of multinational companies and declared the Sustainable Development Goal (SDG) Champion at the business sustainability moot and award ceremony, hosted by the UN Global Compact Network Pakistan.

This is the fourth consecutive time that Nestlé Pakistan has been recognised for its continuous commitment towards contributing to healthier future in line with SDGs and the ten principles of the UN Global Compact embedded in the way it conducts business.“It is an honour to be recognised by UNGC for the fourth time in a row. This not only shows Nestlé’s commitment and dedication to the SDGs but also motivates us further to continue our mission in line with UNGC principles,” said Waqar Ahmad, Head of Corporate Affairs, Nestlé Pakistan on the occasion. He added that Nestlé Pakistan was playing its role in community engagement and enhancement through various programs for its focus areas.“Nestlé believes in the philosophy of creating shared value (CSV). Our purpose is to enhance quality of life and contribute to a healthier future and hence CSV is embedded in our business model, where direct engagement and support to communities is extended across the value chain,” he said.Nestlé Pakistan’s initiative, the Nestlé-BISP Rural Women Sales Program, under Ehsaas, was also presented as a case study at the moot, highlighting how the project had helped graduate BISP beneficiaries out of poverty in line with UN SDGs 3, 5 and 17 – Good Health & Well-being, Gender Equality, and Partnerships for the Goals, respectively. It has so far over 900 active rural women sales agents.As part of ‘Caring for Water – Pakistan’ initiative, Nestlé Pakistan with its collective action approach partnered with organisations such as LUMS, UVAS, WWF Pakistan, SDPI and PARC to address the shared water challenges, consistent with SDGs 6 – Clean Water & Sanitation, and 17 – Partnership for the Goals.Meanwhile, the Nestlé for Healthier Kids program (N4HK), a global initiative that empowers parents, caregivers and educators to foster healthier eating, drinking and lifestyle habits among school age children, has reached out to more than 220,000 kids and trained over 1100 teachers on nutrition in 280 schools, in collaboration with 10 educational partners.Congratulating Nestlé Pakistan on winning the award, Fasihul Karim Siddiqi, Executive Director Global Compact Network Pakistan, said, “We recognise Nestlé’s commitment and efforts which are completely aligned with UNGC principles of sustainable business practices in Pakistan.I believe that such practices should be promoted at greater levels and used as an example for other businesses to follow.”Living the Global Compact Best Practices Sustainability Awards is organised by Global Compact Network Pakistan every year. The network is currently fortified with around 90 organisations in Pakistan.

About Nestlé

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.

 

 

Shaan e Pakistan announces details of its upcoming fifth edition

Huma Nasr with her partners at the red carpet event of 5th Promising Shaan-e-Pakistan press conferenceKarachi(Cliff News)Shaan e Pakistan the huge and unique Pakistani platform for culture, food, music and fashion which aims to project the best that Pakistan has to offer beyond its borders, held its star-studded press conference at Zaoq restaurant, Dolman Mall, here earlier today. The event was well-attended by media, celebrities, socialites and corporates who graced the red carpet before the start of the conference.The event was hosted by the charming Hira Hussain who invited the founder and creator of the prestigious platform, Shaan-e-Pakistan, Huma Nassr to introduce the event. She announced the details of the upcoming 5th Edition and said “After the overwhelming success of the previous editions that took place in New Delhi in 2015, Lahore in 2016, Karachi in 2018 and Lahore in 2019, this year Shaan-e-Pakistan aims to cross another milestone by holding their 5th Edition — PROMISING SHAAN-E-PAKISTAN, 3-DAY FESTIVAL, in Colombo, Sri Lanka from 21st till 23rd March, 2020.”She added the objective of doing such festivals outside Pakistan is to give a platform to our country to show what it has to offer in terms of art, culture, music, food, fashion, property and trade. The three-day event will include exhibitions at Sri Lanka Exhibition and Convention Centre by both Pakistani and Sri Lankan corporates, women entrepreneurs, designers and artists. There will be a designer Lounge headed by Faiza Malik from Ensembles Dubai featuring Saniya Maskatiya, Fareeda Hasan, Armari and a lot more designers. There will be a Crafters Lounge headed by Anisa Yunus with some great crafts of Pakistan, Savvy Lounge by Aamir Mazhar featuring statement jewellery and exclusive outfits by designers from Lahore, and South Asian Lounge depicting South Asian Ensembles.Among the other speakers on the occasion were Irfan Pardesi from Zee Foundation, the executive producer of the event, Saad Ahsan from Commonwealth Dominica, Saud Faisal from Pakistan Observer, Amir Iqbal (poet), and Faisal Mubeen from Malka Foods.While a fashion show is scheduled for the 22nd, there will be a closing ceremony ‘Aik Shaam Pakistan kay Naam’ on the 23rd, both at Barefoot. Salts Arts would be collaborating with Shaan-e-Pakistan as Music Curator Partners. The fashion show will not only feature local talent like Mushk who will also be hosting the Red Carpet, but also international models. Ali Xeeshan and Humayun Alamgir would also be sharing the stage. Komal Rizvi, one of the ambassadors of Shaan e Pakistan, will also be walking the ramp and singing for the audience. There will also be a cricketers’ meet and greet on the closing night.For the entertainment of those present and to give an idea of what to expect in Sri Lanka, a sensational unplugged session by lead singer Wajih Farooqui of Raeth Band followed by Komal Rizvi and finally Safeer Jaffrey took place, after which the floor was open to questions and answers. High tea was then served.  The event would not be possible without the support of Zee Foundation and Saad Ahsan Immigration Law Firm, and Tranquility Beach Commonwealth Dominica who are the main promoters of the event. Hemani is the organic partner and Malka Foods is the food partner. HUM Network is the official media partner, while Hot FM 103 is the radio partner. Print media partner is Pakistan Observer, which is also presenting a property and pharma pavilion.Among the main partners from Sri Lanka supporting Shaan-e-Pakistan with gusto are aesthetic partner Jewel Gate, hospitality partner Galadari Colombo, venue partner Barefoot and SLECC, and logistics partner ASK, airline partner Sri Lankan Air and travel partner Reems Travel. Zaoq is the official restaurant partner in Karachi.The PR of the event is being handled by Starlinks PR and Events.




 

EBM participated Gulffood 2020 exhibition at Dubai

English Picture Release

Karachi (Cliff News)Following the recent launch of their new corporate brand identity, EBM participated in the Gulffood 2020 Exhibition held in Dubai. The overall response received from the buyers present at the exhibition has helped create multiple opportunities for EBM to expand their reach across international markets.In recent months, EBM has focused on enhancing its operational capabilities in order to be able to meet the increased level of international demand. With a reach that already spans to many major countries around the world, EBM hopes to further expand its consumer network to include other countries as well. While speaking on the subject, Dr. Zeelaf Munir, CEO of EBM, said, ‘We have taken the ownership as well as the responsibility to provide wholesome and nourishing food-between-meals to our consumers. With ever increasing levels of demand, EBM has kept innovation, research and development at the core of its production process. Through our market-research, we have observed the evolving needs of our consumers, both at home and abroad, and have been able to fulfill the needs of those looking for high quality innovative offerings including ethnic varieties.’Shahzain Munir, Director Business Development further added, ‘The response from this year’s fair has been overwhelming for our organization. We will continue to break barriers to enter into new markets and adopt cutting edge technologies for efficient operations. International markets are and continue to remain our primary focus for business growth. We are determined to continue contributing to the national exchequer by increasing the export of our products.’With a legacy of over 50 years, as a leading food company from Pakistan, and an example of flourishing entrepreneurship, EBM firmly believes that success and growth are achieved only through consistently striving for excellence. EBM’s commitment to remain abreast of global trends, while staying true to its roots, has enabled the company to satiate the needs of local and international consumers belonging to diverse markets.

About EBM:

EBM has been baking nutritious delights for Pakistani consumers under the brand name Peek Freans since 1966. 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.

 

A1 decoded-accountants and policy makers can benefit from ongoing work

Karachi (Cliff News)ACCA’s (Association of Chartered Certified Accountants) latest report Explainable AI addresses explainability from the perspective of practitioners, i.e. accountancy and finance professionals. Head of Business Insights, Narayanan Vaidyanathan, said: ‘It is in the public interest to improve understanding of XAI, which helps to balance the protection of the consumer with innovation in the marketplace.’Complexity, speed and volume of AI decision-making often obscure what is going on in the background (the black box), which makes the model difficult to interrogate.  Explainability, or the lack of this, affects the ability of professional accountants to understand and display scepticism. In a recent ACCA survey, more than double, 54%, agreed with this statement compared to those who didn’t.Vaidyanathan continued: ‘It’s an area that’s relevant to being able to trust technology and to be confident that it’s used ethically and XAI can help in this scenario.  It’s helpful to think of it as a design principle as much as a set of tools. Moreover, this is AI decoded, and designed to augment the human ability to understand and interrogate the results returned by the model.’

Key messages for practitioners:

  • Maintain awareness of evolving trends in AI: 51% of respondents were unaware of XAI.  This impairs the ability to engage. The report sets out some of the key developments in this emerging area to help raise awareness.  
  • Beware of oversimplified narratives: In accountancy, AI isn’t fully autonomous, but nor is it a complete fantasy. The middle path of augmenting, as opposed to replacing, the human works best when the human understands what the AI is doing; which needs explainability. 
  • Embed explainability into enterprise adoption:  Consider the level of explainability needed, and how it can help with model performance, ethical use and legal compliance. 

Policy makers, for instance in government or at regulators, frequently hear the developer/supplier perspective from the AI industry. This report can complement that with a view from the user/demand side, so that policy can incorporate consumer needs.  

The report’s key messages for policy makers are:

  • Explainability empowers consumers and regulators: improved explainability reduces the deep asymmetry between experts who understand AI and the wider public. And for regulators, it can help reduce systemic risk if there is a better understanding of factors influencing algorithms that are being increasingly deployed across the marketplace. 
  • Emphasise explainability as a design principle: An environment that balances innovation and regulation can be achieved by supporting industry to continue, indeed redouble, its efforts to include explainability as a core feature in product development.

 

Narayanan Vaidyanathan added: ‘XAI can be polarising, with some having unrealistic expectations for it to be like magic and answer all questions. While others are deeply suspicious of what the algorithm is doing in the background. XAI seeks to bridge this gap, by improving understanding to manage unrealistic expectations, and to give a level of comfort and clarity to the doubters.’

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 219,000 members and 527,000 students (including affiliates) in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of 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. 

 

 

 

Naya Nazimabad hosts send off lunch for Karachi Kings and Quetta Gladiators

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Karachi(Cliff News)To celebrate Pakistan Super League seas 5 being played in Pakistan, Naya Nazimabad hosted a send-off lunch in honour of the PSL Teams Karachi Kings’ and Quetta Gladiators. The ceremony was attended by Governor Sindh, Imran Ismail; Provincial Minister; Saeed Ghani; Mayor Karachi, Waseem Akhtar; Commissioner Karachi, Iftikhar Shallwani; along with top businessmen, bankers, cricketers and a large number of cricket lovers at Naya Nazimabad.Both the teams – Karachi Kings and Quetta Gladiators were also present along with their respective owners, Mr. Salman Iqbal and Mr. Nadeem Omar, and their advisors Mr. Wasim Akram and Mr. Moin Khan. Both Mr. Salman Iqbal and Mr. Nadeem Omar expressed their exuberance at cricket coming back to Pakistan and resolved to keep working for its continuity.Mr. Arif Habib, addressing the teams said, “Cricket is a game of thrills which the entire nation loves and enjoys. We wish Quetta Gladiators and Karachi Kings all the best and look forward to watching the teams playing competitively.”Referring to the recently issued letters by the DC-West which have raised some unfound observations about the Naya Nazimabad Project, Mr. Arif Habib, explained that such observations have been raised in the past as well and investigated by different courts and regulatory agencies. All such investigations have concluded that the land title of Javedan Corporation Limited (JCL) is absolute, lawful, clean and clear.

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The project has been approved after investigations by various agencies. It is a model housing society that offers all recreational facilities including parks, grounds, stadiums and mosques etc. for healthy and wholesome living.Naya Nazimabad is a project of JCL, which has almost 4,000 shareholdera and is listed on the Pakistan Stock Exchange. It is not a proprietorship or a privately owned company. It is in fact the only listed company which is engaged in the business of development. Present sponsors had acquired this company through a transparent, privatization process. The land owned by this company, which makes Naya Nazimabad, is either 99 years leasehold land or free-hold land. This land is in the company’s possession even before its nationalization in 1972.In 2011, company launched Naya Nazimabad project after obtaining all regulatory approvals as prescribed in relevant laws. Till date, over 2,800 allotments have taken place, 1,000 leases have been completed and the project has 30,000 houses in prospect and potentially 150,000 residents will benefit of contemporary modern healthy living.He further said, that Ghat-Wadh form no. 35 reflects the measurement and demarcation of the land only. It has nothing to do with the land title, which is perfect and spotless. The form was issued following the due process. DC-West letters are in contempt of the restraining order issued by the Sindh High Court on February 11, 2020. The company is serving legal notices to DC-West in this regard.Mr. Arif Habib restated sponsors’ resolve to continue to develop Naya Nazimabad for the progressive middle-class of Karachi as the benchmark in its class.

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Crown group signs MOU with Total Parco

IMG-20200217-WA0015

Karachi(Cliff News)Crown Group, a leading two and three-wheeler automotive giant, has partnered with Total Parco Pakistan (TPPPL), a globally recognized player in the oil industry, to introduce a new infusion of quality Ultra Boost Multi-Grade Engine Oil which will be available all across Pakistan. Formulated in France, the high quality engine oil will not only rejuvenate vehicles engine life but also actively clean it due to its Pro-Cleansing Formula Technology.The signing ceremony took place at local hotel with the presence of dignitaries from both the respective organizations including Chairman Crown Group, Mr. M. Farhan Hanif, Managing Director, S.M Kashif Qaseem along with other directors of the group. The agreement was signed between Business Development Director, Crown Group – Mr. Zohaib Farhan and Vice President, Total Parco Pakistan Pvt. Ltd – Mr. Zaza Kandelaki.With a monthly sale of up to 10,000 motorcycles, Crown Group has now diversified its operations across motorcycles, all engine parts, batteries, body parts and tyres for two and three-wheelers. Their production capacity is laid out strategically in two factories in Sadiqabad, one motorcycle factory and 8 Chinese joint venture factories in Karachi and an industrial park in Port Qasim, Karachi.Crown is a leading brand in the two and three wheeler industries of Pakistan and the only local consumer brand that exports to international markets while offering solutions for all segments of the industry within Pakistan.

About Crown Group:

Crown Group has been the forerunner in two and three-wheeler automotive industries since 1963. Having the largest network of motorcycle parts across pan Pakistan, Crown deals in manufacturing motorcycles, tyres and tubes for more than 15 years.

WB by Hemani takes quantum leap towards Digital Pakistan

Zohair Hemani, Ali Abbas, Waseem Badami and Tahnoon Khan at WB by Hemani's office

Karachi(Cliff News)In line with the vision of Prime Minister of Pakistan’s new initiative of Digital Pakistan, WB by Hemani has brought in a technology from a USA based company, Jolokia, thus becoming being the first retail industry to digitalize its HR and Training process. A contract-signing ceremony at their office took place here earlier today, attended by select members of the media.WB by Hemani, established in 2017 with over 30 outlets all across Pakistan, was the first company to bring a natural and organic experience to Pakistan. This time, through the partnership with Jolokia, WB by Hemani will again be the first company in Pakistan to manage HR and do online training with product information along with appraisal, increment and product quizzes all in one software called Inferno LXP. Inferno LXP is already been used by various MNCs in USA.Inferno LXP is a brand-new edition to this part of the world and will be instrumental in making WB by Hemani have a full-featured, reliable SaaS platform that allows instructors to create engaging video learning experiences. Ultimately this technology will add value to the learning and development departments of corporate organizations regardless of whether a learning management system is available there or not. Having everything presented in Video is the new norm; short and engaging videos are undoubtedly more effective, digestible and helps an organization save paper. SMEs and other employees provide a wealth of resources, so while automation is the new way forward, human connection is important too. LXPs enable the best of both worlds where access to learning in video format can be made watchable at any time and at any place – with valuable content being just a few clicks away.Pete Mastin, CEO of Jolokia (based in USA) said, “We are very excited to partner with WB by Hemani in this region to expand the reach of our business development efforts. The fact that this time round there will be automated caption creation and translations into Urdu is the icing on the cake”.By adding this kind of technology to their current business model, WB by Hemani is headed in the right direction. Not only are they leading the retail industry, but also tapping on the Digital Pakistan initiative to the nation’s benefit, by being the first to embark on video learning experience platforms.

About Jolokia Inferno LXP

Jolokia is an intelligent online video service provider whose product, Inferno, an online training and Learning Experience Platform (LXP), supports clients that require integration with enterprise systems, custom workflow, cognitive search and discovery, translation and accessibility, interactive features and secure multi-CDN streaming in front of and behind the firewall. Jolokia has been providing top products and service in the video streaming space for 10+ years.