Apr 30 - May 06, 2001
New Public Relations Manager at the Karachi
Ms. Samra Muslim has recently been appointed as the new
Public Relations Manager at the Karachi Sheraton Hotel & Towers. Ms. Muslim
has been with the Karachi Sheraton for more than one year and takes over from
Miss Sajida Bandukwala who has left the industry to pursue other interests.
As the PR Manager at the Karachi Sheraton Hotel & Towers,
Ms. Muslim will be responsible for planning, directing, controlling, and
participating in all advertising and public relations activities as well as
supporting the hotel's overall sales and marketing program. She will also be
responsible for effectively and accurately maintaining the prestigious image of
PACRA maintains entity ratings of KASB
The Pakistan Credit Rating Agency (PACRA) has maintained
entity ratings of Khadim Ali Shah Bukhari & Co. Limited at "A"
(single A) for long-term and "A1" (A one) for short-term. The assigned
ratings denote a high credit quality with low expectation of credit risk and a
strong capacity for timely payment of financial obligations. These ratings are
applicable to the senior unsecured creditors of the company.
While assigning the ratings, PACRA has taken due note of the
substantial expansion of equity base that has resulted in increased risk
absorption capacity of the company and enhanced the cushion for unsecured
Asif Sheikh Javaid nominated on FPCCI committee
Asif Sheikh Javaid, Director Export Processing Zones
Investors' Council (EPZIC) and Chief Executive M/S. East West Enterprises has
been nominated as Member of Export Processing & Free Zones Committee
(EP&FZ) of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI).
This standing committee has been recently constituted by FPCCI to prepare
proposals and recommendations for the betterment of existing and new zones in
the country. The said committee will also find out the reasons due to which
Karachi Export Processing Zone (KEPZ) could not emerge as a model zone even
after passing more than two decades of its launching.
Asif urged upon the concerned authorities to put KEPZ on top
of their priority list. He said that concrete steps be taken immediately to
rectify the problems being faced by KEPZ investors and to make it a model zone
for the world of investment. KEPZ has failed to retain its investors especially
in the last couple of years and could not compete with other zones in the region
including Sri Lanka, Jordan and even Bangladesh Zones, he added. Withdrawal of
Sales Tax on KEPZ investors and establishment of Cash Counters within KEPZ banks
will help minimize the anxiety amongst investors, he was confident. He said that
investors are now hopeful that the new chairman will give his maximum time to
KEPZ and will be available to them.
Asif who is a young business entrepreneur, is also an amateur
flyer. He actively takes part in Trade Body activities. He is also a member of
Taxation sub-committee of KCCI. Asif had been serving as Director National
Shipping Council beside other social forums.
ASJ hoped that EP&FZ committee will make effective
proposals for the good of the only existing and new zones in the country and
will go a long way in helping concerned government institutions and agencies in
developing viable new EP & FZs.
MOBILINK third Customer Service Center in Karachi
Mr. Al F. Barry, President & CEO Mobilink GSM,
inaugurated Mobilink's owned & operated state of the art Customer Service
Center located at Awami Markaz-Karachi. The new Customer Service Center offers
one window operation to Mobilink customers, i.e. Rapid Action Counters for new
connections, Bill payments, handset sale & Club-300 benefits.
Mr. Al F. Barry speaking at the occasion said, "Mobilink
GSM today, due to the overwhelming support of its customers, is the foremost
& most preferred cellular company in Pakistan with 250,000 of customers
& maximum number of Customer Service Centers nationwide. The inauguration of
this center at Awami Markaz is a continuation of our to
stay-close-to-our-customers policy and you will see many more such centers
coming up in near future to ensure that our customers' needs are fulfilled at
their doorsteps". Talking about the future strategy & company plans he
said, "Mobilink GSM has recently invested 60 Million US Dollars for, system
up-grade, increased capacity, better voice quality & clarity and an
unprecedented wider coverage — all aimed at creating greater conveniences for
our largest family of cellular users in Pakistan. I am confident that we are all
set to maintain and further strengthen our leadership and attain a customer base
of one Million by the end of the year.
Mobilink has recently turned a new leaf at the Management
level & now has become strongly bonded with ORASCOM Telecom Company. ORASCOM
Telecom operates 20 GSM licenses in the Middle-East, Africa & Asia.
Mobilink is launching a major Sales & Marketing
initiative in Karachi. The major focus of this activity is to acknowledge
Karachi as the biggest consumer market of Pakistan, reward the loyalties of
Mobilink GSM customer base in Karachi. Mobilink will be coming up with very
special offers for the Karachi customers.
UBL to set up Booths in Post Offices
United Bank Limited (UBL) will open its counters at selected
branches of the Pakistan Post Office to provide basic financial services to the
"un-banked" areas of the country, which will be manned by UBL staff
under its exclusive supervision.
A Memorandum of Understanding (MOU) in this regard was signed
jointly by UBL President, Amar Zafar Khan and Director General, Pakistan Post
Office, Maj. Gen. (Rtd.) Agha Masood Hasan.
Speaking on the occasion, Amar Zafar Khan said, "By
opening these booths in remote areas, we will able to provide basic financial
services besides generating employment opportunities in the rural areas. Post
office is one of the unrecognized jewels in the government sector. It has 48,000
employees delivering millions of letters at no burden to the tax-payer, as the
post office is a profitable institution." He also said that UBL has placed
high priority on this project and it has demonstrated the greatest desire
amongst the Nationalized Commercial Banks (NCBs) to turnaround and to
commercialize the bank which is evident from improving customer service, by
developing technology and communication vision as well as generating a profit of
Rs. 1.4 billion in the year 2000.
Maj. Gen. (Rtd.) Agha Masood Hasan, while expressing his
views on this unique arrangement said, "We have signed this MOU with the
vision of providing banking services to the bank-less people of our country.
Initially this facility will be available at over 350 post offices and our goal
is to extend it to every post office in Pakistan".
New PAS Council elected at the 4th AGM
The Pakistan Advertisers Society elected its new ten member
Council at its fourth Annual General Meeting held on 6th April 2001. Leading
professionals representing a wide range of national and multi-national companies
and various levels of corporate hierarchy were present. Minister of State Mr.
Tariq Ikram, Chairman Export Promotion Bureau, and the founder Chairman of the
Pakistan Advertisers Society, chaired the session as the outgoing Chairman.
The new Council convened immediately after the AGM to
announce the names of the office bearers. The following (along-with their
positions in the Council) were elected to the new Council:
Mr. Haroon Basheer who looks after the consumer business of
Citibank NA was elected as the new Chairman of the Society. Mr. Basheer had
served as the Secretary of the PAS in the last term.
Mr. Naeem Khokhar who heads the Tea and Beverages SBU at
Levers was elected to continue as one of the Vice Chairmen of the Society. Mr.
Tariq Kirmani, the Deputy Managing Director of Pakistan State Oil was also
elected as the Vice Chairman. PSO incidentally, is the first public sector
member of PAS.
Mr. Ayaz Bokhari who has just been assigned a regional
responsibility of Auto solutions at Shell was elected as the new Secretary.
Mr. Tahir Hussain, who looks after marketing at English
Biscuits, was assigned the responsibilities of the new Treasurer by the Society.
Mr. Mohd. Amin, CEO Gillette, Mr. Sabir Sami, CEO Reckitt
Benckiser, Mr. Ali Aamir, Marketing Manager-Tapal, Mr. Amer Pasha Director
Marketing-Coke and Mr. Hanspeter Heissen General Manager Procter & Gamble
were all elected un-opposed to the Council.
Earlier at the AGM, the members were also briefed on the
progress on projects of Establishment/Media Habits/SEC Survey of Rural Pakistan
and the Television Audience Measurement Service. The evaluation to select the
most appropriate bidder for rural survey is underway and the contract would be
awarded in the next few days. This would be the second major research project
initiated by PAS after the Establishment/Media Habits/SEC Survey of Urban
UBL launches Help line service
UBL has announced the launch of a speical Help Line Service
at the UBL Head Office to facilitate the Customers in getting necessary
information about products and services.
The customers calling on the Help Line will be able to obtain
information about forex and deposit rates and various services being offered by
the bank. The service enables the customers to obtain information without having
to presonally appear at the UBL Head Office or branches.
Help Line Service is also available to the bank employees who
need assistance in any way. The Help Line Service is presently available at the
UBL Head Office in Karachi and would soon be available country-wide through a
toll free number to facilitate outstation customers and employees without the
extra burden of NWD call charges. Help Line facility is also available on the
Vision 2011-National Economic Revival Seminar
Pakistan Vision 2011, a National Economic Revival Seminar was
inaugurated by the Governor Sindh Mr. Mohammedmian Soomro. Prominent speakers
from the government and private sector organizations deliberated upon current
issues facing the country and the revival of economic, social and political
sectors in the next ten years. Delegates from banking & finance,
agriculture, social development, commercial organization, educational
institutions attended the seminar in great numbers.
Inaugurating the seminar, the Governor stressed upon the
value of planning the future course of the country and appreciated the efforts
by IBA and UBL in creating a forum for generation of ideas and visions for a
better tomorrow by a wide cross section of people. "National economic
revival is critical to the future of the country. It is a long-term objective.
An economy must be strong and vibrant if it is to sustain and thrive. When we
talk about our economy, we are not just referring to one particular subjeet of
our national environment. It is a concern covering all sectors wherein dynamic
performance is critical to our national well-being." said the Governor.
"There is no dearth of policymakers and economists in
this country, however cohesive and diligent brainstorming has been ignored. I
consider this event to be an opportunity to bring our minds together to address
critical economic issues and discuss their proposed solutions and initiate their
ultimate implementation all in the best national interest. It is but a small
step towards the achievement of our greater national goals of economic growth
and development ultimately leadig to complete economic independence," the
Governor further added.
Speaking at the inaugural session, Amar Zafar Khan, President
UBL, the major sponsor of the seminar said that we are the trustees of our
children and as such it is our responsibility to hand over a more economically,
socially and politically stable country to them. "Now is the time for all
of us in our sun-set years, to reflect upon and determine our vision, a vision
based not on other's ideals, values and histories but on our own. Economic
prosperity is essential to this vision" said Amar. "The Pakistan
Vision 2011" should aim to achieve development, not as "catching
up" but as "making things work" with a primary, though not
exclusive, emphasis on social and human capital. The main areas that we need to
look at improving in the next decade consist of sound system of governance with
political stability and a reasonably competent and honest public service; High
investmennt in education and research; A culture of high savings, investment and
exports; The ability to take advantage of emerging international opportunities.
Responsible economic and financial institutions;
Collaborative partnership between the government, the private sector, and the
citizen." Amar further added.
Pakistanis ability to progress in the next decade will depend
critically on a proper understanding of the opportunities and constraints
offered by the changing international situation. "The major focus of the
economic strategy must be on export led industrialization, especially technology
based industries, both small and large scale. The goal should be to create an
entrepreneurial culture, a culture of investment, in which people with
managerial and technical skills team up with those which access to financial
resources to invest and produce goods and services for the market, "said
President UBL." The vision can only turn to reality if the programs devised
would be beneficial and authentic if, with its implementation there would be a
new society emerging in Pakistan where people are safe and secure and there is a
tolerance of differences of opinion, a system of justice protecting the weak
against the strong, where all public decisions are made at the lowest possible
level, where all government decisions are transparent, where all appointments to
public offices are made on merit, where people pay taxes. Voluntarily with
confidence that their money would not be wasted and in return they would be
provided all the relevant facilities by the government, where every child has
access to school and where every sick person gets quality medical care," he
Vision 2011 a two days conference organized jointly by UBL
and IBA. The other prominent speakers who spoke on the first day included Mr.
Abdul Hafeez Sheikh, Finance Minister Sindh, Prof. Anita Ghulam Ali, Education
Minister Sindh, Mr. Afaq Tiwana, Ministry of Agriculture Punjab, Mr. Javed
Jabbar, Mr. Mehtab Karim, Faculty Head Aga Khan Medical College, Mr. Munir Kamal,
President Union Bank and others.
STANDARD CHARTERED CELEBRATES 100,000 CREDIT CARD
Standard Chartered unfolded yet another milestone,
"100,000 credit card members" at a reception held for representatives
from the media, and the Bank's business and strategic partners. Also present at
the celebration were key members of the Bank's management.
To commemorate this achievement, Standard Chartered announced
a month long celebration for existing and new credit card members in Karachi,
Lahore and Islamabad. Beginning with a Lucky Draw (with attractive prizes
ranging from a TV, a microwave and tickets for 2 to Dubai) and other exciting
promotions were announced. Promotions include: Apply 'n' Fly and exciting gift
vouchers for new card members and Shopping at the Park, exclusive film sneak
previews, Hollywood nights and cash discounts for existing card members. The
celebratory month would conclude with a lavish carnival planned for all Standard
Chartered credit card members.
"We have come a long way since we entered the Credit
Card industry. In the 4 years since inception, we have consistently delivered
customer friendly, technologically superior and convenient products and
services. Our credit cards promise to put more within customers' reach, by
offering value-added privileges with a varied yet, distinctive group of
strategic partners. Today, we are proud to offer our customers benefits in car
rental, courier services, entertainment, hotels, insurance, restaurants,
sportswear and travel", stated Azhar Hamid, Group Senior Representative,
Standard Chartered Pakistan at the reception.
Entering the credit card industry with the most powerful
credit card in Pakistan and a brand which promises " to put more within
your reach", Standard Chartered has shown a dramatic increase in its credit
card customer base. The overall card base grew by 27% in 2000 (as compared to
1999 levels) and in the first quarter of 2001, the card base has already
increased by 7% (as of March 2001). Today, Standard Chartered's credit cards
offer auto-debit, dial-a-draft and cash advance facilities (available in over
500,000 ATMs worldwide), global acceptability (with over 10,000 establishments
in Pakistan and 17 million worldwide), 24 hour customer service and, a wide
array of value-added privileges.
Standard Chartered's VISA card was launched in December 1996
and is available both as a Gold and a Classic card. Standard Chartered's
MasterCard was launched in August 1999 and is currently available as a Classic
Union Texas Pakistan renames as BP Pakistan
Union Texas Pakistan Inc., Pakistan's leading oil and gas
producing company has announced that it has changed its corporate name to
"BP Pakistan Exploration and Production, Inc." in view of its merger
with worldwide BP AMOCO Group. All of its corporate particulars such as its
office address, phone numbers, office bearers, place of incorporation,
management etc. would remain the same. BP Pakistan has petroleum operations in
the Badin area of Sindh and offices in Karachi and Islamabad.
Managerial grid seminar
The Management Association of Pakistan has greatly
contributed to the growth of managerial talent in Pakistan and its success in
the training and development field is unmatched.
This was stated by Dr. Abdul Hafeez Shaikh the other day. He
was the Chief Guest at the certificate distribution ceremony of the 5-day
Managerial Grid Seminar organized by MAP.
He said that short training courses, like that one, organized
by MAP play an important role in improving managerial skills. He advised the
participants to practise, what has been taught, in their day to day life.
Earlier, President MAP Mr. Moin M Fudda welcoming the Chief
Guest said that MAP always has been on the fore-front in grooming managerial
talent through its training courses, seminar and conventions. So far MAP has
organized more than 900 seminars and training courses as well as 8 management
conventions. These programmes have benefited about 25000 professional managers
and entrepreneurs, he said.
Syed Masoud Ali Naqvi, Vice President and Chairman of
Programme Subcommittee while thanking the Chief Guest and participants briefly
touched upon MAP's programme policy and highlighted future plan of MAP. He urged
MAP members to nominate their employees to MAP's seminars and training courses
for getting greater benefits of these programmes. Later the Chief Guest gave
away certificates to the successful participants of the seminar.
It is worthy to mention here that MAP have had the
association of a number of well known persons in Pakistan in the Government as
well as in private sector for example, Mr. Abdur Razzak Dawood and Mr. Altaf
Saleem have been Chairman of its Advisor Board at Lahore, Mr. Javed Jabbar has
been its member of long-standing. During the current year, a number of well
known persons like Dr. Abdul Hafeez Shaikh. Sardar Assef Ahmad Ali, Syeda Abida
Hussain and Kunwar Idrees and institutions like State Bank of Pakistan and
British Deputy High Commission in Pakistan have joined MAP as members.
Case against Hubco withdrawn
The government last Wednesday withdrew a criminal case
This case against Hubco was lodged during the Nawaz Sharif
government (1997-1999), accusing the company of making an amendment in the power
purchase agreement (PPA) with the Water and Power Development Authority (Wapda),
in connivance with the top government hierarchy.
In the absence of a finding in the investigations warranting
initiation or continuation of charges or cases on account of corruption and
corrupt practices the GOP and Wapda agreed to withdraw all such charges and
"We are all relieved that these allegations have been
removed", said a company spokesman. "This is a good day for the
government and Hubco, and positive action, which will help improve the investor
climate in the country," he said.
FedEx / Gerry's facilitate in Exhibit USA 2001
FedEx Express/Gerry's International were involved in the
arranging of the "Exhibit USA 2001" exhibition, held on April 24th and
25th, 2001, at the Pearl Continental Hotel, Lahore.
Organized by The United States Commercial Service, American
Embassy, Islamabad, "Exhibit USA 2001" was an event whereby
exclusively United States companies were showcasing their products and services
to the general public. Being held in Lahore, the second largest commercial
center of Pakistan, this event was an excellent crossroad for increasing
awareness and encouraging potential businesses.
"Exhibit USA 2001" was inaugurated by Governor
Punjab, Lt. General (Retd.) Muhammad Safdar, along with Mr. William B. Milam,
Ambassador of the United States of America and Mr. Sheldon Rappoport, Principal
Official of the United States Consulate.
At the inauguration, Mr. Milam said, "Similar events in
the past have reaped positive results in terms of attracting serious business
visitors and "Exhibit USA 2001" is an excellent platform for
exchanging of business ideas"