Pakistan offers huge opportunities for investments in technology sector

Prime Minister Shehbaz Sharif has stated that Pakistan offers huge opportunities for investments in technology sector. He said this while meeting Mr. Yi Xiang, Senior Vice President of Huawei, President of Middle East and Africa Region of Huawei.

The Prime Minister said that foreign tech companies would be facilitated in all respects with regards to investment and expansion. The current government intends to increase the IT exports of Pakistan from USD 1.5 billion to USD 15 billion in the coming year and for that close collaboration with Huawei will result in the provision of training to the youth of Pakistan through various mean including setting up ICT academies.

He emphasized that investments in the tech sector would increase employment and skills enhancement of Pakistani youth, especially women as the government is focused to increase the number of women in the e-commerce sector by providing them the suitable environment to get themselves trained and raise capital. He also emphasized the need to expedite the process of strategizing the collaborative efforts within a week and highlighted the government’s willingness to not leave any stone unturned to achieve the said objectives.

The Prime Minister expressed satisfaction over Huawei’s long association with Pakistan and investments in the telecom sector. SVP Huawei Mr. Yi Xiang while thanking the Prime Minister expressed interest in to expand Huawei’s footprint in Pakistan. Minister for Interior Rana Sanaullah, Charged’ Affairs China Embassy Ms. Pang Chunxue were also present during the meeting.

State-of-the-art Airbus A320 simulator for pilot training installed in Pakistan

Meta introduces special designed Earth Day stickers and features across their platforms to create awareness on climate change

Karachi – 22 April 2022 – This Earth Day, global social media company Meta is announcing simple, yet impactful ways that people can learn more about climate change and take action. The company is also rolling out a suite of specially designed Earth Day stickers and features across their platforms where people can express their commitment to the environment.

Climate change awareness on the rise

According to Global Climate Risk Index (GCRI) 2021, Pakistan is the 8th most vulnerable country to the negative impacts of climate change. That is why, interest in climate change is on the rise and people are finding more ways to show up for the environment. More than 1M people in Pakistan are part of at least one Facebook groups dedicated to the discovery, protection and appreciation of the earth and our environment, and there are now more than 2500 eco-friendly businesses on Instagram.

“Every day, thousands across our platforms rally together to connect and take action on climate change, whether it is engaging in a Facebook Group, starting or purchasing from an eco-friendly business on Instagram, or practising sustainable tips from a creator. I’m heartened to see that this is no exception in Pakistan, and hope to see more conversations happen with our new stickers, features and initiatives. Earth Day is a vital reminder that all actions, both big and small, can make a difference in protecting our planet,” said Meta spokesperson.

New Earth Day sticker pack and effects on Messenger and Instagram

With rising interest, people can look forward to more ways to connect on climate issues. Meta has partnered with renowned illustrators to release custom stickers on Messenger and Instagram starting this week. An Earth-friendly version of Ellen DeGeneres’ mobile game, Heads Up!, will come to video calling on Messenger and Instagram. Users can also create their own word effects and 3D Avatar stickers to show off their support for climate action.

Meta’s commitment to the environment

Meta’s global operations are now 100% supported by renewable energy, and has set an ambitious goal of achieving net zero emissions across its value chain and be water positive by 2030.

 

The company is furthering its commitment to the environment through several new initiatives. It is continuing its work in tackling climate misinformation through its $1 million Climate Misinformation grant program, as well as expanding their annual Climate Change Opinion Survey – conducted in partnership with the Yale Program on Climate Change Communication – to share information about public views on climate change across more than 180 countries.

foodpanda publishes inaugural Social Impact Report;dedicated over US$35 million to grow communities, digitalise MSMEs and support riders in Asia

Karachi: foodpanda released its first Social Impact Report, titled pandapurpose, highlighting initiatives the company has taken to contribute to socio-economic and environmental sustainability challenges in Asia. As the largest food and grocery platform in Pakistan and in Asia (outside China), foodpanda dedicated over US$35 million to support communities, help Micro, Small and Medium-sized Enterprises (MSMEs) digitalise, train and upskill delivery riders across the region during the continued pandemic in 2021.

The pandapurpose 2021 report showcases how foodpanda uplifted riders, merchants and customers thrive through technology across its 12 operating markets – Pakistan, Bangladesh, Cambodia, Hong Kong, Japan, Laos, Malaysia, Myanmar, Singapore, Taiwan, Thailand and the Philippines. One key highlight in the report was the introduction of new digital tools that helped MSMEs expand revenue streams, while training and upskilling for riders, and programmes.

Several local programs in Pakistan successfully increased the percentage of economic participation from women entrepreneurs through the HomeChef program, while overall women ridership also increased compared to previous years. A new area of social impact focus in 2021 was the introduction of more sustainability initiatives.

“At foodpanda, we have been driven by our values to keep improving our processes as we are aware that it leads to making millions of lives better. We will keep working hard to sustain the standards that we have set and build an inclusive platform for our community of merchants, riders, customers, and other stakeholders,” said Muntaqa Peracha, Chief Executive Officer, foodpanda Pakistan.

foodpanda is a strong advocate of building an inclusive platform. In 2021, foodpanda raised the level of economic participation from women across Asia, tripling the number of female riders in its fleet and financially empowering women MSME entrepreneurs on the platform through its HomeChef programme. In Pakistan, female riders also joined its fleet while foodpanda created new opportunities for home-based small businesses — run mostly by women — to be financially empowered. Around 1,500 women have already registered as HomeChefs so far.

Marking its tenth anniversary, this Social Impact Report reiterates foodpanda’s commitment to growing alongside its ecosystem of riders, merchants and customers across 12 markets in Asia. foodpanda will look to expand its social impact initiatives in 2022 and the years to come by, positively empowering local communities to live better lives, powered by technology.

View the full foodpanda pandapurpose: Social Impact Report 2021 at www.foodpanda.com/pandapurpose

AI-powered Ericsson Performance Optimizers – top network performance and automation, rolled into one

• The new solution leverages automation, scalability, speed, accuracy, and consistency in network optimization to enable a superior subscriber experience, while reducing operating costs.

• Ericsson and Ooredoo Qatar trialed the software solution at a major football tournament and noted improved uplink capacity along with gains on speed and traffic volume.

• A part of Ericsson’s Cognitive Software portfolio, the solution uses digital twin technology and advanced AI techniques like deep reinforcement learning.

Ericsson (NASDAQ: ERIC) Performance Optimizers is a suite of AI-powered applications, that analyze the CSPs’ Radio Access Network (RAN) to proactively provide mobile network optimization recommendations and resolve specific network performance issues.

Ericsson Performance Optimizers can be deployed to enable a helicopter view of the network as a whole. The solution accounts for the invisible changes in the network caused by each addition to the environment, such as new applications, city growth, new sites or user behavior. It is equipped with digital twin technology and advanced AI techniques like deep reinforcement learning.

Digital twin technology accurately mimics the network behavior upon parameter changes, ensuring an approach that minimizes risk and elevates the optimizer’s quality to telco grade from day one. Reinforcement learning is a machine-learning (ML) technique that learns from the network, where an agent (Performance Optimizer) interacts with the environment and takes actions towards a long-term goal.

Additionally, the solution can also be used to accurately predict network performance improvements and proactively provide one-shot optimization recommendations for targeted cells.
Ericsson plans to periodically add new features to the existing solution to address the challenges brought on by different network issues, thereby increasing the coverage of automated optimization.

With 5G, CSPs are looking to transform essential parts of their operations to achieve optimal performance and return on investment. Vendor agnostic AI-native solutions such as Ericsson Performance Optimizers are key to automate and cope with growing complexity while keeping control of cost.

In November 2021, Ericsson trialed the solution with Ooredoo Qatar for a major football tournament. As part of the partnership Ericsson provided network optimization and event management and 5G connectivity in three stadiums, airports and places of attraction. Massive efficiency gains were noted – where traditional worst cell analysis takes days to complete, the new automated approach with performance optimizers took only 15 minutes, producing hundreds of recommendations.

Juan Manuel Melero, Head of Network Design & Optimization, Ericsson, says: During the trial with Ooredoo Qatar, we noted that 89% of internal uplink interference cases were automatically resolved by the Performance Optimizers. This resulted in 7% improvement in uplink capacity, along with significant gains in speed and traffic volume. We now look forward to leveraging our expertise and experience to support our customers around the world to achieve top network performance and deliver the best user experience.

Günther Ottendorfer, Chief Technology and Infrastructure Officer at Ooredoo Qatar, says: For Ooredoo, customer experience and automation are top priority. We see AI-powered operations as key to deliver on our promise of world-class services to our subscribers. During the major football event held in Qatar in December 2021, Ericsson’s Cognitive Software provided a near real-time automation of optimization actions. The end-result was a superior user experience. before, during and after the matches.

Ericsson Performance Optimizers suite is part of the Cognitive Software pack in Ericsson Operations Engine. It can be implemented through licensing, software as a service (SaaS) or as part of our services packs.

Supernet Receives Rs. 659 million Bids through Book Building

Karachi, April 13: Supernet Limited has raised PKR 475 million through book-building at GEM Board of PSX. The process has concluded with an oversubscription of 1.4 times, the Company said on Wednesday. The total bids received are worth PKR 659 million while the strike price clocked in at Rs 22.50.

The first ever GEM Board listing of an IT company received an overwhelming response from institutional investors and, Roshan Digital Accounts holders and high-net worth individuals as the

Supernet has raised Rs 475 million in total, making it the largest IT listing at GEM Board of PSX.

Apart from local investors, foreign financial institutions also took keen interest in the initial offering of first IT company on GEM Board of PSX.

The issue consists of 21,111,121 Ordinary Shares, representing 18.81 per cent of the total post-offering paid up capital of Supernet of face value of Rs10 each.

The entire issue was offered through Book Building on April 12-13 at a Floor Price of Rs22.50 per share, including premium of Rs12.50 per share.

Super Net has been offered at FY22 PE of 6.7 vs Avg. IT sector PE of 22X, offering significant value to the investors.

This offering will help revive new listings at PSX once again. There is lot of demand for tech related stocks and that is why we saw higher than anticipated bids in the book building of SuperNet says Mohammed Sohail CEO of Topline Securities who acted as Advisor and Book Runner to the issue.

Jamal Nasir, CEO Supernet Limited, in his statement thanked the institutions and individual investors for showing interest and trust in Supernet and hopes that their investment in the company would yield great returns. We have offered great value to our investors and their trust and investment would grow with Supernet.

Recently, Supernet Group is aggressively expanding into Cyber Security, Power Solution and IT & Infrastructure Solutions business. The proceeds from listing will be utilized to finance the expansion plan.

For expansion into new business segments, SNL has set up two new subsidiaries: Supernet Secure Solutions Private Limited and Supernet Infrastructure Solutions Private Limited . Another subsidiary, Phoenix Global (Supernet Global Solutions), is a UAE based company that offers a wide range of IT & Communication solutions to its international clients. Supernet’s clientele include major banks, mobile operators, leading MNCs, government and defence institutions, etc.

Founded in 1995, it is one of the country’s leading telecommunications service provider and systems integrator. The company offers a full portfolio of local-to-global integrated communications infrastructure solutions to telecoms, defense, private firms and government sectors/customers and has a pool of highly trained and experienced human resource in wide range of communication and IT technologies spread across Pakistan in more than 200 cities and towns.

Supernet scrip oversubscribed on first day of Book Building at GEM Board, PSX

Karachi, April 13: Being the first IT company to be listed at GEM Board of PSX, Supernet Limited has received overwhelming response by investors on first day of its book building on 12th April. The book buying would continue on 13th April (today) too.

 

With an oversubscription of 1.99% on first day of its book building, Supernet received total bids of21,530,720 shares against an offer of 21,111,121 shares, over subscription by 1.99% or 419,599 shares on Day 1.

 

The first ever GEM Board listing of an IT company received an overwhelming response from institutional investors and high-net worth individuals.

 

Supernet has a target to raise betwen 475 million to 666 million through listing at GEM Board of PSX.

 

Apart from local investors, foreign financial institutions also took keen interest in the initial offering of first IT company on GEM Board of PSX.

 

The issue consists of 21,111,121 Ordinary Shares, representing 18.81 per cent of the total post-offering paid up capital of Supernet of face value of Rs10 each.

 

The entire issue was offered through Book Building on April 12-13 at a Floor Price of Rs22.50 per share, including premium of Rs12.50 per share.

 

Recently, Supernet Group is aggressively expanding into Cyber Security, Power Solution and IT & Infrastructure Solutions business. The proceeds from listing will be utilized to finance the expansion plan.

 

For expansion into new business segments, SNL has set up two new subsidiaries: Supernet Secure Solutions Private Limited and Supernet Infrastructure Solutions Private Limited . Another subsidiary, Phoenix Global (Supernet Global Solutions), is a UAE based company that offers a wide range of IT & Communication solutions to its international clients. Supernet’s clientele include major banks, mobile operators, leading MNCs, government and defence institutions, etc.

Martin Dow Marker Ltd. joins hands with Dawaai for ‘Patient Safety’ and ‘Access of Medicines’

KARACHI April 08, 2022: Pakistan’s leading pharmaceutical company Martin Dow Marker Ltd. (MDM) signed a Memorandum of Understanding with a leading Online Pharmacy of Pakistan i.e., “Dawaai” for Joint Patient Awareness, Access & Care (JPAAC) program.

The purpose behind this strategic collaboration is to increase patients’ awareness on disease and dosage compliance and the dissemination of reliable information to cater to the health issues of the public using the digital channels and reaching out to a greater number of patients. To achieve this objective, both companies agreed on organizing and facilitating pharmacist training programs, pharmacy management skills trainings and educational awareness sessions to improve their capabilities in counselling the patients and to improve the access of medicines to the public. Through this collaboration Martin Dow Marker will support the patients in providing its quality medicines at their doorstep utilizing E-Commerce platform and the efficient network of Dawaai.

Speaking on the occasion Group Managing Director and CEO, Martin Dow, Javed Ghulam Mohammad said, “We are consistently working towards patient safety, awareness and access of our medicines and this strategic collaboration with Dawaai will strengthen our vision of reaching out to masses through digital mediums.”

While also talking at the occasion Founder & CEO, Dawaai, Furquan Kidwai, expressed his views that this is just the beginning of collaboration with Dawaai and more initiatives will continue for greater good of patients and quality health service for the entire country.

foodpanda collaborates with Punjab Food Authority to train Homechefs

Karachi: In an effort to improve food packaging and follow hygiene standards during food preparation, foodpanda partnered with Punjab Food Authority (PFA) in order to train Homechefs regarding enhanced safety protocols and government SOPs.

The training session was conducted with the objective to encourage and promote food safety culture across Punjab, training the Homechefs on basic hygiene and safe food preparation.

Speaking on the occasion, Mustafa Dogar, Additional DG, PFA said, “We are pleased to collaborate with foodpanda and train these talented individuals on hygiene and safe food preparation. Our goal is to promote this culture and encourage everyone to adhere to these protocols for a healthy environment.”

Homechefs are essentially people operating out of their home kitchens who sell food through online platforms. foodpanda currently have several thousand registered homechefs who have been taken on-board after stringent routine checks for food hygiene, quality, safety, packaging, etc. The company’s aim is to increase the homechefs base in the next two years and take it up to 100,000 registered homechefs.

Supernet set to raise 475 million through listing at PSX

KARACHI, March 31: Supernet Limited plans to raise Rs475 million through Initial Offering of its 18.81 per cent of post-offering share capital. The capital being raised by listing the firm on the GEM Board of the Pakistan Stock Exchange (PSX) will consist of fresh equity of Rs275 million in Supernet and ‘Offer for Sale’ by Telecard Limited of Rs200 million.

Supernet is the first technology company to be listed on GEM Board of PSX.

The issue consists of 21,111,121 Ordinary Shares, representing 18.81 per cent of the total post-offering paid up capital of Supernet of face value of Rs10 each.

The entire issue will be offered through Book Building on April 12-13 for which registration will Start from April 7 at a Floor Price of Rs22.50 per share, including premium of Rs12.50 per share. The upper limit of the price band will not be more than 40 per cent of the Floor Price.

Super Net is being offered at FY22 PE of 6.7 vs Avg. IT sector PE of 22X, offering significant value to the investors.  Out of the total issue, 8,888,889 shares are being offered as Offer for Sale by Telecard and 12,222,232 shares are being offered as fresh equity.

Recently, Supernet Group is aggressively expanding into Cyber Security, Power Solution and IT & Infrastructure Solutions business. The proceeds from listing will be utilized to finance the expansion plan.

For expansion into new business segments, SNL has set up two new subsidiaries: Supernet Secure Solutions Private Limited and Supernet Infrastructure Solutions Private Limited . Another subsidiary, Phoenix Global (Supernet Global Solutions), is a UAE based company that offers a wide range of IT & Communication solutions to its international clients. Supernet’s clientele include major banks, mobile operators, leading MNCs, government and defence institutions, etc.

Founded in 1995, it is one of the country’s leading telecommunications service provider and systems integrator. The company offers a full portfolio of local-to-global integrated communications infrastructure solutions to telecoms, defense, private firms and government sectors/customers and has a pool of highly trained and experienced human resource in wide range of communication and IT technologies spread across Pakistan in more than 200 cities and towns.

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