ALMOIZ RECOGNIZED FOR SUPPORT TO THE LAHORE UNIVERSITY OF MANAGEMENT SCIENCES

The Vice-Chancellor of the Lahore University of Management Sciences (LUMS), the leading private university in Pakistan, and the Dean of its school of social sciences hosted a reception for Almoiz leadership to recognize the Group’s support for LUMS in particular, and education in general.

The Almoiz delegation was led by Managing Director Mr. Nauman Khan, who has personally championed educational initiatives in his years leading the Group. Apart from support for LUMS, these include longstanding support for Aitchison College and the Amal Academy, as well as supporting and operating primary and secondary schools in communities where the Group is present.

Further details of the ceremony at LUMS can be found at

ALMOIZ PARTNERS WITH WORLD BANK ARM TO BRING CLIMATE-SMART SUSTAINABLE SOLUTIONS TO FARMERS

Almoiz has partnered with the International Finance Corporation (IFC), the World Bank’s private-sector arm, to develop, test and deploy progressive new farming techniques across their core grower community leading to Bonsucro certification and beyond.

The Group is gratified by the IFC’s interest in partnering with Almoiz in such a crucial area, and believes this program is further validation of Almoiz’s long-standing practice of investing in its growers for the long-term – from interest-free loans and seed provision to crop and planting expertise dissemination. Together with the IFC, Almoiz looks forward to developing and testing better, more sustainable, and climate-attuned growing practices, and helping embed such methods in its grower communities.

“ But I must explain to you how all this mistaken idea of denouncing pleasure and praising pain was born and I will give you a complete account of the system, and expound the actual teachings of the great explorer of the truth, the master-builder of human happiness. ”

Further details of the project can be found in the following IFC press release:

ADVANCE PAYMENT ON SUGAR EXPORT

The State Bank of Pakistan (SBP) has asked banks to process export cases and ensure receipt of a minimum 25 per cent of total contract value as an advance payment.