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Sep 25 - Oct 01, 2000

Sysnet Distribution Services (Private) Ltd. Appointed Distributors and Education Partners by Citrix Systems

Sysnet Distribution Services (Private) Limited - "SDS", one of Pakistan's leading Information Technology Distributors were recently appointed as the national distributors and its sister company Sysnet Education (Private) Limited will become the education partners of Citrix Systems Asia Pacific Pte Ltd. An agreement to this effect was recently signed between the two companies in Karachi.

This appointment is a quantum leap in the development of Pakistan's fledgling IT industry, as it will allow IT users and students in Pakistan to the latest in Server Based Computing and IT training & education.

Speaking at the signing ceremony, Mr. Masood Ali Khan, General Manager. Sysnet Distribution (Pvt.) Ltd., commented, "SDS is a one-stop solution for IT hardware and software distribution in Pakistan. Staffed with a strong and professional management team, we deliver the world's leading brands in IT to our customers nationwide. With the addition of Citrix, we will be making available yet another world class brand to meet Pakistan's rising IT challenges".

Algorythem Has Started Its Operations For Pakistani Organizations

In Sept.2000, Algorythem Consulting, a strategic e-business consulting firm, has started its operations in Pakistan to provide robust and advance e-business solutions.

Catering several projects from Europe as Application Service Provider, Algorythem now formally launched to cater the upcoming needs of Pakistani Organizations.

"The rising awareness of the users and recent government policies will give an injection to the growth model within the country" says Yasir Ghaffar, Assistant Business Analyst at Algorythem.

Algorythem uses a highly professional and unique e-solutions development process that enables organization to effectively manage the time and complete the project within allocated budget.

"Cost of software is heavily dependent on the process of its time management. Applications normally incur losses due to delays. We also need to follow some designed procedures for software process development in Pakistan, says Irfan Burney-Head Domestic Operation and Business Analyst.

Algorythem believes in growth of IT through sharing the expertise & knowledge and invites software consultants to visit w\hw.algorythem.com for understanding the global standards and e-solutions development processes.

A web library has been set up at www algorythem com for IT professionals to understand the value creation and development process for their customers. Several Algorythem white papers are there to provide directions to form a better e-Pakistan on world map

For more information mail@algorythem.com

Web Site: www.algorythem.com

E-mail: mail@algorythem.com

EMIRATES VOTED WORLD'S BEST LONG-HAUL BUSINESS AIRLINE

Emirates has been voted the World's Best Long-Haul Business Airline, by readers of the prestigious travel magazine, Conde Nast Traveller.

In its citation, the Readers' Travel Awards 2000 noted: "Emirates deserves pole position for its punctuality/efficiency, pre- and post-flight facilities, catering and the best in-flight entertainment."

The international airline of the United Arab Emirates was joined on the podium by Virgin Atlantic and Singapore Airlines, who came second and third, respectively.

Emirates was also placed ninth in the "Best of the Best" Top 100, based on the overall percentage of readers' satisfaction with facilities of service companies such as hotels, car rental, cruise liners, airlines, etc. Emirates was the only airline in the top 30.

Readers' replies were collated and analysed by an independent market research company.

The awards ceremony was held at London's Victoria and Albert Museum, compered Manchester by top British Comedian Griff Rhys Jones. Vic Sheppard, Emirates Sales Manager UK and Ireland, who received the top award from Sarah Miller, Editor of Conde Nast Traveller, said: "We are delighted to be recognised in this way, by the customers endorsing our efforts to continually redefine the quality of experience that they enjoy."

Emirates currently operates five services a day from the UK to Dubai, three daily from Heathrow and one each day from Gatwick and Manchester it will add a sixth daily connection to Dubai, from Birmingham, on December 18.

Emirates has won over 190 awards in its short, 15-year existence and earlier this year was named Airline of the Year by the Official Airline Guide (OAG) and by Air Cargo News.

Karachi Sheraton presents Alchemy by Amin Gulgee

Karachi Sheraton Hotel & Towers, as a part of ArtFest 2000 presents Alchemy by Amin Gulgee in the Darbar Hall on September 26. This show is all about the elasticity of metal and the forms it can be displayed in, with sculpture and jewelry on the catwalk. Top models of the industry, adorned in Sonia Batla's exquisite designs, will show on the runway the work that will be statements about the power of Amin Gulgee's imagination and dreams translated into forms and shapes of metal, produced by Pomme Shahbaz.

The evening will be divided into three parts, beginning with the Bronze Age. In this section, focus will be on sculpture. Model will carry and interact with bronze. The second section will be the age of silver. Silver will adorn the model not only as jewelry but also as armor, and finally the show will close on gold. This will be the culmination of the alchemic process and a celebration of a metal that is a profound part of the psyche of the subcontinent.

MCB's new offer

Muslim Commercial Bank has decided to offer concessional rate of marke-up for Running Finance loans against Defence Saving Certificates/Special Saving Certificates or other government securities under its 'Instant Finance Scheme'.

The Bank had introduced the 'Instant Finance Scheme' little over two years back which has gained immense popularity with its customers. At that time the mark-up of running finance facility was fixed at 18% per annum, but within a short span of two years, MCB has lowered its mark-up rate significantly for its account-holders.

As account-holder of MCB can obtain credit upto 75% of the encashment value of Defence Saving Certificates/Special Saving Certificates on the date of sanction of the facility, in the shortest possible time now, under the scheme. This facility is available to both old and new customers of the Bank.

In order to ensure the disbursement of this running finance facility expeditiously, sanctioning authorities to various MCB Bank officers have been specially specified for the prompt operation of the scheme. The Branch Manager can instantly sanction Running Finance loans upto Rupees one million, a Chief Manager upto Rupees two million, a Regional Manager upto Rupees three million and the General Manager upto Rupees five million.

Muslim Commercial Bank is a leading private bank of Pakistan and has over 1200 branches and 4.5 million account-holders spread all over the country. For the year 1999 MCB earned a Pre-Tax profit of Rs. 1.21 billion and gave 10% Bonus Shares and 15% cash Dividend to its share-holders.

Haroon Basheer — new VP at Citibank

Citibank N.A. Pakistan is pleased to announce the appointment of Haroon Basheer as Vice President & Country Business Manager, Global Consumer Banking.

Haroon brings with him over 30 years multifaceted experience in General Management, Banking and Marketing having worked in leading FMCG companies and Financial Services Institutions. He has spent over 12 years in American Express, where he was Vice President/Country General Manager for Pakistan, Bangladesh and Sri Lanka. During the last three years he was working for Muslim Commercial Bank where he joined as Executive Director and Country Head of Consumer Banking and was currently looking after Consumer Banking, Overseas Operations, Information Technology and Training.

Haroon is an active member of the Corporate community and has held the position of President, Management Association for Pakistan for two years, has been elected President, Marketing Association of Pakistan for three terms and is an Honorary Life Member of the MAP. He is a Rotarian and has served the Special Olympics Pakistan Chapter as Honorary Treasurer.

Haroon replaces Nadeem Hussain, who after successfully spearheading the Global Consumer Business in Pakistan for five years has relocated to the US and will be working for Primerica a Citigroup subsidiary.

Inbox Business Technologies

Inbox Business Technologies, a newly incorporated solution provider has achieved the coveted status of being the first Intel® Premier Provider in Pakistan. Inbox Business Technologies will soon be launching its brand of personal computers along with a wide range of networking products.

The Intel® Premier Provider program represents the best of the best in Intel's sales and influencer channels. This program is designed to promote an enhanced relationship between Intel and solution providers who belong to Intel e-business Network, including service providers, system builders, and network integrators. An Intel® Premier Provider must have at least two Intel Certified Engineers ("ICE") and in the case of Inbox Business Technologies, it has four ICE savvy in Platform Integration and Solution Consultancy, which includes desktops and servers.

"Being an Intel® Premier Provider, we have an edge over competition in terms of providing industry-leading enterprise computing solutions, fault tolerant business critical solutions and communication products, commercial desktops, mobile and consumer PC's", said Ghias Khan, Chief Executive, Inbox Business Technologies. "Technology solutions and after sales service that we offer will be par excellence as our engineers are qualified and certified to integrate and support infrastructure based on Intel Architecture", he further added.

"Intel believes in facilitating a network which provides exceptional customer services and the latest technology. We appreciate Inbox Business Technologies initiative to establish itself as the first Intel® Premier Provider in the country", said Sophia Chew, Director, Sales & Marketing, Channel & Distribution, Intel Asia Pacific.

Inbox Business Technologies is a newly established solution provider and the only company in the country with an Intel Premier Provider status. The Company offers a wide range of locally assembled products along the lines of international standards at competitive rates.

Rupee Traveler Cheque

MCB — RTC sale crossed 100 billion Mark — tele-verification: A new facility

The sale of Rupee Traveler Cheques by Muslim Commercial Bank through its over 1200 branches located all over the country during the current calendar year cross Rs. 100 billion mark.

This was disclosed by Mr. Aftab Manzoor, President of MCB, while inaugurating the 'Televerification System' of Rupees Traveler Cheques in Lahore on Friday morning. In the corresponding period during 1999, at this time of the year, the sale of RTCs was Rs. 61.8 billion. As such the sale during the current calendar year has gone up by a handsome 63%. Mr. Fida Ali Sabz Ali, EVP and Divisional Head RTC Marketing informed the President that the bank has now fixed a target of sale of RTCs for the year 2000 to unprecedented Rs. 140 billion and he expressed his confidence of achieving it with the grace of God. Mr. Aftab Manzoor, President, congratulated the staff of various branches for their untiring efforts in the sale of RTCs.

MCB RTCs have been undisputed market leaders for past seven years in Pakistan. These have proved to be the safest and the most convenient substitute for cash for all kinds of purchases, business operations, property and trade transactions. These were available in denominations of Rs. 100,000/-, Rs. 50,000/-, Rs. 25,000/- Rs. 10,000/-, and Rs. 1000/-. A foreign bank ABN Amro and three private banks i.e. Gulf Commercial Bank, Al-Faysal Bank Limited and Bank Al-Habib are now using MCB Rupee Traveler Cheques in their operations.

Televerification Facility: MCB the largest private bank in Pakistan, has now pioneered the installation of 'Televerification System' of RTCs, had started this service in Karachi and now introduced it to Lahore to be followed by 10 other major cities of Pakistan, in order to safe-guard the interest of its customers. The newly introduced computerized system is one of the most modern in the country and gives the latest information about the lost or stolen Rupee Traveler Cheques on a 24-hour basis via telephone or fax.

MCB is the first and only Bank in Pakistan to provide their Tele-verification facility to its RTC customers. It enables the customer to check the validity of each and every cheque received during the transaction thus eliminating chances of any fraud and ensuring its security.

Mr. Aftab Manzoor, President MCB, inaugurated the Tele-verification facility operation center which is located in the Nila Gumbad branch Lahore of MCB. Among those present on the occasion included Mr. Imdad Hussain Butt, Head of Commercial Banking (North), Syed Iktedar, Head of Corporate Banking, Mr. Fida Ali Sabz Ali, Head of the MCB RTC Markeing services and other senior officials.

Indus motor company Ltd.

A review meeting of the Board of Directors of Indus Motor Company Limited was held at their office at Port Qasim. The company declared a cash dividend of 15%, based on a pre-tax profit of Rs 280 million and after tax profit of Rs. 172 million while Government revenues during the same period in the form of sales tax, income tax, custom and other duties amounted to approx. Rs. 2.8 billion.

The Board noted with satisfaction that the Daihatsu Cuore — a quality compact car, launched in April, this year has been well received by the customers for its high quality and overall performance. Moreover, the Company's market leadership in the Corolla and Hilux vehicle range was maintained.

Country wide dealership network expanded from 17 to 27 outlets thus offering a wider coverage to our customers and improved after sales care to both Daihatsu and Toyota clientele.

The meeting was attended by Mr. T. Uranishi - Director Toyota Motor Corporation and Mr. M. Kato - Senior Managing Director Toyota Tsusho Corporation and other members of the Board. The Board of Directors thanked the Government for the support extended to the industry and consistent policies which helped the company to achieve its deletion targets. A challenging target of 44% deletion was achieved in the Daihatsu Cuore.

The company's commitment to social welfare projects was reviewed and future plans to maintain company's support to deserving projects was finalized.