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July 09 - 15, 2001


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 Exchange.

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 Sindh

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 masses.

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 centrally Air-conditioned.

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 question-answer session.

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, 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 2001-2002.

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 1995-96.

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 international forums.

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.