Nov 12 - 18, 2001
State Life Announces Winners of Tehra Faida Inaami
State Life Insurance Corporation of Pakistan (SLIC) has
announced the lucky winners of Tehra Faida Inaami Scheme in a draw ceremony held
here. The lucky policyholders who have won the three Bumper Prizes of Suzuki VXR
are Mr. Wazir Khan from Peshawar bearing policy No. 505184406, Mr. Arshad Javed
from Lahore bearing policy No.503410840 and Mr.Barkat Ali from Lahore bearing
policy No. 503407740, names of other lucky policyholders who won 7 motorcycles,
10 sets of 21" Color Television, Ten 1 1/2 ton Airconditioners, Ten
Refrigerators and other attractive prizes were also announced. The promotional
scheme carried 115 fabulous prizes to be distributed amongst the lucky
policyholders who have revived their lapsed policies by promptly paying their
due premiums between April 1st- August 31, 2001. Mr. Samee-ul-Hasan, Chairman,
State Life spoke on the occasion and congratulated the winners of the scheme. He
said that the success of the scheme goes to our valued policyholders. He
appreciated the efforts of marketing force for successfully procuring Rs. 7
crore 80 lacs premium while reviving 7500 lapsed policies through Tehra Faida
Inaami Scheme during its launch between April 1st- August 31, 2001. Mr. Samee
reiterated that State Life is committed to provide the quality services and
financial protection to our valued policyholders nationwide. Mr. Muhammad Aslam
Sabir, Divisional Head, Policyholders Services, presented the salient features
of Tehra Faida Inammi Scheme and thanked the members Board of Directors,
Executives, Directors, Regional Chiefs, Zonal and Divisional Heads, Senior
Corporate and Marketing Executives, prominent citizens and policyholders at
large who were present on the occassion. Earlier Mr. Sajjad Malik Regional Chief
(Central Region) presented the welcome address.
UBL to collect donations for President's Afghan
The United Bank Limited has opened a special Collection
Account No. 01-888-0001 at its various branches to accept donations toward the
President's Afghan Muhajereen Fund. Intending donors are requested to generously
contribute towards this noble cause.
Microsoft joined hands with Sir Syed University
Microsoft, a US based IT company, a leading manufacturer of
operating systems and a world's largest software vendor, formed a coalition in
the field of education with Sir Syed University of Engineering and Technology, a
biggest and first private engineering university of Pakistan that has over 5000
students, state of the art equipments and prodigious and assiduous faculty.
It creates a great sense of arrogance that we have been
selected among the number of universities in Pakistan and it is a vivid evidence
of our diligent efforts towards educational awareness. It makes us feel glad and
supposed to be a great privilege for us that we have signed an agreement with a
company like Microsoft.
On behalf of Microsoft its Country Manager, Mr. Jawad Rehman
and on behalf of Sir Syed University, Vice Chancellor, Dr. Saiyid Nazir Ahmad
signed the agreement. The signing ceremony was held on Thursday, the 1st October
2001 , in the presence of the Chancellor of the University, Mr. Z.A. Nizami,
Hon. General Secretary, Mr. M. Zakir Ali Khan, Hon. Treasurer, Mr. M. Afzal
Munif, members of the Board and the IT Advisor of SSUET, Mr. Tariq Nizami. We
hope this alliance will prove to be a milestone of our University and this
rapport will flourish as the time passes. Nevertheless, it is not only crucial
for our university but it will restore the trust of IT Industry of Pakistan as
well as the IT industry of US.
PRESS & MEDIA COMMITTEE (BITS CLUB) — IBA
GUEST SPEAKER SESSION
Another one of IBA's famous weekly guest speaker sessions was
honored by the presence of Mr. Humayun Bashir country general manager of IBM
Pakistan. The ex-co chairperson to Sindh governor's task force for revival of
Sindh economy, Mr. Humayun made an impressive presentation about the latest IBM
equipment. He talked about fiber optics communication and the slow rate of
progress in the IT field of Pakistan. The said the current growth rate is around
20% and if this continues then we surely have a long way to go. What else can
one expect from a country that allocates only 0.2% of its GDP on IT whereas our
neighbours dedicate 1.1% of their GDP which is not much but still more than
Mr. Bashir mentioned that over the next couple of years there
will be 1.4 job openings in Europe for IT and computer specialists, but with the
current political situation of our country will any of the western countries be
willing to employ Pakistanis? That can only be answered in course of time. He
basically talked about all the research work that IBM research labs are doing
all over the world and how they are contributing to improving technology and
modes of communication. He mentioned the importance of chips and at the rate its
size is shrinking, in about 15 years he has predicted that it will remain as
only silicon dust.
He also mentioned that the only people who recognize the
value of such hi fi equipment are computer literate which comprises of only 5000
software graduates in Pakistan. So it is important for us to not only recognize
it but also make use of it. He talked about equalizers, global access that IBM
offers, its speed, online applications etc. It sounded more like he was
marketing his products than educating us. Mr. Humayun Bashir and Mr. Saeed Ghani,
CCS's new chairman both mentioned the need for "reestablishing"
relationships between IBM and IBA. That probably explains the heap of Compaq
computers that were bought for the CCS labs last semester.
The CCS department's BITS Club has made it a routine of
holding a guest speaker session every Monday, which makes one wonder as to what
good it really does to the students who are forced to attend these sessions
which proves to be more of a duty than a learning experience. Recently Mr. Asif
Qureishi, CEO of Crestar, came to speak. Crestar builds and operates
telecommunication networks. Mr. Asif Qureishi spoke about e-learning. Having
done his masters from Harvard University himself, Mr. Asif Qureishi, plans to
link various universities of Pakistan to the top universities of America, like
MIT, Harvard, Cornell etc. and of other parts of the world too. Now this is
something one would call noble. This will prove to be an opportunity for most
students who cannot afford to go abroad. He said this would enable local
university students to do certificate courses from these universities. He later
plans to convert these certificate courses to degree programs. And it also
includes the availability of access to libraries online.
He also spoke about the concept of Internet 2 that supposed
to be the Internet for the next generation and is 1000 times faster than the
current Internet. He presented the architecture for Internet 2 that has been
created specially for online education and higher learning. Presently Crestar
has partnered with www.americahighereducation.com for online distribution of
American courses in Pakistan.
"CASHplus"MCB Cash Management Product
Muslim Commercial Bank Limited, Corporate Banking
Group, launched its Cash Management Product "Cash Plus" on
November 03, 2001 by signing an agreement with Tapal Tea (Pvt) Ltd.
The product which is being launched through the Corporate Banking
Group will have a clear edge over competing products because of MCB's
unmatched On-line Branch Network, which no other bank can offer in
This product will further strengthen the bank's
corporate relationship and ensure that MCB's network of branches is
utilized to deliver cost effective and efficient collection of funds
with provision of accurate and timely M.I.S. (Management Information
The agreement was signed at MCB Corporate &
Islamic Banking Group's Office, in the presence of Mr. Mohammad Aftab
Manzoor, President, MCB, by Mr. Muhammad Shoaib Qureshi, Head of
Corporate & Islamic Banking Group, MCB and Mr. Aftab Tapal,
Managing Director Tapal Tea (Pvt) Ltd. Also presents were Mr.Shafiq A.
Khan, Head of Operations, Financial Insititutions & International
Division, Mr. Shahid Sattar, Head of Commercial Banking Group-South,
Mr. Agha Ahmed Shah, Head of Investment Banking Group & Corporate
South, Mr. Y.H.Thara, Executive Director & Company Secretary Tapal,
and all Team Members of MCB & Tapal Tea (Pvt) Ltd.
PORTUGAL PROVIDES ASSISTANCE FOR DISPLACED PERSONS
As winter approaches and the humanitarian crisis in
Afghanistan deepens, the Ministry of Foreign Affairs of Portugal today
announced a joint collaboration between the Portuguese Institute of
Co-operation (ICP) and the Aga Khan Foundation (Portugal), whereby
Focus Humanitarian Assistance Europe Foundation (FOCUS) will provide
urgently needed food assistance to displaced populations in
Afghanistan. Under an Agreement signed here, the ICP will contribute
700,000 Euros for the purchase of wheat to be distributed amongst
70,000 displaced persons in Northeast Afghanistan, as part of an
extensive emergency relief operation being undertaken by FOCUS in
collaboration with agencies of the Aga Khan Development Network and
other agencies of the United Nations including the World Food Programme.
The wheat is to be distributed directly to
displaced persons in the Badakshan, Parwan and Takhar provinces which
are at serious risk of becoming completely isolated until Spring 2002.
Border closures and military action are preventing thousands from
taking refuge in neighbouring countries and making the passage of
humanitarian aid almost impossible. FOCUS's extensive logistics
capacity in Northern Afghanistan supported by a base in Tajikistan
permits it to overcome some of these challenges. The Agreement signed
will enable thousands of displaced persons to survive the two coming
critical months of the Afghan winter.
NBP Led Consortium Launches Interest Free Loan
Scheme for Students
Pursuant to the announcement made by the Federal
Finance Minister in his 2001-2002-budget speech, the Government of
Pakistan in collaboration with major commercial banks of Pakistan (NBP,
HBL, UBL, MCB and ABL) has launched a "Students Loan Scheme"
(SLS) for Education. Under the Scheme, financial assistance will be
provided by way of interest free loans to the meritorious students who
have financial constraints for pursuing their studies in scientific,
technical and professional education within Pakistan.
The Scheme will be administrated by a committee
headed by Deputy Governor, State Bank of Pakistan and the Presidents
of the five commercial banks while deputy Secretary, Ministry of
Finance would be it's member.
The objective of the Students Loan Scheme is to
provide financial assistance to the meritorious students of
insufficient means, who have obtained at least 70% marks in the last
public examination but are unable to pursue their studies due to
Loans under this scheme shall be granted to
students who are nationals of Pakistan including Northern Areas,
Federally Administered Tribal Areas (FATA) and Azad Jammu &
Students Loan Scheme will be allowed only to those
students who have been admitted to approved universities/affiliated
colleges through normal procedures.
Under the Scheme, loans may be made available in
the following disciplines:
i) Engineering ii)Electronic iii) Oil Gas &
Petro Chemical Technology iv) Agriculture v) Medicine vi) Physics vii)
Chemistry viii) Biology ix) Mathematics x) Other Natural Sciences xi)
DAWA and Islamic Jurisprudence (LL.B/LL.M Sharia) xii) Computer
Science/Information System and Technology including hardware xiii)
Economics, Statistic and Econometrics xiv) Business Management Science
Under the Scheme, students age not exceeding 20,
30, 35 years shall be eligible to apply for loans who are pursuing
their studies for graduation, post-graduation and Ph.D.
The amount of loans under the Scheme shall cover
the cost of tuition fee, books and boarding for the entire duration.
The students desirous of availing loans under the
Scheme may apply to the Students Loan Wing, Credit Group, National
Bank of Pakistan, Head Office, Karachi.