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Ex-Unilever CEO makes it to Forbes top 100 executives in MENA

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Shazia Syed, the former CEO of Unilever Pakistan and current head of Unilever’s North Africa, Iraq, and Levant business, has achieved a significant accolade as Forbes, the renowned American business magazine, has named her among the top 100 local executives of the year 2023 in the Middle East and North Africa (MENA) region.

This recognition highlights the remarkable contributions of multinational corporations in the MENA region and their role in fostering economic growth, development, and cultural integration.

The Forbes list showcases how multinational corporations effectively navigate the diverse and distinctive landscape of the MENA region while actively contributing to its economic and societal progress. This year’s list features 103 exceptional executives representing 100 companies from 33 different sectors and hailing from 41 different nationalities.

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Shazia Syed, originally from Abbottabad, Pakistan, embarked on her career journey as a Management Trainee at Unilever Pakistan. Her outstanding leadership abilities have led her to head various global divisions and businesses within the Unilever Group. She notably served as the head of the Personal Care business in Vietnam, held the position of CEO in Sri Lanka, and assumed the role of Global Executive Vice President for Unilever’s Beverage business before her current appointment.

Read More: Four Pakistanis make it to Forbes 30 under 30 list for 2022

Forbes underlines the pivotal role played by international companies like Unilever in driving economic growth and development across the MENA region for decades. These corporations foster healthy competition, prompting local businesses to innovate and enhance their offerings to remain competitive. This competition, in turn, stimulates economic diversification, as noted by Forbes.

Furthermore, multinational corporations contribute significantly to the transfer of knowledge, expertise, and technology within the region and to local partners. This infusion of knowledge and expertise makes the MENA region more attractive for further investments.

Most notably, these multinational corporations are instrumental in attracting foreign direct investment (FDI) to the region. This infusion of capital plays a vital role in supporting infrastructure development, facilitating technology transfer, and creating job opportunities. It ultimately stimulates economic activity, modernises industries, and enhances production capabilities.

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Pakistan

MQM-P urges devolution via constitutional amendments

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Muttahida Qaumi Movement-Pakistan (MQM-P) Senior Deputy Convener Mustafa Kamal has said that his party has proposed three constitutional amendments for the devolution of powers from the Chief Minister’s House to the people in the streets in order to save the country.

Addressing the ‘Meet the Editors’ programme of the Council of Newspaper Editors (CPNE) on the theme of ‘General Elections and Future Strategy’, Kamal said that the amendments proposed by the MQM-P were vital to save the country. He said that the party was sending these proposals to the leaders of all political parties.

Read  MQM-P plans election rallies across Sindh

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“Those who are angry with the slogan of province should support our constitutional amendments,” he said. “Despite the 18th Amendment, powers and financial resources have not been transferred to the grassroots level.” He criticised the Pakistan Peoples Party (PPP), saying that the former ruling party in the provinces was banking on the boycott from London.

However, he asserted that the MQM-P would win all 22 National Assembly seats from Karachi in the upcoming general elections.
“The MQM is fully active for the preparation of the elections,” Kamal said. The MQM-P leader added that currently, there were three major political parties in the country – the Pakistan Muslim League-Nawaz (PML-N), the Pakistan Tehreek-e-Insaf (PTI) and the PPP.

Read more MQM-P raises serious objection to fresh delimitation

On the occasion, MQM-P Coordination Committee member and former federal minister Aminul Haq said that elections would be held on Feb 8. He assured that the MQM-P fully believed in the freedom of expression and the rights of journalists. Whenever any attempt was made to usurp the rights of journalists or restrict the freedom of expression, Haq added, the MQM-P, along with the CPNE and other journalist organisations, resisted and thwarted such moves at every forum, including parliament.



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Ahad Cheema acquitted in NAB reference

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LAHORE:

An accountability court on Friday acquitted Ahad Cheema, the special assistant to the caretaker prime minister, in assets beyond means reference filed by the National Accountability Bureau (NAB).

Accountability Judge Ali Zulqarnain had reserved the ruling on the acquittal plea after hearing arguments of the NAB prosecutor and the defence counsel earlier in the day. Cheema also appeared before the court during the proceedings.

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On Nov 27, in a supplementary report, NAB informed the court that Cheema’s assets were consistent with his known income, asserting that properties held by alleged benamidars/relatives were not his. Based on evidence, the case under NAO, 1999, was not substantiated, it added.

Read Three PM aides fail to submit asset statements

Cheema had served as the Lahore Development Authority (LDA) director general during the PML-N government in Punjab. The bureau had arrested Cheema in 2018 when he appeared before a joint investigation team in connection with the Ashiana-e-Iqbal Housing Scheme case.

Later, NAB initiated assets beyond means and other inquiries against him. However, Cheema obtained bail in three cases, including assets beyond means case in 2021. 



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Bilawal consults legal minds on ZAB reference

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ISLAMABAD:

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Friday consulted legal minds of his party on the presidential reference case of his late grandfather, Zulfikar Ali Bhutto.

The development came during a meeting of central and provincial officials as well as legal experts of the Peoples Lawyers Forum (PLF) at Zardari House here. Bilawal chaired the meeting.

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During the meeting, the PLF officials briefed Bilawal on the presidential reference case of ZAB. Farooq H Naik and Shahadat Awan participated in the meeting through video link while Qazi Bashir, Bahram Khan Tareen, Raheel Kamran Cheema, Sajid Tanoli, Gohar Rehman Khattak, Ghiyasul Haque and Asrar Abbasi were present.

Read Bhutto murder reference to be heard after 11 years

Syed Nayyar Hussain Bokhari, Faisal Karim Kundi, Raza Rabbani and Amna Paracha were also present in the meeting.
Meanwhile, a civil society delegation also met with Bilawal and discussed the challenges faced by the masses and their solutions.
Bilawal appreciated the delegation for their services and performance in their respective fields.

Ahmed Faraz Khan Advocate, Barrister Saifullah Ghori, Bilal Tariq Khan, Dr Abdul Mohiman, Dr Maria Hamid, Dr Salma Malik, Faheem Sardar, Hafiz Muhammad Tahir, Huma Fawad, Jahanzeb Durrani and Kanwal Malik were among those who met the PPP chairman.

Lubna Bhayat, SM Tariq, Javed Akhtar, Pir Mohammad Anwar, Junaid, Raja Mohammad Khan, Sania Kamran, Shehbaz Zaheer, Shamamata Al Ambararbab, Buland Sohail, Kashaf Ahmed, Talha Rahmani, Osama Malik, Usman Iqbal Bandal and Yusuf Masih were part of the delegation. PPP Information Secretary Faisal Karim Kundi was also present on this occasion.

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