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August 15, 1999

Self Employment Loan - UBL and Singer join hands

In order to enhance employment opportunities in accordance with Prime Minister's National Agenda, United Bank Limited and Singer Pakistan Limited have entered into an agreement whereby Singer Pakistan Limited will offer Sewing machines at discounted rate, finance by United Bank Limited under Prime Minister's Self Employment and Small Business Loan schemes.

On the one hand this agreement will contribute positively towards National cause of controlling unemployment and on the other hand, viability of the project will be substantially enhanced due to high quality Singer Sewing machines on discounted rate financed througn subsidized mark up rates by UBL. This will lead to more value added export. On top of these benefits, the customer will be entitled for free installation and training through technical experts of Singer Pakistan Limited.

"This is an important step in promoting businesses to expand and a good opportunity for sole proprietors to set up their businesses. Through this agreement we will be able to provide our customer with numerous avenues for starting, and building up their businesses and contribute to the economy," said Ms. Hussain of UBL.

"This agreement will provide an impetus to promote Garments exports through enhanced capabilities of small and medium size manufactures. Singer Pakistan Limited will make available PFAFF range of products for this scheme; will invite business proposals from interested customers through their 76 country wide branches and forward these to UBL designated branches for final evaluation and processing," said Mr. Ghulam Mohammad, Director Industrial Sewing Machines of Singer Pakistan Limited.

In brief, this agreement, between two well known companies, will play a vital role in stabilizing and strengthening the Pakistan economy through the creation of new job opportunities and enhanced exports.

NET asset values of ICP Mutual Funds as on 26.07.1999

Name of N.A.V. Market Price

Fund As on As on

26.07.1999 26.07.1999

(Rs. per share) (Rs. per share)

01 ST

ICP

11.98

07.90

02 ND

ICP

11.39

07.50

03 RD

ICP

15.38

10.00

04 TH

ICP

31.56

17.00

05 TH

ICP

10.99

09.00

06 TH

ICP

22.02

11.95

07 TH

ICP

12.01

08.75

08 TH

ICP

26.40

16.10

09 TH

ICP

35.44

22.50

10 TH

ICP

18.09

09.50

11 TH

ICP

15.92

08.00

12 TH

ICP

15.32

11.00

13 TH

ICP

31.07

12.70

14 TH

ICP

13.86

05.50

15 TH

ICP

11.38

09.25

16 TH

ICP

09.19

09.90

17 TH

ICP

11.82

11.20

18 TH

ICP

09.35

O8.15

19 TH

ICP

14.19

10.10

20 TH

ICP

15.12

06.75

21 ST

ICP

04.24

02.00

22 ND

ICP

06.98

02.50

23 RD

ICP

03.28

01.00

24 TH

ICP

03.84

01.25

25 TH

ICP

07.42

02.35

SEMF-A 26.00 12.15

 

HBL revamps treasury

Shaukat Tarin, Chairman and President of Habib Bank (HBL) recently inaugurated the renovated premises of the bank's Treasury Division.

HBL being the largest commercial bank in Pakistan has the largest Treasury in terms of volumes transacted. The increase in trading volumes has been brought about as operations have been streamlined and processes re-engineered to increase efficiency.

In his inaugural speech, Shaukat Tarin said "A vibrant, dynamic Treasury department is the hallmark of the changing culture of Habib Bank with its focus towards improved customer services, and increased profitability for both customers and shareholders".

In today's fast paced, and globalization. Treasury services are even more important than before as interconnected economies are rapidly blurring physical boundaries in international trade.

The ability to manage risk effectively allows HBL to offer competitive rates to clients on all facilities ranging from deposits to encashment of export proceeds. HBL's global alliances, and local treasury expertise provide clients with an informed overview of current events as they pertain to business conditions, allowing clients to take proactive decisions according to evolving market conditions.

Caption

Shaukat Tarin, Chairman and President of Habib Bank inaugurating the renovated premises.

Caption

Syed Nazir Hussain Shah, Retd. Chairman Board of Education, Azad Kashmir pressing the computer key to initiate the process during the 12th Draw of UBL's ZarAmaad Scheme held in Mirpur. Also seen in picture are Javed Iqbal, Head, Premier Consumer Banking, UBL and other bank officials.

Pepsi appoints new Country Chief

Pepsi Cola International has appointed Mashkoor Alam as the new Country Chief for Pakistan. He has a wide area of experience and expertise in the consumer and edibble goods area and is well equipped to take on the responsibilities of the Pepsi Cola International's soft drink market in Pakistan.

Change of president and CEO at Faysal Bank

Farook Bengali has been appointed as President and Chief Executive Officer of the Bank with effect from August 01, 1999 in place of Muneer Kamal who has resigned as President and Chief Executive Officer effective from the said date.

Mobilink GSM Sponsors Karachi Women's Cricket Team

Mobilink GSM developed its first ties with the promotion and encouragement of women's cricket in Pakistan when it sponsored the Karachi Cricket Team in the first-ever Women's Cricket Tournament organized by the Pakistan Women's Welfare Cricket Association, recently.

Played in Karachi at the picturesque Asghar Ali Shah Cricket Stadium, women's cricket teams from Karachi, Hyderabad and Lahore, respectively, participated in the tournament.

In the first match, the Karachi team, sponsored by Mobilink GSM, defeated the Hyderabad team in close finish match by 1 run; the second match played between Lahore and Karachi teams ended in favour of the former by 40 runs.

The final of the tournament was played between Karachi and Lahore teams. Lahore batted first scoring 125 runs in the allotted 20 overs, whereas, the Karachi team was bowled out for 80 runs.

The chief guest on the occasion was Senator Mujeeb-ur-Rehman, Chairman of the Ad-Hoc Committee of the Pakistan Cricket Board who gave away the prizes to the winning team, Lahore. Also present were Begum Asghar Ali and Mrs. Dr. Mohamad Ali Shah.

KSE circular

The management of the Exchange has decided that effective from Ready Clearing to be held on 25th August, 1999 the deliveries of all the eligible securities shall be tendered/received through the CDC account of the Clearing House on settlement days.

Attention of the members is also invited to our Circular No. KSE/N-1282 dated 8th April, 1999 whereby members were advised to tender their all the due deliveries on the day of settlement latest by 5:00 p.m. The above timings shall be observed strictly in order to complete the deliveries on the same day.

All the members are therefore again advised to ensure that their due deliveries are tendered through CDC account latest by 5:00 p.m. on the settlement day, failing which the short deliveries shall be squared-up immediately on the same day.

Companies in Pakistan Need Public Relations

Today Than Ever Before

Karachi: July 29, 1999 - There is an urgent need for the use of strategic public relations practices in companies in Pakistan today than ever before, the fact that we find ourselves in one crisis after another without really solving the core issues.

It was stated, today, by Menin Rodrigues, consultant and senior executive vice president of Hill & Knowlton's Pakistan affiliate Asiatic Public Relations Network (APR) while addressing the final year students of Mass Communication of the Karachi University.

In an inter-active lecture and discussion with the under-graduates, Menin emphasized the need for public relations in many spheres of national and private enterprises. He spoke about the confrontational issues facing many government organizations and civic agencies and vehemently urged the students of mass communication to usher in a new era of publicizing issues to bring about truth and openness in solving them.

"Public relations is a combination of strategic communication, managing issues and changing people's perceptions about an organization, its products, services and human resources, " said Menin who has a media-relationship of 20 years in Pakistan and is an H&K media-trained person handling issues-management for international companies based in Pakistan.

Speaking for the dire need of trade writers, Menin Rodrigues was clear on the subject of introducing strategic short-term courses for reporters and columnists to understand the real need of the industry, which he said, was based on accurate reporting.

"In Pakistan, we need specialist writers with relevant educational backgrounds to capitalize on the transition of a media revolution; financial reporters (the quality of MBA-Finance); computer-science professionals as writers; and writers with a vision forming a think-tank like an Institute of Strategic Studies," said Menin.

The communication incumbents were lectured on why is public relations important, when is it most effective, how is it used and what should be the profile of a public relations person. Menin spoke about the power of internal communication programs for use in external affairs of an organization and stressed the need for action-oriented activities to win friends (consumers) and influencing people (opinion formers).

Menin Rodrigues is the CEO of Asiatic Public Relations Network (Private) Limited, an Asiatic Advertising Group company; and represents clients of Hill & Knowlton Worldwide Communication Counsel in Pakistan.