Apr 10 - 16, 2000
Agfa's Regional Sales
Mr. Peter Haupt, Regional Sales Manager of Agfa for South-east Asia,
arrived in Pakistan on April 3, 2000, on a week long visit to interact with the local
dealers and mini-lab owners.
Upon Mr. Peter Haupt's arrival, he was welcomed by Mr. Sohail Carim,
Executive Director, Agfa Gavaert Pakistan. During the course of the day, Mr. Haupt met
with various Agfa Gavaert's personnel, and visited different mini-labs and local Agfa
dealers, thereby gaining information on the current status of Agfa in Pakistan.
Later in the evening, a dinner was held by Agfa Gavaert Pakistan, at
the Karachi Boat Club, where Mr. Peter Haupt personally met many of the local dealers and
mini-lab owners. At the dinner, Mr. Haupt commented, "Agfa has been very successful
in its operations in Pakistan and Agfa's solid standing and potential will lead it to stay
at the forefront of the photo industry in Pakistan".
First Habib Bank Modaraba
Managed by Habib Bank Financial Services (Pvt) Limited, a wholly owned
subsidiary of Habib Bank Limited.
Board of Directors:
Zakir Mahmood Chairman
Mian Abdus Salam CEO
Khaliq Kayani Director
Sohail Malik Director
Mian Asif Said Director
Muhammad Samiullah Company Secretary
First Habib Bank Modaraba is a perpetual, multipurpose and
multi-dimensional Modaraba formed on March 16, 1991 under the Modaraba Companies and
Modarabas (Floatation and Control) Ordinance, 1980, being managed by Habib Bank Financial
Services (Pvt) Limited, a wholly owned subsidiary of Habib Bank Limited. The Modaraba is
currently engaged in various modes of Islamic financing and other related businesses. It
is listed on the Karachi, Lahore and Islamabad Stock Exchanges.
Performance highlights 1998-99
During the year under review, the Management of First Habib Bank
Modaraba (FHBM) has maintained a steady growth in its business.
FHBM for the last few years, is consistently distributing dividends to
its Certificate holders as cash dividend @ 15% for the year ended 30-06-1999 (This amounts
to Rs.59.560 M)
Operational Income increased by Rs.37.70 M from Rs.191.51 M in 1998 to
Rs.229.21 M in 1999 depicting an increase of 19.69%.
The Company has earned a Net Profit of Rs.74.86 M in the year 1999 as
compared to Rs.69.70 M during the corresponding period and recorded an increase of 7.40%.
Leased Assets at Cost registered an increase of 27.08% over 1998 from
Rs.386.30 M to Rs.490.92 M in 1999
The earning per certificate is Rs.1.89 as compared to Rs.1.76 in
Administrative & operating expenses were 3.92% lower than the
FHBM is exploring various avenues for arranging long term funds while
laying emphasis on its core activity of leasing.
Diversifying lease portfolio to include companies with sound
financials/track record and to sectors with growth potential and low risk profile.
First Women Bank Ltd
First Women Bank Ltd. Business Centre Karachi had its certificate
distribution ceremony for participants of skill development training programme for the
month of March in the areas of Fashion Designing, Silk Painting, Candle making Self
Grooming. Certificate was also distributed among the participants of the short course
Personality Grooming Development and Stress Management. For the first time this course was
offered by the Business Centre on the demand of the women, as stress and tension is
increasing day by day in the society and it is necessary to learn how to overcome this
Addressing the participants, the Chief Guests of this programme
renowned Beautician Ms. Ruhana Iqbal of Bhabis applauded the role of Women Bank by opening
the new avenues for the women.
Ms.Akram Khatoon President First Women Bank while presiding over the
function spelled out the promotional role of the Bank for main streaming the women for
economic development through self employment. She urged the participants of the courses to
make use of the skills thus acquired and set up home based small businesses by availing
credit facilities from the Bank.
Earlier, Ms.Charmaine Hidayatullah Senior Vice President / Divisional
Head Business Development & Marketing highlighted the performance of the
NADRA and NCR Corporation sign contract
National Database and Registration Authority (NADRA) and NCR
Corporation, a leading IT multinational, have signed National Data Warehouse Contract,
recently. For the first time in the history of Pakistan such technology is being
implemented in a critical infrastructure project. According to the details of the project,
latest Information Technology tools will be used in making decisions for people, based on
input provided by the people, which can give them basic infrastructure facilities and
amenities as per their requirements.
The Habibians' Club
A Social Organiztion of Habib Bank Staff "The Habibians'
Club", organized a get-to-gather in honour of its members at Gallery Sadiqain (Frere
Hall) Bagh-e-Jinnah, in which a large number of the members participated.
Mr. Mohammad Saleem Jan New Managing Director BOP
Mr. Mohammad Saleem Jan, a senior banker, has taken over as Managing
Director of the Bank of Punjab. He brings with him more than 31 years of rich and varied
experience in general banking, advances, administration and recoveries, correspondent
banking and human resource development. He has served as President/Chief Executive Union
Bank Limited and as a senior executive in foreign banks including The Middle East Bank
Dubai UAE, ANZ Grindlays Bank in Pakistan, Bahrain, New York, Dubai, Abu Dhabi and London.
The Software Society of Business and Information Technology Students'
Club (BITS) at Institute of Business Administration arranged a seminar on March 24, 2000
at IBA City Campus Auditorium. The topic of the seminar was:
"Venture Capital Investment in E-Businesses".
The seminar was attended by over 100 eminent guests from IT Industry as
well as from Corporate world. The seminar proved to be very informative and successful.
The seminar was started with the recitation of Holy Quran followed by the welcome speech
given by Sanam Kohati, Vice President of Software Society. The guest speakers who spoke on
the topic, were Mr. Nadeem Naqvi who is the head of Research International Asset
Management Mr. Faisal Khan who is MD at NetAccess, Mr. Shahzad Mahmood, CEO at Future
Management Information Systems, Dr. Tahir Andrabi, Director at Active Learning Initiative
Facility (ALIF) Mr. Saleem Ghauri, CEO at NetSol, and Dr. Syed Irfan Hyder who is a Deputy
Director of CCS at IBA.
Dr. Syed Irfan Hyder discussed role of business schools in spawning new
ventures. He explained that the purpose of venture capital investment is to provide human
resources as well as financial resources to the people associated with E-Businesses. Dr.
Tahir Andrabi who talked about the role of mentoring, networking and contests in getting
the IT industry moving, discussed that in order to enhance venture capital investment in
Pakistan, there is a need to put a great deal of emphasis on its fundamental idea and the
ability to compete. He said that we need to create a pool of all those resources that are
not being utilized fully so that investors can be persuaded towards it. Mr. Nadeem Naqvi
provided some significant details while talking about some really successful companies and
explained the possible reasons behind their extraordinary success. He stressed upon the
evaluation of E-Businesses ventures for funding. Managing Director at NetAccess, Mr.
Faisal Khan discussed critical success factors for running a professional IT Venture. Mr.
Shahzad Mahmood provided some insights relating risk analysis of E-Businesses. Mr. Saleem
Ghauri talked with reference to his experiences relating to his company which got
registered in New York's Stock Exchange in December of l999. He said that his company is
among one of the very few in this World who made up to 500 million US dollars in such a
The seminar got even more interactive when the open question and answer
session started. After the Open question and answers session Armughan-e-Muhammad, General
Secretary of Software Society, delivered closing address and thanked all the guests. The
ceremony was concluded with the plaques distribution by Dr. Syed Irfan Hyder and
Qurrat-ul-Aien Badsha, Treasurer of Software Society. The organizers of this seminar
include Zubair Naseer, Zainab Dadabhoy, Raheel Pasha, Imran Yousuf, Adeel Zaman, and Adeel
Allianz and EFU group sign joint venture agreement
Allianz Aktiengesellschaft (Allianz AG), a global leader in the
insurance industry with an active presence in 70 markets across 5 continents and EFU Group
signed a joint venture in Karachi to form a new company that will provide health insurance
to the people of Pakistan.
The agreement was signed by Mr. Michael Diekmann, Member of the Board
of Management and Mr. Heinz Dollberg, Executive Vice President, both of Allianz AG and Mr.
Rafique Bhimjee, Mr. Jahangir Siddiqui and Mr. Saifuddin N. Zoomkawala.
Allianz EFU Health Insurance Company, approved by the Government of
Pakistan, will be the first specialised health insurance provider in the country and will
play a pivotal role in developing the health insurance market in Pakistan.
ADP- OPEN DAY an event at AMI
On 25th March 2000, AMI held an open day and welcomed all its visitors
who wanted information about the Associate Degree Programme. The programme is offered to
the students who have completed their Matric or O level and are looking for an institute
of high repute. The Associate Degree Programme is dream come true for every serious minded
and ambitious student who want to get a head in life.
On the open day, principals and teachers of different institutions,
parents and students visited the various stalls set up to inform them about every aspect
of the facilities and opportunities for the graduates of the ADP. The crowd who came were
inquisitive but went away awed by the majestic structure of the building, the highly
qualified and cooperative staffand above all by the high quality ofthe education being
HIGHLIGHTS OF ADP
The program provides focused growth and intellectual stability
to the youth, which usually is lacking in most college systems.
ADP provides early entrance and better chances of career growth.
Courses are delivered at a level equivalent to A-level studies.
The time lost in entering and recentering different institutions
in pursuit of a professional career along with the cost of admission is minimized through
a systematic progressive plan.
Through ADP, students find themselves better groomed, polished
and well equipped to settle in the degree program compared to others.
Students are provided with appropriate career counseling by
experienced and highly professional faculty, an asset of AMI.
Students enjoy the recognition of AMI not only nationally but
Students who opted to go abroad in order to continue their
studies have been able to get the maximum number of credits transferred.
The special highlight of the ADP programme at AMI is that at the
completion of the program, students don't have to wait for admissions. They can easily
join the highly prestigious BBA (Bachelors in Business Administration), BCS (Bachelors in
Computer Science) or BFD (Bachelors in Fashion Design) programme being offered at AMI, and
be on their way to a prosperous career.
The existing popularity of this programme is such that although it was
initiated in the fall of 1999, already a sizeable amount of students are enrolled in it.
The aim of this programme is to give budding professionals, their first taste of the
corporate world and prepare them for its challenges. Special care is taken to enable them
reach the level of international graduates, so as to ensure their success, whether their
chosen field is Business, Information Technology or Fashion Design.
The visitors of the open day were given information and complimentary
gifts and taken on a guided tour of the whole campus. The faculty and students of ADP
volunteered for the whole day for counseling the visitors. Thus the high quality of
education, an ideal academic environment, the multitude of recreational activities it
offers, combined with easy accessibility make AMI the ideal choice for those who want a
head start in the world of business.
Enterprise Resource Planning to Spur Growth in Textile Industry
A seminar, "Enterprise Resource Planning (ERP) Solution for
Textile Industry of Pakistan" was organized today by Ideal Solutions in collaboration
with IBM Pakistan Ltd.
Leading textile manufacturers from all over the country participated in
this event. The speakers discussed the relevance and the need for Enterprise Resource
Planning (ERP) and Textile Integrated Manufacturing (TIM) in the local textile industry.
The speakers' presentations were followed by a TIM demonstration, delivered by a Datatex
expert from Italy, Roberto Crovetto.
In view of the Pakistani textile industry's growing IT needs, Ideal
Solutions (Pvt.) Ltd. Datatex's authorized representative in Pakistan, has introduced a
special offer. This offer includes Textile Integrated Manufacturing (TIM) software from
lDatatex, hardware (AS400 computer) from IBM and implementation services from Ideal
Solutions. Special discounts from all three companies' makes this high tech solution a
very affordable proposition for local buyers.
Speaking at the occasion, Sheikh Nisar Ahmed, Managing Director, Ideal
Solutions, said, " The purpose of this seminar was to introduce Textile Integrated
Manufacturing to the local textile industry, whose IT needs have grown exponentially over
the past few years, and TIM is just the product to cater to them".
Earlier on in the day, an international sub-licensee agreement was
signed between Ideal Solutions and Datatex. Key executives of Ideal Solutions, Datatex and
IBM Pakistan attended the signing ceremony. According to this agreement, Ideal Solutions
has been appointed as the sole representative of Datatex in Pakistan.
TIM is a Datatex product, made specifically to cater to the information
technology (IT) needs of the textile industry. Datatex is a leading global IT solutions
provider for the textile industry worldwide. It is renowned for its wide range of
customer-oriented IT products, which are suitable for both, small-scale as well as
large-scale textile units.
Ideal Solutions (Pvt) Limited is a leading IT solutions provider,
established to provide Information Technology solutions to the international market as
well as the national business and financial sectors. It is dedicated towards providing
high quality and cost effective solutions to organizations wanting to outsource their IT