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ICCI to foster business growth, job creation: President ICCI – Pakistan Observer

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Nasir Mansoor Qureshi, President Islamabad Chamber of Commerce and Industry (ICCI) has reaffirmed the organization’s commitment to supporting the business community, the backbone of Pakistan’s economy, adding that under his leadership, the ICCI aims to facilitate ease of doing business by resolving existing problems and paving the way for progress and prosperity of the country.

He said this in his address to a huge delegation of business leaders hailing from Blue Area who visited the Chamber under the leadership of their President Raja Hassan and Chairman Yousuf Rajput to felicitate him, Senior Vice President Abdul Rehman Siddiqui and Vice President Nasir Mehmood Chaudhry.

Qureshi, emphasized the importance of creating a favorable business environment, crucial for Pakistan’s economic prosperity and international reputation. To achieve this, he outlined key objectives, including providing equal support to all members, fostering teamwork, maintaining confidentiality, and striving for excellence. He went on to say that pharmaceutical, IT, construction and real estate sectors are aligned with Pakistan’s vision to boost exports, create jobs, and drive economic progress.

The President said that he is on a mission to transform the Islamabad Chamber of Commerce and Industry (ICCI) into a powerhouse that drives business growth and job creation in the community. He is committed to fostering industry-academia linkages, promoting entrepreneurship and startups, and opening up new business opportunities to make the community job providers rather than job seekers. With his determination and vision, the ICCI is likely to become a catalyst for economic growth and development in Pakistan, he added.

In his address Yousuf Rajput while congratulating the new leadership pledged his and his fellow business leaders’ full support to the Founder Group in future also and highlighted the crucial challenges the community is facing and underlined the need for their redressal on urgent basis.

Raja Hassan Akhtar said that we have to take revolutionary steps, change our thinking for the greater benefit of the local business community. Senior Vice President Abdul Rehman Siddiqui assured the attendees that their elected representatives will leave no stone unturned in raising their problems at the relevant forums for the quick resolution.—NNI

Pakistan

Techsol Solution Private Ltd. hosts a corporate event in Karachi – Pakistan Observer

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Techsol Solution Private Limited hosted a corporate event at Karachi Golf Club in collaboration with Sang for Pakistan on the other day. The event was attended by CIOs, CTOs, and IT Heads from leading banks, FMCGs, the automotive and manufacturing industries, and the Higher Education Commission (HEC).

The event began with a recitation of the Quran by Mr. Faisal Ghauri, followed by a welcome address from Mr. Ibrahim Arshad, Managing Director and Mr Irfan Ahmed General Manager of Techsol Solution Private Limited.

Both highlighted the current IT challenges faced by the local market and how the partnership between Techsol Solution and Sangfor is addressing these issues. Mr. Arshad also expressed gratitude to Mr. Adnan Siddiqui, Sangfor’s Country Manager for Pakistan, for selecting Techsol Solution as a strategic partner.

Mr. Adnan Siddiqui then spoke about Sangfor’s success over the past seven years, emphasizing the milestone of achieving 100+ HCI deployments in Pakistan and the empowerment of local resources.

The event featured two technical presentations on Cloud Computing and Cybersecurity, delivered by Mr. Zeeshan Haider and Mr. Faran Ahmed.

The closing remarks were given by Dr. Shahzad Arshad, Chairman of Techsol Solution Private Limited, who concluded the event with heartfelt prayers for the prosperity of Pakistan and its people

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iPhone 16 Plus PTA approved 0% markup installment plan in Pakistan [October 2024] – Pakistan Observer

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LAHORE – Apple’s recently launched iPhone 16 Plus continues the legacy of innovation as it boasts a range of cutting-edge features with combination of powerful performance.

The iPhone 16 Plus is built for Apple Intelligence and introduces Camera Control, making it even easier to capture memories. It features the 48MP Fusion camera system with powerful upgrades and the Action button to quickly access useful features.

Under the hood, it features iOS 18 chip, which draws on customers’ personal context to give them intelligence that’s most helpful and relevant for them. It delivers lightning-fast performance and improved energy efficiency, making multitasking and demanding applications smoother than ever.

iPhone 16 is built for Apple Intelligence, the personal intelligence system that helps you write, express yourself, and get things done effortlessly. With groundbreaking privacy protections, it gives you peace of mind that no one else can access your data — not even Apple.

iPhone 16 Plus Price in Pak Rupees October 2024

The prices of the iPhone 16 Plus vary due to different storage capacities. According to Bank Alfalah official website, the price of iPhone 16 Plus with 128 GB price stands at Rs434,699. The all-new iPhone 16 Plus with 256GB stands at Rs475,519.

iPhone 16 Plus Installment Plan with Zero Markup

The Bank Alfalah offers installment plans for iPhone 16 Plus variants with zero markup for three and six months duration.

Under three month plan, the monthly installment for iPhone 16 Plus 128 GB will be Rs144,900 while it will be Rs72,450 for six-month plan.

Similarly, the monthly installment for iPhone 16 Plus 256GB stand at Rs158,506 for three-month plan and it will be Rs79,253 for six-month plan.

All the phones being offered by Bank Alfalah are PTA approved.

 

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PSX Weekly Recap: Auto, Banking, and Cement sectors push market to record high – Pakistan Observer

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KARACHI – Pakistan Stock Exchange (PSX) reported a striking week, with flagship KSE-100 Index climbing by 1,951 points to close at 85,483.

This surge marks significant bullish trend as the index fluctuated within a range of 3,147 points throughout the week, reaching a high of 86,451 and a low of 83,303.

Investors were active, trading 2.61 billion shares, resulting in a weekly trading value of Rs148.62 billion. Additionally, the market capitalization saw a substantial increase, rising from Rs277 billion to Rs11.156 billion.

Stats Value
KSE-100 Index Closing 85,483
Weekly surge 1,951 points
Weekly High 86,451
Weekly Low 83,303
Total Shares Traded 2.61 billion shares
Weekly Trading Value Rs148.62 billion
Market Capitalization Rs11.156 billion
Previous Market Capitalization Rs277 billion
Increase in Market Capitalization Rs10.879 billion

On Tuesday, market surged by 686.5 points, achieving a record closing of 85,597 points, an increase of 0.81 percent. Analysts attribute this positive momentum to favorable market sentiment linked to expectations of a potential policy rate cut.

The bullish trend is further supported by an improving macroeconomic outlook and heightened interest in key sectors such as automobiles, cement, commercial banks, fertilizers, and oil companies, boosting overall investor confidence.

PSX closes up as KSE-100 recovers from day-long negative session

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Jordan keen to expand trade ties with Pakistan: Envoy – Pakistan Observer

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Maen Khreasat, Ambassador of Jordan in Islamabad has expressed keen interest to expand bilateral trade cooperation between Pakistan and his country, through enhanced bilateral cooperation across various sectors including tourism, Agricultural, tourism and health services.

He said that Jordan valued its historical and friendly relations with Pakistan and was keen to further enhance its trade ties with it for mutual benefit. The ambassador remarked this while talking to a delegation of Rawalpindi Chamber of Commerce and Industry (RCCI) led by President Usman Shaukat, who called on him on Friday evening.

According to the details, the delegation which included Vice President Fahad Barlas, and EC member Falak Anjum discussed with the ambassador the matters related to bilateral trade, investment opportunities, networking & chamber to chamber connectivity and exchange of trade delegation to explore the potential cooperation between the both countries. RCCI President Usman Shaukat in his remarks reiterated RCCI’s commitment to facilitating joint ventures, promoting bilateral trade, and enhancing investment opportunities.

He highlighted the chamber’s readiness to assist in organizing business forums, exchanging trade delegations, and cultural exchange programs to strengthen bilateral economic ties between the two nations.

He further reiterated that RCCI would work tirelessly to support initiatives aimed at mutual growth and development, ensuring a prosperous partnership between Pakistan and Jordan.—APP

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