Co-branded lubricant products

Hyundai Nishat Motor (Private) Limited (HNMPL) has collaborated with Shell, the leading global supplier of finished lubricants for 16 years, to launch co-branded lubricant products exclusively designed for Hyundai vehicles, according to a press release, as per a press release. The collaboration will create the fully synthetic, next-generation co-branded lubricant 5W-30 AH, specially formulated and built to keep the Hyundai vehicle’s engine running at full performance.

CEO of Hyundai Nishat Motor, Mr Hasan Mansha said, “Hyundai Motor has complete trust in the high-quality lubricants and fueling products marketed by Shell all over the world. This collaboration reflects the inspiration of both companies for innovation and greater reliability in automobiles which is based on extensive research and development.”

Safa Mall’s shopping festival

Safa Gold Mall, the favourite shopping mall of twin city residents, lived up to its promise by organising the spectacular event, according to a press release. The management of Safa Gold Mall always strives to deliver the best to arrange such events for the public interest. The management of Safa Gold Mall, General Manager Mohsin Masud Dar and Marketing Manager Junaid Ahmed presented a brand new vehicle to the 6th Safa Shopping Festival winner.

Globe Residency REIT raises Rs388m

Javedan Corporation Limited has received a subscription of Rs387m from the general public through a two-day offer for the sale process, according to a press release. The offer for sale was over-subscribed by 2.77 times. GRR is a closed-ended, developmental REIT Scheme with a limited life of 48 months, offering investors the opportunity to become an investor in the Globe Residency apartments project at Naya Nazimabad. About 14m units, which make up 10pc of the total units of the REIT Scheme, were offered by Javedan Corporation Limited to the General Public for Rs10 per unit. The REIT fund size is Rs2.8bn: Rs1.4bn each of debt and equity and the project cost is estimated at Rs20bn.

State Life’s 50 years

State Life Corporation of Pakistan is celebrating 50 years of service and trust this year. State Life offices were lit up all across the country, along with a cake-cutting ceremony that was graced by the presence of State Life’s Chairman, Shoaib Javed Hussain. By adopting innovation and digitalisation, State Life is continuously growing and currently serves over 150m Pakistanis, as per a press release.

Battling climate change

The Climate Change and Karachi — Building Coastal Resilience” Conference was held in Karachi, sponsored by TPL Properties, which highlighted the interventions needed to help the city adapt to climate change impacts. The conference focused on highlighting the impacts of climate change on Karachi and the measures that can be taken to mitigate the effects.

Pressing issues like worsening air quality, the need for more green spaces and conservation of Karachi’s mangroves, water conservation and management and decarbonising of buildings were discussed and solutions and examples were shared. The event further urged federal authorities and the corporate fraternity to revisit and strengthen their climate change adaption strategies in their national climate plans by the end of 2023, as well as accelerate efforts to adopt renewable energy options and phase out inefficient fossil fuel dependency.

Engro transforms procurement

Engro Corporation, Pakistan’s premier conglomerate, has adopted the SAP Ariba Strategic Sourcing suite to enhance efficiencies and transparency across all business units, according to a press release. Integration Xperts partnered with Bloom IT to deliver the Engro Strategic Sourcing integration with S/4HANA, aligned with the vision of Intelligent Spend Management Networks (ISBN) to improve business efficiencies and accelerate the pace of innovation.

Omega’s ‘Her Time’

To officially launch the spectacular “Her Time” exhibition in Bangkok, Omega has hosted a glamorous event at Parc Paragon, with celebrity guests and a full showcase of women’s timepieces. In attendance was guest of honour So-hee Han, the award-winning South Korean actress who joined the OMEGA family in 2022.

“Her Time” is a celebration of OMEGA’s renowned history and current creations in the world of women’s watchmaking. For over 100 years, the Swiss brand has been at the forefront of precision and beauty, delivering many of the most iconic designs, such as the Constellation, Ladymatic and De Ville Trésor.

Published in Dawn, The Business and Finance Weekly, December 26th, 2022