Mahvash & Jahangir Siddiqui Foundation in collaboration with US Based Walkabout Foundation and assisted by Special Talent Exchange Program (STEP), UNHCR and other NGO’s across the country distributed 300 specially customized wheelchairs to the flood affectees as part of its initial phase at a local hotel in Islamabad.

To mark this occasion, Mr. Richard E. Hoagland, Deputy Chief Mission – US Embassy Islamabad, Ms. Carolina Bunster, CEO -Walkabout Foundation and Mr. Ali J. Siddiqui, CEO – Mahvash and Jahangir Siddiqui Foundation, Mr. Ali Munir – a UK based Pakistani investor and entrepreneur,and many other notable dignitaries were present and spoke regarding the initiative.

Ms Carolina Bunster, CEO Walkabout Foundationnoted,“A staggering 6 million people are living with paralysis in the United States, which is approximately 2% of the population. This number translates to nearly 1 in 50 people, which means that everyone is ONE degree of separation away from paralysis. Additionally, there are 100 million people in the world that need a wheelchair but cannot afford one and up to 6% of the population of most developing countries need a wheelchair but cannot afford one. Since inception, Walkabout Foundation has donated over 1,500 wheelchairs to people in countries such as Haiti, Dominican Republic, Rwanda, Malawi and Chile. It is Walkabout Foundation’s first time in Pakistan, but these 300 wheelchairs, which are donated and delivered in conjunction with the Mahvash and Jahangir Siddiqui Foundation, is part of a larger project to collectively donate thousands of wheelchairs in the next few years to come”.

Mr. Ali J. Siddiqui, CEO Mahvash and Jahangir Siddiqui Foundation commented,“Such humanitarian efforts are the building stone of a prosperous society based on moral equality and quality living for people from all walks of life. He further added that, the Mahvash and Jahangir Siddiqui Foundation has always been in the forefront to support and initiate such endeavors”. The Mahvash and Jahangir Siddiqui Foundation is a not-for-profit organization that aims to provide healthcare, education and social enterprise through sustainable development to underprivileged members of society with a special focus on women, minorities, children and disabled individuals.

Mr. Richard E. Hoagland, Deputy Chief Mission US Embassy Islamabad appreciated the noble efforts of Walkabout Foundation, Mahvash and Jahangir Siddiqui Foundation and Special Talent Exchange Program (STEP). He also emphasized that they look forward to continue promoting such initiatives for the social development of the Pakistani society as a whole. Mr. Atif Sheikh,President Special Talent Exchange Program (STEP) also added,“this is a unique initiative in a way that persons with disabilities have been directly engaged throughout the process.
Mr. Ali Munir, a UK based private equity investor and entrepreneur commented, “It has been a pleasure introducing the Walkabout Foundation’s efforts to Pakistan, not least because of the quality of local NGO’s and partner organizations.” Mr. Munir commented that “there is no shortage of support or good will for the people of Pakistan and that the challenge for international donors and organizations is one of identifying credible counterparties.”

The Mahvash and Jahangir Siddiqui Foundation and JS Bank have been a strong advocate of various philanthropic activities in the past as well, including extensive relief efforts in the 2005 earthquake, 2008 IDP crisis and the 2010-11 floods.

Mahvash and Jahangir Siddiqui Foundation and JS Bank have further responded in the third phase of their flood relief operations, to the severe flooding by providing immediate assistance to thousands of people whose livelihoods, homes, and belongings have been destroyed or severely damaged by the floodwaters. The focus of the foundation was again to provide medical services to all those who are suffering from infectious diseases. Mahvash and Jahangir Siddiqui Foundation and JS Bank supported the distribution of medicines and medically treated 25,976 patients from 14th- October – 2011 to 28th – October -2011 in the districts of Badin, Mirpurkhas, Thar, Tando Muhammad Khan and Tando Allahyar.

To extend care and support to the families displaced due to the recent flood in Sindh, Mahvash and Jahangir Siddiqui Foundation and JS Bank sent out its health team comprising of doctors, paramedical staff, dispensers and helpers along with its fleet of ambulances to provide assistance to the affectees.

The situation on ground in the worst affected areas of Sindh continues to be the same, with scaling up of aid to kick-start livelihoods being the major challenge. There is a dire need to minimize the damage which is currently being caused by the lack of basic healthcare and amenities. We hope to alleviate the pain and suffering of many through the efforts of the foundation and the generous donations of various kinds

In light of the massive ongoing floods that have engulfed our country, devastation and suffering are widespread; many have been rendered homeless without any food and water.  The Mahvash and Jahangir Siddiqui Foundation is a not-for-profit organization that is currently heavily involved in this challenging endeavor by providing assistance to the affectees of the massive flood. The Mahvash and Jahangir Siddiqui Foundation and JS Bank have been a strong advocate of various philanthropic activities in the past as well, including extensive relief efforts in the 2005 earthquake, 2008 IDP crisis and the 2010 floods.

Mahvash and Jahangir Siddiqui Foundation and JS Bank responded to the severe flooding by providing immediate assistance to thousands of people whose livelihoods, homes, and belongings have been destroyed or severely damaged by the floodwaters. In the second phase of flood relief operation, the primary area of focus of the foundation was to provide medical services to all those who are suffering from infectious diseases. Mahvash and Jahangir Siddiqui Foundation and JS Bank supported the distribution of medicines and medically treated 22,134 patients from 20th – September – 2011 to 3rd – October -2011 in districts of Badin, Sanghar, Nawabshah, Dadu and Khairpur districts as part of their Phase 2 of the flood relief campaign. The areas that were covered in phase 1 included Badin, Mirpurkhas, Thatta, Tando Muhammad Khan, Tando Allahyar and Mithi.

To extend care and support to the families displaced due to the recent flood in Sindh, Mahvash and Jahangir Siddiqui Foundation and JS Bank sent out its health team comprising doctors, paramedical staff, dispensers and helpers along with its fleet of ambulances to provide assistance to the affectees.

The situation on ground in the worst affected areas of Sindh continues to be the same, with scaling up of aid to kick-start livelihoods being the major challenge. There is a dire need to minimize the damage which is currently being caused by the lack of basic healthcare and amenities. We hope to alleviate the pain and suffering of many through the efforts of the foundation and the generous donations of various kinds.

In light of the massive ongoing floods that have engulfed the Sindh Province, devastation and suffering is widespread; many have been rendered homeless without any food and water. The Mahvash and Jahangir Siddiqui Foundation is a not-for-profit organization that is currently heavily involved in this challenging endeavor by providing assistance to the affectees of the massive flood. The Mahvash and Jahangir Siddiqui Foundation and JS Bank have been a strong advocate of various philanthropic activities in the past as well, including extensive relief efforts in the 2005 earthquake, 2008 IDP crisis and the 2010 floods.

The current flash floods unleashed by heavy monsoon rains have killed at least 342 people and injured over 630 since late last month, the majority of them in the province of Sindh. The floods have now affected over 7 million people and destroyed hundreds of thousands of homes across Sindh. 22 out of 23 districts of Sindh have been badly affected. More than 70% of the homes in villages and 30% in urban areas of Badin and Mirpurkhas have caved in, while the district has lost 70% of its crops.

Starvation, disease and weakness are widespread and the threat of infections is becoming increasingly intense. Amongst this diarrhea, malaria and water borne diseases are the highest. There is a dire need to minimize the damage which is currently being caused by the lack of basic healthcare and amenities. The primary area of focus of the foundation is to provide food, water and medicine to all those affected.

To extend care and support to the families displaced due to the recent flood in Sindh, Mahvash and Jahangir Siddiqui Foundation and JS Bank sent out its health team comprising doctors, para-medical staff, dispensers and helpers along with its fleet of ambulances and food rations for more than 3,000 families, to provide assistance to the affectees. To date, medical attention to 10,229 patients along with food rations, water and basic medical supplies have been provided to an estimated 17,500 people in the affected areas which should last them for a period of 8-10 days. The areas that were covered in the initial phase from 3rd September to 12th September included Badin, Mirpurkhas, Thatta, Tando Mohammed Khan, Tando Allahyar and Mithi and the next phase will cover areas of Sanghar, Nawabshah, Dadu and Khairpur districts.

The situation is undoubtedly much worse than imagined as the number of effected people is overwhelming as opposed to the relief efforts that have been carried out. A lot needs to be done and urgent help is required. We hope to alleviate the pain and suffering of many through the efforts of the foundation and the generous donations of various kinds.

JS Bank’s Home Remittance Group has recently introduced a monthly Lucky Draw Campaign for the period of three months with the collaboration of Xpress Money Services Ltd for its remittance services availing customers (beneficiaries). The 1st lucky draw of this campaign was held on August 5, 2011 jointly by JS Bank & Xpress Money representatives at the JS Bank Head Office in Karachi. 100 winners were randomly selected though an automated computer ballot and won mobile phone sets. Next draw will be conducted on September 1st, 2011.

The mandate of this campaign of JS Bank and Xpress Money Services Ltd is to increase the remittance inflow to achieve the objectives of the Pakistan Remittance Initiative (PRI). JS Bank has become a renowned name and significant player in Home Remittance Business and has shown phenomenal performance month on month in local market of remittance business. Xpress Money Services Ltd has its presence in more than 95 countries around the world.

Today JS Bank is counted amongst the most performance driven banks on Pakistan’s banking landscape. The bank now has an online network of more than 130 branches in 67 cities across Pakistan. In its unrelenting effort to provide high quality products and services, JS Bank continues to pursue the path of innovation and excellence.

The State Bank of Pakistan has declared JS Bank as the number one Primary Dealer of Government Securities for the year 2010-11. JS Bank is one of only 11 State Bank of Pakistan appointed Primary Dealers authorized to participate in the auctions of Government of Pakistan securities comprising of Treasury Bills (T-Bills) and Pakistan Investment Bonds (PIBs).

JS Bank has outperformed all other Primary Dealers during what has been an extremely challenging year for Pakistani banking is testament to the strategic vision of the management as well as the hard work of the Fixed Income Team in Treasury. The listing displays the growing confidence that customers have in the bank’s ability to better handle their fixed income transactions and sends a clear signal to the market that JS Bank has emerged as a key player with an agenda of performance driven growth and service excellence in Pakistani banking.

JS Bank Limited, one of the fastest growing banks in Pakistan announced the launch of its JS Bank Cup – Women T20 Cricket Tournament at a ceremony held in a local hotel in Karachi. Mr. Khalil ur Rehman, SEVP- Group Head Operations, Mr Kamran Jafar, SEVP- Group Head Retail Banking & Mr. Imran Shaikh, VP- Head of Marketing & Media Management were present along with other senior bank officials to share their views on the occasion.

Speaking on this occasion, Mr. Khalil ur Rehman said, “ JS Bank is the pioneer and has the privilege of hosting the first ever Women T-20 tournament in Pakistan. The tournament is sponsored by JS Bank to promote women’s cricket & also pave way for talent hunt of new emerging players. JS Bank’s progressive approach to banking is reflected in our constantly expanding suite of banking products and services. We are providing cutting-edge technology enabled services at affordable prices to our customers, along with the security of banking with a truly committed organization.

Mr. Kamran Jafar shared his thoughts on this exclusive sponsorship and commented, “ We at JS Bank believe in many firsts, and as a part of our retail & marketing strategy we believe that encouraging and promoting our youth in healthy sporting activities is an essential need of the hour considering the current socio political scenario and the onus of this responsibility lies on the Corporate sector.

Partnering with JS Bank in organizing this tournament, Ayesha Qureshi from FN Sports shared the details of the tournament and said “The tournament will be played between 4 Karachi based teams being; JS Orange, JS Red, JS Blue & JS Green at the Moin Khan Cricket Academy starting 29 June 2011 till 03 July 2011. Each team comprises of 15 squad members i.e 13 players, a manager & Coach (PCB certified). All 60 participants will be awarded medals at the closing ceremony. These teams have a blend of raw talent, experience & youth representing all 7 zones of Karachi. The teams also include 8 Cricketers who are at the moment representatives of the National Junior & Senior Cricket squad, which in turn are equally divided to create a perfect balance amongst the 4 teams & giving all an equal chance to emerge as the Winners. The tournament will be played on single league system & top 2 teams to play the final. All the 6 pool matches will be played during the day starting at 10:00 am, while the final on the 3rd July 2011 is a Day/Night Fixture, and will commence on 6:30 pm.

JS Bank is counted amongst the most performance driven banks on Pakistan’s banking landscape. The Bank now has an online network of more than 130 branches in 67 cities across Pakistan. In its unrelenting effort to provide high quality products and services, JS Bank continues to pursue the path of innovation and excellence.

JS Investments, the Management Company of JS Capital Protected Fund IV (JS CPF IV), has approved a stock dividend of Rs 10.90 per unit. This was approved by the Chief Executive on behalf of the Board of Directors of the company.

An investor holding 100 units as of May 26, 2011 will get 10.5609 units on ex-bonus price of Rs.103.21 per unit; the proportionate will apply to actual holdings. Unit holders, whose names appeared in the register of unit holders on May 26 2011, will be entitled to the above distribution.

JS CPF IV will be successfully completing its tenure of 3 years and 6 weeks, on May 30, 2011. This is the fourth fund to mature from the JS Investments capital protected fund series, after the successful maturity of JS Capital Protected Fund I, II & III. Currently the company is managing two more capital protected funds namely JS Principal Secure Fund I & II, which offer 100% capital protection to its investors.

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and the short-term entity ratings of JS Investments Limited at ‘A+’ (Single A Plus) and ‘A1’ (A one), respectively. These ratings denote low expectation of credit risk emanating from a strong capacity for timely payment of financial commitments.

The ratings reflect JSIL’s sustained efforts at maintaining its competitive positioning despite continuing tough operating environment. The company’s performance is under pressure on account of decline in AUM resulting in suppressed management fee revenue. However, repayment of fair portion of borrowings and recovery in the market value of investments has helped in reducing the leveraging. The company is still exposed to market risk through investments in its own funds, mainly equity funds. Nevertheless, the strong financial profile of the JS Group remains a source of comfort.

The rating is dependent upon management’s ability to effectively execute its business strategy for growth in AUMs, in turn, improving the company’s profitability. Moreover, JSIL’s ability to augment its risk absorption capacity while managing exposure to market risk would remain critical.

JS Bank Limited, one of the fastest growing banks in Pakistan announced the launch of its JS Bank Visa Debit Card in a ceremony held at JS Bank head office, Karachi.  Mr. Kalim ur Rahman, President & CEO, and Mr. Kamran Jafar, Group Head Retail Banking, were present to mark the achievement of this significant milestone along with the senior management of the Bank.

Speaking on the occasion, Mr. Kalim ur Rahman said, “As we stride towards greater product enhancements and continue to provide quality services; JS Bank VISA Debit Card gives our customers yet another reason to bank with us. We partnered with VISA in order to provide our customers a secure and convenient payment mode for all kinds of purchases”

Launching JS Bank VISA Debit Card gives our customers the flexibility to shop at over 54,000 merchants in Pakistan and over 22 million VISA merchants worldwide. Furthermore JS Bank customers can enjoy increased security and accessibility to cash 24/7 through extensive ATM network nationwide and over 1.6 million ATMs worldwide.

Speaking on the occasion, Mr. Kamran Jafar, Group Head Retail Banking said “JS Bank’s progressive approach to banking is reflected in our constantly expanding suite of banking products and services. We are providing cutting-edge technology enabled services at affordable prices to our customers, along with the security of banking with a truly committed organization. As part of our ongoing strategy, JS Bank is constantly expanding its branch network and broadening its product suite to provide our customer a world-class banking experience.”

Today JS Bank is counted amongst the most performance driven banks on Pakistan’s banking landscape. The Bank now has an online network of more than 130 branches in 67 cities across Pakistan. In its unrelenting effort to provide high quality products and services, JS Bank continues to pursue the path of innovation and excellence.