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UBL announces winners of the 9th UBL Literary Awards

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The winners of the 9th UBL Literary Awards 2020 were announced by UBL on their social media platforms on Tuesday, September 8, 2020. Celebrating the literary efforts of Pakistani writers form both within and outside Pakistan, UBL announced the winners of these awards for the ninth year running. 

Despite the unprecedented conditions across the globe due to the Covid-19 pandemic, enthusiastic participation was witnessed after the call for entries announcement for the awards was released earlier in 2020. The books, which were written by Pakistani authors and published both within and outside Pakistan from July 1, 2018 to December 31, 2019, were shortlisted by an esteemed panel of judges which included the likes of Dr. Asghar Nadeem Syed, Mr. Ghazi Salahuddin, Dr. Arfa Syeda, Ms. Kishwar Naheed, Dr. Anwaar Ahmad, Mr. Masood Ashar and Ms. Muneeza Shamsie. 

Two new categories of Debut Book (both in English & Urdu), in addition to the existing eight were awarded this time.

Easypaisa and NADRA Technologies Ltd. Collaborate for Accessible Digital Financial Services

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Easypaisa, Pakistan’s flagship digital payments platform has joined hands with NADRA Technologies Limited (NTL) to provide cross-platform services on NADRA e-sahulat networks enabling convenient access to digital financial solutions. Under the partnership, all 12,000 NADRA e-Sahulat centers across the country will now also provide a host of Easypaisa services.

The agreement was signed by Khurram Malik, Head of Easypaisa, Telenor Microfinance Bank and Mr. Ali Javed, Director General, Public Service Directorate, NADRA Technologies Limited. Senior members from both organizations were also present on the occasion. 

Easypaisa, the leading digital payments platform with more than 150,000 branchless banking agents across Pakistan is among the frontrunners working towards revolutionizing digital financial services. NTL’s partnership with Easypaisa is testament to the fact that change is being adopted at a national level providing a robust foundation for convenient access to digital financial services throughout the country. 

As a result of the COVID-19 pandemic, digital payments have taken a center stage when it comes to safe and convenient access to financial services. This partnership is another step towards the development of a digital ecosystem that benefits the country as a whole. 

Speaking at the occasion, Khurram Malik, Head of Easypaisa, Telenor Microfinance Bank said; “Effective collaborations are the ideal way forward to extend our services in partnership with some of the leading technology-based platforms in the country. Our alliance with NADRA Technologies Ltd. is an avenue for both organizations to make digital payments simple and conveniently accessible for everyone while also improving financial inclusion ratios in the country at the same time.”

Speaking at the occasion, Mr. Ali Javed, Director General, Public Service Directorate, NADRA Technologies Limited emphasized on the need of effective collaboration between Government and private sector to further facilitate general public as well as to bring good governess. Focus of NADRA Technologies has always been towards new partnerships and avenues, eventually creating public convenience to access government services and to create jobs in the market. Alliance with Telenor Microfinance bank is also a milestone in supporting Government initiative of National Financial Inclusion. 

Easypaisa has evolved significantly as a complete digital payments solution especially in the months following the announcement of lockdowns across the country in light of the Coronavirus pandemic. The service has opened significant avenues for customers to conduct various transactions reliably and safely through a platform which is easily accessible through a smartphone app, USSD codes on feature phones and also through a network of 150,000 agents across Pakistan.

EFU Life wins Brand of the Year Award 2019

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EFU Life wins Brand of the Year Award 2019

EFU Life Assurance Limited, the leading private life insurance provider in the country, has been conferred with ‘Brands of the Year Award 2019’ for the Best Life Insurance Company by The Brands Foundation.

‘Brands of the Year Award’ is a distinctive and premier recognition for a brand recognized as a champion in its industry category based on current year market standing and consumer preference. It honors only that single brand in each category every year which dominantly led through all the levels of selection criteria.

The Company is committed to building on to the brand and providing comprehensive accessible and affordable insurance plans to meet the diverse needs of individuals through all stages of their life.

Accountancy can help thousands reskill post Covid-19

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Accountancy is a global game changer for many thousands finding themselves at a career crossroads. 

200,000 jobs are available on the ACCA Careers site every month as college leavers plan their next steps and career progressors continue their paths to future success. Job seekers and students are also urged to make use of ACCA Careers’ employability tools to aid them in their search.

ACCA Careers offers a free CV review and a career management session offering advice on career paths, along with virtual interview guidance and job-hunting tips. ACCA members and students are also invited to attend virtual career fairs attended by some of ACCA’s top employers such as PwC, Deloitte, EY and KPMG.

This support comes at a critical time for the Pakistan economy where jobseekers and students face significant challenges owing to the Covid-19 pandemic.

Nigel Bicknell, head of ACCA Careers, underlined the important role accountants play during times of crises. He said: ‘Accountants are very much at the coalface helping businesses tackle what are hugely significant and worrying times owing to the Covid-19 pandemic.

‘The ACCA Qualification is the future-ready career, which provides stability and flexibility. The qualification focuses on skills of the future, providing all round business acumen. When times are hard, employers are zeroing in on skills. That’s where ACCA can come into play. Our focus is on lifelong care for students – progression and evolution as an accountant is continuous.’

Thousands of students across Pakistan have recently graduated with matriculation, intermediate and O/A-Level and are currently struggling to plan their future career choices due to restrictions on international travel and delay in local college and university admissions. 

Sajjeed Aslam, head of ACCA Pakistan said: ‘ACCA recognises that the university route is still popular but believes in diverse opportunities for young people to enter the accountancy profession. Professional qualifications carry greater employer trust and recognition and professionals holding designations such as FCCA and ACCA are regarded more work-ready.’

ACCA member Farah Iqbal, planning and performance manager at BP PLC said: ‘The ACCA Qualification has opened doors for me. It’s an exciting industry that’s no longer about number crunching but the path to a truly global career, with the flexibility and opportunity to specialise and work in any industry. In the future I hope to further apply my skills to focus on sustainability and environment.’

With the working world facing an uncertain future due to the Covid-19 pandemic, many people, irrespective of age, should consider retraining or upskilling to change career paths.

Research from ACCA and PwC Finance Insights – Reimagined, highlights organisations focusing on the short-term reskilling of the population rather than the longer-term return on investment.

 

Sajjeed Aslam concluded ‘The turbulence of this Covid-19 pandemic has made many people carefully consider their future career paths. Alongside this, businesses are also reappraising the way ahead, and the they will need forward-thinking finance professionals that can solve the challenges of the future. The ACCA Qualification moves with the times, continually evolving it so it’s relevant for tomorrow’s world. And we’re reimagining accountancy for the digital age, so that the roles of the future are more interesting, more meaningful and more valuable than ever.’

MOL Pakistan initiates apprenticeship program for the graduates and technical diploma holders

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ISLAMABAD: MOL Pakistan Oil and Gas Company B.V. has launched an apprenticeship programme for the youth of its operational areas, with a focus on district Hangu for the year 2020/21. Through this programme 20 individuals, fresh university graduates and technical diploma holders with minimum years of experience, will be provided with on-the-job learning and development opportunities along with appropriate remuneration.

The program will help provide focused and skill based training to the locals of the area to grow further in their fields. The selection shall be based on technical and non-technical fields purely on merit basis through a pre-defined criteria as per the company policy. The program shall be advertised in the local newspapers in order to provide equal opportunities and selection on merit basis only. It is a step in a new direction, providing an innovative approach in developing practical solutions for the betterment of the local communities.

MOL Pakistan has been actively involved in the improvement of the standard of living of communities affected by its operations, providing economic advancement in the area through numerous initiatives. The company provides tailor-made support schemes to the local communities. Protecting the environment, contributing to the economic well-being of the local communities, education and healthcare-related programs are the core of MOL Pakistan’s social investment strategy. A significant amount has been disbursed as part of its social welfare programs and CSR initiatives in the country.

At the occasion, the Parliamentary Secretary, Ministry of Energy Petroleum Division, Khayal Zaman said, “I am very happy that MOL Pakistan is providing an opportunity for our local youth. This is indeed the best way to ensure appropriate training, improving the economic situation and creating better opportunities for our people.”

The MOL Group Regional Vice President for Middle East, Africa and Pakistan, Ali Murtaza Abbas commented, “MOL Group has always ensured the uplift of its communities in areas that it operates in. We are very happy to announce this apprenticeship program and hope that it provides further skills to our youth and enabling them to secure a better future for themselves. This is an innovative approach being used for the first time by the company and we see it as a continuous effort for the future betterment of the local communities”.

Jubilee Life and Bank of Azad Jammu & Kashmir sign Bancassurance Agreement

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IslamabadSeptember 09, 2020: Bank of Azad Jammu & Kashmir (BAJK) and Jubilee Life Insurance Company Limited have recently entered into a distribution alliance for Jubilee Life’s insurance products in order to augment the accessibility of insurance products and capitalize on the significance of financial inclusion. The signing ceremony was held at a hotel in Islamabad.

 

The consumers would benefit from innovative products as it renders financial security and financial well-being. Syed Rizwan Aziez, Head of Bancassurance, Jubilee Life Insurance, Mr. Khawar Saeed, President and CEO, Bank of Azad Jammu & Kashmir along with other senior executives and representatives of the company attended the signing ceremony.

 

Speaking at the occasion, Syed Rizwan Aziez, Head of Bancassurance, Jubilee Life Insurance said, “This Bancassurance ceremony would enhance strategic penetration of insurance products and subsequently also provide an opportunity to expand our product portfolio. We aim to complement existing bank products and also gain a foothold in potential markets. Bancassurance is ideal for the distribution of mass-market products and extend products to the clients as per their needs and values. This integration would also help in improving market presence and maximizing synergies”.

 

Taking the opportunity, President and CEO of Bank of Azad Jammu & Kashmir Mr. Khawar Saeed emphasized on the importance of Bancassurance as a prominent step to serve the financial needs of its customers. He said, “Collaborating with Jubilee Life Insurance Company Limited is another step towards the expansion of our product portfolio, enhancement of our customer retention and integration of financial services tailored to the clientele’s needs. Furthermore, it will help in increasing value to our customers’ wealth management solutions and improve customer relations”.

PTCL hosts Federal Minister & Secretary MoITT for tree plantation drive

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Islamabad: Syed Amin Ul Haque, Federal Minister for Information Technology & Telecommunication (MoITT), along with Shoaib Ahmad Siddiqui, Federal Secretary for Ministry of Information Technology & Telecommunication visited PTCL HQ in Islamabad where they participated in a tree plantation activity to endorse Prime Minister Imran Khan’s 10 Billion tree plantation tsunami drive. 

Along with that, they also had a presentation and meeting on PTCL progress and development with Rashid Khan, President & CEO, PTCL and top management. All participants followed the safety guidelines and kept social distancing throughout the activity.  

On this occasion, Syed Amin Ul Haque, Federal Minister for Information Technology & Telecommunication said, “We are glad to see PTCL playing a key role in providing connectivity across the country and is paving the way towards a Digital Pakistan. Being a national company, PTCL is also contributing to environmental preservation that is line with the Prime Minister’s vision of a clean and green Pakistan.”

Talking at the ceremony, Shoaib Ahmad Siddiqui, Secretary IT & Telecom and Chairman Board of Director, PTCL, said, “It is an honor to be here at PTCL to create awareness regarding low forest cover and pollution in the country. He further said, I am proud that the national carrier is taking a special interest in Prime Minister’s vision for a Digital Pakistan to ensure country’s economic growth and support the tree plantation tsunami movement for a green Pakistan.”

Speaking at the event, Rashid Khan, President & CEO, PTCL, said, “We are honored to have the Federal Minister and Secretary visit PTCL HQ and take part in our plantation drive. PTCL is a great supporter of Prime Minister’s 10 Billion tree plantation tsunami movement that will help in mitigating the effects of global warming and increase forest cover throughout Pakistan.”

PTCL has always participated actively in climate and environment related initiatives and its HQ is amongst the few Green Offices certified by WWF in Pakistan. 

Federal Minister for Energy Briefed on Energy Audits of Gas-based Captive Power Plants

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Federal Minister for Energy Mr. Omar Ayub Khan was apprised by the Managing Director of the National Energy Efficiency and Conservation (NEECA) on the mandate of NEECA to conduct energy audits of Gas-based Captive Power Plants (CPPs) in light of the CCoE decision. MD NEECA presented the major findings of the baseline assessment of 1141 gas based captive power plants. The analysis based on GIS mapping of the active CPPs presented coupled with different industrial setups like food processing, cement, chemicals, pulp and paper, glass and textile and several others with spatial distribution at district level. It was informed that Strategic & Technical Working Groups were constituted with members from SNGPL, SSGC and NEECA. Further, a three members Consultant Selection Committee (CSC) was constituted to evaluate the proposals submitted in response to the RFP advertisement. MD NEECA informed that NEECA was able to secure technical assistance from donor and technical consultants shall be taken on board for conduct of energy audits of captive power plants along with auditing/engineering firms.

Federal Minister appreciated the evidence based approach adopted by NEECA to execute the Energy Audits of Captive Power Plants and showed satisfaction with the progress made so far. The Federal Minister was apprised about the challenges faced by NEECA with regard to monetary compensation for Energy Audit Firms and proposed mechanism to address these challenges. Federal Minister agreed with this proposal and advised MD NEECA to launch the programme as soon as possible and publish a press release to notify all the stakeholders. 

The discussion remained focused on the overall gas saving potential through these measures. The demand for gas and electricity for these sectors in winter season was also deliberated. The significance of these energy efficiency interventions and its impacts on energy sector were appreciated.

FBR Uploads Income Tax Returns Forms for Tax Year-2020

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Federal Board of Revenue (FBR) has uploaded the Income Tax Returns Forms for Tax Year-2020. FBR has further simplified the Income Tax Returns for salaried class and small retailers. The small retailers having turn over up to 10 million will now file simplified one pager Income Tax Returns for Tax Year-2020. The Income Tax Returns can be filed through web portal and Tax Aasaan application.

This was announced in a press conference by Spokesperson FBR Syed Nadeem Hussain Rizvi, Member IR Policy Ch. Muhammad Tarique and Member IT Asim Ahmed here at FBR HQ. It was also informed that wealth statement form had also been further simplified and any ambiguity or confusion being faced by the filers had been removed in the Tax Returns Forms for Tax Year-2020. Moreover, the taxpayers are provided guidance on filling all the required particulars. “It is like a guided tour,” said Member IR Policy Ch. Muhammad Tarique.

The Income Tax Returns can be filed online through smart phones by installing the Tax Aasaan application from Google play store. The FBR officers also informed that a media campaign would also be launched for awareness and education purposes. The video tutorial on filing Income Tax Returns has been uploaded on the official website.

FBR has set up Facilitative Desks at all field formations throughout the country to provide assistance to the taxpayers in filing Income Tax Returns. FBR has upgraded its system which will not allow the choking of the system in the last days of Tax Returns filing. The taxpayers can file their Income Tax Returns till 30th September, 2020.

Experts term public private stakeholders’ cooperation critical to mitigate Covid19 impacts

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Islamabad: Public and private stakeholders need to work together to mitigate the socio-economic impacts of Covid19. The experts from diverse backgrounds, said this while sharing their views at virtual public private dialogue ‘Analyzing Government Response to the Covid19 Pandemic’ organized by the Sustainable Development Policy Institute (SDPI), here on Wednesday.

The dialogue was held in collaboration with the Growth for Rural Advancement and Sustainable Progress project (GRASP), funded by the European Union and implemented by the International Trade Centre (ITC), and it was aimed to analyze the regulatory and institutional response by the federal and provincial governments of Balochistan and Sindh during Covid19, and to help augment emergency response to revive the rural economy in the two provinces.

The findings of the research on regulatory and institutional response of Balochistan and Sindh during Covid19, were also shared on the occasion with key stakeholders and policy makers. The event brought together key influencers and policy makers, who participated in a meaningful debate on the institutional, regulatory, and government response in the wake of pandemic, and how the rural economy could be assisted to recover from its adverse effects.

Speaking at the event, Ovidiu Mic, Head of the EU’s Development Cooperation in Pakistan said, “Research and discussions such as these are at the heart of GRASP in order to come up with more inclusive solutions to policy issues. Countering an unprecedented situation, such as Covid19, requires public and private stakeholders to work together to align development efforts and emergency response strategies to mitigate the socio-economic impact of the pandemic. There is a particular need to support SME’s which are critical for economic growth, particularly in these challenging times.”

Dr Vaqar Ahmed, Joint Executive Director SDPI, while presenting the findings of the study to the participants, stated that through better utilization of provincial budgets already allocated for Covid19 response, targeting micro and small farms in both formal and informal sector, inclusion of informal agri-businesses in social protection databases, effective interventions could be implemented during future Covid19 rounds.

Robert Skidmore, Chief of Sector and Enterprise Development at the International Trade Centre in Geneva said, ‘’Increasing connectivity, improving primary data collection in rural areas, fine-tuning communication and coordination between all stakeholders in the field and  addressing the differential impacts on women were some of the areas that both the public and private sectors can focus on together.”

It’s worth mentioning here that GRASP has been adapted in response to the pandemic, and a Covid-19 emergency response work plan is being implemented. Through impact surveys, awareness campaigns, and policy dialogues the project has been working to improve MSME’s in Balochistan and Sindh.

GRASP Coordinator Azher Ali Choudry thanked the government officials and private sector representatives for their inputs, and concluded the event by stating, “Financing needs of the agriculture sector need to be assessed and expedited, and GRASP will continue its work to uplift small and medium enterprise in Sindh and Balochistan through work on the ground, and policy recommendations