FBL upgrades core banking infrastructure

KARACHI (PR): Faysal Bank Limited, a leading Pakistani bank engaged in Corporate, commercial, retail and Islamic banking activities, has implemented SunGard’s Ambit Core Banking solution to help drive operational and cost efficiencies, optimize profitability and support future growth.

Following its acquisition of Royal Bank of Scotland’s (RBS) Pakistan operations, Faysal Bank needed to upgrade its core banking infrastructure to support its growing network of more than 265 branches and the bank’s future expansion plans.

An Ambit Core Banking user since 2004, FaysalBank opted to migrate the acquired operations onto SunGard’s solution and upgrade its entire core banking infrastructure to the latest release of the platform.  SunGard’s Ambit Core Banking provides Faysal Bank with a single, fully integrated system which seamlessly interfaces with other enterprise applications. The latest release offers the bank proven functionality to support its five year growth strategy and has helped the bank replace 19 systems for improved efficiency, lower cost and reduced risk.

Faysal Bank also uses Ambit Treasury Management, which is integrated with Ambit Core Banking.

Scholarships for students

LAHORE (PR): Australian High Commissioner, Peter Heyward, Tuesday bid farewell to 25 Pakistani professionals who have been awarded scholarships to undertake agricultural studies at the University of Western Australia, through the APAS Short Course Awards program. The award recipients are from across the country, though many come from the provinces of Punjab and some parts of Sindh where agriculture is a main source of income for the rural communities. 

“This APAS short course provides a short-term study opportunity for professionals and academics who are working in the agriculture sector. The studies will increase their knowledge of irrigation and water resource management and help them support better resource use on farms when they return” said Mr Heyward during his address to the award recipients at their pre-departure briefing.  

One of the award recipients said that the APAS award would not only give them the opportunity to benefit from Australia’s expertise in irrigation and water resource management, but would also enhance their understanding of Australia.

The APAS scheme is part of the Australian Government’s Australia Awards, which aim to develop the capacity and leadership skills of individuals so that theycan contribute to the development of their home country, and build people to people linkages at individual, institutional and country levels.

Australia has been providing scholarships to Pakistani students since 1991, and Australia Awardsand demonstrates the strong development partnership that exists between the two countries.  In 2013-2014 Australia will provide around AU$76m in development assistance to Pakistan, focusing on health, education, governance, trade and agriculture.

Roots Ivy Olympiad

ISLAMABAD (PR): Roots Ivy Olympiad 2014 came to an end with zeal and fervor on the fourth day of its ongoing activities including inter-school/college competitions. Over 200 school/colleges from all over Pakistan as well as from international schools from the world participated in this event.

During the grand closing ceremony, Khadija Mushtaq, Executive Director of Roots School System, DHA-1 campus, Islamabad and CEO Roots Ivy International Schools gave out the shields and certificates to the winners and congratulated and encouraged them on their marvelous success. The participants were overjoyed with their achievements and experience during the four day talent marathon.

This platform provided them with an opportunity to explore their talents and share their point of views. At the end of the closing ceremony, she thanked everyone who participated in Roots Ivy Olympiad 2014 and congratulated all the participants, students, faculty members, staff and organizers on their brilliant achievements. She especially appreciated the dedication and efforts of the entire Roots DHA1 team. She especially thanked the school principals and accompanying teachers for their wholehearted participation at Roots Ivy Olympiad 2014.

She was very happy to see all the talent shows displayed by the students and praised their tremendous efforts. She strongly encouraged students to participate in extra-curricular activities and explore their hidden talents and avail this dynamic opportunity.

The entire event was organized by the students. The leadership shown by the heads of Roots Ivy Olympiad 2014 was outstanding. It was a sight to view when all the students joined hands together to make this grand event a huge success. Roots School System DHA1 campus Islamabad set another stage enroute promoting inter-school/ college talent competitions.

Nestlé and UN Women hold panel discussion

LAHORE (Staff Reporter): Nestlé Pakistan and UN Women held a panel discussion on the topic of “Gender Equality in the Corporate Sector – Challenges and Opportunities for Women”. Nestlé Pakistan, as global signatory to the Women’s Empowerment Principles (WEP), has joined hands with UN Women Pakistan to enhance implementation of the WEP within Nestlé and promote gender equality in the corporate sector. The objective of the panel discussion was to raise awareness on the participation of women in the corporate sector, the challenges and opportunities they are facing and identify successful policies and practices for enhancing women’s participation.

“UN Women Pakistan foresees the adoption of the WEP as key to providing guidance to companies on how to empower women in the workplace, marketplace and the community. We welcome Nestlé’s commitment to the WEP and hope that more corporate bodies will join us in this endeavor.” said Sangeeta Thapa, Deputy Representative/OIC of UN Women Pakistan in her opening remarks.

Sue Johnson, Global Head of Gender and Diversity at Nestlé, was one of the key speakers at the event. “Nestlé has been making steady progress in enhancing the participation of women in its work force. It has also offered benefits aimed at ensuring they can strike a balance between their professional and personal lives, without compromising productivity in the work place,” said Sue Johnson. “Nestlé envisions a long and fruitful association in promoting the cause of women in the corporate sector. As a global signatory to the Women’s Empowerment Principles, Nestlé seeks to be recognized as a global steward in terms of women’s empowerment,” she added.

Splash store’s collection

LAHORE (PR): It all started in Sharjah in 1993 with one store. Now, two decades later it (Splash) has become a force to be reckoned with over 200 stores and 50 brand stores across 13 countries. Splash is the go to fashion store for men, women and teens. Splash also collaborates with other international fashion brands. Lee Cooper and Bossini to ELLE and Being Human and othersbrands are available at the store.

SS’14 Splash interprets the trends that were the talk of the town in the fashion world and launches them with a high street perspective. From aqua inspired florals to bold geometric patterns, head-to-toe white to bespoke sports, the Splash collection is an interesting mix of dramatic atmosphere and varied styles.