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Oct 02 - 08, 2000


Cathay Pacific Airways signed a new codeshare agreement with Turkish Airlines covering Cathay Pacific's flights between Hong Kong and Istanbul. Under the new agreement, Turkish Airlines will place its designator code on Cathay Pacific's two services a week between the two cities. The airlines will each sell a proportion of the seats on the aircraft. Subject to government approval, the codeshare will commence with the start of Cathay Pacific's new Winter Schedule on 29 October.

A ceremony for the codeshare agreement took place in Istanbul. Signing the agreement were Cathay Pacific's Director and Chief Operating Officer Philip Chen, and Turkish Airlines' Executive Vice President Commercial Gurol Yuksel. A number of senior executives from each of the airlines also attended.

To coincide with the start of the new codeshare, Cathay Pacific's flights between Hong Kong and Istanbul will also have improved departure times from both cities. These new times will help increase the number of onward connections. Details of the flights with the new departure times are as follows:









Hong Kong



6:15am next day





Hong Kong

8:00am next day

Mr Chen said: "We are very pleased to enter into this new codeshare agreement with Turkish Airlines. We are confident that by working together we can further increase the popularity of this service, and enhance the growing links between Turkey and Hong Kong. "

Cathay Pacific commenced flights to Istanbul in August 1998. The flights have proven increasingly popular with residents from both Hong Kong and Turkey. Cathay Pacific operates the route using its Airbus Industrie A340-300s which carry 249 passengers in three classes.

Turkish Airlines operates a fleet of 72 aircraft and flies to four continents. The airline is based at the newly opened Ataturk International Airport in Istanbul. With the start of the codeshare, Hong Kong will become the airline's 79th destination.


In order to promote information technology in the country, the Computer Society of Pakistan organizes many activities, including seminars, conferences, courses and annual IT exhibitions. In keeping with its objectives and realizing the vitally important role played by software, including the tremendous potential for export, we have been promoting quality software development at all levels.

As a step in this direction, the Society has encouraged students under 17-years of age to take part in national and international software competitions. Over the past years we have sponsored more than 40-students to compete in international competition held in Singapore, Indonesia, Philippines, Malaysia, Hong Kong, Karachi, Srilanka and Thailand. The purpose of these competitions is to encourage our young men and women to take up software development as a profession and expose them to what is happening around the world.

The next software competition is scheduled to be held in Manila-Philippine in last week of November, 2000, as part of the SEARCC-2000 Conference and Exhibition. The Computer Society of Pakistan plan to send six students (two teams of 3-students each) and a chaperon to take part in this competition. The students will be selected on the basis of a National Software Competition, the preliminaries of which will be held on 30th of September 2000 in Karachi, Islamabad, Lahore and Peshawar simultaneously in collaboration with NCR Corporation. The last date for registration for students under 17-years of age (i.e. born on or after 01.01.82) is 23rd of September 2000. The Software Competition will be in Qbasic.

The Computer Society of Pakistan is organizing this event to uplift the Information Technology in the country. The requirement of the day is to boost the country financially and it can only be possible if IT is promoted from all the possible corners. Your cooperation and help in this regard is to publish news for this event, so that the society can be able to select genius students of the country for the International Software Competition i.e. in Manila. It can up lift the image of Pakistan in the world.

Philips LightFrame™ — A Revolutionary Monitor!

Philips Brings Bright and Razor-Sharp Internet Images with Revolutionary LightFrame™ Technology. Soon to be available in Pakistan.

From pioneering CD to voice recognition technology, Philips, the European market leader in monitors, delivers yet another breakthrough invention — the Philips Lightframe monitor. With a unique hardware/software combination, which sets it apart from all other monitors, it brings razor-sharp and brighter images to your computer, so that watching your favourite video and photos on the Internet becomes even more enjoyable.

Available only from Philips, the exclusive patented LightFrame™ feature bridges the border between computer and television applications. Until Philips tackled the problem, attempts to bring TV-quality display of video or photos to the monitor invariably led to performance degradation in 'traditional' computer applications — like spreadsheet and word processing tasks. LightFrame lets the consumers have the best of both worlds on one monitor.

Increasingly web pages carry video and photographic content while film and photo files are being distributed by e-mail. But when these are played on home PCs, they tend to appear lifeless and flat. Wth Philips' LightFrame technology, pictures and images appear bright, clear and razor sharp — the way they should be.

Revolutionary and unique, the LightFrame™ hardware/software package works in tandem to boost the brightness and sharpness of a monitor's video signal where — and only where — a user wants stepped-up performance for viewing movies or photos. LightFrame™ can be launched in a single window or — when viewing, for example, an Internet page — in a screen area. LightFrame will be a standard feature in most new Philips 2000/2001 monitors and will be launched in mid-October in Pakistan in 15" and 17" screen sizes.

LightFrame™ works with Windows 95/98/NT4.0/2000 and Mac OS 8/9 operating systems. Easy-to-install multilingual software comes on a disk that accompanies each monitor. The disc also contains the monitor's Electronic User's Manual and a demonstration program.

Deutsche Bank's Global Cash Management Head Visiting Pakistan

Mr. Jimmy Yap, Asia Pacific Head, Global Cash Management, Deutsche Bank AG, is visiting Pakistan from September 27, 2000 to September 30, 2000. He will be participating in Deutsche Bank's "e-Commerce" seminar and other related events and the launching of the Internet version of the Bank's electronic banking system "DB-Direct".

Weekly NIT Unit Sale & Repurchase Prices

Following were the daily Sale/Repurchase prices for the week ended Friday, September 22, 2000.


Sale Price

Repurchase Price






















"NIT has announced dividend of Paisa 55 per unit. The sale and repurchase of NIT units will, therefore, remain suspended till 30th September, 2000".

Deutsche Bank sees Cash management Challenges in e-Commerce arena

Deutsche Bank hosted an event to discuss current cash management trends and challenges faced by corporates in Pakistan. It was noted that these issues in the Cash Management eCommerce arena are significant, particularly against a backdrop of forecast spending of US$ 910 billion on Asia Pacific eB2Bs in 2004.

"As technology continues to evolve and create new ways of doing business, web enablement presents both opportunities and risks for cash management services. Cash management banks have to provide real value into the business models of their customers which have continued to focus on shareholder value," said Jimmy Yap, Asia Pacific Head for Global Cash Management for Corporates.

Yap added that in anticipating these requirements, Deutsche Bank had already web-enabled its then Windows-based db-direct electronic banking platform in 1998. He said that this will give the customer more choices depending on their business strategy, as Deutsche Bank will continue to support the Windows-based system as customers migrate to db-direct Internet.

"The issue of choice and trust has also strongly influenced Deutsche Bank's cash management approach towards eCommerce. The provision of bank-neutral cash management solutions complemented with a strong security layer is what customers have come to expect of us and to which we have responded," Yap said.

Deutsche Bank has recently increased the amount of capital it invests in its Pakistan operations by more than 44 per cent. The capital invested in Pakistan has now increased to DEM41 million. This increase allows the Bank to continue providing world-class services to its key clients and the strength to offer them a broad spectrum of products from a capital-efficient position.

Deutsche Bank commenced operations in Pakistan almost 40 years ago. Today, it ranks among the leading foreign banks in the country, providing financial solutions for multinationals, large local corporates, financial institutions and private banking clients through its Karachi, Lahore and Islamabad branches. Deutsche Bank currently employs more than 125 staff in Pakistan.

Deutsche Bank Group is the leading bank in the Euro-region and one of the largest banks in the world by assets. It was chosen as the Best Bank in the world by Euromoney in 2000 as well as the Best Foreign Exchange Bank. Deutsche Bank was, in addition, voted as the number one Investment Bank for Capital Raising by the Euromoney Global Financing Poll 2000. The Bank also claimed the top spot in Euromoney's Poll of Polls in January 2000.


Intel Corporation introduced new mobile Pentium® III processors with Intel® SpeedStep™ technology that bring higher performance and optimum battery life to mobile PCs. The world's leading PC manufacturers are introducing full size as well as 'thin and light" notebooks based on the new Intel processors, delivering as much as five to six hours of battery life depending on system configuration.

Intel Speed Step technology is the industry's first dynamic frequency and voltage scaling technology, automatically detecting whether the user is on AC power or battery power to deliver the optimum balance between performance and battery life. The new mobile Pentium III processor 850 MHz featuring Intel SpeedStep technology runs at 1.65 volts in Maximum Performance Mode and automatically drops to 1.35 volts and 700 MHz in Battery Optimized Mode. The mobile Pentium III processor 800 MHz with Intel SpeedStep technology runs at 1.65 volts in Maximum Performance Mode and autoinatically drops to 1.35 volts and 650 MHz in Battery Optimized Mode. Both consume less than two watts of power to enable longer battery life.

The company also hitroduced a mobile Intel® Celeron™ processor at 700 MHz, the top-performing processor for value mobile PCs. All three processors are available immediately.

'The world's leading PC manufacturers are using Intel mobile technology to provide users with the best combination of high performance and battery life for today's advanced PC and Internet software," said Don MacDonald, marketing director at Intel's Mobile Platforms Group. "Intel SpeedStep technology is helping PC makers deliver near desktop-equivalent performance in smaller, lighter mobile PCs that run longer."

The new processors also take advantage of Intel's QuickStart technology, which automatically places the processor in a power-saving mode of below one-half watt when full performance is not required — such as between key strokes — and instantly returns to full performance when needed.


Following the recent acquisition of ANZ Grindlays Bank and its associated Private Banking business on July 31st, 2000, Standard Chartered Group formally announced the name change of ANZ Grindlays in Pakistan to Standard Chartered Grindlays Bank Ltd. To celebrate the re-branding of Grindlays branches, Mr. Azhar Hamid, Senior Group Representative, Standard Chartered Pakistan and Chief Executive, Standard Chartered Grindlays Bank unveiled the new signage at its Main branch in Karachi on September 25, 2000.

Speaking at ceremony, Mr. Hamid commented: "Together Standard Chartered and Standard Chartered Grindlays represent the leading international banking business in Pakistan. The two businesses will continue to operate separately for a period of about 18 months, with progressive integration during this period. Today's name change confirms our commitment to maintain the highest standard of service to our customers and further endorses Standard Chartered's long-term commitment to Pakistan."

At the same time across Standard Chartered Grindlays' 14 other branches in Pakistan, staff got together to celebrate the beginning of a new era.



The nostalgia at lush green grass of IBA University Campus on Saturday night has once again fascinated the guests by recalling the memories. IBA has organized an ALUMNI dinner at its University Campus to gather its passed out graduates to share their experiences and memories with the students.

The first batch of MBA from IBA had graduated in 1957. During last 43 years IBA has offered many MBA programmes like Banking, Evening Executive, IT, PhD, PGD and the most recently introduced MFS programme. On that occasion a congregation of old and new students at IBA gathered.

The programme started at 7:30 pm sharp as the tradition of IBA, to give priority to punctuality first. Dr. Zafar H Zaidi, Director IBA and Vice Chancellor University of Karachi, welcomed the guests to the evening. Dr I.A Mukhtar, first director IBA was the chief guest of the evening. He proudly shared his views being the first director of IBA. He also acknowledged the role of IBA's Alumni Society for the progress of Institute. He wished all the success for the future journey of IBA.

Other prominent speakers were Danishmand, Chairman & Chief Executive Pak Suzuki Motorcycle company, Mr Tahir Sachak, Managing Director EFU and Liaqat Durrani, Chief Manager Personnel State Bank of Pakistan. All the speakers showed their association with IBA and wished for IBA as a world class school in Business Administration.

A very interesting section of the night was sharing the e-mails of outstation graduates of IBA, read out by MFS student which showed their harmony and belongins with IBA. Rhythm of renowned singer Shakeela Kharasani in the Ghazal time has created the blend of singing for the audience. A lavish dinner has ended a memorable night with all its colours.

The evening was organized by the joint efforts of MFS, BITS, BASC and ESF clubs. The Alumni managers of different forums, Sabrina Sajjad(MFS/Banking), Khalid Iqbal Siddiqui(ESF), Ahmad Ali(BITS) and M.A Chawla(BASC) were the organizers and welcomed all the alumni and guests in the evening. Finally plaques were given away among the speakers and organizers by Zafar Zaidi.