Coop Bank Denmark first to deploy Gemalto’s unique bio-sourced contactless EMV cards

AMSTERDAM, Netherlands, March 31, 2015 (GLOBE NEWSWIRE) — Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces that Coop Bank Denmark, part of the Coop retail group that is owned by its 1.4 million members, is deploying Gemalto’s unique bio-sourced Optelio Contactless EMV cards. This represents the first commercial rollout of its kind, […]

AMSTERDAM, Netherlands, March 31, 2015 (GLOBE NEWSWIRE) — Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces that Coop Bank Denmark, part of the Coop retail group that is owned by its 1.4 million members, is deploying Gemalto’s unique bio-sourced Optelio Contactless EMV cards. This represents the first commercial rollout of its kind, further strengthening Coop Bank’s commitment to environmental sustainability. The cards are manufactured from a unique, corn-based PLA1 material that is 100% biodegradable and carbon neutral, while retaining the potential for creative, high quality artwork solutions.

The innovative combination of bio-sourced technology and contactless EMV has been approved by the major international payment associations. In the summer of 2015 the card will also incorporate the national payment scheme, Dankort. Under the multi-year agreement, Gemalto is providing the bank with comprehensive artwork, production and fulfilment services.

The infrastructure for contactless payments is being massively rolled out in Denmark, with deployment of contactless-enabled POS terminals set to boom in 2015. The speed and convenience of contactless payments will ensure strong customer adoption and the deployment of contactless products will open up previously untapped markets for low value cash transactions, thus creating new revenue streams for the bank.

“Having already deployed the first ever bio-sourced EMV cards from Gemalto’s Optelio range, it is a natural step for Coop Bank to also launch the first dual interface version of the product. We hope this will set a new global environmental standard for the banking industry,” said Charlotte Skovgaard, Managing Director for Coop Bank Denmark. “Gemalto was an equally natural choice as supplier, with proven delivery capabilities and strong local presence in Denmark.”

“Our bio-sourced solution fits perfectly with Coop Bank’s vision for a business rooted in social and environmental sustainability,” added Philippe Cambriel, President for Europe, Mediterranean and CIS at Gemalto. “The environmental awareness in Denmark is high and people are expecting environmentally friendly products in every part of their life, including banking. This new deployment will also help to familiarize Coop Bank’s customers with completing transactions with nothing more than a tap, paving the way for even more exciting developments such as mobile payments.”

1 Made from poly lactic acid (PLA), a plastic substitute, Gemalto’s bio-sourced card is non-petroleum based, biodegradable and compostable, and is also non-toxic if incinerated.

About Gemalto

Gemalto (Euronext NL0000400653 GTO) is the world leader in digital security, with 2014 annual revenues of [Eur]2.5 billion and blue-chip customers in over 180 countries.

Gemalto helps people trust one another in an increasingly connected digital world. Billions of people want better lifestyles, smarter living environments, and the freedom to communicate, shop, travel, bank, entertain and work – anytime, everywhere – in ways that are enjoyable and safe. In this fast moving mobile and digital environment, we enable companies and administrations to offer a wide range of trusted and convenient services by securing financial transactions, mobile services, public and private clouds, eHealthcare systems, access to eGovernment services, the Internet and internet-of-things and transport ticketing systems.

Gemalto’s unique technology portfolio – from advanced cryptographic software embedded in a variety of familiar objects, to highly robust and scalable back-office platforms for authentication, encryption and digital credential management – is delivered by our world-class service teams. Our 14,000 employees operate out of 99 offices, 34 personalization and data centers, and 24 research and software development centers located in 46 countries.

For more information visit www.gemalto.com, www.justaskgemalto.com, blog.gemalto.com, or follow @gemalto on Twitter.

Gemalto media contacts:

Nicole Williams                  Vanessa Viala               Vivian Liang
North America                    Europe & CIS                (Greater China)
+1 512 758 8921                  +49 89 210 299 129          +86 1059373046
nicole.williams@gemalto.com      vanessa.viala@gemalto.com   vivian.liang@gemalto.com

Ernesto Haikewitsch              Kristel Teyras              Pierre Lelievre
Latin America                    Middle East & Africa        Asia Pacific
+55 11 5105 9220                 +33 1 55 01 57 89           +65 6317 3802
ernesto.haikewitsch@gemalto.com  kristel.teyras@gemalto.com  pierre.lelievre@gemalto.com

Metro Bus Project affected traders demand 3 years tax exemption

Islamabad, March 30, 2015 (PPI-OT): Metro Bus Project affected traders of Islamabad including Blue Area, Peshawar More and I.J.Principal Road in a meeting at Chamber of Commerce and Industry have […]

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Islamabad, March 30, 2015 (PPI-OT): Metro Bus Project affected traders of Islamabad including Blue Area, Peshawar More and I.J.Principal Road in a meeting at Chamber of Commerce and Industry have demanded of the government to give 3 years tax exemption in order to enable them to recover huge business losses incurred on account of construction Metro Bus route in the federal capital.

Addressing the meeting, Muzzamil Hussain Sabri President, Muhammad Shakeel Munir Senior Vice President and Muhammad Ashfaq Hussain Chatha Vice President, Islamabad Chamber of Commerce and Industry said that Punjab Government has waived off one year’s property tax of the traders, shopkeepers and business centers located on both sides of Murree road being affected by Metro Bus Project, which was a laudable initiative. However, they regretted that federal government has not announced any such concession for the traders of Islamabad, especially of Blue Area, Peshawar More and I.J Principal Road despite the fact that they have suffered huge losses due to the construction of this specific project.

They called upon the government to seriously consider giving 3 years tax exemption including income, property, professional and general sales tax to the MBP affected traders of Islamabad so that they could get some relief for recovery of losses. They said government should also facilitate the affected traders by providing them business loans on concessional rates which will help them in reviving business activities.

The traders showed great concerns over the long delay in the completion of Metro Bus Project due to which business activities in Blue Area, Peshawar More and I.J.Principal road were taking a heavy toll while the road users in the twin cities were also facing great problems. They said the MBP was planned to be completed by December 25, 2014, but still lot of work was required to be done to complete it, which shows lack of proper planning on the part of project executors. They urged that the concerned authorities should expedite the work to complete the project as early as possible to save the traders from further losses and the people of inconvenience.

For more information, contact:
Khalid Chaudhry
Islamabad Chamber of Commerce and Industry (ICCI)
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526, 2253145, 8432676
Fax: +9251 225 2950
Email: icci@brain.net.pk
Website: www.icci.com.pk

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Chief Secretary Sindh asks officials of Sindh Secretariat to ensure exemplary moral behaviour with people

Karachi, March 30, 2015 (PPI-OT): Chief Secretary Sindh Muhammad Siddique Memon has asked the officers and employees of Sindh Secretariat to ensure exemplary moral behaviour with general people with the […]

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Karachi, March 30, 2015 (PPI-OT): Chief Secretary Sindh Muhammad Siddique Memon has asked the officers and employees of Sindh Secretariat to ensure exemplary moral behaviour with general people with the specific reference of issues of general public, being dealt with through Sindh Government offices.

He expressed these views, while presiding a meeting of the SGA and CD (Services, general Administration and Coordination Department) of Sindh Government / Sindh Secretariat.

C.S. met all Secretaries, Addll. Secretaries and Section Officers and advised them to closely monitor the performance of their sub-ordinates.

Siddiq Memon categorically noted that cleanliness and sanitation is the life – line of human qualities, thus he instructed that this task must be accorded, comprehensively. He also emphasized upon facilitating the applicants of “deceased quota”, as per rules and government policy, as well, he stressed the need of sufficient security arrangements, within and around the Sindh Secretariat.

The Chief Secretary said, “I trust you whole heartedly, thus, please care, otherwise, disappointment is your choice. He expressed hope that most coordinated efforts, would be undertaken for best service delivery.

Secretaries of G.A, Services, and Coordination M/S A.B. Narijo, Syed Jamal Mustafa Shah and Syed Tariq Mehmood Jaffery were also present.

For more information, contact:
The Information Department
Block-95 Sindh Secretariat 4-B,
Opposite Sindh Assembly Building Karachi
Email: sindhpressinformation@gmail.com, director_pi@sindhinformation.gos.pk
Phone: +92-021-99204401, +92-021-99204423
Fax: +92-021-99202609, +92-021-99204417
Website: sindhinformation.gos.pk

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Provincial Assembly of Sindh to meet on 6th April

Karachi, March 30, 2015 (PPI-OT): The Governor Sindh, Dr. Ishrat-ul-Ebad Khan has summoned the Provincial Assembly of Sindh to meet on Monday the 6th April 2015 at 10.00 a.m. at […]

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Karachi, March 30, 2015 (PPI-OT): The Governor Sindh, Dr. Ishrat-ul-Ebad Khan has summoned the Provincial Assembly of Sindh to meet on Monday the 6th April 2015 at 10.00 a.m. at the Sindh Assembly Building, Karachi.

For more information, contact:
The Information Department
Block-95 Sindh Secretariat 4-B,
Opposite Sindh Assembly Building Karachi
Email: sindhpressinformation@gmail.com, director_pi@sindhinformation.gos.pk
Phone: +92-021-99204401, +92-021-99204423
Fax: +92-021-99202609, +92-021-99204417
Website: sindhinformation.gos.pk

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Lahore Chamber of Commerce and Industry warns of massive lay-offs and industrial closures if unscheduled load shedding is not stopped in Lahore Township Industrial area

Lahore, March 30, 2015 (PPI-OT): The Lahore Chamber of Commerce and Industry has warned of massive lay-offs and industrial closures if unscheduled load shedding is not stopped immediately in Lahore […]

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Lahore, March 30, 2015 (PPI-OT): The Lahore Chamber of Commerce and Industry has warned of massive lay-offs and industrial closures if unscheduled load shedding is not stopped immediately in Lahore Township Industrial area by the Lahore Electric Supply Company (LESCO) is worsening the situation.

The LCCI President Ijaz A. Mumtaz was talking to a delegation of Lahore Township Industrial Association (LTIA) here at the Lahore Chamber of Commerce and Industry on Monday. LCCI Senior Vice President Mian Nauman Kabir and Vice President Syed Mahmood Ghaznavi were also present on the occasion.

After listening to their point of view, Ijaz A. Mumtaz said that LESCO authorities would not be able to control the situation triggered by the demonstrations and strikes called by the angry industrial workers against their retrenchments as a result of these power outages.

“How the government would establish its writ and from where it would collect revenues to run its day-to-day affairs when the industrial wheel would come to a halt.”

The LCCI President said that the government should understand that unemployment, price-hikes, industrial closures always give birth to lawlessness and anarchy. Therefore, the LESCO authorities should understand the ground realities and reset their priorities regarding provision of electricity to the industry.

The LCCI President said that the industry needs a continuous supply of electricity to keep the units operational and to complete the export orders well within the given timeframe but only because of the shortage of electricity the exports are not up to the mark.

He said that Pakistan had already lost a number of international markets and the new longer hour power cuts would further aggravate the situation.

He said that cheaper and uninterrupted power supply is only way to achieve economic targets set for the year 2015 but neither the LESCO is sharing its future plans to this regard nor paying any heed to the difficulties being faced by the trade and industry.

He said that it is astonishing that on the one hand the government circles were talking of economic stability in 2015 while on the other hand they were not sharing any kind of roadmap to achieve this goal.

He also feared a surge in street crimes, saying that law and order situation is bound to aggravate in the coming days as repeated power outages in the industrial estates is jacking up the graph of unemployment particularly hitting the daily wagers hard.

He said that the most of industrial units had already reduced their working to single six-hour shift from the previous three shifts system. This had led to increased level of raw-material wastage leaving production process non-profitable.

Now the leading industrial units were experiencing losses despite being managed professionally.

The LCCI Senior Vice President Mian Nauman Kabir and Vice President Syed Mahmood Ghaznavi said that a similar situation had erupted in the past but that was resolved with the help of the business community who lent a lot of input in developing a viable load management plan.

Mian Nauman Kabir and Syed Mahmood Ghaznavi urged the Prime Minister to take notice of this grave situation and act promptly act to save industrial and social fabric of the country.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-6368854

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Pakistan Telecommunication Company Limited launches next-generation CharJi EVO services

Karachi, March 30, 2015 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) has expanded its next-generation CharJi EVO wireless broadband service to Multan. The introduction of this high speed wireless service will enable residents of Multan to experience fastest wireless broadband service of the country offered by PTCL. PTCL ushered a new era of technological innovation in …

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Karachi, March 30, 2015 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) has expanded its next-generation CharJi EVO wireless broadband service to Multan.

The introduction of this high speed wireless service will enable residents of Multan to experience fastest wireless broadband service of the country offered by PTCL.

PTCL ushered a new era of technological innovation in the country by introducing the next generation ‘CharJi EVO’ in August last year, which is an addition to the successful EVO range of products already serving millions of users in the country.

The launching ceremony was attended by a large audience of business community, Government officials, media personalities, along with representatives of IT and education sectors. President Chamber of Commerce, Multan, Mian Iqbal Hassan, was the Chief Guest at the CharJi launch event, while Suo Qiming, Chief Technical Officer (CTO), ZTE was also present at the occasion.

Adnan Shahid, Chief Commercial Officer (CCO) PTCL while speaking at the launching ceremony said, “PTCL is changing the socio-economic landscape of the country by empowering people to access high-speed broadband nationwide. Launch of CharJi in Multan reflects our commitment to develop and expand high-speed internet eco-system and offering latest technology and fastest data speed to our customers throughout the country.”

Muhammad Javed Aslam, PTCL Executive Vice President (EVP) Technical Central said, “PTCL has always been the forerunner in introducing innovative technologies and services in the country and our CharJi service – backed by the most cutting-edge and reliable wireless network infrastructure – is an extension of this pioneering spirit.”

Mubashir Naseer, PTCL Regional General Manager, Multan said, “Launch of CharJi EVO is aimed towards bringing convenience and empowering the residents of Multan. The high-speed connectivity will open new avenues of growth and development in the area.”

CharJi EVO service is available in convenient dongles and Mi-Fi clouds providing a powerful internet experience, faster web browsing, HD video streaming, downloads, uploads and low latency (ping) rates for online gaming.

The ease and comfort of CharJi EVO cloud devices with its state of the art Wi-Fi capability and fast internet browsing brings an unparalleled experience, connecting up to 10 Wi-Fi enabled devices (depends on the model) simultaneously to PTCL’s revolutionary wireless EVO broadband network.

For more information, contact:
Pakistan Telecommunication Company Limited (PTCL)
F-8 Exchange, Nazim-Ud-Din Road F-8/1,
Islamabad
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

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Economic Cooperation Organisation Trade and Development Bank signs loan agreement with Khushhalibank initially for US$ 5million

Islamabad, March 30, 2015 (PPI-OT): The Economic Cooperation Organisation (ECO) Trade and Development Bank (ETDB) signed a Micro SME loan agreement with Khushhalibank initially for US$ 5million in order to facilitate the Micro SME financing provided by Khushhalibank in Pakistan. Khushhalibank (KBL) maintains its position as the largest provider of microcredit in terms of active …

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Islamabad, March 30, 2015 (PPI-OT): The Economic Cooperation Organisation (ECO) Trade and Development Bank (ETDB) signed a Micro SME loan agreement with Khushhalibank initially for US$ 5million in order to facilitate the Micro SME financing provided by Khushhalibank in Pakistan.

Khushhalibank (KBL) maintains its position as the largest provider of microcredit in terms of active borrowers and its geographic presence and operates under the Regulations of State Bank of Pakistan. KBL was the first licensed microfinance bank established in Pakistan in the year 2000. Its mission is to market financial services tailored for low income market segments in line with international micro finance practices through their distribution network across the country’s rural and urban divides.

KBL is majority owned by a United Bank (UBL) led consortium with 79.2 percent shareholding. The consortium comprises of ASNNOVIB Microkredietfonds (Triple Jump B.V), Credit Suisse Microfinance Fund Management Company (Responability Global Microfinance Fund), Rural impulse Fund II S.A. SICAV-FIS (Incofin Investment Management Comm, VA) and ShoreCap II Limited (Equator Capital Partners LLC).

For more information, contact:
Khadija Ahmad
Khushhali Bank Limited
94 West, Fourth Floor,
Jinnah Avenue, Blue Area
PO Box 3111
Islamabad – Pakistan
Telephone: +92 (51) 111 092 092
Fax: + 92 (51) 9245120

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Halal Research Council will provide services to promote Halal Industry in Nigeria

Lahore, March 30, 2015 (PPI-OT): Halal Research Council and LCM consulting Nigeria limited have signed an agreement in Lahore. The MOU was signed by Muhammad Zubair Mughal, Chief Executive Officer Halal Research Council and Mohammad Lawal Shuaibu, Managing Director LCM consulting Nigeria limited. Both the organizations will work together for the promotion of Halal industry …

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Lahore, March 30, 2015 (PPI-OT): Halal Research Council and LCM consulting Nigeria limited have signed an agreement in Lahore. The MOU was signed by Muhammad Zubair Mughal, Chief Executive Officer Halal Research Council and Mohammad Lawal Shuaibu, Managing Director LCM consulting Nigeria limited. Both the organizations will work together for the promotion of Halal industry as Halal Research council will facilitate the LCM consulting Nigeria limited in different aspects of Halal industry like Capacity Building, Research and Development, Shariah Advisory etc.

As per agreement, LCM will promote the distance learning program of Halal Research Council with different universities and institutes related to food technology in Nigeria.

Mr. Muhammad Zubair Mughal, CEO Halal Research Council, mentioned that being an important country in Africa, Nigeria has a population of almost 180 million almost half of which is Muslims, so Nigeria can be an important target market for the growing of Halal industry and it conserve 58 other countries of Africa as well.

He said that the growing concept of Halal is not only limited to Muslim countries as it is getting popular with Muslim and even Non-Muslim communities in Africa and Europe. In Future, the continent of Africa can play an important role for development of Agro-economics Halal industry wherein Halal meat, Halal dairy, Halal tourism, Halal logistics etc will gain importance. He mentioned that Halal Research Council is not only interested for the development of Halal Industry in Nigeria but also focusing for development of Islamic Banking an Takaful Industry through their sister concern “ AlHuda Centre of Islamic Banking and Economics”, who already have a handsome presence in African Countries.

Mohammad Lawal Shuaibu, Managing Director LCM consulting Nigeria limited, said, Pakistan has lately gained a good repute in International halal industry. According to the agreement, the best halal practices of Pakistan will be utilized for the development of Halal industry in Nigeria.

Halal Research council is an international institute, which is serving halal industry for over five years through education, capacity buildings, trainings, research and other areas in collaboration withstrategic partners like PIHH Malaysia, Instituto Spain, Halal Transactions of Omaha USA, GmbH Germany, UHB Uganda Halal Bureau, IIDZ Australia, TITICF Honk Kong and others in more than 19 countries around the globe.

For more information, contact:
Shaguftta Parveen
Manager Communication
Halal Research Council
192 Ahmed Block, New Garden Town,
Lahore – Pakistan
Tel: +9242 3591 3096 -8, 3840 7850
Fax: +92 42 591 3056
Email: shaguftta.perveen@halalrc.org

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