8th Multinational MaritiMe exercise aMan-2023 culMinates with fleet review in arabian sea

KaRachi staff report

MULTINATIONALMaritime

Exercise AMAN-23 organised by Pakistan Navy culminated in the North Arabian Sea with a powerful conduct of International Fleet Review (IFR) followed by spectacular forming up of AMAN Formation comprising Pakistan Navy and foreign naval ships. The Honourable Prime Minister of Pakistan Mian Muhammad Shehbaz Sharif graced the occasion as Chief Guest.

Upon arrival onboard Pakistan Navy Ship MOAWIN, the Honourable Prime Minister was received by Chief of the

Naval Staff Admiral Muhammad Amjad Khan Niazi. Federal Minister for Education and Professional Training Mr. Rana Tanveer, SAPM to PM Mr. Fahad Hussain, Governor Sindh, Chief Minister Sindh, Chairman Joint Chiefs of Staff Committee, Chief of Army Staff and Chief of Air Staff were also present on the occasion. In addition, ambassadors, high commissioners, senior military officers, Defence & Naval Attaches from various countries also witnessed the fleet review.

The Chief Guest observed various naval operational manoeuvres and drills conducted during IFR. The Fleet Review also featured an impressive Fly Past by Pakistan Navy, Pakistan Air Force and participating foreign

Framing Charter of Economy-LCCI, ICAP and PIFA announce collaborative efforts

Minister of State and Chairman Reforms and Resource

Mobilization

CommitteeAshfaqYousafTola, led an economic briefing session hosted by Lahore Chamber of Commerce & Industry (LCCI). The delegation also included President Institute of Chartered Accountants of Pakistan (ICAP) - Mr. M. Ali Latif and Council Members - Mr. M. Maqbool and Mr. Zeeshan Ijaz. The event, held at the LCCI, was attended by LCCI President Kashif Anwar, Senior Management of LCCI, Stakeholders representing the business community, as well as prominent journalists. The Minister of State stated that they have been discussing the Charter of Economy for a long time. This is a dream that will soon be realized. He further suggested that stakeholders should sit with ICAP, suggest solutions, bring up issues one by one, and work to resolve them. pr

OICCI launches Diversity & Inclusion Handbook at 5th Women Empowerment Awards

Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI),consisting of more than 200 of the largest foreign investors operating in Pakistan, has strived to promote females at leadership positions through its flagship Women Empowerment Awards, marking this the 5th successive year the Awards were held. Dr. Ishrat Hussain, former Governor State Bank of Pakistan, was the Chief Guest of the Ceremony. President OICCI, Ghias Khan, remarked “There is a high need for gender inclusive measures to ensure expedited socioeconomic growth. pr

Bank Alfalah introduces behavioural profiling for students at Career Fair

Karachi: Bank Alfalah, one of the leading commercial Bank in Pakistan, participated in recruitment career fairs at various universities where it engaged with students for its 9th Management Trainee Program called Alfa Lead. The 12-month program is designed to recruit top-tier talent possessing versatile skills that are aligned with the specific focus areas of the Bank. pr aircraft followed by Man & Cheership by participating ships. The mega exercise culminated with the participating ships forming up in traditional `AMAN Formation' to signify collective resolve 'Together for Peace'.

The Prime Minister lauded Pakistan Navy for successfully hosting Exercise

AMAN-23 for promoting peace and security in the region.

The Chief Guest thanked the participating regional and extra-regional navies for displaying their commitment to collaborative maritime security and joining hands for peaceful co-existence.

Shan Foods partners with Citizens Archives of Pakistan for CAP Family Carnival 2023

KaRachi pr

Shan Foods joined hands with the Citizens Archives of Pakistan (CAP) to sponsor its annual fund raising event, CAP Family Carnival, held at the Beach Luxury Hotel in Karachi.

The Citizens Archives of Pakistan (CAP), founded in 2007, is the only not-for-profit organisation dedicated towards preserving the history and culture of the country, building and maintaining archives, and designing educational tools to raise awareness and instill pride in ordinary Pakistani citizens.

CAP Family Carnival is the NGO’s yearly fundraising event, aimed at raising funds for its core projects, while also sharing a snippet of its archive and providing avenues of education, entertainment, and engagement for all generations of the family. The event presented an interactive exhibition curated entirely from the CAP archive that explored 75 Years of Pakistan through the lens of heritage and culture. Through the exhibit, students got an opportunity to learn about everything from the folklore of the region to Pakistan's firsts, including the making of Pakistan's first flag, and the designing of the national currency and emblems. Additionally, several immersive activities on innovations in science and film were also available and visitors got a chance to take pictures with one of Pakistan's only Oscars. The carnival also brought an exciting lineup of retail in the CAP Carnival Bazaar and an exciting food street, including several vendors who designed special products especially for the carnival.

Peshawar Zalmi announces Bank of Khyber as official banking partner for PSL 8

LahoRe pr

Peshawar Zalmi announces Bank of Khyber as its Official Banking Partner. In partnership, the logo of Bank of Khyber will be placed on the leading leg of the Playing Kits’ Trouser and the Alternate Kits’ Trouser of Peshawar Zalmi’s Kits for HBLPSL 8. The partnership between Bank Of Khyber and Peshawar Zalmi, two leading organizations, stands out to be an organic one, with the former showcasing its commitment to uplifting sports.

Bank of Khyber, with its head office in Peshawar, is undergoing a transformation process. This entails branch network expansion, capability enhancement across all business segments, significant upgrade of our digital financial services and investing in our brand. Bank of Khyber has a long history of supporting sports and young athletes across Khyber Pakhtunkhwa and it's commitment continues with this partnership.

“The passion for sport and adventure runs deep in Khyber Pakhtunkhwa. Everyday young aspiring cricketers are at play in the streets of Peshawar imagining themselves playing besides their cricketing idols. At Bank of Khyber the same passion inspires us to work tirelessly to up our game, to enhance our capabilities and exceed the expectations of our clients to become their choice banking partner.

8th Annual Deaf Reach Golf Tournament –Karachi In Support of Deaf Education

KaRachi pr

Deaf Reach hosted their 8 th Annual Charity Golf Tournament in support of Deaf Education on Sunday, February 12th, 2023 at DHA Golf & Country Club. The proceeds from the tournament help to sponsor the education and skills training of 1,500 deaf students enrolled in the eight Deaf Reach Schools & Colleges across Sindh and Punjab. Over 130 golfers partici- pated in the 18-hole Texas Scramble tournament. Platinum sponsorship was by KFC, Gold sponsorship by IGI Life, and Silver sponsors included Jubilee Life Insurance, Habib Metro, Engro Foundation, and HMR Waterfront.

Darren Sammy, the famous West Indies cricketer in Karachi for a PSL match, had fun playing 18 holes and learning some sign language from the students along the way. “I’m so impressed with the work being done by Deaf Reach,” he said.

Unemployment: A menace to the local economy

employed. This problem is particularly acute in rural areas and among the youth, where unemployment rates are even higher.

Rayaan MiRza

Unemployment is a critical issue in Pakistan, with significant consequences for the local economy. According to the Pakistan Bureau of Statistics, the unemployment rate in the country was 6.8% in 2020, with an estimated 6.5 million people un-

The impact of unemployment on the local economy is far-reaching and can be seen in various sectors. One of the most significant impacts is on household incomes, as unemployed individuals and their families may struggle to make ends meet. This can lead to poverty, food insecurity, and an inability to access basic services such as healthcare and education.

Unemployment also has a negative impact on the business sector, particularly small and medium-sized enterprises (SMEs). When individuals are unemployed, they have less disposable income to spend on goods and services, leading to decreased demand and revenue for businesses. This can result in reduced investment, job cuts, and closures, which further exacerbates the problem of unemployment.

The local economy also suffers from a lack of productivity and innovation when there is high unemployment. With a large portion of the population not participating in the labor force, the economy is unable to fully utilize its potential for growth and development. This can lead to a lack of economic diversification, a lack of investment in new technologies and infrastructure, and a lack of opportunities for businesses to expand.

Furthermore, unemployment also has a direct impact on the government’s budget as it leads to an increase in social welfare spending and a decrease in tax revenue. The government has to spend more money on providing assistance to the unemployed and their families, while at the same time, it receives less revenue from taxes as the unemployed are less likely to be paying taxes.

The government has implemented various policies and programs to address unemployment in Pakistan. These include job creation

The Prime Minister emphasized that AMAN-23 will pave the way to make the region more peaceful and secure with combined efforts by all stakeholders.

The Chief of the Naval Staff thanked the honourable Prime Minister for gracing the International Fleet Review with his presence. The Naval Chief assured that Pakistan Navy will continue to play a dynamic role in enhancing regional maritime security individually and in collaboration with partner navies. Naval Chief also highlighted that successful conduct of PIMEC 23 held in tandem with Multinational Exercise Aman 23 is a manifestation of PN resolve to promote maritime potential of Pakistan.

Zong 4G signs MoU with ‘Knowledge Platform’ for a state-of-art Learning Management System

islamabad: In order to address the rising demand for organizational administration, campaign analytics, and the generation of digital content, Zong 4Ghas partnered with Knowledge Platform, a top EdTech company, to help speed up the penetration of a hi-tech Learning Management System (LMS). One of the top providers of "next-generation" learning solutionsforthe AsiaPacific, with headquarters in Singapore, Knowledge Platform was established in2000.As a channel partner, Knowledge Platform will help Zong 4G develop an online learning and management solution for its corporate clients that will help them improve their business operations. The ceremony took place in Islamabad where both Zong 4G management and representatives from Knowledge Platform were present. pr

BankIslami celebrates PSL with bike rally as it becomes Platinum Sponsor for Karachi Kings

Karachi: BankIslami, Pakistan’s leading Islamic financial institution, celebrated the start of PSL 2023 with another successful bike rally: The Kings March as Karachi King’s platinum sponsor for the second consecutive year. The event was attended by the employees and senior management of BankIslami, cricket legend Moin Khan and representatives of the sports bike community. The event offered cricket fans and motorcycling enthusiasts, a perfect opportunity to come together in support of their favourite local team. The rally started at Dolmen Mall Clifton and after making its way through Shahrah-e-Faisal, culminated back at the mall. pr

Nestlé Pakistan recognised at OICCI Women Empowerment Awards 2022

Karachi: Nestlé Pakistan was recognised at the Overseas Investors Chamber of Commerce and Industry Women Empowerment Awards 2022, held in Karachi, becoming the first runner-up. The acknowledgement reaffirms Nestlé Pakistan’s constant commitment towards creating an inclusive culture, in a country where gender gap is staggering and female representation in workforce is low.

Upon receiving the award, Komal Altaf, Chief Financial Officer, Nestlé Pakistan said, “Long-term prosperity is only possible when women are provided a level playing field to achieve their potential and we have been working very hard to implement these principles within our organization as well as outside. pr schemes, such as the Prime Minister’s Youth Training Program, and the establishment of special economic zones to attract foreign investment. Additionally, the government has also introduced policies to support small and medium-sized enterprises, such as microfinance schemes and tax incentives.

However, these policies have had limited success in reducing unemployment. The main reason behind this is the lack of implementation and monitoring of these policies, as well as the lack of coordination among different government departments and agencies. Furthermore, the lack of a proper education system in the country has also led to a lack of skilled workers, making it difficult for businesses to find the right employees.

In conclusion, unemployment is a critical issue in Pakistan, with significant consequences for the local economy. It has a negative impact on household incomes, the business sector, and the government’s budget. The government has implemented various policies and programs to address unemployment, but these have had limited success due to lack of implementation and coordination.

To effectively address unemployment, the government needs to take a comprehensive approach that includes improving the education system, increasing investment in infrastructure, and creating an enabling environment for businesses to grow and create jobs.

The author is a A2 student at Aitchison College Lahore.