Thursday, 13 February 2020

Dawlance Arçelik’s Chief highlights investment plans at “Pak-Turkey Business Forum”




As Pakistan and Turkey are fostering deeper socio-economic ties as brotherly Islamic nations, the largest Turkish enterprise Koç Holding has expressed its commitment to further expand its heavy investments and operations in Pakistan. The Chief Commercial Officer of Arçelik, a subsidiary of Koç Holding in Turkey –– Mr. Can Dinçer participated in the Pakistan-Turkey Business & Investment Forum, recently chaired by the President of Turkey in Islamabad.

Mr. Can Dincer stated that “Since 2016, we have gained a very strong foothold in one of the world’s most promising markets, Pakistan and further built on the strengths of Dawlance. We are very proud to see that Dawlance and Arçelik grow together as part of a larger and global organization. Arçelik operates across a vast geography spanning from Europe to Middle East and Africa to Asia and is progressing steadily on a global path. We have successfully transferred our technology know-how and innovation capabilities and invested in Dawlance to develop the business. In 2020, our plan is to introduce competitive pricing model in all categories to better response to the needs of the changing demands while using the distribution channels effectively.  Our main objectives are to expand our experience stores and e-commerce platforms and increase small-medium potential dealers. At Arçelik, sustainability is at the very core of our business model in line with our vision ‘Respecting the World, Respected Worldwide’. We focus on developing environmental friendly products increasing, energy efficiency in our global manufacturing network and contribute to the societies’ social innovation projects. I’m very proud to say that Pakistan will hopefully be one of the contributors to this vision.”

Koç Holding is the largest holding company in Turkey, with a successful history of over 60 years. Today, it is the only Turkish company ranked in the Fortune Global 500 list, as Koç Holding has established industry-leading portfolios in the automotive, electronics, finance and energy sectors, while employing over 92,500 people around the world. Arçelik is a subsidiary of Koç Holding and the parent company of Dawlance. It is a leading Player in the Home-Appliances Industry which has the biggest Research & Development network with 20 R&D and design centers, including one R&D center in Karachi, Pakistan. Over the years, Arçelik has expanded its production-base, by establishing 23 manufacturing facilities in 9 countries, while its products are exported and sold in approx. 150 countries. Environment-Protection and employee well-being are among the primary focuses of the group.

The Chief Executive Officer of Dawlance - Umar Ahsan Khan thanked Mr. Can Dinçer, Chief Commercial Officer of Arçelik, for his visit to Pakistan and stated that: “Since Arçelik’s acquisition, Dawlance has gained tremendous competitive advantages in Pakistan, as Arçelik has made large scale investments in the company, to enhance the product quality and design, in upgrading the manufacturing facilities to global standards and in developing state of the art R&D facilities to drive innovation. New production lines to manufacture Automatic Washing Machine and Water Dispensers have been set up, while Dawlance also began exporting CE Certified Water-Dispensers to Europe. With the vision of putting Dawlance on global arena, we are now implementing a strategy to expand our exports to other countries.”

Dawlance has achieved large manufacturing capabilities owing to its 3 factories. It is also expanding its largest Sales and Service network, which already comprises of 1800+ dealers across Pakistan. Dawlance has recently inaugurated an Experience Store in Peshawar, offering complete range of products to consumers. In future, it plans to establish more experience stores in other cities too, a similar approach in both Arçelik and Dawlance is the dynamic structuring of distribution channel, which is an important part of its growth strategy.

Dawlance supports several universities in Pakistan, to nurture innovative engineering projects, technology-transfers and knowledge-sharing, between Turkey and Pakistan. Besides regular training and development activities, it seeks deeper insights into the evolving needs of the Pakistani consumers, while ensuring the health and Safety of its work-force, consumers and other stakeholders. It sponsors environment-friendly projects and energy-conserving products that promise more sustainability and wellbeing of the public, while drastically reducing its carbon foot-print.

The key to Pakistan’s progress is the deployment of advanced technologies and Arçelik is known for undertaking extensive research and development activities, enabling enrichment and innovations in its wide range of products that perform well beyond the consumers’ expectations, by fulfilling the evolving needs of our consumers. The Turkish and Pakistani governments must continue to work together, offering more incentives for large scale joint-ventures and public-private partnerships for the business communities. 

Wednesday, 12 February 2020

HIGH DEMAND OF CARFIRST SALES CENTER FRANCHISE AMONG USED CAR DEALERS



In line with their commitment to revolutionize the used car industry in Pakistan, CarFirst, Pakistan’s most trusted used car trading platform, under their CarFirst Sales Center business introduced a complete franchising business solution for used car dealers and traders. After multiple successful launches in Lahore, a high demand for the franchise came in from used car traders and dealers from cities across Pakistan, and thus, CarFirst Sales Center Franchise is now available nationwide. 
All CarFirst Sales Center franchisees enjoy exclusive access to arguably the largest inventory of used cars in Pakistan at the best prices, as well as the standard online marketplace, easing the buying and selling of cars, as well as marketing and branding support. The Franchising services provide full support to used car dealerships and traders and helps them in increasing their revenue and profitability. The franchises also enable ease of access to CarFirst Sales Center customer base and digital operations.
Commenting on this Shanawar Khan, Head of Operations,  at CarFirst Sales Center said, “ Our innovative franchising business solutions helps increase brand value, with franchisees receiving an increasing number of customers at their locations, with our dedicated Call Center generating leads and redirecting them to their dealerships. Our regular Gala events exclusively allow franchisees in their city to showcase their stock to a wide range of potential buyers. The Franchise Support Executives present at franchises helps improve customer service experience. We also help in generating additional income by providing our Franchise owners' customers with many value added services under one roof, like Insurance, Takaful, Financing, Tracker, Auto service and many more.”
Commenting on this Sheikh Rehan Ahmed, Owner of Car Boulevard, a CarFirst Sales Center Franchise said,“Working with CarFirst Sales Center has increased my customers and I have been able to multiply the scale of my business. It has taught me the benefit of bringing my business online, with more information on prices and varieties of cars.  By owning a CarFirst Sales Center Franchise I get exclusive access to inventory as well as 10 free OLX featured Ads that really help in getting attraction. Marketing and branding support to maximize lead generation and people who are helpful in managing operations is another bonus. The tech element of inspected cars in an online inventory has helped increase the speed of operations. I have had a very good experience so far and Insha Allah it will become even better. I recommend this exceptional service to my peers in the used car auto industry.”

Tuesday, 11 February 2020

‘We can act now’ – accountants and regulators urged to tackle technology being used in economic crime



Leading accountants have urged regulators to keep pace with technology in the fight against economic crime.

Estimates show financial crime costs the world $3.5 trillion per year — more than the gross domestic product of the UK - and often sees countless people lose savings, jobs and sometimes much more.

A new report, Economic Crime in a Digital Age, features analysis from senior practitioners at ACCA (the Association of Chartered Certified Accountants) and EY. It focuses on the challenges business faces in fending off breaches from sophisticated attackers.

The panel found there is still a pressing need to create a regulatory environment that supports financial innovation as well as limiting the risks for consumers and businesses. Policymakers and regulators must overcome the technology lag – where legislation has sufficiently caught up with technology.

Jason Piper, head of Tax and Business Law at ACCA, believes technological advances and criminal activity can often go hand in hand.

Mr Piper says the scope of technology means there are more potential victims of economic crime in single attacks.

He says: ‘Economic growth flourishes on technological advances, however criminal activity also responds and reacts, and the opportunity that criminals exploit creates challenges for regulators, legitimate businesses and their customers, auditors and advisers alike.

‘This lag will be exacerbated by the skills and knowledge deficits within the regulatory and law enforcement community. In recent years, criminals have benefited from operating internationally in a way regulators cannot.’


Commenting on the report, ACCA’s head of Pakistan, Sajjeed Aslam said, ‘Cyberspace does not recognise national borders – but law enforcement must. To tackle crime, businesses and law enforcement around the world need to be able to act together, and that relies upon a coordinated global regulatory approach which recognises the new landscape and reflects the demands of a digital age.’

Andrew Gordon, EY Global Forensic & Integrity Services Leader says: ‘Embedding a culture of integrity is critical for organizations. Achieving this through a combination of data insights, governance, culture, controls and procedures will help organizations protect themselves in the constantly transforming risk landscape.’

realme Pakistan to debut year 2020 with exciting device line-up this month




Pakistani youth’s most celebrated mobile brand realme is going to debut the year 2020 with its most affordable smartphone lineup this month. February is arguably the most exciting month for smartphone launches.  The upcoming device is also going to be the first handset from realme to run on its own Realme UI that is based on ColorOS 7 running Android 10 operating system out-of-the-box bringing a fresh coat of paint and some nice upgrades over its predecessor.

The upcoming smartphone series is expected to bolster the company's position in the entry level smartphone market that is rapidly catching up in Pakistan. 2020 is going to be much bigger for realme, and the company will launch a bunch of new smartphones and IOT products. Going forward, realme Pakistan aims to bring such devices in the market which will transform the company as the most preferred tech lifestyle brand of the youth in country.

Since its entry into the Pakistani market 12 months ago, realme, has already launched 9 products across different price segments from premium flagships to trendy mid-rangers, all designed particularly for the youth. They are also gearing up for the launch of their latest additions in the classic realme series in the coming months. realme is proving it has planned an even steeper growth trajectory than its parent company through a targeted focus on the youth.

Monday, 10 February 2020

HUAWEI Y6s is Up For Grabs as it goes on Sale Nationwide




The smartphone’s pre-orders saw a phenomenal response from consumers and is now up for purchase all across Pakistan.

 With market anticipation on a high, the pre-orders of HUAWEI Y6s were a hit as the entire pre-order stock was booked in less than a week. This time Huawei had made an exciting Double Deposit Offer for its budget Y Series variant that got consumers to Huawei outlets in droves. The device is now available for sale nationwide for PKR 20,899/-.

The Country Manager of Huawei Pakistan – Mr. Scott Huang stated: “As an innovative enterprise that is now leading the global technological advancements – Huawei remains committed to meet the evolving needs of every consumer segment in the market. Customers who may have missed the pre-booking opportunity can now purchase HUAWEI Y6s from any authorized dealer at market price to experience great performance and reliability.”

HUAWEI Y6s is power packed with a robust 2.3GHz Octa-core processor while the EMUI 9.1 and intelligent solutions make it much easier to use by allowing you to swiftly navigate through functions. This phone has the intelligence to recognize your gestures, e.g. you can take a screenshot by simply swiping the screen with three-fingers.  

While this segment of smartphones has a standard of 2GB RAM, HUAWEI Y6s has gone beyond the ordinary and offers 3GB of RAM. It allows users to perform multi-tasking with virtually no lag. The Extendable Read-Only File System (EROFS) by Huawei provides extra space for; photos, videos, files and apps, supported by 64GB memory, expandable to 512GB with an SD card. It is powered by a 3,020mAh battery with Artificial-Intelligence based power-saving solutions.
The device also packs a punch in the photography department with its 13MP rear camera and an f/1.8 aperture which captures vivid images, even in the darkest environments. On the front, it is equipped with an 8MP camera, enriched with an ambient light-sensor and proximity-sensor to take spectacular selfies. Additionally, the 6.09 inch DewDrop display and a maximized bezel-less screen promise immersive viewing experiences and the stunning HD feature feels more sophisticated with a TÜV Rheinland certified Eye-Comfort Mode to further ease extended usage. Finally, the security of your data in this phone is ensured by a Fingerprint Sensor.
For the music-lovers, Huawei’s SuperSound delivers more clarity with an 11V smart-power Amplifier, for more quality at higher volumes, while the sound-effects algorithms and HUAWEI’s Histen 5.0, backed by a 5.1 stereo surround-sound create an immersive experience for theater-like effects. 
HUAWEI Y6s comes in two great colours of Orchid Blue and Starry Black. Consumers can purchase this device for an amazing price of PKR 20,899/- at all authorized retailers nationwide.

Thursday, 6 February 2020

ACCA promotes KP as a gateway to economic prosperity





ACCA (the Association of Chartered Certified Accountants) hosted a high-profile corporate networking conference in Peshawar on the theme ‘KP: Pakistan’s gateway to economic prosperity’ providing a platform to region's key stakeholders and thought leaders to engage in interdisciplinary, forward thinking conversations and encouraging collaborative action by proposing a common agenda aimed at revitalising the private sector to kick start an era of sustainable, inclusive economic growth in the province.

Taimur Jhagra, Minister for Finance, Government of Khyber Pakhtunkhwa, Hassan Daud Butt, CEO, KP Board of Investment & Trade, Mujahid Saleem, Advisor on Economic Growth, USAID, and Assad Hameed Khan, Market Head, ACCA were among the keynote speakers who shared their insights and proposed tips for organisations to become future-ready.

“It’s a source of pride to see the city opening up again and providing a platform for thought leaders to engage in meaningful conversations. The province is a large consumer market and offers exciting opportunities for investors. We strongly believe that Khyber Pakhtunkhwa is our country’s gateway to economic prosperity.” - Taimur Jhagra

Commenting on the theme of the conference, Director of National Incubation Centre (NIC) Peshawar, Faisal Jamil said, “Around 60pc of all the investments and funding raised by the start-ups at NIC Peshawar have been raised by women-led start-ups. The key takeaway from the conference is that the stakeholders of this region need to focus more on inclusivity and sustainability to drive the business forward.”

Recognising the aggregated impact of the conference, Mujahid Saleem said, “Today's event will go a long way in chalking out a clear path forward to promote sustainable economic development in this region. We look forward to working with ACCA on similar initiatives in the future for the benefit of this region.”

From robotics and cloud to AI and block chain, digital is arguably the biggest factor shaping the future of business around the world. At the conference, ACCA shared insights, practical guidance, strategies, and solutions to enable businesses and policy makers to embrace these new technologies and create a conducive environment for innovation and entrepreneurship.

“The conference offered great insights into developing future-ready talent and preparing the youth of our country for the challenges ahead.” - Dr Sahibzada Ali Mahmud, Chief Strategy & Information Officer, Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC)

One of the event highlights was a future-focused panel conversation on the topic ‘Digital transformation and economic growth – journey towards sustainable development’. The conversation leaders for the segment included, Dr Mohsin Khan, Director, Institute of Management Sciences, Shafique Ur Rehman, CEO, Rehman Medical Institute, Dr Shahbaz Khan, Managing Director, KP IT Board, Dr Sahibzada Ali Mahmud, Chief Strategy & Information Officer, KPEZDMC, Syed Asmat Ullah FCCA, Executive Director Audit & Assurance, Deloitte and Arif Masud Mirza FCCA, Regional Head of Policy, ACCA.

To emphasise on the importance of inclusivity and to discuss the changing nature of work, and evolving business models, the conference also hosted a thought-provoking panel conversation on the theme ‘Building an inclusive entrepreneurial ecosystem’, with contributions from Hassan Daud Butt, CEO, KP Board of Investment & Trade, Usman Zulfiqar, Academia Head SKANS School of Accountancy Peshawar, Ihsan Ullah Ihsan, Managing Director, The Bank of Khyber, Mubarak Ali Senior Faculty Member Professionals Academy of Commerce Peshawar, Faisal Jamil, Executive Vice President, LMKT and Maryam Arshad, CEO, Impact Dynamics.

“We believe healthy and prosperous economies are ones that build equitable and thriving societies. In Pakistan, ACCA will continue to play its role in building a healthy and prosperous economy where people of all backgrounds are able to flourish and there’s an open access to opportunity.” – Assad Hameed Khan, Market Head, ACCA

Bank Islami Pvt Ltd. joined ACCA as an exclusive Strategic Partner. The Bank of Khyber, DHA Peshawar, and Rehman Medical Institute were the Platinum Partners, and Professionals' Academy of Commerce (PAC), and SKANS School of Accountancy joined as Gold Partners.

The conference was also supported by SECP's Jama Punji, IM Sciences, IM Durshal, Deloitte, SMEDA, KP Information Technology Board, Pakistan Stock Exchange, KPRA, KPCCI, WCCI and KPEZDMC. Nutshell Conferences powered the conference as a Knowledge Partner. 

With more than 219,000 fully qualified members and 527,000 students worldwide, ACCA is the world’s leading body for professional accountants which uses its unrivalled connections across the world to connect people with fulfilling careers, organisations with the best finance talent, and economies with the ingredients for growth. With strong partnerships with top employers and social sector across the globe and an award-winning Professional Insights programme offering ground-breaking futures insight, ACCA is at the forefront of finance talent development and creating future-proof careers.

Monday, 3 February 2020

#YforEveryone: HUAWEI Y6s Can be Pre-ordered with a Double Deposit Offer




People can avail the remarkable Double Deposit Offer upon pre-ordering HUAWEI Y6s from January 31 to February 06.

Huawei’s latest smartphone for the entry-level segment HUAWEI Y6s is up for pre-orders from January 31 – February 06. This time the company is introducing an exciting Double Deposit Offer where consumers can pre-order the device for PKR 800/- which equals to PKR 1,600/-. The smartphone carries a price tag of PKR 20,899/- thereby bringing the amazing Huawei features for everyone.

HUAWEI Y6s is enriched with many features that are not offered by other competitors in this particular category. The stylish design of this smart device empowers the customers to enjoy a world of infotainment and digital experiences on-the-go. It fulfills the need for additional storage with its 64GB memory, expandable to 512GB with an SD card. To top that off, it rises above the segment’s standard of 2GB RAM by boasting a 3GB RAM allowing users to achieve more multi-tasking with less lag.

The HUAWEI Y6s is the latest, most affordable addition to Huawei’s ultra-popular Y series. It not only promises a great performance, but also brings the reliability of Huawei that people have come to admire so much. It mixes together the evolving needs of diverse consumer-segments through unmatched innovation and an affordable price tag. Powered by a 2.3GHz Octa-core processor, paired with EMUI 9.1, this phone allows users to navigate its various functions with simple gestures.

In the photography department, a 13MP rear camera with an f/1.8 aperture takes stellar images, even in a dark environment. While the 8MP front camera with an ambient light-sensor and proximity-sensor takes spectacular selfies. Its 6.09 inch DewDrop display provides a more immersive viewing experience with a maximized bezel-less screen. The vivid HD feature is also enhanced by a TÜV Rheinland certified, Eye-Comfort Mode, to ease extended usage. The phone also boasts a Fingerprint Sensor to ensure complete security of data.

The smartphone will also be a hot choice for music lovers as it features Huawei SuperSound and an 11V smart-power Amplifier which delivers really crisp sound quality at higher volumes, with sound-effects algorithms and Huawei’s Histen 5.0 offering a 5.1 stereo surround-sound, to create an immersive theater-like experience for music lovers. Plus, it goes on for long with the 3,020mAh of battery power.

HUAWEI Y6s comes in two great colours of Orchid Blue and Starry Black and people can pre-order the device starting January 31 to February 06. The smartphone debuts on February 07 with a price of PKR 20,899/-.