Corporate Pakistan expo
to unfold trade potential
LAHORE (PR): “Corporate Pakistan-2013 exhibition would be a wonderful opportunity to reflect Pakistan as a potential country for business and would prove to be a catalyst for the ongoing diversification and development of country’s knowledge economy. Moreover, the Expo will present Pakistan to the business community an open, tolerant, affluent place to do trade,” said by Zia ul Mustafa, President ICAMP while addressing a press conference.
The ICMA Pakistan is organizing mega Trade Exhibition and Business Professionals Conference under the title of “Corporate Pakistan” on 14th and 15th December, 2013 at Lahore.
Zia ul Mustafa, President & Chief Executive said that we are fully resolved to present the true corporate face of Pakistan to the world and also to achieve national objectives such as to improve the corporate image of Pakistan, motivate the entrepreneurs for business growth, enhance the confidence of investors in Pakistan’s business market, encourage youth of Pakistan to explore new horizons.
JCR-VIS reaffirms IFS rating of Premier Insurance
KARACHI (PR): JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the Insurer Financial Strength (IFS) rating of Premier Insurance Limited (PIL) at ‘A’ (Single A). Outlook on the rating is ‘Stable’.
The assigned rating draws strength from the company’s large equity base. Over the years, the company has built a sizeable investment portfolio, a major portion of which is deployed in cash/income funds, providing both a source of earnings and liquidity. In recent years, the company’s focus has been on augmenting the premium levels; business mix remains diversified with motor comprising around 1/5th of total premium. Pressure on underwriting results persists on account of adverse claims experience and higher retention on net account that has eventually trickled down to the bottom line.
Despite strong investment income support, claims incurred and provisioning against outstanding receivables led to a net loss during 9M13. PIL’s large equity base provides cushion to absorb losses; the underwriting strategy may nevertheless need to be revisited to improve claims ratio. The company is making on-going efforts to curtail expense ratio through staff cost rationalization. Management expects underwriting results to improve in the coming year.
LAHORE (PR): Samsung introduced the “Accessibility Map” mobile application, enabling users to obtain information in a easier and quicker way about city amenities with a barrier-free environment, and also sharing information about recommended travel routes for people with disabilities and nearby locations where they can take up Paralympic sport.
“We are proud that Samsung has supported the Paralympic Movement over the past few years,” says Sung-ho Jun, President of Samsung Electronics CIS headquarters. “We are delighted that Samsung’s latest smartphones and technologies are making a contribution to improving the quality of life for people with disabilities and supporting them to achieve outstanding results.”
Warid to launch financial services
LAHORE (PR): Warid Telecom will soon launch its mobile financial service in collaboration with Bank Alfalah Limited. Bank Alfalah Limited has been granted the license by State Bank of Pakistan to operate its branchless banking services and Warid Telecom is facilitating the bank with its wide network cellular coverage.
Warid and Bank Alfalah’s joint mobile financial services aim to provide convenient financial solutions to all segments of the society. This latest service will provide unbanked customers with a secure channel for money transfer and utility bill payments.
Ufone continues to improve health facilities
LAHORE (PR): Ufone has refurbished the entire Children’s Ward and the Children’s OPD of the Federal Government Service Hospital in Islamabad as part of its corporate social responsibility agenda of giving something back to the community. The PEADS Polyclinic renovation project started in the year 2007, when Ufone revamped the entire children’s ward.
The PEADS polyclinic is one of the most frequently visited referral centers in Islamabad.
Restoration work includes complete renovation of the children’s ward, improved sanitary conditions, and reduced crowding by adding more beds. A more comfortable atmosphere for the patients to repose has been created with the addition of proper flooring, new paint, seating, air conditioners, heaters, lighting, plasma televisions, help desks, nursing cabinets and windows for proper ventilation. The entire project is now complete.
Roots Schools View Campus
ISLAMABAD (PR): Roots Millennium Schools Hill View Campus was inaugurated in the presence of Raja Farooq Haider Khan Former Prime Minister of Azad Jammu & Kashmir, who was invited as the Chief Guest on this special occasion. The RMS Flagship ‘Hill View Campus Mirpur’ is dedicated to generational historic legacy of educationist & social reformer; Sir Sayyed of Kashmir, Late Khan Muhammad Khan Sahib commonly known as ‘Baba-e-Poonch’, one of the founders of Kashmir Movement.
, his son Late Col (Retd) Muhammad Naqi Khan Former Member AJK Legislative Assembly & Minister, Grandson Dr. Muhammad Najeeb Naqi Khan Member AJK Legislative Assembly & Minister and Granddaughter Mrs. Riffat Mushtaq