COMPANY NEWS – Newspaper – DAWN.COM

The right to eat

Pakistan has a Global Acute Malnutrition (GAM) rate of almost 18%, exceeding the emergency threshold by less than 10%. To address this, the NGO Fortified Education Foundation (FEF) has embarked on a journey to mindfully feed malnourished people with certified nutritionists on board who design recipes to feed children, according to a press release. .

Affecting Pakistan at an alarming rate, the worst affected lot remains school children between the ages of five and 15. A recent study in the urban slums of Karachi revealed that the frequency of malnutrition in this category was: 38.3 pc (stunting), 28.5 pc (wasting) and 17.5 pc (underweight).

Another study from Islamabad showed similar results. Malnutrition causes weakness, weight loss, impaired thinking, and a weakened immune system that stunts their growth.

Currently, the NGO feeds around 350 to 400 children a day, trying to make a difference in their lives. The NGO has pledged to scale up its efforts throughout Karachi following its departure from Orangi Town.

Agha Khan’s sustainability efforts

Aga Khan Health Service, Pakistan, an agency of the Aga Khan Development Network (AKDN), has won the silver award in the Ashikaga-Nikken Excellence award for Green Hospitals category at the International Hospital Federation (IHF) Awards 2022, according to a statement. release press release.

In Pakistan, waste volumes and emissions have been controlled by up to 60% in health facilities run by the Aga Khan Health Service, Pakistan. Air conditioners and refrigerators have been moved to use the most environmentally friendly gases. All facilities and offices are in the process of switching to energy efficient lights or, in some cases, solar power.

In remote valleys, the Aga Khan Health Service enabled patients to connect with doctors in urban areas working in modern health facilities via teleconsultations. This not only saves patients time and money, but also impacts emissions by minimizing the need to travel.

Minister visits POF stand at IDEAS

On the 4th day of the International Defense Exhibition and Seminar (IDEAS-2022), Muhammad Israr Tareen, Federal Minister of Defense Production visited the Pakistan Ordnance Factories (POF) booth. POF offers an extensive indigenous lineup of more than 11 products that were launched at IDEAS-2022, according to a press release.

Products include 12.7mm heavy sniper and 5.56x45mm ammo. Heavy sniper rifle ammunition is a high-precision armor-piercing cartridge for long-range shooting against protected targets. It is designed for use in all 12.7x99mm sniper rifles and guarantees 7.5″ accuracy at 550 yards. It can punch through 22mm armor plate at 100 yards.

Ammunition was produced locally to NATO standards. Mr. Tareen praised POF’s efforts to meet defense needs.

Green Energy Development Workshop

A one-day international workshop on “Sustainable and Green Energy Development” was organized by the Department of Civil Engineering, UET Peshawar, in collaboration with the University of Le Havre Normandy, France, on November 17, 2022, at UET Peshawar, according to a press release.

The workshop aimed to provide a platform for an open discussion between national and international researchers and students on the development of sustainable and green energy, the search for solutions to minimize the impact of climate change and the beneficial reuse of waste. in a sustainable and environmentally friendly way.

Housing finance solutions for employees

Mobilink Microfinance Bank Limited (MMBL) and U Microfinance Bank Ltd (U Bank) have entered into a strategic partnership to provide housing finance facilities to their employees. Under this partnership, U Bank and MMBL employees can apply to each other for financing for their housing.

Eligible employees would have the option of accessing affordable housing finance of up to Rs3m to buy a new house, flat, flat or building plot, as well as build a house on second hand land or add an extension to an existing dwelling unit. The loan application process has been simplified to facilitate expedited processing and efficient disbursement of the loaned amount.

FFC corporate briefing

Fauji Fertilizer Company (FFC) held its third corporate briefing for 2022 in conjunction with Khadim Ali Shah Bukhari Securities (Pvt) Ltd as part of its corporate governance best practices, according to a press release. FFC has been recognized by the Pakistan Stock Exchange as the first among the top 25 companies for 12 consecutive years for its performance, efficient management and compliance with the Corporate Governance Code.

Posted in Dawn, The Business and Finance Weekly, November 21, 2022

Karen J. Nelson