An entrepreneur with 25 years of multifaceted leadership experience in textile, tourism, real estate and telecom sector with role of managing large and focused teams, setting up units with challenging targets and managing and achieving output within assigned risk reward parameters.
Carrying huge exposure of the European market, my telecom journey started from Italy. For the last decade, I have worked laboriously to excel in Pakistan’s telecom market and move it forward by providing superior services and at least in the formative years thinking beyond the concept of profitability as a primary goal. Consequently, with my humble contributions and steadfast leadership, our company has attained a highly respectable and reliable status in the telecom business and has successfully become Gold Partner for Huawei and recently was awarded the Most Reliable Partner Award for 2017. In addition, the company in recent months has become the Tier One Partner for SAMSUNG. We now look forward to more challenging roles to take the overall Smartphone market in the country to new heights. I travel extensively abroad for business and pleasure which has given a cosmopolitan approach to my business working and relationships.
The relief will benefit approximately 12,300 individuals who have already deposited Rs2.6 billion in taxes to the FBR on their declared assets in the year 2019. The total amount that was legalised has not been disclosed. The FBR system has been enabled for this purpose and all taxpayers can now file their declarations between Sept 10 and 25.
As many as 2,125 projects worth Rs350bn have been registered with the FBR’s online system by 1,321 persons. Out of these, 1,775 are new projects and 350 existing ones.
The builders and developers are required to get their projects registered on FBR’s computer-based IRIS software on or before June 30 this year and the projects should be completed before Sept 30, 2023.
The salient features of the package include fixed tax for builders and developers, immunity from probe and concessions from withholding of taxes. The FBR has provided all the required facilities to the beneficiaries of the package which include the establishment of a dedicated web page, dedicated email to address inquiries and an online step-by-step guide for the builders and developers.
Pakistan International Bulk Terminal (PIBT) CFO Arslan Iftikhar Khan said that adding the second conveyor belt for coal will increase the terminal’s capacity to 17m tonnes per annum from the existing 12m tonnes. Coal imports via PIBT hit a peak of 10.1m tonnes last year. Separately, three coal-based power plants import up to 12m tonnes a year collectively through their own jetties.
PIBT CORPORATE OBJECTIVES
To develop the bulk terminal as a modern state-of-the-art handling facility.
To contribute towards enhancing the country’s port infrastructure for handling bulk cargoes of coal, cement and clinker up to 16 million tons a year.
To operate the terminal at best international standards of efficiency.
To commit contributing towards planting mangroves in Port Qasim area on 500 hectares (over a 1,000 acres at Port Qasim).
To develop and introduce innovative new methods of dirty bulk cargo logistics in Pakistan for the benefit of the country’s trade and industry.
To adopt the best global standards of Health, Safety & Environment.
PIBT BUSINESS DEVELOPMENT STRATEGY
To reclaim and undertake civil works on 25 hectares of storage area at Port Qasim.
To construct a 2.5 km trestle carrying conveyor belt, which connects the Storage Area to the Jetty.
To construct a two berths operational jetty connected via a trestle bridge to the backup Storage Area.
To import modern mechanized coal, clinker and cement handling equipment at the terminal.
To set up 50,000 tons capacity of cement silos.
To set up an indigenous Power Plant.
To establish common-user terminal handling facilities for providing port infrastructure to the cement firms for exporting loose bulk cement and clinker.
To establish port facilities for enhanced coal imports in the country for potential use by power plants and for the present use of the cement industry.
The first time Pakistani companies invest in and explore for oil and gas in an Abu Dhabi concession.
It is first time Pakistani companies will invest in and explore for oil and gas in an Abu Dhabi concession. Adnoc also partners with Pakistani energy companies for the first time, reflecting the deep-rooted bilateral ties between the UAE and Pakistan.
Dr Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of Adnoc, and Moin Raza Khan, managing director and CEO of PPL, signed the exploration concession agreement.
Under the deal, Pakistani companies will invest Dh1.12 billion ($304.7 million) during the exploration phase in Abu Dhabi concession that covers an offshore area of 6,223 square kilometers and is located 100 kilometres north east of the city.
The Museum of The Future stands on the city skyline among commercial and residential properties in Dubai, United Arab Emirates, on Tuesday, Oct. 13, 2020. Dubai real estate stocks were once the stars for investors betting on the citys booming economy. But their fall from grace has been spectacular and seems set to continue, given an abundance of unsold homes and scant prospects for a recovery in the oil-rich region. Photographer: Christopher Pike/Bloomberg
New chapter of cooperation
Dr Al Jaber said this historic exploration concession award marks a new chapter of energy cooperation in the 50-year old UAE-Pakistan relationship.
“It represents an important platform upon which we can drive win-win opportunities to support Pakistan’s energy security and further strengthen the strategic and economic ties between our two countries. We are delighted to partner with Pakistan Petroleum Limited and the other members of the consortium on Offshore Block 5.
“The consortium was selected as part of Abu Dhabi’s block bid round where we have once again reinforced our approach to strategic partnerships that contribute the right combination of market access, capital, best-in-class expertise or advanced technology,” the minister said.
“We are very optimistic about the potential to unlock significant value with all our partners in this second competitive block bid round as we continue to accelerate the exploration and development of Abu Dhabi’s untapped resources, in line with the Leadership’s wise directives,” he said.
Golden opportunity
Raza Khan said the PPL-led consortium is delighted to be selected for the concession award of Abu Dhabi’s Offshore Block-5.
“This award is not only a watershed moment for Pakistan and the Emirate of Abu Dhabi towards bilateral energy cooperation and economic links but also offers an opportunity to strengthen strategic cooperation with Adnoc to share technical know-how and expertise.
“We are particularly excited that this consortium comprises the ‘big four’ national exploration and production companies that are fully geared to support Adnoc and the Emirate of Abu Dhabi in reinforcing its leading position in the global energy sector,” Khan said.
Following a successful commercial discovery during the exploration phase, the consortium will have the right to a production concession to develop and produce such commercial discoveries.
Adnoc has the option to hold a 60 per cent stake in the production phase of the concession. The term of the production phase is 35 years from the commencement of the exploration phase and the block offers the potential to create significant in-country value for the UAE over the lifetime of the concession.
New life to Pak energy firms
Samiullah Tariq, head of research at Pakistan Kuwait Investment Company, said this is a strategic partnership deal and will benefit the Pakistani energy sector.
PPL operates 15 producing fields across Pakistan and contributes over 20 per cent of the country’s total natural gas supplies. As of June 2020, PPL’s proven recoverable reserves were 1,793.5 billion cubic feet of natural gas, 13.3 million barrels of oil/ NGL/ condensate and 543.1 thousand tonnes of LPG.
Muzammil Aslam, chief executive of Tangent Capital Advisors, said Pakistan energy companies settling into Abu Dhabi offshore drilling will give life to depressed exploration and production companies.
“This will be at very crucial stage when Pakistan is rapidly becoming energy starving country led by depleting energy resources and higher economic growth,” Aslam told Khaleej Times.
Moreover, he said the opportunity will also create synergies for Pakistan energy companies through deploying their excess cash and growth opportunities. “Importantly, working with Adnoc will help Pakistan exploration companies develop offshore drilling expertise, which has vast potential in Pakistan also,” he said. Courtesy : Khaleej News
Octopus Digital, an AVANCEON subsidiary company, helps businesses digitalize their manufacturing, supply chain and financial workflows backed by strategic and operational maintenance support services in the US, Middle East and South Asia. Thus, making decision support, actionable insights and business intelligence available 24x7x365 both as managed and unmanaged service on a multi-year monthly subscription basis.
The Next Generation of Business Intelligence isn’t siloed in systems or dependent on fancy dashboards Instead, insights appear instantly, making it easier to see change and take action.
Decision Support: Receive automatic alerts for your most important KPIs and keep your eye on the big picture
Digital Twinning: Topware™ creates a digital twin of every asset and entire process to connect, analyze and optimize.
Automate Reporting: Measure productivity by exporting and emailing reports to stakeholders
Consulting 4.0: Schedule periodical sessions with process experts and data scientists to deep-dive into a single version of truth
HOW WE DO IT
Connect And Analyze Data For Your Decision Support
Simplify Complexity: Topware™ compiles data from multiple sources in an enterprise to create Single Version of Truth
Deploy & Adapt Quickly: Topware™ becomes operational in 07 days followed by a 30-minute user Orientation & Training
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Air Link Communication Limited, founded in 2011, is a leading distributor of mobile phones having a strong presence in Pakistan with service centers across the country. Air Link is an “importer cum distributor” of Huawei, Samsung mobile phones & accessories in Pakistan having around 20-25% market share of total mobile business according to Customs Import Data. The Company is the official partner of Samsung Mobiles and Tablets in the territory of Pakistan & Afghanistan. It was also awarded “Platinum National Distributor” and “Sustainable Channel Growth Partner” by Huawei. The Company has a country wide distribution network consisting 16 regional hubs linked to 1,000+ wholesalers and 4,000+ retailers for ultimate selling of mobile phones and accessories across Pakistan.
OUR VISION
“To be the largest and most reliable distribution network in Pakistan”
OUR MISSION
“To establish strong network in Pakistan by providing state of the art services to customers.”
Air Link Communication Ltd, a cell phone distributor in Pakistan, is all set to raise Rs6.43 billion as the two-day book-building of its Initial Public Offer (IPO) ended.
The company had put its 90 million shares up for sale at a floor price of Rs65. The initial share price was decided at Rs71.5. This is called strike price. The IPO was oversubscribed by 1.64 times – the company received a demand for 147.7 million shares against its 90 million offered. The top bidders will be entertained.
Air Link has been one of the top distributors of mobile phones in the country distributing iPhone, Huawei, Samsung and Xiaomi phones. Air Link has ventured into manufacturing recently – assembling TCL, ITel and Tecno cell phones in the country.
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