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Mag Entertainment Pvt Ltd- (Credence Group) Won DTH (Direct-to- Home) License Bid


Pakistan Electronic Media Regulatory Authority (PEMRA) completed the auction of all three licenses for Pakistan’s first Direct to Home Service (DTH).

By the Grace of Allah, The Credence Group has achieved another milestone. M/s Mag Entertainment (Pvt.) Ltd. won the bidding by raising the highest offer in the auction of DTH License. Mag Entertainment is a Credence Group Company and sister concern of Dollar East Exchange Company, the leading exchange company of Pakistan.





Mr. Muhammad Farooq Dar, Vice Chairman, Credence Group led the M/S Mag Entertainment efforts in DTH auction process.

Other two companies who won the bidding followed by M/s Mag Entertainment were M/s. Shahzad Sky and M/s. Star Times Communications respectively. Earlier, eleven parties took part in the bidding process. The sealed bids were opened and announced in front of bidders, media persons and various stakeholders present there. The DTH license will be issued for initial period of 15 years.

“The current analogue distribution system is offering a maximum of 80 channels while the DTH would increase the capacity to around 120 channels and each local DTH license holder is expected to have at least 500,000 subscribers,” said Mr. Absar Alam, Chairman PEMRA.

PEMRA Chairman congratulated the winning companies and said the initiative was going to be a game-changer for Pakistan’s electronic media industry.



Combined Team of Eastern Caterers - SM Educational Foundation Won Credence Group Cricket Tournament 2016



Credence Group organized its most awaiting event, Credence Group Cricket Tournament on Saturday, 9 April, 2016 at EME-DHA Cricket Ground Lahore. Dollar East Exchange Company, GIFT University, Roshni Homes Trust - KAN Energy, SM Educational Foundation - Eastern Caterers, Darson Securities and ADG-LDI participated in this mega event.

Eastern Caterers - SM Foundation (combined) and Darson Securities qualified from their respective groups to play the final match against each other. Eastern Caterers-SM Foundation won the match and became the Champions of the Tournament for 2016.

Mr. Farooq Dar, Vice Chairman Credence Group; Mr. Mehfooz ur Rehman, Tahir Saeed and Mr. Asmat Butt, CEO Dollar East Exchange Company awarded the Trophy to the Winners and presented the cheque of amount Rs.100,000/-. They also distributed cheques and medals among the runner ups and Man of the Series. This was the 3rd tournament of the Series.

1st tournament was held in June 2014 and 4th event is planned in year 2017. It is a source of entertainment for Group employees and management.



Dollar East won 3rd Naya Nazimabad Cricket Tournament - 2015



Dollar East won 3rd Naya Nazimabad Ramzan Cup Twenty20 Cricket Tournament 2015 on 13th July, 2015. Sharjeel Khan was Man of the Match. He played dazzling innings and scored 75 runs off just 45 balls. His brilliant batting style escorted Dollar East to the Champion's Trophy.

Naya Nazimabad Ramazan Cup Twenty20 Cricket Tournament is being organised every year in Ramazan since 2013. This was the third edition of Naya Nazimabad Ramazan Cup. Top 16 clubs participated in the fray. Dollar East qualified for the finals by defeating Dubai Islamic Bank in Semi Final and contended with the last year's Champions Omer Cricket Club.

Chief Guest Sherjeel Memon, Minister of Information; presented the Winning Trophy to Muhammad Sami, Captain Dollar East. He also distributed cheques among the Winning and Runner up Teams.



ADG LDI won the Credence Group Cricket Tournament 2015



Credence Group organized its most awaiting event, Credence Group Cricket Tournament on Saturday, 18 April, 2015. Dollar East Exchange Company, DEX International, GIFT University, GIFT Colleges, Roshni Homes Trust, SM Educational Foundation, KAN Energy, Eastern Caterers, Darson Securities and ADG-LDI participated in this mega event.

Roshni Homes Trust & SM Educational Foundation (combined) and ADG-LDI qualified from their respective groups to play the final match against each other. ADG LDI won by 5 runs and became the Champions of the Tournament for 2015.

Mr. Muhammad Anwar Dar, Chairman Credence Group; Mr. Farooq Dar, Vice Chairman Credence Group; Mr. Mehfooz ur Rehman and Mr. Asmat Butt, CEO Dollar East Exchange Company awarded the Trophy to the Winners and presented the cheque of amount Rs.100,000/-. They also distributed cheques and medals among the runner ups and Man of the Series.

This was the 2nd tournament of the Series. 1st tournament was held in June 2014 and 3rd event is planned in year 2016. It is a source of entertainment for company's employees and management.



Upgradation of GIFT University to the Highest Category



GIFT University has recently been upgraded to "W" Category by the Higher Education Commission (HEC),which is the highest category applicable to universities inPakistan. As a result of this upgradation, GIFT University has joined the ranks of the best universities in Pakistan.

The University has made tremendous progress in various fields in a short span of time. It is a matter of great pride and honour for the President, the Management, the Faculty and students of GIFT University. This has been achieved through dedicated efforts of the dynamic leadership of the University.



NetSol Technologies selected 4 CS graduates as their Software Engineers



Saturday, 14th September 2013, Recruitment Team of NetSol Technologies Pvt Ltd conducted the interviews of GIFT CS graduates in GIFT University Campus. Prior to these interviews students had received an intensive training from the experts of NetSol Technologies from past few weeks. GIFT students left an impressive mark during their training session and finally NetSol decided to conduct the interviews of shortlisted candidates.

11 shortlisted candidates were appeared for two consecutive interviews firstly interviewed by technical team and secondly interviewed by HR team. Recruitment team of NetSol the acknowledged the knowledge and skills which CS graduates have and advised few tools to include in their curriculum.

NetSol team appreciated the hospitality which they received in GIFT University and praised the efforts of faculty and staff which they made for the betterment of each student. Mr. Waseem Ullah Dar, Manager Public Relations presented the souvenirs to NetSol recruitment team as token of thanks.

Finally the good news arrived within a week. NetSol Technologies selected 4 CS graduates as their Software Engineers. These graduates were very happy to learn this news and feeling delighted because the hard work of their faculty members and efforts of corporate relations department rewarded. We present our heartiest congratulations to these graduates and wish them all the best for their bright careers.



4th Convocation of GIFT University



4th Convocation of GIFT University was held on Wednesday, 8th January,2014 at GIFT University Convocation Enclave.The Honorable Governor of The Punjab, Mr.Muhammad Sarwar graced the event as Chief Guest. Mr. Muhammad Anwar Dar, Chairman GIFT University; Mr. Dr. Qaisar Shehryar Durrani, Rector GIFT University and worthy Chief Guest addressed the convocation and presented the medals and certificates to the position holders.



GIFT University Won against UOG in Youth Festival



The Teams/Players from GIFT University won Arm Wrestling, Mat Wrestling, Weight Lifting, Taekwondo, Swimming, Karate, Badminton,Table Tennis, Athletics, Tug of War, Hockey, Bodybuilding & Cricket competitions against UOG in (Divisional Level) Punjab Youth Festival 2014.



GIFT University maintained the title of Wushu Champions



GIFT University organized 3rd All Pakistan Inter University Wushu (boys) Championship, on 15th to 17th March 2014. This mega event attracted 14 universities from all over Pakistan with about 200 players. GIFT University Wushu team participated in this championship and maintained their title by earning 1 Gold , 3 Silver and 7 Bronze medals and achieved Overall Third Position. Audience supported the participated teams by showing enthusiasm throughout the event and encouraging the players.

The teams which participated includes, Bahria University, Islamabad; Quaid-I-Azam University, Islamabad; Govt. College University, Lahore; Islamia University Bahwalpur, Bahawalpur; University of the Punjab, Lahore; University of Veterinary & Animal Sciences, Lahore; Superior College Lahore; University of Central Punjab, Lahore; University of Karachi, Karachi; University of Azad Jamu & Kashmir, Muzaffarabad; Iqra University Karachi; GIFT University Gujranwala & Sindh Agriculture University Jamshoru (Tandujam).



GIFT is the only HEC recognized University in Gujranwala


HEC has announced the details of HEC recognized Universities. GIFT University is among 158 Universities recognized by HEC. Other Universities in Gujranwala are only the sub campuses of HEC recognized Universities. For the details, you may visit the HEC Website



Dollar East Exchange Company Won Philanthropy Award- 2014



Dollar East Exchange Company has been awarded Philanthropy Award 2014 on 18th February, 2014 at Governor House Karachi. Mr. Asmat Ullah Butt, CEO- Dollar East Exchange Company received this prestigious award from honorable chief guest Mr. Ishaq Dar, Finance Minister of Pakistan. This prestigious award has been conferred to Dollar East Exchange Company on the basis of a designed survey by Pakistan Center for Philanthropy for public listed, non-listed companies of Pakistan, based on highest donations by percentage of profit before tax.

Pakistan Center for Philanthropy (PCP), a non-profit organization, founded by renowned ex- top level educationists & executives of Pakistan, playing significant role for encouraging philanthropy in Pakistan. The center is to facilitate the shift from foreign aid dependency to indigenous social investment through the promotion of philanthropy and collaborative linkages between stake holders.

Dollar East has therefore, been selected for this award, as the company contributed the maximum proportion of its profit for the social causes.



Dollar East Exchange Company Won The Credence Group Cricket Tournament



The Credence Group organized Cricket Tournament on 14th June 2014 at Khayaban-e-Amin Cricket Ground, Lahore. The teams from 6 group companies participated in this cricket gala. There includes, Dollar East Exchange Company, GIFT University Gujranwala, DEX International, Roshni Homes Trust, Eastern Caterers and ADG-LDI.

Honorable Chief Guests, Mr. Mehfooz-ur-Rehman; Guest of Honor, Mr. Haji Hafiz-ur-Rehman; Special Guests, Mr. Muhammad Anwar Dar, Chairman Credence Group; Mr. Muhammad Farooq Dar, Vice Chairman Credence Group; admired and awarded the winners and runners-up teams with cash prizes, medals and trophy. Waqar Hassan of Dollar East Team was declared as Man of the Series by the jury.



MoU between GIFT University and Leading Chambers of Commerce.



GIFT University has made a history by signing a Memorandum of Understanding (MoU) with Sialkot, Gujranwala, and Gujrat Chambers of Commerce on Thursday 26th April 2012. The purpose of doing these MoUs was to bridge the gap between Industry and Academia and to create strong collaboration among them for industrial development in this region.

Mr Nadeem Mustafa, Director Marketing GIFT University opened the session by briefly introducing the objective and purpose of this MOU. The main points agreed in this MOU are:

1. Exchanging Views and Ideas on Course Curriculum

2. Engaging in Joint R & D Projects for Industrial Development in this Region

3. Arranging Trainings as Per Industry Demands

4. Recruitment Services to Industry

Mr Naeem Anwar Qureshi, President Sialkot Chamber of Commerce, Mr Mirza Mushtaq Ahmad, President of Gujrat Chamber of Commerce and Mr Zaheer ul Haq President Gujranwala Chamber of Commerce, Dr Iqbal Tahir Rector GIFT University graced the occasion and shared their views regarding how GIFT University could play its role to strengthen the local industry and what Chambers could do to support the GIFT University and its students.

Chamber Presidents and Rector GIFT University then signed the MoU and exchanged the copies with each other. They all showed real commitment to make this initiative a contributing factor in the development and success of this Golden Triangle (Sialkot, Gujrat and Gujranwala)

This remarkable ceremony was also witnessed by leading CEOs and Industrialists of this region and senior professionals of the corporate sector, who also appreciated this vision of minimizing the gap between Industry and Academia and ensured their support to make it successful.



IBA & GIFT Signs MOU.



The role of entrepreneurship and an entrepreneurial culture in economic and social development has become increasingly apparent as it greatly contributes to economic development. With the objective to promote the entrepreneurial culture in Pakistan, recently Centre for Entrepreneurial Development, IBA Karachi and GIFT University Gujranwala signed a Memorandum of Understanding. The main purpose of this MOU was to establish a strong liaison and collaboration between GIFT and IBA. The parties have agreed to work jointly for the promotion of entrepreneurship in the region.

For developing entrepreneurial culture, the two institutions have agreed to jointly establish a Centre for Entrepreneurship Development at GIFT University. This Centre will work for the enhancement of entrepreneurship activities in the area. It will accelerate culture of entrepreneurship amongst students, youth and public at large. The students will carry out research for collection and dissemination of information required for supporting start up ventures. The centre will provide technical & professional help and advice for nurturing of new enterprises. Awareness sessions, seminars and training programs will be conducted as it fosters the entrepreneurship and builds capacity of the SMEs. Through synergistic collaborations of academia, industry and government institutions, the spirit of entrepreneurship will be enhanced.

Rector GIFT University Dr. Iqbal Tahir and Dr. Ishrat Hussain Director IBA had signed this MOU. Mr. Nadeem Mustafa from GIFT and Dr. Shahid Quershi from CED IBA were also present at this ceremony. This MOU will enhance the relationship between GIFT and IBA and students learning will be improved.



DG Quality Assurance HEC Visits GIFT University.




GIFT University Gujranwala had the honour to welcome Ms. Zia Batool, Director General Quality Assurance and Statistics of Higher Education Commission Pakistan (HEC). She was accompanied by Deputy Directors Quality Assurance Mr. Nasir Shah and Mr. Munir Ahmad.

The purpose of this visit was to develop better understanding and coordination between GIFT University and Quality Assurance Agency (QAA). GIFT University is fully committed to imparting quality education. The management understands that offering quality education is not a destination; it is a journey which involves continuous improvement in quality parameters. The focus of the visit, therefore, was to seek the guidance and advice of QAA team for further enhancement of the standards of education at GIFT.

DG QA appreciated the academic facilities and quality of education being offered at GIFT. The QAA team also suggested various measures that the University could take to further improve its standards of education. The University management assured QAA team that the recommendations made by them will be implemented in letter and spirit.

The QAA team also visited Roshni Homes Trust, a CSR initiative of GIFT University and the Credence Group. The Trust provides a home, education and parental care to orphans. Roshni Homes is jointly funded by GIFT University and other entities of the Credence Group. The QAA team highly praised the environment and facilities provided to the orphans at Roshni Homes Trust.



2nd Convocation of GIFT University - 450 students Graduated.




The Second convocation and award distribution ceremony of GIFT University, Gujranwala was held in the Convocation Enclave on Wednesday, 26 January 2011. The Honorable Vice Chancellor of University of Punjab, Professor Dr Mujahid Kamran, graced the occasion as the Chief Guest.

In this convocation, 450 students who graduated between 2004 to 2009 were conferred upon the degrees of M.Sc Accounting & Finance, MBA, MA English, BBA, BBAIT, B.Sc CS and B.Des T&F. Gold and Silver medal were awarded to 27 position holders of the graduate and undergraduate programme.

The Rector Dr. Mohammad Iqbal Tahir said in his opening speech that GIFT University was established in 2002 and has achieved remarkable repute for imparting contemporary education in Pakistan. The University has become one of the leading educational institutes at the national level and has been awarded the "W" category. Its a great honor not only for the University but also for the people of this region that around 1,000 graduates of GIFT University are employed and working in reputable companies.

About the future plans, he mentioned that GIFT University plans to offer M. Phil in English and B. Sc (hons) in Home Economics. Also the university intends to develop a Department of Economics that will have linkages with reputable universities in the Muslim world. The University also plans to open a campus in Lahore in coming years. The Quality Assurance System according to the criteria of HEC is also under process to be established.

The President of GIFT University, Mr. Mohammad Anwar Dar while addressing the convocation, said that GIFT University is a radiant example of the success that results from the honesty dedication and purity of the cause. We had made a modest beginning 8 years ago but with a clear vision in our mind that is to bring about a change in the society. He also said that Ethical and moral values are an integral part of the curriculum. Our under graduate students also serve a social work internship with charitable organizations. These graduates are making a vital contribution in improving the performance of trade and industry. Concluding his speech he requested the students that while celebrating their success should remember the poor people of Pakistan and should always be generous and friendly towards them.

Professor Dr Mujahid Kamran, Vice Chancellor of University of Punjab appreciated the enviable progress made by GIFT University in a short span of time. He told that developed countries mainly focus on their education and have specified a good amount of budget for the education. Pakistani's should realize that Muslim scientists like Al-beruni and Al-Hashim had contributed their success towards building Muslim rule all over the world. Government should make efforts to raise the educational budget following the international standards. He concluded by saying that Education is the only key to success for Pakistan.

The ceremony followed with the distribution of degrees to the graduates after which lunch was served for all the graduating students, their parents and guests.



Value Addition in Poultry Products through Processing


Bio-vet (Pvt.) Ltd. and Meyn Food Processing Technology B.V. arranged a seminar on Value Addition in Poultry Products through Processing in association with Mir Khalil-ur-Rehman Society (MKRS) on 5th September 2007 at Pearl Continental Hotel, Lahore.
Governor of the Punjab, Lt. Gen (R) Khalid Maqbool graced the occasion as the Chief Guest. The seminar was held to introduce the contemporary Poultry processing technology in Pakistan. The seminar was attended by the representatives of international Poultry processing companies, major players of the Poultry industry and luminaries of the society.

Governor in his address said that private sector had played an important role in growth of the Poultry-sector at 9 percent per annum. He said the Poultry has seen the highest growth in the livestock sector, thus making a big contribution to the economy and providing quality meat to the people at lower rates. The importance of the Poultry Industry in a developing country cannot be ignored. The use of modern technology in Poultry processing has led to massive productivity improvement over the last few years. As such, Poultry has emerged as a key segment within the agro-industry sector. He assured government support for promotion of Poultry products and foreign investment in the Poultry processing industry.
Punjab Health Minister Ch Muhammad Iqbal, Tourism Minister Mian Aslam Iqbal, Chief Executive Bio-vet Anwar Dar, Dr. Mustafa Kamal from Big Bird, Chairman PPA Mir Tahir Zaidi and Ahmed Waqas, Director Bio-vet (Pvt.) Ltd also spoke on this occasion.

Chief Executive Bio-vet Anwar Dar in his speech said that Bio-vet had been keen to introduce latest technology of Poultry processing in Pakistan which will solve the problems faced by the Poultry industry. He urged the government to implement legislation on the sale and slaughter of the chicken meat at local Poultry shops.

Mr. Mustafa Kamal of Big Bird Group said that 170 hatcheries and 119 feed mills are operating in the country, where 980 million kilogram chicken meat is being produced annually. He said per capita consumption of chicken meat in Pakistan is seven kilogram, while 100,000 million eggs are produced in the country and over one million people have been employed in the Poultry Industry. He said in 2004-05, the chicken meat consumption, in the country comprised 37 percent of total meat consumption against 25 percent of mutton and 38 percent of beef. The chicken meat consumption is, however fast rising, and by 2015 would be 50 percent of total consumed meat in the country. At the end, shields were distributed amongst the participants of the seminar.



Dollar East helps the flood victims of Kot Addu and Muzaffargarh



In this crucial situation when the country is drowned into disastrous floods, Credence Group (Dollar East) is also standing with flood victims in time of need and playing its part. The group is extending support and understanding the need of the hour. Recently, Dollar East Exchange Company has sent few truck loads of relief goods, mainly comprising food items, for the help of flood victims of Kot Addu and Muzaffargarh. The officials of Dollar East visited the affected areas and distributed the relief items to the people themselves so that the relief goods can reach the right individual.




Honesty is the Hallmark of Dollar East employees

Dollar East is proud of its employees' honesty as once again, Mr. Muhammad Perveiz, Security Guard, Main Boulevard Branch, Gulberg Lahore, has proved that honesty is the symbol of Dollar East and its employees. Mr. Pervaiz found Rs. 36,000/- in front of the branch unattended. He wasted no time in handing over the amount to branch management and the branch management also proved that they are at par with extraordinary standards of efficiency by tracking down the person who had dropped the money, and handing it over safely to the rightful owner. The client was extremely pleased with the excellent level of services rendered both on a professional and a personal level, and was full of compliments for the company and its employees.



Dollar East launches AFC in Gujranwala


Dollar East has launched first branch of AFC in Gujranwala. The opening ceremony was held on Wednesday, 20th December, 2006 at 04:00p.m. at Satellite Town, Near Girls College, Gujranwala. Mian Aslam Iqbal, Minister for Tourism, Government of Punjab, was the Chief Guest.

A large number of prominent citizens graced the ceremony. It was a great extravaganza as a large number of children, youngsters and families visited the restaurant on the opening day. It is the greatest source of entertainment for the residents and addition of quality fast food spots in Gujranwala. AFC has something for every fast food lovers to taste from the assorted dishes and drinks that lined the restaurant. Here, people would find food, fun and festivity. AFC is committed to serve fresh and hygienic food to their customers with a serene entertainment.



First Convocation Ceremony of GIFT University Gujranwala



Governor Punjab, Lieutenant General Retd. Khalid Maqbool has said that public sector has contributed a lot in promoting innovative education and it has to do more to fulfill the requirements of our emerging economy and to cope with the challenges of global marketing.

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