May 21 - Jun 03, 2001
Sheraton Amman, JORDAN OPENS
Starwood Hotels & Resorts Worldwide, Inc. has announced
the opening of the Sheraton Amman Al Nabil Hotel and Towers, a luxury five-star
property located in Jordan's capital of Amman.
The spectacular Sheraton Amman Al Nabil Hotel and Towers
occupies an extraordinary place on Starwood's Middle East roster, says Sami
Zoghbi, president Starwood Hotels and Resorts Worldwide Inc., Africa, India and
Middle East. "This property in Amman makes Starwood the only chain with a
hotel in every major city and commercial center in the Middle East," says
Zoghbi. "It's something our competition simply cannot match."
Askari MasterCard and FMIT
Askari MasterCard has recently signed an MOU with Future
Management Institute of Technology (FMIT), the first ISO 9001 IT Institute in
Pakistan, to provide its MasterCard Members exclusive discounts. This
arrangement is aimed to provide value-added benefits to Askari MasterCard
holders when they use services of FMIT through Askari MasterCard. This
arrangement will not only facilitate Askari MasterCard members but their
families are also entitled to avail exclusive discounts at FMIT. The arrangement
covers a host of services and benefits on various IT courses offered through FMIT.
CATHAY PACIFIC ANNOUNCES NEW PACKAGES TO USA
Cathay Pacific Airways announced special packages from
Karachi to Los Angeles and San Francisco in the US. The offer starts from 15 May
2001 and would be valid till 31 December 2001. Operating three times a week from
Karachi via Hong Kong, the passengers will be entitled to three FREE coupons for
any three destinations of their choice in the US. Moreover, one-night stopover
is also available on the return trip.
The service between Karachi and USA will be operated using an
Airbus Industrie A330-200 with an enhanced cabin featuring greater legroom. The
aircraft is designed to carry 44 passengers in Business Class and 267 passengers
in Economy Class.
Sohail Yunus, Sales Manager, Cathay Pacific Pakistan said:
"We are delighted to offer this most convenient and economical package from
Karachi to Los Angeles and San Francisco. The service should be highly popular
with not only the business travelers but also with the holiday travelers and
Pakistani students. By operating thrice a week service on the route we are
confirming our commitment to providing quality and convenience of travel to the
people of Pakistan."
Hubco to pay interim dividend
The Hub Power Company Limited (Hubco) has 'resolved' to pay
interim divided at Rs. 1.70 per share (17 per cent).
The announcement was made at the Karachi Stock Exchange,
following the meeting of the company board held in Istanbul, Turkey.
The announcement said, "the Board has, subject to
lenders approval under the Project Co-ordination Agreement in pursuant to
Article 100 of Articles of Association of the Company, resolved to pay an
interim dividend at 17 per cent".
Philips benefits from business opportunities
Pakistan has great potential for investment as a market for
multinational companies and Philips service network is fully benefiting from the
This was stated by Ed Voss, vice president, West Asia
Operations of Philips Consumer Electronics during his visit to Pakistan.
During his visit Voss toured markets in Lahore and Karachi.
He was given a comprehensive overview of Philips Pakistan and was taken on a
tour of the Philips factory.
FedEx Express/Gerry's Gala Night - An Enthralling
FedEx Express/Gerry's international recently celebrated their
twelfth anniversary, in grandeur style, during a dinner held at the Pearl
Continental Hotel, Lahore.
The dinner, followed by a fabulous musical night, was a
celebration to commemorate twelve successful years of service in Pakistan,
whereby FedEx Express/Gerry's International have grown and expanded their
Present at the occasion were Mr. Arshad Hussain, General
Manager, FedEx Express, together with Mr. A. Wali Muhammad, Director, Gerry's
"The relentless efforts and hard work put in by the
FedEx Express/Gerry's International teams in Lahore are indicative of a work
force that goes beyond the call of duty to satisfy its customers and is indeed a
hallmark for others to follow," said Mr. Arshad Hussain.
Furthermore, Mr. Wali said, "The performance of the
members in Lahore is truly reflective of the immense potential, confidence and
dependability possessed by them, in executing their responsibilities, thus
setting benchmarks in the industry."
The dinner was followed by an energy-filled musical night
where renowned singers like Fakhre Alam, Fariha Pervaiz, Humera Arshad and
Jawwad Ahmad simply mesmerized everyone. The splendid show kept everyone
engrossed till the early hours of the following morning, making it a night that
was memorable for all.
Envisaging to further expand its operations in Pakistan, the
spectacular dinner and celebration were yet another step forward for FedEx
FedEx International was formed in 1973 and has emerged as the
world's largest transportation company. It operates out of 211 countries
worldwide, through a work force of more than 150,000 dedicated employees. In
Pakistan, FedEx has licensed Gerry's International to carry out its operations.
Possessing the same superior quality standards of delivering shipments and
executing operational activities as at FedEx International, Gerry's
international is one of the largest aviation groups in Pakistan, with a strong
infrastructure, capable of supporting the vigorous operations of reputable
organizations like FedEx International.
UBL Announces Rs. 2 Billion Operating Profit
United Bank Limited has announced an all time high profit of
Rs. 2 billion for 2000 after its shareholders approved the audited accounts for
year 2000 at the Annual General meeting.
Earlier the Board of Directors in its meeting, held to
approve the audited account, congratulated the President Amar Zafar Khan for
producing such excellent results.
Later, addressing a Press Conference, Amar Zafar Khan said
that all overseas locations reported profits in 2000. This was aided by the
strong performance from the Corporate Banking Division and Treasury in the
"Performing Advances have grown by 51% to Rs. 61bn. Net
Non performing loans reduced partly due to provisions and recoveries by 39% to
Rs. 13 bn." Amar Zafar told members of the media. "Cheap deposits grew
by 12% to Rs. 72 bn. Expensive deposits on the other hand were reduced by 10% to
Rs. 56 bn. Net spread, has increased by 0.7%. This is despite the fact that UBL
was forced to discontinue the prize schemes on deposits that were launched in
UBL continued to enhance its role on trade finance side,
resulting in an FX revenue of 1.6 bn. UBL handled Rs. 69 bn of overall import
and export business during the year, an increase of 8% as compared to 1999.
Fee Income increased by 22% during the year, in spite of a
general slow down in trade activities in the country due to documentation drive
initiated by the government. This was achieved due to special focus on
relationship management by our corporate banking group and the advisory support.
Admin expenses were generally controlled and recorded an
increase of only 9% on increased volumes, tariff revisions and general
The President further said that UBL was ready for
privatization. He mentioned that there has been significant progress on disputed
taxes and the bank expects to recover Rs. 6 billion on this account. He further
added that majority of the Government debt was being serviced. "The bank's
restructuring is substantially complete". He further informed the press
that: "The bank's operating profits have continued to record improvement as
during the first quarter of 2001, the bank has earned profit before tax of Rs.
550 M based on unaudited results."
Governor Sindh Inaugurates PVC Geomembrane
Lining Demonstration Site
The Governor of Sindh, Mohammedmian Soomro inaugurated the
PVC Geomembrane watercourse lining demonstration site in District Thatta
recently. The demonstration site has been developed by Engro Asahi Polymer and
Chemicals Limited in collaboration with On Farm Water Management, Government of
Sindh, to demonstrate total seepage control using PVC geomembrane lining. This
demonstration is in pursuance of the decision of the Sindh Economic Recovery
Task Force subcommittee dealing with irrigation water losses.
Speaking on the occasion the Governor stated that water
conservation is one of the biggest challenges of the day and that the Provincial
Government is dealing with it on a priority basis.
The Governor said that he was pleased with the public-private
sector partnership in the promotion of modern technology in the agricultural
sector. He emphasized a need to develop a comprehensive strategy to make the
irrigation system more efficient.
In the presentations it was highlighted that 50 million acre
feet of water is lost every year in Pakistan due to seepage in canals and water
courses. A large part of this seepage is in saline areas. In Sindh alone, 15
million acre feet is lost in saline areas. This water saved using PVC
geomembrane will help in making millions of acres of waterlogged land
cultivable. The increased cultivation and agricultural production will assist in
reducing the trade deficit and improve the macroeconomic performance of the
The demonstration site is a watercourse 820 metre long, which
has been lined with PVC geomembrane. According to data tabulated and verified by
the On Farm Water Management, Government of Sindh, pre-lining water losses were
44.0% of total water discharge. After the PVC geomembrane lining installation
water losses have been reduced successfully to 2.8% which also include
The seepage control provided by geomembrane lining is
significantly superior to any other alternative. In terms of cost, PVC
geomembrane is cheaper than the traditional method of brick lining with
concrete. Moreover, the useful life of PVC geomembrane lining is around 40 years
which is significantly greater than traditional lining methods. PVC geomembrane
is easy to install and readily available since it is based on indigenous
materials processed by the domestic PVC calendering capacity.
PACRA assigns long-term entity rating of A-to PICIC
The Pakistan Credit Rating Agency (PACRA) has assigned an
"A-" (signle A minus) long-term and an "A2" (single A two)
short-term entity rating to PICIC. The rating denote a low expectation of credit
risk emanating from the company's strong capacity for timely payment of
financial commitments. These ratings are applicable to the senior unsecured
creditors of the company.
FIRST ANNUAL GENERAL MEETING OF KHUSHHALI BANK HELD
The first Annual General Meeting of Khushhali Bank was held
in Karachi recently. Chaired by Azhar Hamid, Country Head Standard Chartered
Grindlays Bank and member of KHB board, the meeting was attended by Ghalib
Nishtar, President Khushhali Bank and other senior representatives of
shareholding banks. The main agenda of the meeting was adoption of the audited
financial statements relating to the bank's first operating period ended 31
December 2000 and the reports of the President and independent directors.
Presenting his report, Ghalib Nishtar briefed the
shareholders about KHB's operational model, activities since inception, business
roll-out plan, future strategies and institutional development activities. The
Chairman of the meeting Azhar Hamid, on behalf of all the shareholders,
appreciated the management's efforts towards establishing an infrastructure to
support bank's operations within a short span of existence and assured continued
support of member banks towards poverty alleviation and other social sector
development objectives of the bank.
Swissair is pleased to announce the promotion of Mrs. Yasmin
Peermohamed, Senior Marketing Specialist to Manager Marketing, Swissair. Besides
marketing, she will also be responsible for Pricing and Customer Relations for
Swissair in Pakistan.
Seminar on Allama I.I.Kazi at IBA Jamshoro
Recenlty a seminar in the remembrance of Allama I.I.Kazi was
arranged at Institute of Business Administration, University of Sindh, Jamshoro.
Allama I.I.Kazi lived his life as if he was fulfilling a promise and commitment
to serve the society. Allama was born on April 9, 1886, in the village of Patt,
District Dadu. When he was still a boy, his family settled in Hyderabad, where
Akhund Abdul Aziz gave him lessons in Sufism, Persian poetry and Islamic
literature. At the age of 16, he found himself in the company of Sufis. In 1906,
he left for Aligarh but a year later returned to go abroad for higher studies.
He studied Economics, Physics and Biology. In this auspicious occasion Dean,
Faculty of Commerce and Business Administration, University of Sindh, Jamshoro
Professor Ferozuddin Kazi said, " Almost in every utterance and assertion
of his life one can see the vitality, vigor, spirit and strength of his life. He
said to teachers that they are the hope of future and the leader of tomorrow.
The future citizens are waiting for the guidance from them. Honourable Director,
IBA Professor Dr. Anwar Ali Shah G. Syed expressed his views about the founder
of Sindh University's Jamshoro campus in these words, "The contribution of
Allama I.I.Kazi is reflected in the shape of a wonderful place known as Jamshoro
that has created many great minds, a place that has produced Managers,
Scientists, Doctors and Engineers, the most ideal place from all aspects."
Faculty member Mr. Imamuddin Khoso said "He was a
philosopher of first water and as a religious mystic scholar he was devoted and
true Muslim, Being too deeply rooted into his own religion, he was aware and
open to all the religions of the world. He never suffered from any sort of
extremism and fanaticism.
"Anita Shah expressed her views and said that "Allama
I.I.Kazi believed that feeding of body is not as important as feeding of mind,
Mind stands on its own pedestal. Because by feeding the one you become a good
animal. By feeding the other you become a good human being. The first word of
"Quran" was Iqra". The very essential thing for life was Iqra,
not feeding of body."
The faculty member, Mr. Mushtaque Ali Jariko on the occasion
said that, "It has been the biggest sign of the great people that they
continue learning till they live, we can judge this quality of Allama by his
depth of feelings about the universe and the breadth of his scholarship. He had
a realistic approach in his life, therefore he gave a very constructive meaning
to his life, that is why he lives in hearts of the People."
In this seminar a number of students from IBA, Jamshoro and
Commerce Department also expressed their views and read papers on the life,
works and thoughts of Allama I.I. Kazi.
Karachi Sheraton Hotel & Towers Signs Deal with
Standard Chartered Bank
Recently the Karachi Sheraton Hotel & Towers signed a
strategic deal with Standard Chartered Bank. This deal will offer Standard
Chartered cardmembers attractive discounts and privileges on accommodation,
restaurant, gourmet shop, health club and laundry & dry cleaning facilities
at the Karachi Sheraton Hotel & Towers. This arrangement is part of the
bank's effort to bring more and more value to the cardmembers.
Standard Chartered is the largest foreign banking group in
Pakistan with a credit card customer base of over 105,000.
Executive moves in Engro Chemical Pakistan Ltd.
Engro Chemical Pakistan Ltd. has announced plans to
restructure its organization with resultant reassignment of some of its senior
executives. The Company is making these moves to meet the emerging business
needs of the Company.
Mr. Asif Qadir, currently Vice President and head of
Manufacturing at Daharki, is moving on secondment to take over as President and
CEO of Engro Asahi Polymer & Chemicals Ltd. (EAPCL). EAPCL is a joint
venture of Engro's with two leading Japanese Companies. Mr. Nadir is a Chemical
Engineer from Columbia University, New York.
Mr. Asad Umar, upon completion of his assignment as CEO of
EAPCL is returning to Engro Chemical to take over as Senior Vice President
Fertilizer Operations. In this position, Mr. Umar will look after the
Manufacturing, Marketing and Technology Division of the Company. Mr. Umar is an
MBA from I.B.A.Karachi.
Mr. Pervaiz Kausar, currently Vice President Marketing will
assume the newly created position of Vice President Business Development. In
this capacity, he will be responsible for the new diversification thrust of the
Company, especially in Agri businesses. Mr. Kausar is an Engineer from U.E.T.
Mr. Khalid S. Subhani currently General Manager Operations,
will be redesignated as General Manager Manufacturing. He will be responsible
for managing the Urea plant site at Daharki. Mr. Subhani is a Chemical Engineer
from Dawood College of Engineering.
Primary health care — a means of achieving health
By Dr. Sabeeh Jaffery MBBS, MPH (USA)
An international conference on Primary Health Care was held
from September 6-12, 1978 in Alma-Ata, capital of Kazakh, the former union of
Soviet Socialist Republic.
The conference which was held in accordance with the decision
of the WHO Assembly and the Executive Board of UNICEF was attended by 134
governments and by representatives of 67 UN organisations, specialized agencies
and non-governmental organisations.
Against a background of the poor health status of millions of
people and the lack of availability of health services, specially in the
developing countries, World Health Authorities realized that Primary Health Care
approach was the only solution to achieve an acceptable level of health
throughout the world — this forming the Declaration of Alma-Ata as the goal of
Health For All by the year 2001.
It defined Primary Health Care as: "essential health
care made universally accessible to individuals and families in the community by
means acceptable to them, through their full participation and at a cost that
the community and country can afford. It forms an integral part both of the
country's health system of which it is the nucleus and of the overall social and
economic development of the community".
Twenty three years have elapsed since the declaration at
Alma-Ata, yet, we are far from realization of that dream . It is not that we
have not moved forward, but our pace has been painfully slow, whereas, other
countries in the region have made great strides. Illiteracy, poverty, strong
beliefs and customs prevalent in rural communities, fewer medical graduates
opting to work as Primary Care Physicians, unwillingness to work in rural areas,
political influence of local groups and organisations, misappropriation of
funds, are some of the factors that can be accounted for, for the failure in the
development of a comprehensive Primary Health Care System in Pakistan.
Primary Health Care calls for participation of the Community
at all stages. It envisages health care for all and specially the needy,
regardless of their social and economic status. The health services should be so
designed to be preventive, promotive and curative and should be in conformity
with the religious beliefs and practices in order to gain acceptance.
The role of Primary Care Physicians is pivotal for the
success of the system. Primary Care Physicians or Family Practitioners serve as
"gate keepers" and are an important instrument in quality enhancement
and cost-containment. The current practice of walking straight to a consultant's
office for trivial complaints occurs because of inadequate information or usage
of family physicians.
The specialty of family medicine is centered on loving and
caring relationships with patients and their families. It is based on the
holistic approach to health whereby family physicians make more than a medical
diagnosis. Family physicians offer comprehensive, personalized care, listen to
the patient and take time with them and help them make the right health care
In Pakistan too, the recognition of the need for a set up
which has at its pivot a qualified Primary Care Practitioner as a
"gatekeeper" is gaining impetus. Many organisations are actually
working towards the realisation of the goal — the ultimate objective being the
provison of health for all.