July 09 - 15, 2001
PUBLICIS PICKS UP TWO GRAND AWARDS
A ceremony was held at a local hotel in Karachi by
the Pakistan Advertising Association to recognize and honour
outstanding advertising creativity during the year 2000. The theme of
the evening was "A Tribute to Creativity". The ceremony was
presided over by Chairman of the PAA, Mr. Jamshed Qureshi, and the
Chairman of the PAA Excellence Awards, Mr. Pervez Iqbal.
Publicis Pakistan, part of one of the largest
advertising networks in the world, was awarded two Grand (first)
prizes by a committee comprising experienced but entirely impartial
professionals from the media and communications industry. The Nestle
Pure Life Water ad by Publicis, captioned "Welcome to
Purity" received the Grand Award in the Print Advertising
category. The other Publicis advertisement to receive an honour was
the Tetra Pak Institutional ad captioned "Ideas take shape.
Shapes change behavior", which won the Grand Award in the
Corporate Print Advertising category.
IBA (University of Sindh) visits Karachi Stock
The Director, IBA, University of Sindh, Jamshoro
Prof. Dr. Anwar Ali Shah G. Syed arranged the study tour of Karachi
Stock Exchange MBA (Final) year students alongwith IBA faculty members
Mr. Nazir Ahmed Gopang, Mr. Muhammad Aslam Pathan, Assistant
Professors, IBA, Mr. Imamuddin Khoso, Mr. Mushtaque Ali Jariko and Ms.
Aisha Pandhiani, paid a study tour to Karachi Stock Exchange on June
15, 2001. Mr. Muhammad Yacoob Memon, General Manager of KSE delivered
a comprehensive lecture to the students regarding the policies of KSE
and he said after sizing up the potential of Market, we are decided to
open up derivative security market in near future, which will be much
beneficial and profitable to the investor and will also increase the
pace of trade in Karachi Stock Exchange. Mr. Kamran, Public Relations
Officer of KSE also briefed to the students about trading system of
KSE and unveiled various policies schemes to boost up trade in Karachi
Stock Exchange. The lecture was followed by constructive
question-answer session. Afterwards, the students accompanied with
faculty visited the physical location of various departments of
Karachi Stock Exchange and made themselves familiar with financial
jargon and with methods adopted by those departments in their
operation. In the last the IBA faculty members offered a vote of
thanks to all Karachi Stock Exchange staff and specially its General
Manager Mr. Muhammad Yacoob Memon for being cooperative and arranging
such a knowledgeable and historical trip of KSE.
POST-BUDGET SEMINAR 2001 AT IBA — University of
Post budget seminar 2001 organized by the Institute
of Business Administration, University of Sindh at the main campus
Jamshoro on Friday 22nd June, 2001. The proceeding of Seminar opened
up with the verses of holy "QURAN". Prof. Dr. Anwar Ali Shah
. G. Syed, Director, IBA offered welcome address and introduced the
Guest speaker as a scholar of First Water. The Guest Speaker Prof. Dr.
Khowaja Amjad Saeed founder Director, IBA, Lahore and former
Pro-Vice-Chancellor, Punjab University, Lahore delivered a very
comprehensive lecture on the implications of Federal Budget 2000-2001.
He said unless we take measure to increase our
revenue collection, we can not implement our welfare program to
provide relief to the poor. He added that deficit is deepening that is
chopping off the skin of our already recession hit and ill economy so
government will have to curtail non-development expenditure to put our
economy at financial lease. He suggested that Government take measures
to hold financial criminals accountable and to foster good governance
and tax culture particularly in the corporate sector.
Government must give Top-Priority to streamline
educational system to upgrade its standard and also devise various
job-oriented schemes to reduce the army of unemployed. He urged the
government to reduce the number of ministries, departments and
directorates and suggested that only one ministry — "Ministry
of Economics" — was enough to look after Planning and
Development including business, commerce, trade and industry. The
benefits of such measure will ultimately be transferred to the poor
The Vice-Chancellor, University of Sindh Dr.
R.A.Shah delivering his presidential address at the post-budget
seminar 2001, said that the efforts of the present government for the
promotion of Information Technology and development of trade and
industry will yield positive results. On this occasion he sanctioned
50 Computers for the Computer Lab of IBA and announced that the
Professor Muhammad Umer Memon, Seminar Library of IBA will also be
In the last Director, IBA offered a vote of thanks
to Guest speaker and Vice-Chancellor, University of Sindh and other
distinguished guests whose gracious presence made the program success.
Throwing light on the Federal Budget 2001, Director IBA, said our lion
share of budget goes in debt servicing as we have some respite in the
shape of loan rescheduling, taking advantage of that we must endeavor
to improve revenue generated units in order to achieve financial self
sufficiency. He added that our industrial sector has turned into
graveyard of sick and dead units, it calls for the rehabilitation of
sick industries to convert them into healthy and profit making units.
He suggested that corporate sector should reorganize itself in order
to achieve the most efficient utilization of its resources. This
requires that the business as a whole must be reviewed as an
integrated system and managed in an appropriate way. He saw the
allocation of extra funds for increasing agriculture yield as a plus
point of budget 2001. He said that the students of IBA will be the
future leaders of commerce and trade and our students are working
successfully all over the globe.
The Seminar was followed by constructive
Others who addressed the seminar included Prof.
Ferozuddin Kazi, Dean, Faculty of Commerce and Business
Administration, University of Sindh, Prof. Ghulam Hussain Khaskhelly,
Ex-Chairman, Department of Economics, University of Sindh and Dr.
Muhammad Iqbal Panhwar, the Director, UGC, Karachi.
SYED MASOUD ALI NAQVI ELECTED PRESIDENT MAP
Syed Masoud Ali Naqvi, Senior Partner, Taseer Hadi,
Khalid & Co., Member firm of KPMG has been elected unopposed as
President of Management Association of Pakistan (MAP) for the year
He has been elected to this leading position of
MAP, a premier organization of professional managers, in its 35th
Annual General Meeting held at a local hotel here on June 29. Mr.
Naqvi is a fellow of the Institute of Chartered Accountants of
Pakistan (ICAP) and has been its President for the years 1994-95 and
Mr. Masoud Naqvi has a long association with MAP.
He was elected as Member of MAP's Executive Committee in the year
1998-99 and has held the positions of its Honorary Secretary in
1999-2000 and Vice President in 2000-2001. In addition, he has been
Chairman of MAP's Programme Subcommittee and has played a pivotal role
in the renaissance of MAP's activities by planning very useful
seminars and training courses. He was also a Director of Karachi Stock
Exchange (Guarantee) Limited.
Mr. Naqvi is a rotarian and has served as President
of Rotary Downtown and District Secretary for Pakistan. He has also
held the position of the President of Pakistan American Cultural
Centre (PACC) in 1996. He has served on various GOP Committees and
commissions. He has authored various articles for professional
journals and presented papers in seminars at various national and
Other office bearers who were also elected
unopposed at the AGM are: Mr. Javed Iqbal, Chairman, Philips
Electrical Industries of Pakistan (Vice President); Mr. Khalid Nawaz
Awan, Chairman & CEO, TCS Private Limited (Honorary Secretary);
Mr. Iftikhar H. Shirazi, Group Director Finance & Investments,
Atlas Group of Companies (Honorary Treasurer). M/s. Zakir Mahmood,
President Habib Bank Limited, Rashid Ahmad, Managing Director,
Pakistan Industrial Leasing Corporation Limited, and Mr. Sarmad Ali,
Executive Director, Jang Group of Publications were elected as members
of the Executive Committee.
The AGM was followed by a meeting of the MAP's
newly elected Executive Committee and the following were unanimously
co-opted as members of the Executive Committee: Mr. Moin M. Fudda,
Country Chief, Commercial Union Assurance Plc.; Mr. Zaffar A. Khan,
President, Engro Chemical Pakistan Limited; Mr. Khalid Rafi, Senior
Partner, A.F. Ferguson & Co. and Mr. Rob Zoon, Director, Lever
Brothers Pakistan Limited.
Pakistan to host emerging markets conference
Statement of Chairman Security & Exchange
Commission of Pakistan (SECP) issued at a press conference recently.
Pakistan has been selected by the International
Organization of Securities Commissions (IOSCO) to host Emerging
Markets Conference this year. This was decided during the annual
meeting of IOSCO in Stockholm where Pakistan was represented by Mr.
Khalid A. Mirza, Chairman, Securities and Exchange Commission of
Pakistan. Among the several other contenders, Nigeria, South Korea,
Poland and Egypt were strongly lobbying for this prestigious event.
The conference is proposed to be held in November this year.
Pakistan has been honored to host this impoltant
conference because of its improved image, mainly due to economic
reform policies of the government and IMF's consent to release the
third tranche of adjustment loan. Last year, the Securities and
Exchange Commission of Pakistan organized a successful event when
meeting of the Asia Pacific Regional Committee (APRC) of IOSCO was
held in October, 2000 in Bhurban. The participants went back with
extremely positive attitude towards business environment in Pakistan
and supported Pakistan to hold this major official international
event. This conference is likely to be attended by heads of securities
regulators, finance ministers, and key economic policy makers from
about 70 emerging markets in the world. In addition, top securities
regulators from selected OECD countries will also participate.
Under the capital market reform program of this
government in collaboration with the Asian Development Bank, tile
Securities and Exchange Commission of Pakistan has managed to
implement 30 principles of IOSCO that conform to international
standards of securities market. Of these standards, important steps
include implementation of T+3 trading system, independent management
for the stock exchanges and enhanced monitoring capacity of the
Securities regulator to provide maximum protection to the investors.
All these policies have been appreciated by international capital
market experts and Pakistan is likely to gain attention of
international investors as a result of this conference.
Indonesian trade fair 2001
The National Agency for Export Development (NAFED),
of the Ministry Industry and Trade, Republic of Indonesia is going to
hold a Trade fair entitled, The 16th National Merchandise And
Commodity Show 2001, "Resource Indonesia 2001" on October
24-28 2001 at Jakarta Fair Ground.
Bond Advertising receives Grand Award for Event
Marketing for Shell Power Trip
Bond Advertising received Grand Award for
excellence in Event Marketing at the Pakistan Advertising Association
Excellence Awards 2000 for the event titled "Shell Power
Trip" done for their client, Shell Pakistan.
Photo shows left to right: Mohammad Mian Soomro,
Governor of Sindh; Jamshed Qureshi Chairman PAA && Seema
Jaffer, COO Bond Advertising (Pvt) Ltd.
Shelter Pakistan finds its place in US
"Shelter" An informative monthly magazine
published by Association of Builders & Developers (ABAD) has
carved its place in the U.S Library of New York & Washington.
Kausar Ali Bangash, Editor of Shelter says that the
magazine, which covers issues and developments in the field of
construction objectively, is being viewed respectfully by the
international constructions keen to know about housing and
construction industry in Pakistan.