Dec 27, 1999
INTEL INTRODUCES FASTEST
PROCESSOR FOR DESKTOP PCs
Intel Corporation today introduced Pentium® III processors at 800 MHz
and 750 MHz, establishing Intel's highest levels of performance for the desktop.
"Intel's Pentium III processor is the fastest microprocessor in
the desktop PC market segment," said Paul Otellini, executive vice president and
general manager of the Intel Architecture Business Group. "We are committed to
delivering the highest performance processors and platform solutions to our
Higher Performance: Intel's 0.18 rnicron-based Pentium III processors
feature the Advanced Transfer Cache and Advanced System Buffering to deliver higher
performance than earlier versions based on 0.25-micron technology even at the same clock
Intel's 0.18-Micron Process Technology: Intel began shipping processors
based on 0.18-micron process technology in mid1999 and is currently shipping high-volume
production based on this technology from four factories around the world, with Fab 11 in
New Mexico coming on-line with the process in the first quarter of 2000. Intel's
0.18-micron process technology features structures smaller than 1/500th the thickness of a
Pricing and Availability: The Pentium III processor 800 MHz is priced
at US$85 1 in 1,000-unit quantities; the 750 MHz version is priced at US$803. Both speeds
are available now with volume ramping in Q1.
Intel, the world's largest chip maker, is also a leading manufacturer
of computer, networking and communications products. Additional information about Intel is
available at www.intel.corn/pressroom.
Internal book closure
By Khalid Majid Husain Rahman
This is to inform you that although we have done our best to make our
systems fully Y2K complaint. However, since the issue is very unpredictible therefore, to
avoid any unpleasant situation, we have decided to observe an internal book closure from
December 27, 1999 to December 31, 1999 to update transfer and member register in respect
of the following companies:-
S.No. Name of Companies
1. Al-Faysal Investment Bank Limited
2. Ismail Industries Limited
3. Tata Textile Mills Limited
4. Salfi Textile Mills Limited
5. Island Textile Mills Limited
6. First Equity Modaraba
7. First IBL Modaraba
8. Financial Link Modaraba
9. First Imrooz Modaraba
The MACH3 Flight to Pakistan
By Faisal Siddiqi
Gillette MACH3's introduction in Pakistan brings forth, the most
remarkable product in the history of shaving. Gillette since dawn of the twentieth century
has solely been driven by a single-minded conviction: "There is a better way to shave
and we will find it." The development of MACH3 illustrates this latter point most
The Gillette blade and razor business dates back to 1901, when King
Camp Gillette invented the safety razor. Finally, there was a simple and safe means to
remove unwanted facial hair. Ever since those early years the world has been witness to
untold number of shaving, product performance and technological innovation firsts. In the
minds of modern men Gillette retains the pre-eminent position when it comes to shaving.
An overview of Gillette history shows the Company's strong commitment
to technological progress. Product milestones include: the first twin blade shaving system
(Gillette Trac II(®); the first win blade disposable razor (Gillette Good News (®)); the
first twin-blade shaving system with a pivoting head (Gillette Atra®); the first
twinblade shaving cartridge incorporating a moisturizing Lubrastrip®) (Gillette Atra
Plus); the first shaving cartridge with independent spring-mounted twin blades (Gillette
Sensor(®)) and the first shaving cartridge with flexible microfins (Gillette
Gillette MACH3 with its three-blade configuration, new blade edge
technology, forward pivoting action and innovative cartridge architecture, represents a
giant leap for mankind in shaving technology and performance. The first and only shaving
system with three progressively aligned blades, MACH3 is the most significant men shaving
development since the launch of the first twin blade razor, Gillette Trac II.
As far as MACH3 is concerned it is for the first time since the 1960's
that the blade edges have been fundamentally reengineered to provide superior hair-cutting
performance. New technology allows Gillette to manufacture blades with a thinner edge than
any other Gillette blades, enabling men to shave with less force, with drag and pull - and
definitely less irritation.
Gillette has invested more than $750 million in manufacturing capital
and research and development costs to bring MACH3 to the market. One stroke with the
shaving system and the difference is clear. MACH3 establishes entirely new performance
criteria and makes all previous products seem positively historical.
The literal meaning of MACH3, is speed three-times the speed of sound.
The name evokes images of flight, and is distinctive, powerful and easy to remember.
Gillette tested the MACH3 name in multiple languages and found that it is easily
pronounceable and recognizable across geographies. Men made a positive connection between
the advanced technology, aerodynamics and breakthrough performance associated with
high-speed flight and the advanced shaving experience of Gillette MACH3.
MACH3 sets a new standard in shaving performance. The first and only
shaving system with three progressively aligned blades, MACH3 provides men with a closer
shave in fewer strokes with less irritation.
The first and only shaving system with three blades positioned
in a progressive configuration.
Patented DLC comfort edges - the first significant blade edge
innovation since the 1960s.
New cushioned forward pivoting action incorporated in the
Indicator lubricating strip with Vitamin E.
Open cartridge architecture and single-point cartridge docking.
Independently moving sprint mounted blades.
Soft, flexible microfins which precede the blades.
Ergonomic metal handle with rubberized crescent shaped grips.
Functional shaving organizer and cartridge holder.
Three blades positioned in a highly proprietary progressive
configuration give men a closer shave in fewer strokes with less irritation. During the
course of a single stroke, each blade shaves progressively closer than the one before.
The patented DLC comfort edges are thinner than any other Gillette
blade edges and glide through beard hairs more easily. With MACH3 the consumer experiences
less drag and pull for an extraordinarily comfortable shave.
Superior forward pivoting action, which is housed in the cartridge
itself instead of the blade handle, allows the three blades to glide effortlessly along
the surface of the skin while maintaining their progressive alignment.
The Indicator lubricating strip, with Vitamin E, provides skin benefits
to address irritation. A blue stripe on the strip fades with use to alert men when they're
no longer getting the optimal MACH3 shaving experience.
Open cartridge architecture makes rinsing and cleaning the MACH3 blades
easier tham ever. The single point docking system (loading the cartridge at one point
instead of two) simplifies the loading process and eliminates any guess work, since it's
impossible for consumers to accidentally load a cartridge upside down,
Independently moving spring mounted blades sense and adjust to every
contour of the face, adding to the closeness and comfort of the shave.
Soft, flexible microfins precede the blades to gently lift even
stubborn hairs so that they stand up just before the first blade cuts them.
The ergonomic metal handle features three rubberized crescent-shaped
grips, which ensure a safe, comfortable, hold throughout the entire range of shaving
The shaving organizer holds both the razor and extra cartridges, stands
on end for convenient storage and packs easily for travel.
Consumer testing results confirm that men prefer MACH3 for closeness,
smoothness, comfort, non-irritation, razor-glide and freedom from nicks and cuts. MACH3
also reduces the need to re-shave, which can cause irritation the single largest
problem for the majority of men.
When asked to define the perfect shave, men worldwide agree upon
closeness, smoothness, comfort, lack of irritation and safety. In the quest to achieve
this shave, men will readily trade up to better performing shaving products. The
phenomenal performance of Gillette Sensor launched in 1990 and the subsequent shift to the
technologically superior SensorExcel shaving system in 1994 establish precedents for the
success of MACH3.
Wherever MACH3 has been launched it has met with tremendous success. By
the end of Millennium the cumulative sales of MACH3 had exceeded one Billion US Dollars.
Be it America, Europe or Asia this revolutionary shaving system has sold beyond the
expectations of the local markets. In most of the key markets MACH3 has already become the
number one brand. In the United States it reached this much-coveted position in matter of
In the Pakistani market MACH3 is expected to be launched in the second
half of January 2000. George Nasser, Gillette's Director Male Grooming based in Dubai, was
recently in the country and at a press conference announced the impending launch of MACH3.
He also stated that in Pakistan this shaving system is expected to be highly successful.
Net Asset values of ICP Mutual Funds as on 13.12.1999
Name of Fund N.A.V. Market Price
As on As on
(Rs. per Share) (Rs. per Share)
01st ICP 14.77 06.50
02nd ICP 12.29 05.85
03rd ICP 17.11 08.50
04th ICP 38.46 15.25
05th ICP 12.37 09.00
06th ICP 24.71 12.15
07th ICP 13.35 07.25
08th ICP 30.37 20.00
09th ICP 41.28 30.75
10th ICP 19.66 09.00
11th ICP 18.39 07.50
12th ICP 16.48 10.00
13th ICP 37.39 16.00
14th ICP 15.08 05.50
15th ICP 14.25 07.00
16th ICP 11.84 09.90
17th ICP 14.46 11.20
18th ICP 10.97 08.15
19th ICP 16.57 08.30
20th ICP 17.56 06.40
21st ICP 04.75 01.75
22nd ICP 07.99 03.00
23rd ICP 03.92 01.80
24th ICP 04.51 01.65
25th ICP 08.62 03.00
SEMF-A 29.59 15.20
Emirates completes financing for sixth airbus
Emirates has signed a US$ 85 million financing agreement for the
acquisition of the sixth of eighteen Airbus A330-200 powered by Rolls Royce Trent engines,
which the carrier has on firm order. The aircraft is scheduled for delivery to the airline
in Toulouse on January 24, 2000.
This sophisticated financing has been structured by Credit Agricole
Indosuez as a 12-year Japanese operating lease and is guaranteed by the UK's Export Credit
Guarantee Department (ECGD), Germany's HERMES and France's COFACE.
The other leading banks involved are DGZ.DekaBank-Deutsche
Kommunalbank, Landesbank Rheinland-Pfalz Girozentrale and Landesbank Schleswig-Holstein
Girozentrale and Kreditanstalt Fur Wiederaufbau. The debt is financed at an attractive
fixed rate of 5.89%.
Maurice Flanagan, Emirates' Group Managing Director, signed the
financing documents with A'nne-Marie Siffroy Pytlak, Head of Aircraft Financing, Credit
Agricole Indosuez and Cornelia Thale, Vice-President of DGZ Bank.
In addition to the 18 A330-200 aircraft on firm order, Emirates also
has on order three Boeing 777-300 and six long-range Airbus A340-500 aircraft. Emirates
also has options on a further four Boeing 777-200, five A330-200 and 10 A340-500 aircraft.
Maurice Flanagan said: "We are very grateful for the continuing
support of Credit Agricole Indosuez which is a major player in the aircraft financing
market. In this deal, they have used their Japanese presence to create a low-cost funding
structure for this Emirates. This is the second widebody aircraft worldwide to be financed
in this manner."
The Asiatic Public Relations Network recently launched a photography
contest - "Agfa Photo-Millennia", to honour photojournalists, at the Karachi
The contest, which is the first of its kind in Pakistan, is an Asiatic
Public Relations special event. It is a once-in-a-lifetime opportunity for photojouralists
to capture the dusk of the second millennium and the dawn of the third.
Sponsored by Agfa-Gevaert Pakistan Ltd., the contest is open to
photographers of all the member publications of the All Pakistan Newspapers Society, and
members of the Pakistan Association of Press Photographers. Photographers who wish to
participate in the comptition may contact Asiatic Public Relations. The last date for
registration is Dec 23, 1999.
The entries in the contest will be judged by a panel of prominent
personalities and the winners will be awarded cash prizes of Rs. 10000, Rs. 6000 and Rs.
The event started with recitation from the Holy Quran, followed by a
welcome address by Salman Ali, Manager Strategic Communications, Asiatic Public Relations.
Then Vaqas Ali Khan, Manager Media Development, dilated upon the objectives of this
contest, and Arshad Khan, Client Service Manager, spelled out the details of the
competition. The event concluded with a question and answer session followed by
Speaking to the press at the occasion, Vaqas Ali Khan, Manager Media
Development, Asiatic Public Relations said, "The purpose of this event is to
recognise and honour the contribution of photojouralists to photography in Pakistan, and
it is only befitting that Agfa should collaborate with us in this momentous event".