Govt Hopes to Raise $1bn Through Eurobond Launch

Financial News

ISLAMABAD:- Financial News: Pakistan expects raising up to $1 billion from global capital market on Wednesday (today) through Eurobond launch in New York in front of executive board meeting of the International Monetary Fund (IMF).

With this, Finance Minister Ishaq Dar is relied upon to come back with at any rate $1.5bn later this month to deliver on his guarantee to raise the country’s foreign exchange reserves to the most elevated ever $21bn.

The forex reserves were recorded at $18.726bn on September 11, 2015, including $13.69bn held by the State Bank of Pakistan and $5bn by the commercial/business banks.

Dar left on Tuesday for New York to lead decision of a progression of roadshows taking place over the last few days in London and a couple of major cities in the United States for the launch of Eurobond.

The shows started on September 18 from London as Secretary Finance Dr Waqar Masood and Governor SBP Ashraf Mahmood Wathra held marketing sessions with leading investors, delegates of leading banks, multinational companies/organizations and other financial institutions.

Second round of roadshows was held in Los Angeles and Boston currently week. The concluding session on September 24 in New York would focus the pricing of the bond and based on market reaction and pricing, the government would decided the final size of the transaction.

On September 28, the IMF executive board is scheduled to take up Pakistan’s request for two waivers on non-compliance of committed targets to clear way for disbursement of $502 million tranche.

If approved, this will take total disbursement under the $6.6bn bailout package of 36 months to $4.55bn.

The government has evaluated around Rs101bn as foreign inflows under Eurobonds during the current financial year ending June 2016. Budget plans suggest the government had targeted Rs49.5bn of Eurobonds in the last financial year but the transaction was delayed.

The government has been saying it planned raising $500m through Eurobonds as targeted for the current financial year but it would additionally like to make up for the delayed bond of last financial year, taking the total size of the bond to $1bn depending on pricing.

In April 2014, the government had raised $2bn through Eurobond, marking Pakistan’s reentry into the global capital market after 7 years. That transaction included two bonds of $1bn each with particular maturity and mark up.

These included $1bn bond of five-year maturity and 7.5 % interest rate and $1bn of 10-year maturity and 8.5pc return. Informed sources said the finance-minister was expecting improved market reaction and lower pricing on its second Eurobond launch in perspective of better economic indicators and improved credit rating/score.

Published on Dawn, September 23rd , 2015

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20 million Pakistanis suffer from mental health issues, say experts

ISLAMABADa: More than 20 million people in Pakistan making 10 percent of the aggregate population suffer from brain and neurological issues and disorders, specialists said at a ceremony on Saturday.

mental health issues

“But in spite of the alarming number mental health remains the most neglected field in the country,” said Aslam Shaikh, Country Manager for Lundbeck, addressing a ceremony organised by the Embassy of Denmark to mark 100th anniversary of the Lundbeck Institute.

“These figures indicate the need to advance more public awareness for improved analysis and effective mental health treatments in Pakistan,” he said. “In Pakistan, it is extremely disastrous that due to shortage of mental health specialists, mental health facilities and relatively low levels of awareness about mental issue, millions of people and their families suffer each day.”

In countries where people are confronting social and security difficulties such as in Pakistan, he said, one saw an increase in anxiety, stress, and trauma, which were contributing factors to the development of mental health problems.

Lundbeck established the institute in 1997 to assist reduce worldwide burden of brain disease by educating healthcare experts around the world. They were also working with mental health professionals in Pakistan to raise awareness, decrease stigma and contribute to education and better understanding of brain disease in Pakistan.

Shaikh thanked the Embassy of Denmark for hosting Lundbeck’s 100th anniversary and using the event to make a platform to advance awareness about mental health, the socio-economic costs of brain diseases and the importance of proper mental health treatment in Pakistan.

Speaking on the event, Ms. Helle Nielsen, Charge d’Affaires of Danish Embassy said Denmark was proud to be celebrating a prominent Danish company’s 100th anniversary in Pakistan.

“Lundbeck is an incredible example of a company that provides complex pharmaceutical solutions to people worldwide, including in Pakistan. Even today, 100 years later, Lundbeck continues to develop products that assist patients and societal movement. For any company, the ability to stay relevant and provide worth to customers for a century is a remarkable achievement.”

Prominent Psychiatrist Prof. Fareed Aslam Minhas, Head of The Institute of Psychiatry, WHO Collaborating Centre for Mental Health Training and Research, Benazir Bhutto Hospital, Rawalpindi, in his comments said there was requirement for collaborative efforts to diminish stigma of mental health in the society. “There is need for coordination of health professionals, industry and policy makers to devise a strategy for better mental health in Pakistan,” said Minhas.

The event was well attended by eminent psychiatrics, doctors, health officials and other key stakeholders.

Lundbeck, a Danish company is the main pharmaceutical company in the world committed and entirely focused on research within neuroscience and development and marketing of treatments for brain disease. It is worldwide perceived for having helped hundreds of millions of people suffering from brain disease, such as depression, alcohol dependence, schizophrenia, epilepsy, Alzheimer’s, Parkinson’s and Huntington’s disease. It has been operational in Pakistan over the past 30 years.

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Mate S-Innovative Touch Pressure Control Diversifies the User Experience

Recently launched in the worldwide market, Huawei Mate S has "Touch Control" as its core feature. Huawei Mate S is without a doubt going to create another experience for customers that upgrades their interaction with the device.

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When seeing photos, customers can rapidly preview and expand the snaps by pressing the screen with one finger, reforming the elements of a conventional phone. Another progressive element of Huawei Mate S is that this smart phone can likewise be utilized as a scale to measure objects.

This smart phone is equipped with Fingerprint 2.0, an updated version of the advanced chip level security and one-key open technology in the Huawei Mate 7. Fingerprint 2.0 improves acknowledgment speeds by 100 percent, with more exact self-learning functions. It can likewise be utilized to control the notice bar, double tap to delete unread notification, and slide to see pictures, and hold and take phone calls. These options improve the one hand operation of the phone.

Fingerprint 2.0 and Knuckle Control 2.0 – initially presented in the Huawei P8 – simplifies how customers switch between application operations and take screenshots. This feature offers customers another way to interface with their phone: drawing a "C" with their knuckle actuates a camera, while double tapping the screen with a knuckle records the screen in the form of a video. With these options, each sort of touch provides a chance to be innovative.

With the above mentioned ultra cool features, Huawei has guaranteed that Mate S is the most splendid smart phone released in 2015. Mate S is surely going to assume control over the smart phone business sector like rapidly spreading fire and set new top record of Huawei deals.
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OPPO To Hold First Ever Launch Event in Pakistan

OPPO, the quickly growing smart phone company with an extending internationally presence, is going to hold its first ever Pakistan based launch occasion in Lahore on thirteenth September 2015... 

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The company plans to unveil three fresh brand new devices, the Mirror 5, R7 Plus and R7 Lite, and the launch occasion will finish up with stellar fashion shows featuring designers Munib Nawaz and Shiza Hassan.

The occasion will be attend by famous people and technology enthusiasts alike, and OPPO looks not just introducing the crowed to their most recent smart phones, additionally Mobile phone dealers are originating from Nationwide.

The launch of the three new devices in Pakistan, they aim to continuously bring best technology in Pakistan. All phones boast lightning-fast Qualcomm processors and sleek designs with the Mirror 5 utilizing a full solid 8 MP camera with diamond cut like back cover... Whereas,   R7Series, featuring metallic uni body along with 2.5D curved screen especially R7 Plus with  VOOC Flash Charge which allows m@king 2 hours call with 5 minutes charging time, and furthermore it equipped with laser auto focus sensors which can take snapshot in just 0.3 sec. These latest technology and meticulous design will add more credit on OPPO’s slogan: the art of technology.

With this launch event OPPO Smartphone Pakistan will start a new era of investment in Pakistan, which sounds very good news for all the consumers and mobile phone dealers.
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Samsung opens a new Experience Zone in Fortress, Lahore

Samsung Pakistan has inaugurated an "Experience Zone" in Fortress Square Mall, Lahore. The ceremony was held on fourth of September. A few activities were conducted for engaging visitors and the victors were awarded Samsung products.

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Samsung already have numerous "Experience Zone" in nation. Company's fundamental point of this venture is to give Samsung's quality products straightforwardly to clients. Experience Zone outlets are completely outfitted with helpful Samsung products and the assistants were prepared to convince clients and to provide important details  to the clients identified with specific product.

SEE ALSO: SamsungGear S2

The idea of experience stores is related to marketing, every single top brand attempt to open their experience zone's in most visited shopping centers and markets. These store help clients to find all products at one spot for example your will find Smartphone’s, tablets, Laptops and cameras alongside different accessories of Samsung at Samsung's experience store. The interesting part is you get the expert guidance to the assistants which will help you to find the best product for your needs.

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