Pakistan

International Consortium Led by Authentix, Inc. Finalizes License Agreement to Implement Major Track and Trace System in Pakistan

Retrieved on: 
Wednesday, March 10, 2021

The license agreement covers an initial five (5) year term as well as a three (3) year extension option.

Key Points: 
  • The license agreement covers an initial five (5) year term as well as a three (3) year extension option.
  • The scope of the system is to assist both domestic manufacturers and importers with the capability to apply secure and digitized tax stamps to each product of the above categories distributed in Pakistan.
  • At anticipated industry product volumes, the total contract will cover an expected 6.5 billion consumer products per annum.
  • This illicit trade and lack of proper production reporting causes a massive loss of tax revenue for the Pakistan state budget.

AM Best Affirms Credit Ratings of Adamjee Insurance Company Limited

Retrieved on: 
Friday, March 5, 2021

AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb+ of Adamjee Insurance Company Limited (Adamjee) (Pakistan).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of bb+ of Adamjee Insurance Company Limited (Adamjee) (Pakistan).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper media use of Bests Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Bests Credit Ratings and AM Best Rating Action Press Releases .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Shanghai Electric's Ongoing Corporate Social Responsibility Efforts Receive Award from All-Pakistan Chinese Enterprises' Association

Retrieved on: 
Thursday, March 4, 2021

SHANGHAI, March 4, 2021 /PRNewswire/ -- Shanghai Electric (the "Company") (SEHK: 02727, SSE: 601727), the world's leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has received the Annual Corporate Social Responsibility Award from the Karachi branch of the All-Pakistan Chinese Enterprises' Association (APCEA).

Key Points: 
  • SHANGHAI, March 4, 2021 /PRNewswire/ -- Shanghai Electric (the "Company") (SEHK: 02727, SSE: 601727), the world's leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has received the Annual Corporate Social Responsibility Award from the Karachi branch of the All-Pakistan Chinese Enterprises' Association (APCEA).
  • The award recognizes the Company's contribution to the social development of the region in 2020, and its active commitment to CSR.
  • Shanghai Electric will continue to promote the development of the China-Pakistan Economic Corridor in the future and strive to ensure the smooth construction and operation of the Thar Block-1 Integrated Mining-Power project.
  • Over the past year, Shanghai Electric has made continuous efforts to promote local employment in Sindh Province.

Shanghai Electric's Ongoing Corporate Social Responsibility Efforts Receive Award from All-Pakistan Chinese Enterprises' Association

Retrieved on: 
Thursday, March 4, 2021

SHANGHAI, March 4, 2021 /PRNewswire/ -- Shanghai Electric (the "Company") (SEHK: 02727, SSE: 601727), the world's leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has received the Annual Corporate Social Responsibility Award from the Karachi branch of the All-Pakistan Chinese Enterprises' Association (APCEA).

Key Points: 
  • SHANGHAI, March 4, 2021 /PRNewswire/ -- Shanghai Electric (the "Company") (SEHK: 02727, SSE: 601727), the world's leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has received the Annual Corporate Social Responsibility Award from the Karachi branch of the All-Pakistan Chinese Enterprises' Association (APCEA).
  • The award recognizes the Company's contribution to the social development of the region in 2020, and its active commitment to CSR.
  • Shanghai Electric will continue to promote the development of the China-Pakistan Economic Corridor in the future and strive to ensure the smooth construction and operation of the Thar Block-1 Integrated Mining-Power project.
  • Over the past year, Shanghai Electric has made continuous efforts to promote local employment in Sindh Province.

Honoring Icons: Standard Numismatic Releases Exclusive Collection of Commemorative Coins Featuring Benazir Bhutto

Retrieved on: 
Wednesday, March 3, 2021

Benazir Bhutto, the first woman to head a democratic government in a Muslim majority country, is that icon for Pakistan.

Key Points: 
  • Benazir Bhutto, the first woman to head a democratic government in a Muslim majority country, is that icon for Pakistan.
  • To honor her legacy and celebrate her greatness, Standard Numismatic is proud to announce the release of their exclusive Benazir Bhutto coin collection, made of 999.9% fine gold and 999 fine silver.
  • The collection consists of 20g silver proof coins, 1 Oz, Oz, and Oz gold proof coins that come as standard.
  • The face of these precious coins features Benazir Bhutto, while the reverse side features theState emblem of Pakistan.

SadaPay Partners With IDEMIA to Revolutionize and Expand Digital Payment Services in Pakistan

Retrieved on: 
Thursday, February 18, 2021

As the world goes digital, payment cards are arguably the last physical touch-point between the bank and its customers.

Key Points: 
  • As the world goes digital, payment cards are arguably the last physical touch-point between the bank and its customers.
  • SadaPays approach to financial services is to offer free basic services by bypassing the high costs of physical bank branches and staff.
  • Instead, they will be focusing on solving deep-rooted problems in Pakistans financial services landscape through a seamless and delightful mobile-first experience.
  • During its pilot phase, SadaPay will offer digital payment services such as allowing users to send and receive local transfers via its app, and issue a Mastercard debit card to its customers.

Andersen Global Expands into Pakistan with Tax and Legal Firm

Retrieved on: 
Thursday, February 11, 2021

Andersen Global enters Pakistan through a Collaboration Agreement with tax and legal firm Septentrio Global Consulting (SgC), adding coverage to the organizations global platform in South Asia.

Key Points: 
  • Andersen Global enters Pakistan through a Collaboration Agreement with tax and legal firm Septentrio Global Consulting (SgC), adding coverage to the organizations global platform in South Asia.
  • At the core of our business we are relationship driven and aim to set the standard for tax and legal services in Pakistan, Farrukh said.
  • Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world.
  • Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 7,000 professionals worldwide and a presence in over 247 locations through its member firms and collaborating firms.

Lookout Unmasks State-sponsored Android Spyware Tied to India-Pakistan Conflict

Retrieved on: 
Thursday, February 11, 2021

SAN FRANCISCO, Feb. 11, 2021 /PRNewswire/ -- Lookout, Inc ., the leader in mobile security, today announced the discovery of two novel Android surveillanceware, Hornbill and SunBird.

Key Points: 
  • SAN FRANCISCO, Feb. 11, 2021 /PRNewswire/ -- Lookout, Inc ., the leader in mobile security, today announced the discovery of two novel Android surveillanceware, Hornbill and SunBird.
  • The Lookout Threat Intelligence team believes these campaigns are connected to the Confucius APT, a well-known pro-India state-sponsored advanced persistent threat group.
  • The APT's latest malware, Hornbill, is still actively in use and Lookout researchers have observed new samples as recently as December 2020.
  • To learn more about Hornbill and SunBird, read the Lookout blog or visit Lookout Threat Advisory Services .

Pandemic propels proptech in Asia

Retrieved on: 
Tuesday, February 9, 2021

"Our latest survey results unearth a major shift towards proptech adoption in our region," says Yardi's Regional Director, Bernie Devine.

Key Points: 
  • "Our latest survey results unearth a major shift towards proptech adoption in our region," says Yardi's Regional Director, Bernie Devine.
  • Proptech innovative technology that reimagines property's core processes and business models is turning real estate on its head.
  • Metaprop, one of the world's largest early-stage proptech venture capital firm, predicts that proptech innovation will deliver $205 billion of new value to the global real estate industry over the next five years alone.
  • Today, Yardi employs 7,000-plus dedicated professionals working in more than 40 offices throughout Asia, Australia, North America, Europe and the Middle East.

Pakistan Cement & Concrete Market Analysis Forecast: Attock Cement, Bestway Cement, Cherat Cement, Dandot Cement Dominate - ResearchAndMarkets.com

Retrieved on: 
Monday, February 8, 2021

The "Pakistan - Cement & Concrete - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Pakistan - Cement & Concrete - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
  • The report provides an in-depth analysis of the cement and concrete market in Pakistan.
  • It presents the latest data of the market size, consumption, domestic production, exports, cost dynamics and trends in the industry.
  • You can find here a strategic analysis of key factors influencing the market.