July 16 - 22, 2001
Slot exchange agreement in the Far East Middle East
P&O Nedlloyd Container Line, NYK Line and
Hyundai Merchant Marine are, from this month, entering into a slot
exchange agreement with some of their respective services in the Far
East Middle East Trade.
The co-operation will allow the Lines to optimise
port calls in China and the Middle East, and add a Kwangyang call in
Korea. The new product provides the market with 'best of class'
services from China and Korea to the Middle East.
BMI British Midland and United Airlines
BMI British Midland announced it is to seek
anti-trust immunity with United Airlines, as well as a full open skies
agreement, in advance of UK-US government talks next week on
deregulation of the transatlantic air travel market.
The airline also confirmed, for the first time, the
routes it plans to serve when deregulation allows. BMI British Midland
will launch services from Heathrow to its existing US gateways,
Washington and Chicago, as well as Miami, Denver and Seattle.
BMI British Midland and United Airlines are to
press British and American transport authorities to introduce full
open skies for both passenger and cargo traffic across the Atlantic
immediately. With anti-trust immunity in place, they will offer true
competition on a full range of UK-US routes.
TCS & Al-Meezan Bank sign agreement
TCS & Al-Meezan Investment Bank (AMIB) have
entered into an arrangement whereby TCS would assist AMIB by providing
them with its distribution network for the sale of AMIB's Riba-Free
— Certificates of Islamic Investment.
An agreement in this regard was signed by TCS
Chairman, Khalid N. Awan and Irfan Siddiqui, CEO, Al-Meezan Investment
Bank Limited recently.
Speaking on the occasion Khalid N. Awan said,
"We attach long-term importance to this alliance. We'll give our
best in service and keep evaluating our performance in order to expand
Irfan Siddiqui said, "I am very excited at the
alliance which has allowed value-addition at both ends. Both the
companies have tremendous opportunity to promote Riba Free in the
TCS would be placing the applications for these
certificates at its Booking offices where AMIB clients would be
entertained — this would involve answering Customer queries,
providing the applications to interested customers, accepting filled
applications along with cheques, forwarding the applications to AMIB
& delivering the investment advice to the customer.
Initially this facility would be available in 4
cities — Rawalpindi, Peshawar, Faisalabad & Hyderabad. The
arrangement would later be extended to other cities.
This initiative of TCS of being one of the first
non-bank companies to facilitate the distribution of financial
products is another effort by it to provide more value added services
to its customers and promote the concept of Islamic financial
First Women Bank Limited
Ms. Zarine Aziz President First Women Bank Ltd.,
had a meeting with the women entrepreneurs at Head Office Karachi and
discussed the restructuring plan of the Bank which is in process. Ms.
Aziz briefed participants about plan of the Bank and reposed
confidence on the women entrepreneur that they will join hand with the
Bank for economic upliftment of the women.
First Women Bank Ltd., is planning to enable this
institution to meet its stated objectives: a competitive and market
oriented bank, with the social objective of economic empowerment of
Women Entrepreneur belonging to large medium and
small borrowers appreciated this exercise of the Bank and gave their
views and recommendations for the restructuring process.
It's a different kind of world you need a different
kind of software
Karachi: IBM organised a seminar in Karachi
on its Software Products and Strategies. Objective of the seminar was
to highlight the functions and benefits of the IBM Software products,
especially in the changing e-economy. Products covered were WebSphere,
Lotus Family, industry leading IBM DB2 Relational Database and Network
Management Software — Tivoli. It was emphasised how IBM Software
provide a common platform for both the Business Unit and IT Manager in
achieving the organisations business goals.
Mr. Jean-Christophe Knoertzer - Area Manager for
IBM Software Group and Mr. Bashar Kilani - Regional Manager
Integration Software, specially flew in to make the presentations at
The seminar was largely attended by Business &
IT Executives from leading organisations from Multinationl, Private
and Government sectors.