New solutions urgently needed to tackle smoking worldwide: experts to convene in Poland at the Global Forum on Nicotine

GFN23

Tobacco harm reduction can hasten an end to smoking-related death and disease. Copyright-free photo by Mathew MacQuarrie on Unsplash.

WARSAW, Poland, June 19, 2023 (GLOBE NEWSWIRE) — International public health specialists, scientists, doctors, regulators, consumers and manufacturers are convening this week in the Polish capital to discuss new ways of tackling global smoking-related death and disease. Over four days, 70 speakers and hundreds of delegates at the tenth annual Global Forum on Nicotine (21 – 24 June) will focus on tobacco harm reduction, which encourages adults who cannot quit smoking to switch to safer nicotine products.

Despite decades of tobacco control efforts, a billion people still smoke worldwide, with eight million smoking-related deaths each year. Four in five smokers live in low- and middle-income countries, least able to cope with the resulting burden of disease, and smoking is a major cause of health inequalities in higher income countries. The thousands of toxins released when tobacco burns cause smoking-related diseases, not nicotine, which is a comparatively low-risk substance.

Vapes (e-cigarettes), pasteurised snus, nicotine pouches and heated tobacco products enable people to use nicotine without burning tobacco, significantly reducing health risks compared to continued smoking. Global estimates suggest 112 million people use these products, despite inconsistent regulation and outright prohibition in some countries. Smoking prevalence is falling faster where these products are available and appropriately regulated, such as in the UK, Sweden, Japan and New Zealand.

GFN23 will tackle the opportunities and challenges of tobacco harm reduction, including the development of regulatory systems that enable adult smokers to access safer products, while reducing youth uptake. Open to all, free live-streamed sessions from the event, translated from English to Spanish and Russian, will cover the last decade of science around safer nicotine products and their efficacy in smoking cessation, the environmental impact of safer products in comparison to combustible cigarettes and the detrimental impact of moral stances and ideology on science and regulation.

While it supports harm reduction for HIV/AIDS prevention and substance use, the World Health Organization opposes harm reduction for tobacco. Ibero-American experts at GFN23 will discuss the upcoming WHO Framework Convention on Tobacco Control COP10 in Panama this November, where decisions on the future of safer nicotine products may have grave implications for global public health.

Ahead of GFN23, Gerry Stimson, Emeritus Professor at Imperial College London and the event’s co-founder, called for international tobacco control leaders to adopt rational and pragmatic approaches that prioritise saving lives: “Ideology must be set aside and people must be supported to quit by all available means.”

The Global Forum on Nicotine (GFN) is the only international conference to focus on the role of safer nicotine products that help people switch from smoking, in an approach called tobacco harm reduction. Find out more and register to watch online sessions free at https://gfn.events/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/feaca847-b6e8-4140-9da8-e5658737df26

Ruth Goldsmith, GFN23 Communications Lead
ruth@gfn.events
https://gfn.events/

GlobeNewswire Distribution ID 1000825970

SAABSOFT introduces new property listing from Bitrix24 CRM

SAABSOFT is leading digital transformation for Real Estate sector

DUBAI, United Arab Emirates, June 19, 2023 (GLOBE NEWSWIRE) — Bitrix24 partners with Dubai-based SAABSOFT company to drive the digital transformation in the MENA region. It has been announced on 1st April, 2022 that the companies have entered into a strategic partnership to layer new technology into business strategy and operations of SMEs in the UAE and MENA region.

As a result of the agreement, SAABSOFT has implemented Bitrix24 CRM successfully for more than 300+ real estate companies in UAE. Due to high demand in the real estate sector, UAE’s market has witnessed an increase in real estate start-up companies which leads to high competition in the market.

On 1st April 2023, SAABSOFT has launched the latest integrated solution with Bitrix24 for the real estate sector to publish and manage property listings from Bitrix24 to all the popular real estate portals as a part of digital transformation efforts.

Mr. Ashraf Alsaab – CEO and Founder of SAABSOFT said, “The future is bionic, and it’s already here. It’s a new paradigm, powered by technology and harnessed by people. To thrive, you must focus on outcomes that will make a difference. Each company needs to achieve the best automation process that can save time, cost and the best performance.”

Saabsoft company – The Bitrix24 Dubai, Bitrix24 UAE and MENA region partner – is a leading software company that exists remarkably in the field since 2018, based in Dubai, UAE and founded by IT experts with over 20 years of experience in technology. Saabsoft offers services in key areas of: Digital Transformation, Software Development, Software Solutions, Business Automation, Digital Marketing and Research & Data Analysis.

Media Contact:
Baher Shokry
Business Development Manager
b.shokry@saabsoft.com
+971 50 4871465

GlobeNewswire Distribution ID 1000825835

Aga Khan Fund for Economic Development Increases Holdings in Habib Bank Limited

Karachi, In a recent transaction, the Aga Khan Fund for Economic Development, a substantial shareholder of Habib Bank Limited, has significantly increased its stake in the company. The fund executed multiple buy orders on June 16, 2023, acquiring a substantial number of shares.

The transaction details are as follows:

1. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 1,450

Rate: 68.10

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

2. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 35,009

Rate: 68.25

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

3. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 35,200

Rate: 68.27

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

4. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 49,274

Rate: 68.30

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

5. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 10,000

Rate: 68.35

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

6. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 8,500

Rate: 68.40

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

7. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 200

Rate: 68.43

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

8. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 5,000

Rate: 68.45

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

9. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 49

Rate: 68.48

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

10. Date: June 16, 2023

Name of Person: Aga Khan Fund for Economic Development

Nature: BUY

Number of Shares: 38

Rate: 68.49

Form of Share Certificates: CDC Ready

Market: Habib Bank Limited

The Aga Khan Fund for Economic Development demonstrated confidence in Habib Bank Limited by increasing its holdings through these buy orders. The fund acquired a substantial number of shares at various rates, ranging from 68.10 to 68.49, utilizing CDC Ready share certificates.

Exide Pakistan Limited Cancels Extraordinary General Meeting Scheduled for June 23, 2023

Karachi, In a recent development, Exide Pakistan Limited has announced the cancellation of its highly anticipated Extraordinary General Meeting (EGM) originally slated for June 23rd, 2023, in Karachi. The decision comes after the Board of Directors convened a meeting on June 16th, 2023, and decided to withdraw their previous recommendation to increase the authorized capital of the company.

MCB-Arif Habib Savings and Investments Limited Approves Interim Dividend for ALHAMRA ISLAMIC INCOME FUND

Karachi, MCB-Arif Habib Savings and Investments Limited, the management company overseeing ALHAMRA ISLAMIC INCOME FUND, has announced the approval of an interim dividend payout. The Chief Executive Officer, on behalf of the Board of Directors, has sanctioned the following dividend distribution:

INTERIM DISTRIBUTION:

An interim dividend amounting to Rs. 14.9742 per unit will be disbursed to unit holders whose names were listed in the register of unit holders as of the close of business on June 16, 2023.

Tandlianwala Sugar Mills Limited Cancels Extraordinary General Meeting and Withdraws Proposed Increase in Authorized Share Capital

Karachi, In a surprising turn of events, Tandlianwala Sugar Mills Limited has announced the cancellation of its highly anticipated Extraordinary General Meeting (EOGM) scheduled for June 22, 2023, in Lahore. The decision comes after the Board of Directors, in their meeting held on June 16, 2023, decided to withdraw the proposed increase in the authorized share capital, which was originally put forward in their earlier meeting on May 31, 2023.

The proposed business, which aimed to increase the authorized share capital from Rs. 1,200,000,000 to Rs. 7,200,000,000, was a topic of significant interest and discussion among shareholders. However, the Board of Directors has now retracted their recommendation, leading to the cancellation of the EOGM.

With no other business to be transacted at the EOGM following the withdrawal of the proposed increase in authorized share capital, the Board made the decision to cancel the meeting altogether. This decision has left shareholders and stakeholders eager for more information regarding the reasons behind the withdrawal and the company's future plans.

MCB-Arif Habib Savings and Investments Limited Approves Interim Dividend for PAKISTAN INCOME FUND

Karachi, MCB-Arif Habib Savings and Investments Limited, the management company overseeing PAKISTAN INCOME FUND, has announced the approval of an interim dividend payout. The Chief Executive Officer, on behalf of the Board of Directors, has sanctioned the following dividend distribution:

INTERIM DISTRIBUTION:

An interim dividend of up to Rs. 8.479 per unit will be paid to unit holders whose names appeared in the register of unit holders as of the close of business on June 16, 2023.

UBL Fund Managers Approves Interim Distribution for UBL Special Savings Plan-V and Al-Ameen Islamic Cash Plan-I

Karachi, UBL Fund Managers Limited has announced the approval of interim distributions for two of its esteemed investment plans, UBL Special Savings Plan-V and Al-Ameen Islamic Cash Plan-I. The Chief Executive Officer, acting under the authority granted by the Board of Directors, has authorized the following cash dividends:

1. UBL Special Savings Plan-V:

Interim Cash Dividend for the period ended June 16, 2023, at Re.0.0909 per unit, representing 0.09% of the investment.

2. Al-Ameen Islamic Cash Plan-I under Al-Ameen Islamic Cash Fund:

Interim Cash Dividend for the period ended June 18, 2023, at Re.0.1609 per unit, accounting for 0.16% of the investment.

These interim distributions aim to provide unit holders with additional value and reflect the funds' performance during the specified periods. The entitlements will be credited to unit holders whose names were listed in the register of unit holders as of the close of business on June 16, 2023.

Executive Director of Ashfaq Textile Mills Limited Increases Share Holdings with Multiple Purchases

Karachi, In a series of transactions, Mussarat Ashfaq, the spouse of Ashfaq Ahmad and Executive Director of Ashfaq Textile Mills Limited, has significantly increased her shareholdings in the company. The details of the purchases are as follows:

1. Date: June 13, 2023

Nature: BUY

No. of Shares: 500

Rate: 7.96

Form of Share: CDC

Market: Ready

2. Date: June 13, 2023

Nature: BUY

No. of Shares: 500

Rate: 7.97

Form of Share: CDC

Market: Ready

3. Date: June 13, 2023

Nature: BUY

No. of Shares: 500

Rate: 7.98

Form of Share: CDC

Market: Ready

4. Date: June 13, 2023

Nature: BUY

No. of Shares: 500

Rate: 7.99

Form of Share: CDC

Market: Ready

5. Date: June 13, 2023

Nature: BUY

No. of Shares: 1,000

Rate: 8.00

Form of Share: CDC

Market: Ready

6. Date: June 16, 2023

Nature: BUY

No. of Shares: 12,500

Rate: 8.30

Form of Share: CDC

Market: Ready

These transactions indicate Mussarat Ashfaq's increased confidence in the company's future prospects and her commitment to its success. The purchases of a substantial number of shares over multiple days suggest a strategic approach to investment.

Interloop Limited Achieves Landmark as Pakistan’s First Large-Scale Enterprise with Approved Science Based Targets

Karachi, Interloop Limited, a leading textile manufacturer, has achieved a significant milestone by becoming Pakistan's first large-scale enterprise with approved Science Based Targets. This accomplishment places Interloop at the forefront of sustainable practices and demonstrates its commitment to combating climate change.

The Science Based Targets initiative (SBTi), a collaboration between the Carbon Disclosure Project (CDP), the United Nations Global Compact (UNGC), the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF), provides a robust framework for companies to set science-based targets aligned with the goals of the Paris Agreement. These targets enable companies to take meaningful action towards reducing their carbon footprint and mitigating the effects of climate change.

Crescent Textile Mills Limited Executives Engage in Significant Share Transactions

Karachi, Crescent Textile Mills Limited, a leading textile company, has announced significant share transactions executed by its Executive Director, Ahmad Shafi. The details of the transactions are as follows:

1. Ahmad Shafi (Executive Director)

Date: June 15, 2023

Nature: BUY

No. of Shares: 20,000

Rate: 12.99

Form of Share Certificates: CDC

Market: Ready

2. Ahmad Shafi (Executive Director)

Date: June 16, 2023

Nature: BUY

No. of Shares: 55,000

Rate: 12.99

Form of Share Certificates: CDC

Market: Ready

These transactions indicate the active involvement of the company's Executive Director in the company's share market activities. Ahmad Shafi's decision to acquire a substantial number of shares highlights his confidence in the future prospects of Crescent Textile Mills Limited.

The purchase of 20,000 shares on June 15 and an additional 55,000 shares on June 16 demonstrate Ahmad Shafi's commitment to the growth and success of the company. These transactions reflect his belief in the company's potential and could signify positive developments in the textile industry.

MCB-Arif Habib Savings and Investments Limited Approves Interim Dividend for MCB DCF INCOME FUND

Karachi, MCB-Arif Habib Savings and Investments Limited, the management company overseeing MCB DCF INCOME FUND, has announced the approval of an interim dividend payout. The Chief Executive Officer, on behalf of the Board of Directors, has sanctioned the following dividend distribution:

INTERIM DISTRIBUTION:

An interim dividend amounting to Rs. 15.8624 per unit will be disbursed to unit holders whose names were listed in the register of unit holders as of the close of business on June 16, 2023.