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Mar 12 - 25, 2001

New Country Chairman and MD of Shell

Mr. David M. Weston, currently Chairman and Managing Director of Shell Pakistan Limited will move to London to a senior position as head of Shell's Global Aviation Business early next month. He came to Pakistan in June 1999.

Mr. Weston will be replaced by Mr. Farooq Rahmatullah, who is currently Director Operations, Shell Pakistan Limited and Director, Pakistan Refinery Limited. Mr. Rahmatullah will take over as Country Chairman and Managing Director of Shell Pakistan Limited with effect from 9th April 2001.

Born in 1944, Mr. Farooq Rahmatullah joined the company on 1st March 1968 after graduating with a Law degree from Peshawar University. He brings with him wide experience, knowledge and expertise within the Industry, particularly in Pakistan. He has held various jobs in the company during his career. These include Retail, HR, Chemicals, Distribution, Supply and Transport and Lubricant, From 1996 to 1998 he spent three years with in the UK as Manager in Business & Strategy Division of Shell International Petroleum Company, London. Mr. Farooq Rahmatullah takes over the business at a time when the industry is going through radical changes in the form of deregulation.

Cost and Benefits of National Tax Survey

The Central Board of Revenue (CBR) is optimistic of meeting the revenue target this year irrespective of 'not encouraging results' of the ongoing tax survey. This was said by Mohammad Ramzan Bhatti, Collectors of Sales Tax (East and West) at a seminar on "Cost and Benefits of National Tax Survey" organized by Finance Students Forum of Newport University. Bhatti admitted that they were not revolutionaries who could bring an overnight change in revenue collection, and said that by educating people a voluntary compliance to tax regime could be witnessed. The need for launch of tax survey was felt after various tax schemes had failed miserably.

Earlier, Asad Mustafa introduced the University and spoke about the efforts of Finance Students Forum. Newport University is a private institution based at Newport Beach California. It started its operations in Karachi in November 1993.

Wasful Hasan Siddiqui, a Sales Tax Consultant talked about the merits and demerits of the Scheme. He criticized the government for deviating from its stance that no previous record would be questioned. The Chief Guest, Shahzada Shaikh, Additional Chief Secretary of Government of Sindh said that there should be no compromise on payment of tax, but the irritants and difficulties being faced by tax payers should be removed.

ITCN Asia 2001: City of Karachi Prepares to Organize Region's Largest IT event

The city of Karachi, intended to become the region's IT hub, is preparing to organize one of the largest IT events in this part of the world with the start of ITCN Asia 2001 from March 24 - 26, 2001 at the Expo Center.

A number of organizations and individuals, experts in their respective fields, and also the local administration are making an all-out effort to put together a grand show to welcome delegates from abroad and all over Pakistan.

"Karachi is a bustling and thriving city offering excellent opportunities to international companies to set up their businesses here; it has a high quality of talented human resource" said Hafeez Sheikh, Sindh Finance Minister and also Chairman, Sindh IT Board, which is hosting the ITCN Asia 2001.

Dr. Khursheed Nizam of Jamal's Yellow Pages, one of the principal organizers of the event is spearheading the operations at the ITCN Asia 2001 and was of the view that final arrangements are being made to ensure that the event is nothing short of an international experience for all participants.

Mr. David Hwang, Deputy Chief Executive of Ecommerce Gateway Pte Limited, who are also one of the organizers of the event was happy with the planning of the event so far and endorsed his company's commitment to attract the region's key IT players and companies to take part in the ITCN Asia 2001.

The ITCN Asia 2001 one of the region's largest IT event designed to be a one-stop meeting place for trade matching of the global and regional IT players with decision makers from business and government sectors. Prominent IT companies, professionals and delegates from the regional governments and private sectors, as well as media from all over the world are expected to converge in Karachi to attend the exhibition and 2-day conference.

Asiatic Goes Multinational

Asiatic Advertising Private Limited, one of the leading advertising agencies in Pakistan, has now become the first Pakistani multi-national advertising agency with 100 per cent equity investment by J. Walter Thompson and WPP, till recently its advertising affiliate. The company will now be known as J. Walter Thompson Asiatic Private Limited.

"The new agency will have access to a wealth of experience in advertising and communications possessed by the JWT worldwide network," said Mr. Miles Colebrook, Group President, J. Walter Thompson International, while announcing the re-launch of the agency. "We will make significant investments in manpower training which will help JWT Asiatic to further upgrade its creative standards and approach to planning advertising. The future generations in JWT will be pleased we made this move" he continued.

"The economy of Pakistan has tremendous potential and the prospects of more foreign investments is bright, which will ultimately generate more business revenue and more advertising opportunity," Mr. Colebrook added.

Established in 1963, Asiatic started on a small note with just five staff members. Over the years the agency partnership grew under the leadership of Mr. Anwar Rammal, ably supported by Mr. F.H. Punthakey and Mr. Ghayasuddin Sheikh and soon reached super league cadre of the advertising industry in Pakistan winning several local and international awards. Asiatic signed its affiliation agreement with JWT in 1989 and branched off into Lahore in 1996.

J. Walter Thompson, an agency in the WPP Group, plc, has worldwide billings of US $10.6 billion and offices in 90 countries. It ranks as the fourth largest advertising network in the world and the second largest in the USA.

FedEx Annual Gala Dinner

Once again FedEx GSP-Pakistan has dazzled the world of commitment. On 24th February 2001, FedEx GSP-Pakistan had its Annual Gala Dinner, in lieu of 12th Anniversary celebrations at Marriott Hotel. Top delegates from their regional head office in Dubai flew in to make this occasion memorable for years to come. The event reflected the corporate image of FedEx with the thematic of corporate colours and was attended by various dignitaries from prestigious organizations. The event was graced by speeches from Mr. Arshad Hussain, General Manager FedEx GSP - Pakistan, Mr. Akram Ali, Managing Director FedEx GSP - Pakistan and by Mr. Hamdi Osman, Vice President Middle East, Indian Sub continents & Sub-Sahara Africa, followed by a lavish dinner and a star studded musical evening. The ambiance of the event was something that will be remembered for a long time.