KEY FOR IMPROVEMENT IN HUMAN RESOURCE DEVELOPMENT
ISSUE # 16 -----
Apr 21 - Apr 27, 2014
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Human Resources Development entails expansion of human capital within an organization through developing both the organization and the individual to achieve performance improvement. According to Adam Smith "The capacities of individuals depended on their access to education". Human Resource Development is the integrated use of training, organization, and career development efforts to improve individual, group and organizational effectiveness. It develops the key competencies that enable individuals in organizations to perform current and future jobs through planned learning activities. Though the definition maybe restricted to only human development within a company, we could apply the same principles if we consider Pakistan to be a country operating like any company aiming towards a common goal........

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PAGE TOP STORIES

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EXCLUSIVE INTERVIEWS
& PAGE SPECIAL REPORTS

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INTERVIEW WITH MR. ZIA-UL-MUSTAFA AWAN, PRESIDENT AND CHIEF EXECUTIVE, ICMA PAKISTAN

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As far as the quality of ‘professional education’ is concerned, I think that though it is not up to the international standards but still it is far better than many countries. I do not endorse the thinking of those persons who talk negative about the quality of our professional education. In fact, this shows their mindset and negativity of approach towards national issues. No doubt, in general terms, there are inherent weaknesses in many professional institutes (irrespective of any profession) but there are admiring examples of several institutes in our country which have proved their excellence in imparting quality education...........

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INTERVIEW WITH MR ARIF HABIB, A RENOWNED BUSINESSMAN

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According to the Pakistan Economic Survey, the investment-to-GDP ratio plummeted to mere 14 percent in the last fiscal. According to IMF data, it was 35 percent in India, 26 percent in Bangladesh, 33 percent in Iran, 31 percent in Sri Lanka and 22 percent in Vietnam in the year 2013. We need to improve the investment-to-GDP ratio to around 16 percent by the end of the current fiscal. The volume of FDI was $670 million during the first nine months (July-March) of the current fiscal......

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PAKISTAN
EXPORTS & IMPORTS

(US Million $)
PERIOD EXPORTS IMPORTS
May-13 2,255 3,471
June-13 1,996 3,292
July-13 P 2,197 3,427
Aug-13 P 4,210 6,868
Sep-13 P 6,275 10,518
Oct-13 P 8,347 14,127
Nov-13 P 10,185 17,307
Dec-13 R 12,532 20,838
Jan-14 P 14,696 24,471
Feb-14 P 16,770 27,607

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PREVIOUS ISSUES

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PAKISTAN WEATHER
3 DAYS FORECAST

  MIN MAX HUM% FORECAST.
KARACHI
TODAY 23 36 56 cloudy
TOMORROW 26 38 46 sunny
DAY AFTER 25 38 32 sunny
LAHORE
TODAY 18 32 59 sunny
TOMORROW 19 38 43 sunny
DAY AFTER 20 34 42 sunny
ISLAMABAD
TODAY 15 29 50 sunny
TOMORROW 17 31 43 cloudy
DAY AFTER 17 32 42 sunny

updated: Sun - Tue, Apr 20 - 22, 2014

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COVER STORY
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STUDENTS ENROLLMENT CAMPAIGN 2014 BEGINS IN PUNJAB
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With a target to ensure 100 percent enrollment of children in schools in the province of Punjab by May 31, 2016, Chief Minister of Punjab Muhammad Shahbaz Sharif has formally inaugurated Enrolment Campaign 2014.
During the ceremony, the Chief Minister gave free books to two boys and two girls and personally entered their names in attendance register of the school. 
The Chief Minister while quoting the splendid development of China informed that Chinese nation achieved independence after two years later than Pakistan but has moved extreme ahead due to hard work and continuous struggle.....
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TELECOM
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TELECOM SECTOR GROWING RAPIDLY IN PAKISTAN, INDIA AND SRI LANKA
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Telecommunication is the fifth largest growing industry in the world and is playing a strategic role in the economic growth worldwide. The industry's revenue was recorded at $3.85 trillion in 2008 and is expected to witness a twenty-fold growth. In region wise, South Asia is not only one of the fastest growing telecom market but also one of the most sought after market of the world due to its growth of technology which is all about transition, whether it’s about shift from PCs to mobile phones, from servers to storage, from licensed software to cloud, or fixed to mobile broadband...

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COVER STORY
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ZIAUDDIN UNIVERSITY — A HUMBLE TRIBUTE TO THE UNTIRING EFFORTS OF DR SIR ZIAUDDIN AHMED IN STRUGGLE FOR PAKISTAN
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Dr. Asim Hussain, Chancellor of Ziauddin University has said that Ziauddin University was the first university in the private sector to receive a Sindh Government provincial charter in 1995. It was the vision of Mohtarma Shaheed Benazir Bhutto to encourage higher education in the private sector. And today, there are more than 75 private degree awarding institutions in the private sector of Pakistan.  

Dr. Asim Hussain while addressing a prestigious gathering of graduating students and their parents at the 11th Convocation of Ziauddin University at Karachi Expo Center, said Mohtarma Shaheed Benazir Bhutto not only laid the foundation of this university but also provided financial aid in setting up the Ziauddin Cancer Hospital in the private sector......

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REVENUE
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OVERSEAS INVESTORS DEMAND ONE WINDOW FOR TAX COLLECTION
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The Overseas Investors Chamber of Commerce and Industry (OICCI), a business chamber representing nearly 200 multi-national companies operating in Pakistan, is a very important stakeholder and contributor to the economy of the country.

 

These member companies, whose major shareholders are from 35 different countries of the world, operate in 14 major business sectors of the country, including the financial services, oil, gas, energy, pharmaceuticals, chemicals, fertilizers, pesticides, cement, food, consumer goods, engineering, trading and others............

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COVER STORY
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UHS STRIVING FOR BRINGING QUALITATIVE AND QUANTITATIVE REVOLUTION IN MEDICAL EDUCATION AND RESEARCH
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Established in 2002, University of Health Sciences (UHS) Lahore is now recognized as a vibrant, internationally recognized, student-centered, research university with 71 colleges and institutes affiliated and around 48,000 undergraduate and 4,000 postgraduate students registered with it.
The UHS was the first dedicated health sciences’ university established in the province with a vision to bring qualitative and quantitative revolution in medical education and research through evolution.

 

Almost all the public and private medical and dental colleges of the Punjab are affiliated with UHS. A spokesperson of the UHS told PAGE that the University is focused on delivering high-quality instruction in Basic Medical Sciences, revitalizing the neglected fields of Nursing and Allied Health Sciences, pioneering courses in Medical Education, Human Genetics and Behavioral Sciences, and fostering indigenous research activities......

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COVER STORIES
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SHIPPING
NEWS

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DRY BULK MARKET ON RETREAT MODE, WHILE NEWBUILDING ORDERING ACTIVITY STALLS
The dry bulk market has kept on retreating last week, a pattern which emerged since late March. The recent BDI (Baltic Dry Index) ended yet another downward session, which saw its fall down to 936 points, minus 34 points on the day. Capesizes were once again among the main "losers", with the Baltic Capesize Index (BCI) down by 111 points. Panamaxes on the other hand had an upward session, up by 15 points, but they had already reached new year lows over the past few weeks.....
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COVER STORY
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NO END OF FRUSTRATION AMONG YOUTH
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There is widespread frustration among Pakistani youth primarily due to majority of young people are facing chronic unemployment and underemployment amid lack of basic facilities in school, colleges and universities. According to the data of United Development Program, 32 percent of Pakistani youth is illiterate, about 10 percent unemployed and merely less than 6 percent have acquired technical skills, moreover, 71 percent of youth does not receive career counseling at school, 28 percent finds curriculum not relevant to the job market while 47 percent do not have sports facilities in their localities........

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BUSINESS
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BUSINESS ENVIRONMENT MORE FAVORABLE IN PAKISTAN NOW
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World Bank’s ‘Doing Business 2014’ report ranked Pakistan at the 110th position out of 189 countries for lacking reforms to ease business environment as the country was at 107th position in Bank’s report on 2013. In contrast, a recent survey conducted by the Japanese trade body placed Pakistan second in the world in terms of business growth, which is more appreciable and favorable for the outcome of doing business in Pakistan.......

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COVER STORY
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IMPORTANCE OF EDUCATION FOR PAKISTAN
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In a society like Pakistan’s which is still developing and progressing, education is a key. Not only within Pakistan does education demarcate those who are wealthy and those who are poor, but it is also a factor which distinguishes the educated from the illiterate. It would not be wrong to state that an individual’s image and reputation is dependent upon the level of education he/she has attained. Society is now shifting towards giving more importance to a person’s educational qualifications rather than focusing on trivial factors.......

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RESEARCH CORNER

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HABIB UNIVERSITY EXPANDS HUMAN KNOWLEDGE AND BENEFITS SOCIETY

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The House of Habib (HoH) has been a pioneer in the Pakistan’s economic growth. With businesses ranging from multimedia to retail, automotive to construction, there is little that has not been touched through the entrepreneurial achievement of the House. They have been an anchor for the country in its early phases of autonomy and continue to enrich Pakistan with their pragmatic vision for the future.
The House’s support for educational plans in the country has been second to none. The group has many great quality educational institutions to its credit such as Habib Girls School and Habib Public School.
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FORESTRY
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FORESTRY: A VICTIM OF SHEER NEGLIGENCE IN BALOCHISTAN
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The objective of the forestry is to improve and expand the tree plantation, stabilize sand dunes, preserve the natural flora and fauna, complete and establish recreational parks and to raise the water table but forestry sub sector in Balochistan has been the victim of sheer negligence of economic planners. No serious efforts were made toward forestry development and promotion in the province. Fact of the matter is that forestry in the province has been confined to the protection of existing natural forests. No efforts were directed to raise large plantations under natural conditions in potential areas of the province..........

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CAPITAL MARKETS
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COVER STORY
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DEVELOPING HUMAN RESOURCE
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Some of the Western experts say that the prime reason of Pakistan’s poverty is its huge population. They may have their own reasons to establish their point of view but many local experts completely disagree with this state of mind. Now there is a growing consensus that a population of 200 million people is country’s biggest asset. At present the country has the largest percentage of youth, which is ambitious and hardworking but needs education as well as vocational training to become productive element in the society.
In the past it was also said that the country is suffering from brain drain, and some of the policy planners were opposed to allowing Pakistanis to go abroad and earn for themselves and their families...
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INDIA IN THE NEWS

MUMBAI: The Reserve Bank of India has fully sold the 200 billion rupees ($3.31 billion) worth of bonds on offer at its biggest auction ever, sparking strong gains in debt markets.
The 10-year benchmark bond yield fell 4 basis points to 8.93 per cent from 8.97 per cent before the auction results after the better-than-expected cutoffs. The yield was down 3 bps on the day. The RBI set the cut-off price for 8.35 per cent 2022 bonds at 95.45 rupees, yielding 9.1584 per cent, while the cut-off price for 8.24 per cent 2027 bonds were set at 92.05 rupees, yielding 9.3122 per cent.
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IN THE NEWS

Widespread rains associated with gusty winds on Thursday and Friday in Khyber Pakhtunkhwa, Islamabad, Punjab, Kashmir, Gilgit-Baltistan, north-east Balochistan and upper Sindh have damaged the standing wheat, grams, oilseeds and other strategic Rabi crops. Punjab agriculture officials told to research analyst-PAGE that they were assessing the extent of damage as the Meteorological Department has forecast more rain on Saturday.......

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GULF NEWS

Dubai: The hosting of Expo 2020 in Dubai will reshape the way business is being done in the UAE and the region and the spillover of the event will positively impact the Gulf Cooperation Council (GCC) and wider Middle East, North Africa and South Asia region (Menasa), according to experts from global professional services firm Deloitte. As the first-ever World Expo to be held in the Menasa region, Deloitte analysts say Dubai Expo 2020 will undoubtedly have an impact beyond the borders of Dubai and the UAE......

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ANNOUNCEMENT

Cathay Pacific Airways today released combined Cathay Pacific and Dragonair traffic figures for March 2014 that show passenger numbers increasing compared to last year, but failing to keep pace with the capacity rise, while a double-digit increase in cargo and mail tonnage was recorded.
Cathay Pacific and Dragonair carried a total of 2,600,590 passengers in March – an increase of 2.0% compared to the same month last year. The passenger load factor fell by 1.1 percentage points to 82.3%, while capacity, measured in available seat kilometres (ASKs), increased by 5.7%. In the first quarter of 2014, the passenger volume rose by 4.3% compared to a 4.0% increase in capacity.
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WEEKLY COMMODITY RATES (US$)

  PRICES
THIS WEEK
PRICES
LAST WEEK
%CHG
CRUDE OIL

109.53

107.32

2.06

HEATING OIL

300.82

293.98

2.33

COTTON

92.34

89.29

3.42

SUGAR #11

17.33

17.02

1.82

COPPER

303.4

306.15

-0.90

GOLD

1,293.90

1,316.30

-1.70

SILVER

19.6

19.93

-1.66

COCOA

3,020.00

2,985.00

1.17

CORN

500.5

503.5

-0.60

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GALLUP PAKISTAN
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PML-N GOVT OUTSHINES PPP RULE
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Even before completing a year in power, the PML (Nawaz) government has outshined the previous Pakistan People’s Party (PPP) regime with majority of Pakistanis are satisfied with its performance and policies, claims the latest Gallup Pakistan Survey. According to the report released last week, PML-N government’s overall performance during the last 10 months is 55 percent better than the Pakistan Peoples Party’s previous government.........

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EXCHANGE RATES
Pakistan Open Market Rates

BUYING SELLING
US $ 99.5 99.75
UK POUNDS 166.1 166.35
KUWAITI DINAR 344 344.25
SAUDI RIYAL 26.4 26.65
UAE DIRHAM 27.05 27.3
CANADIAN DOLLAR 90 90.25
EURO 136 136.25
JAPANESE YEN 0.97 0.98

MORE RATES

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FOREIGN TRADE
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PAKISTAN OFFERS FREE TRADE, STRATEGIC BUSINESS PARTNERSHIP TO SOUTH KOREA
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In his first meeting with the visiting South Korean Prime Minister Chung Hongwon, in Islamabad this last Monday, the Prime Minister of Pakistan, Nawaz Sharif offered South Korea an agreement for free trade agreement and initially opening of strategic business partnership with them for the next three years. He assured the his counterpart and his high level delegation that the South Korean investors would be provided full security and all business facilities in Pakistan while Pakistan would be happy to learn from the experiences of the Republic of Korea.
The Prime Minister, Nawaz Sharif has proposed a number of incentives, including Free Trade Agreement (FTA) and Joint Business Forum (JBF) to bolster the bilateral trade, which had already reached US $1.6 billion...
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COVER STORY
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EDUCATION WITH A PURPOSE
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In many countries educational institutions have been built for a cause ‘improving the plight of people’. In the subcontinent various institutions have been constructed to impart education. Among a few visionary persons one can still recall names like Sir Syed Ahmed Khan and Hasanali Effandi. These personalities were supported both by rich and poor and there are countless people who after graduating from these entities also contributed towards the public at large. In areas now part of Pakistan, Dawwd, Hahih, Adamjee and some Parsi families established institutions, which are still there and students of these institutions have contributed enormously, only because these entities impart education with a purpose..............

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4Apr14 11Apr14 18Apr14
NASDAQ

4,237.74

4,054.11

4,095.52

H.SENG

22,518.45

22,970.33

22,760.24

SENSEX

22,430.73

22,589.53

22,628.84

NIKKEI

15,063.77

13,960.05

14,516.27

CAC-40

9,628.82

4,378.81

4,431.81

DAX

9,628.82

9,379.56

9,409.71

FTSE

6,649.14

6,585.25

6,625.25

S&P

1,888.77

1,833.08

1,864.85

DJIA

16,572.55

16,170.22

16,408.54

K
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As On Apr 18, 2014

TENOR

BID

OFFER

1 Week

9.86 10.36

2 Week

9.86

10.36

1 Month

9.86

10.36

3 Month

9.91

10.16

6 Month

9.92

10.17

9 Month

9.93

10.43

1 Year

9.95

10.45

2 Year

10.65

11.15

3 Year

11.65

12.15

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RESEARCH CORNER
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GIKI -- A LEADING INSTITUTE OF VALUING, PROMOTING STUDENTS
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In Pakistan, the Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (GIKI) is one of the most impressive engineering institutes. GIKI is known to the world over for setting a standard of fineness in the subject of engineering. Over the years, the GIKI has produced brilliant, innovative graduates employed at some of the most respectable organizations globally.
The Institute aspires to be a center of fineness in engineering sciences and technology, which performs as an effectual agent of alter and a replica for others to emulate. It is independently and autonomous chartered and is financed by the private sector... ........

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BUSINESS QUOTATIONS
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Education is the most powerful weapon which you can use to change the world.
NELSON MANDELA
Any man who reads too much and uses his own brain too little falls into lazy habits of thinking.
ALBERT EINSTEIN
It is the mark of an educated mind to be able to entertain a thought without accepting it.
ARISTOTLE
The only thing that interferes with my learning is my education.
ALBERT EINSTEIN
My mother said I must always be intolerant of ignorance but understanding of illiteracy. That some people, unable to go to school, were more educated and more intelligent than college professors.
MAYA ANGELOU
Education is an admirable thing, but it is well to remember from time to time that nothing that is worth knowing can be taught.
OSCAR WILDE
The things I want to know are in books; my best friend is the man who'll get me a book I ain't read.
ABRAHAM LINCOLN
Education is the ability to listen to almost anything without losing your temper or your self-confidence.
ROBERT FROST
In the first place, God made idiots. That was for practice. Then he made school boards.
MARK TWAIN
The roots of education are bitter, but the fruit is sweet.
ARISTOTLE

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INSURANCE
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UNEXPLORED INSURANCE MARKET TO ATTRACT FDI IN PAKISTAN
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The insurance in Pakistan offering great investment opportunities and was a focal point at the first-ever second SAARC Insurance Regulators meet and international conference held in Karachi last week.

The Federal Minister for Provincial Coordination, Riaz Hussain Pirzada, while inaugurating the Second SAARC Insurance Regulators’ Meet and International Conference, said, "this conference would be an important milestone in the history of cooperation among the SAARC nations and will enhance regional integration and alliance."
This conference was the result of the efforts of Securities and Exchange Commission of Pakistan (SECP) in bringing together, the diverse assembly of professionals and practitioners from around the world for the cause of regional development and growth in the field of insurance........

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CURRENCY CONVERTER
(Open Market)

 EURO:

 US DOLLARS:

 UK POUNDS:

 Japanese YEN:

 SAUDI RIYAL:

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 KUWAITI DINAR:

 CANADIAN DOLLARS:

 PAKISTANI RUPEES:


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THIS WEEK TOP STORIES
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US BANKING GIANTS SEE MIXED RESULTS (BBC NEWS)
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ECNEC OKAYS RS62B DEVELOPMENT PROJECTS (THE NATION)
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NAWAZ VOWS TO SPEND $1.6BN ON BALOCHISTAN DEVELOPMENT (DAWN NEWS)
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WIDESPREAD RAINS DAMAGE WHEAT, OTHER RABI CROPS (BUSINESS RECORDER)
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ZONESCORP SIGNS DH367M CONTRACT WITH JINDAL SAW GULF (GULF NEWS)
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OICCI SEEKS INTEGRATED TAX COLLECTION (DAWN NEWS)
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LNG TERMINAL TO BE READY WITHIN A YEAR AT PORT QASIM (THE NATION)
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PAGE REPORT
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PAK-CHINA AGREE ON FAST TRACK DEVELOPMENT OF 21,690 MW POWER PROJECTS
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China would provide $6 million for operation of information platform. The Ministry of Water and Power will ensure that data sharing should continue throughout the planning period from May 2014 to December 2014. It was agreed that 16 power projects including construction of transmission lines would be completed by 2017. It was also agreed that both sides would focus the study on power source and grid distribution, tariff mechanism, coal development and transportation, push forward the corridors energy infrastructure and interconnection and inter-working of power grids and establishment of major cooperation projects,..........

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