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Jun 05 - Jun 11, 2000

"Female Restaurant Manager at the Karachi Sheraton"

Ms. Sadia Haroon has recently joined the Karachi Sheraton Hotel & Towers as the Restaurant Manager for the Fanoos Lounge and the newly revamped Gourmet Shop.

Ms. Haroon brings with her 8 years of rich experience with the service and hospitality industry to Karachi Sheraton Hotel & Towers, along with extensive understanding of sales and marketing, guest relations and management. She has been widely trained on contemporary techniques in restaurant management and a variety of other subjects which would prove to be very helpful to the hotel.

LATE PROF. NABI BUX DAUDPOTA EXTENSION LECTURE SERIES

The second extension lecture of the above series on "Strategic Business Units in Marketing" was delivered for our MBA's Executive students by M. Izhar Hussain, Marketing Services & Business Development Manager, Abbott Laboratories (Pakistan) Limited Karachi on May 28, 2000 at the University of Sindh, Elsa Kazi Campus, Hyderabad.

Prof. Ferozuddin Kazi, Dean Faculty of Commerce & Business Administration, presented him traditional gifts, Sindhi Cap and Ajrak as a token of respect on behalf of University of Sindh.

The lecture was attended by Prod Kazi, Mr. Sultan Raza Adjunct Faculty Member of IBA Karachi, Faculty Members and students.

Lecture delivered by Dr. Ishrat Husain, Governor SBP

A general lecture was delivered for Faculty Members, Officers of the University, Research Scholars of Ph.D. & M.Phil by Dr. Ishrat Hussain, Governor State Bank of Pakistan on May 27, 2000 at his alma mater, at University of Sindh, Allama I.I. Kazi Campus, Jamshoro.

Prof. Ghulam Hussain Khaskhely introduced the guest speaker. Dr. R. A Shah Worthy Vice Chancellor, University of Sindh, Jamshoro decorated the guest speaker with traditional gifts, Sindhi Cap and Ajrak. He also highlighted the achievements of Dr. Ishrat Hussain at World Bank and other International and National forums. He further prayed for his success in future achievements. Dr. Abida Taherani of Sindh Development Studies Center, University of Sindh, Jamshoro, performed the role of comparing. Prof. Ferozuddin Kazi, Dean Faculty of Commerce & Business Administration, offered of vote of thanks. The lecture was attended by Members of the Syndicate, Senate, Academic Council, Deans, Directors, Chairpersons, Faculty, Officers and Research Scholars of Ph.D. and M.Phil.

Bahria Institute Seminar on "e. business"

"Technology has become the driver of Business Strategy the world over; its practical manifestation lies in the conduct of present day 'e-Business", this was stated by Mr. Mohammad Sharif Secretary Education Govt of Sindh while addressing a Seminar titled e-Business "Concepts & Solutions"; held at the Bahria Institute of Management & Computer Sciences, Karachi. The Seminar was organized by the I.T Society of the Institute with a view to develop awareness of students on the issues of business to consumer and business to business commerce, their interdependency and applications over different channels.

Speaking at the Seminar Mr. Furqan Qureshi Vice President IT Department of Citibank stated that modern concepts of on line commerce aim at creating flexible outsourcing alliances between companies to improve costs and customer satisfaction, using a low-cost, pervasive medium like Internet. He emphasized on the need for prospective e-business developers to reorganize, re-deploy and train their assets while focusing on an-aggressive marketing strategy. He illustrated to the students the difference between e-commerce and e-business and the manner in which each could be strengthened to the advantage of the user.

Mr. Ali Khan of Super-net apprise the students of the methodology employed in the new business environment and the factors which can be utilized for reaching new customers and creating new sales channels to win loyalty through innovative and yet secure customer services. He informed that the challenge in e-business today is to eliminate the risk of false identity. Today digital signatures hold the most promise of helping e-business sort the complex issues of identity risk and liability in cyberspace. The ground rules for digital signature network must be carefully spelled out e.g. type of encryption method and who will be the certified authority are some of the important areas to secure e-business transactions.

The last speaker of the Seminar Mr. Bilal Siddiqui spoke on the need for having compulsory computer literacy modules in the curriculum of Business Schools. He was of the view that training in the use of EB applications and introduction of EB literacy courses for different levels of business houses making e-business education should be pre-requisites for induction into high positions of decision making.

In his vote of thanks the Director of the Institute Captain Ahmed Zaheer PN appreciated the efforts of the IT Society in the organizing of the Seminar and thanks the participants for their contributions. In the end Seminar Souvenirs and plaques were distributed to the speakers and organizers of the Seminar.

INTEL INTRODUCES NEW PROCESSORS

Intel Corporation began initial shipments of its next generation Pentium® III Xeon™ processors that deliver new levels of performance to high-end, Intel-based server platforms based on 4- and 8-way multiprocessing.

These latest processors bring a performance boost to the 550 MHz platforms launched in August 1999, based on the Profusion®* 8-way chipset. The new 700 MHz processors are the first "large cache" Pentium III Xeon processors based on Intel's advanced 0.18-micron manufacturing technology, offering 1 or 2 Megabytes (MB) of "on-die" level-two (L2) cache. The 2 MB version integrates a record 140 million transistors on a single microprocessor die. The clock speed increase, along with an enhanced cache design, boosts overall system performance by 13-46 percent**, depending on applications and configurations.

Systems based on these new processors complement Intel's existing 550 MHz processors that power mid-tier and back-end servers within e-Business data centers as well as Internet Service Provider (ISP) and Application Service Provider (ASP) operations. More than a dozen server manufacturers worldwide plan to introduce systems based upon these new processors shortly, with additional introductions in the third quarter.

Oil & Gas conference 2000

Pakistan Oil & Gas Conference 2000 will be held in Islamabad on October 8-10, 2000, to provide an independent forum for free and frank discussions on the policies regarding oil & gas sector of Pakistan.

This two-and-a-half day Conference is aimed at attracting international and local investors from this sector.

Pakistan Oil & Gas Conference is backed by the Ministry of Petroleum & Natural Resources. The Chief Executive of Pakistan, General Pervez Musharraf has been invited to address the concluding session of the Conference. The Minister for Petroleum and Natural Resources, Mr. Usman Aminuddin, and Secretary of the Ministry, Mr. Abdullah Yousuf have already consented to address the Conference and chair some sessions.

The Conference is being organised jointly by The Petroleum Institute of Pakistan (PIP), The Economist Conferences and Mediators (Pvt) Limited. Mediators is the manager of this Conference.

57th Annual General Meeting of Allied Bank

The 57th Annual General Meeting of Allied Bank of Pakistan Ltd. (ABL) was held at a local Hotel in Karachi.

Mr. Rashid M. Chaudhry, President chaired the meeting and was attended by a large number of share holders as well aa Directors of the Bank including Govt. Nominee Director and representatives from the State Bank of Pakistan.

The Audited Accounts of the Company for the year ended 31st December 1999 together with Directors' Report and Auditors' Report thereon were approved and adopted in the meeting.

The key financial indicators of the Company manifested improvement over the previous year. The results are appreciable.

In 1999, the assets of the Bank increased by 20% while the deposits increased by 21%. The advances with major share of private sector also increased by 29%. The pre-tax profit though decreased over the previous year yet since privatisation in September 1991 the Bank's profits have increased at an average growth rate of 73%.

The members expressed full confidence in the management and appreciated their efforts for running the Bank on professional and scientific lines.

CUPOLA PAKISTAN SIGNS CONTRACT WITH MANASEK

Cupola Pakistan Limited and Manasek have signed a contract which makes Cupola the exclusive representative in Pakistan for Manasek, the Dubai-based travel services provider specializing in Hajj and Umrah package tours to the Kingdom of Saudi Arabia from around the world.

The contract signing was announced at a joint press briefing held at a local hotel in Islamabad. Mr. Arshad Anis, CEO, Cupola Pakistan Limited, Mr. Mohamed S. Al Marzougi, Managing Director, Manasek and Mr. Shahid Hafeez, General Manager, Cupola Shaheen Travel (Pvt.) Ltd. addressed the briefing and discussed the benefits of the contract.

According to Arshad Anis, CEO of Cupola Pakistan, the appointment will further strengthen Cupola Pakistan's consumer offering as Cupola already operates the Thomas Cook business in Pakistan. "The addition of Manasek to our line-up will significantly enhance our current travel services offerings to a wider spectrum of the population. We believe that demand for Manasek's unique 'System' for providing specialist tours for Muslims in and out of the Kingdom of Saudi Arabia is ripe for growth, and an agreement of this nature would be one step further towards their commitment to go global."

Manasek is a joint stock company with authorized capital of Dhs. 100 million and the only company of this size in a market, which is otherwise very segmented. According to Mohamed S. Al Marzougi, Manasek has enjoyed rapid growth since its establishment just over two years ago and intends to continue its growth by focusing on providing high quality service. Aiming for ultimate customer satisfaction, Manasek is supported by a sophisticated process, facilities, and automated system to back up its promise of quality delivery.

Improvement of Law and Order Situation Top Priority for Economy Development: Governor Sindh

The Governor Sindh, Mr. Muhammadmian Soomro discussed ways and means of improving the law and order situation in the Nooriabad Industrial Area, with the top brass of the National Bank of Pakistan, in a meeting held recently in Karachi.

Addressing the higher management of the National Bank of Pakistan at the meeting, Mr. Muhammadmian Soomro said that the Nooriabad Industrial Area has a lot of potential for progress and development, however, conditions conducive to economic activity must be created for businessmen and industrialists to return to Nooriabad.

In this regard, he invited suggestions and proposals from the NBP officers to lift the current atmosphere of economic despair from the interior of Sindh, and asked them to channelise resources for the development of rural areas.

ABN Amro Bank and IFC create Trade Enhancement Facility in Pakistan

The Pakistan Trade Enhancement Facility (PTEF) is a US $ 100 million facility to be established by the International Finance Corporation (IFC) and ABN AMRO bank with the objective of expanding trade finance to private sector Pakistani busineses. The facility will initially include six top tier Pakistani Banks, but may be expanded to include other Pakistani banks later on that meet the requisite credit quality standards. IFC will guarantee 50% of the exposure taken by ABN AMRO Bank on the selected Pakistani banks.

The trade enhancement facility will be IFC's first investment in two years in Pakistan. The Chief Representative of IFC in Pakistan, Raymond Chiu, and the Country Manager of ABN AMRO Bank Pakistan, Muhammad Aurangzeb, commented that through this project, both IFC and ABN AMRO Bank will help enhance trade finance flows to the private sector in Pakistan at a time when such finance is urgently needed.

Ever since its inception in Pakistan, ABN AMRO Bank has shown strong commitment and reposed great confidence in the country, having been a forerunner in the development of the financial market and the progress of the corporate and public sectors in the country. In Pakistan ABN AMRO is known to be a premier financial service provider. Its strength lies in providing the highest levels of service to both its consumers and corporate customers.

Engro donates for drought affectees

Pakistan is experiencing the worst drought in it's history. The people of Sindh and Balochistan are badly hit by this natural calamity. To help alleviate the sufferings of the affectees Engro and it's two joint ventures, Engro Asahi Polymer & Chemicals Ltd. and Engro Pakistan Terminal Ltd. alongwith their employees have contributed Rupees Five Lac sixty two thousand only (Rs. 5,62,000).

The amount has been donated to Pakistan Red Crescent Society for providing help in the form of food, medicines and rehabilitation.

Mr. Gulsher Khan, presented the contribution to Mr. Mehar H. Alavi, Chairman, Pakistan Red Crescent Society and offered the voluntary help in the relief work initiated by the PRCS in the affected areas.

United Airlines Acts a step Ahead of Clinton's proposal

Pledging to give 'Average Citizens' the necessary means to save a life, President Clinton last week announced a proposal to require all U.S. commercial aircraft to carry Automatic External Defibrillators (AED). United is currently installing aeds on its entire aircraft fleet.

More than half of the entire united's fleet have already been installed with aeds along with Enhanced Emergency Medical Kits (EEMK). United's goel is to install aeds and kits on its entire fleet by the end of this month (June, 2000).

According to corporate medical director Dr. Gary Kohn, aeds send a shock to the heart and can restore a normal heart rhythm in many cases of cardiac arrest. A computer inside the aed assesses the hearts rhythm and determines whether a shock is needed. The company currently is providing flight attendants advanced training on the defibrillators.