Mövenpick Hotels & Resorts unveils major renovation plan for Karachi hotel

Mövenpick Hotels & Resorts today announced and unveiled a major renovation and refurbishment plan for the Karachi property which was reflagged as Mövenpick Hotel Karachi on January 1, 2014. The announcement was made at a press conference addressed by Mr. Andreas Matmüller, Chief Operating Officer, Middle East and Asia, Mövenpick Hotels & Resorts along with Mr. Sikander Mahmood, Chief Executive Officer, Arabian Sea Enterprises Limited, the owning company, and Mr. Mirza Mansoor Ahmad, General Manager of the hotel. “We are delighted to have entered Pakistan with the Mövenpick Hotel Karachi and understand the legacy of this hotel which goes back to 32 years. The renovation plan will usher a new and exciting phase of the hotel and will add value to the service and product quality while preserving the soul of the property,” said Mr. Matmüller.
“These are exciting times for Mövenpick Hotels & Resorts and we look forward to building on our reputation of quality, reliability and care with a personal touch in Pakistan,” he added.

UBL Principal Protected Fund I(UPPF I) gives 63% return

UBL Fund Managers, Pakistan’s leading Asset Management Company, announces a return of 63% on UBL Principal Protected Fund – I for its investors as it approached two year maturity.  Following the success of its preceding funds, UBL Funds is launching its fifth Principal Protected fund, namely the UBL Principal Protected Fund-III (UPPF- III) for individual and institutional clients. The fund will be open for subscription for a limited period only.
UBL Fund Managers have the privilege of being the first Asset Management Company in Pakistan to introduce the Principal Protected Funds based upon the CPPI methodology of dynamic asset allocation with 100% equity exposure.
The first Principal Protected Fund (UPPF-I), was launched in February 2012 and will mature on February 3, 2014.. The absolute return on this fund as of Jan 2014 is 63%.Since then UBL Funds has launched 2 conventional and 2 Islamic funds under the same umbrella.
Chief Executive of UBL Fund Managers, Mir Muhammad Ali CFA, said “UBL Funds Managers constantly endeavors to be in the forefront by introducing new and unique products & plans for customers as per their investment requirements and need of the times.

Stunning Sameera Reddy to tie Wed Lock

Stunning Sameera Reddy to tie Wed Lock. The stunning Bollywood actress Sameera Reddy will tie the wedlock today. According to reports she will marry with a business man Akshai Varde.
Akshai Varde owns a custom motorcycle business. The couple has been dating for two and a half year and now finally decided to marry after the engagement held in December.
There is no official announcement of the wedding; the source claimed that it would be a private ceremony, which would be attended by close friends and relatives.
We congratulate Sameera for new life.

Technology and real estate conference held by Zameen.com

Zameen.com, Pakistan’s leading property portal, hosted a real estate conference entitled “Technology & Real Estate” in Karachi on the 17^th of January, 2014. The event was held in collaboration with Defence & Clifton Association of Real Estate Agents (DEFCLAREA), the largest realtor association in Pakistan. The conference was attended by 250 agents representing over 150 leading estate agencies, and many prominent property developers.

The event presented an unmatchable opportunity for estate agents to bring themselves up to speed with the prevailing trends in the online market, as well as to take their business to the next level by adopting technology. Zeeshan and Imran Ali Khan, Co-Founders of Zameen.com, also briefed the audience about the changing tides and global trends in the real estate sector.

Mirza Mansoor Ahmad appointed General Manager of Mövenpick Hotel Karachi

Mirza Mansoor Ahmad, a well-known professional in the hospitality industry of Pakistan has been appointed as the General Manager of Mövenpick Hotel Karachi. Mansoor, a Pakistani national, is a seasoned hotelier with more than 26 years of experience. Most recently he was the General Manager of the Karachi Marriott Hotel.  Prior to this, Mansoor was with the Pearl Continentals in their Lahore and Karachi properties.  Mansoor has a strong background in Sales and Marketing.
Mirza Mansoor has been a highly successful hotelier in Pakistan and has achieved unique distinctions in the hotels he has managed. He is a customer focused manager and ensures that the quality of services provided to the customer, be it rooms, food & beverage or banqueting services, is of world class!

BMA Capital announces Joining of Bilal Athar as Head of Equities

BMA Capital Management Limited, Pakistan’s premier financial services group, today announced that Bilal Athar, a leading capital markets expert has joined its management team as an Senior Executive Vice President and Head of Equities to boost BMA’s equities business with institutional, international and retail clients. Bilal has over 17 years of extensive experience in Pakistan’s equity capital markets. 
Prior to joining BMA, he has held senior positions heading Equities at JS Global (Head of Business Development), Elixir Securities (Director Equity Sales), Invisor Securities (Head of Brokering), and W.I. Carr (Head of Retail). Commenting on the news, Moazzam M. Malik, Chairman & CEO of BMA Capital said  “with his impressive track-record gained with major