. .



May 01 - 07, 2000

Fastest mobile pentiumŪ III processors

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 ATMs.

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 capacity.

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 the country.

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 HIMS.

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 BASC.

Ministry of science & Tech. KCCI & SGS to work for ISO 9000

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 Rafi.

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 this accreditation.

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.