UBL _ a hat-trick of headaches

 

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By J. Choudhry/KARACHI

The Financial Daily published my this column on Monday (Jan 8, 2018)

A few weeks ago I have faced not one, two but hat-trick of headache because of some technical problem in the online payment system of the United Bank Limited. On the midnight of Dec 8, 2017, I ordered an internet session, but I was shocked to see the unexpected situation when I tried to make payment to the Facebook. In first attempt, I got the message of suspicious transaction and the payment was not transferred into my account with the Facebook. Few seconds later, I got the message that the amount had been deducted from my ATM card for internet session/payment to Facebook ads. At that time, I thought that there may be a problem with my ATM card. Then I ordered another internet session from my Mastercard, the same day and about an hour past midnight. To fulfill the process, I kept on waiting for verification call that the UBL had started a few months ago, before activating the net-session just to ensure transparency. It is a good strategy, but when the UBL concerned banker do not make call in 30-40 minutes, the wait becomes very painful that too an hour after midnight that usually is my time to sleep. Once again, after attending the verification call, I tried to complete the net-session, but my mastercard too showed the same message “suspicious transaction” _ and the amount again was not transferred into my Facebook account, this was my second consecutive attempt after mid-night. Once again, with a gap of few minutes, I got another SMS alert of deduction of net-session amount from my bank account, although it was not reflected in my account on the Facebook.

In next two/three days, I made a couple of calls at the helpline to lodge a complaint about non-payment in the net-session, but nobody bothered to register the complaint and further surprised me twice by saying “our system is showing that you exceeded the limit”. Finally, I got the contact number of my friend Ali Habib, head of the corporate communication in the United Bank Limited, talked to him and he understood the problem immediately. Mr Ali perhaps asked someone to handle this complaint as I got a call from a bank official, who advised me to fill a form to claim refund. Interesting to note is that before talking to Mr Ali Habib, I filed a complaint with the UBL through email and I just got a traditional message that I am posting here “Dear Mr. Javed, With reference to the appended email, please be informed that we tried to connect with you [03014549495 8:09 PM 12/11/2017 and 03343939029 8:10 PM 12/11/2017], but contact could not be established (Network Error). It is important for us to have telephonic conversation with you. Therefore you are requested to provide any other Contact Number or convey us any Preferred Time for call back so that we could connect you again or you may also call our Helpline 24/7 at (9221) 111 825 888 (UAN) in this regard. This is true that I got a couple of miscalls from the UBL number that I could not notice on time. But is it enough that the bank contacted me once and then did not bother to contact again to resolve this double-headache that finally led to hat-trick.

However, when the intervention of Ali Habib, the UBL officials talked to me, sent the claim form on in the 2nd week of Dec-2017, but I am still waiting for to get back that money which not only made me upset as I delayed by planned promotion on the social media. This headache did not end here and I faced the same scenario for the third time, after a gap of couple of weeks when I could not make payment through net-session and once again I got an SMS from the UBL about deduction of the net-session and charges associated with this session. I again sent email to the concerned UBL officials and they again sent another claim form. The problem does not end here, a week ago I got an SMS from the bank that the UBL people need another 34 days to resolve my complaint of refund of failed internet-sessions. One thing is very interesting _ all my failed net-sessions took placed around mid-night time _ one just before mid-night and the other two soon after midnight time. But this is not happening at day time (throughout the day). This reminds me of the popular joke about Sardars who go berserk around 12 _ But in this case, I think the internet technology/system of the UBL became ‘’Sardar’’ around midnight, no one, two, but three times. Now here are few questions for the UBL whose slogan is “UBL – where you come first” (I am sure not for embarrassment but for better service). Why the net-sessions of the UBL are going mad or out of order around midnight time and why this does not happen throughout the day and before midnight time _ because my other net-sessions went well in the day. Secondly, why the UBL people engaged for verification call take too much time, sometime more than an hour. One day, I ordered net session after midnight and I went into sound sleep when I did not get a phone call in an hour. The next morning, I saw miscall with a gap of more than an hour, around 2.30am. Third, when UBL is not engaging more staff to facilitate timely verification process through bank-call system. Fourth, when the customers approach the helpline for net-session or any other purpose, the process takes mostly many minutes perhaps due to staff shortage and during this process the helpline keep on generating money from the customers as call on the helpline costs to the customers and each minute counts at that time. So it seems a good way for the bank to mint money from the customers by prolonging calls on the helpline. This becomes more evident when the bankers make verification call, they end that very shortly and speak with a speed to save their time and money as well by making short call. Finally, why the UBL system is taking too much time in completing the refund procedure and who is responsible for failed net-sessions that damaged my planned promotions of my events on the social media. UBL must add to its slogan _ UBL where you come first, for convenience and not for embarrassment. I hope the top management of the bank would take this write-up seriously to mend faults in their banking system.

Javed best on stage

Writer Javed Mahmood (Editor Weekly Corporate Ambassador)

 

 

 

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Pakistan-China get rid of Dollar in bilateral trade to throw away $18 billion burden a year

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Corporate Ambassador Special Brief Report by J. Choudhry/KARACHI: The joint decision of Pakistan and China of carrying out their bilateral trade and investment in Chinese currency (yuan), is set to throw away the burden of a minimum of $18 billion on both the countries in a year. In 2016-17 the Pak-China bilateral trade has been estimated around $18 billion _ $13 billion imports from China and $5 billion exports of Pakistan to China.

Now as both the countries will be trading in Chinese currency through opening L/Cs from the banking channel, both the countries have got rid of buying dollars either from the banks or from the open markets to meet the annual foreign trade requirement of about $18 billion. This amount does not include the upcoming Chinese investment in Pakistan that would now also be calculated in Chinese yuan. This decision of the two countries would be a blow for the US dollar that had crossed 110 rupees in the open market a few days and 108 rupees in the inter-bank operations.

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Meeting a major demand of Pakistani and Chinese traders (exporters and importers), the State Bank of Pakistan has taken comprehensive policy related measures to ensure that imports, exports and financing transactions can be denominated in Chinese currency. Both public and private sector enterprises (i.e. both Pakistanis and Chinese) are free to choose CNY for bilateral Trade & Investment activities.

As per current foreign exchange regulations, Chinese Yuan (CNY) is an approved foreign currency for denominating foreign currency transactions in Pakistan. The central bank had already put in place the required regulatory framework which facilitates use of CNY in trade and investment transactions such as opening of L/Cs and availing financing facilities in Chinese currency. In terms of regulations in Pakistan, CNY is at par with other international currencies such as USD, Euro and JPY etc.

It may be mentioned here that after signing Currency Swap Agreement (CSA) with People’s Bank of China (PBoC), SBP had taken a series of steps to promote use of CNY in Pakistan for bilateral trade and investment with China. SBP allowed banks to accept CNY deposits and give CNY Trade loans. For onward lending the proceeds of CSA, SBP has put in place the loan mechanism for banks to get the CNY financing from SBP for onward lending to importers and exporters having underlying trade transactions denominated in CNY.  Industrial and Commercial Bank of China Limited (ICBC) Pakistan has been allowed to establish a local CNY settlement and clearing setup in Pakistan enabling it to open CNY accounts of the banks operating in Pakistan and to facilitate settlement of CNY based transactions such as remittance to/from China. With the opening of Bank of China in Pakistan, the access to onshore Chinese markets will strengthen further. Apart from the above, several banks in Pakistan maintain onshore CNY nostro accounts.

Considering the recent local and global economic developments, particularly with the growing size of trade and investment with China under CPEC, SBP foresees that CNY denominated trade with China will increase significantly, going forward; and will yield long term benefits for both the countries.

 

Trading in Chinese yuan allowed in Pakistan

chinese yuan

Corporate Ambassador Report/KARACHI: Meeting a major demand of Pakistani and Chinese traders (exporters and importers), the State Bank of Pakistan has taken comprehensive policy related measures to ensure that imports, exports and financing transactions can be denominated in Chinese currency. Both public and private sector enterprises (i.e. both Pakistanis and Chinese) are free to choose CNY for bilateral Trade & Investment activities.

As per current foreign exchange regulations, Chinese Yuan (CNY) is an approved foreign currency for denominating foreign currency transactions in Pakistan. The central bank had already put in place the required regulatory framework which facilitates use of CNY in trade and investment transactions such as opening of L/Cs and availing financing facilities in Chinese currency. In terms of regulations in Pakistan, CNY is at par with other international currencies such as USD, Euro and JPY etc.

It may be mentioned here that after signing Currency Swap Agreement (CSA) with People’s Bank of China (PBoC), SBP had taken a series of steps to promote use of CNY in Pakistan for bilateral trade and investment with China. SBP allowed banks to accept CNY deposits and give CNY Trade loans (http://www.sbp.org.pk/epd/2012/FEC4.htm). For onward lending the proceeds of CSA, SBP has put in place the loan mechanism for banks to get the CNY financing from SBP for onward lending to importers and exporters having underlying trade transactions denominated in CNY. The modus operandi of this liquidity facility for banks is already explained in SBP Circular No 9 of 2013 (http://www.sbp.org.pk/dmmd/2013/C9.htm)

 

Industrial and Commercial Bank of China Limited (ICBC) Pakistan has been allowed to establish a local CNY settlement and clearing setup in Pakistan enabling it to open CNY accounts of the banks operating in Pakistan and to facilitate settlement of CNY based transactions such as remittance to/from China. With the opening of Bank of China in Pakistan, the access to onshore Chinese markets will strengthen further. Apart from the above, several banks in Pakistan maintain onshore CNY nostro accounts.

 

Considering the recent local and global economic developments, particularly with the growing size of trade and investment with China under CPEC, SBP foresees that CNY denominated trade with China will increase significantly, going forward; and will yield long term benefits for both the countries.

Suicide attacks increase in 2017, reports PICSS

Pakistan

J. Choudhry/ISLAMABAD

Unlike previous two years (2015 and 2016), the year 2017 could not see a significant reduction in anti-State violence. Instead, the year 2017 saw more suicide attacks than preceding two years. The year 2017 witnessed 23 bloody suicide attacks, which are more than preceding two years _ 2015 saw 18 and 2016 saw 17 suicide attacks.

An independent think tank, Pakistan Institute for Conflict and Security Studies (PICSS) which also works as a monitoring body of anti-State violence in Pakistan, says in its monitoring report for 2017. The provisional statistics for the year 2017 show 15 percent decline in militant attacks, a mere six percent reduction in deaths in militant attacks and a four percent increase in number of injured. This so-called status quo in security situation in the year could be attributed to various external and internal factors including renewed support to anti-Pakistan elements operating from Afghanistan and the government in Islamabad losing focus of its counter-extremism strategy, i.e. National Action Plan, due to political maneuverings of the opposition parties resulting in ouster of the sitting prime minister.

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As per statistics released by the PICSS, 1387 people were killed including 585 civilians, 555 militants, and 247 security forces personnel while 1,965 were injured including 1580 civilians 331 security forces personnel and 54 militants in terrorism-related violence and militant attacks and security forces actions. The militants carried out at least 420 attacks in which 912 people were killed _ 584 civilians 225 security forces personnel and 103 militants and 1877 people were injured including 1576 civilians 271 security forces personnel and 30 militants while security forces conducted 522 actions in which 475 people were killed including 452 militants and 22 security forces personnel while 88 people injured including 60 security forces personnel, 24 militants, and four civilians. Security forces also arrested 1760 suspected militants during the year.

 

The year also saw a significant decline in the number of security forces actions against the militants, resultant deaths, and arrests of the militants. As per PICSS data, the year 2017 saw a decline of 113 percent in security forces actions, a reduction of 87 percent in militant deaths and 139 percent in the number of arrests related to terrorism. Despite a remarkable decline in security forces actions, the total number of militant attacks remained less than last year.

The year 2017 saw the highest number of militant attacks in Balochistan where 183 militant attacks were recorded in which 308 people were killed including 208 civilians and 84 security forces personnel while 572 people were injured including 443 civilians and 129 security forces personnel. The province saw almost no change in the total number of militant attacks, however, a decline in the number of deaths by 46 percent and injuries by 28 percent was observed. The province remained target of a variety of militant groups including sub-nationalist militants, sectarian and international militant groups. Overall, 43 percent of the total militant attacks in the country were recorded in Balochistan. 10 out of 23 suicide attacks (43 percent) took place in Balochistan during the year. 46 percent of the IED blasts (bomb blasts) also took place in the province. In response, the security forces conducted at least 134 operations against the militants in which 112 militants were killed and 657 were arrested during the year.

After Balochistan, FATA remained the most troubled part of the country during 2017. Although the number of militant attacks dropped by 14 percent, the number of deaths increased by 77 percent and injuries by 152 percent. Kidnapping by militants also increased in FATA by 113 percent. In total, 102 militant attacks were recorded in this region in which 339 people including 206 civilians, 65 security forces personnel and 68 militants were killed while 858 people including 629 civilians, 187 security forces personnel and 38 militants were injured. 58 security forces operations were reported from FATA in which 84 militants and five security forces personnel were killed while 22 militants and two forces personnel were injured. Security forces also arrested at least 79 suspects from FATA.

Khyber Pakhtunkhwa witnessed significant improvement in security situation as all indicators saw negative trends. There was 40 percent decline in the number of militant attacks, 47 percent decline in the number of deaths 55 percent decline in the number of injured. A total of 75 militant attacks were recorded in KP in which 92 people were killed including 43 civilians, 34 security forces personnel, and 15 militants while 175 people were injured including 136 civilians and 39 security forces personnel. Despite the overall improvement, the province saw the second highest number of suicide attacks during the year as there were at least six suicide attacks reported from the province. (In 2016, there were five suicide attacks recorded in the province). Security forces conducted at least 103 actions against the militants in which 543 suspects were arrested and 41 were killed during 2017.

Sindh province saw a 40 percent decrease in militant attacks, however, there was 84 increase in deaths and 142 percent increase in the number of injured in militant attacks during the year 2017. Militants carried out 40 attacks in the province in which 112 people including 92 civilians and 17 security forces personnel while 303 people were injured including 293 civilians and 10 security forces personnel. The province saw one suicide attack during the year. The security forces conducted at least 98 actions against the militants in which 110 suspects were killed and 153 were arrested.

Punjab witnessed seven percent increase in militant attacks however there was 37 percent decline in deaths and 41 percent decline in the number of injured persons. During the year, 15 militant attacks were recorded in Punjab in which 59 people including 34 civilians and 24 security forces personnel were killed and 208 people all of them civilians were injured. The province also witnessed three suicide bombings which are one more than 2016. The security forces conducted 119 actions against the militants in the province in which 105 militants were killed and 298 were arrested.

Two militant attacks were reported from Azad Jammu and Kashmir in which one civilian died and five injured. Three violent militant activities of low intensity were reported from Federal Capital Islamabad in which only one person lost his life. No violent militant activity was reported from Gilgit-Baltistan region. The security forces conducted at least four actions in Azad Kashmir in which 12 suspected militants were arrested. 14 suspected militants were arrested from the Gilgit-Baltistan region in two security forces actions while four suspects were arrested in three actions in Federal Capital Territory Islamabad.

Mohsin Nathani being tipped new President/CEO of scam-hit Habib Bank

Pakistan’s banking sector ‘Titanic in Trouble’

Corporate Ambassador Report/KARACHI

Mohsin Nathani

Mohsin Ali Nathani, a very experienced banker, who is being tipped as the new President/CEO of the scandal-hit Habib Bank Limited, will be facing the most difficult task of reviving the battered image and business of the HBL that had faced a major setback after imposition of more than Rs 22 billion fine in America as the bank failed to fulfill the money-laundering regulatory responsibilities in USA a few months ago. Tens of Millions of dollars remittances of the HBL from the United States and other countries are at stake because of this mega-scam in the banking history of Pakistan that had not only defamed Pakistan, but also raised many eye-brows about the capability of Pakistani banks to meet the challenges of combating the money laundering and enforcing the laws and technology that fully comply with the anti-money laundering laws globally.

The incumbent President/CEO Nauman K. Dar is expected to leave the bank at the end of Dec-2017, on completion of his tenure as the HBL President and money-laundering scam in United States seems one of the key reasons that have landed Nauman Dar and many other HBL officials in trouble who were either incompetent or they deliberately compromised on international anti-money laundering laws for making money _ from transactions of foreign exchanges especially remittances and also earned monetary reward from the State Bank of Pakistan for attracting the highest number of remittances annually. The SBP had launched the Pakistan Remittance Initiatives that offers financial incentives to promote the inflows of the remittances, but the HBL that was Pakistan’s leading remittance raising bank, had finally succumbed to money-laundering scam because of sheer negligence and intolerable mismanagement.

Now the FBI of the United States and the auditors are investigating the matter to find out more details _ but this scam had raised many questions _ how the HBL kept its eyes closed that ultimately led to a serious crisis in the shape of detection of the money-laundering through HBL by none other than the central bank of America and the FBI? How the State Bank of Pakistan kept on ignoring that the HBL was not complying with the regulatory requirement of the USA regarding the enforcement of the anti-money laundering mechanism? Who are the HBL officers/officials and others who have used this Pakistan’s largest commercial bank for money laundering? What kind of action had been taken against the board of directors of the HBL who are responsible for overseeing the operations and policies of the bank? What our NAB and FIA have done, so far, to find out into this mega scam? This must be shared with the media and the nation to prevent such mishaps in future.

The top management of the HBL has sacked some of the officials holding them responsible for this scam those sacked officials are unlikely to be produced before the auditors to reach to the network of the organized gangsters/bankers who had used HBL for money laundering.

Another issue that had tarnished the image of the Habib Bank is the downsizing in the HBL in Dec-2017 as the bank had forcibly retired its 144 officials, including a gold medal winner without mentioning their faults or any weaknesses in the performance. Some of the employees of the HBL recently sacked by the bank addressed a joint press conference in Karachi Press Club on Thursday afternoon just to share with media their painful ordeal of losing jobs without any solid reason, except that the bank had used the lethal law to butcher their jobs. The sacked employees said that many more are going to face forced retirement in coming weeks just because of the mismanagement and criminal negligence of the top management that could not anticipate mega scam of money laundering and now cutting jobs to save just peanuts worth amount.

Interestingly, the Habib Bank Limited had emerged the strongest and the largest profit-making bank in recent couple of years, no doubt, because of the untiring efforts of the management and the entire banking team. The annual profit of the HBL had even crossed 35 billion rupees a year. The profit also earned the honour of being the market leader in raising the remittances from all over the world, but, alas, the money-laundering scam, that apparently seems the outcome of the negligence and mismanagement of the top officials had ruined the integrity, image and strength of the bank in Pakistan and abroad as well.

How the upcoming President/CEO Mohsin Nathani, as per sources in the HBL, would be able to make once again the HBL the mightiest bank of Pakistan, is a question that is circulating in the banking circles as he is being tipped as the leader of the bank.

ABOUT Mohsin Ali Nathani

Mr. Mohsin Ali Nathani has served as the Chief Executive Officer for UAE at Standard Chartered PLC from February 2014 to April 2015. Mr. Nathani served as the Chief Executive Officer of Standard Chartered Bank Pakistan Limited from September 2010 to January 31, 2014. He is a seasoned corporate banker with over 20 years of banking experience, covering Asia (East and South-East), Middle East and Levant regions.

He served as Managing Director and Country Head of Barclays Bank Plc Pakistan since January 2008. He was instrumental in obtaining an organic banking license for Barclays in Pakistan in 2007 and then successfully launching it, along with his team, in July 2008. Before heading Pakistan, he joined Barclays in Dubai in May 2007 as the Head of Commercial Business for Global Retail and Commercial Banking, Emerging Markets. He started his professional life in 1988 with ICI Pakistan. Mr. Nathani served as Head of Emerging Market Corporate Banking for the Middle East of Citigroup Inc., Dubai since April 13, 2005. He served as Chief Executive Officer and Managing Director for the Islamic investment bank Citigroup of Citigroup Inc. since April 13 , 2005 and as its Co-head of Asia debt markets for Citigroup Inc. from March 2000 to May 2005. He served as Senior Credit Officer (SCO) & Senior Securities Officer of Citigroup. He began his banking career in 1989 with Citigroup in Karachi. Mr. Nathani joined ABN Amro Holding NV in 1993 before returning to Citigroup in 2000. He was also served with ABN Amro Bank. He served as Chairman and Director of Standard Chartered Leasing Ltd till February 2014, Standard Chartered Services Of Pakistan (Pvt) Ltd. He served as the Chairman of Standard Chartered Modaraba from September 27, 2010 to February 12, 2014. He serves as a Director at Standard Chartered Services Of Pakistan (Pvt) Ltd. and Central Depository Company of Pakistan Limited. He serves as a Director of Price Solution Pakistan (Private) Limited. He is on the boards of Pakistan Council for Philanthropy, British Oversees School, I-CARE and a trustee in IBA endowment fund. He served as a Director of Standard Chartered Bank Pakistan Limited from September 2010 to January 31, 2014. He served as Director at Barclays Bank Plc Pakistan. Mr. Nathani holds MBA from the Institute of Business Administration (IBA), Karachi in 1987.

End

My TV Channel being launched in Pakistan

Mr Nazir Ahmed Vaid, Chairman, NexSource Pakistan Limited (2nd from right in Shalwar-Kameez) is presenting Shield to Chairperson of 6th Corporate Ambassador Awards Ms Rozina Jalal, a renowned astrologist. Mr Vaid was the Chief Guest of this program. Mr Irtiza Kazmi, Group Chief, National Bank (in center), Syed Ibne Hasan, VP, NBP (extreme right), Roomi Syed, extreme left, Javed Mahmood, Mubasher Mir and Kinza Abbasi are also seen in this group photo.

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By J. Choudhry/KARACHI

Mr Nazir Ahmed Vaid, Chairman, NexSource Pakistan Limited, a Karachi-based group having country-wide presence, has disclosed that his group is launching a satellite-based My TV channel soon in Pakistan. The Pakistan Electronic Media Regulatory Authority (PEMRA) had already allowed us recently to start the test-run of this TV channel that will be dedicated to the educational and social training of the children with fun.

6th CA Award stage

(Chairman NexSource Pakistan Mr Nazir Ahmed Vaid is addressing the 6th Corporate Ambassador Awards in Karachi as Chief Guest).

Mr Vaid disclosed this in an informal chat with Javed Mahmood, Editor Corporate Ambassador and a founding-member of the Karachi Editors Club and Manzar Naqvi, Secretary General of Karachi Editors Club (KEC) and Executive Editor of The Financial Daily.

Mr Vaid is Chairman of about 27 companies involved in multiple businesses in the country. A couple of weeks ago, Mr Vaid inaugurated a new outlet of his group’s Raymond’s Fabrics in Zaibun-Nissa Street, Saddar area in Karachi. The outlet caters to the ladies and gents stitched and unstitched clothes. One outlet of this brand is already operation in Lahore Defence and one in Blue Area in Karachi. Raymond Fabrics offers fine quality stuff for ladies and gents.

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About upcoming TV channel, Chairman of the NexSource Pakistan said that MY TV channel would start airing children-related programs aimed at their improvement in their educational and social engagements and behavior as well. He, however, stated that at later stage the scope of the TV’s coverage would be expanded to the youth.

My TV would organize programs in more than 1,000 schools in a year to involve the children in healthy educational and social activities, he said, adding, the TV channel would also be accessible on cellphones, laptops and computers through specially-designed Aps that would attract maximum viewership from the children. Because, he pointed out, today the children are giving much of their time to cellphones, computers, laptops and other similar devices and TV Aps would facilitate the children to have greater access to the programs of their choice. Nazir Vaid further pointed out that the aps would also enable the viewers to give feedback and their comments during breaks in a programme.

 

Vicious lobbying begins to oust FBR Chairman Tariq Pasha

FBR islamabad

Corporate Ambassador/ISLAMABAD: The Federal Board of Revenue (FBR) has observed that an organized lobbying has been started by the vested interests elements who are making hectic efforts to oust Chairman FBR Tariq Pasha and get appointed new chief of FBR of their choice. In a strong rebuttal to recent media reports against FBR and its Chairman, the officials of the FBR have pointed out that on 14 November, 2017, an unprecedented letter was written by Fawad Hasan Fawad, Secretary to the Prime Minister to Chairman Federal Board of Revenue on “Issues of Good Governance in the FBR”. This letter was then conveniently leaked to the media that appeared with some spicy additions and twists in some newspapers and TV channels. It is, indeed, surprising that out of all the Federal Government departments, only FBR was singled out for this unique treatment.

Tariq Pasha

The background of this letter is that a few days earlier, in a meeting where some contenders for the position of Finance Minister were present, Chairman FBR Tariq Pasha was grilled about his performance. It is no secret that Pasha is very close to Ishaq Dar and was posted as Chairman FBR by him. So it was inevitable that following rumors of Dar’s resignation, the vultures would be circling and preparing to grab the top slot of the FBR. The post of Chairman FBR is one of the most powerful and lucrative posts in the Federal Government, so many aspirants would be dreaming of replacing the incumbent. It is a just simple matter to circulate unsubstantiated allegations to put Pasha on the defensive and then use such a letter to displace him.

Apart from the fact that the letter is unprecedented and singles out the FBR, it is clearly misleading and biased. The first para names some officers against whom disciplinary actions were taken on various ground, and falsely states that that these officers were assigned to lucrative field positions. This is clearly a lie. Mr. Abdul Hameed Anjum was awarded major penalty of dismissal from service, but was re-instated by the Federal Services Tribunal, against which FBR has appealed to the Supreme Court. He is posted in FBR Islamabad, which is clearly not a lucrative field position. Similarly, Ansar Majeed is also posted in FBR, Islamabad, while Abdul Hamid Abro is posted as Deputy Director Internal Audit Hyderabad, known as a punishment post. The letter also ignores that fact that any penalty, minor or otherwise, was imposed prior to the posting of Tariq Pasha as Chairman FBR. It also ignores the fact that imposition of penalty is the punishment for whatever offense the officer was accused of. So if the officer is retained in service, after imposition of penalty, the chapter closes, and he cannot be continuously punished by indefinitely denying him further postings.

The second para names some BS-20 officers and wrongly states that no action is being taken although formal enquiries have been completed since long. Fawad Hasan Fawad fails to mention (although he knows very well) that inquiries against these officers were motivated due to internal rivalries and based on flimsy grounds, and initiated without proper grounds or fact finding. These were prepared in such haste and clumsy manner that prior approval of the Prime Minister, the Authority for BS-20 officers, was not obtained. Therefore, all these inquiries were challenged in courts, and ultimately Law Division ruled that all these inquiries are void ab initio.

The third para mentions that officers with “embarrassingly compromised reputation” are leading some of the most important establishments of the FBR. Fawad Hasan Fawad neither names these tainted officers, nor mentions how he ascertained that their  reputation, whether by hearsay or any material evidence. He also fails to realize that the posting of each of these officers of BS-21 and above was approved by the previous Prime Minister Nawaz Sharif. Does he now dare to disagree with the decisions of his erstwhile boss and protector?

Fawad Hasan Fawad also ignores the fact that his benefactor, who is facing serious charges of corruption in NAB courts, is crying for justice, but he is denying the same justice to officers who are being unilaterally painted as corrupt. Fawad’s own reputation is badly tarnished, and numerous cases of his corruption, favoritism and other crimes are floating on the internet and social media, notably his huge shopping mall in Rawalpindi. He is also a director of a private firm while being a government servant. Now that pot is calling the kettle black!

In short, the entire letter is nothing but a shabby attempt to dislodge Tariq Pasha, Chairman FBR, highlighting wrong and irrelevant issues and then leaking the same to the media.

Nominations invited for 12th Corporate Ambassador Awards in Karachi in Jan-2018

12th CorporateAmbassador Awards Dec20

12th Corporate Ambassador Awards is being held in Karachi around mid-January/2018 at Beach Luxury Hotel, Karachi. Pakistan’s famous Astrologist Rozina Jalal is joining this award as Chairperson while a renowned personality from the corporate sector will be invited as Chief Guest. We give awards to the companies and individuals have achievements with the aim to encourage them and to motivate others to pursue the path of high-achievers. Organizations and individuals can send their nominations to Mr Javed Mahmood, Chief Editor, Corporate Ambassador at his WhatsApp 0334-3939029 or Email him at: jchoudhry63@gmail.com

12th Awards Promo Dec30

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Our 12th Awards Chairperson Rozina Jalal (right) is standing with PTV’s famous anchorperson Nusrat Harris at the 10th Corporate Ambassador Awards held in Karachi in 2017. Below is another picture of Rozina Jalal when she was addressing the 10th CA Awards ceremony at Beach Luxury Hotel.

 

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FOZIA TARIQ, (Below){ a renowned businessperson/trainer and social dignitary is joining us in our 12th Awards

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Here are members of Jury of Corporate Ambassador Awards. Left-2-Right: Mubasher Mir, President, Karachi Editors Club, Resident Editor Daily Pakistan, Karachi & TV Analyst; Javed Mahmood, Founder/Editor Corporate Ambassador. Rozina Jalal, Pakistan’s renowned Astrologist/YV Analyst; Alveena Agha, Chief Editor Affairs Pakistan, Journalist/TV Analyst. Ali Nasir, senior Anchorperson, now with AbbTak TV and Muttahir Ahmed Khan, assistant Professor, Writer/TV Analyst.

Awards Jury Members Sept17

My Social Media Strength by Jan 12, 2018.

My Social Media Wealth (Jan-12, 2018)

Below are the glimpses of 11th Corporate Ambassador Awards, organized in Islamabad. Brazilian Ambassador was the Chief Guest.

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Brazillian Ambassador, the Chief Guest of 11th Corporate Ambassador Awards, is highlighting the significance of social appreciation of high-achievers and challenges faced by Brazil and Pakistan. 11th Awards was organized at Hotel Crown Plaza, Islamabad on Nov 4, 2017. Dr Ashfaque Hasan Khan, Dean of NUST School of Social Sciences was the Chairman of the awards, Aamna Rauf Malik, a philanthropist, senior educationist/trainer was the Guest of Honour. Dr Murtaza Mughal, President of Pakistan Economy Watch and Chairman of Pakistani Nazriya Center, Islamabad, was the Special Key-Note Speaker.

11th awards FB Promo Nov6

By J. Choudhry/Corporate Ambassador/ISLAMABAD

Brazilian Ambassador to Pakistan His Excellency Mr Claudio Raja Gabaglia Lins said that Brazil and Pakistan are facing challenges of combating the poverty and climate changes. He was speaking as Chief Guest at the 11th Corporate Ambassador Awards at hotel Crown Plaza in Islamabad on Nov 4, 2017.

11th awards FB panaflex

Chief Editor weekly Corporate Ambassador and organizer of the 11th Awards Javed Mahmood, Guest of Honour Aamna Rauf Malik, Special Guest Speaker Dr Murtaza Mughal and CEO of Pizza One Muhammad Mahmood-ul-Hasan welcomed the Chief Guest at the OAK Hall of the Hotel Crown Plaza. Brazilian Ambassador (below) Mr Claudio Lins addressing the audience of 11th awards.

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Speaking on the occasion Brazilian Ambassador Mr Claudio Lins stated that there are several similarities between Brazil and Pakistan, mentioning that both countries have about two hundred million inhabitants (207 million population of Brazil), and that the people of both the countries are very hospitable and friendly.

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He appreciated Mr Javed Mahmood (sitting 2nd from left on stage) for organizing Corporate Ambassador awards to appreciate and acknowledge the good works of the organizations and individual professionals. He said that the appreciation encourages people to achieve more excellence in their business, profession and career. He thanked the chief editor of Corporate Ambassador Javed Mahmood for inviting him as Chief Guest and also thanked the participants of the award. (CEO PizzaOne receiving award)

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There are many university teachers in Peshawar and elsewhere in Pakistan, who have obtained their professional degrees from Brazil. (Dr Murtaza Mughal is receiving his award)

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The Embassy of Brazil in Islamabad offers free courses in Portuguese language, and also courses in capoeira, a unique Brazilian martial art dance, which has developed with a mixture of influences from Africa and other countries. (Sunaina Khan, Kathak Dancer/Trainer receiving award)

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The Ambassador of Brazil was welcomed with bouquets of flowers while Farhan Wilayat Butt of the Pakistan Peacekeeping Mission presented Ajrak and Sindhi cap to the Chief Guest.

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Dr Murtaza Mughal, President of the Pakistan Economy Watch, World Columnists Club and Chairman of Nazriya Pakistan Center, Islamabad, delivered the welcome address on behalf of weekly Corporate Ambassador. He thanked the Chief Guest for joining the 11th Corporate Ambassador Awards to support the initiative of Mr Javed Mahmood of appreciation of those who are doing good work. Dr Murtaza said that the appreciation culture that was very rare in the society was essential to encourage the people engaged in achieving excellence in their field, business, career and they must be supported for further progress.

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Guest of Honour Aamna Rauf Malik said that Pakistanis are very hospitable people and they like Brazil and its people. Aamna Malik, who is senior educationist/trainer and founder of the Fog-Light, a charity organization engaged in the capacity building of the teachers free of cost, said that her mission was to impart training to the teachers who rarely get opportunities of capacity building and training.

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She said that she got married at an early age, but continued to study further after marriage and then joined the profession of education. “I established Fog-Light” with the aim to give training to the teachers for their capacity building and improvement in their teacher patterns.

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Aamna Malik, the mother of four children, said that she sometime neglected her family just to pursue her mission of capacity building of the teachers through the Fog-Light platform. (Dr Ashfaque H. Khan is receiving his shield)

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chief guest and AbbTuk

Brazilian Ambassador Mr Claudio Lins giving interview to AbbTuk TV Channel at the 11th Corporate Ambassador Awards.

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with ajrak chief guest

Who can apply for this award? Click on the link below to get more info

https://weeklycorporateambassador.wordpress.com/2016/07/08/corporate-ambassador-awards-info/

Link of 10th Corporate Ambassador Awards held in Karachi

https://weeklycorporateambassador.wordpress.com/2017/09/21/remittances-thru-banking-channel-must-for-national-cause-nbp-president/

 

Brazil, Pakistan facing poverty, climate changes: Claudio Lins

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By J. Choudhry/Corporate Ambassador/ISLAMABAD

Brazilian Ambassador to Pakistan His Excellency Mr Claudio Raja Gabaglia Lins said that Brazil and Pakistan are facing challenges of combating the poverty and climate changes. He was speaking as Chief Guest at the 11th Corporate Ambassador Awards at hotel Crown Plaza in Islamabad on Nov 4, 2017.

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Chief Editor weekly Corporate Ambassador and organizer of the 11th Awards Javed Mahmood, Guest of Honour Aamna Rauf Malik, Special Guest Speaker Dr Murtaza Mughal and CEO of Pizza One Muhammad Mahmood-ul-Hasan welcomed the Chief Guest at the OAK Hall of the Hotel Crown Plaza.

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Speaking on the occasion Brazilian Ambassador Mr Claudio Lins stated that there are several similarities between Brazil and Pakistan, mentioning that both countries have about two hundred million inhabitants (207 million population of Brazil), and that the people of both the countries are very hospitable and friendly.

sultan6

He appreciated Mr Javed Mahmood (sitting 2nd from left on stage) for organizing Corporate Ambassador awards to appreciate and acknowledge the good works of the organizations and individual professionals. He said that the appreciation encourages people to achieve more excellence in their business, profession and career. He thanked the chief editor of Corporate Ambassador Javed Mahmood for inviting him as Chief Guest and also thanked the participants of the award. (CEO PizzaOne receiving award)

pizzaone award

There are many university teachers in Peshawar and elsewhere in Pakistan, who have obtained their professional degrees from Brazil. (Dr Murtaza Mughal is receiving his award)

Murtaza

The Embassy of Brazil in Islamabad offers free courses in Portuguese language, and also courses in capoeira, a unique Brazilian martial art dance, which has developed with a mixture of influences from Africa and other countries. (Sunaina Khan, Kathak Dancer/Trainer receiving award)

aamna malik

The Ambassador of Brazil was welcomed with bouquets of flowers while Farhan Wilayat Butt of the Pakistan Peacekeeping Mission presented Ajrak and Sindhi cap to the Chief Guest.

Javed Mahmood welcome chief guest

Dr Murtaza Mughal, President of the Pakistan Economy Watch, World Columnists Club and Chairman of Nazriya Pakistan Center, Islamabad, delivered the welcome address on behalf of weekly Corporate Ambassador. He thanked the Chief Guest for joining the 11th Corporate Ambassador Awards to support the initiative of Mr Javed Mahmood of appreciation of those who are doing good work. Dr Murtaza said that the appreciation culture that was very rare in the society was essential to encourage the people engaged in achieving excellence in their field, business, career and they must be supported for further progress.

Rakhshanda

Guest of Honour Aamna Rauf Malik said that Pakistanis are very hospitable people and they like Brazil and its people. Aamna Malik, who is senior educationist/trainer and founder of the Fog-Light, a charity organization engaged in the capacity building of the teachers free of cost, said that her mission was to impart training to the teachers who rarely get opportunities of capacity building and training.

ajrak for chiefguest

She said that she got married at an early age, but continued to study further after marriage and then joined the profession of education. “I established Fog-Light” with the aim to give training to the teachers for their capacity building and improvement in their teacher patterns.

chief guest with AbbTuk

Aamna Malik, the mother of four children, said that she sometime neglected her family just to pursue her mission of capacity building of the teachers through the Fog-Light platform. (Dr Ashfaque H. Khan is receiving his shield)

Dr Ashfaq

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chief guest and AbbTuk

Brazilian Ambassador Mr Claudio Lins giving interview to AbbTuk TV Channel at the 11th Corporate Ambassador Awards.

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with ajrak chief guest

 

Who can apply for this award? Click on the link below to get more info

https://weeklycorporateambassador.wordpress.com/2016/07/08/corporate-ambassador-awards-info/

Link of 10th Corporate Ambassador Awards held in Karachi

https://weeklycorporateambassador.wordpress.com/2017/09/21/remittances-thru-banking-channel-must-for-national-cause-nbp-president/

 

 

Chairman, Chief Guest of 11th Corporate Ambassador Awards in Islamabad

This is the Promo of the upcoming 11th Corporate Ambassador Awards, being held in Islamabad on Nov 4, 2017 at Hotel Crown Plaza, Jinnah Avenue. Dr Ashfaque Hasan Khan, Dean of NUST School of Social Sciences and Humanities and former Economic Adviser of Finance Ministry is joining as Chairman of 11th Awards, H.E. Mr Claudio Raja Gabaglia Lins, Ambassador of Brazil is joining as Chief Guest. Philanthropist and Senior Educationist/Trainer Aamna Rauf Malik is participating as Guest of Honour. Below are two Promos of the 11th awards.

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Here is the coverage of 10th Corporate Ambassador Awards organized in Karachi at Beach Luxury Hotel.

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Staff Report/KARACHI: Pakistanis must send remittances through banking channel to discourage ‘hundi’ and to support transfer of money through legal channels that would promote the economic stability in the country.

Irtiza Kazmi, EVP/Group Chief of Global Home Remittance of National Bank of Pakistan stated this while speaking as Chief Guest at the 10th Corporate Ambassador Awards organized at Beach Luxury Hotel in Karachi.

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He said that for the first time in 13 years, the inflow of remittance in Pakistan has shown decline in 2016-17 because of global issues, including jobs cut in some Gulf countries.

He said that the current account deficit was very high, remittance are facing slowdown and this is the time our overseas Pakistanis should send maximum money through banking channels.

People often complain about the issues related to governance of the government, but people must themselves play their due role in promoting remittance and national economic development in Pakistan.

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If every Pakistani is playing his/her role in nation building, Pakistan will certainly get stronger and stable, he added.

He said that National Bank of Pakistan was giving incentives and rewards to Pakistanis who are sending/receiving remittances through NBP through lucky draw. He said that the countrymen must take benefit of this scheme to support growth in remittance and nation building.

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Speaking on the occasion Irtaza Sarwar, CEO of Gresham Private Limited said that Pakistan has enormous potential of alternative energy production. He said that his company was playing an important role in the development of alternative energy in the country.

He said that his company was ready to support the organisations and government departments that want to promote production of energy through alternative resources in Pakistan to overcome shortfall in production of electricity in the country.

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Chief Editor weekly Corporate Ambassador organized the 10th Corporate Ambassador Awards at Beach Luxury Hotel in Karachi.

Renowned Fashion Designer Madiha Gohar was the Chairperson of the 10th Awards while famous Astrologist Ms Rozina Jalal was special guest speaker. Mehrin Ilahi, CEO of Majmua Art Gallery, Mubasher Mir, President Karachi Editors Club & Resident Editor Daily Pakistan, Faisal Zahid Malik, Chief Editor Daily Pakistan Observer and Nusrat Haris, famous Host of PTV morning show Subh-e-Nau were among the important participants.

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Corporate Ambassador Awards is a social & corporate award introduced by senior Journalist Javed Mahmood in 2012. This award is given to the organizations and professionals belonging to any field who have to their credit some notable achievement(s) in their life, profession, business, career or social welfare. Students with certain ambitions and achievements have also been given awards. The purpose of organizing this award is to appreciate those who have done wonderful work and motivate others to follow the path of the High-Achievers in the society. Since 2012 more than 250 organisations and individuals have received this award.

 AWARDS JURY

Awards Jury Members Sept17

In the above picture following dignitaries are the Members of Awards Jury ___ Ms Rozina Jalal, Pakistan’s renowned Astrologist; Mubasher Mir, President, Karachi Editors Club & Resident Editor daily Pakistan & TV Analyst, Karachi. Ali Nasir, Senior TV Anchor of Business Plus & Analyst, Karachi; Muttahir A. Khan, Asst. Professor/Anchor & Analyst; Alveena Agha, BOL TV Anchor & Chief Editor Affairs magazine, Karachi; and Javed Mahmood, Chief Editor Corporate Ambassador.

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Speaking on the occasion renowned Astrologist Ms Rozina Jalal said that the appreciation is must to support the organisations and individuals doing good work in our society.

She said that very few people appreciate others who deserve acknowledgement of their noble work for the well being of the people and the society. Rozina Jalal said that Chief Editor of weekly Corporate Ambassador Javed Mahmood deserves appreciation and support for promoting those organisations and individuals who have done good work in their profession.

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She said that students are also being given awards free of cost for showing outstanding performance in study and in social work.

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Nusrat Haris, famous TV Host, who won the Best TV Host Award, said that she was very glad after receiving the honour of this award. She thanked the Chief Editor of Corporate Ambassador Javed Mahmood and Members of Awards Jury _ Rozina Jalal, Mubasher Mir, Ali Nsir, Muttahir Ahmed Khan and Javed Mahmood who approved award for her.

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Karachi Editors Club President and Resident Editor of Daily Pakistan Mubasher Mir said that organizing awards like event is very tough task. He said that he himself organizes two awards _ Energy Awards & Excellence in Journalism Awards every year.

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Mubasher Mir said that we should promote the culture of appreciation and support all those who are promoting image, culture and good work of organisations and individuals in our society.

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He also appreciated Javed Mahmood of Corporate Ambassador for holding 10th Awards in Karachi at Beach Luxury Hotel on Aug-25, 2017.

More glimpses of awards

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