Sep 27, 1999
Samsung launches advanced
TV sets in Pakistan
Samsung Electronics, Korea's leading manufacturer of home entertainment
and household products, which has established for itself a worldwide reputation for
providing quality to the consumer, has recently launched its latest range of color TV sets
This is the widest range of TV sets yet to be marketed in Pakistan by a
major TV manufacturer. The range comprises some 24 different models. It includes the
fantastic Tantus Projection TV in 61, 52, 43 and 40 inches screen sizes, Extra Large and
Flat Screen TVs in 37, 34 and 29 inches, Vision Plus in 30 and 22 inches, and the Hitron
range in 29, 25, 21, 20, 16 and 14 inches.
This impressive line-up incorporates Samsung's State-of-the-art TV
technology, with many highly advanced features which were so far not available to common
TV users in the country. Some of these features are: Picture-in-Picture, Double Screen,
Teletext, Zoom and Wide Picture, Worldwide Multi System compatibility, 100-Programme
Memory, Flat Screen, Multi Picture and Sound Modes, Super-Woofer Speaker System, Sound
Samsung products are competitively priced and can be viewed at and
purchased from Samsung Dealers in Karachi, Lahore and Hyderabad, with plans in the
pipeline to go national. As with other Samsung products, the new TV model line-up is fully
backed by warranty and after sales service.
With the arrival of these advanced Samsung TV systems, the standard of
TV-oriented entertainment in the country is certainly in for a dynamic quality change.
UBL CarAmaad and ZarAmaad Draws held in Karachi
The monthly draw for the CarAmaad and weekly for ZarAmaad schemes of
United Bank Limited, were held in Karachi. The draws were hosted by the popular TV compere
Anwar Maqsood. The chief guest Mr. Z. A. Nizami, Chancellor Sir Syed University of
Engineering and Technology pressed the customary computer keys in both the draws to
identify the winning numbers. It was the 12th CarAmaad and the 18th ZarAmaad draw.
As per eligibility of CarAmaad Scheme, 9 Suzuki Khybers were drawn in
accounts which maintained a minimum deposit of Rs. 15,000 upto Rs. 50,000 during the
previous month and 3 Toyota Corolla XEs were drawn in accounts maintaining deposit between
Rs.50,000 to Rs. l00,000.
In the ZarAmaad Scheme, the grand prize of Rs. 50 lakhs was drawn
against cheque number 1489810 while two prizes of Rs. 5 lakhs were drawn against cheque
numbers 1571880 & 1807908.
As per State Bank of Pakistan directives, monthly and weekly draws for
CarAmaad and ZarAmaad Schemes would continue to be held regularly until the end of l999.
PPWN Workshop on Assertiveness Skills for Women
The Pakistan Petroleum Women's Network (PPWN) Islamabad Chapter,
organized a one-day workshop on Assertiveness Skills here recently. The workshop which was
sponsored by the CIDA-Oil & Gas Sector Programme was held at OGSP's premises located
in E-7, Islamabad.
The workshop was attended by a large number of professional women from
the oil & gas sector. The organizations represented in the workshop were Union Texas
(UTP), Pakistan; British-Borneo Oil & Gas plc, the Oil & Gas Development Company
Ltd. (OGDCL), Directorate General Petroleum Concession (DGPC), Halliburton Pakistan,
Hydrocarbon Development Institute of Pakistan (HDIP) and Zaver Petroleum.
The contents of the workshop were very well received. The workshop was
conducted by Shabina Anjum Elahi, Deputy Chief Corporate Affairs, of the Oil & Gas
Development Company Limited. Mrs. Elahi, who received specialised training as a master
trainer under a CIDA scholarship in Canada, said that PPWN will be organizing such
workshops and seminars for professional women in the oil & gas sector as part of its
mandate, on regular basis. The purpose of organizing these seminars is to enhance the
professional capabilities of petroleum women, thereby equipping them to be better managers
in their respective areas of expertise.
Indus Motor Company Holds Board Meeting
Indus Motor Company Limited's meeting of the Board of Directors was
held on 9th September, 1999 at a local hotel, to review the company's performance for
1998-99. Participants included Mr. T. Uranishi, Director Toyota Motor Corporation who is
making his first visit to Pakistan, and Mr. M. Kato, Sr. Managing Director Toyota Tsusho
Corporation as well as other Board members.
Despite the fact that 1998-99 was a difficult year for Pakistan
economically, Indus Motor Company was successful in achieving several landmarks. Notably,
the company achieved full capacity utilization in one shift for the first time ever, and
also achieved a record 10,000 unit sales of locally produced Corolla and
Consistent product diversification and product improvements also helped
Indus Motor Company strengthen its market leadership position, with market share rising
sharply from 41% to 57% in the 1300cc and above segments in which Corolla competes with
other major brands. Hilux, in the Light Commercial vehicle range, continued to maintain
over 90% market share.
The financial results of 1998-99 reflect a pre-tax profit of Rs. 501.3
million and after-tax profit of Rs. 251.2 million. Taking into consideration the financial
results of 1998-99, a cash dividend of 20% has been approved by the Board of Directors.
Profitability in 1998-99 improved due to higher capacity utilization. The revenue
contributed to the Government during the same period amounts to over Rs. 2 billion, in the
form of sales tax, income tax and other duties.
Reviewing progress of the company's Daihatsu Cuore project, it was
noted with satisfaction that the project with an investment of rupees 700 million, is
progressing on schedule and the company would enter the small car segment next year.
The Government's support to the industry by way of consistent policies
was also appreciated as this has enabled the company to achieve deletion targets set by
the Government and has also expanded the vendor-manufacturing base in the country.
Indus Motor Company's contribution to society continues in the form of
medical and population control facilities in the villages around the company's plant at
Port Qasim, combined with support to other social welfare causes.
Karachi Port Trust receives World Bank loan
The Karachi Port Trust (KPT) has received a $1.1m interest free loan
from the World Bank as part of a port modernisation plan which totals $350m. This funding
will be used to finance consultancy studies on four different specific development
Out of a total funding plan of $350m for its sixth port modernisation
plan, the KPT will receive a $187.5m foreign exchange component with the balance being
funded from its own resources. The consultancy reports will form part of KPT's own plan of
action which would need to be presented and approved by the Planning Commission before the
tender process for the projects commences.
The World Bank has made the release of funding for the projects
conditional on the approval of these reports and it is estimated that the reports will not
be ready for submission for at least another 12 months. The KPT has not made any
allocation for the projects in its fiscal year 1999-2000.
The four projects outlined by the KPT are:
1. Construction of dangerous cargo shed.
2. Corporatisation of dredging and mechanical workshop and labour
3. Reconstruction of Napier Mole Boat wharf.
4. Reconstruction of Napier Mole Bridge linking East and West wharves.
PVC - A NEW BEGINNING IN PAKISTAN
Engro Asahi Polymer & Chemicals Ltd. proudly announces the arrival
of its first VCM shipment aboard "Helene Maersk" berthing at the ENGRO Paktank
Terminal Port Qasim on September 19,1999.
The arrival of VCM shall mark the beginning of PVC production in
Pakistan at Engro Asahi's plant site at Port Qasim Karachi. The project is a joint venture
of Engro Chemical Pakistan Ltd., Asahi Glass Company, Japan & Mitsubishi Corporation,
Japan. Upon arrival of its major raw material VCM the plant shall commence production and
is scheduled to launch its first product branded as SABZ PVC resin by mid November 1999.
This PVC plant has an installed capacity of 100,000 tons per annum built at a project cost
of Rs. 4 billion.
EAPCL's marketing strategies are directed towards meeting the existing
requirements of the industry, along with the tasks of proactively expanding the PVC
market. This necessitates ensuring close interaction with the customer and fulfilling
their need of quality resin assured by a plant based on state-of the-art Japanese
technology. Market development augmented by strong technical service support shall be
intensively pursued. This would enable introduction and expansion of new and existing PVC
applications in Pakistan. This project shall help in transfer of technology, create new
jobs and save considerable foreign exchange by reduction in imports and its earning
The Seminar held on "The State of Pakistan's Economy"
addressed by Dr. Pervaiz Hasan, Former Director, World Bank at Madinat al-Hikmah, Hamdard