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UIT goes green by moving to environment-friendly solar energy

UIT goes green by moving to environment-friendly solar energy

Staying committed to conserving energy for a better tomorrow, Pakistan’s premium technology institution, Usman Institute of Technology, moved to solar power to effectively meet the institute’s increasing electricity needs. The institute installed 198 solar panels of 320 Watts each in January 2017 as part of its energy conservation drive that started in August 2016.  Producing a total of 60 kW, the installation now meets about 15% of the institute’s total power needs. “Being Pakistan’s leading technology education provider, we at Usman Institute of Technology deem it our responsibility to educate our student, faculty & staff about energy conservation and do what’s right for the environment,” said Mr. Ahson Nasim, Head of HR & Administration, UIT. “This also includes choosing the right sources of electricity; conventional power plants use a lot of non-renewable energy resources produce electrical power. Solar energy systems do not damage the environment in any way, so are good for the future of the planet.” “One of the major advantages of solar energy is the lack of maintenance that is required in the long run,” added Mr. Ahson. “The systems do need slight maintenance every now and then, but in the long run, the costs are minimal. This means that once the initial investment has been made, there is little that the owner of a solar energy system really needs to do.” As part of its energy conservation drive, UIT also replaced normal ACs with inverter ones, reduced the length of air-conditioning pipes, replaced tube lights with LED lights, besides educating students, faculty and staff on turning off all electrical equipment when not in use. Seeing the encouraging results of the initiative, the institute plans to extend solar system installation to meet a larger portion of its power needs and reduce power costs in the coming...

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Huawei 2016 Annual Report: Solid Growth and Sustained Investment in the Future

Huawei released its audited financial results for 2016, reporting that its Carrier, Enterprise, and Consumer business groups (BGs) each achieved solid year-on-year growth. Group annual revenue was CNY521.6 billion (US$75.1 billion), an increase of 32% over 2015. Net profits were CNY37.1 billion (US$5.3 billion), an increase of 0.4%. In 2016, Huawei continued to invest in the future, with the company’s annual spending on research and development reaching CNY76.4 billion (US$11 billion). Eric Xu, Huawei Rotating CEO, remarked, “In 2016, Huawei maintained its strategic focus and achieved solid growth. As humanity continues to explore and make new breakthroughs in the digital world, digitization and increasing intelligence present huge business opportunities for all industries, and are also paving the road for new growth for the ICT industry. We will stay customer-centric and will support digital transformation in all industries, in order to create value for our customers and to grow sustainably.” In 2016, Huawei’s Carrier BG generated CNY290.6 billion (US$41.8 billion) in revenue, an increase of 24% year-on-year. This was achieved by focusing on digital transformation and leveraging major opportunities in cloud, video, the Internet of Things, and operations transformation for carrier customers. Working in close collaboration with its partners, Huawei’s Enterprise BG delivered ICT infrastructure to support the digital transformation of key vertical industries, including finance, energy, government bodies, and public safety. This business generated CNY40.7 billion (US$5.9 billion) in annual revenue, an increase of 47%. Thanks to its increasingly innovative products and growing global recognition as a premium device brand, Huawei’s Consumer BG shipped 139 million smartphones during 2016, and reported CNY179.8 billion (US$25.9 billion) in annual revenue, up 44%. Sabrina Meng, Huawei’s CFO, noted: “Huawei was operationally healthy in 2016, with ample cash reserves, a solid and sustainable capital structure, and high resilience against risk. In 2017, we will continue to boost the efficiency and quality of our operations to ensure solid growth.” Financial statements in the 2016 Annual Report are audited independently by KPMG. To download the 2016 Annual Report, visit: www.huawei.com/en/about-huawei/annual-report/2016 Note 1: All CNY figures in the Annual Report were converted into USD using the closing rate on December 31, 2016: US$1.00 = CNY6.9448. Note 2: Growth rates are calculated based on CNY...

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Telenor Pakistan partners with PLDDB in move to enhance women participation in agriculture sector

Telenor Pakistan partners with PLDDB in move to enhance women participation in agriculture sector

Pakistan’s foremost telecom and digital services provider, Telenor Pakistan, has joined forces with Punjab Livestock & Dairy Development Board (PLDDB) to enhance women participation in agriculture and farming sector. The collaboration will promote awareness on nutrition, dairy, livestock, agriculture and livelihood related issues through Telenor Pakistan’s communication platform in the province of Punjab. Under the agreement, Telenor Pakistan will launch a dedicated IVR helpline on its mobile agriculture service Khushaal Zamindar for female farmers to sensitize them about making smart choices in order to maximize their revenues from agriculture and farming. The free-of-cost service will be initially launched in five districts of Punjab to gauge the impact and will be subsequently extended to other parts of the province. Currently about 20 percent of the 2.5 million Khushaal Zamindar users are females. Telenor and PLDDB aim to ensure further uptake through the females-centric helpline which will provide female farmers localized, contextualized and customized information about livestock, health and nutritional requirements. Through the simple and user-friendly service, the female farmers will just need to dial 7272-51 to access the relevant information, a number where 51 denotes the percentage of women population of the country. In view of multiple social barriers that resist technology uptake for women, Telenor Pakistan and PLDDB will organize multiple female-only live shows to foster awareness about the usefulness of mobile technology vis-a-vis the agricultural growth. Female farmers will be able to call and ask questions to access real-time information from female agriculture experts and nutritionists at the show. “An overwhelming majority of women, about 72 percent, is in one way or the other associated with the agricultural sector whose contributions go unnoticed and unappreciated,” said Irfan Wahab Khan, CEO, Telenor Pakistan. “We are collaborating with PLDDB to empower them so they can play a more significant and impactful role in the larger economy. Telenor Pakistan is expanding its mobile agriculture service Khushaal Zamindar to incorporate a dedicated female farmers helpline which, in its core, is an acknowledgement of the contributions of these brave women who work tirelessly without eying any appreciation. With the help of PLDDB, we will run a mass awareness campaign to enhance their participation in agriculture and farming which will go on to positively impact the country’s economy.” Commenting on the development, Saira Iftikhar, CEO at PLDDB said, “We are thankful to Telenor Pakistan for extending their technical support and expertise to this project which aims at augmenting women participation in Punjab’s agricultural and farming sector. The Government of Pakistan is keen to ensure the role of women in national development, who constitute about 51 percent of the population. PLDDB and Telenor Pakistan will run an awareness campaign focusing...

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Introducing Telenor Microfinance Bank formerly Tameer Microfinance Bank

Introducing Telenor Microfinance Bank formerly Tameer Microfinance Bank

After about a year of its 100% acquisition by the Telenor Group, Tameer Microfinance Bank has been re-branded as Telenor Microfinance Bank. The Bank, established in 2005, is best known for its joint venture with Telenor Pakistan for the launch of Pakistan’s first and now the largest branchless banking service Easypaisa, in 2009. Mr. Ali Riaz Chaudhry, President & CEO of the bank, announced the new corporate identity at a media briefing. He added, “Our new name represents a significant foreign direct investment in Pakistan’s banking sector. We are proud of pioneering the journey of innovating financial services ecosystem in Pakistan, which started with the launch of Easypaisa – our mobile banking platform and a catalyst of future banking. As we continue to grow, we remain committed to empowering the undeserved people of Pakistan through convenient, affordable and secure digital financial services.” Speaking at the event, the Executive Director of the State Bank of Pakistan, Mr. Syed Samar Hasnain, said, “I congratulate Telenor Microfinance Bank on its successful transition and appreciate its lead in providing digital financial services to millions of Pakistanis. I am positive that the Bank, with a mobile banking platform like Easypaisa, will continue to promote financial inclusion in the country. The State Bank of Pakistan will continue supporting initiatives aimed at providing financial services to the segments still excluded from the mainstream financial system.” The management of Telenor Microfinance Bank remains the same, and all future business activities will be conducted under the new...

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Here’s our wishlist for the YayVo Tech Sale. #UpgradingPakistan one gadget at a time

Here’s our wishlist for the YayVo Tech Sale. #UpgradingPakistan one gadget at a time

One of Pakistan’s e-commerce giants Yayvo by TCS is having a massive tech sale during Pakistan’s Republic Day this year with discounts ranging upto 70% in affiliation with easypay. It proves how fast the tech world has evolved over the years. Our interest being mainly on the gadgets and gizmos that are made available for sale at amazing discounted prices has been an added intensive to fill our shopping carts and get some of the stuff that we had saved in our wish list. The one area which usually draws a lot of attention during these mega online sales are the awesome deals on gaming consoles and accessories and being an avid gamer myself, golden chances like these are never to be missed out on. Keeping that in mind, and also considering the fact that Sony finally decided to bring the much awaited feature in its flagship console, the ability to connect an external storage drive as part of the latest 4.5 software update along with a host of other cool features, we have decided to do a bit of console related shopping. So the first things on my wishlist is to get a portable 2TB HDD along with an additional controller, the Sony Playstation Bluetooth headsest, the Playstation VR and a few games. Check out my wishlist below ( I hope I haven’t forgotten anything that I would regret not getting later on :p ) The reason why more and more people are being inclined towards the gaming industry especially when it comes to online gaming in a developing country like Pakistan is mainly due to the fact that most resources are now readily and easily available. With some of the major advancements in internet connectivity and the widespread adaptation of 4G WiFi connectivity, the gaming industry has attracted a major fan following since the last few years and is continuing in doing so. With initiatives like the #YayVoTechSale, the E-Commerce giants have given a massive opportunity for not just its retail partners but also to its valid customers in making the most of these amazing slashed down prices. The sale is already underway as we speak and will remain till the 26th of March, 2017. Yayvo have also added an extra incentive for purchases made using Telenor’s Easypay which gives a further 20% discount on your purchases during this mega tech sale. So what are you guys waiting for ? Get ready to play your part in #UpgradingPakistan this Republics Day. Simply head over to yayvo.com and be a part of this massive Pakistan Day Tech Sale brought exclusively to you by YayVo by TCS. Keep up the great work you guys !!...

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Bank Alfalah Clinches Coveted ‘IFM Award’ for its Best in Class Credit Cards Service

Bank Alfalah Clinches Coveted ‘IFM Award’ for its Best in Class Credit Cards Service

Pakistan’s leading banking institution, Bank Alfalah, has bagged the International Finance Magazine Award in ‘Best Credit Card Offering’ category at IFM Awards organized by International Finance Magazine in Singapore for recognizing best-in-class banks and financial institutions. Bank Alfalah is the only bank in Pakistan to have achieved the prestigious IFM Award. The award was presented after thorough evaluation of Bank Alfalah’s credit card service. The service was recognized for its unprecedented innovation, loyalty programs, customer service and number of credit card offered. Bank Alfalah is the largest issuer and acquirer of credit cards in Pakistan. It has introduced the “free forever” credit card in the industry and established exciting and beneficial partner alliances. The Bank aims at enhancing the card value proposition to cater to the evolving transactional and credit needs of our customers. Expressing his excitement over the win, Mr. Atif Bajwa, President and Chief Executive Officer, Bank Alfalah, said, “Bank Alfalah is one of the leading consumer banks of Pakistan and continues its strive to offer the best in value to customers. It’s a privilege to receive the award and I congratulate the team which has worked hard to bring this accolade home. It has strengthened our resolve to continue to innovate in order to introduce and dispense best in classes services to our customers.” Bank Alfalah has been facilitating innovation to introduce a range of digital products and services to promote financial inclusion in the country. The bank, being the leader in financial innovation in the banking industry, has been forging liaisons with businesses and services sector to bring about a greater accessibility and power. A host of ground-breaking initiatives and customer-centric banking culture have won the bank an expansive satisfied customer base, elevating BAFL to the rank of the most preferred banks in...

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