Volume VI, Issue-XII, December 2016

December in History ’s Cultural Events at UN in 2016 made Positive Impact on Audiences While articulating and defend - December 24, 1952: ing Pakistan’s policies on major UN Security Council adopts the Anglo-American Resolution on Kashmir international issues at the urging immediate demilitarization talks United Nations, the Pakistani between India, Pakistan. Mission to the U.N. also pro - moted the soft side of the coun - December 31, 1952: Pakistan National Scouts instituted. try, hosting a number of cultural events in 2016 that attracted December 22, 1957: diplomats, academics, art lovers Malik Feroz Khan Noon is sworn in as as well as music and film fans. seventh Prime Minister of Pakistan. December 7, 1970: “Today, the amazing outpouring First General elections held. Awami of art, literature, music and films League and Pakistan People Party in Pakistan is the most forceful emerge as leading parties in East and response to a tiny minority that West Pakistan. ence of Pakistani actors and film Peacekeeping Day at UN seeks to impose an alien ortho - personalities, who traveled to Headquarters. December 19, 1970: doxy,” Ambassador Maleeha New York from Pakistan, was a Pakistan wins gold medal in Asian Lodhi, who made the holding of source excitement for audiences Pakistan, a leading troop Games hockey, beating India 1-0. public diplomacy events events who cheered them when they contributor, currently has 7,161 December 20, 1971: as part of her outreach efforts at came on stage. The stars included personnel serving UN missions, General Yahya Khan hands over power the world stage, said. Mahira Khan, Mawra Hocane, including 280 police, 84 military to Z. A. Bhutto, who takes over as Nabeel Qureshi, Saba Qamar, observers, and 6,797 troops, These events included the President and Chief Martial Law Wajahat Rauf, Yasir Hussain, deployed in 7 missions – first-ever Pakistan Film Festival, Administrator. Sheheryar Munawar, Asim Raza, Democratic Republic of the a Sufi music concert at the UN Tooba Siddiqui, Adeel Hussain, Congo. December 30, 1973: General Assembly to celebrate Sanam Saeed, Jerjees Seja (JJ), Courtesy: www.dnanews.com.pk Z. A. Bhutto lays foundation stone of Pakistan Day, an exhibition of Pakistan Steel Mills. Producers Afia Serena Nathaniel modern Pakistani art at the and Mehreen Jabbar. What’s inside: December 27, 1975: United Nations, screening the 1976 is declared Quaid's Century year. Oscar-winning documentary On 23rd March, Ustad Rahat F Benchmark KSE 100-share December 31, 1985: “Girl in the river” at the UN and Fateh Ali Khan enthralled the Index rises 0.71% Martial Law is lifted, amended 1973 a photo exhibition highlighting jam-packed UN General Pak Suzuki will launch Celerio Constitution revived. Pakistan’s role as a major con - F Assembly Hall with his Sufi in March 2017, Cultus to make exit December 2, 1988: tributor to UN Peacekeeping, music, spreading the message of Benazir Bhutto is sworn in as first that was opened Secretary-Gen - peace, tolerance and harmony, as F undertakes live missile firing along Arabian Sea woman Prime Minister of Pakistan. eral Ban Ki-moon. Well man - Pakistan celebrated its National aged by the mission officers and day for the first time at the F Pakistan wins three golds, six December 12, 1990: staff, the audiences here ap - Pakistan becomes 37th country to send world organization. silvers at international ICT plauded the the string of events. Awards expedition to Antarctica. In June, Ban, the UN chief, spoke at photographic exhibi - F Innovation series: two countries, December 4, 1994: Pakistan’s top-rated movies were one team Pakistan regains World Hockey screened at Asia Society, New tion, organized by the Pakistan Championship title after 12 years, York, to packed houses. The pres - Mission, to mark the Pakistani F Pakistan conducts live anti-ship beating Holand 4-3. missile test in Arabian Sea Positive Post is published to project positivity all around Pakistan amongst our youth and the entire nation. Our efforts are to inculcate patriotism and a sense of ownership in them. It is a compilation of news extracted by the students of Mass Communications and Media Studies of Greenwich University. Benchmark KSE 100-share Index rises 0.71% “A positive open was followed recent update on progress over formers.” by intraday correction where coal fired power plant while ce - wider market slipped in red and ments were higher on reported Trading volumes rose to 360.7 KSE100 index tested support institutional buying. million shares compared with near 45,600,” said Bilwani. Tuesday’s tally of 383 million. “Autos on the other hand un - Shares of 412 companies were A see-saw ride eventually saw “However, institutional buying performed market after lower traded. At the end of the day, the KSE-100 Index end positive soon overtook and swayed the than expected monthly sales 171 stocks closed higher, 226 for the ninth successive session, momentum back mainly led by numbers,” said Bilwani. declined while 15 remained un - breaking yet another record index heavy exploration and changed. The value of shares high along the way and powering production (E&Ps). JS Global analyst Nabeel Ha - traded during the day was past the 46,000-point barrier. roon said volatility prevailed but Rs18.9 billion. “Pakistan Petroleum (+5%) and the index finally close at its new The bull run has seen the index Pakistan Oilfields (+5%) high of 46,185 (+327 points). Dolman City Reit was the vol - gain 8.4% since November 30 – emerged as top gainers with for - “E&P sector was the major ume leader with 30.7 million the last day it ended negative – mer grabbing investor attention index mover, as it extended its shares, gaining Rs0.05 to finish and has contributed to an al - over positive news of Sui lease previous day gains to close 2.8% at Rs11.00. It was followed by ready phenomenal year for the extension and improved pricing higher.” This gain was on the TRG Pakistan Limited with Pakistan Stock Exchange. that helped sentiments while back of crude oil prices as they 29.6 million shares, gaining latter hit second consecutive traded comfortably above Rs2.15 to close at Rs45.62 and The PSX’s benchmark KSE upper price limit. $52/bbl, on the back of major Bank of Punjab with 17.1 mil - 100-share Index finished with a oil producing countries’ decision lion shares, gaining Rs0.17 to rise of 0.71% or 327.38 points “Oil & Gas Development to limit their production going close at Rs17.04. to finish at 46,185.27. Company (OGDC,+1% ) also forward in their meeting in Vi - ended the day green as battle enna last weekend, said Haroon. Elixir Securities analyst Faisal Foreign institutional investors between aggressive foreign sell - “Intraday rally was witnessed in Bilwani said Pakistan equities were net sellers of Rs1.1 billion ers and local smart money con - cements as the sector gained to shunned all calls for a breather during the trading session, ac - tinues with stock trading over close 0.7% higher than its pre - to close above key psychological cording to data maintained by 10 million shares on the day. vious day close. Maple Leaf Ce - level of 46,000 primarily on the National Clearing Com - “Hub Power (HUBC, +2.5%) ment (+4.33%) and DG Khan gains in oil and select index pany of Pakistan Limited. closed another positive day after Cement (+2.26%) were top per - names. Courtesy: The Express Tribune Umerkot Fort to be restored by June 2017 The culture department started sites and monuments in ’ for residential or military pur - history of Umerkot predates the preservation work of the Umerkot scheme. poses by the rulers of the advent of Islam in the region. “It Fort with the hope to restore it to Cultural heritage: Royal locks do - province. Some believe that the was actually the property of the its original splendor. Around 200 nated to museum area is named after ruler Umer Rajputs of Rajasthan until they workers, with the help of local ar - Sharing details of the project, of - Soomro, who gained fame due to gifted it to the Kalhoras of Sindh tisans and experts, have ficials said that the most dilapi - his romance with Marvi of Thar. to develop better relations and started work on the front of the dated portion of the fort will be But some historians and heritage bring peace between Sindh and fort. covered with tarpaulin (a heavy- experts say that it was actually the Rajasthan,” he said, adding that property of the Sodha Rajputs, not only the Kalhoras but the According to officials, the front of duty waterproof cloth). “Steps are also being taken to stabilise the who were rulers of the area. Talpurs also started development the heritage site where Mughal “When Humayun managed to work to preserve this landmark. emperor Akbar was born will be wall of the fort with a,” Kansaro said. escape India following his mili - finished by June, 2017. “We are tary defeat at the hands of Sher Ghulam Hyder Gadhi, a conser - doing all the development work vator in Umerkot, said that the According to conservators, more Shah Suri, Rana Prasad, the then as per the guidelines of UN - mud core of the fort will be sta - than four million bricks will be Rajput ruler of the area provided ESCO [United Nations Educa - bilised with sun dried bricks, used to protect the 45-foot-high him shelter in Amarkot [former tional, Scientific and Cultural while the outer facade of the fort wall, following the basic rules of name of Umerkot]. This was the Organisation],” said Roshan Ali will be restored using special tile heritage preservation. “We have to place where Humayun’s son Kanasro, director of planning and bricks to be laid partly in lime cover 321-feet total as well as two Akbar was born,” explained her - development at the culture de - mixed with fly ash and mud mor - gates and six top bunkers,” he said. itage expert Dr Fatah Daudpota. partment. He added that work tar. The top of the fort will be was being carried out under the There are conflicting reports Heritage conservation: Award for made watertight by laying soldier ‘protection, preservation and pro - about the historical perspective of Shahi Hammam celebrated course pavement. motion of protected archeological Umkerkot, which was once used According to Dr Daudpota the Courtesy: The Express Tribune 2 Pak Suzuki will launch Celerio in March 2017, Cultus to make exit

Pak Suzuki Motor Company (PSMC) the The rest would be spent in setting up the country’s largest car manufacturer with over manufacturing plant for spare parts. 50% market share has decided to launch the standard model of Suzuki Celerio in March Pak Suzuki says no launch of new model for 2017, confirmed a company official. 2 years. However, at the time, the company had specifically stated that the investment A formal announcement, according to re - was conditioned on incentives. ports circulating on social media and Suzuki Pakistan’s official Facebook page, is likely to Pak Suzuki, listed on the Pakistan Stock be made by the company. Based on the earlier policy, the company in Exchange as PSMC, was trading at October flatly denied that it was launching Rs390.97 per share at the start of July. It has “We are confident that the government will any new model in the next two years. How - now gone up to Rs586.99 per share, up provide some incentives to us under the new ever, the top management of the company massively by over 50%, outperforming the auto policy. Therefore, the company has de - has again met with Finance Minister Ishaq KSE-100 index that has increased by 24.3% cided to launch its standard model of Cele - Dar, and people close to the matter say that during the same time. rio in March 2017,” a company official said he has given some kind of hope to the three on condition of anonymity. existing carmakers. Suzuki Motor Company Global Head Kinji Saito met Federal Minister for Industries Celerio is a 1,000cc engine car that Pak Pak Suzuki has been requesting the govern - and Production Ghulam Murtaza Khan Suzuki plans to replace with Suzuki Cultus, ment to provide it with similar incentives to Jatoi in December last year, where he, along a model it launched in year 2000 that re - the ones offered to new entrants so that it with Suzuki’s other top officials, urged the placed Suzuki Khyber. establishes its new Greenfield plant with an government to offer the same incentives it investment of over $430 million. However, was offering to new entrants. This brings a complete shift in company’s the government was unimpressed until now. earlier stated policy in which it said that all The government, however, had not offered its new investments plans are contingent on The company’s intention to launch two new any major incentives to the existing top the government offering the same incen - variants in the local market last year; the an - three carmakers because it was hoping to at - tives it was offering to new entrants in the nouncement was made by the Suzuki tract new automobile manufacturers. Automotive Development Policy 2016-21. Global Head during a meeting with the Minister for Industries. The new policy was approved after a hiatus All other variants of Celerio and car models of almost two and a half years and offered will be launched from the company’s new In 2015, the company also revealed details tax incentives to new entrants to help them plant that it plans to establish, provided the that the two new models would take up establish manufacturing units and compete government allows similar incentives like the around $110 million of the total investment with the three well-entrenched assemblers. new entrants, the company official added. of $430 million planned by the company. Courtesy: The Express Tribune

Pakistan Navy undertakes live missile firing along Arabian Sea Pakistan Navy undertakes live missile firing deterrence at sea and reassures Pakistan along Arabian Sea Navy’s commitment to safeguard its mar - The frontline combat unit of Pakistan Navy itime frontiers against all threats,” he said. on Wednesday undertook live missile firing along the North Arabian Sea, Radio Pak - Last week, Pakistan conducted a successful istan reported. test of an enhanced version of the indige - nously-developed Babur cruise missile. Chief of Naval Staff Admiral Muhammad Zakaullah witnessed the launch of surface to Babur weapons system version II incorpo - surface anti-ship missile from sword class rates advanced aerodynamics and avionics The missile is equipped with state-of-the-art PNS ASLAT. The missile successfully that can strike targets both at land and sea navigational technologies of Terrain Con - destroyed its intended target with pinpoint with high accuracy at a range of 700 kilome - tour Matching (Tercom) and all-time Digi - accuracy. tres. It is a low flying, terrain hugging missile, tal Scene Matching and Area Co-relation which carries certain stealth features and is (DSMAC) which enables it to engage vari - Pakistan test-fires Babur cruise missile capable of carrying various types of war - ous types of targets with pinpoint accuracy Speaking on the occasion, Admiral Za - heads, according to a press statement. even in the absence of GPS navigation. kaullah expressed satisfaction on the opera - Babur weapons system is an important force tional preparedness of Pakistan Navy fleet. Navy acquires third Fast Attack Missile multiplier for Pakistan’s strategic defence. “Live missile firing reaffirms credibility of Craft Courtesy: The Express Tribune

3 Pakistan wins three golds, six silvers at International ICT Awards

TAIPEI: Pakistan on Monday Engineering and Mr. Higgins, grabbed three gold and six silver NUST for their project Sionser, medals at Asia Pacific ICT UBL Fund Managers for their Awards (APICTA), an interna - financial product imPro, Tril - tional competition featuring lium Information Systems for participants from 17 countries their Security product T-Eye across the Asia Pacific. and two startups of The Nest i/o -MandiExpressandSheops. As many as 28 teams from Pak - istan participated in the event The regional Awards ceremony that took place in Taiwan capi - invites applications from 17 tal, said a statement issued by novation by Pakistani IT com - for their project ‘Clinical Deci - economies, including Australia, the The Pakistan Software panies to the forefront, P@SHA sion Support System for Diag - Bangladesh, Brunei Darus - Houses Association for IT & said it took a delegation of 41 nosis of Movement Disorders’, salam, China, Chinese Taipei ITES (P@SHA). Pakistan fin - people to Taipei for the 16th another team from NUST who (Taiwan), Hong Kong, Indone - ished 4th in the overall awards annual APICTA Awards, a four collaborated with CASE, AFIO sia, Japan, Macau, Malaysia, count, ahead of economic pow - day event that is deemed as the and Biomisa for their Research Myanmar, Singapore, Sri erhouses Australia, Thailand, Oscars night for the Asia Pacific and Development project Lanka, Thailand, Vietnam, Singapore, Japan and China. ICT. ‘Analysis of Optical Coherence Nepal and Pakistan. Tomography Image for CDSS’ Pakistani participants received As many as 28 teams from Pak - and Wondertree, a startup from The judging was done by indus - accolades from foreign judges istan competed against 236 P@SHA’s Tech Incubator The try veterans, tech professionals who said even the youngest of from 17 economies across the Nest i/owho won in the Inclu - and renowned thought leaders teams had shown the caliber of Asia Pacific and were judged by sion and Community Category. and VCs from all across the work being done by the Pak - over 60 seasoned professionals. The Silver awards were bagged Asia Pacific region, said the istan tech sector. Leading the way with the golds by Amin Farid for his chatbot statement. As part of its efforts to bring in - were a young team from NUST school project on Conversation Courtesy: The Express Tribune

WWF-Pakistan and PharmEvo join hands to spread happiness

Pakistan, in partnership with Corporate Partnership and PharmEvo, has launched the Fundraising, WWF-Pakistan said campaign 'Spreading Happiness that people should contribute in a Nice Way' Wednesday at a positively to society and the envi - local hotel. ronment for real change. 'People individually and collectively have The event was aimed to raise unique gifts, skills and contribu - awareness among the general tions that can make others hap - public to become the cause of pier,' he added. someone's smile by doing small deeds, acts of kindness and While, sharing his views, Syed spreading happiness. In this re - and passion and contribute posi - Jamshed Ahmed, Chief Operat - gard, 15 action points such as tively to society. Speaking on the occasion, ing Officer, PharmEvo, said that cleaning public spaces, planting celebrity ambassador fashion icon the purpose of this initiative is to trees, greeting people with a He said Government of Sindh and actress Nadia Hussain; reignite the philosophy of spread - smile, helping others, exchanging said that the government is taking renowned actor Adnan Siddiqui; ing happiness, and realizing the gifts, and participating in good all possible efforts to provide former Pakistani cricketer Jalal- power of a single individual in deeds among others have been quality health services to people ud-din said that it was high time driving the wave of change. designed. and is equipping public hospitals that every citizen pledges to take Ali Dehlavi, Regional Head with modern facilities. action in his or her capacity as an Sindh and Balochistan, WWF- Speaking on the occasion Dr. individual and participate in Pakistan and Prof. Anisuddin Sikandar Mandhro, Minister for "Media should play a constructive cleanliness drives, plant more Bhatti, former Director Jinnah Health, said that we have to strive role in highlighting positive ini - trees, and other such deeds. Postgraduate and Medical Centre hard to achieve high goals and in - tiatives and stop disseminating (JPMC) also spoke on the occa - culcate new spirit in the youth so negative messages," Dr Mandhro Speaking on the occasion Asad sion. that they work with full energy added. Shahbaz, Regional Head South, Courtesy: The Express Tribune 4 Innovation series: two countries, one team Afghanistan and Pakistan are through these locations, to en - proving that countries are sure that all children under 5 are stronger together in the fight to vaccinated wherever they are. stop the poliovirus. The programmes are strengthen - ing their disease surveillance at The border between Pakistan community level, mapping out and Afghanistan is no barrier to mobile groups and ensuring the poliovirus. Close cultural and they’re included in immuniza - linguistic ties connect the two tion microplans, and working countries. Populations move flu - with leaders and influential fig - idly across these borders. Each ures to understand their move - year, the virus moves with them. ments better. Afghanistan and Pakistan have seen significant progress in the Stronger together last 18 months in their efforts to The new polio cases in the cen - stop polio. But both countries tral corridor have reinforced the have been close before, and have idea that neither Pakistan nor been thwarted: the virus has Afghanistan can eradicate polio found pockets of unvaccinated alone, with the virus travelling children where it can hide, re - saging at the border and – with by the vaccination status of non- between the two. At the Islam - group, and stage a comeback. radio being the main source of polio AFP cases. abad meeting, the National Despite historically low levels of news for 70% of Afghans and EOC coordinator for Pakistan polio over the last few months, 50% of Pakistanis in border areas Wild polio increasingly seems to highlighted the fact that neither cases of paralysis and positive – the programme has coordi - be travelling down a central cor - programme was where it in - samples found through environ - nated radio programming on the ridor between southern Khyber tended to be by this time in mental surveillance show us that leading border channels, produc - Pakhtunkhwa and the Federally 2016, and these strategies tai - the virus has not yet been ing weekly health shows and Administered Tribal Areas in lored to addressing specific chal - stopped. using popular soap operas to cre - Pakistan travelling across rugged, lenges were essential to end the ate Pashto-language program - smaller border crossings to Pak - virus for good. A new approach ming on polio and children’s tika, Paktia and Khost provinces Armed with this knowledge, health. in the south east of Afghanistan. The significant improvements in Pakistan and Afghanistan have Mobile populations the programme quality in the taken a new approach. Since This innovative approach is pay - southern and eastern corridors June 2015, the two have been co - ing dividends. The polio eradica - At the most recent Inter-Coun - can be attributed to a relentless ordinating major programme ac - tion programmes in both try Coordination Meeting in Is - focus on improving campaign tivities, as success in one country countries are working closely to - lamabad, Pakistan, the quality and the innovative ap - depends on success in the other. gether to coordinate vaccination Afghanistan National EOC Di - proach of the two countries Monthly polio immunization campaigns, surveillance, and to rector underscored the impor - working as one team across the campaigns have been synchro - track population movements. tance of reaching and border. nized so that no child on either The three ‘corridors’ of polio vaccinating populations on the side of the border can fall transmission move, whether at formal or in - Pakistan and Afghanistan are through the cracks, the Emer - formal locations. learning from the programme’s gency Operations Centres Three ‘corridors’ are serving to experiences in other countries. If (EOCs) of each country – which allow the virus to travel with While Torkham in the north - this progress can be maintained house the government and part - population movements between west and Friendship Gate in the in the traditional corridors be - ners of the Global Polio Eradi - countries: via the Torkham bor - south are the main border cross - tween the long-time polio reser - cation Initiative to coordinate der crossing from Peshawar and ing points between the reservoirs voirs, and the programme can eradication activities – interact Khyber in Pakistan to Nan - – with more than one million move quickly to rapidly increase with one another on a weekly garhar, Kunar and Laghman in children under 5 crossing these immunity in the new, central basis, and the highest level polit - east Afghanistan, and via the points each year – the smaller in - corridor, the programme has the ical and administrative leader - Friendship Gate border crossing formal crossings are considerably opportunity to strike out polio in ship meet face to face every six from Pakistan’s Quetta Block to more challenging to reach and two countries with one blow, months, to resolve challenges the Greater Kandahar area in vaccinate children. working together to ensure that and to develop plans to address south Afghanistan. Population no poliovirus can find a hiding the remaining hurdles. immunity in these transmission Pakistan and Afghanistan are place along the porous border A common communications corridors have been gradually working to strengthen coordina - between them. strategy has synchronized mes - improving in the last year, shown tion on the communities moving Courtesy: The Express Tribune

5 Careem: Mudassir Sheikha This Pakistani helped raise $350 million to slaughter Uber

“The idea was not just to build a big tles that lay ahead and the team would have business, but start one that would have a big to do something different if it wanted to impact,” explains Mudassir Sheikha, stay relevant. co-founder of ride-hailing startup Careem. “We wanted to improve the lives of It did so by tweaking the product to better thousands of people and change society for meet local requirements. Mudassir bristles the better.” at the constant reference as an “Uber com - petitor.” He believes competition is healthy, And it seems like Mudassir’s on track to but maintains Careem has always cultivated succeed on both fronts. Careem’s now the a distinct identity and brand as compared to newest ride-hailing unicorn – it announced Uber. today that it’s pocketed a substantial US$350 million from a slew of investors in - One of Careem’s unique features has been cluding Rakuten and Saudi Telecom. the ability, since day one, to schedule rides Device Anywhere in 2003 to help test and in advance and talk to a customer support The funding round is the single largest in - monitor the performance of mobile apps agent over the phone. The team believed vestment in any startup from Dubai. And and websites. The startup eventually grew to these were key in markets where technology there still might be more to come – the a team of over a hundred people – spanning adoption lagged behind the West and it company says it’s planning on locking in a the Bay Area and Pakistan – before being would help foster trust in the service. Uber - further US$150 million at some point. acquired by Keynote in 2008. has just recently started rolling out sched - uled rides but still doesn’t offer any human The idea for a transportation service oc - It was then that Mudassir chose to join agent support. curred to Mudassir and his co-founder McKinsey, working out of the Dubai office. Magnus Olsson back in 2012. Both were The focus on team culture is clearly paying working as management consultants at “The idea was that I spend two years in dividends. Careem – which means “gener - McKinsey but itched to do something more McKinsey and go back to the entrepreneur - ous” in Arabic – offers stock options to all rewarding, something entrepreneurial. ial world. But two years became four and I its full-time employees, even those at the figured I have to do this now because I’m lower rungs. Mudassir says he’s worked hard “We made a list of problems we faced dur - not getting any younger,” he says. to ensure employees view their jobs as fun, ing our time in the Middle East, everywhere and not just as a slog. from healthcare, to education, and logistics. It helped that the startup launched during Eventually we settled on transportation be - the Muslim holy month of Ramadan, a pe - Since the early days hustling in Dubai, cause if you’re a consultant in Dubai, then riod where there’s a lull in business activity. Careem’s now present in 47 cities across the you’re constantly traveling to markets like “Most people were looking for work and Middle East and North Africa region. It Saudi Arabia, Egypt, and Pakistan and drivers welcomed us with open arms. As we works with a network of over 150,000 driv - you’re dealing with ground transport com - explained the concept to them, they were ers. SimilarWeb says it’s more popular than panies on a daily basis,” says Mudassir. receptive and told others about it,” recalls Uber in several markets. Mudassir. Mudassir’s prior background in tech start - But it’s not just sitting back and letting ups certainly helped the cause. The entre - Work on a consumer product only started things move on autopilot. After Uber an - preneur, who grew up in , Pakistan, after the team noticed immense demand. nounced it would invest US$250 million in moved to the US for college, graduating Uber hadn’t launched in Dubai yet – it only Careem’s core territory region last year, Mu - from the University of Southern California did so in the latter half of 2013 – so Careem dassir’s startup countered it by inking a deal with a degree in economics and computer got the opportunity to whet local appetites to use self-driving electric car pods, helped science in 1999. He went on to finish a mas - early. by a US$100 million investment in research ters from Stanford in 2003. and development. The fledgling ride-hailing startup was able His first exposure to tech came with a stint to snare a US$1.7 million seed round to And Mudassir is cognizant of the at Silicon Valley startup Brience, which had compete. It quickly expanded to Saudi Ara - challenges that still lie ahead. raised US$200 million in funding and was bia and Qatar – when demand for its online considered a hot prospect for an IPO. But taxis started to go through the roof. “The region doesn’t have good public trans - the dot-com crash hit badly and it was later port and requires too much investment for acquired. But Uber had a far bigger war chest, super - it to get off the ground. Logistics and trans - star investors, and an established brand. portation continue to be big problems that Mudassir moved back to Pakistan but his Mudassir knew there were several key bat - need to be solved,” he affirms. tech roots stayed with him. He co-founded Courtesy: The Express Tribune 6 Dutch company acquires Engro Foods for $446.81m Dutch company FrieslandCampina Pakistan Campina Group will not only bring growth mentous partnership signifies our continued BV (FC Pakistan) has completed its acqui - and prosperity for all of us but will also tell a contribution to our nation’s economic pros - sition of a majority stake in Engro Foods at story about Engro’s commitment to growth perity and a healthier younger generation.” an estimated price of $446.81 million and and creating a broad-based impact for now the company is expected to bring in expertise and generations to come.” Engro Corporation Chief Executive Officer and introduce new products. Ghias Khan added, “the Royal Friesland - Dutch company to buy Engro Foods for Campina Group shares our commitments to The Netherlands-based dairy company has around $460 million. Analysts said the ac - community and eradicating malnutrition. acquired 51% stake at Rs120 ($1.14) per quirer had a history of having expertise, This partnership means Engro Foods gain - share in Engro Foods. It acquired 47.1% (or which would be brought to Pakistan to de - ing new capability, localised innovation and 361.29 million shares) from Engro Corpo - velop new products in the foods segment. At right drivers for long-term growth.” ration, the parent company of Engro Foods, present, the packaged milk, juices and ice and another 3.9% (or 29.66 million shares) cream remain some of the leading products Proceeds to energy projects from general public, Faiz Chapra, Company of the company. Analysts added the divestment in Engro Secretary, said in a notification to the Foods by its parent company was part of its Pakistan Stock Exchange. Final price long-term plans to diversify its investments The company secretary added the final sale into energy projects which offered compar - Engro Foods’ share price fell 1.05%, or price would be calculated within 40 days atively higher rate of return. Rs1.82, and closed at Rs170.03 with a vol - after preparation of closing statements re - ume of 1.34 million shares at the exchange flecting the adjustment for certain items in - Engro Foods’ 2015 profit up 256% on Monday. Engro Corporation’s share price cluding debt and debt-like items, cash and The corporation also sold a stake in its flag - increased 0.81%, or Rs2.53, and closed at cash equivalents and working capital (final ship project, Engro Fertilizers, worth $185 Rs311.08 with a volume of 555,100 shares. sale price). million to institutional and high net-worth individual investors in June, they added. Chairman of Engro Foods Board of Direc - Any price difference between the estimated tors, Samad Dawood, said in the notification, sale price and the final sale price will be set - So far, the conglomerate has made huge in - “Not only was Engro Foods able to achieve tled between Engro Corp and Friesland - vestments in Elengy Terminal Pakistan Lim - its vision of elevating consumer delight and Campina Pakistan as per the sale and ited at Port Qasim, which is the only wellbeing by adding nourishment to the food purchase agreement. terminal in Pakistan that handles import of market but the company was able to enhance re-gasified Liquefied Natural Gas. the lives of 12 million consumers through its Engro Corporation Group Chairman Hus - utmost sincerity and motivation each and sain Dawood said in the notification, “This Besides, it is also working on a Thar coal every day. is a defining moment for Pakistan. It is the project in partnership with the Sindh gov - validation of Pakistan as investment friendly ernment under the joint venture Sindh “This is only the beginning of a better and and adds significant value to the country. Engro Coal Mining Company, established brighter future for our organisation and this Our group has a history of bringing foreign in 2009. novel partnership with the Royal Friesland - direct investment by joint ventures. This mo - Courtesy: The Express Tribune Pakistan conducts live anti-ship missile test in Arabian Sea Pakistan said the successful test "The missile successfully Navy, the report said. It is a low flying, terrain hugging reaffirms its commitment to destroyed its intended target missile, which carries certain safeguard maritime frontiers with pinpoint accuracy reaffirm - Last week, Pakistan successfully stealth features and is capable of "against all threats". ing weapon's lethality and offen - test-fired an enhanced version of carrying various types of war - sive punch of Pakistan Navy's an indigenously-designed cruise heads, according to a press state - Pakistan Navy fired a live sur - Fleet," Radio Pakistan reported. missile that can hit targets at 700 ment. The missile is equipped face-to-surface anti-ship missile Zakaullah expressed his satisfac - kms with all kinds of warheads, with state-of-the-art naviga - along the North Arabian Sea on tion on the operational bringing many Indian cities tional technologies of Terrain Wednesday and said the success - preparedness of Pakistan Navy within its range. Named after the Contour Matching (TER - ful test reaffirms its commitment Fleet and said the Live Missile Mughal invader and founder of COM) and all-time Digital to safeguard maritime frontiers Firing "reaffirms credibility of the dynasty of same name, the Scene Matching & Area Co-re - "against all threats". The frontline deterrence at sea and reassures missile is part of Babur Weapon lation (DSMAC) which enables combat unit of Pakistan Navy Pakistan Navy's commitment to System version - 2 as it is en - it to engage various types of tar - undertook the live firing of Sur - safeguard our maritime frontiers hanced version of earlier missile gets with pinpoint accuracy even face to Surface Anti-ship missile against all threats". The success - and incorporates advanced aero - in the absence of GPS naviga - from Sword Class frigate PNS ful conduct of missile firing also dynamics and avionics that can tion. Babur weapons system is an ASLAT which was witnessed by demonstrates the efficacy and strike targets both at land and important force multiplier for Chief of Naval Staff Admiral lethality of modern weapon sea with high accuracy. Pakistan's strategic defence. Muhammad Zakaullah. systems operated by Pakistan Courtesy:The Economics times 7 10 Pakistani Women who made us Mighty Proud in 2016

Many Pakistani women have managed to of NGO Aware Girls were awarded the field of education. contribute greatly to society and realize prestigious Chirac Prize for “conflict their goals in the face of overwhelming prevention” in recognition of their 7. Tabassum Adnan odds. Their accomplishments are not contribution towards the development of a confined to a particular field as they strive pacific and non-violent culture through the Pakistani activist Tabassum Adnan won the to bring about change across different action of women and youth in Pakistan. prestigious 2016 Nelson Mandela-Graca areas and inspire others the world over. Machel Innovation Award in April this From social workers to entrepreneurs, we 4. Fayeeza Naqvi year. take a look at some of the women who In January, Aman Foundation chairman 8. Maryam Masood and Erum Masood made us mighty proud in 2016. Fayeeza Naqvi received the first-ever Global In August, Maryam Masood and Erum 1. Minhal Sohail Humanitarian Award for Women’s and Children’s Health in recognition of her con - Masood made history when they piloted a Minhal Sohail became Pakistan’s first tribution to Pakistan’s health and ed - Boeing-777 aircraft to several local and female shooter to compete at the Olympics. ucation sector. international destinations concurrently. The 21-year-old secured 28th position in the 10m air rifle event at Rio this year. 5. Nighat Dad 9. Sania Nishtar

Pakistani doctor wins prestigious Lawyer and Digital Rights Foundation Former health minister Sania Nishtar is entrepreneurship award in London (DRF) director Nighat Dad was awarded among six candidates nominated for the the Dutch government’s 2016 Human post of the World Health Organisation 2. Sharmeen Obaid-Chinoy Rights Tulip award in November director general. Sharmeen Obaid-Chinoy became the first 10. Marium Malik Pakistani to win two Oscar awards after her Pakistani woman wins global humanitarian award documentary A Girl in the River: The Price Not just a barrister today, Malik is also the of Forgiveness shined at the 88th Academy 6. Mona Prakash recipient of Lincolns Inn’s Joan Denning Awards. Prize for topping the Bar Professional 3. Gulalai Ismail and Saba Ismail In May, Hyderabad-based Mona Prakash Training Course (BPTC) across the Mahtani received the Commonwealth Commonwealth. Gulalai Ismail and Saba Ismail, co-founders Youth Award for Excellence, 2016, in the Courtesy: The Express Tribune

Patron: Greenwichians interested in Ms. Seema Mughal Vice Chancellor contributions! Shoot an email Editor: to the editor, including Rizwana Amin your name, roll number and Greenwich University, DK-10, 38th Street, Darakshan, Phase VI, Assistant Professor your work at Defence Housing Authority, Karachi-75500, Pakistan Graphics & Layout: UAN: (021)111-202-303; Tel: (021) 35840397-98; Fax: (021)35851910; Shazia Anwar [email protected] Email: [email protected] ; URL: www.greenwich.edu.pk