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Sep 12, 1999

Mobilink Launches New "GSM Smart" Package

Mobilink GSM announced a newa "GSM Smart" package for its customers. This new package was introduced on August 22, 1999. The main benefit of this package is that it gives customers exceptional value for money.

The new GSM Smart package is available to new Mobilink GSM customers and combines both value-packed services and economy. It features highly economical incoming and outgoing call rates at Rs. 3.99 and Rs. 5.99, respectively and an exceptionally low line rent of Rs. 199 per month.

Besides the reduced charges, the new GSM Smart package also features value-added services such as Call Waiting and Call Barring. Additional facilities such as Caller Line Identification, Late Night Option, Nationwide Access and Voice Mail are also available for a nominal charge every month.

David Smith, Executive Director Marketing, Mobilink GSM, said on the launch of the new GSM Smart package, "With GSM technology, we will always be able to offer the best mobile phone service in the market, backed by unique facilities such as International Roaming. With GSM Smart we are able to reach out to many more consumers and business people, who otherwise may not have been able to afford a mobile telephone. It proves once again that Mobilink GSM is taking the initiative in bringing a great value mobile telephone service to the Pakistani public".

Mobilink GSM is a joint venture of Motorola International Development Corporation, International Wireless Communication Ltd (IWC) and Saif TeleCom (Pvt.) Limited. It has more than 120 cell site across Pakistan and is the only cellular company offering state of-the art GSM services to its customers .

 

Manhattan LB executive awarded Hamburgerology degree

Shamshad S. Mirza, Account Director, Manhattan Leo Burnett, has successfully completed Marketing Studies at the McDonald's International Hamburger Marketing University, Chicago, USA and has been awarded the degree of Bachelor of Marketing Hamburgerology. In preparation for this, he also attended a Marketing Orientation Course with McDonald's in Dubai, UAE. He was also a winner of the Best Seminar Group prize in Chicago.

Mr. Mirza was among a 100 participants at the 24th Class of the McDonald's International Hamburger Marketing University. The Class was attended by representatives from 45 countries accounting for 84 per cent of McDonald's total international sales.

The study programme was designed to take participants through the McDonald's Planning Process and featured all such key areas which directly impact developing and maintaining the brand.

During the course, which was spread- over 10 days, participants were introduced to the unique aspects of working on McDonald's business towards building a better understanding of sales and consumer dynamics.

 

Net asset values of ICP Mutual Funds as on 23.08.1999

Name of Fund

N.A.V.
As on
23.08.1999
(Rs. Per Share)

Market Price
As on
23.08.1999
(Rs. Per Share)

01ST ICP

12.60

07.90

02ND ICP

11.96

07.50

03RD ICP

16.28

10.00

04TH ICP

32.49

18.00

05TH ICP

11.55

09.00

06TH ICP

22.82

12.20

07TH ICP

12.71

08.75

08TH ICP

26.60

14.00

09TH ICP

38.82

26.00

10TH ICP

19.05

09.50

11TH ICP

16.69

07.05

12TH ICP

16.08

12.00

13TH ICP

32.09

16.00

14TH ICP

14.43

05.50

15TH ICP

11.99

09.25

16TH ICP

09.59

09.90

17TH ICP

12.34

11.20

18TH ICP

09.45

08.15

19TH ICP

15.11

11.25

20TH ICP

15.80

06.35

21ST ICP

04.30

02.05

22ND ICP

07.29

02.85

23RD ICP

03.41

01.15

24TH ICP

03.93

01.25

25TH ICP

07.69

02.60

SEMF-A

26.46

12.75

Foreign Equity in KASB

At the Extra-Ordinary General Meeting of Khadirn Ali Shah Bukhari & Co. Ltd held on April 06, 1999, it had been resolved that 5,559,840 ordinary shares of the Company be offered to Suleiman Ahmed Al-Hoqani of the Sultanate of Oman and be issued to said Hoqani or to the subscribers procured by him at the price of Rs. 20/- per share subject to approval by the relevant authority in accordance with Section 86 of the Companies Ordinance, 1984.

The Securities and Exchange Commission of Pakistan to which the above Resolution was referred subsequently also approved the specific and without right issue of 5,559,840 ordinary shares of the face value of Rs. 10/- each at the premium of Rs. 10/- i.e. at a total subscription price of Rs. 20/- per share to Suleiman Ahmed Al-Hoqani.

In response to the above offer and the approval of the Securities and Exchange Commission of Pakistan, Suleiman Ahmed Al-Hoqani has accordingly been issued 5,559,840 ordinary shares of Khadim Ali Shah Bukhari & Co. Ltd under Section 86 (1) of the Companies Ordinance, 1984 as on September 3, 1999.