Latest news with #SIF
Business Recorder
a day ago
- Business
- Business Recorder
Body on Social Impact Finance: Progress on initiatives reviewed
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Tuesday chaired a high-level meeting to review the progress on outcome-based funding initiatives recommended by the Committee on Social Impact Finance, a body constituted by the Prime Minister to spearhead innovative and inclusive financial solutions in Pakistan. The meeting brought together senior representatives from Pakistan's financial sector, including commercial banks, development finance institutions (DFIs), regulators, and investment experts, who form the core of the MOF-led Task Force. The session marked a follow-up to the recently concluded two-day Impact Financing Workshop and Training, held in the federal capital and organized by the Ministry of Finance in collaboration with Karandaaz Pakistan and the Pakistan Banks Association (PBA) under the theme 'From Value to Vision: Financing with Purpose from Pakistan's Financial Sector'. Social impact financing: PM panel outlines key priorities The workshop, inaugurated by Finance Minister Senator Muhammad Aurangzeb, covered key topics such as strategic intent in financing, impact governance, portfolio-level impact design, outcomes at exit, and independent validation. Through interactive case studies, peer-learning engagements, and scenario-based exercises, participants developed actionable strategies to embed impact into financial decision-making processes. During today's review session, the Task Force presented detailed findings and recommendations focused on steering the financial sector towards sustainable, inclusive, and impact-driven innovation. Central to the discussions was the Social Impact Financing (SIF) Framework, a comprehensive model co-developed with experts from health, poverty alleviation, and skills development sectors under the aegis of the Ministry of Finance. The framework lays out six priority pillars and is designed to mobilize private sector capital towards verified, outcome-based public good initiatives. The Task Force emphasized that Outcome-Based Financing (OBF) represents a transformative shift from input-oriented funding models to results-linked investments. By tying disbursements to independently validated outcomes, OBF seeks to enhance transparency, accountability, and efficiency across Pakistan's development finance architecture. This model has the potential to unlock both private and philanthropic capital, directly address delivery challenges, and ensure smarter targeting of resources. Five prototype OBF initiatives were showcased to the Minister, including: Graduation of ultra-poor, female-headed households out of poverty within five years. Enhanced income generation for farmers through agronomic support. Financial inclusion and poverty alleviation via agri-warehousing. Social impact financing in the healthcare sector. Human capital development through skills training and employment-linked education. The Task Force highlighted that the SIF Framework is a strategic blueprint aligned with the Sustainable Development Goals (SDGs), aiming to blend financial returns with measurable social outcomes. It recommends the creation of innovative financial instruments, de-risking solutions, and incentive mechanisms to attract long-term private sector participation in development. In his remarks, Finance Minister Senator Muhammad Aurangzeb expressed appreciation for the Task Force's collaborative efforts and emphasized the critical role of private capital in catalyzing macroeconomic transformation. He noted the interconnected nature of healthcare and wellbeing with all six priority development pillars, and underscored human capital development as central to the country's sustainable growth agenda. He also stressed the need for upskilling and re-tooling of the workforce to meet emerging industry demands, suggesting closer integration between economic activity and vocational training. The meeting concluded with a commitment to take forward the Task Force's recommendations for presentation to the Prime Minister for policy integration, institutional mainstreaming, and piloting of selected OBF models. Copyright Business Recorder, 2025
Observer
a day ago
- Science
- Observer
Students from Oman win big at Science India Forum
MUSCAT: Science India Forum (SIF) Oman announced the outstanding achievements of students at the Vidyarthi Vigyan Manthan (VVM) National Level Camp, held at IIT Kanpur from May 24 to 25. Four students who emerged as the 'Shastra Pratibhas' of SIF Oman Shastra Pratibha Contest 2024-2025, participated in this prestigious national competition, engaging with and competing against bright young minds from across India and the Middle East. In a remarkable display of talent and dedication, two students from Oman emerged as winners within the highly competitive Middle East region. This accomplishment underscores the high calibre of scientific aptitude fostered in Oman. "We are incredibly proud of all our participating students for their enthusiasm and commitment," said a spokesperson for Science India Forum Oman. "Their journey to the national camp is a significant achievement in itself, and the fact that two of our students secured top ranks in the Middle East region is a testament to their hard work, the support of their schools, and the dedication of our mentors at SIF Oman." Rehan Ahmed Shasta Paratibha Contest is the biggest science talent search contest conducted by Science India Forum in association with Vijnana Bharathi (VIBHA), NCERT and CBSE in which thousands of students from India and Middle East region participate every year. Winners of Shastra Pratibha contest in Middle east region are eligible to participate prestigious Vidyarthi Vigyan Manthan National Camp conducted every year. Science India Forum Oman Shastra Pratibha's for the year 2024-2025 will be visiting prestigious Indian Space Research Organisation (Isro) in June. They will also have an opportunity to participate in the India International Science Fest which is the biggest science festival in India providing students with opportunity to interact with top Indian scientists, successful startup entrepreneurs etc. The winners from Oman include Rehan Ahmed (Indian School Al Wadi Al Kabir (Cambridge), and S Shyam Srinivas (Indian School Salalah). Other students who have reached the National Level competition are Vedhyya Govind Vinay K, Grade 10, Indian School Muscat and Samannya Kola, Grade 11, Indian School Sohar.
Yahoo
2 days ago
- Business
- Yahoo
Canada Printed Circuit Board Market Report 2025-2030: Strong Growth Projected Amid EV Boom, 5G Rollout, and Defense Investments
The Canada Printed Circuit Board (PCB) market is thriving, driven by the rise in electronics and consumer demand across key industries. The market is benefiting from the transition to electric vehicles, SIF's $350M investment in Sustainable Aviation Technology, and the proliferation of 5G and IoT devices. With the Canadian government's focus on modernization and innovation, along with the push for green technologies, the PCB market is set for a 4.5% CAGR growth from 2025 to 2031, led by sectors like automotive and telecommunications. Dublin, May 27, 2025 (GLOBE NEWSWIRE) -- The "Canada Printed Circuit Board Market | Size, Outlook, Companies, Analysis, Value, Segmentation, Forecast, Growth, Share, Industry, Revenue & Trends: Market Forecast By Types, By Substrate, By End-users And Competitive Landscape" report has been added to offering. Canada Printed Circuit Board Market is projected to grow at a CAGR of 4.5% from 2025-2031F. The Canada PCB market is set for robust growth in the coming years, driven by several Canada Printed Circuit Board (PCB) market is experiencing robust growth, fueled by advancements in electronics and rising consumer demand across various industries. The automotive sector, where PCBs are integral, saw a substantial production increase from $55.23 billion in 2020 to $74.6 billion in 2023, driven by the industry's transition to electric vehicles (EVs). Similarly, the aerospace sector is benefiting from investments like the Strategic Innovation Fund's (SIF) $350 million initiative in 2023 to support Sustainable Aviation Technology, creating demand for specialized PCBs used in green telecommunications sector is also a significant contributor, with the widespread deployment of 5G and the growing use of Internet of Things (IoT) devices further boosting the market. The Canadian manufacturing sector, which contributed $174 billion (10% of GDP) in 2023, plays a pivotal role in this expansion. As industries like defense, healthcare, and telecommunications continue to evolve, the demand for PCBs in these applications is expected to accelerate, fostering sustained growth in the expansion of electric vehicles, with over 85,500 annual sales of battery electric and plug-in hybrid vehicles, is increasing the demand for high-performance PCBs in the automotive sector. Government targets of 60% zero-emission vehicle sales by 2030 further accelerate this growth. Additionally, the continued rollout of 5G networks, along with the rapid expansion of Internet of Things (IoT) devices, drives consistent demand for advanced PCBs in telecommunications and consumer integration of AI with 5G networks necessitates high-speed, low-latency PCBs, while Canada's Quantum 2030 strategy, which fosters innovation in quantum hardware, further enhances the market's growth potential. Furthermore, the Canadian government's commitment to investing US$29 billion over 20 years in modernizing defense systems, including surveillance, command and control, and air weapons systems, would also increase demand for advanced PCBs in defense applications. Collectively, these factors would significantly boost demand, ensuring a prosperous future for Canada's PCB Segmentation by Product TypeIn Canada Printed Circuit Board Market, Multilayer PCBs has the highest potential for growth as they have a vital role to play in high-tech industries including automotive, healthcare as well as Segmentation by End UsersThe sector which holds the maximum revenue share in Printed Circuit Board Market of Canada is the automotive sector. Owing to the nation's expanding focus on electric vehicle, smart infotainment solutions and advanced driver-assistance systems automotive sector is holding the largest market share. Key Topics Covered: 1. Executive Summary2. Introduction2.1. Report Description2.2. Key Highlights of the Report2.3. Market Scope & Segmentation2.4. Research Methodology2.5. Assumptions3. Canada Printed Circuit Board Market Overview3.1. Canada Printed Circuit Board Market Revenues, 2021-2031F3.2. Canada Printed Circuit Board Market Industry Life Cycle3.3. Canada Printed Circuit Board Market Porter's Five Forces4. Canada Printed Circuit Board Market Dynamics4.1. Impact Analysis4.2. Market Drivers4.3. Market Restraints5. Canada Printed Circuit Board Market Trends And Evolution6. Canada Printed Circuit Board Market Overview, By Product Type6.1. Canada Printed Circuit Board Market Revenue Share, By Product Type, 2024 & 2031F6.1.1. Canada Printed Circuit Board Market Revenues, By Single Sided PCBs, 2021-2031F6.1.2. Canada Printed Circuit Board Market Revenues, By Double Sided PCBs, 2021-2031F6.1.3. Canada Printed Circuit Board Market Revenues, By Multi Layer PCBs, 2021-2031F6.1.4. Canada Printed Circuit Board Market Revenues, By Rigid PCBs, 2021-2031F6.1.5. Canada Printed Circuit Board Market Revenues, By Flexible PCBs, 2021-2031F6.1.6. Canada Printed Circuit Board Market Revenues, By Rigid-Flex PCBs, 2021-2031F6.1.7. Canada Printed Circuit Board Market Revenues, By HDI PCBs, 2021-2031F7. Canada Printed Circuit Board Market Overview, By End User7.1. Canada Printed Circuit Board Market Revenue Share, By End User 2024 & 2031F7.1.1. Canada Printed Circuit Board Market Revenues, By Consumer Electronics, 2021-2031F7.1.2. Canada Printed Circuit Board Market Revenues, By Automotive, 2021-2031F7.1.3. Canada Printed Circuit Board Market Revenues, By Aerospace and Defence, 2021-2031F7.1.4. Canada Printed Circuit Board Market Revenues, By Healthcare, 2021-2031F7.1.5. Canada Printed Circuit Board Market Revenues, By Industrial Equipment, 2021-2031F7.1.6. Canada Printed Circuit Board Market Revenues, By Telecommunications, 2021-2031F7.1.7. Canada Printed Circuit Board Market Revenues, By Energy and Utilities, 2021-2031F8. Canada Printed Circuit Board Market Key Performance Indicator9. Canada Printed Circuit Board Market Opportunity Assessment9.1. Canada Printed Circuit Board Market Opportunity Assessment, By Product Type, 2031F9.2. Canada Printed Circuit Board Market Opportunity Assessment, By End Users, 2031F10. Canada Printed Circuit Board Market Competitive Landscape10.1. Canada Printed Circuit Board Market Revenue Ranking, By Top 3 Companies, 202410.2. Canada Printed Circuit Board Market Competitive Benchmarking, By Technical Parameters10.3. Canada Printed Circuit Board Market Competitive Benchmarking, By Operating Parameters11. Company Profiles11.1. Enigma Interconnect Corp.11.2. CCI Canadian Circuits11.3. Crimp Circuit Canada Inc.11.4. Candor Circuits Boards11.5. RLX Solutions11.6. Metaplast Circuits Limited11.7. Summit Interconnect11.8. PFC Flexible Circuits Limited11.9. Circuit Tech Inc.11.10. Firan Technology Group Corporation12. Key Strategic Recommendations For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Barnama
2 days ago
- Business
- Barnama
PNB Targets 10,000 Volunteer Hours To Foster Culture Of Service
GENERAL KUALA LUMPUR, 27 May (Bernama) -- Permodalan Nasional Bhd (PNB) is aiming to clock 10,000 hours of volunteer work in 2025 through activities such as tree planting, community clean-ups and environmental awareness programmes, in a bid to advance sustainability and social responsibility. PNB Group chief operating officer Muzzaffar Othman said the target reflects the firm's continued commitment to creating positive social impact and strengthening a culture of volunteerism within the organisation. 'More than 500 PNB volunteers from various locations were brought together for the launch of the 2025 PNB Signature Volunteerism Day,' he said in a statement. PNB recorded nearly 2,000 volunteer hours last year, contributed by 370 staff across various initiatives, and is now setting a higher target to build on that momentum, he added. Muzzaffar was speaking at the PNB Signature Volunteerism Day event held recently at the Kuala Selangor Nature Park, a 2,400-acre protected reserve known for its biodiversity and conservation efforts. The programme was held in collaboration with the Malaysian Nature Society, supported by the park, the Selangor State Forestry Department, the Department of Wildlife and National Parks, the Kuala Selangor Municipal Council and the local community. Volunteer activities were also carried out simultaneously at Amanah Saham Nasional Bhd (ASNB) branches in Melaka, Negeri Sembilan (Seremban), Perak (Ipoh), Johor Bahru (Batu Pahat), Pasir Puteh and Kota Bharu in Kelantan, as well as Bintulu, Sarawak. The initiative is part of the group's wider strategy under the PNB Volunteerism Framework, launched in March 2024, which aims to promote inclusive participation and meaningful contribution among staff. PNB has also rolled out a Social Investment Framework (SIF) to support projects in education, health, community development and environmental conservation, in line with its mission to strengthen the financial standing of Malaysians across generations.
Economic Times
7 days ago
- Business
- Economic Times
Edelweiss Asset Management launches new brand identity ‘altiva SIF'
Live Events Edelweiss Asset Management announces the launch of altiva SIF, a new brand identity for its Specialized Investment Funds (SIFs) business. altiva SIF will offer differentiated investment solutions across equity, hybrid and fixed income categories, catering to evolving investor fund house is amongst the first few to foray into Specialized Investment Funds (SIFs) with the launch of altiva SIF By Edelweiss Mutual Fund This reinforces Edelweiss AMC's commitment to innovation and unique product offerings and is backed by a seasoned investment expert across fundamental, factor-based, & fixed income, according to a press release.'Through the launch of 'altiva SIF', Edelweiss AMC marks its early strategic entry into the promising and fast-evolving Specialized Investment Funds (SIFs) space. We believe SIFs represent the next evolution in investment solutions — a powerful bridge between traditional mutual funds and PMS/AIFs, offering the agility and innovation needed to serve tomorrow's investors,' said Radhika Gupta , MD & CEO, Edelweiss Mutual Fund.'As investor expectations grow more sophisticated, SIFs have the potential to redefine how portfolios are constructed and managed. At Edelweiss, we've spent years building deep, differentiated capabilities — and we're excited to leverage them to shape this emerging category with purpose-built solutions that truly make a difference,' she further explained the meaning of altiva, inspired by altitude, embodies the resolve to rise above, the vision to see beyond, and the discipline to move with intent. Inspired by the spirit of Edelweiss—the rare alpine flower known for thriving where few can— altiva represents the pinnacle of in Specialized Investment Funds involve relatively higher risk including potential loss of capital, liquidity risk and market volatility.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)
