BUSINESS WORLD | Sunday, February 24, 2019 SCIENCE & TECHNOLOGY | 09 Vivo is a brand that brings innovation Hyundai Nishat to announce two new at affordable prices Hyundai Nishat Motors is set to roll ranked as the second best app in the hout itsi firgst twho veh-iclese on Snaturdady in a vehicles this weekenwod rld. Prime Minister of Pakistan Imran in Pakistan bid to capitalize on the growing demand Khan tweeted about the app sharing its Over the past few years, young smartphone manufac - for commercial and non-commercial success at the World Government turers have taken over the industry by storm. The vehicles in Pakistan. The models include Summit competition. Chinese market is already flooded with home-grown an SUV named Santa Fe and a 12-seater According to PM Khan at the competi - brands and now a few prominent ones have managed to Grand Starex, which will be the first of tion 4646 mobile apps of different cate - capture a huge market share in Asia, Africa and Europe. the vehicles manufactured by the joint gories were presented from 87 nations. One of the reasons behind their success could be the venture of Hyundai and Nishat Group The summit held in Dubai listed aggressive pricing strategy, however, innovation played under the Auto Policy 2016-21. Pakistan’s Citizen Portal app as the 2nd an important part as well. Vivo, for example, an innova - The models, along with the country’s best mobile app in the globe. Right at tive young brand has recently introduced a smartphone first digital auto store with immersive 3D the top was an app from Indonesia and with Full-Display Fingerprint scanning technology. Which technology, will be launched in Lahore. at third spot was an app from USA. means you can touch anywhere on the screen and it The launch of the innovative automotive Prime Minister said it is the first that unlocks just like magic! Surprisingly, there are no ports retail store is yet to be confirmed by the a government owned app has reached or holes in this phone, making it a truly futuristic device. management of Hyundai-Nishat. this level. Read also: Government Since it began global operations, Vivo quickly captured While Santa Fe is available in 7 differ - resolved over 100,000 complaints in two developing markets in Southeast Asia and India. In 2017, ent models across the globe, the officials months via Pakistan Citizen Portal are yet to comment on the number of Imran Khan tweeted, “Creating a models to be introduced in Pakistan. Despite the fact that the country’s which might also be imported initially direct link with the people to provide for Hyundai-Nishat joint venture started favored choice is 800cc engine capacity due to limited infrastructure in Pakistan. resolution of their problems has led to back in 2017, aiming to capitalize on the cars, the partnership of Hyundai and While there is no official word on the the incredible success of my complaint friendly auto policy. Hyundai is also set - Nishat has been keen to start with the prices of the two variants, it is expected cell in the PM Office.” The ranking ting up its 66-acre manufacturing plant sales of high-end SUVs for greater profit to be market competitive to directly com - Pakistan Citizens Portal received was in the Special Economic Zone in margins. Hyundai has also announced pete with the Japanese auto giants. 4.5out of 5. At Google search category it Faisalabad. that it will launch electric cars soon, Pakistan Citizen Portal has been stood at 7th number. Vivo entered Pakistan’s market with affordable smart - phone options including the budget V and Y series smart - Meezan bank to offer Changan Auto industry phones. Vivo became the First smartphone brand in Pakistan to introduce the FullView™ Display with V7+ opposes govt’s new offering a very high screen to body ratio and minimal KMeeazanr vBanak ahans si gnmed a inivan on lease bezels. The V7+ was also the world’s first smartphone to Memorandum of Understanding offer a 24MP selfie-camera. The next year Vivo surpassed with Master Motors Limited (MML) unrestricted policies its own record by offering Vivo V9 and a newer version of and Master Motor Corporation Pvt FullView™ Display with an even higher screen-to-body Limited (MMCL). Both the compa - for electric vehicles ratio and with V11 Pro it managed to achieve over 85% nies are part of Master Group – Sources from the Engineering Development Board dubbed as the Halo FullView™ Display. Moreover, V11 makers of Master Molty Foam. (EDB) have confirmed that the auto industry is opposing Pro was the First smartphone in Pakistan to offer Vivo’s MML has signed a Joint Venture the unrestricted incentives provided to the Electric revolutionary In-Display Fingerprint Scanning technology, agreement with the Chinese pas - Vehicles (EVs) in the country. They claim that investors eliminating the need for a physical scanning pad. senger car brand “CHANGAN”. can misuse the incentives and damage the whole indus - Keeping in mind Vivo’s tradition to introduce latest tech - Under this MoU, Meezan Bank, try. This has been revealed at a time when several EV nologies at affordable prices in Pakistan, one can certain - MML and MMCL have agreed on a investors have shown interest in the Pakistani market ly hope that this year there are going to be bigger surpris - joint campaign to promote the after the government’s new policies on EVs. es. It is also worth-noting that Vivo does manage to inte - ‘Changan Karvaan’ Passenger mini - EVs have gathered a lot of interest from investors in grate the same features in its budget devices after intro - van through Meezan Bank’s flagship Pakistan but the EDB has started opposing the idea of ducing them in flagship models; just after a year or less. auto finance product ‘Car Ijarah’. unrestricted incentives for such vehicles. The ‘Karvaan’ is a modern and During a meeting held by the Ministry of Industries spacious multi-functional minivan and Production, the EDB members claimed that provid - for the middle-income group with a ing unrestricted incentives is not only risky but an powerful 1.0L engine, 7 spacious Nadeem Malik. Also, it is pertinent to mention unsustainable model in the longer run. seats and powerful Dual AC. Mr. Irfan Siddiqui – President & here that the Mehran VXR variant The EDB requested all the participants of the meeting Facebook reportedly Meezan Bank will provide financing CEO of, Meezan Bank lauded the production will be halted from to share proposals regarding EVs to “formulate policy for this vehicle through an attrac - agreement as a welcome move for April 2019. Also in July last year framework for companies which aspire to bring EVs.” tracks the location of tive financing package including a Pakistan’s Automotive industry and Pak Suzuki issued a notification Participants argued that since EVs have the same range of additional services and said that it will boost healthy com - stating that Mehran VX variant will parts as the fuel cars, incentives should only be given to ‘credible threats’ benefits such as early vehicles deliv - petition in the market. be discontinued by November 2018. the battery and not the whole vehicle. They stated that Facebook's security teams reportedly have a list of people ery as well as free initial services.” Pak Suzuki has launched Mehran The circular reads that the stock this could hurt the part localization segment of the auto they're instructed to watch out for, including ex-employees The signing ceremony took place VX Limited Edition for its cus - of this variant is limited. It is clear industry. A source close to the matter revealed: and users who have threatened the company, according to at Meezan House, Meezan Bank’s tomers. A circular was sent by Pak that Pak Suzuki is bidding farewell There was a concern shared in the meeting that this CNBC. That's a reasonable safety measure, particularly Head Office, Karachi. Suzuki to all its dealerships in to its iconic car which it has been new category may become an avenue to import parts given Facebook recently evacuated its headquarters over a Mr. Irfan Siddiqui – President & Pakistan. They have announced via producing since 1988. and vehicles at next to no tariff and turn the industry bomb scare and a shooter attacked YouTube's HQ last CEO, Mr. Arshad Majeed – Group the circular that they are intro - Pak Suzuki is also planning to year. While many businesses keep records of potential Head Consumer Finance of Meezan duced a Limited Edition of Mehran launch Alto 660cc in upcoming threats, not many will be able to monitor them in a similar Bank Ltd. Mr. Nadeem Malik – VX that ill have AC feature. The months. Three variants of Alto way to Facebook, whose information security team is able Chairman and Mr. Danial Malik – retail price of the vehicle would be 660cc will be launched. The high- to potentially track them through location and IP data. CEO Master Motors Limited attend - PKR 825,000. It will be available in end variant will have auto gearbox Security teams reportedly only track those deemed as ed the ceremony with their respec - white, silky silver and grey colors. and the manual Alto will have two credible threats, such as people who indicate the time and tive teams. MOU has been signed The stock of the Mehran VX variant variants one base model and the location of a supposed attack, or those who attend by Mr. Irfan Siddiqui and Mr. is limited, as per the circular. other will be high spec model.