Nov 27 - Dec 03, 2000
Intel: Two new
Intel Corporation unveiled two new Celeron(tm) processors,
its fastest processors ever for desktop value PCs. Intel continues its rapid
value PC market segment innovation, with seven of its eight new Celeron
processors in 2000 based on the company's advanced 0.18-micron manufacturing
technology. Products built on this manufacturing process enable greater speeds,
higher-volume manufacturing and lower overall production costs. Intel remains
the leader in the worldwide value PC market segment, and its Celeron processors
are the second-highest selling PC processors in the world behind the Pentium®
III processor family. PC manufacturers are now announcing systems based on
today's new Celeron 766 and 733 MHz processors, with more system introductions
expected within the next 30 days. "For value-minded consumers, systems
based on Intel's new Celeron processors offer a great way for holiday shoppers
to give the gift of the lnternet at a great price," said Jeff McCrea,
director, Intel Desktop Products Group. "These products bring great new
technology to consumers and help reinforce Intel's leadership in this market
Celeron Processor Product Overview:
Intel Celeron processors feature Internet Streaming SIMD
extensions — advanced microprocessor instructions which combine with faster
CPU speeds to deliver a significant performance boost over previous versions.
The processors also feature 128 KB of on-chip level-two cache with a
high-bandwidth interface to the processor core. This critical interface is the
widest cache communications path in the industry and enables very high
throughput of information from the cache memory to the processor core, resulting
in faster overall processor performance. Intel Celeron processors are produced
using Intel's low-cost FC-PGA (flip-chip pin grid array) packaging and feature a
66 MHz system bus.
New Celeron Processor 733 MHz for Applied Computing
The Celeron processor 733 MHz also will be offered with
extended life-cycle support as the latest addition to Intel's line of embedded
processors and chipsets. In addition, Intel provides hardware and software
support, design tools and development platforms for the applied computing market
segment. Broadening support for the processor makes it a practical solution for
applied computing developers, which utilize high-performance computer technology
in products such as communications equipment, transaction terminals and
industrial devices. The new processor is validated with several chipsets for
maximum scalability, including the Intel® 815, 815E, 810 and 440BX chipsets.
Cathay Pacific and Tenzing demonstrate inflight
Cathay Pacific Airways and leading global Internet Service
Provider Tenzing Communications announced the successful demonstration of
inflight e-mail and Internet technology on a Boeing 747 aircraft. This was the
first demonstration of its kind and included sending a text message and a
digital photograph. The demonstration was held to trial technologies, which will
be used when Cathay Pacific implements inflight e-mail and Intranet service
across its fleet next year.
The demonstration took place on one of Cathay Pacific's
Boeing 747-400s travelling from Seoul to Hong Kong. The first inflight e-mail
was send by Cathay Pacific staff on board to Director and Chief Operating
Officer Philip Chen. It read: "We're up here at 35,000 feet enjoying the
best service in the world." An inflight photograph was attached. From his
office at Hong Kong International Airport, Mr. Chen replied:
"Congratulations to all on board! I look forward to the rollout next year
when more of our passengers can use this new facility."
Acer Computer's Top Executives Visiting Pakistan
The senior management of the world's third largest computer
manufacturer, Acer Computer Ltd. are currently in Pakistan on a short visit.
The outgoing Managing Director of Acer Computer (M.E.) Ltd.,
Mr. Ralph Tang accompanied by Mr. Eric Tien, his successor, are currently
visiting the country, in order to introduce the later to the Pakistani market.
During their visit, they will meet with senior government
officials and Acer's channel partners and customers in Pakistan.
Mr. Eric Tien, who is now the Managing Director of Acer
Computer (M.E.) Ltd., was previously the vice president of its European
operations and Managing Director, Germany. He has been with Acer for the past 8
years and has a wide-ranging experience of the international computer hardware
Shaukat Aziz inaugurates FUCHS Lubricants in
FUCHS Petrolub, the high-performance German technology-based
manufacturers of lubricants for automotive, industrial and specialty
applications, announced the formation of their joint venture in Pakistan, at an
impressive ceremony attended by trade specialists and leading businessmen of the
The Federal Finance Minister, Mr. Shaukat Aziz, was the chief
guest at the occasion, and presided over the signing of the joint venture MOU
between the Alhamrani Group, FUCHS Petrolub Germany and Nasser Brothers, thus
announcing the establishment of a modern and world-class lube oils plant at Port
Qasim near Karachi by FUCHS Oil Pakistan Limited.
FUCHS Petrolub of Germany, the world's largest independent
lubricants company, and the Alhamrani Group of Saudi Arabia, will jointly invest
in the project with Nasser Brothers (Private) Limited, with a first phase
project investment of about US $ 15 million.
SoftGards is an electronic Graduate Directory of MBA MIS 2000
batch. This is an interactive CD-ROM developed by a group of students belonging
to the final semester of MBA MIS. In addition to the Graduate profiles this
electronic Graduate Directory also includes information related to IBA, courses
and course contents taught in MBA MIS, different programs offered by the CCS (Centre
for Computer Studies), facilities provided to the students and a visual tour of
IBA that is a five minutes video covering both the campuses of the Institute of
Business Administration. SoftGrads is developed by Yasar R. Lodi, S. Majid Kazmi
and Rehan Ansari.
In accordance with the long standing tradition at IBA of
keeping the students and the business world abreast with the latest developments
in the field of business and market the Executive Students' Forum Seminar
Society 2000-2001 arranged a seminar entitled "The Role and Significance of
Merchandising in today's Marketing Environment". Mr. Taimur Ali Khan, the
Assistant Seminar Secretary who opened the programme provided a brief overview
of merchandising and its relevance to business. Amongst the guest speakers, Mr.
Ali Haider Merchant provided a comprehensive analysis of merchandising in the
current Pakistani business environment. He was followed by Mr. Ayaz Bukhari and
Mr. Azhar Aqil both of who commented on the broad perspective of merchandising.
Mr. Ali Mustansar and Mr. Ahsen Ahmed followed, both commented on the role of
merchandising for multinational companies. Mr. Burger Abdul Qadir Maulvi
concluded the seminar on behalf of the Director IBA. The seminar was attended by
all the classes of the Executive Students Forum.
World Gold Council
The World Gold Council formally concluded the month-long Gold
Hee Gold jewellery shopping festival, at a bumper draw held at KMC Sports
Complex in Karachi, recently.
The mega event, which was attended by the families of all the
lucky winners, the participating jewellers and the glitterati of the city,
started with the renowned stage actor and comedian, Hanif Raja, in the seat as
compere. Hanif, with his witty comments and funny antics soon had a mammoth
audience of more than 6000 in splits.
The bumper draw for 2 kilos of gold, was conduced by Hanif,
and the 2 kilo gold prize was won by an awe struck Muhammad Khan, holder of
coupon no. 004285, and a resident of Karachi, who could not believe his luck
until he came over, and physically received his prize. Also at the occasion, the
8th lucky winner of the 1 kilo draw, Daniya Rahim, received her prize from the
compere, Hanif Raja.
Following the bumper draw were energetic performances by
Arshad Mehmood, the Shabana sisters, and Ali Haider, all of whom regaled the
audience with their toe tapping beats, and set the tempo for the evening, amidst
waves of thunderous applause.
Kodak Surprise Gift Scheme
Recently this year, Kodak Ltd. Pakistan, introduced a unique
scheme for the dealers of the local photograph industry. It was teasingly called
the Kodak Surprise Gift Scheme.
The 'surprise gifts' were actually a host of expensive gold
prizes, given to the dealers through the scheme and distributed under eight
different stock-selling categories.
Thanks to the nature and the ultimate success of the scheme,
it helped build greater trust and brand-loyalty among the dealers regarding
Kodak products. The lucky dealers were later awarded attractive gold prizes at a
series of colourful functions held separately in Karachi, Lahore and Rawalpindi.
ASKARI BANK'S UN MATCHED PRODUCT LINE
Askari Commercial Bank Ltd. offers a highly flexible and
unique product line aimed at catering to a diverse set of needs in different
market segments. The Bank has been very active in the financing of foreign trade
business and handled imports, exports business of more than Rs. 40 billion last
year. On the corporate and merchant banking side, Askari Bank has recently
become quite active and with the commissioning of a new and dedicated Merchant
& Corporate Banking Division set-up within the Bank, last year, the business
volumes in this area have soared up to Rs. 6 billion.
The Bank offers various deposit schemes, as
Askari Special Deposit
Rs. 50,000/-to Rs. 499,999/-
Rs. 500,000/-to Rs.
Rs. 5,000,000/-to Rs. l9,999,999/-
Rs. 20,000,000/-and above
Askari Faida Account
Rs. 46,000/-to Rs. 499,999/-
Rs. 500,000/-to Rs.
Rs. 5,000,000/-and above
Rs. 10,001/-to Rs.
Rs. 25,001/-and above
* indicative profit rates till December 2000
Recently the Bank has embarked upon a fully structured Retail
Banking Business program, in order to cater to this market segment more
effectively and in a focused manner. The products which are being offered under
this program are categorized in two areas namely, the Investment Products
Business and the Asset / Loan Products Business. Recently a new investment
product has been launched by the Bank for retail investors under the brand name
"Askari Bank's Value Plus". This is a unique investment opportunity,
promising greater financial freedom for the depositor. Account is offered in two
categories i.e. Savings/checking facility with handsome monthly returns
(indicative rate is up to 8.5% p.a. under the PLS rules) and time deposit
facility with choice tenors of 3 months, 6 months and 1 year. The time deposit
comes with premature partial encashment facility in multiples of Rs. 25,000/-.
The partially encashed blocks are also eligible for profit on completed tenor,
while the remaining investment can continue with the original maturity and
indicative return. The account can be opened with a minimum investment of Rs.
10,000/-. Among value additions are the free ATM card, to be issued in golden
color which besides giving nation-wide ATM access to the account holder, can
also be used to avail lucrative shopping discounts at selected merchant outlets
in major cities of Pakistan. There is an optional insurance cover plan available
to the customers of "Askari Bank's Value Plus" account whereby the
account holder is insured upto 4 times the average balance in the account for
the last completed month, for all sorts of accidental permanent total
disabilities and accidental death. The insurance cover is applicable 24-hours
and is world wide, at a very nominal premium.
Very soon other products like rupee travelers cheques,
personal loans and small business loans shall be added to the above mentioned
product line to keep the Retail Banking Program as diverse and flexible as
possible. It is important to mention here that the Askari Bank's Master Card
facility has already been available to Bank's customers for the last 4 years.