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Pak-Qatar Asset Management Company Limited announces dividend of PKR 1.4074 per unit for its Pak-Qatar Monthly Income Plan

By
Web Desk
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QAMC’s position as a real emerging force in Pakistan’s asset management industry, highlighting the company’s operational excellence.

Karachi: 30th April, 2024 – Pak-Qatar Asset Management Company Limited (PQAMC) is a leading pure Islamic asset management company in Pakistan, and part of Pak-Qatar Group, which is Pakistan’s pioneer and premier Islamic financial services group. PQAMC has recently announced the monthly dividend of Pak-Qatar Monthly Income Plan (PQMIP) under PQAMC’s Shariah-Compliant Income Fund. The plan is also amongst the highest return paying plan in the category.

As per the PQAMC Website, PQMIP announced dividend is PKR 1.4074 per unit for the month of April’24 taking cumulative payout to PKR16.7996 per unit with an annualized return of 22.29% YTD earned as on April 26, 2024. PQAMC is rated AM2 with ‘Stable Outlook’ by PACRA – the internationally acclaimed rating agency. The PQMIP plan is also rated A+ with a ‘Stable Outlook’ by PACRA.

The Chief Executive Officer of Pak-Qatar Asset Management Company Limited – Mr. Farhan Shaukat has approved the distributions of dividends for the month of April 2024, under the authority delegated to him by the Board of Directors.

Mr. Farhan further stated that: “The above entitlement will be distributed to the unit-holders, whose names appear in the register of unit-holders at the close of business on April 25, 2024. This reflects PQMIP’s strong and consistent performance and our commitment to our Participants of PQMIP”

Pak-Qatar Group has a vision to add value to the economy of Pakistan by making valuable investments and creating innovative and Halal financial ventures and services for sustainable growth.

The stakeholders can also review the performance of Pak-Qatar Monthly Income Plan on the website of the Mutual Funds Association of Pakistan (MUFAP) – the trade body for Pakistan’s multi billion rupees asset management industry.

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About Pak-Qatar Group:
Pak-Qatar Group stands as Pakistan’s premier and pioneer Islamic financial services group, offering a comprehensive range of savings and protection solutions that adhere to the principles of Sharia’h-compliant finance. With steadfast commitment to excellence and strong emphasis on Islamic values, the group encompasses companies such as Pak-Qatar Family Takaful Limited, Pak-Qatar General Takaful Limited, Pak-Qatar Investment (Private) Limited and Pak-Qatar Asset Management Company Limited.

For Media Queries:

Syntax Communications

Faisal Mushtaq: 0321-2431568

Sheeraz Mohiuddin: 0333-2235774

Noor Zafar’s Golden Visa Sparks ‘Pink Visa’ Trend On Social Media

By
Sania Saeed
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Noor Zafar's Golden Visa Sparks 'Pink Visa' Trend on Social Media
Noor Zafar's Golden Visa Sparks 'Pink Visa' Trend on Social Media

Pakistani actress Noor Zafar Khan has recently made headlines for being awarded a prestigious golden visa a recognition reserved for individuals who contribute significantly to their respective fields.

However, amidst the celebrations, a social media storm erupted as netizens couldn’t help but notice an amusing coincidence in the photos accompanying the announcement. In the image shared by Noor, the visa card is noticeably pink, coincidentally matching the color of her attire in the picture.

This coincidence sparked a light-hearted controversy among netizens, who humorously dubbed it the “Pink Visa.” The playful banter quickly gained traction on social media platforms, with users sharing memes and witty comments about the serendipitous color coordination. While some found the coincidence amusing and saw it as a moment of light-hearted fun, others expressed mild astonishment at the uncanny alignment of colors. Despite the jesting, Khan’s achievement of receiving a golden visa was not overshadowed.


The golden visa is a symbol of recognition for her contributions to the entertainment industry and serves as a testament to her talent and dedication. In response to the playful controversy, Khan herself took to social media to share her amusement, embracing the “Pink Visa” nickname with good humor.

Her graceful response further endeared her to fans, showcasing her ability to take such situations in stride. Ultimately, while the “Pink Visa” controversy may have been a brief moment of amusement on social media, Khan’s golden visa stands as a significant milestone in her career, marking her as one of Pakistan’s most distinguished talents in the entertainment industry.

As the playful chatter settles, Khan’s fans eagerly await to see what new heights she will reach in her career, adorned with her golden visa and perhaps a hint of pink.

Aroob Jatoi Speaks Out On Viral Deepfake Video

By
Mahnoor Rashid
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Aroob Jatoi, social media presence and wife of a renowned YouTuber Ducky Bhai, has finally spoken up. She took it to platform X, formerly Twitter, and expressed her disgust at the situation at hand. Not long ago, the couple shared a video regarding the matter. They discussed a deep fake AI-generated video of Aroob circling the internet. And that they want to find out who the culprit is. Since then, many have been trying to connect the dots, hoping it leads back to someone. Wishing the 10 lacs offered as a reward go to them.

Aroob and Saad have been married since April 2022. The two have shared their life with their fans on vlogs. Unfortunately, this incident has hurt many hearts, and they haven’t posted since.

Everything Aroob Jatoi Had to Say

Aroob went on Twitter and shared her thoughts on the matter. She stated, “Heartbroken to see how deep fake technology can be weaponized to violate privacy.”

She further continued, “The fact that someone created a fake video of me naked is beyond disturbing. This is a reminder of the dangers of AI misuse.”

“We must urgently address this issue to protect everyone’s safety,” Aroob maintained.

The revelation that this had occurred came after Ducky Bhai uploaded a video on Instagram discussing the matter. Saad shared, in precise detail, how this uploaded video is AI-generated. He even showed the exact time stamps where you can see glitches. Moreover, he commented on how for the entire duration of the video, Aroob has a robotic expression, which is a consequence of AI.

To speed up this entire process of finding out who is guilty of creating and posting this video, Saad has shared an email account where anyone familiar with the culprit can share every shred of evidence they can find. As a reward, they’ll be given 1M rupees.

Stay tuned to Brandsynario for more news and updates.

Aiman Khan Faces Backlash for Allegedly Stealing Priyanka Chopra’s Caption

By
Sania Saeed
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Aiman Khan Faces Backlash for Allegedly Stealing Priyanka Chopra's Caption
Aiman Khan Faces Backlash for Allegedly Stealing Priyanka Chopra's Caption

Pakistani actress Aiman Khan has recently stirred up discussions after posting a picture on her Instagram with a caption strikingly similar to one used by Bollywood star Priyanka Chopra.

The photo shared by Aiman Khan features her in a stylish ensemble, accompanied by a caption that reads, “Life lately.” However, keen-eyed followers were quick to point out the uncanny resemblance to a previous post by Priyanka Chopra, where she had used the exact same caption.

This coincidence has sparked curiosity and speculation among fans, with many questioning whether it was a case of inspiration or something more. While some have dismissed it as a harmless coincidence, others have expressed disappointment, emphasizing the importance of originality in social media content. As the debate continues to unfold online, Aiman Khan has yet to address the similarities between her caption and Priyanka Chopra’s post.

Nonetheless, this incident serves as a reminder of the scrutiny and attention that public figures face on social media platforms, where even the smallest details can become subjects of discussion and debate.

What are your thoughts about this? Let us know in the comments below.

Stay tuned to Brandsynario for the latest news and updates.

Costs Rise As Karachi’s BRT Red Line Hits Roadblocks

By
Usman Kashmirwala
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Source: Times of karachi

Karachi’s long-awaited Bus Rapid Transit (BRT) Red Line project seems to be stuck in a perpetual hold, causing frustration and inconvenience to commuters as costs soar and construction remains at a standstill. With University Road resembling more of a construction site than a thoroughfare, the project’s progress is a sore point for the city’s residents.

CM adresses the issue

Sindh Chief Minister Murad Ali Shah acknowledges the mounting challenges faced by the population due to the project’s delay. However, despite assurances of resolving the bottlenecks, there’s no concrete timeline for resuming the stalled construction.

Karachi BRT Red Line Project Will Boost Pakistan's Transport Sector Sustainably: ADB - Business & Finance - Business Recorder
Source: Business Observer

The BRT Red Line project, a sprawling endeavor encompassing multiple corridors and infrastructure components, was envisioned to revolutionize Karachi’s public transportation. Yet, its implementation has been met by setbacks, including cost overruns, land acquisition hurdles, and bureaucratic tangles.

Former federal minister Aminul Haq highlights the plight of the affected populace, particularly the students of six universities, who endure daily hardships navigating through dug-up roads and dust-laden air. What was envisioned as a solution to Karachi’s transit woes has turned into a source of inconvenience for its residents.

Only 5% completed

Originally slated for completion by 2025, the project has encountered numerous roadblocks along the way. Despite the initial groundwork, construction ground to a halt after a mere five percent completion, citing escalating costs and logistical challenges.

A recent decision to approve a 30 percent cost escalation underscores the financial strain plaguing the project, potentially inflating its budget from Rs79 billion to Rs103 billion. Such ballooning costs raise concerns about fiscal prudence and effective project management.

Dr. Sharoosh Lodi, the vice chancellor of NED University of Engineering and Technology, acknowledges progress in addressing some of the project’s hurdles. However, he cautions that the resumption of work might still be months away, with labor shortages exacerbated by seasonal factors such as Eid festivities.

Red Line BRT: TransKarachi solves bus depot problem - Pakistan Aaj English TV
Source: Aaj Tv

Land Acquisitions 

Land acquisition issues, particularly the reluctance of Rangers to relocate from vital sites, have further complicated matters. While alternative arrangements are being made, bureaucratic inertia continues to impede progress.

With the increase in the price of raw materials such as cement , diesel, steel, the Executive Committee of National Economic Council (ECNEC) has yet agreed to factor them for inflation and provide a fund for the continuation for the project. However there still remains doubts about the red line and its timeline for completion is still as unclear as it was before.

Stay tuned to Brandsynario for the latest news and updates.

Spring Onion Coffee: A New Viral Trend In China

By
Mahnoor Rashid
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coffee w spring onion

Who doesn’t love a good coffee to-go in the morning? Be it the warmest cappuccino, or the sweetest latte, with so many options around it’s hard to hate it. However, this viral new trend in China, serving coffee with onions, will surely bring a frown to your face. After influencers piled up to try out this new creation, the videos finally made their way to us, and it’s safe to say that most of us are disgusted.

But this trend is no surprise. The Chinese cuisine is popular for the weirdest food combinations. Let’s not forget, that this is a country where pebbles and stones are considered a delicacy. That’s right! ROCKS. Stir-fried pebbles are actually one of their common street food meals.

Popular Reaction to Scallions and Coffee

As predicted the majority of the opinions piled under the post aren’t happy ones. Many have shared that this is just another example of the extreme lengths people will go to just to gain some social media buzz. Funny enough, someone stated, can you imagine how your breath will smell after this drink? and it’s true! we don’t want to think about it.

Regardless, many have taken a look at this trend with an open mind, and have considered that it’s best to share their two cents on this after they try it. If not that, many have shared that they’re fond of both coffee and spring onions and this seems like a decent combination that they would love to test.

Stay tuned to Brandsyanrio for more news and updates.

Shan Masood Says ‘No’ to Gambling Company Sponsorship

By
Web Desk
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shan-masood-says-no-to-gambling-company

Pakistan’s Test captain Shan Masood, currently leading Yorkshire in English County cricket, has opted out of promoting an online gambling company, Dafabet.

Despite Yorkshire’s recent partnership agreement with Dafabet, which entails displaying the company’s logo on players’ shirts across all cricket formats, Masood has chosen to abstain from featuring the logo on his shirt collar.

The decision comes amidst growing concerns over the ethical implications of promoting gambling in the sporting arena.

While gambling is legally permitted in countries like England and Australia, Masood’s stance reflects a deeper consideration of the societal impact of endorsing such practices.

Masood’s principled stand echoes sentiments expressed by his fellow cricketers, notably Multan Sultans captain Mohammad Rizwan during the Pakistan Super League (PSL).

Rizwan, too, took a stand against promoting gambling by using stickers to cover the controversial logo of a betting company, signalling a collective effort within the cricketing community to uphold ethical standards.

shan-masood-says-no-to-gambling-company

Notably, Dafabet was involved in Pakistan cricket under the name ‘Dafa News,’ before the country’s government banned surrogate advertising of all betting companies.

Sources reveal that Masood communicated his refusal to promote the betting company to county authorities, and Yorkshire has duly honoured his request.

This gesture underscores the mutual respect between players and cricketing bodies, with the English Cricket Board (ECB) and county teams demonstrating a profound understanding and appreciation for the religious beliefs of non-English players.

Masood’s decision aligns with a broader trend of athletes declining endorsements with alcohol and gambling companies, citing personal convictions and ethical considerations.

Former South African opener Hashim Amla stands out as a prominent figure in this regard, setting a precedent for principled conduct within the sporting fraternity.

Stay tuned to Brandsynario for the latest news and updates.

Why Are Tech Companies Befriending Saudi Arabia?

By
Zayaan Khan
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R&D in Saudia Arabia
Image Source: World Economic Forum

In recent years, Saudi Arabia has emerged as a beacon of technological innovation, attracting the attention of global tech companies and startups alike. The kingdom’s strategic initiatives and investments have positioned it as a burgeoning hub for technology, making it an attractive partner for tech enthusiasts worldwide. Let’s have a closer look as to what does it mean for everyone else.

Vision 2030: A Blueprint for Technological Ambition

At the heart of Saudi Arabia’s tech revolution is Vision 2030, a bold and comprehensive plan to diversify the economy and reduce dependence on oil. This vision places a strong emphasis on technology as a catalyst for development, with substantial investments earmarked for research, development, and innovation. By committing to invest 2.5% of its GDP into the tech sector by 2040, Saudi Arabia is laying the groundwork for a high-tech future.

Vision 2030
Image Source: Modern Diplomacy

Saudi Arabia has been hosting high-profile tech conferences, such as LEAP, which have become platforms for announcing massive tech investments. LEAP 2024 alone unveiled almost $13 billion in tech investments! This in-turn signals the kingdom’s commitment to becoming a digital powerhouse. These conferences serve as fertile ground for networking, collaboration, and the exchange of ideas, further solidifying Saudi Arabia’s position in the global tech arena.

A $40 Billion Game Changer

Saudi Arabia’s Public Investment Fund (PIF) has announced an unprecedented $40 billion investment fund dedicated to artificial intelligence (AI). This aims to position the kingdom as a key player in the global tech landscape. This massive AI fund is set to disrupt the industry, attract top talent, and foster innovation, aligning with the strategic goals of Vision 2030.

Leap Tech Conference Saudia
Image Source: ArabNews

Why Tech Companies Are Flocking To Saudi Arabia?

Several factors contribute to the tech world’s growing interest in Saudi Arabia:

  1. Strategic Location: Situated at the crossroads of important trade routes, the kingdom offers access to key markets.
  2. Economic Stability: With a strong economy, Saudi Arabia provides a secure environment for investments.
  3. Government Support: The government’s proactive approach in supporting tech initiatives offers a favorable climate for growth.
  4. Talent Pool: With significant investments in education and training, Saudi Arabia is nurturing a skilled workforce adept in tech.
Accenture Event Saudia
Image Source: Accenture

For Pakistan, Saudi Arabia’s tech ascension presents numerous opportunities. Pakistani tech companies can benefit from partnerships, knowledge transfer, and access to a wider market. Additionally, Saudi investment in Pakistani startups could spur innovation and growth within the local tech ecosystem.

Saudi Arabia and its tech transformation is not just reshaping its own economy; it’s influencing the global tech narrative. With its strategic investments and Vision 2030, the kingdom is poised to become a world leader in technology. Offering a wealth of opportunities for collaboration and innovation.

Stay tuned for more tech news like this; this is your soon-to-be favorite friendly neighborhood techie, Zayaan, Signing Off!

KIA’s Price Slash Shakes Up Pakistani Auto Market

By
Zayaan Khan
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KIA Stonic In Pakistan
Image Source: KIA Motors

The automotive landscape in Pakistan is witnessing a historic moment as KIA, the dynamic South Korean automaker, announces a massive price reduction on its vehicles, shaking up the market long dominated by the ‘Big Three’—Toyota, Suzuki, and Honda. Let’s dive into the latest updates we know so far about KIA’s price slash.

KIA’s Presence In Pakistan

KIA entered the Pakistani market with a vision to offer innovative and quality vehicles. Over the years, KIA has established a strong presence, earning the trust of Pakistani consumers with models that blend style, technology, and performance.

KIA’s consistent growth and commitment to excellence have enabled it to break the monopoly of the ‘Big Three’, paving the way for other global players like HAVAL, Peugeot, MG, and Changan to explore the burgeoning Pakistani market.

Celebrating An Anniversary in Style!

KIA Slashes Prices
Image Source: KIA Facebook

Marking its fifth anniversary of Completely Knocked Down (CKD) operations, Lucky Motors Corporation (LMC) has taken a bold step by slashing prices, with the KIA Stonic EX+ seeing a remarkable reduction of Rs. 1.5 million!

The KIA Stonic EX+, previously priced at Rs. 6,280,000, now stands at an enticing Rs. 4,767,000. This significant price drop is set to captivate potential buyers and revitalize the automotive sector. The KIA Stonic EX+ is a testament to KIA’s innovation, offering a blend of comfort, safety, and advanced features. With its competitive new pricing, it stands as a formidable contender in the market.

The price cut positions the Stonic EX+ as a direct rival to the Suzuki Swift, offering superior features and value for money. This move will surely divert a significant portion of the market towards KIA.

PEUGEOT Response To Price Cut

In reaction to KIA’s pricing strategy, PEUGEOT has announced its own price reductions ranging from Rs. 350,000 to Rs. 500,000, further intensifying the competition. They too are apparently celebrating their 5 year anniversary since their inception in Pakistan.

PEUGEOT Price Slash
Image Source: PakTrack

This price war signifies a shift towards more competitive pricing and could lead to improved quality and choices for consumers, ultimately benefiting the entire automotive ecosystem in Pakistan. People are absolutely thrilled with all the price slashes taking place currently.

KIA’s price slash is more than just a marketing move; it’s a catalyst for change in Pakistan’s auto industry, promising a future where quality vehicles are accessible to a broader audience. Hopefully more companies will follow suite and soon we’ll have more access to vehicle options within our budgets.

Stay tuned for more automotive updates like these; this is your soon-to-be favorite friendly neighborhood gearhead Zayaan, Signing Off!

Babar Azam, Mohammad Rizwan Should Open in T20 World Cup: Ramiz Raja

By
Huzaifa Gaba
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ramiz-raja-furious-central-contract-demotion-of-babar-rizwan

Ramiz Raja, a former Pakistan cricketer turned commentator, recently suggested reverting to the opening pair of Babar Azam and Mohammad Rizwan for the upcoming T20 World Cup 2024.

Raja’s analysis comes on the heels of Pakistan’s drawn T20I series against New Zealand, where the team faced uncertainties, particularly in the opening position.

In a candid discussion on his YouTube channel, Raja dissected Pakistan’s performance against New Zealand, focusing on the team’s struggles to establish a stable opening partnership.

He highlighted the challenges faced by newcomer Saim Ayub, emphasizing the need for consistency and experience at the top of the order.

“Our opening pair is unsettled, he [Saim Ayub] plays with his technique in the first two matches, then if he flops he tries to change his technique in the third match which makes things even tougher for him,” said Raja.

babar-azam-backs-saim-ayub-usman-khan-despite-failures
Source: Cricinfo

Raja’s observations shed light on the intricacies of adjusting techniques under pressure, a sentiment echoed by many cricket pundits.

“He will get more confidence with more success he achieves. Babar was like that in the initial years, he had the talent but he lacked confidence and experience.

With consistent opportunities but modest returns, Saim Ayub has faced criticism lately, having scored 219 runs in 15 innings at an average of 14.60 and a strike rate of 125.86.

“Pakistan should open with Babar and Rizwan. I feel that it is their best chance. My suggestion is that the Pakistan team should use the talent that they currently have in the best possible way.

The recommendation to reinstate Babar Azam and Mohammad Rizwan as Pakistan’s opening duo carries weight, given their track record and synergy on the field.

babar-azam-against-management-for-rizwan-batting-position
Source: Cricinfo

“Put the combination that gives you partnership, and takes the match to an end. Babar and Rizwan opening is a safe option it is a tried and tested combination,” he concluded.

By advocating for a tried and tested combination, he aimed to instill stability and momentum at the onset of Pakistan’s innings, crucial for setting the tone in high-stakes encounters.

It is pertinent to mention that Babar Azam and Mohammad Rizwan are the most prolific opening pair in Pakistan’s T20I history.

Their blistering performance against India in the T20 World Cup 2021 remains etched in memory, marking Pakistan’s maiden victory over India in a World Cup game in any format.

babar-azam-rizwan-open-in-t20-world-cup-ramiz-raja
Source: Cricinfo

As the countdown to the mega event begins, discussions around team compositions and strategies intensify, with Ramiz’s insights adding an intriguing dimension to Pakistan’s campaign.

Stay tuned to Brandsynario for the latest news and updates.

PCB Unveils Host Venues For ICC Champions Trophy 2025

By
Web Desk
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icc-champions-trophy-tour-in-pakistan-november-16-champions-trophy-rumors-south-africa-move-are-rumors- india-refuse-pakistan-visit-will-champions-trophy-go-hybrid-champions-trophy-2025-icc-bcci-pcb-rashid-latif
Source: ICC

The Pakistan Cricket Board (PCB) has revealed the initial draft schedule along with host venues for the highly anticipated ICC Champions Trophy 2025.

The tournament, slated to be held in mid-February next year, marks a significant milestone as it will be the first ICC event hosted by Pakistan in nearly three decades. Pakistan last hosted an ICC event in 1996, when they were joint-hosts for the World Cup.

Lahore, Karachi, and Rawalpindi have been handpicked as the venues for the prestigious event. The decision comes after meticulous inspections conducted by an ICC delegation.

Focus on Venue Upgrades for Champions Trophy 2025

With the tournament expected to span over two weeks, efforts are underway to finalize the exact dates, pending further revisions by the ICC.

All matches, including those featuring arch-rivals India, are slated to take place in the cities mentioned above in Pakistan. However, India’s participation is subjected to political considerations and government approvals.

PCB chairman Mohsin Naqvi reiterated the board’s dedication to hosting a successful tournament, despite potential challenges stemming from diplomatic tensions.

mohsin-naqvi-set-to-leave-pcb-chairmanship

“We’ve sent the schedule for the matches in Pakistan for the ICC Champions Trophy. We’re continuously in touch with the ICC. We are trying to ensure we host a very good tournament in Pakistan,” PCB chairman Mohsin Naqvi said.

Acknowledging the pivotal role of venue infrastructure, Naqvi highlighted ongoing renovation projects aimed at enhancing stadium facilities across Pakistan.

“The stadium upgrading work is going on rapidly. Yes, there have been some delays but we are determined to get it done as soon as possible,” Naqvi said.

Rapid Progress Amidst Stadium Upgrades

While admitting minor delays in the renovation timeline, Naqvi assured stakeholders of the PCB’s unwavering commitment to completing the upgrades in a timely manner.

“We have a three-member committee that is exclusively working on that. There is a director infrastructure, director international cricket and the remaining is director domestic cricket,” Naqvi added.

National Stadium
Source: NewsOne

International companies specializing in stadium renovations are set to visit Pakistan, collaborating with local consultants to expedite the process.

“On May 7, we have an international bid where top international companies who have expertise in upgrading stadiums will visit us.

“They will help us in designing and then we will collaborate with local consultants and try to get it done within four to five months.”

Anticipation Builds for Cricket Fans

The return of the ICC Champions Trophy after an eight-year hiatus has sparked excitement among cricket enthusiasts worldwide. Notably, Pakistan will enter the event as defending champions, having won the 2017 edition under Sarfaraz Ahmed.

psl-likely-to-clash-with-ipl-in-2025
Source: Cricinfo

As preparations gain momentum, the lineup for the ICC Champions Trophy promises thrilling clashes between cricketing giants.

Alongside hosts Pakistan, powerhouse teams including India, South Africa, Australia, New Zealand, Afghanistan, England, and Bangladesh are set to vie for glory on the global stage.

Stay tuned to Brandsynario for the latest news and updates.

Pakistan To Manufacture Chip Wafers from Thar Desert Sand

By
Usman Kashmirwala
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Source: The International

Pakistan’s ambitious project into chip wafer production, in the expanse of the Thar Desert, starts a new chapter in the nation’s technological portfolio. Lead by the Department of Information Technology (IT) Sindh. The ‘Chip Wafer Foundry’ project promises to revolutionize Pakistan’s role in the global digital market.

Leveraging Abundant Resources for Global Demands

The initiation of preliminary paperwork and subsequent submission to relevant ministries highlights the government’s commitment to fostering innovation and capitalizing on abundant resources. With experts identifying the potential of sand as a raw material for chip manufacturing. Pakistan stands in line to meet the rising demands of the digital era.

Thar sand is most suitable for making computer chips
Source: Samaa Tv

Acknowledging the pivotal role of coal, sand, water, and electricity in chip production.  The Thar Desert emerges as an ideal location for the envisioned Chip Wafer Foundry. Despite the absence of indigenous chipmaking technology, experts remain positive about Pakistan’s capacity to emerge as a key player in chip wafer production.

Sustainable Power Generation

Financed through the China-Pakistan Economic Corridor (CPEC), the estimated $450 million project represents a significant investment in Pakistan’s technological infrastructure. The district of Islam Kot in Tharparkar has been marked as the epicenter of this groundbreaking initiative, with 150 acres of land designated for the project’s development. Additionally, the project is set to meet its electricity demand of 250 megawatts from Thar itself, further highlighting its sustainability and self-sufficiency.

Thar Desert
Source: Arab News

Beyond bolstering Pakistan’s foreign reserves, the Chip Wafer Foundry project holds the promise of opening new avenues for export in the field of chip wafer production. This strategic move not only enhances Pakistan’s economic resilience but also positions the country as a key player in the global technology landscape.

The start of the Chip Wafer Foundry project signifies a watershed moment for Pakistan’s technological trajectory. By utlising its natural resources and fostering innovation.  Pakistan aims to carve a niche for itself in the competitive arena of chip manufacturing. As the project gains momentum, it gives hope for a brighter future for Pakistan’s economy and its role in shaping the digital world.

Stay tuned to Brandsynario for the latest news and updates.

Pakistan Nears $1.1B IMF Disbursement Approval

By
Usman Kashmirwala
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Source: The Nation

The anticipated approval of the final assistance of $1.1 billion by the International Monetary Fund’s (IMF) executive board marks a significant milestone in Pakistan’s economic journey. As reported, the board’s meeting, slated to conclude on May 3, is poised to greenlight the disbursement, affirming the lender’s confidence in Pakistan’s economic reform efforts.

Pakistan embarked on a $3 billion loan program with the IMF on July 12, 2023, seeking vital financial assistance to address economic challenges. With this impending approval, Pakistan would have successfully secured the entirety of this crucial lifeline, bolstering its fiscal resilience and stability.

Recognition of Reform Efforts

The disbursement of $1.1 billion signifies a continuation of the IMF’s support, following previous tranches totaling $1.9 billion. These injections of capital have been instrumental in stabilizing Pakistan’s economy amidst global economic fluctuations and internal challenges.

Pakistan PM Sharif requests IMF release $1.1bn tranche | Business and Economy News | Al Jazeera
Source: Al Jazeera

A notable aspect of this development is the commendation from the IMF regarding Pakistan’s commitment to program implementation. The central bank and the outgoing caretaker government have been praised for their efforts in adhering to the agreed-upon economic reforms. Such recognition underscores Pakistan’s dedication to fiscal discipline and structural reforms aimed at fostering sustainable economic growth.

Furthermore, the recent staff-level agreement between Pakistan and the IMF on the final review of the bailout package underscores the country’s progress in meeting its obligations. The culmination of negotiations following the IMF team’s visit to Islamabad signals a mutual understanding of the strides made in economic stabilization.

Optimism for Future Economic Trajectory

Looking ahead, the IMF expresses optimism regarding Pakistan’s future economic trajectory under the stewardship of the new government. Emphasizing the importance of continuity in policy efforts, the IMF encourages sustained commitment to the current Stand-By Arrangement to ensure enduring economic and financial stability.

IMF to hold crucial talks with Pakistan over release of final $1.1B tranche of $3B bailout
Source: Yahoo Canada

The approval of the final tranche not only signifies financial assistance but also serves as an affirmation of Pakistan’s commitment to reform and stability. It is a testament to the collaborative efforts between Pakistan and international financial institutions in navigating economic challenges and paving the way for sustainable development.

The expected approval of the $1.1 billion tranche by the IMF executive board represents a pivotal moment for Pakistan, affirming its progress in economic reform and signaling confidence in its future prospects.

Stay tuned to Brandsynario for the latest news and updates.

Sadaf Kanwal and Husband Soak Up Sun on Dreamy Vacation

By
Sania Saeed
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Sadaf Kanwal and Husband Soak Up Sun on Dreamy Vacation
Sadaf Kanwal and Husband Soak Up Sun on Dreamy Vacation

Pakistani actress and model Sadaf Kanwal has been captivating fans not only with her on-screen performances but also with her glamorous off-screen adventures.

Currently, she’s making headlines as she indulges in a luxurious vacation in Dubai alongside her husband, Shehroze Sabzwari.

Amidst the glitz and glamour of the city, Sadaf is ensuring her holiday is nothing short of memorable. Among her favorite spots is the iconic Al Baik, Her Instagram stories are filled with snapshots of her enjoying crispy chicken pieces, showcasing her love for this iconic Dubai dining spot.

Sadaf’s joyous expressions as she savors each bite reflect her genuine appreciation for the flavors and experiences Dubai has to offer. Sadaf has also been spotted dining at Gaia Dubai, a chic restaurant renowned for its contemporary Mediterranean cuisine.

Here, amidst the elegant ambiance and exquisite dishes, Sadaf and Shehroze have been enjoying romantic dinners, creating cherished memories against the backdrop of Dubai’s dazzling skyline.

Standard Chartered Pakistan Delivers A Strong Financial Performance For Q1 2024

By
Web Desk
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Karachi, 29 April 2024: Standard Chartered Bank Pakistan Limited (SCBPL) delivered a strong performance, that has led to a growth of 53% in profit before tax to PKR 24.7 billion.

Overall revenue grew 44%, whereas client revenue increased by 36% year on year with positive contributions from all segments. While operating expenses increased 22% from comparative period in line with inflation, bank continues to lead the industry with the lowest cost to income ratio of 17%. Moreover, lower impairments as a result of prudent risk approach coupled with recoveries of bad debts led to a net release of PKR 0.5 billion in Q1’24 compared to a net charge of PKR 0.2 billion in the comparative period.

On the liabilities side, the Bank’s total deposits stand at PKR 765bn; up by PKR 45 billion, whereas current accounts registered a healthy growth of PKR 33 billion up 9% since the start of this year and comprise 52% of the deposit base. On asset side, net advances were lower by PKR 11 billion or 5% since the start of this year.

The Bank is investing in its digital capabilities and infrastructure to enhance our clients’ banking experience through the introduction of innovative solutions. We have made steady progress in further strengthening our control and compliance environment by focusing on our people, culture and systems. The Bank stands well placed to cater for the needs of its clients and will continue its strategy to build a profitable, efficient and sustainable portfolio.

Commenting on the results, Mr. Rehan Shaikh, Chief Executive Officer, Standard Chartered Bank (Pakistan) Limited said, “I am incredibly proud of our team’s hard work and dedication that has led to our outstanding performance in Q1 2024. This achievement reflects our commitment to excellence and our relentless pursuit of success in serving our customers and driving growth.

I am thankful to our shareholders, clients and business partners for their ongoing trust in our capabilities, and our associates, staff and colleagues for their keen commitment in supporting the Bank at each step as we bring forth the best-in-class banking experience. We are optimistic about 2024 as we see more growth opportunities opening up with improvement in economic imprints as well as overall business environment.”

With a strong Return on Equity (ROE) of 47% for the period and a Capital Adequacy Ratio (CAR) of 18.31%, the Bank remains well positioned for future growth. On the back of a strong performance, the Board of Directors were pleased to announce an interim cash dividend of 15.0% (PKR 1.50/- per share) in respect of the three months period ended March 31, 2024.

Mathira Khan’s Fitness Transformation: From 92kg to 72kg Without Injections

By
Sania Saeed
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Mathira Khan's Fitness Transformation: From 92kg to 72kg Without Injections

Mathira Khan, a prominent figure in the entertainment industry, recently shared her inspiring weight loss journey in an interview. She revealed that she shed 20kg through dedication to exercise and lifestyle adjustments, preferring this method over injections. Offering guidance to youngsters, Mathira stressed the importance of maintaining a disciplined lifestyle for overall health and wellness.

Reflecting on an airport encounter with Salman Khan, Mathira disclosed her decision not to approach the star for a photo. Despite her admiration for him, she prioritized spending time with her friends and respected Khan’s privacy.

As a mother of three sons, Mathira acknowledged undergoing surgeries for weight loss but emphasized the effectiveness of exercise in achieving fitness goals, advocating against solely relying on injections.

When it comes to celebrity encounters, Mathira believes in respecting personal boundaries and refrains from approaching stars during their private moments, even if it means missing out on a photo opportunity with her favorite actor.

Maryam Noor and Ismail Butt’s Parenthood Journey Begins

By
Sania Saeed
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Maryam Noor Pregnancy
Lollywood couple, Maryam Noor and Ismail Butt are expecting their first child, setting off a wave of excitement among fans and followers.

Lollywood couple, Maryam Noor and Ismail Butt are expecting their first child, setting off a wave of excitement among fans and followers.

Actress Maryam took to her social media account to announce the news of her pregnancy. She posted an image displaying the month “September 2024,” suggesting their readiness to embrace their first baby during that month. The couple, who tied the knot in a beautiful ceremony, are overjoyed to embark on this new chapter of their lives together.

The couple’s announcement of their pregnancy has been met with an outpouring of love and congratulations from fans and well-wishers across the country. Social media platforms have been abuzz with messages of support, with fans expressing their excitement and anticipation for the arrival of the newest member of the family.

We extend our heartfelt congratulations to Maryam Noor and Ismail Butt on this joyous occasion and wish them all the happiness and blessings as they prepare to welcome their first child into their lives.

Stay tuned to Brandsynario for the latest news and updates.

Can Gary Kirsten, Jason Gillespie Change Pakistan Cricket’s Fortunes?

By
Huzaifa Gaba
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gary-kirsten-jason-gillespie-change-pakistan-cricket

The Pakistan Cricket Board (PCB) recently appointed former South African batsman Gary Kirsten as the white-ball head coach and ex-Australian fast bowler Jason Gillespie as the head coach for the Test team.

Former Pakistani all-rounder Azhar Mehmood will be assisting them across all formats as an assistant coach, adding a blend of international expertise and local insight to the coaching staff.

This marks the first time in Pakistan cricket history that separate coaches have been designated for white-ball and red-ball formats, signalling a strategic shift in the team’s management approach.

But amidst the excitement surrounding these appointments, questions loom large among fans and pundits alike: why opt for foreign coaches, and can they truly transform the fortunes of the Pakistani cricket team?

Let’s delve into the profiles of the new coaches:

Jason Gillespie

A right-arm fast bowler, Gillespie represented Australia in 71 Tests, 97 ODIs, and one T20I, amassing an impressive tally of 402 international wickets. His illustrious career includes being part of the Australian squad that clinched the 2003 Cricket World Cup.

gary-kirsten-jason-gillespie-change-pakistan-cricket
Source: Cricinfo

Gillespie’s coaching journey has seen him lead Zimbabwe from 2010 to 2012 and guide Papua New Guinea in 2017.

Gary Kirsten

Renowned for his elegant stroke play, Kirsten graced the cricketing world with his presence, representing South Africa in 101 Tests and 185 ODIs. Accumulating over 14,000 international runs, including 34 centuries, Kirsten’s prowess with the bat earned him a stellar reputation.

gary-kirsten-jason-gillespie-change-pakistan-cricket
Source: Cricinfo

As a coach, he achieved remarkable success with the Indian and South African teams, playing pivotal roles in their ascent to the top of the ICC Test rankings, as well as India’s 2011 World Cup triumph.

How can new coaches reshape Pakistan Cricket’s future?

While many welcome the decision, observers emphasize the need for stability and continuity in coaching. Past instances of premature coach removals by the PCB due to a few losses or changes in leadership have raised concerns.

Reflecting on history, the contributions of former coaches like Bob Woolmer and Mickey Arthur underscore the positive impact foreign coaches can have on Pakistani cricket.

However, building a successful team requires patience and investment in coaches, rather than succumbing to the pressures of fans and social media.

Kirsten and Gillespie bring with them extensive coaching experience from around the globe, coupled with illustrious playing careers. However, their success hinges on being allowed to work without interference.

azhar-mahmood-gary-kirsten-jason-gillespie-change-pakistan-cricket
Source: PCB

A senior sports journalist aptly remarked, “No coach possesses a magic wand to instantly elevate a team to greatness.” Success is not solely achieved by bringing in high-profile coaches; rather, it requires a conducive environment and a long-term vision.

Simultaneously, there is a call for integrating local coaches with Kirsten and Gillespie. This collaboration can not only enhance the local coaching structure but also provide valuable learning opportunities for homegrown talent.

In conclusion, while the appointments of Kirsten and Gillespie hold promise, their success ultimately depends on the PCB’s commitment to providing them with the necessary support and allowing them the time to implement their strategies.

With the right blend of guidance, patience, and collaboration, Pakistan cricket can indeed chart a path to success under the tutelage of these seasoned mentors.

Stay tuned to Brandsynario for the latest news and updates.

TCL Pakistan Celebrates Successful Partnership With Gamers Galaxy At eSports Festival 2024

By
Web Desk
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Lahore, Pakistan – April 29, 2024 – TCL, Pakistan’sNo.1 LED TV brand, rejoices in its collaboration with Gamers Galaxy as the technology partner for the Gamers Galaxy eSports Festival 2024 held at Expo Center Lahore, with a prize pool of PKR 2.5 million attracting top-tier players and teams from across the country. Following two days of exhilarating competition in Lahore, this partnership elevated the gaming experience to new heights.

As the exclusive technology partner, TCL provided cutting-edge LED TV technology that enhanced the event’s immersive experience, delivering stunning visuals and immersive sound. Attendees were impressed by the unparalleled picture quality and responsiveness of TCL displays, ensuring every moment of the tournament was experienced with maximum intensity.

TCL’s LED TVs served as the centrepiece of the gaming arena, making every game come alive with crystal-clear visuals. The gaming experience reached unprecedented levels, drawing in spectators and gamers alike with its captivating visuals and immersive gameplay.

Reflecting on the successful collaboration, Majid Khan Niazi, Director of Marketing, TCL Middle East and Africa, expressed pride in the company’s contribution to Pakistan’s vibrant gaming community. “We are thrilled to have been part of the Gamers Galaxy eSports Festival 2024,” said Majid Khan Niazi. “TCL is committed to providing gamers and spectators with an unmatched viewing experience, and we are delighted to have played a role in making the event a resounding success.”

The partnership between TCL Pakistan and Gamers Galaxy underscores a shared commitment to advancing Pakistan’s eSports ecosystem and providing gamers with the ultimate platform to showcase their skills and passion.

POGEE-2024 Showcases New Global Technologies For Oil, Gas & Power

By
Web Desk
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Lahore: 29th April, 2024 – The 18th edition of ‘Pakistan Oil, Gas & Energy Exhibition’ (POGEE), is receiving tremendous response from the leading international and local Energy-companies and stakeholders of this key industry. The exhibition will take place from 8th to 10th May 2024, at the Lahore Expo Centre.

The energy sector of Pakistan plays a vital role in the economic development of the country while directly affecting the operations and growth of all other industrial sectors. Given the socioeconomic impact and contributions of this robust sector, optimal planning for sustainable energy is imperative. As per the recent ‘Integrated Energy Planning’ (IEP) report, the country’s energy demand will increase substantially by 2030, which presents excellent opportunity for the global companies to invest in Pakistan, increase their business-share and contribute in the nation’s development.

Speaking about the event, Aamer Khanzada – the Managing Director of Pegasus Consultancy highlighted that; “POGEE is reckoned as the premier oil & gas exhibition of the region and it is heartening to see a tremendous response from the global industry players, despite the show is returning after a long gap, due to the COVID pandemic. He further informed the media that: “Around 100 resourceful companies from 17 countries have confirmed their participation in the show, including exhibitors from Austria, Bahrain, Belgium, China, France, Germany, Italy, Netherlands, Poland, Slovakia, South Korea, Sweden, Taiwan, UAE and USA.

Along with POGEE, the 15th International Fire, Safety, Security & Health Exhibition – ‘Safe Secure Pakistan’ will also be taking place, attracting a large number of exhibitors and visitors from the relevant industrial sectors. POGEE and ‘Safe Secure Pakistan’ are very prestigious events, organized by Pegasus Consultancy and supported by the relevant government bodies and trade associations.

Oil & Gas Development Company Limited (OGDCL) is the strategic partner of the event, along with Chevron Group as the Gold-Sponsor, which represents global enterprises like; Chevron, TEXACO and CALTEX. Hence, POGEE is a must-attend forum for related decision-makers and professionals associated with the Oil, Gas and Energy sectors, including petroleum companies, operating in exploration & production, Geo-Sciences, refining and petrochemical distribution, along with related products and services.

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