. .

1_popup_home.gif (1391 bytes) announce.gif (6686 bytes)

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 in Pakistan.

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 Ports, etc.

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 Hilux.

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 projects.

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 rationalization.

3. Reconstruction of Napier Mole Boat wharf.

4. Reconstruction of Napier Mole Bridge linking East and West wharves.


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 through exports.

Hamdard University

The Seminar held on "The State of Pakistan's Economy" addressed by Dr. Pervaiz Hasan, Former Director, World Bank at Madinat al-Hikmah, Hamdard Uiversity recently.