PTCL Group Provides Free Calls to Keep People Connected with Their Loved Ones in Turkiye and Syria

Islamabad, February 13, 2023 (PPI-OT):PTCL Group, a subsidiary of e and , has come forward with an industry-first initiative to extend support to millions of people devastated in recent earthquakes in both Turkiye and Syria by providing free calls from PTCL landline and free calling minutes from Ufone 4G.

PTCL and Ufone 4G will provide free international calls from Pakistan to keep people connected to their nearest and dearest in Turkiye and Syria. Ufone 4G customers can avail the facility by dialing *2255#.

PTCL Group is deeply saddened by the natural calamity that has struck both Turkiye and Syria. During these tough times, the entire Group stands together with the millions of displaced people including children, women and the elderly and believes that it is our duty to extend support to the affected community. With the scale of devastation, we understand that many people have friends or families in both countries and in light of this, we endeavour to utilize our resources to help them get in touch with their loved ones.

PTCL Group takes immense pride in its Pakistani identity and hence feels it is its national responsibility to reach out to the people in distress. All the efforts are in line with the Group’s commitment to fostering social well-being both in emergencies and in peace.

For more information, contact:
Pakistan Telecommunication Company Limited (PTCL)
F-8 Exchange, Nazim-Ud-Din Road F-8/1,
Islamabad, Pakistan
Tel: +92-51-111-20-20-20
Fax: +92-51-111-21-21-21
Email: shahzad.khalil@ptcl.net.pk
Website: www.ptcl.com.pk

The post PTCL Group Provides Free Calls to Keep People Connected with Their Loved Ones in Turkiye and Syria appeared first on Business News Pakistan.

PTCL Group’s largest E-Sports Gaming Tournament, GAMEKEY Arena Concluded in Lahore

Lahore, February 13, 2023 (PPI-OT):Team AGONxi8 Esports has been crowned the ultimate PUBG MOBILE champion of Pakistan after the squad carried the day at the grand finale of PTCL Group’s largest E-Sports gaming tournament ‘GameKey Arena’ at Nishtar Park Sports Complex, Lahore.

Sixteen top PUBG MOBILE squads battled it out to decide the champion in the ultimate showdown, spanning 15 maps. AGONxI8 was the last squad standing, with 3X ESPORTS and 52 ESPORTS taking the second and third spots respectively.

3X Miracle clinched the top fragger spot with 38 kills while AG18 FALAK and 52 XHASSAN seized second and third places with 37 and 28 kills respectively.

Over 700 PUBG MOBILE squads participated in the online qualifiers of the tournament which was played on PTCL Group’s newly launched E-Sports gaming platform GameKey, which provides single window access to all popular online gaming labels to all data users in Pakistan.

PTCL Group awarded a prize pool of PKR 3,000,000 to the winning and runner-up squads at the prize distribution ceremony preceding an enthralling musical concert by popular Pakistani singer, Shamoon Ismail. The champion team was awarded PKR 1,200,000 while the two runner-ups received PKR 550,000 and PKR 300,000 respectively. The top fragger 3X Miracle received a cash prize of PKR 50 thousand while the two runner-ups received PKR 30 thousand and PKR 20 thousand for their matchless exploits in the tournament.

Sharing his thoughts at the event, Amir Pasha, Group Director Public Relations, CSR, Corporate Communication and Media, PTCL Group said, “Pakistan has immense untapped potential in E-Sports. PTCL and Ufone 4G intend to tap into this unexplored talent in order to enrich the fledgling gaming culture in the country.

GameKey Arena tournament, which was played on our newly launched E-Sports gaming platform GameKey, provides a conducive platform for young and experienced players to explore and groom their talents and use the opportunity to test their skills against the best in the game to be able to grow and succeed as professional gamers.”

GameKey Arena was the inaugural tournament on GameKey platform, however, PTCL and Ufone 4G intend to transform it into a calendar event, making it an annual gaming festival for gaming enthusiasts from across the country.

The GameKey Arena tournament received an overwhelmingly positive response. Pakistan’s gaming community appreciated PTCL Group for organizing one of the largest E-Sports tournaments in the country to support Pakistani gamers. Hundreds of thousands of gaming enthusiasts, especially PUBG MOBILE fans caught the action live as important matches were live-streamed through Ufone 4G’s social media channels.

For more information, contact:
Pakistan Telecommunication Company Limited (PTCL)
F-8 Exchange, Nazim-Ud-Din Road F-8/1,
Islamabad, Pakistan
Tel: +92-51-111-20-20-20
Fax: +92-51-111-21-21-21
Email: shahzad.khalil@ptcl.net.pk
Website: www.ptcl.com.pk

The post PTCL Group’s largest E-Sports Gaming Tournament, GAMEKEY Arena Concluded in Lahore appeared first on Business News Pakistan.

Customers at Heart: K-Electric Files a Robust Investment Plan of PKR 484 Billion for Sustainable Power Supply to Karachi

Karachi, February 13, 2023 (PPI-OT):K-Electric has filed its investment plan FY 2024-2030 for Transmission and Distribution segments. The futuristic plan keeps its customers at the heart of the business and seeks to leverage technology as a mainstay to further improve network reliability for smooth and reliable supply of power, while accelerating Karachi’s development, progress, and sustainability.

The new plan envisages to invest PKR 484 billion in the Transmission and Distribution business with a keen eye on projected growth in power demand, loss reduction initiatives, targeted and technology driven investments in the network for improved reliability and safety, as well as initiatives to enable KE off-take additional power from external sources including the National Grid. The goal at the end is to make power affordable, safe, reliable, and smooth. At the same time, it seeks to invest in climate resilient and environmentally sustainable infrastructure for power supply.

Since privatization, KE has halved its T and D losses, doubled its customer base and power consumption. This was possible due to sustained investments totaling to PKR 474 billion across the value chain. As per NEPRA State of Industry Report, since its privatization in 2005, KE is the most improved distribution company in terms of loss reduction.

The new investment plan is designed to further the operational improvements and is aligned with KE’s vision to keep the customer’s interests and needs at the core of the company’s business operations. The previous MYT was an integrated model that together clubbed generation, transmission, and distribution as an integrated model. As the market transforms into an open ecosystem, we look forward to working in this environment to bring the best of our services for our customers.

For more information, contact:
Media and PR Department,
K-Electric
KE House, 39-B, Sunset Boulevard, Phase-II,
Defence Housing Authority, Karachi, Pakistan
Tel: +92-21-32637133, +92-21-38709132
Cell: +92-300-2281183, +92-346-8223641
Website: https://www.ke.com.pk

The post Customers at Heart: K-Electric Files a Robust Investment Plan of PKR 484 Billion for Sustainable Power Supply to Karachi appeared first on Business News Pakistan.

OPEN Health to acquire leading US-based life science strategy and advisory firm Acsel Health

London, U.K., Feb. 13, 2023 (GLOBE NEWSWIRE) — OPEN Health, a pre-eminent global provider of scientific communications and HEOR & market access services, announced the acquisition of Acsel Health (“Acsel”), a New York-based life science strategy and advisory firm focused on commercial strategy, pricing and market access, and commercial excellence.

Acsel’s deep industry expertise, scientific rigor, and actionable analysis drives its success in providing valued partnership to life science companies. These capabilities will complement OPEN Health’s existing offering, broadening the range of services it offers to pharma and biotech companies.

Lujing Wang, Managing Partner of Acsel Health, said, “We are thrilled to join OPEN Health and to work with a wider team to solve for today’s demands and meet tomorrow’s expectations for pharma and biotech customers. With new colleagues and capabilities to partner with, we are equipped to answer the most challenging cross-disciplinary questions in life science across all key therapeutic areas.”

“Acsel is an extraordinary addition to OPEN Health. Acsel’s expert team and long-standing client relationships significantly strengthen our ability to support the commercialization of our clients’ assets and unlock access for patients.” said OPEN Health CEO, Rob Barker. “We are excited to welcome Acsel Health into the OPEN Health Group and look forward to working with our new colleagues to offer our clients innovative, scientific solutions around the globe.”

Fairmount Partners acted as exclusive financial advisor to Acsel Health. The terms of the transaction were not disclosed.

About OPEN Health

OPEN Health unites deep scientific knowledge with wide-ranging specialist expertise to unlock possibilities that improve health outcomes and patient wellbeing. Working in partnership with our clients, we embrace our different perspectives and strengths to deliver fresh thinking and solutions that make a difference. OPEN Health is a flexible global organization that solves complex healthcare challenges across HEOR and market access, medical communications and creative omnichannel campaigns. For more information on OPEN Health, visit www.openhealthgroup.com.

About Acsel Health

Acsel Health is a consulting firm that partners with renowned life science companies to guide life-changing innovations through their critical stages, from early development through market maturity. Acsel applies best-practice principles to develop and deliver highly individualized solutions to challenges across the product lifecycle for our clients. For more information on Acsel Health, visit www.acselhealth.com.

Attachment

Candice Subero
OPEN Health
candicesubero@openhealthgroup.com

GlobeNewswire Distribution ID 8744608

Preqin Publishes New Territory Guide: Real Estate in Saudi Arabia 2023

Dry powder reaches $537mn

LONDON, Feb. 13, 2023 (GLOBE NEWSWIRE) — Preqin, the global leader in alternative assets data, tools, and insights, published its Real Estate in Saudi Arabia 2023: Preqin Territory Guide. The report shows that while fundraising for closed end real estate funds in Saudi Arabia has been slowing in recent years, there may be an increase in activity this year with a number of funds currently open to investment.

The Preqin Territory Guide series gives alternatives investors data-driven insight on the opportunities in a particular market or region.

Monumental investments in real estate planned in Saudi Arabia

Real estate is at the heart of Saudi Arabia’s vision of its future. The Kingdom is rich in oil revenues, but is also cultivating private finance and expertise from both domestic and international sources to deliver its Vision 2030 ambitions. Furthermore, there are developing plans for monumental investments in real estate, such as the $500bn Neom desert city project. While the asset class has long been a core component of investor portfolios in Saudi Arabia, it’s not a fully institutionalized market. Investors have plenty of options to gain exposure to the region, with access routes including real estate investment trusts (REITs), separately managed accounts (SMAs), club and direct deals, and small but ambitious private fund managers.

Offering enhanced insights into the region, Preqin is now tracking 35 real estate fund managers in Saudi Arabia. Data shows assets under management (AUM) in closed-end funds at Saudi Arabia-based managers stand at $3.2bn at the end of June 2022, with dry powder of $537mn, the majority of which is in core strategies.

The pace of fundraising might be slowing, but an increase could be on the horizon

The fundraising market in the region has slowed in recent years, with the number of private real estate funds closing annually from a peak of 11 in 2017. However, there may be an increase in activity this year, with 9 Saudi Arabia-based real estate funds currently open to investment. The largest managers in the region, as measured by funds raised over the past 10 years, are Blominvest Saudi Arabia ($1.0bn), the Investor for Securities Company ($903bn), and Jadwa Investment ($747mn), followed by Alkhabeer Capital ($375mn), Al Rajhi Capital ($336mn), Tharwat For Financial Securities ($317mn), and Albilad Capital ($304mn).

Furthermore, in terms of the prospects for international investors, with its Public Investment Fund (PIF), Saudi Arabia has an entity that can pull expertise and capital into the country. The $620bn AUM sovereign wealth fund, already one of the world’s largest investors in alternative assets, has a strategic goal to provide access to capital from the private sector and its other strategic partners, also with a view to gain exposure to international domain expertise associated with such capital.

However, while Preqin analysts believe a reversal in fundraising trends might be a possibility, it must be noted that this is a particularly opaque corner of the alternatives market and many funds that have closed in the past few years did not disclose the amount of capital they had raised.

David Lowery, SVP, Head of Research Insights, says, “We see strong fundamentals for real estate in Saudi Arabia. This is illustrated by the country’s GDP which was estimated to have increased by 8.6% in the year to Q3 2022, with inflation running at a relatively low rate of 2.5%. While real estate deal activity across all segments is constrained by a lack of supply, the hospitality sector is enjoying a post-COVID-19 boom, underpinned by the recovery in religious tourism and continued growth in entertainment and conferences.”

Key Preqin Real Estate in Saudi Arabia 2023 facts:

  • AUM: Closed-end funds’ AUM at Saudi Arabia-based managers reached $3.2bn by the end of June 2022
  • Funds: 9 Saudi Arabia-based real estate funds tracked by Preqin are currently raising capital
  • Dry powder: Preqin data shows $537mn in dry powder in closed-end real estate funds in Saudi Arabia

For more information, and to receive a full copy of the report, contact Dawn Bowles, Senior Marketing Manager, Regional Marketing, Growth Markets, at dawn.bowles@preqin.com

– Preqin Pro data covers unlisted closed-end real estate funds. The charts and tables in the report are for this segment of the real estate market in Saudi Arabia only

– All reference to ‘$’ is USD

______________________________________________________________________________________________

About Preqin

Preqin, the Home of Alternatives™, empowers financial professionals who invest in or allocate to alternatives with essential data and insight to make confident decisions. It supports them throughout the entire investment lifecycle with critical information and leading analytics solutions. The company has pioneered rigorous methods of collecting private data for 20 years, enabling more than 200,000 professionals globally to streamline how they raise capital, source deals and investments, understand performance, and stay informed. For more information visit www.preqin.com.

GlobeNewswire Distribution ID 1000782087

Federal Interior Minister visits Diamer Basha Dam; Reviews security arrangements at site 

Lahore, February 13, 2023 (PPI-OT):Federal Minister for Interior Rana Sanaullah Khan visited Diamer Basha Dam Project, being constructed on River Indus, 40-Kilometre downstream of Chilas town. He was accompanied by Federal Secretary Interior Yousaf Naseem Khokhar, Chairman WAPDA Engr Lt Gen Sajjad Ghani (Retd) and National Coordinator, National Counter Terrorism Authority (NACTA) Muhammad Tahir Rai. The visit was aimed at assessing the overall security scenario on the mega multi-purpose project, which is of vital significance for the national development in the years ahead.

Chief Secretary Khyber Pakhtunkhwa (KP) Imdad Ullah Bosal, Chief Secretary Gilgit Baltistan (GB) Mohyuddin Ahmad Wani, IG Police KP Akhtar Hayat Khan, IG Police GB Saeed Wazir, Home Secretary KP Khushal Khan, Home Secretary GB Iqbal Hussain, General Manager (GM) Security WAPDA Brig (Retd) Muhammad Tufail, Chief Executive Officer Diamer Basha Development Company Amir Bashir Chaudhary, GM Diamer Basha Dam Dr. Khawar Munir, Commissioner Hazara Shaukat Ali Yousafzai, Commissioner Diamer-Astor Division Dildar Ahmed Malik, Deputy Commissioner Upper Kohistan Asif Khan, Deputy Commissioner Diamer Fiaz Ahmed and representatives of the consultants and the contractors were also present on the occasion.

During the briefing, the Federal Minister was apprised, in detail, about the security arrangements, which are in place to facilitate smooth construction work on different sites in the project area. Addressing the meeting, the Federal Minister said that the scheduled completion of Diamer Basha Dam Project is directly linked with the safe and congenial environment at the project sites, and that can only be made possible by enforcing well-thought out and coherent security plans in the project area. Earlier, the Federal Minister for Interior reviewed construction activities and security arrangements at worksite.

Scheduled for completion in 2029, Diamer Basha Dam will have a gross water storage capacity of 8.1 MAF to irrigate 1.23 million acres of additional land. It will have installed power generation capacity of 4,500 MW, and provide 18 billion units of green and clean hydel electricity to the National Grid per annum. A sum of Rs.78.5 billion is being spent on resettlement of affectees and CBMs in health, education and infrastructure development. Thor Hydel Power Station, Thak Hydel Power Station and Cadet College Chilas are amongst these CBMs. In addition, the locals are being accorded priority in employment opportunities on Diamer Basha Dam Project.

For more information, contact:
Public Relations Division,
Pakistan Water and Power Development Authority (WAPDA)
G-32, WAPDA House, Sharah-e-Quaid-e-Azam, Lahore, Pakistan
Tel: +92-42-99202633
Fax: +92-42-99203144
Cell: +92-333-4515923
Email: wapdapr@gmail.com
Website: http://www.wapda.gov.pk/

Accused involved in harassment arrested, weapons and vehicle recovered 

Islamabad, February 13, 2023 (PPI-OT):Islamabad capital police Shahzad Town police team apprehended four outlaws involved in aerial firing and harassing a rickshaw driver and recovered weapons with ammunition and vehicle from their possession, a police public relations officer said. He said that, following the special directions of Inspector General of Police Islamabad Dr. Akbar Nasir Khan, the Islamabad capital police has intensified crackdown against the anti-social elements involved in illegal activities.

Following these directives, during the patrolling Shahzad Town police team received information from citizen that he was traveling through Shahzad Town police station jurisdiction. While, four accused stopped his rickshaw and harassed him and started aerial firing. Upon receiving the information, the Shahzad Town police team took prompt action and arrested the accused on the spot and shifted them to the police station. The accused were identified as Umer, Naqash, Ehsan and Waqar Younas.

Police team also recovered weapons with ammunition and vehicle from their possession. Cases have been registered against the nabbed accused and further investigation is underway. IGP Islamabad directed all senior officials for effective crackdown against the accused involved in anti-social activities. No laxity will be tolerated in this regard.

For more information, contact:
Islamabad Police
Data centre H-11, Admin Block,
Police Head Quarter, Islamabad, Pakistan
Tel: +92-51-9258371 Ext (160)
Fax: +92-51-4443180
Email: webmaster@islamabadpolice.gov.pk
Website: https://islamabadpolice.gov.pk