AlHuda Cibe signs strategic cooperation agreement with Uzbek industrial and Construction Bank
AlHuda Centre of Islamic Banking and Economics (CIBE) has entered into a landmark Cooperation Agreement with JSCB “Uzbek Industrial and Construction Bank” (Sanoatqurilishbank, SQB) during a prestigious signing ceremony held in Dubai, UAE. This momentous occasion marked a significant step towards fostering collaboration in Islamic banking and finance between the two entities. The agreement was signed by Mr. Muhammad Zubair, Managing Director of AlHuda CIBE, and Mr. Shukhrat Yakubov, Deputy Chairman of the Board of SQB. The ceremony was part of the high-level delegation visit led by the President of Uzbekistan to the UAE, emphasizing the importance of international cooperation and strategic partnerships.
The cooperation between AlHuda CIBE and SQB include initiatives to provide advisory services for structuring and issuing Sukuk, facilitate Shariah advisory and certification services, foster knowledge exchange and professional development through collaborative programs, and engage with international financial institutions to support innovative Shariah-compliant projects.
In a statement following the signing, Mr. Shukhrat Yakubov, Deputy Chairman of the Board of SQB, expressed his interest for the new partnership, highlighting the importance of establishing collaborative efforts in Islamic finance to support Uzbekistan’s growing financial sector. He stated, “This partnership with AlHuda CIBE marks a key step in our efforts to introduce Islamic finance principles in Uzbekistan. We are excited to explore opportunities for Sukuk issuance, Shariah advisory services, and other Islamic banking practices that will contribute to the development of our financial sector.”
Mr. Muhammad Zubair, Managing Director of AlHuda CIBE, emphasized the significance of the MOU, particularly in terms of enhancing the adoption of Shariah-compliant financial products in Central Asia. He remarked, “This MOU solidifies AlHuda CIBE commitment to promoting Islamic banking in emerging markets. By collaborating with SQB, we aim to bring forward tailored advisory services that will support Uzbekistan financial institutions in launching Shariah-compliant products, including Sukuk. We are confident that this partnership will pave the way for new opportunities for both our organizations.”
The agreement also reflects the growing interest of Uzbekistan in leveraging Islamic finance as a tool for economic growth and diversification. SQB’s active engagement with key stakeholders, including regulatory bodies and multinational financial institutions, demonstrates its commitment to achieving this vision. The ceremony concluded with both parties expressing their shared enthusiasm for a long-term partnership aimed at achieving mutual goals while setting a new benchmark in Islamic banking and finance.
JS Bank and State Life Insurance drive digitalization with seamless premium payment solutions
JS Bank, one of Pakistan’s fastest-growing banks, has joined hands with State Life Insurance Corporation (SLIC), Pakistan’s largest life and health insurer to modernize premium payment processes through digitalization. Leveraging KuickPay’s innovative technology, this collaboration provides policyholders with a seamless, secure, and accessible payment experience.
Through this initiative, customers can pay their insurance premiums using digital options, including mobile apps, internet banking, and digital wallets. For in-person transactions, SLIC customers can utilize over-the-counter (OTC) payment facilities at selected courier service centers, JS Zindigi agents, and other partner outlets. This comprehensive network caters to both banked and unbanked customers, promoting financial inclusion.
The partnership also facilitates policyholders living abroad, enabling them to pay premiums conveniently from international bank accounts. Payments can be made via digital channels and selected branch counters of JS Bank, BankIslami, and other financial institutions, offering extensive accessibility for all customers.
Sharing his thoughts at the digital launch ceremony, Basir Shamsie, President & CEO of JS Bank, said “At JS Bank, our mission is to make financial services simple, inclusive, and accessible for everyone. By partnering with State Life Insurance and leveraging KuickPay’s technology, we are bridging financial gaps and ensuring that customers can manage their insurance commitments seamlessly, anywhere in the world.”
Shoaib Javed Hussain, CEO of SLIC stated, “SLIC is at the forefront of digital adoption and innovation. The key purpose being enhanced transparency, facilitation and empowerment of our policyholder. By enhancing SLIC’s collaboration with JS Bank and leveraging the services of Kuickpay, SLIC is ensuring development of an inclusive financial protection ecosystem, with the purpose of serving every Pakistani.”
This collaboration represents a significant leap toward the digitalization of Pakistan’s financial landscape, merging convenience with innovation to cater to diverse customer needs.
Unilever and easypaisa Join Forces to Drive Worker Safety in Outdoor Advertising
Following the revolutionary “Insured Billboards” campaign, easypaisa is proud to announce a strategic partnership with Unilever Pakistan aimed at redefining worker safety in the outdoor advertising industry. Through this collaboration, the two industry leaders will address the safety challenges faced by billboard installers by promoting insurance coverage and raising public awareness about the importance of protecting workers in high-risk environments.
Unilever implemented a policy ensuring the safety of Out-of-Home (OOH) workers in 2024 and is now joining hands with easypaisa to generate awareness on this critical initiative. This partnership is a testament to both companies’ shared commitment to safeguarding the workforce that powers outdoor advertising, setting a new industry standard for worker well-being.
“Unilever has been a key player in utilizing OOH advertising, and it’s truly an honor for us to collaborate with them on this impactful initiative,” said Rifah Qadri, Executive Director of Marketing & Corporate Communications at easypaisa. “We strongly urge other industry stakeholders to join us in setting a new standard by prioritizing the safety, well-being, and livelihoods of OOH workers, ensuring they receive the respect and protection they deserve.”
Javed Jafri, Country Head Media, Digital and Consumer Engagement, Unilever Pakistan, remarked, “The outdoor advertising industry is built on the relentless efforts of individuals working behind the scenes in challenging and high-risk environments. Javed Jafri Pakistan, we’re making a pledge to transform how this industry operates. By ensuring that skin fitters—our industry’s unsung heroes—are safe, respected, and fairly compensated, we’re going beyond just providing wages and safety gear. In collaboration with our trusted partners, we are taking meaningful steps to invest in the safety, livelihoods, and dignity of the workforce that forms the backbone of outdoor advertising.”
The partnership’s goals extend beyond merely raising awareness. easypaisa and Unilever envision an industry where worker insurance, enhanced safety measures, and a culture of respect and empowerment become the norm.
This collaboration is a call to action for other organizations across industries to step forward and prioritize the well-being of OOH workers. By joining forces, easypaisa and Unilever hope to inspire a broader movement to protect and empower the individuals who contribute so much to collective success.
Faysal Funds Transitions from Conventional to Shariah-Compliant Asset Management Firm
Faysal Funds is proud to announce a major milestone, having fully transitioned from a conventional asset management company to a completely Shariah-compliant one. This achievement is a testament to the trust and support of our valued investors and partners. It marks a journey based on trust, collaboration, and shared values.
This milestone reflects Faysal Funds’ commitment to offering investment solutions according to Islamic principles. Faysal Funds will continue to uphold the highest standards of Shariah compliance in all its operations, ensuring a brighter, more ethical future for all.
Nadir Rahman, Chief Executive Officer of Faysal Funds, said: “This achievement is an important milestone for us. It highlights our strong commitment to providing investment options that are both ethical and follow Shariah law. We are excited to offer our investors a chance to meet their financial goals while staying true to their values. This approach ensures that the investments contribute to a sustainable and responsible future.”
With the support of the Pakistani government, Faysal Funds has expanded and provided moral financial products to its customers. The government has played a key role by developing laws and regulations that make it easier for Islamic finance to grow in the country. These efforts include setting up rules that ensure Islamic banking and investment products in accordance with the Shariah principles. Additionally, the government has worked to educate the public on the benefits of Islamic finance, helping people understand how it offers an alternative to conventional financial services. This supportive environment has allowed companies like Faysal Funds to thrive and continue offering Shariah-compliant financial solutions.
Similarly, Faysal Bank has been instrumental in developing the growth of Islamic banking and investment solutions. With its longstanding commitment to Islamic finance, the bank has laid a solid foundation for Faysal Funds’ success in offering Shariah-compliant investment plans. Faysal Funds’ investment plan is designed to help investors grow their wealth in accordance with Islamic principles while contributing to the development of a more ethical and sustainable financial landscape in Pakistan.
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Dawlance Partners with NED University for CLIMATECH-2025 to Drive Innovation in Climate Action and Sustainability
The NED University of Engineering and Technology organized 2nd International Conference on Technology Driven Climate Action -2025 (CLIMATECH -2025), on January 16 and 17, 2025. This two-day conference was organized in partnership with Dawlance and REON energy.
During his talk the Chief Guest, Turkish Council General, Mr. Cemal Sangu, emphasized on strengthening collaborative efforts to address the issue of Climate Change. Pro Vice Chancellor, NED University Prof. Dr. Muhammad Tufail mentioned that NED University is playing its part by actively promoting the United Nations Sustainable Development Goals (SDGs), with a keen focus on clean energy, sustainable cities, and climate action.
Chief Marketing Officer of Dawlance, Syed Hasan Jameel, expressed, “At Dawlance, we are proud to partner with NED University for CLIMATECH-2025, as we believe that innovation and sustainability go hand in hand. Through initiatives like this, we aim to drive meaningful change and contribute to the global effort in combating climate change. Our commitment to sustainable practices reflects our dedication to a greener and more resilient future.”
NED University integrates sustainability and climate change topics into the curriculum and encourages projects focused on environmental sustainability. The university also engages with the local community to raise awareness about climate change and promote sustainable practices.
Conference Chair, Prof. Dr. Muhammad Imran Aslam mentioned that CLIMATECH 2025 is an initiative that aims to bring together experts, policymakers, stakeholders, researchers, and students to address the climate issues. Conference Co-Chair, Dr. Irfan Ahmed expressed that CLIMATECH-2025 comes at a critical juncture as we face the increasingly urgent challenge of climate change, which poses significant risks to our ecosystems, economies, and societies.
The conference featured multiple keynote speeches from leading researchers and industrial experts, knowledge session on ‘advancing the circular economy in Pakistan’, panel discussion on ‘stakeholder engagement for climate change, technical session on ‘Agriculture and Water Management’, ‘Green Economy and Sustainability’, and ‘Emerging Solutions for Climate Action’. In addition, a sustainability hackathon was arranged by Dawlance during the conference.
Conference speakers presented innovative solutions to tackle the climate problems. The technological advancement can be utilized to monitor and control the factors affecting our environment. By fostering collaboration among various stakeholders, industry experts and academia, we can significantly contribute to achieving climate resilience and environmental sustainability.
CLIMATECH-2025 serves as a global platform to bring together leading scientists, researchers, policymakers, industry experts, and environmentalist to address one of the most pressing challenges of our time: climate change, with Innovative Technologies for Sustainable Climate Solutions. It emphasizes the critical role of cutting-edge technologies in shaping a sustainable future.
D&B and PSO join forces for data-driven supplier risk assessments
Dun & Bradstreet Pakistan (D&B) has partnered with Pakistan State Oil Company Limited (PSO), the country’s leading energy company, to enhance its supplier risk management capabilities. Through this collaboration, PSO will leverage D&B’s expertise to make informed, data-driven decisions on its suppliers.
The D&B Risk Analytics will empower PSO to gain unparalleled visibility into its suppliers, enabling the company to conduct comprehensive due diligence and risk assessments, monitor key business indicators in real-time, and implement robust screening processes. By leveraging these capabilities, PSO will be able to proactively identify and mitigate potential risks in its supply chain, ensuring the integrity and resilience of its operations.
Speaking about this partnership, Dun & Bradstreet Pakistan Chief Business Officer, Zubair Qureshi cited “Our goal is to empower businesses of all industries across Pakistan through our comprehensive Risk & Data Analytics services for continual business growth.
“A robust enterprise solution, D&B Risk Analytics is a comprehensive tool for organizations seeking a comprehensive due diligence framework for their entire business ecosystem. Given the vast application of Risk Analytics, companies are able to have a 360-degree view of their third parties.
“I invite all businesses of Pakistan to benefit from Dun & Bradstreet’s specialized solutions.”
Jubilee Life Insurance hosts graduation ceremony for its 2024 batch of tech graduates
Jubilee Life Insurance, Pakistan’s largest private sector insurance company, hosted its second graduation ceremony for the 2024 batch of ‘Tech Graduates’ at Beach Luxury Hotel Karachi. The event celebrated the achievements of the latest cohort of Tech Management Trainees, who have successfully completed their year-long journey of learning, innovation, and professional development within the organization.
Following the success of last year’s inaugural program, the Tech Graduate Program continues to play a vital role in further enhancing Jubilee Life Insurance’s technological capacity. The 2024 batch was actively involved in transformative projects within the IT department, bringing innovative solutions to the forefront under expert mentorship. The program is designed to empower fresh talent in the field of technology, enabling seamless connectivity and collaboration across departments while strengthening Jubilee Life Insurance’s technological standing, establishing a fresh precedent in the insurance sector.
Mr. Javed Ahmed, Managing Director & Chief Executive Officer of Jubilee Life Insurance, shared his thoughts on the occasion stating: “This program is a reflection of our commitment to nurturing young talent and promoting a culture of innovation. Our Tech Graduates stand as a prime example of our efforts to integrate technology into our core operations, ensuring that we continue to evolve and meet the challenges of an increasingly digital world.”
Mr. Kashif Naqvi, Group Head Technology & Project Management at Jubilee Life Insurance, added:
“The Tech Graduate Program embodies our vision for technological transformation by equipping fresh talent with the skills and opportunities to grow. The 2024 batch has demonstrated exceptional potential, and we are excited to see them contribute meaningfully to Jubilee Life’s technological advancements.”
The graduation ceremony not only marks the start of a new journey for the Tech Graduates but also underscores Jubilee Life Insurance’s ongoing efforts to remain at the forefront of innovation in Pakistan’s insurance industry.
Zong 4G and Park View City join hands to revolutionize digital connectivity
Zong 4G, Pakistan’s leading telecom and digital services provider, has entered a strategic partnership with Park View City to deliver advanced technology solutions, aiming to transform Park View City into a model for smart and digitally connected living.
Under this partnership, Zong Business Solutions will initially offer customized technology services such as DICT & Cloud. to the business community in Central Downtown, with plans to extend connectivity services to residential customers in the near future.
This initiative underscores Zong 4G’s commitment to fostering a digitally integrated lifestyle for both businesses and residents, reinforcing its position as a leader in digital connectivity across Pakistan. Mr. Huo Junli, Chairman & CEO of Zong, remarked: “This partnership demonstrates our dedication to empowering communities with cutting-edge digital solutions. Together with Park View City, we are enabling a future of smarter, more connected living.” Echoing this sentiment, Mr. Omer Farooq Manan, CEO of Park View City, stated: “This collaboration aligns perfectly with our vision to create modern, digitally integrated communities that improve living standards in Pakistan.”
This MoU marks a significant step towards fostering smart community living, further establishing Zong and Park View City as leaders in driving Pakistan’s digital transformation.
Empowerment of key institutions essential for economic growth, says Mian Zahid
The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board, and the President and former provincial minister, Mian Zahid Hussain, said on January 1 that strengthening key institutions is essential to increasing the pace of economic development.
He said that to empower institutions, political interference must be eliminated and the administration appointed on merit.
Mian Zahid Hussain said that increasing domestic and foreign investment is difficult without the autonomy of institutions and decisions made on merit.
Talking to the business community, the veteran business leader said there has been a long time in Pakistan’s history when governance in institutions has been lacking, decisions have not been made on merit, and political interference has been rampant.
He added that this has led to the collapse of many institutions while the performance of many others has fallen to a disappointing level.
The business leader questioned how the pace of development can increase when essential institutions are in decline.
Mian Zahid Hussain said that Pakistan is far behind its neighbouring countries in terms of institutional functioning and laws, which impacts investors, the public, and the economy.
Due to unnecessary political interference, important government institutions have become burdens instead of contributing to the country’s development. To keep them functional, trillions of rupees are wasted every year.
He said that competent officers are put on the back burner, while political relations are considered more critical for promotions than ability, hard work, and honesty. Therefore, government employees and officers prefer relations over their work, which has caused a lot of harm to the country.
Respect for institutions and their decisions by politicians has become a dream, and they have considered it their duty to go to any extent for their desired results at every stage.
Mian Zahid Hussain said that many important institutions are in disrepair because key positions are given to government employees loyal to the rulers, and seniority, honesty, competence, or relevant skills are not taken into account in this regard.
The trend of giving preference to less experienced officers over experienced officers is also causing damage at the national level and deteriorating the performance of institutions.
The current Prime Minister has started appointing officers on merit in FBR and other institutions, which is commendable. Essential posts are also vacant in the Central Bank, while dependence on unverified reports of junior officers for promotion creates problems.
Mian Zahid Hussain further said that slogans and resolutions are not important for investment, but the stability of the private sector is fundamentally important, as it attracts domestic and foreign investors.
He noted that before investing their money, investors also consider political and economic stability, continuity in policies, capital security, and competitiveness.
He said that for sustainable development, Pakistan must implement globally recognized economic principles and governance standards and bring about fundamental changes in the governance style.
INGOs in Pakistan face shutdown over financial irregularities
Pakistan’s Ministry of Interior has recently ordered the shutdown of operations for two major international non-governmental organizations (INGOs) sponsored by Bloomberg — Tobacco-Free Kids (CTFK) and Vital Strategies. Allegations of financial misconduct and illegal activities have brought these organizations into the spotlight, raising significant concerns about their influence on public health policies and adherence to national laws.
CTFK, which has long promoted itself as an advocate for public health, particularly in tobacco control, is now facing allegations that contradict its stated mission. Reports suggest that Malik Imran, the organization’s former country manager, was removed from his position following accusations of fund embezzlement. These funds were allegedly funneled to a company called Capital Calling, owned by Imran’s brother. Despite being aware of these violations, CTFK and its sponsor, Bloomberg, reportedly failed to take corrective action until the government intervened.
A key issue in this case is the INGOs’ non-compliance with Pakistani regulatory requirements. Both CTFK and Vital Strategies were unregistered with critical government entities, such as the Ministry of Interior and the Economic Affairs Division, yet continued to collaborate with local NGOs and government agencies. This lack of proper authorization has raised red flags regarding their influence on policymaking. Consequently, the Ministry of Interior instructed the organizations to immediately halt their activities, while the State Bank of Pakistan froze their accounts to prevent further financial irregularities.
The implications of these alleged violations extend far beyond regulatory breaches. Experts warn that financial mismanagement and a lack of oversight by such organizations could have jeopardized Pakistan’s position with the Financial Action Task Force (FATF). A return to the FATF grey list would have serious repercussions, including decreased foreign investment and heightened economic challenges.
Adding to the controversy are claims of misallocated funds. Instead of addressing critical issues such as the illicit cigarette trade, resources were reportedly redirected to superficial media campaigns and other non-productive initiatives. This misuse of funds undermines genuine efforts to tackle tobacco-related issues and erodes trust in the integrity of international organizations.
More alarming are accusations that these INGOs indirectly supported illegal tobacco networks. By prioritizing media activities over combating the widespread illicit tobacco trade, they may have inadvertently facilitated its growth. Such actions are inconsistent with their stated goal of tobacco control, raising doubts about the financial and political motivations behind their strategies.
The Ministry of Interior’s actions underscore the urgent need for stricter regulation of foreign organizations operating within Pakistan. While INGOs have the potential to contribute significantly to public health challenges, their activities must align with the country’s laws and priorities. Moving forward, Pakistan faces the task of establishing robust mechanisms to monitor INGO operations. Combating the illicit tobacco trade, which poses a significant drain on national resources, should be a primary focus. By ensuring transparency and accountability, Pakistan can protect its economic and public health interests while restoring confidence in its governance.
This situation serves as a crucial reminder that while international partnerships can be valuable, they must not come at the expense of ethical governance or national sovereignty.
HABIBMETRO, InfraZamin partner to boost JBS with Pkr 800m trade finance facility
InfraZamin Pakistan (IZP), has successfully issued its first short-term guarantee of PKR 600m against a PKR 800m Trade Finance Facility by HABIBMETRO for Jaffer Business Systems. The groundbreaking facility will support Jaffer Business Systems (JBS), an established technology and business solutions provider, to expand its business in digital and IT infrastructure solutions.
This guarantee structure will provide a crucial boost to JBS’s business operations and address the limited availability of trade finance lines for import of vital IT infrastructure. The facility will enable JBS to deliver quick IT equipment, infrastructure and solutions to its client base, particularly banks and large multinationals, and contribute significantly to Pakistan’s economic and digital growth.
As InfraZamin’s first PKR denominated, short term guarantee for trade finance, this transaction reflects the organization’s commitment to enable private sector credit. By mitigating credit risks associated with import LC’s, the guarantee carries substantial economic and developmental benefits, with JBS planning to expand its client base and partner with multiple local firms to expand its domestic outreach. These collaborations are expected to create 80-90 jobs over the next two years, with 20% of these positions reserved for women, while enhancing support for internet banking and digital wallets to promote financial inclusion and drive economic activity.
“This transaction represents InfraZamin’s dedication to address critical market needs of private sector credit expansion,” said Maheen Rahman, CEO of InfraZamin Pakistan. “We are proud to partner with Jaffer Business Systems and HABIBMETRO to support trade finance, IT infrastructure and digital economy growth.”
Speaking on behalf of Jaffer Business Systems, Veqar Ul Islam, CEO, stated, “Truly delighted with the signing today. JBS is growing at an aggressive pace both locally and internationally. It has a bold vision for 2030 and the partnership with Infrazamin and HABIBMETRO will act as one of the key drivers to strongly push towards the vision of 2030.”
Mr. Khurram Shahzad Khan, President & CEO, HABIBMETRO stated “We are pleased to partner with InfraZamin Pakistan to provide a guaranteed trade finance facility to Jaffer Business Systems. This collaboration reflects our commitment to supporting the growth of businesses in Pakistan, particularly in the digital and IT infrastructure sectors. By enabling companies like JBS, we aim to contribute to the advancement of Pakistan’s digital economy.”
The transaction aligns with Pakistan’s commitment to the UN Sustainable Development Goals, particularly promoting gender equality, fostering job creation, and enhancing digital infrastructure to support sustainable growth.
Haaris Mahmood Chaudhary Appointed CEO of Mobilink Bank
The Board of Mobilink Bank has announced the appointment of Haaris Mahmood Chaudhary as the new Chief Executive Officer of Mobilink Bank, marking a significant milestone in the Bank’s mission to drive financial inclusion, digital banking, and innovation.
“Haaris has consistently demonstrated exceptional leadership, strategic foresight, and a deep commitment to Mobilink Bank’s values,” said Aamir Ibrahim, Chairman of Mobilink Bank and CEO of Jazz. “I am confident that under his guidance, Mobilink Bank will continue to empower millions of Pakistanis with cutting-edge digital financial solutions, expand digital banking services, and solidify its position as a leader in the financial services sector.”
Haaris joined Mobilink Bank as Chief Operating Officer in 2023 and served as Interim CEO, where he played a pivotal role in driving strategic initiatives, including securing VEON’s $15 million investment as Foreign Direct Investment (FDI) for Pakistan to accelerate financial inclusion. During his tenure, the Bank achieved notable milestones, such as being named the Best Microfinance Bank at the Pakistan Banking Awards 2024 and topping the State Bank of Pakistan’s Banking on Equality Scorecard for two consecutive years.
With over two decades of leadership experience, Haaris has worked with organizations such as the Universal Service Fund (USF) Pakistan, Citibank New York, Barclays Capital Dubai, Clariden Leu Asset Management (part of Credit Suisse) Dubai, and ABN AMRO Pakistan. His diverse expertise strengthens Mobilink Bank’s leadership as it continues its journey to expand digital banking, support a cashless and digital economy, and grow digital services through platforms like JazzCash.
“As a future-ready digital bank, Mobilink Bank remains steadfast in its mission to provide innovative, customer-centric solutions,” Haaris Mahmood Chaudhary commented. “I am excited to lead this exceptional team and further strengthen our position as a market leader. Together, we will continue to drive inclusive economic growth, support a cashless economy, and redefine digital financial services for millions across Pakistan.”
PARCO MD Visits Descon Engineering’s Head Office to Celebrate Project Success
The Managing Director of PARCO, Irteza Ali Qureshi, a valued client of Descon Engineering for over 25 years, recently visited Descon’s Head Office to commemorate the successful completion of a major Turnaround project. This project marked the fifth successful shutdown executed by Descon for PARCO—all delivered without a single Lost Time Injury (LTI).
Descon Engineering has a long-standing history with PARCO, having served as the main contractor during the construction phase of PARCO’s refinery. Over the years, Descon has continued to provide exceptional support through multiple EPC projects and industrial services. This latest accomplishment underscores Descon’s expertise and commitment to excellence.
During the celebration, Mr. Qureshi applauded Descon for its unwavering dedication to safety, quality, and timely execution of critical projects. He highlighted Descon’s integral contributions to the energy sector and their ongoing role in strengthening Pakistan’s industrial capacity.
Mr. Taimur Saeed, CEO of Descon Engineering, remarked, “We are honored to celebrate this milestone with PARCO. The successful completion of this fifth shutdown, like all previous ones, reflects our commitment to delivering world-class solutions with a strong focus on safety and performance. Our enduring partnership with PARCO is a source of great pride, and we remain committed to supporting their vision with innovation and reliability.”
Adding to the celebration, Muhammad Anwar ul Haq, President of the Industrial Services Division at Descon, said, “The successful execution of this Turnaround project is a testament to the dedication and technical expertise of our teams. Delivering five shutdowns without LTI is a significant achievement, and we are proud to set benchmarks for safety and quality in the energy sector. We look forward to further strengthening our collaboration with PARCO.”
This celebration not only recognizes the success of the recent Turnaround project but also reaffirms Descon’s position as a trusted industry leader. With over two decades of shared success and enduring collaboration, this partnership continues to set new standards in Pakistan’s industrial landscape.