Day: October 3, 2022

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Punjab University IMME Wins All Pakistan Project Competitions

Lahore, October 03, 2022 (PPI-OT):A group of students from Punjab University Institute of Metallurgy and Materials Engineering (IMME) has won two consecutive All Pakistan Students’ Project Competitions. According to a press release, the Students of final year BSc Metallurgy and Materials Engineering (2018 session) presented their final year project in two scientific competitions and won the positions along with cash prizes.

First competition was organized by Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) at Expo Centre Lahore. Students secured third position along with a cash prize of Rs 50,000. The second competition “1st PEC CAPSTONE Expo Final Year Projects Competition” was organized by Pakistan Engineering Council (PEC) at Faletti’s Hotel Lahore. The said competition was held among 173 shortlisted projects from 40 engineering universities across Pakistan.

Group of IMME students once again won the position and here secured second along with a cash prize of worth one lac rupees. It is pertinent to mention here that the only group among several from Punjab University has won the position and that went to IMME. On the occasion, PU Vice Chancellor Prof Dr Niaz Ahmad Akhtar praised the students on their hard work and especially appreciated the project supervisor Dr Eng. Muhammad Atif Makhdoom and his innovative idea. The chairman and other members of PEC also congratulated Dr Niaz Ahmad Akhtar for organizing the event.

Director IMME Prof Dr Mohsin Ali Raza and faculty members admired the efforts of students. In his statement, Dr Raza said that IMME faculty possessed great talent and also had the potential not only to guide students effectively but also to channelize their energies in more a constructive way to get fruitful results. He said that several students have won various competitions at national level in the recent past. He said that IMME faculty unanimously agrees that such contests were very healthy activities that not only impart a sense of competitions among students but also encouraged them to think out of the box and cover extra miles at a faster pace during studies.

For more information, contact:
Registrar,
University of the Punjab
Quaid-e-Azam Campus, Lahore, Pakistan
Tel: +92-42-99231102
Fax: +92-42-99231103
E-Mail: registrar@pu.edu.pk
Website: http://pu.edu.pk/

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UVAS two flood relief volunteer teams departs to flood affected areas Khairpur and Lasbela (Phase-3) 

Lahore, October 03, 2022 (PPI-OT):The University of Veterinary and Animal Sciences (UVAS) Lahore on Monday depart two flood relief volunteer teams in connection with UVAS Flood Relief and Assistance Campaign 2022 (Phase-3) to the flood affected areas including Khairpur and Lasbela (Sindh and Baluchistan). The teams will provide relief items related to shelter, kitchen unit, medicines and hygienic food like dry ration/feed of animals, crop seed packet as well as veterinary services to the livestock farming community.

Before the departure of volunteers’ teams, UVAS arranged a ceremony in the City Campus. Vice-Chancellor University of Education (UE) Prof Dr Talat Naseer Pasha (SI) presided over the ceremony while Vice-Chancellor Prof Dr Nasim Ahmad, Convener UVAS Flood Relief Management Committee Prof Dr Muhammad Ijaz, Chief Executive Officer Forward Solution Animal Health Company Dr Asim Mahmood Khan and deans, directors, chairmen/chairpersons, from different departments, flood relief management committee members, UVAS flood relief volunteer teams members and faculty members were present.

Addressing the audience, Prof Dr Talat Naseer Pasha said that UVAS always working actively for the betterment of community and accomplished such task smoothly with transparent manner is really appreciable. He advised to forward all your volunteer work to Director Generals Livestock to concerning flood-hit areas. He acknowledged UVAS collective team work in worst flood affected areas especially for the noble cause. He mentioned UVAS playing lead role by serving community services also for the betterment of poor livestock farming community of rural areas.

Speaking on the occasion, Prof Dr Nasim Ahmad said that UVAS collected Rs 23 million donations in the shape of cash and goods so far under UVAS Flood Relief and Assistance Campaign 2022 (run through social, print and electronic media). He said livestock is the only source of livelihood for the majority of rural population and this year due to destruction by heavy floods, the livestock farming community is facing economic losses. He thanked all the donors who showed their trust in UVAS and playing their vital role for the noble cause. He hoped UVAS Flood Relief volunteer teams providing relief services to Khairpur and Lasbela in befitting manners similarly provided their services in phase-1 and phase-2.

He mentioned Chancellor/Governor Punjab Muhammad Baligh ur Rehman, Chairman Higher Education Commission Prof Dr Mukhtar Ahmad, Chairman Punjab Higher Education Commission Prof Dr Shahid Munir and Secretary Livestock Muhammad Malik Bhulla acknowledged UVAS philanthropist services for the betterment of humanity as well as for the uplift of livestock farming community. Later Dr Asim Mahmood presented Rs five lakh cheque as a donation to Prof Dr Nasim Ahmad.

Earlier, Convener UVAS Flood Relief Management Committee Prof Dr Muhammad Ijaz gave a detailed presentation on UVAS initiatives in various disaster relief activities, flood relief camps and assistance activities (advisory meetings, donors conference, Vice-Chancellor visit in flood affected areas, fund raising, collection of goods, packing etc.) of phase-1 and phase-2.

He also shared that in phase-1 and phase-2 large and small animals (buffalo/cattle, sheep and goat, horse, dog and cat) treated 20775, vaccinated 5785, food/ration packets 380, crop seed packets 175, clothes and shawls 186 and 40 kg animal feed bags 1860 provided among flood victims in Fazilpur, Rajanpur, Dera Ghazi Khan, Taunsa Sharif, Rojhan, Charsadda and Layyah with transparent manner. He said UVAS flood relief volunteer teams also distributed other necessary items related to mosquito nets and mats among deserving families of these flood affected areas as well.

For more information, contact:
Public Relations Officer
University of Veterinary and Animal Sciences (UVAS)
Syed Abdul Qadir Jillani (Out Fall) Road,
Lahore – Pakistan
Tel: +92-42-99211374, +92-42-99211449
Email: webmaster@uvas.edu.pk
Website: www.uvas.edu.pk

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1 in 5 Pakistanis claim their house has been previously flooded: Gallup and Gilani Pakistan

Islamabad, October 03, 2022 (PPI-OT):According to a survey conducted by Gallup and Gilani Pakistan, 1 in 5 Pakistanis claim their house has been previously flooded.

A nationally representative sample of adult men and women from across the country was asked the following question,” Has your house ever been flooded before?” 20% of the people responded, ‘Yes’ while 80% said ‘No.’ Amongst the people whose house had been flooded before, 26% were from KPK, 26% were from Sindh, 20% belonged to Balochistan and 15% were from Punjab.

Question: “Has your house ever been flooded before?”

For more information, contact:
Head Office,
Gallup Pakistan
Islamabad, Pakistan
Tel: +92-51-8445080
Email: isb@gallup.com.pk, caf@gallup.com.pk
Website: www.gallup.com.pk

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EMGA completes EUR 9.4M capital raise for Kashf Foundation with financing from BIO

LONDON, Oct. 03, 2022 (GLOBE NEWSWIRE) — The EURO 9.4 million funding facility for Kashf Foundation was originated, structured, and negotiated by Emerging Markets Global Advisory LLP (EMGA), the emerging market investment bank.

Speaking on the transaction, Mr Shahzad Iqbal, CFO of Kashf Foundation said, “Kashf Foundation is registered as a Non-Banking Micro Finance Company regulated by the Securities and Exchange Commission of Pakistan. Set up in 1996 as the first specialized microfinance institution of Pakistan it began its operations as a Grameen replicator and since then, Kashf has successfully carved out a distinct and unique niche for itself in the microfinance sector in Pakistan by offering a suite of innovative and transformative products and services to low-income households especially for women. It has a current outreach of over 600,00+ female borrowers across its 360+ branches with a GLP of USD 90+ million.”

“Just to share that it has always been a pleasure working with EMGA on new transactions to expand our network and outreach. This is the first ever transaction that we are doing with BIO and that too, in Euros. I believe BIO and Kashf will work together and build a strong relationship to increase the financial inclusion in Pakistan and particularly for women. This transaction will help Kashf Foundation to expand its outreach not only in its existing operational areas but also in the new geographical regions across Pakistan.”

Emerging Markets Global Advisory LLP (EMGA)’s Managing Director and Head of Investment Banking Sajeev Chakkalakal said, “It has been a pleasure to continue our long-term partnership with Kashf Foundation and deliver this new financing solution despite the volatile economic environment both within Pakistan as well as globally.” Also commentating on the transaction, Emerging Markets Global Advisory Limited (EMGA)’s Managing Director Jeremy Dobson said, “It was a real pleasure to work with Kashf Foundation again on this latest transaction and help support their female micro-entrepreneur client base.”

Frédéric Vereecke, Investment Officer from the Belgian Investment Company for Developing countries (BIO) commented, “We welcome the opportunity to support Kashf Foundation in empowering women and their families by providing quality financial services to low-income households in Pakistan.”

Kashf Foundation is registered as a Non-Banking Micro Finance Company regulated by the Securities and Exchange Commission of Pakistan. Set up in 1996 as the first specialized microfinance institution of Pakistan it began its operations as a Grameen replicator and since then, Kashf has successfully carved out a distinct and unique niche for itself in the microfinance sector in Pakistan by offering a suite of innovative and transformative products and services to low-income households especially women.

Belgian Investment Company for Developing countries (BIO) supports a strong private sector in developing and emerging countries, to enable them to gain access to growth and sustainable development within the framework of the Sustainable Development Goals. They achieve this by investing in small and medium-sized enterprises, financial institutions, and infrastructure projects, contributing to socio-economic growth in developing countries.

Emerging Markets Global Advisory Limited (EMGA), with offices in New York and London helps financial institutions and corporates that seek new debt or equity capital. EMGA provides its services, to clients within many of the worlds rapidly developing economies, including Pakistan. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues to expand its geographic reach and service offering, as they solidify their place in the market as one of the industries preeminent emerging markets focused investment banks.

Contact details
info@emergingmarketsglobaladvisory.com

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Vontier Completes Acquisition of Invenco

RALEIGH, N.C., Oct. 3, 2022 /PRNewswire/ — (BUSINESS WIRE) — Vontier Corporation (“Vontier”) announced today that it completed its previously announced acquisition of Invenco, a leading global provider of open platform retailing and payment hardware and software solutions. Invenco will function as part of Gilbarco Veeder-Root (GVR), an operating company within the Mobility Technologies platform, to help expand their software-enabled workflow solutions and subscription business model.

Vontier Completes Acquisition of Invenco

As one of the leading suppliers of retailing and payment solutions to the convenience retail industry worldwide, Invenco’s innovative, modern, and highly secure solutions are well positioned to enable retailers to solve for dynamic needs and innovate for different energy futures, digital payments, and consumer services.

This acquisition accelerates our digital strategy and better positions us to serve our customers’ growing demand for secure, digitally agile software systems,” said Mark Morelli, Vontier’s chief executive officer. At the same time, it also delivers on our goal to move up the technology stack, expand our recurring revenue base, and accelerate growth in high-growth markets.”

“We are excited to welcome Invenco to the Vontier family,” said Aaron Saak, President, Gilbarco Veeder-Root. “Invenco immediately enhances GVR’s retail and payment solutions capabilities to deliver on both existing and key emerging market trends. Invenco’s secure, cloud-based open architecture software platform allows fast, low-cost integration while improving customers’ digital agility. Combining Invenco’s disruptive technology platforms with our strong direct channel presence creates a compelling market-leading position to deliver innovative products and solutions for our customers.”

Invenco has made significant investments to accelerate its transformation from hardware to software aligning with Vontier’s evolution to an industrial technology company with software enabled workflows. Vontier remains at the forefront of solving next-generation mobility and transportation challenges. With Invenco’s forward-looking technology Vontier will continue delivering smart, sustainable solutions for its stakeholders, customers and consumers world-wide.

About Vontier

Vontier is a global industrial technology company at the forefront of solving next-gen mobility and transportation challenges. Guided by the Vontier Business System and an unwavering commitment to our customers, Vontier delivers smart, sustainable solutions to create a better world.

About Gilbarco Veeder-Root

Gilbarco Veeder-Root is the worldwide technology leader for retail and commercial fueling operations, offering the broadest range of integrated solutions from the forecourt to the convenience store and head office. For over 150 years, Gilbarco has earned the trust of its customers by providing long-term partnership, uncompromising support, and proven reliability. Major product lines include fuel dispensers, pump media, point-of-sale systems, payment systems, tank gauges and fleet management systems.

Photo – https://mma.prnewswire.com/media/1912500/Gilbarco_Veeder_Root.jpg