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Karachi, December 20, 2016 (PPI-OT): Steel

Acting Chinese Ambassador Zhao Lijian on Monday announced that China will set up a steel factory in Gwadar. “The steel factory will be three times bigger than the free economic zone being set up in the Gwadar city, and an agreement in this regard between China and Pakistan will be signed soon,” Zhao Lijian said while speaking at a conference on the China-Pakistan Economic Corridor (CPEC) organized by an Islamabad based think-tank, Strategic Vision Institute (SVI).http://nation.com.pk/business/20-Dec-2016/china-to-set-upsteel-factory-in-gwadar-under-cpec

LG’s Newest, Most Exciting 4K HDR Monitors Coming to CES 2017

Karachi, December 20, 2016 (PPI-OT):Already an industry leader renowned for integrating cutting-edge technology into its premium, high-resolution monitors, LG Electronics (LG) is pushing the industry to the next level with plans to introduce a HDR-compatible 32-inch UHD 4K monitor at the 2017 Consumer Electronics Show (CES) in Las Vegas next month.

The availability of HDR content continues to expand, covering a wide range of fields from movie to games. The enhanced picture quality offered by HDR technology is instantly recognizable to even the most casual user and manufacturers are already pushing this promising technology to its fullest potential. With professional-grade picture quality and exceptionally vibrant colours, HDR compatible monitors will appeal to creative professionals, gamers, and anyone else that takes image quality seriously.

To stay one step ahead of the rapid proliferation of HDR content, LG’s 32-inch UHD 4K monitor (model 32UD99) with 3840 x 2160 pixels supports the HDR10 standard, which delivers enhanced brightness levels and a wide colour gamut image. Compatibility with the HDR10 standard increases the monitor’s peak brightness, enabling users to edit movies and photographs much more comfortably.

In addition, the 32UD99 is equipped with an IPS panel and displays over 95 percent of the DCI-P3 colour space, making it ideal for media content creators of all expertise who will appreciate features such as True Colour Pro for colour reproduction accuracy unmatched in the industry. With the recent introduction of a new generation of HDR capable game consoles, the 32UD99 is well-equipped to meet the increasing demands of players world over as HDR gaming becomes the new standard in home entertainment.

Along with its elegant, stunning profile, the 32UD99 turns heads even when powered off. The monitor’s USB Type-C port minimizes the number of unsightly cables while its borderless edges and slim ArcLine stand complete its refined image. Requiring only a single cable to stream images to a 4K display, charge a connected laptop and execute data transfers simultaneously, the 32UD99 is able to reduce cable clutter, which adds to its streamlined appearance. And the monitor’s built-in speakers pack a punch with LG’s Rich Bass technology for a full-bodied audio experience.

At CES 2017, LG will also be showcasing the 34-inch 21:9 UltraWide™ Mobile+ Monitor (model 34UM79M). The 34UM79M is the world’s first Chromecast-enabled multimedia monitor, allowing users to seamlessly stream their favourite movies, music, games and more from mobile devices directly to the monitor. And LG’s UltraWide monitor allows owners to simultaneously multitask between the PC and the mobile device using a single screen. Similarly, the Dual Controller Plus feature allows users to control both a PC and a smartphone/tablet via a single keyboard and mouse. What’s more, the LG Mobile+ Monitor application allows for the control of many of the monitor’s settings such as input, volume, aspect ratio, PBP/PIP, etc. remotely and conveniently.

Also on display in Las Vegas alongside LG’s UltraFine™ 5K and 4K displays will be LG’s 34-inch 21:9 UltraWide gaming monitor (model 34UC99), equipped with AMD FreeSync technology, 1ms Motion Blur Reduction, Dynamic Action Sync, Black Stabilizer and other features to maximize the PC gaming experience.

“To maintain our market leadership, LG engineers work tirelessly to incorporate emerging technologies and trends into our newest monitors,” said Brian Kwon, president of the LG Home Entertainment Company. “From high-resolution displays compatible with HDR technology to UltraWide monitors optimized for multitasking and gaming, LG is committed to delivering the most innovative, premium monitors in the industry today.”

Visitors to CES can see LG’s newest advanced monitors for themselves in the Las Vegas Convention Centre Booth #11100, Central Hall. For more information on LG’s complete line-up at CES, go to www.LGnewsroom.com/CES2017.

For more information, contact:
LG Pakistan
Corporate Office
ST-8, 4th Floor, Tower-A, Technology Park,
Main Shahrah-e-Faisal,
Karachi
Representative Phone Number: +92 (0) 21 32787452
FAX: +92 (0) 21 3278 7463
Web: http://www.lg.com/pk

FrieslandCampina obtains key position in Central Asian dairy market through strategic partnership with Engro Foods

Islamabad, December 20, 2016 (PPI-OT):In partnership with the World Bank Group’s International Finance Corporation and the Dutch development bank FMO, Royal FrieslandCampina N.V. has acquired a majority stake of 51 percent in Engro Foods – Pakistan’s second largest dairy producer. Through the strategic alliance, Engro Corporation will remain a significant shareholder and partner in Engro Foods. The Pakistan dairy company is the country’s second largest dairy producer. Engro Corporation will remain shareholder and significant partner in Engro Foods.

The execution of this transaction, as approved by competition commission and other relevant authorities, is one of the single largest private sector Foreign Direct Investment (FDI) in Pakistan in recent years, amounting to a total investment of USD 450million (430 million Euros).

FrieslandCampina and Engro Foods expect to take advantage of the conversion of the market from loose to packaged dairy consumption, which is expected to accelerate in the near future as a result of the growing middle income class, a desire for higher quality milk as well as the increasing urbanisation. As part of Business Group FrieslandCampina Consumer Products Asia, Engro Foods will continue to operate under its own name.
Following the completion of the acquisition, Hans Laarakker will be appointed CEO ad interim. He will replace Babur Sultan, who has decided to leave the company after spending a decade in senior leadership roles within the Company since its inception. As Vice President M and A and Business Development, Laarakker was closely involved in the preliminary phase of the acquisition. Hans Laarakker was Managing Director of FrieslandCampina Malaysia (Dutch Lady Malaysia) and also responsible for FrieslandCampina Singapore, Hong Kong and China from the year 2006 until 2010. He joined FrieslandCampina in 2003.

Roelof Joosten, CEO Royal FrieslandCampina N.V. said: “The cooperation with Engro Foods will accelerate FrieslandCampina’s route2020 strategy. Through this well organised and highly successful company we will obtain a significant presence in the Pakistani dairy market in which a growing middle class is buying more processed milk. Engro Foods offers us a basis on which we can build further. This acquisition will contribute to the value creation for our member farmers. Also we look forward to contribute to Pakistan’s agricultural sector through knowledge transfer based on our established dairy development programme.”

With a track record of success spanning over a decade, Engro Foods has played pivotal role in offering Pakistani consumers hygienic and affordable solution in the drinking milk and specialised tea creamer segment through its flagship brands Olper’s and Tarang.

Commenting on the significance of the occasion – Chairman Engro Corporation – Hussain Dawood said: “This is a defining moment for Pakistan. It is a validation of Pakistan as an investment friendly environment and adds significant value to brand Pakistan. Our group has a history of bringing FDI to Pakistan through joint ventures. This momentous partnership signifies our continued contribution to our nation’s economic prosperity and a healthier younger generation”.

For more information, contact:
Engro Foods Limited
8th Floor, Harbour Front Building,
Marine Drive, Block 4, Clifton,
Karachi, Pakistan
Tel: +92-21-35296000

APCNGA lauds Govt decision to deregulate CNG prices

Rawalpindi, December 20, 2016 (PPI-OT):The All Pakistan CNG Association (APCNGA) has lauded the decision of the government to deregulate prices of compressed natural gas (CNG) countrywide terming it a great step which will revive the Rs 450 billion ind…

Samsung partners Jazz to launch ‘Knox’ security platform

Lahore, December 19, 2016 (PPI-OT):Samsung has engaged Jazz -Mobilink – Jazz as its operating-partner to introduce Samsung ‘Knox’ in Pakistan. ‘Knox’ is a defense-grade security platform, and mobile-device management system, which is built into Samsung’s latest products, to protect confidential data and sensitive applications. Samsung’s award-winning enterprise solutions empower you to secure, manage and customize your business’s mobile devices.

Knox solutions allow businesses of any size to deploy Samsung mobile devices to meet their business needs. So the smart-device users can now build on the Knox platform, with extra security, management policies, and advanced device-customization. The security of corporate data on mobile devices remains a top concern for CEOs and CIOs, when adopting enterprise mobility. Finding a mobile-security solution that is both resilient and user-friendly can be a big challenge, which is why Samsung has designed the ‘Knox’ solution.

Knox is a multi-layered technology, built into both the hardware and software of Samsung’s latest devices. From the ‘Hardware Root of Trust’ to the Android Framework, Knox constantly verifies the integrity of the device and detects any tampering, ensuring your data is more secure. Security Enhancements for Android protect applications and data by strictly defining what each process is allowed to do, and what data it can access. SE for Android help to secure a device by using domains, rights, security policies and Mandatory Access Control.

Knox leverages a processor architecture known as ARM Trust Zone. In Trust Zone, there are two worlds: the Normal World, and the Secure World. Virtually all smartphone software, as we know today, still runs in Normal World. The Secure World is reserved for highly sensitive computations, and is used extensively by Knox for protecting confidential enterprise data. Trust Zone consists of three core components: ‘TIMA KeyStore’, ‘Real-time Kernel Protection’, and ‘Attestation’.

‘Secure Boot’ prevents unauthorized boot-loaders and kernels from being loaded onto the device. This means that your device has not been tampered with and the Knox container can be loaded. ‘Trusted Boot’ ensures that the boot-loader and OS kernel are the originals from the factory. This is done by recording the original device measurements and consistently checking the device at the start up to make sure these measurements haven’t changed.

The ‘Hardware Root of Trust’ is a set of security mechanisms, built into device hardware, that flag any time the device’s default controls have been altered. These include ‘Secure Boot Key’ and ‘Device Root Key’, which perform authentication and encryption operations associated with the device.

For more information, contact:
Samsung Electronics
Technology Park, 2nd Floor Tower A,
Shahrah-e-Faisal, Karachi, Pakistan
Tel: +92-21-32790281-3
Fax: +92-21-32790284
Website: www.samsung.com

Islamabad: December 17, 2016

Twelfth Session of the Governing Council (GC) of the Asian and Pacific Centre for Transfer of Technology (APCTT) will be held from 19th to 21st December, 2016 in Islamabad, Pakistan. As an agenda of the GC an International Conference is also being orga…

Managing Director of Pak Suzuki Motors calls on Finance Minister

Islamabad, December 15, 2016 (PPI-OT):Managing Director of Pak Suzuki Motors Mr. Hirofumi Nagao called on the Finance Minister, Senator Mohammad Ishaq Dar here today and discussed his company’s plan of future investment in Pakistan. The MD of Pak Suzuki Motors said that his company is ready to invest 460 million US dollars in Pakistan to set up a second plant. After completion of formalities, the new project will be completed within a period of two years and may start production by the end 2018, he informed.

The Finance Minister asked the Managing Director to submit a complete plan with all the details to process the request in accordance with prescribed codal formalities/ rules and procedures. He said that the Government is committed to provide a level playing field to all the prospective investors.

The Minister said that Pakistan has been projected by JETRO as the second choicest place for investment in the world. The Finance Minister said that the turnaround of Pakistan’s economy, macroeconomic stability, improvement of energy and security situation in the country has provided a conducive atmosphere for foreign direct investment. He said that a number of new entrants have shown keen interest to invest in automobile manufacturing sector as well. The meeting was attended by senior officials of the Ministry of Finance and the members of the delegation of Pak-Suzuki.

For more information, contact:
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326
Email: piopid@gmail.com