EXPERIENCE THE UNSEEN: ‘Dining in the Dark’ on White Cane Day; Sarwat Reinforces Zaamin Group’s Dedication to Inclusivity on White Cane Day

Bridging Gaps through Culinary Excellence: Ali Tareen

KARACHI: In a groundbreaking display of solidarity and empathy for the visually impaired community, Khaas Foodz and Zaamin Group hosted an exclusive event, “Dining in the Dark,” in celebration of White Cane Safety Day 2024. This invite-only evening brought together diplomats, corporate elites, media personalities, and social leaders for a unique sensory experience that went beyond sight.

The event aimed to raise awareness about the challenges faced by blind individuals while empowering them through an immersive fine-dining experience. Guests, seated in complete darkness, relied solely on their other senses – taste, touch, and sound – to enjoy the exquisite cuisine prepared by a talented blind chef, enhancing their appreciation for the daily experiences of visually impaired individuals. The event was a powerful reminder of how small adjustments can foster deeper empathy and inclusivity in society.

Led by the founder of Khaas Foodz, the blind chef Fizza Hussain curated a menu that delighted the senses in innovative ways. With no reliance on visual cues, guests experienced the full range of flavors and textures in each dish, highlighting the remarkable abilities of the chef and other visually impaired individuals. Blindfolded with black stripes, the attendees embraced the darkness as they explored the extraordinary culinary creations using only their heightened senses of smell, taste, and touch.

Adding to the ambiance of the evening was a soul-stirring musical performance by Adnan Ahmed and Khalid M.K Anwer, whose talents resonated deeply with the audience. The performances brought a sense of emotional connection, reinforcing the idea that the visually impaired are not defined by their disabilities but by their immense potential. The mesmerizing music created a reflective atmosphere, leaving a lasting impact on all who attended.

Among the notable attendees were members of the Rotary Club, Khudi, academia, media professionals, government officials, and diplomats including the Counsel General of Iran, Mr & Mrs Ataka from the Japanese Embassy in Karachi. Through this collective experience, the guests demonstrated their support and solidarity with the visually impaired community, fostering a deeper understanding of their daily challenges.

Ali Tareen, CEO of Khaas Foodz, emphasized the mission of the event: “We’re bridging gaps and empowering the visually impaired through culinary excellence. This evening was not just about a meal; it was about recognizing the abilities and talents of those who navigate life differently.”

Sarwat Nasim Shah, Managing Director of Zaamin Group, shared her thoughts on the partnership: “Our collaboration with Khaas Foodz showcases our commitment to social responsibility and inclusivity. We want to create more opportunities for individuals with disabilities and spread awareness about the importance of empathy and understanding.”

As the evening came to a close, guests reflected on the power of such initiatives to inspire meaningful conversations and promote inclusivity. Both Khaas Foodz and Zaamin Group pledged to continue working on projects that empower visually impaired individuals and encourage the community to join them in future events.

The success of “Dining in the Dark” has sparked excitement for future initiatives, as both organizations aim to make a lasting impact in promoting awareness for the visually impaired.

For those interested in experiencing this transformative event, stay tuned for future opportunities to participate in groundbreaking sensory journeys that challenge perceptions and build a more inclusive world.

The post Metro Matters By Manzar Naqvi 15-10-2024 appeared first on The Financial Daily.

Yang hosts symposium on ‘Perceiving China’ Summer Camp for visiting KU team

Yang Yundong the Consul General of China in Karachi invited the Karachi University Students “Perceiving China” Summer Camp to visit the Consulate during the reported week. The delegation of 12 teachers and students from well-known universities such as the University of Karachi visited Beijing, Chengdu and other places under the arrangement of Sichuan Normal University.
Yundong Yang congratulated the successful holding of the “Perceive China” summer camp for Qatari colleges and universities in China, and believed that through this visit, they had a deeper understanding of China’s long-standing civilization and rapid economic and social development. He hoped that more young students would learn Chinese well, serve as ambassadors of friendly exchanges between China and Pakistan, and contribute to the development of relations between the two countries.
Representatives of teachers and students talked about what they saw and heard during their stay in China, and praised China’s tremendous development achievements. They said that this visit will be unforgettable, and they will work hard to learn Chinese, tell the story of China-Pakistan friendship well, enhance the Pakistani people’s understanding of Chinese culture and China’s development, and continue the traditional friendship between China and Pakistan.

Cemal Sangu graces the 34th LadiesFund Power Lunch

The 34th LadiesFund Power Lunch, a much-anticipated networking event, was graced by Cemal Sangu, Turkish Consul General to Karachi as the Chief Guest during the last week. This dynamic session brought together 50 distinguished women leaders, marking a significant milestone in the ongoing efforts to amplify women’s voices in high-level networking spaces.
“We continue to transform the way power spaces and networking at the highest level take place, placing women front row and center in these conversations,” stated LadiesFund President Tara Uzra Dawood. “With this thirty-fourth lunch, we further grow this pool as agents of change and the sectors represented.”
Cemal Sanguexpressed his honor at being the Chief Guest, noting, “It was a privilege to be part of such a gathering of some of the most interesting and amazing women, and a handful of dynamic men.” He highlighted the long-standing collaboration between the Turkish Consulate and LadiesFund, which includes bringing top Turkish female speakers to Pakistan and sponsoring Pakistani girls to study in Turkiye. “We look forward to this close relationship continuing from strength to strength. Where there is a woman, there is magic!”
The event featured notable comments from several distinguished attendees.
Yasmeen Lari shared her enthusiasm, saying, “I really enjoyed the LadiesFund gathering of like-minded friends and interesting people, all discussing ways to contribute to a better Pakistan.”
Nargis Rehman, Convener of Karachi Citizens’ Forum, remarked, “LadiesFund events are some of the most substance-filled. It has been a learning experience for me to connect with a diversity of exceptionally talented achievers.”
Sculptor Amin Gulgee noted, “The cross-section of interesting, trailblazing women across sectors makes the LadiesFund power lunches one of the most dynamic and energizing gatherings in town.”
Niilofur Farrukh, CEO of Karachi Biennale, appreciated the carefully designed menu and Uzra Dawood’s commitment as the founder of this dynamic initiative.
Masarrat Misbah, Founder of Depilex Group, reflected, “From the very first time I attended a LadiesFund event 10 years ago, it has always been a delight and a special networking platform.”
Saira Awan Malik, President of TCS Pvt. Ltd., commented on the collaborative spirit of the gathering, saying, “It was refreshing to spend an afternoon with incredible women and a few men, comparing notes on how we can help our nation and women.”
Faisal Kachelo, CEO of Kachelo Fruit Farms, enjoyed the opportunity to work together for the betterment of Pakistan.
Ameena Saiyid praised the professionalism and invigorating dialogue at LadiesFund power lunches.
The event’s Beauty Partner was Nighat Misbah at Depilex Beauty Clinic and Institute. Chief Guest Gift Partners were Maccarron and Madiha Sikander Illustrations, with Shireen as the Official Gift Partner.
LadiesFund continues to champion women’s empowerment, diversity, and inclusion, setting a high standard for impactful networking events.

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Faculty members from the Department of Humanities and Social Sciences (H&SS) at Bahria University Karachi, including the Secretary and a member of the Corporate Advisory Committee (CAC), visited the Turkish Consulate in Karachi during the reported week. They met with the Consul General of Turkiye, CemalSangu, who warmly welcomed the delegation with his ever-smiling and active demeanor.
The delegation was led by Dr. Sahar Afshan (Head of the Department of Humanities and Social Sciences) and included Urooj Aijaz (Secretary of CAC/Faculty), Qaiser Zaman (Faculty), Arif Khan (Faculty), Munizza Asad (Faculty), Manzar Naqvi (Member of CAC), and Noman Nizami (TFD).
During the meeting, the delegation proposed the initiation of Turkish language classes at the Department of Humanities and Social Sciences at Bahria University and requested the provision of a Turkish language teacher. The Consul General assured them of his full cooperation. Additionally, he briefed the delegation on the long-standing relations between Pakistan and Turkiye and the services provided by the Consulate in Karachi.

KEC members visit Central Jail Karachi

Senior members of the Karachi Editors Club visited Central Jail Karachi during the reported week and observed various facilities provided to prisoners. These included basic education, language courses, arts classes, music classes, education of the Quran and Sunnah, fine arts, and other programs promoting religious harmony and freedom for all sects, including Sunni, Shia, Christians, Hindus, and others.
Despite limited resources, the prison staff is dedicated, hardworking, and diligent in serving the prisoners. Although the jail has a capacity for two and a half thousand prisoners, they are working on the rehabilitation and training of over seven thousand prisoners. Jail Superintendent DIG Abdul Karim Abbasi shared these views while speaking to a delegation led by Karachi Editors Club President Mubasher Mir and Secretary General Manzar Naqvi during their visit to the Central Jail. Other club members were also present.
During this special conversation with journalists, DIG Abdul Karim Abbasi emphasized that when work is viewed as worship, it can be performed excellently as it pleases Allah and His Messenger. He stated that enduring pain and hardship becomes easier when one is committed to their work. He highlighted that their efforts are not individual but are supported by the cooperation of the IG, DIG, and staff, enabling them to fulfill their duties effectively.
Abbasi mentioned that support comes not only from the Sindh government but also from philanthropists and various organizations. He noted that this historic jail, built in 1899, originally had a capacity of only two to three thousand prisoners.
The administration and prisoners face challenges, but they have an excellent kitchen that provides appropriate meals twice a day, along with breakfast that includes eggs and other items, arranged by the provincial government.
He pointed out the strict discipline in the jail, where every prisoner is engaged in their respective work, whether in worship or other activities. Abbasi hoped the visitors were satisfied with the environment they observed.
Earlier, Deputy Superintendent Muhammad Yousuf gave a detailed tour of the jail to journalists, briefing them about each department. He showcased beautiful handicrafts, women’s shoes, and purses made by prisoners, along with valuable paintings and calligraphy created by prisoners Ijaz and Aziz. Journalists were also shown departments where prisoners learn various languages, including Chinese and Arabic, as well as modern computer education. The exemplary facilities provided to prisoners include basic education, language classes, fine arts, paintings, and religious education.
Muhammad Yousuf expressed the desire for prisoners to utilize their time productively so that upon release, they focus on better livelihoods instead of crime. He emphasized the crucial role of family, parents, and teachers in preventing crime and highlighted the importance of young people’s actions in influencing their siblings. Understanding right from wrong and the impact of one’s actions on the family is essential.
He hoped the visit would send a positive message to young people, stressing the need to eliminate envy as it harms society. Yousuf lamented the decline in elders discouraging wrongdoing and called for good upbringing to eradicate street crimes. He underscored the preciousness of human life and the duty to protect it, as the loss of one life can devastate an entire family. The government plans to build more jails in different cities to reduce the burden on Central Jail, making it easier for prisoners to meet their relatives. Welfare organizations are assisting, and Yousuf hoped the visitors found the environment satisfactory. The delegation noted that the calligraphy and paintings on the jail walls significantly improved the environment, and they enjoyed a beautifully managed music session by the prisoners.

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In the realm of exemplary service and unwavering commitment to humanity, Dr. Nasir Saleem Nasaka (D.A.M.S., M.D.A.M.(Gold Medalist), Ayurveda Charya deserves to be recognized with a Civil Award from the Government of Pakistan for his exceptional dedication and service to the field of healthcare.
Dr. Nasaka’s outstanding journey as Pakistan’s sole Ayurvedic practitioner spans over four decades, during which he has provided free medical care using Ayurvedic herbs. His expertise and compassionate approach have led to significant success in treating a diverse range of diseases, including cancer, thalassemia, muscular dystrophy, lupus, and various skin conditions.
What sets Dr. Nasaka apart is not just his proficiency in Ayurvedic medicine but also his unwavering commitment to patient well-being. He has become a beacon of hope for those facing terminal diseases, offering unique diagnostic skills and herbal remedies free of charge. The impact of his treatments is evident in the stories of numerous patients who have experienced remarkable recovery under his care.
Dr. Nasaka’s altruistic spirit is truly commendable. Regardless of their background, he provides consultations and medicines without imposing any financial burden on the patients. This humanitarian approach has earned him both national and international acclaim, underscoring the universal nature of his contributions to healthcare.
Dr. Nasaka’s impact extends beyond the individual patient level. His experience and expertise could be leveraged for the greater benefit of Pakistanis by encouraging him to establish a research institute dedicated to Ayurveda. This institute could serve as a hub for the preparation of future Ayurvedic doctors in Pakistan, ensuring that his knowledge is passed on to the next generation of healthcare professionals.
Having personally witnessed Dr. Nasaka’s commitment to providing free consultancy and medicines, it is evident that his resources are currently limited, restricting the number of patients he can reach. I urge philanthropists in Pakistan to come forward and support Dr. Nasaka in establishing a research institute along with a teaching hospital. This support could further extend to providing agricultural land, allowing him to grow the herbs needed for Ayurvedic medicines.
Dr. Nasaka envisions the establishment of the first-ever Ayurvedic Hospital, the first-ever research center for Ayurvedic Medication, and the first-ever agri-research center for herbs in Pakistan. By supporting these initiatives, we can not only enhance healthcare services but also contribute to the development of Ayurveda as a respected medical practice in the country.
Dr. Nasir Saleem Nasaka stands as a shining beacon of selflessness and dedication. His remarkable contributions have not only transformed lives but have become a testament to the transformative power of dedication and compassion.
Dr. Nasaka’s journey in the field of service commenced with a simple yet profound belief in the transformative power of healthcare. As a dedicated medical professional, he not only treated patients but played a pivotal role in community health initiatives, extending his reach to the underprivileged and underserved areas of Pakistan. His tireless efforts have gone beyond the call of duty, reflecting a deep-rooted commitment to improving the overall well-being of society.
One of Dr. Nasaka’s most significant contributions lies in his efforts to advance healthcare accessibility. In a country where navigating healthcare infrastructure can be challenging, Dr. Nasaka has been a driving force in establishing clinics and medical facilities in different areas of Karachi. Through his visionary leadership, countless individuals who once lacked access to basic medical care now have a fighting chance against diseases and ailments.
Beyond healthcare, Dr. Nasaka has played a pivotal role in education and empowerment. Recognizing the correlation between education and societal progress, he has been instrumental in establishing schools and educational programs in underserved communities. His initiatives have empowered countless individuals, opening doors to a brighter future and breaking the cycle of poverty.
Moreover, Dr. Nasaka’s commitment to women’s empowerment deserves special mention. Through various initiatives, he has worked towards providing women with the tools and resources needed to excel in various fields. By advocating for gender equality and providing opportunities for skill development, he has contributed to building a more inclusive and progressive society.
Dr. Nasir Saleem Nasaka’s contributions to healthcare in Pakistan are exceptional and deserving of the highest recognition. I am optimistic that the Government of Pakistan will acknowledge his selfless service by awarding him a Civil Award. This recognition will not only honor Dr. Nasaka but also inspire others to contribute to the well-being of society in their respective fields.
Dr. Nasaka’s journey serves as a source of inspiration for aspiring healthcare professionals, philanthropists, and community leaders. His dedication to service transcends the boundaries of conventional roles, embodying the spirit of selflessness and compassion. Recognizing and honoring his contributions with a civil honor would not only be a tribute to his individual efforts but also a celebration of the values that define the nation.
In a world often marred by challenges, Dr. Nasaka stands as a beacon of hope and inspiration. His commendable services in healthcare, education, and humanitarian work have left an indelible mark on the lives of countless individuals. Recognizing his contributions with a civil honor from the Government of Pakistan is not just an acknowledgment of his individual achievements but a celebration of the collective spirit of service that defines the nation. Dr. Nasaka’s story is a testament to the transformative power of unwavering dedication to the well-being of others, a story that deserves to be honored and remembered.

The post Metro Matters by Manzar Naqvi 09-01-2024 appeared first on The Financial Daily.

Heroic Rescue: Muhammad Aamir Baladi’s courage amidst RJ Mall Fire

During the reported week, TFD News, a YouTube channel affiliated with The Financial Daily, extended a heartfelt invitation to recognize and honour the exceptional courage of Muhammad Aamir Baladi. Adil Ashary from the USA, deeply moved by Aamir’s bravery, and graciously proposed a commendable reward of Rupees one hundred thousand as a token of appreciation.
This recognition not only pays tribute to Aamir’s heroic actions but also acknowledges the tremendous risks he undertook to save lives during a devastating fire that engulfed RJ Mall on Rashid Minhas Road in Karachi.
Aamir Baladi, a true hero and a dedicated employee at Media Pulse Advertising in Karachi, played a pivotal role in rescuing approximately 25 individuals during the fire at R.J. Shopping Mall near Dalmia. His extraordinary deeds caught the attention of Adil Ashary, a board member of The Financial Daily from the USA, who first learned of Amir’s heroism through the “Zra Hut Kay” program on Dawn News TV, hosted by Wusatullah Khan. In this program, Muhammad Aamir eloquently recounted the harrowing event, detailing how he successfully rescued people, including his own son Subhan, aged 21.
Amir’s distinction in acts of exceptional courage during the fire incident at RJ Mall was officially recognized in a Press release issued by Media Pulse. As flames rapidly consumed the upper floors of the Mall, trapping around 25 individuals, including Aamir’s son Abdul Subhan, the situation became dire. Subhan’s urgent call to his father seeking help set the stage for a remarkable display of heroism.
In response to the distress call, Aamir, an air-conditioner technician, not only alerted the fire brigade but also volunteered to unlock the lift, providing crucial access to the upper floors. Collaborating with a firefighter, Aamir ascended the fire brigade’s ladder, demonstrating remarkable composure as he quickly opened the lift door, breaking the glass with a hammer to facilitate a rapid and safe evacuation. Using an axe, Aamir and the firefighter skillfully breached the grill, executing a daring rescue mission that included saving a girl with the aid of a cutter.
Upon reaching the fourth floor, thick smoke enveloped their surroundings, intensifying the challenges of breathing and visibility. Undeterred by these perilous conditions, Aamir and his firefighting companion pressed on, guiding all the trapped individuals on that floor to safety through the same route they had used to access the building.
Reflecting on the ordeal, Aamir recounted the overwhelming smoke, even with protective masks. Despite initially encountering sealed routes in the chaotic situation, they demonstrated resilience, breaking through obstacles and leading everyone to safety outside the building.
In the midst of the chaos, Muhammad Aamir’s quick thinking and unwavering bravery emerged as a beacon of hope. His selfless and determined efforts to rescue those trapped inside the blazing building showcased an extraordinary level of courage. Despite the imminent danger from smoke and flames, Aamir’s resolve to save lives stood as a testament to his heroism, earning him well-deserved praise and admiration from both the local community and authorities. His actions serve as a poignant reminder of the extraordinary valor that ordinary individuals can display in times of crisis.
It is essential to note that the government has filed an FIR for the fire incident at Gulshan-e-Johar Shopping Mall, reporting 11 lives lost and five individuals sustaining injuries in this tragic event. The impact of Aamir’s courageous act resonates even more profoundly within the context of this heartbreaking loss, highlighting the crucial role played by individuals like him in the face of calamity.

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The Fifth Adab Festival Pakistan for the year 2023 concluded its two-day celebrations during the reported week, culminating on the second and final day at Habitt City. This literary spectacle left attendees enriched, awestruck, and culturally awakened. The event unfolded a diverse array of intellectual discussions, book launches, and unique happenings that contributed a fresh dimension to the cultural tapestry of Pakistan. Serving as a melting pot of ideas, the festival provided a platform for free expression, empowering the audience to share their thoughts and creations during an engaging open mic session.
The day commenced with a riveting interview featuring Ambassador and Additional Foreign Secretary Mumtaz Baloch, skillfully conducted by Sarmad Ali. Following this, a profound discussion on “The Reality of Artificial Intelligence” unfolded with Syed Irfan Hyder, Rabeel Waraich, and Bina Shah, moderated by Umer Khan.
The discourse on “Human Sciences Education in the Anthropocene,” led by Muhammad Haris, Shama Dossa, and Anum Asi and moderated by Nauman Naqvi, explored the pivotal role of education in addressing contemporary challenges such as environmental sustainability and social justice.
The captivating performance “Adab ki Dastak” by teachers and performers Atif Badar and Yasmin Motasim showcased the art of dramatic readings and Dastan Goi, immersing the audience in the rich tapestry of storytelling.
“Building a Generation: Are Schools Passing their Exam?” featured speakers Salma Alam, Rana Hussain, Hassan Khan, and Faisal Mushtaq, critically examining the modern role of schools in shaping responsible citizens.
“Breaking Boundaries: Inspiring Men in Humanities” brought speakers Jehan Ara, Muhammad Ashar Khan, Rehan Sheikh, and Hamza Bin Sajjad together to discuss breaking stereotypes and promoting boys in social sciences, moderated by Inaam Nadeem.
A thought-provoking dialogue featuring KishwarNaheed, Afzal Syed, and Iftikhar Arif, led by Zehra Nigah and moderated by Shoaib Arshad, explored the significance of Mushaira in Pakistan and its role in intellectual and academic discussions.
The clash between social media and traditional media was dissected in a session featuring Shahab Rizvi, Sarmad Ali, and Bilal Ahmad Memon.
Kishwar Naheed’s latest book, “Tar Tar Pairahan,” was celebrated with recitals by the legendary poet herself, alongside speakers Noor-ul-Huda Shah and Syed Jaffar Ahmed.

The audience delved into sessions on Higher Education with Anjum Halai, Talib Karim, Anzar Khaliq, and Moeed Yusuf, moderated by Shahnaz Wazir Ali, and “A Forest in Peril,” featuring a documentary screening and discussions on mangroves led by Tariq Alexander Qaiser and Umber Khairi.
Shahbaz Taseer’s gripping experiences during captivity were shared in a session on his bestselling book, “Lost to the World: A Memoir of Faith, Family, and Five Years in Captivity,” with Razi Ahmed, Framji Minwalla, and Omayr Aziz Saiyid.
The intersectionality of storytelling, media, and mental health was explored by Dr. Ayesha Mian and Ziad Zafar in a meaningful discussion moderated by Aliya Iqbal-Naqvi.
Literature, education, and societal reflections were encompassed in discussions on books by Syed Kaleem Imam and Ishrat Hussain, along with a session on the works of poet Tanveer Anjum.
Zahid Hussain’s book, “Face to Face with Benazir,” brought Sherry Rahman, Raza Rabbani, Ghazi Salahuddin, and the author together to discuss Benazir’s life and legacy.
Additional sessions covered books like ‘Betrayal’ and ‘Qaidi’ by Omar Shahid Hamid with Inaam Nadeem and Aysha Baqir, and ‘Pakistan ki Zarkhez Zabanein,’ exploring the growth of Pakistani languages.
The festival reached its zenith with the performance ‘Art Ya Aata’ by GRIPS Theatre, paying tribute to the late Imran Aslam and featuring actors Khaled Anam, Faiza Kazi, Khalifa Sajeeruddin, Ameed Riaz, and Aysha Sheikh.
Adab Festival Pakistan 2023 solidified its standing as a dynamic platform for intellectual exchange and cultural celebration, thanks to the support of sponsors like Lightstone Publishers, Getz Pharma, British Council, Habib University, and others. The festival’s commitment to nurturing Pakistan’s literary and cultural landscape echoed through its diverse sessions, performances, and book launches, creating a lasting impact on the cultural tapestry of the nation.

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Revolutionizing financial services: Unveiling the ‘Online Only Broker’ model at PSX

Farrukh A. Khan, the Managing Director of the Pakistan Stock Exchange (PSX), and Raeda Latif, Head of Communication at PSX, hosted a breakfast meeting in the boardroom of PSX during the reported week, where they invited seniors from the journalist community for the briefing on “Online Only Broker”. This gathering served as a platform to unveil the groundbreaking nature of the Online Only Broker model, highlighting its adept use of technology to reshape the brokerage landscape. The approach, forward-looking in essence, not only streamlines processes but also introduces a cost-effective method for market participation, marking a significant leap forward in financial services.
During the PSX officials briefing on “Online Only Broker” on Thursday the KEC 100 Index crossed the 57,000 mark in trading activities. Participants and media representatives conveyed their congratulations to Farrukh and Raeda for this accomplishment. In response, the positive market reaction was attributed to the economic policies and reforms implemented by the caretaker government.
Further delving into the discussion on the Online Only Broker model during the briefing, Farrukh Khan emphasized its significance in the swiftly evolving financial markets. Distinguished by their fully digitized platforms, these brokers represent a paradigm shift in the provision of brokerage facilities. By exclusively operating through digital platforms, Online Only Brokers eliminate the need for physical offices, head offices, or branches, contributing to a more focused market approach. Notably, these brokers enjoy an exemption from the statutory audit requirement by an Auditor of category ‘A’ or ‘B,’ as outlined by the State Bank of Pakistan (SBP) Panel of Auditors.

Farrukh underscores the fact that customers engage with Online Only Brokers, exclusively through designated online channels, encompassing various facets such as account initiation, trading activities, and reporting. The trading procedures are executed seamlessly without human involvement, adhering to the stipulations outlined in Chapter 9 of the PSX Rule Book. Additionally, Online Only Brokers possess the flexibility to establish a Customer Facilitation Center (CFC) in accordance with the guidelines set forth in Chapter 22A of the PSX Rule Book. Notably, they are exempted from Clients’ Assets Segregation reporting, a mandatory requirement for other broker categories, both on a fortnightly and annual basis.
As the financial landscape undergoes continuous transformation, the Online Only Broker model emerges as a trailblazing force, epitomizing efficiency, technological prowess, and adaptability. Ongoing reforms and policies contribute to a positive market sentiment, laying the groundwork for a new era in financial services.
MD PSX has outlined the prerequisites for Online Only Brokers, emphasizing the imperative of acquiring a license from the Securities and Exchange Commission of Pakistan (SECP) and obtaining a Trading Right Entitlement Certificate (TRE) from PSX. Furthermore, these brokers are required to designate a Clearing Member, choosing between a PCM and T&C, and are restricted from partaking in proprietary trading activities. The maintenance of a robust system infrastructure is vital for their operational efficiency, encompassing a functional website, internal control procedures, and technology that supports Internet-Based Trading Services (IBTS). Adherence to well-defined procedures for client access to IBTS, covering crucial aspects like trading limits, order placement and execution, trade confirmation reporting, margin requirements, and margin calls, is deemed essential in accordance with Chapter 9 of the PSX Rule Book.
In terms of financial considerations, Online Only Brokers are subject to a one-time PSX Trading Right Entitlement (TRE) Certificate fee of Rs 1.25 million. They are obligated to uphold a minimum net worth of Rs 7.50 million consistently, with a Base Minimum Capital (BMC) of Rs1 million deposited with PSX. The licensing fees for SECP amount to Rs50,000, coupled with an annual renewal fee of Rs25,000. Details regarding trading and IT charges can be found in the Standard Schedule of Charges available on the PSX website.
During discussions with the senior media community, the PSX management underscored that the ongoing Investor Awareness initiatives and the introduction of innovative dimensions in stock market trading, such as Online-Only Brokers, will significantly contribute to bolstering investors’ confidence. This, in turn, is anticipated to stimulate increased trade volumes and foster the continued growth of the capital market.

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JDC Foundation: Making a difference in services to humanity

Zahid Hameed, Chairman of CSR KATI, along with Danish Aman and Amir Chottani, recently hosted an evening to kick-start the first-ever fundraising campaign for the JDC Foundation. The event, held during the reported week, the event saw the presence of esteemed members of Karachi’s business community. Kamran Tessori, the Governor of Sindh, who graced the occasion as the Chief Guest, alongside Murad Ali Soni, Chief Community Policing Karachi, and Faraz Ur Rehman, President of KATI, who were guests of honored.
In his speech as the Chief Guest, Kamran Tessori commended the valuable services provided by JDC Foundation to the entire nation. He praised Syed Zafar Abbas, the CEO of JDC, as a well-known and widely respected figure among the masses. Tessori acknowledged Zafar Abbas’s decade-long dedication to humanitarian causes, noting that despite never soliciting donations previously, he had now found it necessary due to the increased costs of importing equipment and medicines for social work. He humorously quipped about the rise in the dollar exchange rate being attributed to Zafar Abbas’s efforts.
During the event, Kamran Tessori generously announced a donation of two million rupees from his own pocket, highlighting his steadfast support for Zafar Abbas over the years. He urged the business community to follow suit and contribute to the noble cause championed by JDC.

In a heart-rending address, Zafar Abbas, the CEO of JDC Foundation, shared the organization’s remarkable journey and the significant impact of its initiatives. He outlined the foundation’s mission, accomplishments, and unwavering commitment to improving the lives of millions.
Zafar Abbas emphasized that JDC Foundation has expanded its scope beyond flood disaster relief to establish a robust infrastructure for disaster management. The organization operates on the principle that charitable efforts should bring happiness and equality to people of all ages, classes, religions, and ethnicities.
Zafar Abbas revealed that this donors’ conference marked a new chapter for JDC Foundation, as they had previously only approached Kamran Tessori and Murad Ali Soni for support. He stressed that JDC serves humanity without discrimination based on religion, sect, province, or location. He mentioned that JDC incurs annual expenses of up to 4 billion rupees, that is why he decided to participate in the first-ever fundraising conference for JDC. He has supported other NGOs in the past for their fundraising endeavors, he added.
Zafar Abbas shed light on several of JDC’s ongoing initiatives, including the provision of free medical testing facilities and upcoming plans to introduce complimentary MRI services. He also underscored the organization’s commitment to establishing 50 free dialysis centers throughout Pakistan. Currently, several of these centers are operational in Karachi, providing vital services to thousands of patients at no cost, while a new center in Sialkot is poised to commence operations. JDC has diligently established multiple centers dedicated to serving patients without imposing any charges.
Additionally, JDC has set up a free graveyard, an old-age home, free Dastarkhawns (food distribution center), and a free mobile restaurant. The organization distributes ration bags to the needy and has plans to create the world’s largest free mortuary center, a diagnostic lab, an orphanage, a 24/7 free hospital, and a free schooling system. Zafar Abbas proudly noted that one of JDC’s schools meets the standards of the prestigious Beaconhouse Schools, with air-conditioned classrooms in every grade.
Zafar Said, established in 2010, JDC Foundation is driven by a mission that transcends borders, focusing on serving humanity’s basic needs during natural disasters and crises. The organization is committed to uplifting the underprivileged, seeking justice, and offering hospitality to those in need, guided by Islamic teachings and democratic moral ethics.
Zafar Abbas emphasized that JDC Foundation operates independently, relying solely on the generous donations of its members and non-members. The organization does not receive government funding and maintains transparent financial accounts open to donors for audit inspections, ensuring trust and transparency in its operations.
Zafar expressed gratitude to sponsors for their pivotal role in JDC Foundation’s journey, emphasizing their unwavering trust and commitment to the organization’s cause. He looked forward to strengthening these partnerships to further their mission.
Highlighting the organization’s impact, Zafar Abbas proudly stated that over 300,000 people benefit daily from JDC Foundation’s services and support. Initiatives range from vocational training to educational assistance, support for marriages, loans for small-scale businesses, and providing vehicles for employment opportunities. Women are empowered economically with sewing machines and other resources.
Zafar Abbas extended heartfelt gratitude to all supporters, volunteers, sponsors, and team members who have played vital roles in shaping JDC Foundation’s success. He stressed that every contribution, regardless of size, significantly impacts the lives of those they serve. With continued support, the organization aims to expand its reach, touch more lives, and continue its pursuit of happiness through charitable efforts.
Zafar Abbas concluded by reaffirming JDC Foundation’s commitment to its mission, where charitable efforts are truly aimed at bringing happiness to all. Murad Ali Soni, Faraz Ur Rehman, Asim Sam Sam, and Hanif Khan also spoke during the event, praising the remarkable services of JDC and Governor Sindh. The Consul Generals of the UAE and Oman were also present on this auspicious occasion.

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Russian Ambassador to Pakistan Ganich condemns Israeli govt’s disproportionate use of force against Palestinian civilians

The Pakistan council on Foreign Relations (PCFR), a distinguished Karachi-based think tank, recently hosted a dinner in honour of Russian Ambassador to Pakistan, Danila Ganich. The event centered on the theme of “Pakistan-Russia Relations and Russia’s Role in the Evolving Global Dynamics” and featured an interactive session.
The gathering took place in Karachi at the residence of Ahsan Mukhtar Zubairi, the Secretary General of the PCFR, and included prominent speakers who shed light on the crucial dynamics of this geopolitical relationship. Notably, several Consul Generals from different countries in Karachi attended, including those from Iran, Turkey, Oman, China and Russia, among others. Elite members of the business community and media were also present.
The hosts of this exclusive ceremony extended a warm welcome to the attendees, followed by a sumptuous dinner. Mrs. and Ahsan Zubairi graciously received and saw off the distinguished guests.
Danila V. Ganich, the esteemed Ambassador of the Russian Federation, and Ambassador Qazi M. Khalilullah, former Pakistani Ambassador to Russia, graced the session with their profound insights. The event commenced with a cordial welcome from Zubair Tufail, the Co-Chief Patron of PCFR, who greeted the attendees and provided a brief overview of the Council’s initiatives and activities.
In his opening remarks, Zubair Tufail emphasized Russia’s enduring status as a global powerhouse, highlighting its vast geographical expanse, abundant energy resources, advanced nuclear capabilities, and its coveted permanent seat at the United Nations Security Council. He articulated that, given these exceptional attributes, Russia holds a pivotal role in shaping contemporary global dynamics.

Ambassador Khalilullah, who also served in Russia, underscored the strong foundation of mutual respect and trust characterizing the relationship between Pakistan and Russia. He emphasized that Russia has played a pivotal role in fostering an enabling environment that has sustained bilateral relations based on mutual interests. This has been evident through significant high-level military exchanges, trade agreements in the energy sector, and collaborative efforts to enhance food security.
Additionally, Ambassador Khalilullah addressed the ongoing crisis and instability in Afghanistan, urging Russia to play a constructive role in facilitating peace negotiations. He stressed the importance of expanding economic cooperation, particularly in the areas of liquefied natural gas (LNG), liquefied petroleum gas (LPG), and electricity, as means to promote stability and development in the region.
Danila Ganichin his address acknowledged the positive trajectory of Russia-Pakistan relations, emphasizing their organic evolution. He expressed Russia’s unequivocal commitment to fostering collaboration and establishing an equal partnership for the mutual benefit of both nations. Ambassador Ganich stressed the need for an enhanced role by the Pakistani government in driving economic cooperation initiatives, as well as advocating for the development of independent payment structures to facilitate smoother transactions.

Ambassador Ganich also strongly condemned the Israeli government’s disproportionate use of force against Palestinian civilians in retaliatory actions. He reaffirmed Russia’s unwavering call for an immediate ceasefire and the urgent provision of humanitarian assistance to alleviate the suffering in the affected regions.
In his closing remarks, Ambassador Hasan Habib, Chairman PCFR, commended Ambassador Ganich’s insightful remarks and expressed optimism about the full realization of the potential in Pakistan-Russia relations for the mutual benefit of both nations.
Ahsan Mukhtar Zubairi, Secretary General of the PCFR, presented commemorative souvenirs to the distinguished guests, symbolizing the enduring friendship between the two countries.
This interactive session organized by the PCFR served as a platform for in-depth discussions on the multifaceted aspects of Pakistan-Russia relations and how Russia’s involvement influences the evolving global landscape. Participants had the opportunity to engage in meaningful dialogues, exploring the strategic significance of this bilateral relationship and its implications for the global order.
Key points of discussion included Russia’s global influence and its pivotal role in shaping contemporary geopolitics, as well as the need for expanded economic cooperation and efforts to promote stability, particularly in the context of Afghanistan.
Overall, the event showcased the promising trajectory of Pakistan-Russia relations and the potential for a mutually beneficial partnership, with both nations working together to address regional and global challenges.

The post Metro Matters By Manzar Naqvi 24-10-2023 appeared first on The Financial Daily.

Yang Yundong, Consul General in Karachi, called on the caretaker Chief Minister of Sindh, Justice (Retd) Maqbool Baqar, and the new Chief Secretary, Mohammad Fakhre Alam Irfan, respectively.
Consul General Yang congratulated to the caretaker CM Sindh and the Chief Secretary Sindh on their appointment. On this occasion, Yundong said that China-Pakistan friendship spans time and space, is unbreakable, and is deeply rooted in the hearts of the two Nation. The China-Pakistan Economic Corridor (CPEC) has achieved fruitful results since its launch ten years ago, and has extensively benefited the two countries and their peoples. The Chinese Consulate General is willing to work with all walks of life in Sindh to strengthen practical cooperation in various fields and accelerate the building of a closer China-Pakistan community with a shared future in the new era.
Both the dignitaries CM and CS during this meeting with the CG China expressed their gratitude for China’s steadfast and longstanding support to Pakistan. They reaffirmed their eagerness to actively foster enhanced exchanges and cooperation with China. Moreover, they extended a warm welcome to a greater influx of Chinese enterprises, encouraging investments and business ventures within Sindh province to facilitate mutual growth. The Sindh provincial government pledged to take comprehensive measures to ensure the safety and security of Chinese citizens, institutions, and projects. Their commitment further extends to providing unwavering support for the high-quality advancement of the CPEC.

KEC organises interactivesession with JI leader Dr Hafiz Naeem-Ur-Rehman

The Karachi Editors Club orgainsed an interactive session with Dr. Hafiz Naeem-Ur-Rehman, Ameer Jamat-e-Islami Karachi, during the reported week. Colonel (Retd) Mukhtar Butt presided over the event, with Dr. Hafiz Naeem Ur Rehman gracing the occasion as the Chief Guest.
Driven by a commitment to secure basic rights for the citizens of Karachi, Dr. Hafiz Naeem-Ur-Rehman has been at the forefront of a relentless struggle. The city’s dire state, plagued by a lack of infrastructure, has persisted for nearly 15 years, with the ruling party the PPP in Sindh showing no interest in improving the conditions, destroyed all infrastructure of this city and seemingly embroiled in corruption across various sectors.
During this exclusive session, Dr. Hafiz Naeem-Ur-Rehman shed light on how the ruling party has employed various tactics to impede his efforts for the citizens of Karachi. Despite obtaining a clear mandate in the recent local elections, the leadership of the ruling party has seemingly chosen to nominate a Mayor with questionable intentions, further exacerbating the situation. Dr. Hafiz Naeem-Ur-Rehman emphasised the distressing absence of essential amenities for Karachi residents: potable water, sanitation facilities, gas connections, medical services, and overall relief measures. The issue of exorbitant electricity bills and frequent power outages has compounded the challenges faced by the city’s inhabitants.
Dr. Hafiz Naeem-Ur-Rehman voiced his intention to organize peaceful sit-ins in various sites if the situation does not improve promptly. In his address, he also unveiled his comprehensive plans for the city’s development, along with proposed solutions to address the myriad issues plaguing its citizens.
Mubasher Mir, President of the Karachi Editors Club, and Manzar Naqvi, Secretary General of the Club, also delivered their remarks during the event. They expressed the belief that granting the Jamat-e-Islami an opportunity to lead as Mayor could potentially foster an amicable resolution to the city’s public problems and concerns.

AKU Medical College receives int’l award

The Aga Khan University’s Medical College has been awarded the AMEE (Association for Medical Education Europe) 2023 Stellar Award at an award ceremony in Glasgow, United Kingdom.
The Stellar Award is presented to institutions who have won three ASPIRE-to-Excellence awards. AKU received the award for excellence in assessment and student engagement in 2013 and the award for curriculum development in 2022. This year, at the AMEE 2023 conference, AKU received the Stellar Award certificate on account of having won three consecutive awards with delegates from around the world in attendance. These awards, established in 2013, go beyond the traditional accreditation process and reward world-class excellence in education.
Over 50 global institutions have received ASPIRE-to-Excellence award(s), but AKU is only the third ever to get the Stellar Award for receiving recognition across three or more categories and the only one from Asia. The other two are from USA and UK.
“The award recognises AKU’ consistent commitment to excellence which is aligned with local health needs. Faculty development, a supportive learning environment for students, community outreach and utilization of technology are all integral components for the creation of a holistic, forward-looking and solution-based system of healthcare education,” said Dr Sadaf Khan, Associate Dean for Undergraduate Medical Education and Associate Professor of Surgery at AKU.

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