May 01 - 07, 2000
Fastest mobile pentiumŪ III
Intel Corporation introduced at Intel Developer Forum Beijing its
highest performance mobile PC processors that will enable today's thinnest, lightest
notebook computers. The nest mobile PentiumŪ III processor featuring IntelŪ
SpeedStep technology at 700 MHz will power mobile PCs that can deliver desktop class
performance without compromising mobility.
Intel today also announced the new mobile IntelŪ Celeron
processor at 550 MHz, which delivers an exceptional value for consumers looking to buy a
low-cost mobile PC. Both processors are shipping in volume today.
"Mobile Pentium III processor-based systems meet the demands of
the new Internet economy by enabling the highest performing mobile PCs on the market
today," said Chak Wong, director of product marketing and business management of
Intel Asia Pacific. "Intel SpeedStep technology provides the ideal combination of
instantaneous performance and low power to extend battery life."
MCB CitiBank sign ATM Sharing Agreement
Muslim Commercial Bank Limited and Citibank Pakistan signed an ATM
sharing agreement, whereby, both Banks cardholders will have facility of using each others
Both Banks are leaders in providing ATM facilities to their customers.
The MCB ATM network covers 11 cities through over 80 locations while Citibank with 15 ATM
locations is the leading foreign bank providing this facility.
By mid-2000, MCB will be launching the ATM Switch called M-Net in this
way, opening its network to other interested Banks. Besides Citibank other foreign banks
have also signed MOUs with MCB for mutual sharing of the ATM network.
Mr. Haroon Basheer Shaikh, Head of Consumer Banking and Information
Technology Muslim Commercial Bank stated "We are extremely proud of the
success of our ATM journey. Today, all the Banks within the industry recognize and support
MCB's investment and service quality. We look forward to enhancing our service capability
to bring increased convenience to the customer's fingertips".
NBP: Strategy for Future Growth
The Executive Conference of the National Bank of Pakistan was held on
Friday, April 21, 2000, at a local hotel, to streamline home remittances and utility
services. NBP executives from all over Pakistan conducted strategic discussions to chalk
out a future strategy in order to modernise banking services.
The NBP President, Mohammadmian Soomro chaired the conference and the
heads of the Treasury Management Division, Marketing Development Division and Credit
Policy Management Division.
The agenda of the conference included suggestions of ways and means to
explore resources for the bank's progress, with special reference to remittances. The
conference covered an elaborate review of the difficulties, handicaps and challenges being
encountered in different areas of the Bank's operations.
The event started with recitation from the Holy Quran and Naat, being
followed by the presidential address of Mr. Mohammadmian Soomro.
"Conventional banking trends are changing and now everything is
revolving around the nucleus of technology. Credibility in financial matters should be
stressed upon to enable our clients to feel confident of our professional expertise",
said the NBP President.
Mr. Soomro stressed on promoting a more professional and productive
environment both within and outside the organisation. He said, "We should be prompt
and accurate in making decisions and should try to be cost-effective."
Greenwich University launches Baccalaureate Degree Program
Greenwich University organised an Open House Seminar to introduce its
new Baccalaureate Degree Program especially designed for Matric and O'Level students. The
Program is entirely new concept in post matric education following closely on systems
commonly used in developed countries such as US, UK and Europe etc. Students completing
the Baccalaureate Degree Program will be well qualified to enter undergraduate degree
Programs or follow careers in development studies, arts, economics, management studies,
and information technology within Pakistan or abroad. A large number of students and their
parents visited Greenwich House to have more details about the Program. Mr. Michael B.
Gledhill & Col. (Retd) M. Faizuddin highlighted the important features of the program.
GRAND CELEBRATIONS ON EASTER DAY AT THE KARACHI SHERATON
Easter, the most important feast in the Christian calendar, full of
flowers, color and music was celebrated with a splash at the Karachi Sheraton Hotel &
Towers. Loads and loads of activities for people of all ages was the highlight of the
Brunch held at the hotel, to mark the joyous event.
Karachi Sheraton Hotel & Towers served a Special Brunch on Sunday,
April 23, at Al-Bustan. The Brunch included numerous exciting activities for children and
for adults there were Prizes, an Egg Painting Competition, live Song and Dance
Performance, special Easter Farm-house with live chicks and bunnies, a Magic Show
along with a mouth-watering feast to stimulate everyone's appetite.
The children had a great time, painting away the wild colors of Easter
on huge Styrofoam eggs during the Easter Egg Painting Competition. More than 45
beautifully painted, vibrant eggs were offered to be judged in three different age
categories namely 3-6 years, 7-10 years and 11-13 years.
Karachi Sheraton Hotel & Towers had invited renowned Pakistani
artists Ms. Salwat Ali and Ms. Seemi Paracha to judge the competition. The judges had a
difficult time selecting 2 most beautifully painted eggs in each category. Sponsored by
Cadbury's, huge chocolate gift hampers were awarded for the 1st and the 2nd prize. Special
consolation prizes were also given by Cadbury's to the children, Ms. Farheen Shirazee,
Marketing Manager, Cadbury's Pakistan Limited gave the prizes to children after the
judging. Special Easter Hampers were also presented to the two judges by Ms. Shirazee, who
had been invited for the Egg Painting Competition.
Also featuring during the Brunch was a livewire, song-and-dance
performance by the HeartBeat, which set the whole Brunch afire with their amusing,
foot-tapping show. People all around Al-Bustan, gathered around the stage to enjoy the
routines performed by the young whiz kids. Divided in two 45-minutes shows, this show was
a perfect highlight for the joy, colors and laughter associated with Easter.
Great food, amazing prizes, fun and frolic all the way, made the Easter
Brunch at the Karachi Sheraton Hotel & Towers an event not to be left out on!
IBA Seminar on Organ Transplantation
Socio-economic drawbacks discouraging organ donation
IBA is known for organising seminars of various business and management
issues but for the first time a seminar of a different sort was arranged by it last week
to create public awareness about organ transplantation, particularly among the young
generation, at its auditorium
The world is experiencing miraculous changes and developments in the
field of medical science and transplantation but most of the third world countries
particularly Pakistan is lagging far behind in this field. Religious misconceptions and
social attitudes are the major detriments to encourage organ transplantations in this
regard. On its part the Sindh Institute Of Urology and Transplantation (SIUT) is trying to
create public awareness for a well informed choice for the people.
SIUT which started its operation in 1972 by offering dialysis,
lithotripsy, surgery and transplantation absolutely free of cost to those who can not
afford to pay for the expensive and yet life-saving treatment. It is not only providing
excellent services in medical sciences and transplantation but also is exceptionally well
managed and administered. The services provided by SIUT could hardly be matched by any
other similar government institution.
Dr Adibul Hasan Rizvi's presentation on 'SIUT, myth, miracle and
reality' was aimed at highlighting the myth of transplantation tracing back pre-BC
history. SIUT, he said, has so far provided treatment to some 136,000 patients including
dialysis and other. SIUT he said has provided these treatments free of cost including
kidney transplantation which costs $ 7,500 or Rs 400,000. However, he added, organ
donation is discouraged by many socio-economic factors like religious misconecptions that
it is not allowed in Islam and due to common belief that donating a kidney is injurious to
one's health. About 2,000 new names are added to the national waiting list for organ
transplantation monthly while an average of 9-10 people die every day due to
unavailability of organs wait. The Institute meets the bulk of its financial needs from
community donations though it is also provided the governmental funding.
The director of SIUT, Prof. Anwar Naqvi, talked about the medical
issues concerning organ transplantation. He said that SIUT has been following the
development of society every year in transplantation activities but the pace in the
country is very confined as compared to the rest of the world. Spain has the highest rate
of transplantation in the world after that the US and the UK respectively. The
transplantation rate in Pakistan is extremely low- just about 3-5 persons in a million,
the majority of which are kidney and corneal transplant.
Unlike the rest of the world where other organ transplantation such as
cornea, kidney, heart/lung, pancreas, bones, bone marrow Transplantation is taking place
organ transplantation in Pakistan mainly comprise kidney and cornea transplantations, and
that too in negligible. There are various ways to make the organs available for
transplantation, the most common being individual donations at the time of death, the
cadaver donations, of the organ and tissues. Donations can also be made by the relatives
of a dying person which require authorisation from the relatives. Thirdly, the donation
can be made by donor while alive and healthy. Dr Naqvi stressed that donation for
commercial reasons is completely discouraged and legal and ethical aspects are strictly
adhered to receive organ donations, there are two teams and working independently, one
make every effort to keep potential donor alive due to strict legal provision and second
team makes the organ available for donation after declaring the death of potential donor
by doctors not associated with transplantation .However, he added, that absence of proper
legislation regarding organ donation is also a major detriment to discourage organ
donations in Pakistan.
Mrs Naheed Ateed, lecturer Of Islamic Philosophies at Asian Management
Institute, said that Islam does not discourage transplantation. In fact, it encourages
organ donation which does no longer remain in one's use.
Answering the questions, Dr Rizvi said that there is a need to form
legislation concerning organ transplantation in order to encourage organ transplantation
in Pakistan. He also said that SIUT has an extensive Research and Development programme
which is constantly striving to abreast with the latest developments in medical science.
SIUT has well-established animal houses to help it carry out the related experiments for
the general benefit of the mankind kind.
Dr.Irfan Haider,Center of Computer Studies IBA,said that when he
personally visited SIUT, he was pleasently surprised by such a fabulous and well
administered unit in Civil hospital. Mr Haider further said that the efforts of SIUT and
its team concerning transplantation activities is absolutely a silver lining in prevailing
scenario.He also appreciated the students who organized the seminar regarding
transplantation activities in Pakistan , at IBA for the first time.
The seminar highlights the need for the greater awareness to remove the
socio-economic and religious myths for a greater pace of organ donation in Pakistan. The
SIUT is playing its role effectively and it's imperative that it be provided all the
support it needs.
Saudi Pak approves finance of Rs. 505 million
The Board of Directors of Saudi Pak Industrial and Agricultural
Investment Company (Pvt) Limited met on April 27, 2000 under the Chairmanship of Dr.
Abdullah T. Al-Thenayan, who is also Director General of Arab Company for Livestock
Development, Kingdom of Saudi Arabia.
The Board approved a total financing of Rs. 505 million to eight
companies. The financing comprises of Rs. 280 million for five projects in manufacturing
sector and Rs. 150 million as equity investment for one company in Information Technology
Sector. In addition, the Board also approved underwriting of public issue of shares of Rs.
75 million for two companies. The financing approved for manufacturing sector will
facilitate expansion of existing production facilities and creation of additional
The Board reviewed the performance of the company for the first three
months of the current financial year, January-March, 2000. The Board expressed
satisfaction over the growth and volume of business. During the period, Saudi Pak approved
financing of Rs. 310 million as compared to Rs. 283 million in January-March, 1999. The
disbursement of funds against variuos commitments amounted to Rs. 179 million in
January-March, 2000 as compared to Rs. 75 million in the same period of 1999.
Since inception Saudi Pak has provided financing by way of direct
equity investment and long term finance to 209 companies for an aggregate amount of Rs.
5,810 million. In addition the underwriting of public issue of shares and guarantees have
also been provided for a total amount of Rs. 1,69 million.
Saudi Pak, a joint venture of Kingdom of Saudi Arabia and Islamic
Republic of Pakistan, is playing an important role in promoting brotherly relations
between the people of Pakistan and Saudi Arabia. It is committed to accelerate industrial
development in Pakistan by providing loans and investment facilities to industrial
projects sponsored by private sector. Its financing is spread over all the key economic
sectors including chemicals, engineering, textile, cement communications etc. The projects
financed by Saudi Pak are located throughout the country. The paid up capital of the
company is Rupees two billion held in equal proportion by the Government of Kingdom of
Saudi Arabia and the government of Pakistan.
The Board expressed satisfaction over the role performed by Saudi Pak
in promoting growth of industrial sector in Pakistan.
HIMS Graduation Ceremony
Hamdard University Of Management Sciences (HIMS) has emerged as a
prestigious name in Business and Management Education in Pakistan. HIMS is a part of
Hamdard University which is trying to cater the need of business professionals throughout
HIMS held its annual graduation ceremony at its City Campus on April
28. It was also a launching ceremony of HUMSA (Hamdard University of Management Sciences
Association), a newly formed body which will responsible for students' selection, monitor
the running programs and the assessment of students. HAMSA will be run by the students to
put forward the mission of its founder, the late Hakeem Mohammad Saeed.
In the second session of the ceremony, chief guest Mr. Col. (Rtd) Wali
Khan Durrani, CEO of HU City campus and Chairman of CETAD (Center of Excellence for
Training and Development), took oath from the ad hoc member of HAMSA and BASC (Business
Administration Students Council) that they will remain 'firm, affirm and committed' for
the progress of Hamdard University particularly and for Pakistan in general.
Mr Durrani congratulated the students who had excelled in the
examination saying that they should maintain this standard in their practical lives to
serve the humanity. He also thanked and congratulated the parents and guardian for their
support and consistent guidance to the students as well as HIMS. He appreciated the alumni
of Hamdard for rendering great services for the development of the institution. He said
that people from all walks of life including housewives, middle level managers, managers
and even CEOs preferred to complete their certificate courses from
In the last session the chief guest awarded the students with gold,
silver and bronze medals alongwith certificate of merit for the students of MBA (morning,
evening and executive), BBA honors and two batches of PGD ((Business Administration).
Special awards were given to Mr Fayaz Anwar and Mr Naeem Khan for their valuable services.
The chief organizer of the ceremony was Javed Abdullah with the collaboration of HAMSA and
Ministry of science & Tech. KCCI & SGS to work for ISO
SGS Pakistan (Private) Ltd. in collaboration with the Ministry of
Science and Technology and Karachi Chamber of Commerce and Industry held a seminar on the
awareness of ISO 9000 Certification.
The seminar focused on the rapidly changing international business and
trade scenario due to globalization - the improvement in quality and standardization of
goods and services throughout WTO countries. Mr. Amjad Rafi, President, KCCI said that the
Chamber will continue to assist the Government and the private sector to forge ahead in
all spheres of the national economy. "The leadership of the Chamber firmly believes
that only continuous efforts on the awareness front will allow its members an opportunity
to apply for Internationally Recognized Certification standards such as ISO 9000 and
14000. Subsequently, this will serve as a platform for increased international exposure
and business opportunities for the local industry," said Amjad
Mr. Abdul Rasheed, Joint Technological Advisor to the Ministry of
Science and Technology, also addressed the seminar, which was largely attended by the KCCI
Managing Committee Members and representatives from various associations. He spoke about
the importance of ISO 9000 certification and re-afffirmed the Governments' commitment to
ensure efficient and economical consultancy channels for the local businesses to achieve
SGS experts made an enlightening presentation addressing the common
myths regarding ISO 9000 and deliberated on the reluctance on the part of Pakistani
businesses to apply for certification against internationally acceptable standards.
According to Syed Farukh Mazhar, Managing Director, SGS Pakistan, "There is no other
alternative for Pakistani businesses except to improve the quality of goods and services
for enhancing export output in an increasingly competitive business environment. The ISO
standards play a significant role in achieving these targets through improved Quality
Management Services of Organizations. He also announced that SGS Pakistan has established
a Help Desk for any individual seeking more specific data and guidance for acquiring the
Certification against ISO standards.
Assuming the responsibility of being the leaders in the field of
certification, SGS Pakistan remains committed to creating awareness about ISO
certification throughout the country. SGS Pakistan (Private) Ltd. assures full
co-operation for the Karachi Chamber of Commerce & Industry proposed seminar in June
that will highlight the achievements of local companies who have already acquired ISO
certification. SGS Pakistan plans to organize similar countrywide seminars and workshops
in collaboration with Ministry of Science and Technology.