Friday, May 30, 2025

CBD PUNJAB BRINGS STRATEGIC INVESTMENT OPPORTUNITY WITH NSIT RESIDENCIA AUCTION

                                            

The Punjab Central Business District Development Authority (PCBDDA), also known as the Central Business District Punjab (CBD Punjab), is all set to hold the auction of premium residential plots in NSIT Residencia this June. Building on the momentum of four previously successful auctions, this latest venture marks another bold step forward in the authority’s mission to redefine urban living and development in Punjab.


NSIT City is envisioned as a dynamic urban center comprising three districts  IT, Education and Film districts. Located adjacent to DHA Phase 6 and 7.

NSIT Residencia sits at the heart of this transformative zone, making it a strategic and future-ready investment opportunity offering unmatched accessibility to key locations within Lahore. Positioned as the next sought-after address in the provincial capital, NSIT Residencia combines luxury living with smart city infrastructure, providing investors with an exceptional opportunity.

CBD Punjab is offering four premium plots of up to four kanals each in this prime location. The reserve price has been set at PKR 95 million per kanal, with earnest money fixed at PKR 20 million. To ensure greater ease and accessibility for potential buyers, a flexible three-year payment plan has been introduced, making this an attractive prospect for both local and overseas investors. Applications for the auction must be submitted by June 16, 2025.

Commenting about the upcoming auction, CEO CBD Punjab, Imran Amin, said: “NSIT Residencia is a key part of our vision for a future-ready Punjab. By integrating IT, education and film districts within a single urban ecosystem, we are creating a city of opportunity. This auction is not just a real estate event it’s an invitation to invest in the next chapter of Punjab’s growth story.”

The development of NSIT Residencia is expected to generate a positive ripple effect on the regional economy. From job creation and increased real estate value to improved infrastructure and sustainable urban planning, the auction will contribute significantly to Punjab’s socio-economic advancement.

CBD Punjab continues to lead with forward-thinking initiatives that align with the government’s vision for a modern, inclusive, and globally competitive Punjab. The upcoming auction of NSIT Residencia reflects the authority’s unwavering commitment to building smart, connected, and future-ready urban communities.

Wednesday, May 28, 2025

ICAP Hosts CFO Conference 2025 at Lahore

    



The Professional Accountants in Business (PAIB) Committee of the Institute of Chartered Accountants of Pakistan (ICAP) organized CFO Conference 2025 on theme " Quantum Leap: Agility & Competitive Edge," at a local hotel.

 

A major highlight of the conference was the keynote address titled “Leadership Metamorphosis: Recalibrating CFOs in Motion” by Mr. Syed Hyder Ali, Chief Executive and Managing Director of Packages Group. He examined the multidimensional evolution of the CFO role, shifting from traditional financial stewardship to becoming strategic business leaders. Mr. Hyder Ali emphasized the CFO's potential to drive innovation, performance, and resilience amid today’s volatile economic climate.

 

Mr. Saif Ullah, President of ICAP, in his keynote address, eloquently underscored the critical importance and timeliness of this year’s theme. He reflected upon the unprecedented velocity of transformation reshaping the global financial and business landscape, emphasizing that today’s finance leaders must cultivate agility, embrace disruptive technologies, and position themselves as strategic enablers. He further asserted that in an era defined by complexity and volatility, the ability to anticipate change and proactively drive value creation is no longer optional but imperative for sustained organizational success.

 

Mr. Samiullah Siddiqui, Vice President of ICAP, conveyed his profound gratitude to the distinguished guests, organizing committee, ICAP Council Members, sponsors, and participants for their invaluable contributions to the success of the conference. He highlighted the evolving and pivotal role of CFOs as catalysts of organizational transformation—not merely as stewards of financial integrity, but as visionary leaders driving digital integration, fostering a culture of ethical governance, and steering their institutions toward long-term, sustainable growth in an increasingly complex business environment.

 

The conference proceeded with a thought-provoking panel discussion titled 'Empowered Growth: Leveraging the Digital Ecosystem', expertly moderated by Ms. Sana Mela, Vice President Strategy at Swyft Logistics. The panel featured a distinguished lineup of speakers, including Mr. Atyab Tahir, CEO of Hugo Bank; Mr. Salman Hafeez, Executive Director at Nishat; and Mr. Faisal Khan, CEO of IGI General Insurance. The session offered deep insights into how businesses can unlock scalable growth through digital transformation, real-time data analytics, and enhanced financial agility.

 

This was followed by an insightful presentation titled “Ethics in AI: Safeguarding Trust & Transparency in Finance” by global technology thought leader Mr. Asmar Atif, Chief Intrapreneur and Head of Octopus Digital at Avanceon. He explored the intersection of artificial intelligence and ethics in finance, stressing the urgent need for robust governance structures to uphold transparency, trust, and accountability in algorithm-based financial decision-making.

 

A second keynote address was delivered by Mr. Lee White, CEO, IFAC, titled “Finance in the Age of Acceleration: Navigating Complexity with Agility.” Mr. White urged finance professionals to proactively embrace artificial intelligence, align with sustainability imperatives, and adopt inclusive leadership models to ensure continued relevance and competitiveness in an increasingly complex global economy.

 

Further enriching the program, Mr. Ashfaq Yusuf Tola, President of the South Asian Federation of Accountants (SAFA), delivered a presentation titled “Redefining Finance: Quantum Thinking for Agile Times.” His address highlighted the significance of forward-thinking, adaptive finance strategies in uncertain and fast-changing environments.

 

Adding a fresh perspective, Mr. Faizan Hanif, a young ICAP member, engaged in a dynamic conversation with Mr. Zunair Zafar, CfO, The International Grammar School, Lahore. Titled “Unleash Your Superpower,” the discussion inspired emerging professionals to harness their strengths and lead with purpose in the finance domain.

 

In a session focused on investment and economic opportunities, Mr. Azfar Ahsan, Chairman of Nutshell Group, delivered an engaging speech titled “Investment Opportunities in Pakistan: Evolving Business Climate.” He highlighted the current trends, sectoral opportunities, and economic reforms shaping Pakistan’s investment landscape.

 

The human capital dimension took center stage during the panel discussion titled 'The Human Balance Sheet: Future-Proofing Talent & Leadership.' Moderated by Mr. Khalil Ahmed Hashmi, CFO of SPEL Ltd., the session featured an impressive lineup of speakers: Mr. Muhammad Faisal, Chief Executive Officer of Lucky Motors; Mr. Javed Akhtar, Chief Strategy and Transformation Officer at Style Textile; and Ms. Toima Asghar, CHRO at Systems Pvt. Ltd. The panel emphasized the urgent need to cultivate diverse talent pipelines, instill future-ready competencies, and foster leadership rooted in empathy, adaptability, and innovation.

 

Sustainability and governance took center stage in a fireside chat titled “Beyond Compliance: ESG for Sustainable Success.” The discussion was led by Ms. Nazifa Butt, Director at WWF Pakistan; Mr. Fawad Ul Hassan, Operational Controller at Nestlé; and Ms. Nadia Rehman, Member for Climate Change and Food Security at the Planning Commission of Pakistan. Moderated by Mr. Aleem Zubair, Partner at A.F. Ferguson & Co., the session explored how ESG frameworks can be harnessed as strategic drivers of long-term business success.

 

A powerful motivational talk titled “Commanding the Leap” was delivered by Mr. Qaiser Abbas, renowned leadership coach and author. His session energized the audience, encouraging finance professionals to lead with vision, confidence, and courage amid change and disruption.

 

The conference concluded with a high-level panel discussion titled “Riding the Economic Wave,” moderated by Mr. Farid Alam, CEO of AKD Securities. The session featured eminent economic and financial thought leaders including Mr. Khurram Schehzad, Advisor to the Finance Minister of Pakistan, and Dr. Shahid Kardar, a respected economist and former governor of the State Bank of Pakistan. The panel provided an in-depth analysis of Pakistan’s macroeconomic landscape, key fiscal policy directions, and the broader business environment.

 

In the closing address, Mr. Muhammad Awais, Vice President ICAP, expressed his sincere thanks to all participants, speakers, and organizing teams. He reaffirmed ICAP’s ongoing commitment to strengthening Pakistan’s finance profession by fostering leadership, innovation, and ethical excellence.

Friday, March 7, 2025

Infinix Showcases AI-Driven Solar Energy Innovation at MWC 2025

  

 Infinix, a futuristic tech brand crafted for young consumers, takes a bold stride into the future at ShowStoppers MWC 2025. Reinforcing its vision of ‘Empowering Tomorrow with AI, Eco-Tech, and Personalized Innovations’, Infinix unveils two pioneering advancements: SolarEnergy-Reserving Technology, a concept designed to extend battery life using ambient light, and the E-Color Shift 2.0, an AI-powered customization feature that dynamically adjusts smartphone aesthetics.

Pioneering Sustainable Power with SolarEnergy-Reserving Technology

With a strong focus on sustainability and efficiency, Infinix’s SolarEnergy-Reserving Technology explores new possibilities in mobile energy management. By combining advanced perovskite photovoltaic technology with intelligent AI algorithms, this innovation harnesses and optimizes light energy, making charging more efficient and adaptable to different environments. 

Designed for modern, fast-paced lifestyles, this concept technology captures light energy from both indoor and outdoor sources, converting it into electricity stored within a prototype smartphone and phone case. The case seamlessly transfers power to the device through discreet contact points, ensuring smooth energy flow. AI-driven algorithms fine-tune power acquisition in real-time, allowing for efficient energy storage of up to 2W, with potential for future advancements.

An integral part of this innovation is the AI-driven "Sunflower" Wireless Charging Technology, inspired by heliotropic plants that naturally orient toward light. Using intelligent light positioning and transmission techniques, the system dynamically adjusts the transmission path based on indoor lighting conditions and the device’s position, ensuring efficient power reception within a 3-meter optimal range. Future iterations aim to extend this range and enhance precision.

These concept technologies combined, fosters a sustainable, safe and dynamic ecosystem that promotes -

Key Features:

·         Extended Standby Power

By autonomously optimizing energy collection, the device can store power from soft indoor lighting to overcast outdoor conditions, supporting extended standby time.

·         AI Optimized Energy Management

The system integrates AI with MPPT (Maximum Power Point Tracking) to regulate voltage and current in extreme environments, ensuring efficiency while preventing overheating and degradation.

·         Emergency Power Access

Infinix’s AI-driven photovoltaic self-charging technology offers a practical backup in case of power outages or emergencies, ensuring users stay connected when needed most.

Expanding Beyond Smartphones

While this technology debuts in mobile devices, Infinix envisions broader applications across digital devices and wearables, signaling a new direction for sustainable consumer tech. This future-oriented approach aligns with the growing demand for eco-conscious solutions without compromising performance or convenience.

"At Infinix, we believe technology should enhance the way we live and connect with the world around us. Our focus is not just on creating powerful, high-performance devices but on shaping solutions that align with the fast-paced, evolving lifestyles of today’s users. Whether it is offering infinite power on the go with our SolarEnergy-Reserving Technology or letting your phone reflect your personality and mood, we want to give users the freedom to express themselves and stay connected—wherever life takes them. That is why we are also excited to introduce the E-Color Shift 2.0, a truly personalized experience that lets your device adapt to you in ways that are as unique as your lifestyle." - Tony Zhao, General Manager of Infinix.

E-Color Shift 2.0: Introducing AI Enhanced Personalization

Alongside energy innovations, Infinix introduces E-Color Shift 2.0, an advanced AI-driven customization experience that transforms smartphone aesthetics. Expanding on its predecessor, this feature allows users to personalize their device’s appearance through dynamic, interactive color transitions based on selected preferences and external stimuli.

User Customization and AI-Driven Adaptation:

·         Customize Mode: Users can select from six dynamic patterns and six vibrant color palettes, creating up to 30 unique combinations.

·         AI-Recognize Mode: Through AI-powered modules, the phone’s back cover intelligently adjusts based on factors like weather, wallpapers, and surroundings, offering a seamless, evolving aesthetic experience.

With enhanced color depth and improved segmentation, E-Color Shift 2.0 brings Infinix closer to mainstream adoption of interactive, AI-driven smartphone customization.

Empowering Tomorrow: AI, Eco-Tech and Personalized Innovations

Infinix remains committed to developing groundbreaking solutions that integrate AI, sustainability, and user-centric innovation. With SolarEnergy-Reserving Technology and E-Color Shift 2.0, Infinix is setting the stage for the next evolution in mobile technology—where intelligence, energy efficiency, and personalization converge. While these technologies are currently in concept form, they showcase Infinix’s vision for a smarter, more sustainable, and highly personalized future in mobile technology.

Finally, with the launch of Infinix's SolarEnergy-Reserving Technology, a new era in mobile charging begins, setting the stage for the future of Infinix's NOTE series. The all-new NOTE 50 range, set to debut at the end of March 2025, will showcase enhanced charging capabilities, next-generation AI features, and a premium metal design – a true flagship, coming soon.

Thursday, February 27, 2025

Human Mobile Devices Officially Launches its HMD Branded Phones in Pakistan

                                             

Human Mobile Devices (HMD), the celebrated European smartphone manufacturer known for its innovative and user-centric designs, proudly marks its official debut in Pakistan. As the spotlight shines, HMD is set to unveil its a comprehensive range of pioneering products including the HMD Music 150, HMD Music 130, HMD Key, HMD Arc, and HMD Aura2.

HMD, the makers of Nokia phones and the official mobile partner of FC Barcelona, offers a robust lineup of smartphones and feature phones each offering unique features and designs to cater to diverse user lifestyles. HMD also offers a selection of feature phones, boasting classic designs and essential functions, ideal for those who prioritize simplicity and durability.

Arif Shafique, General Manager of HMD Pakistan, expressed enthusiasm about the launch, stating, “We are excited to introduce HMD’s line to Pakistan, showcasing devices that embody innovation, quality, and user-focused design.”

He further said, "Our dedication to establishing local distribution and manufacturing facility speaks volumes about our trust in Pakistan's potential. We view this as a chance not only to grow our business but to make meaningful contributions to the local economy. By building our devices here, we're not just creating jobs; we're nurturing talent and fostering growth in the community. This isn't just about technology—it's about building relationships and working hand in hand with the people of Pakistan to craft solutions that resonate with their needs and aspirations."

HMD Music 150, HMD Music 130, HMD Key, HMD Arc, and HMD Aura2 will be available in Pakistan starting March 25. With a broad product lineup that spans across various categories, HMD is poised to cater to every segment of the Pakistan market, ensuring that users with diverse preferences find a device that suits their needs.

Wednesday, February 26, 2025

Lahore’s Skyline Transforms with Zameen ARX Ground breaking in CBD Punjab

   

The Punjab Central Business District Development Authority (PCBDDA), also  known as Central Business District Punjab (CBD Punjab), has taken another significant step in reshaping urban development with the ground-breaking of Zameen ARX by Zameen Developments. This marks the second high-rise building in CBD Punjab, solidifying its reputation as a hub of modern architecture and innovation.

Rising 420 feet in the heart of CBD Punjab’s Quaid District, Zameen ARX is poised to become an iconic landmark, redefining luxury living and business excellence in Lahore. Strategically situated on CBD Route 47, the project offers unmatched connectivity to key areas such as Gulberg Main Boulevard, Gaddafi Stadium, MM Alam Road, Kalma Chowk, and Walton Road. Its prime location ensures seamless integration into Lahore’s rapidly evolving urban fabric.

The ground-breaking ceremony was a momentous occasion, graced by Imran Amin, CEO of CBD Punjab, alongside Zeeshan Ali Khan, CEO and Founder of Zameen.com as chief guests. The event also saw the presence of prominent figures, including Riaz Hussain, Executive Director Technical; Barrister Bilal Afzal Khokhar, Executive Director Legal; Waseem Siddiq, and Director of Marketing; Sameer Sial, Director of Architecture & Planning; Asif Iqbal.

From Zameen.com, CEO Zameen REIT Adil Kamal, Senior Director Zameen Developments Mariam Saleem, Senior Director Project Sales Chaudhary Laeeque Iftikhar, and Head of Acquisitions Central Region Jawad Wyne graced the event with their presence.

In his address, Imran Amin emphasised that Zameen ARX exemplifies CBD Punjab’s dedication to sustainable urban development and architectural brilliance. He reiterated the authority’s vision of creating a modern, eco-conscious urban centre that meets the needs of a growing city.

Zeeshan Ali Khan, CEO of Zameen Developments, highlighted the project’s innovative design, which combines eco-friendly architecture with cutting-edge technology. He expressed confidence that Zameen ARX would not only transform Lahore’s skyline but also drive economic growth in Punjab.

The launch of Zameen ARX marks a pivotal moment in Lahore’s urban evolution. As construction advances, CBD Punjab remains committed to fostering a dynamic, sustainable, and innovative urban environment, further cementing its position as a leading centre for economic and architectural advancement.

Monday, February 24, 2025

itel Energy Showcases Innovative Solar Solutions at Pakistan Sustainability Week 2025

    

itel Energy, a pioneering solar energy solutions provider, is proud to announce its participation as a Gold Sponsor at Pakistan Sustainability Week 2025, taking place at the Expo Center Lahore from February 21st to 23rd. Setting new industry standards in customer service and reliability, itel Energy offers a comprehensive sales and service policy, including a 3-year replacement & 5-year replacement warranty, a 48-hour replacement guarantee, and access to 48 service shops across Pakistan. These key commitments ensure unparalleled support and convenience, making itel Energy a trusted choice for Pakistani homes and businesses.

As a brand dedicated to sustainability, innovation, and customer satisfaction, itel Energy is set to showcase its latest advancements in renewable energy solutions, aimed at empowering Pakistani homes and businesses with clean, affordable, and reliable power. At the itel Energy booth (Hall 2, Booth M-2-03 to M-2-10), visitors will have the opportunity to explore a wide range of cutting-edge solar energy solutions, including the IP54 4kW Pro LV Battery 2.56 kWh (Wall Mount), IP54 6kW Pro LV Battery 5.12 kWh, Hybrid IP54 8KW-SP, LV Battery 5.12 kWh Rack, IP66 12kW Pro, IP66 6kW Pro, On-Grid IP66 12KW-3P, On-Grid IP66 17kW, and Smart All-in-One ESS.

These solutions have been designed to address Pakistan’s energy challenges by offering high performance, superior protection, and cost-effective alternatives tailored to the country’s growing energy demands. Recognizing the distinct energy needs faced by Pakistani homes and businesses, itel Energy has developed products that deliver exceptional performance, robust protection, and affordability, ensuring reliable and efficient power for a brighter future.

Mr. Eason, Vice President at itel Energy, emphasized the company’s dedication to revolutionizing Pakistan’s energy landscape, stating, “itel Energy is committed to driving sustainable energy adoption in Pakistan by offering cutting-edge, reliable, and affordable solar solutions. Our goal is to empower businesses and households with innovative technology that ensures energy independence while contributing to a greener future.”

With a strong commitment to promoting sustainable energy, itel Energy continues to focus on delivering solutions that combine efficiency, durability, and affordability. Attendees at Pakistan Sustainability Week 2025 are invited to visit itel Energy’s booth to explore the latest advancements in solar technology, engage with industry experts, and witness live demonstrations. As an added highlight, visitors will also have the chance to participate in an exciting lucky draw for a chance to win exclusive prizes. Don’t miss this opportunity to discover how itel Energy is shaping the future of renewable energy in Pakistan, while enjoying an interactive and rewarding experience at the expo.

Friday, December 20, 2024

Alibaba.com Introduces Trade Assurance in Pakistan, Enabling Local SMEs to Trade with Enhanced Confidence

                                                   

Alibaba.com, a leading global business-to-business (B2B) e-commerce platform, today announced the launch of Trade Assurance in Pakistan, enabling local small and medium-sized enterprises (SMEs) to trade with enhanced confidence. With this launch, Pakistan joins the ranks of a select few markets where Alibaba.com has introduced this valued service for suppliers.

 

The launch was announced at the 2025 Alibaba.com Pakistan Supplier Export Summit, held in Sialkot, a hub of industrial excellence. At the event, Alibaba.com shared insights into the growth opportunities and emerging trends within the global apparel industry, which is projected to reach a market size of $1.79 trillion in 2024, with a compound annual growth rate (CAGR) of 2.81% from 2024 to 20281.

 

“Alibaba.com’s decision to hold the Pakistan Supplier Export Summit in Sialkot underscores the city’s industrial importance and potential,” said Ikram Ul Haq, President of the Sialkot Chamber of Commerce and Industry. “This event has brought immense value to our local businesses by connecting them with global opportunities and introducing the tools needed to succeed in international markets. Initiatives like this reflect Alibaba.com’s dedication to supporting Sialkot’s SMEs to grow and thrive on a global scale.”

 

Bringing Peace of Mind to Pakistani Suppliers

 

Global B2B trade can be fraught with challenges, including concerns over costs, product quality, shipment timelines, and more. Trade Assurance, a proprietary order protection service offered by Alibaba.com, alleviates some of these risks, providing both suppliers and buyers with confidence throughout the entire transaction process. Suppliers who opt for this service can conduct business with peace of mind, knowing that their transactions are securely safeguarded by a trusted platform. The service stipulates that the buyer makes payment at the time of purchase, with the funds held in escrow by Alibaba.com until the buyer confirms the satisfactory receipt of the order within a reasonable timeframe.

 

“Pakistan represents a high-potential supplier market for Alibaba.com, boasting robust production capabilities and a diverse range of product categories that capture substantial global buyer interest. To capitalize on this potential, we have introduced the Trade Assurance service in Pakistan. This service is designed to foster trust between suppliers and global buyers while streamlining transaction processes. Our goal is to enhance efficiency and unlock new business opportunities for Pakistan suppliers to support their growth and success,” said Roger Luo, Head of Southeast Asia at Alibaba.com.

 

Participating suppliers stand to benefit significantly from Trade Assurance, as the service not only enhances buyers’ trust in them but also allows them to build a robust online transaction history. By enhancing their online profile, suppliers can improve their ranking and visibility on Alibaba.com, ultimately leading to a wealth of future business opportunities.

 

“Trust is the foundation of success in international trade. When dealing with buyers from different parts of the world, ensuring that both sides feel secure is critical. Trade Assurance bridges this trust gap by offering payment protection and transparent processes, which are crucial for fostering long-term relationships. With this service, buyers feel confident placing large orders, and sellers like us can focus on delivering quality products without worrying about payment risks,” said Tayyub Hussnain, Founder of Norwich Streetwear, a Sialkot-based verified supplier on Alibaba.com specializing in custom apparel. In 2023, the company secured more than $1 million’s worth of orders through Alibaba.com.

 

“We are thrilled to bring Trade Assurance to Pakistan. Conducting transactions through this service will enable Pakistani SMEs to build a robust online transaction history, bolster their credit ratings, and enhance their reputation with global buyers. We believe the comprehensive order protection it offers can reduce trade barriers for SMEs, opening pathways for them to flourish in the global marketplace,” said Summer Gao, Head of Global Supply Chain Services at Alibaba.com.

 

Supporting Pakistani Apparel Suppliers

 

The 2025 Alibaba.com Pakistan Supplier Export Summit brought together more than 500 SME representatives from Sialkot to explore emerging business trends, innovative technologies and future-ready solutions poised to redefine their operations in the digital era. Recognizing Pakistan’s strong position in the apparel sector, Alibaba.com highlighted the potential for local businesses to penetrate international markets, driven by global demand for quality apparel products.

 

To bolster Pakistani clothing suppliers, Alibaba.com has recently introduced a suite of services tailored specifically for the apparel industry, offering tools and resources that enhance product visibility, streamline operations and facilitate connections with buyers worldwide. This strategic focus on the apparel sector aims to help Pakistani businesses maximize their growth potential and strengthen their presence in the competitive global market.