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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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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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Punjab taking all possible steps for uplift of livestock sector: Ashiq – Pakistan Observer

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Provincial Minister of Livestock and Agriculture Syed Ashiq Hussain Kirmani chaired a high-level meeting in Livestock Department Lahore, in which Chief Minister Punjab Livestock Card and the progress and timelines of the projects of distribution of animals to widows and divorced women of South Punjab were reviewed. Secretary Livestock Saqib Ali Atteel and President Punjab Bank Zafar Masood also attended the meeting.

Provincial Minister for Livestock and Agriculture Syed Ashiq Hussain Kirmani while addressing the meeting said that Chief Minister Punjab is taking all possible steps for the development of livestock sector, which will usher a new era of prosperity for livestock farmers.

On this occasion, the provincial minister maintained that there is need to ensure the timelines of livestock card and animal distribution projects among women. He endorsed that in this regard, there is need to speed up the advertising campaign through print, electronic and social media.

The Provincial Livestock Minister further added that 40 to 80 thousand farmers will be provided 4.5 billion rupees ,for the first time in history through livestock cards interest-free loan scheme. The limit of credit amount will be between 1 lakh 35 thousand to 2 lakh 70 thousand rupees. The condition of 5 to 10 animals is mandatory. Farmers will not get this money in the form of cash, but they will be able to buy Vanda, Silage and Mineral mixture with that amount.The aim of Livestock Card is to prepare the animals through Fattening for increasing the production of meet and then use it for the exports purpose. Syed Ashiq Hussain Kirmani highlighted that the role of women in the development of the livestock sector is of great importance.Chief Minister Punjab has initiated a scheme of providing 11,000 heifers among the widows and divorced women of South Punjab so they could be able to stand on their feets.That scheme is for the 12 districts of South Punjab. The provincial minister while issuing instructions to the Urban Unit said that they would conduct physical verification of women from the 12 districts of the South Punjab by assigning the duty of an official for one tehsil so that the work of verification of eligible women can be completed as soon as possible.

On this occasion, DG Livestock (Extension) Dr. Muhammad Ashraf told the provincial minister during the briefing that the now number of merchants for livestock card is 936 and 7 merchants per tehsil will perform their services. He said that so far about 27 thousand potential farmers and more than 2 lakh animals been identified for livestock card.

In the meeting, Additional Secretary Livestock Dr. Usman Tahir, Director General (Research) Dr. Sajjad Hussain, DG (Production) Dr. Muhammad Yusuf, Bank of Punjab Group Chief Corporate and Investment Nofal Dawood, PITB, Urban Unit Punjab and representatives of Social Protection Authority also participated.

 

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