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COVER STORY

Y2K-ARE WE READY TO MEET THE CHALLENGE?

Preparations for Y2K compliance are in high gear globally. Companies are plugged on their internal critical system. Everyone seems to be taking care of its own shop and relying on others to do their part. New penalties for non-compliance are adding to the pressure worldwide. Since the deadline is non-negotiable, it is imperative for the local companies to be Y2K compliant. Cover story focuses on four areas — the level of awareness and commitment, implementation progress, the extent of internal and external testing and the availability of contingency plans. Added factors include government commitment and regulator support.

CIGARETTE

Local cigarette manufacturers took an undue advantage of the post-budget confusion by increasing the prices deceptively. The smokers are not only taxed with increased prices which have nothing to do with the budget but the unannounced increases also goes against the norms of good business practices.

NESTLE

Nestle, the producer of a varied range of dairy products and fruit juices, is playing a vital role to produce a wide-range of hygienically packaged products to cater to the needs of changing preferences in Pakistan.

LPG

Shortage of Liquid Petroleum Gas (LPG) in Karachi has forced thousands of cab drivers either to buy it at Rs60 per kg against the official price of Rs20 per kg or take their vehicles off road.

KARACHI BEACHES

Karachi beaches stretched over miles and miles could have been the most outstanding feature both for tourism as well as the economic development of the country. Instead of supporting the economy our beaches have become a death trap for innocent visitors due to lack of facilities. Too many cooks have spoiled the broth.

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