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FFC-HUBCO Join hands to Meet Power Challenges of Pakistan

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Pakistan's largest fertilizer producer, Fauji Fertilizer Company Limited (FFCL) is entering into a strategic alliance with the Hub Power Company Limited (HUBCO)to set up a 330 MW Coal based Power Plant in Thar.  The announcement came after FFC Board of Directors’ meeting held in Rawalpindi on Wednesday, 15thof March 2017. The power plant,being a CPEC Project, will be built under a special purpose company, Thar Energy Limited (TEL), and will be based on indigenous coal to be mined from the coal fields of Thar Block-II. Commenting on the joint venture with HUBCO, Lt Gen Shafqaat Ahmed, HI(M) (Retd), CE&MD FFC assured that this project
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Business

Launch Of The Honda Rebel + Aviator Nation Motorcycle At SXSW

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This year's SXSW festival-goers will get an up-close and personal look at the ultimate motorcycle for the next generation of rider – the 2017 Honda Rebel & the Honda Rebel + Aviator Nation limited edition cruiser. The mainstream launch of this unique collaboration kicks off at the Waterloo Records Day Parties taking place in Austin, TX from March 15th– March 18th. The iconic Honda Rebel has gotten a complete refresh for 2017, both inside and out. It's a modern motorcycle with a classic and minimalist attitude, but when it comes to performance, these bikes are anything but understated.  Both the 300s and 500s are
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Business

Microsoft announces addition to board and quarterly dividend

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Microsoft Corp. on Tuesday announced the appointment of Reid Hoffman, co-founder of LinkedIn, to its board of directors effective immediately. Microsoft also announced its board of directors declared a quarterly dividend of $0.39 per share.  The dividend is payable June 8, 2017, to shareholders of record on May 18, 2017. The ex-dividend date will be May 16, 2017. Hoffman, 49, has been with Greylock Partners, where he is currently a partner, for the past seven years. He co-founded LinkedIn in 2002, and before that he served as an executive vice president at PayPal. He currently serves on the boards of Edmodo, Convoy and Blockstream. In addition,
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Business

Samba Bank Pakistan Live with Temenos Core Banking System

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Samba Bank Limited Pakistan, a majority owned subsidiary of Samba Financial Group of Saudi Arabia has successfully implemented the new Temenos Core Banking softwareR15 for its retail and corporate banking services. Temenos teamed up with regional partner, National Data Consultant (pvt) Ltd (“NDC”) on the implementation for this project. The bank replaced its parent legacy system STAR to Temenos Core Banking System, release 15 and its Financial Crime Management solution, version 5.  .The teams successfully implemented Pakistan Model Bank version at Samba Bank Pakistan and migrated all 37 branches in one go. The new system carries many technical and functional
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Business

PepsiCo renews commitment to empowering women

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PepsiCo celebrated International Women's Day at its Head Office with an interactive session, which brought together women of diverse backgrounds to speak about their challenges and accomplishments. This year's theme for International Women's Day was "Be bold for change". The session, modeled on the TEDx theme of speaking extemporaneously, included comments from speakers, questions from the audience, and concluded with a vote of thanks by Mr. Adel Garas, PepsiCo's President for the Asia Pacific Region. "People are PepsiCo's greatest asset," said Garas. "We believe in building a workforce that reflects the diverse consumers and communities we serve. Gender equality, diversity
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Business

Orient’s Mega Sale Offers to Expire within a Few Hours Today

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Orient’s Mega Sale is expiring today, i.e. 10th March. The sale was a smashing hit with the customers due to which the leading appliance company decided to extend the sale offers on its DC Inverter AC, 4K UHD LED TV and Refrigerator till the 10th of March. This gives a chance to Orient’s customers to take full advantage of the discounted prices and warranty offers before the summer season begins. What is the sale all about exactly? Offer 1: DC Inverter AC Orient’s DC Inverter AC is the ultimate home appliance to equip you in hot and sweaty weather. Summers this time around
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Honeywell’s Smart Air-port Technology TO INCREASE Basic safety And Efficiency At Turkey’s Newest Airport

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Honeywell, a global software-industrial technology company and leader in aviation and airport solutions, has signed an agreement with IGA Airports Construction to provide its Advanced Visual Docking Guidance System (A-VDGS) for IGA's Istanbul New Airport currently under construction in Istanbul, Turkey. The technology will help speed airplane gate arrivals and departures safely and efficiently, and optimize gate capacity at the new airport, which is anticipated impending one of the world's largest airports upon its completion in 2018. With an annual capacity of 200 million passengers, the Istanbul New Airport is expected to serve more than 350 destinations and operate jointly
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IBM Breaks Industry Record for Conversational Speech Recognition by Extending Deep Learning Technologies

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IBM (NYSE: IBM) today announced that it broke the industry record for speech recognition, creating a technology that recognizes spoken words ever closer to human parity. Last year, IBM announced a major improvement in conversational speech recognition: a system that achieved a 6.9 percent word error rate. Since then, IBM Researchers have continued to push the boundaries of accuracy rates, achieving this historic milestone and setting an industry record of 5.5 percent, a 20% improvement from the rate than was reported six months prior. "These speech developments build on decades of research, and achieving speech recognition comparable to that of humans is a
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Business

Porsche Financial Reports Of February 2017 Sales

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Porsche Cars North America, Inc. (PCNA), importer and distributor of Porsche 911, 718 Boxster and 718 Cayman sports cars, Macan and Cayenne SUVs, and the Panamera four-door sports sedan line-up in the United States, today announced February 2017 sales of 3,637 vehicles, up 2.1 percent over February 2016 (3,561). Year-to-date Porsche recorded 8,239 vehicle sales, a 4.1 percent increase over the same period last year. The Macan remained in strong demand with 1,575 units sold, up 55.6 percent over February 2016. Macan sales year-to-date stand at 3,535 units which represents a 42.5 percent increase over 2016. The 911 model line achieved 552 vehicle sales, an increase
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Pakistan Auto Show is going to start from March 3rd

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Pakistan Auto Show 2017 is going to start from March 3 to 5 in Karachi Expo center where auto parts suppliers and auto service This exhibition will be held in Karachi Expo center and around 67 international companies will participate. Pakistan Association of Auto Parts and Ex Series Manufactures (PAPAM), chairman Mashood Ali Khan said while addressing a press conference in Pakistan last year only six companies came to Pakistan and quite encouraging results have been observed. He said that this time around 85 local companies are displaying their products while 17 sponsors, six universities and 17 support related organizations
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