Manager Building Maintenance (based at Abbottabad, Gujranwala, Gujrat, Karachi, Lahore & Multan)

Eligibility Criteria:

Qualification	Bachelors degree in the field of mechanical, electrical or civil engineering.
Experience	Minimum 06 years of relevant experience.
Age	Preferably not more than 35 years as on April 30, 2017.
Apply By	April 30, 2017

Apply Now

Manager Construction/Renovation/Maintenance (based at Lahore and Islamabad)

Eligibility Criteria:

Qualification	Bachelors degree in civil engineering.
Experience	Minimum 06 years of relevant experience.
Age	Preferably not more than 35 years as on April 30, 2017.
Apply By	April 30, 2017

Apply Now

Dar praises FBR for record revenue collection growth

Finance Minister, Senator Mohammad Ishaq Dar, Tuesday, appreciated the Federal Board of Revenue (FBR) for registering record growth of 16.2 % in revenue collection in March, 2017 compared to the same period in the previous fiscal year. Thus, total collection by FBR in first nine months of the current financial year stands at Rs 2258 billion which is unprecedented in FBR history.

Addressing a meeting of senior officials of FBR, the Finance Minister emphasized that all out efforts must continue during the last quarter of the financial year to achieve the revenue targets. He hoped that the FBR would be able to bridge the gap through a concerted effort.

The Minister stated that the shortfall that FBR experienced in the first eight months was due to the pro growth incentives offered to various sectors of the economy particularly exports and agriculture; major revenue gap amounting to Rs 100 billion was due to the fact that the government had absorbed a considerable impact of increase in POL prices without passing it on to the common man.

The Minister said that having achieved macro-economic stability through its prudent fiscal policies, the government was now fully focused on consolidation of economic gains achieved thus far.

It was endeavoring to achieve sustainable and inclusive economic growth and revenue generation was the most important factor in this regard. He emphasized the need for the tax collectors to maintain a spirit of cordiality with the tax payer as it was the very essence of a good tax culture in any country.

Published in Pakistan Observer, April 12^th, 2017

Dubai Islamic bank partners with Ria money transfer to offer remittance payout services in Pakistan

Dubai Islamic Bank Pakistan (DIBPL) and Ria Money Transfer (“Ria”) the third largest money transfer company in the world, have partnered to offer money transfer pay-out services in Pakistan.

The agreement allows customers from all over the world to send money to their beneficiaries in Pakistan through Dubai Islamic Bank Pakistan, with greater convenience for their family and friends. Beneficiaries can now collect cash in minutes from 238 locations without the need for an account, while Dubai Islamic Bank Pakistan account holders can also receive funds directly to their bank account.
“DIB Pakistan, as a major player in Pakistan Banking Industry’s Remittance Business, is excited to partner with Ria to further enrich our customer touch-point channels and bring convenience to all home remittance beneficiaries who receive funds from Pakistani expats all over the world through our network of 238 locations across Pakistan,” said Mr. Junaid Ahmed, CEO of Dubai Islamic Bank Pakistan. “I’m confident that our Bank’s sustainable partnership with Ria will boost the remittance volumes in Pakistan by focusing on our individual strengths.”

Ria’s CEO and President, Juan Bianchi, added, “Ria’s agreement with Dubai Islamic Bank of Pakistan provides more choice for Pakistanis living abroad to send money home. We are pleased to start this partnership and provide our fast, secure and affordable services which will benefit the loved ones of Pakistani expats in this top 10 remittance receiving country.”

 About Dubai Islamic Bank Pakistan

Dubai Islamic Bank Pakistan Limited (DIBPL) is a wholly-owned subsidiary of Dubai Islamic Bank UAE (DIB), the world’s first Islamic Bank. The parent company DIB is a listed company in Dubai. DIBPL commenced operations in Pakistan as a scheduled Islamic Commercial Bank on March 28, 2006. As a Minimum Capital Requirement (MCR) compliant Bank, the DIBPL enjoys a short-term credit rating of ‘A-1’ and long-term credit rating of ‘A+’ with a “positive” outlook, from JCR-VIS, indicating the bank’s robust position in the industry.

DIBPL has always endeavoured to provide innovative financial products and services to our customers through our growing network of over 238 locations (200 Branches and 38 Branchless Booths) across 62 cities in Pakistan. DIBPL continues to reaffirm its commitment of World Class Banking expertise with the largest Shari’a compliant product suite in Retail, Corporate, Consumer, Trade, Commercial, Treasury and Investment Banking services across Pakistan.

 Published in Pakistan Observer, April 12^th, 2017

ZTBL hosts First Belarus-Pakistan Agriculture Forum

Zarai Taraqiait Bank Ltd. hosted First Belarus-Pakistan Agriculture Forum; a Business to Business Interactive Conference here on April 11th, 2017 at Marriott Islamabad. The event was graced by a high powered delegation of Belarrussian Parliament, headed by H.E Mr. Andri Ackenehenko, Speaker of the House of Representatives, National Assembly Republic of Belarus. Along with him a delegation of agri-business community was also present there headed by H.E Lnoid Zayats, honorable Minister for Agriculture and Food Republic of Belarus. Minister for National Food Security and Research Mr. Sikaner Hayat Khan Bosan was also present at the event.

Delivering the welcoming address, Syed Talat Mahmood thanked the honorable delegation for providing ZTBL the opportunity to serve as a bridge in building agri-business relationship between both the countries, Belarus and Pakistan Mr. Sikandar Hayat Khan Bosan while thanking the honorable Parliamentarian and agri-business community delegation of Republic of Belarus appreciated the efforts of Zarai Taraqiati Bank Ltd. for hosting this event and emphasized the foregoing of long lasting cooperation to agriculture and allied sectors of both the countries. He further said that heavy mechanical industry for agriculture, Pakistan’s high potential for Dairy and Livestock products and major crops along with the need for mechanization of agriculture fields of Pakistan offers great potential to the agribusiness community of Belarus.

At the event two Memorandum of understanding (MOUs) were signed for extension of cooperation among both the countries. One was signed between Zarai Taraqiati Bank Limited and Gomselmash an agriculture machinery manufacturer of Republic of Belarus, for extension of cooperation by ZTBL to Gomselmash.

Published in Pakistan Observer, April 12^th, 2017

Ukraine’s reformist central bank chief resigns

Ukraine’s reformist central bank chief Valeriya Gontareva submitted her resignation on Monday after coming under intense pressure from tycoons whose banks were shut down for illegal transactions and loans.

“I voluntarily submitted my resignation to the president of Ukraine effective May 10,”

the 52-year-old former private banker and Western financial darling told reporters.

She said her successor at the National Bank of Ukraine (NBU) was also likely to come under fire and urged that person the best of luck. “There will be political pressure on anyone who has this job. Forthis reason, I would like to tell my successor: be strong.”

Gontareva was lauded by economists and the West for cleaning up Ukraine’s murky financial sector in which many banks functioned as little more than the private purses of a select group of powerful billionaires. But she became a lightning rod for criticism of her liberal policies from the oligarch-controlled media outlets that dominate the troubled former Soviet state.—AFP

Published in Pakistan Observer, April 11^th, 2017

NBP, TP, Telenor Bank ink strategic alliance

National Bank of Pakistan (NBP), Telenor Pakistan (TP) and Telenor Microfinance Bank Ltd. (Formerly Tameer Microfinance Bank Ltd.) formed a strategic alliance to further financial inclusion in Pakistan at a signing ceremony held at local hotel in Islamabad. The strategic alliance is in continuation of the coalitions to promote financial inclusion that now cover almost the entire telecom industry of Pakistan.
The agreement was signed among Saeed Ahmad President& CEO NBP, Irfan Wahab CEO Telenor Pakistan and Yahya Khan CFIO & CDO Telenor Microfinance Bank, in the presence of senior management from the three organizations including Mudassir H. Khan SEVP/Group Chief CRBG, Azfar Jamal EVP/Head Payment Services, Khawaja Asif COO Telenor Microfinance Bank and Rehan Akhter Head of FS Karandaaz among other delegates.

Under the ambit of this arrangement, multiple services will be leveraged upon including Telenor USSD Channel, Agent Network of Easypaisa, and NBP’s transaction base, to fulfil the needs of banked as well as the unbanked population of Pakistan including facilitation of P2G and G2P transactions. With this joining of hands between one of Pakistan’s largest Government-owned banks and one of the Pakistan’s leading telco operators along with its microfinance bank, the dynamics of the Digital Financial Services are sure to reach the next milestone.

After the ceremony Saeed Ahmad President & CEO NBP stated that National Bank envisions creating concrete opportunities to promote financial inclusion through innovation driven by technologies and data, and with that; drive inclusive and sustainable growth in the formal banking sector. He added that combining the strengths of NBP, TP & TMBL together will broaden the vision of our industry to achieve the State Bank’s National Financial Inclusion Strategy. Mr. Saeed further shared that our 3 strategic alliances will contribute towards our country – NBP is a public institution and it is our mandate to develop a digital suite of financial services with an access to market players through any available digital channel for enhanced customer convenience with focus on enabling e-governance infrastructure.

Also talking at the forum, Mudassir H. Khan SEVP / Group Chief CRBG NBP, said that “The Digital Financial Services industry in Pakistan took its first step back in 2009 and has now reached a stage where it needs to be taken to the next level.
NBP is aggressively working to digitize services through partnerships with Mobile Money platforms and Government Institutions; we are setting the goal of financial inclusion in its true sense and will create the right environment for inclusive growth in the country”.

Published in Pakistan Observer, April 11^th, 2017