Established
in 1998, KIIT is now to assume the role of a world class IT university
to be named as "Jama Al-Asr" for which a charter is likely
to be granted shortly by the government of Sindh. Having a picturesque
surrounding, Jama Al-Asr, presently KIIT, is located at "Gulshan-e-Maymar"
an island of peace within the city of Karachi which is now known for
its polluted environment, due to traffic noise, smoke emitting
vehicles and law and order hazards. When grown to its full bloom, days
are not far away when Pakistanis could mention the name of this world
class university to compete with any foreign university. KIIT aims to
reinforce its faculty with at least 20 doctors in computer science
which will make it the strongest faculty in any IT institution in the
country.
TEXTILE EXPORTS
Export of textile products
falling under quota management have registered significant growth. The
European Union has already increased quota ceilings and reduced
tariff. A similar announcement by the US administration is being
delayed mainly due to pressure of US manufacturers of textiles and
clothing who are victim of severe recession.
AUTO
Pakistani
auto industry produced a marginally more cars and LCVs in the year
ended June 30, 2001. However, the three major manufacturers —
Suzuki, Toyota and Honda, managed to post substantially improved
operating, pre-and post-tax profits, particularly Suzuki which earned
a post-tax profit compared to a post-tax loss last year. The major
cause of concern, however, remains the collectively high
under-utilization of the production capacity.
