Dec 10 - 16, 2001
Businessweek in its latest online edition (www.businessweek.com/bschools)
has listed Shaheed Zulfikar Ali Bhutto Institute of Science and
Technology (SZABIST) among the leading business schools of the world.
SZABIST is listed along-with other top schools of the world including
Wharton, Kellogg, Harvard & MIT. Only 16 business schools from
Asia were chosen to be listed in Businessweek. SZABIST is the only MBA
School from Pakistan to be recognized by Businessweek.
term contract for supply of HSFO for year 2002
Pakistan State Oil (PSO) has awarded term contracts
for the supply of 2.3 million tons of High Sulphur Fuel Oil (HSFO) for
2002 to three bidders. The contract has been split among the three
parties with a view to avoid refinance on one party and encourage more
PSO had invited bids from pre-qualified suppliers
of petroleum products through newspapers on November 1, 2001 for the
supply of 2.3 million tons of HSFO during the period January to
December 2002 on term contract basis. The bids were opened in a
transparent manner on November 16th, 2001 in the presence of bidders
and their representatives. Eight international suppliers/traders
participated in the bids.
M/s Bakri International Energy Limited of Saudi
Arabia got 50 per cent quantity while M/s Hascombe Limited of London
and M/s Fal Oil Company of Sharjah were awarded 25 per cent each.
PSO has awarded the contract to three different
suppliers with a view to avoid reliance on one party and encourage
Meanwhile, the validity of bids for the supply of
LSFO has been extended up to December 10th. The contract for LSFO,
therefore, would be awarded soon.
PAKISTAN SEEKING DEBT RE-PROFILING
The Governor State Bank of Pakistan, Dr. Ishrat
Hussain stated that Pakistan was negotiating to re-profile its foreign
loans with USA and other countries. He was speaking at a Seminar at
the Bahria Institute of Management & Computer Sciences, Karachi.
The Governor said that re-profiling was a better deal than the
re-scheduling of loans. He clarified that in re-profiling, the
repayment capability of the borrower is taken into consideration.
Thereafter the borrower country is allowed to continue to make the
suitable re-payment for a longer period on a yearly basis. The
governor SBP stated this relief is more helpful for the borrower as
compared to the re-scheduling in which case the payment was deferred
to a future date, which ultimately inflates the future amount. The
Governor also announced that the State Bank of Pakistan has decided to
launch a scholarship scheme for the meritorious students for higher
The Seminar was organized by the Economics Society
of the Bahria Institute of Management & Computer Sciences,
Karachi, a major constituent unit of the federally chartered Bahria
University, Islamabad. The topic of the Seminar was " Lifting of
Sanctions on Pakistan — Challenges and Prospects for our
Economy." Other Speakers in the Seminar included Mr Sirajuddin
Aziz, Executive Incharge, Treasury & International Banking
Division, Bank Alfalah Limited and Mr. A. B. Shahid, Managing Director
& Chief Executive, Pak Gulf Leasing Company Limited.
Pacific opens "The Pier"
Cathay Pacific Airways opened the doors to The
Pier, its new lounge at Hong Kong International Airport. The Pier
offers a number of new features including a Juice Bar, exclusive
Day-Break Rooms, three bars and two restaurants, 60 broadband
connected computers and a wireless LAN for connecting with laptop
computers. It is located between gates 62 and 66 and so is ideal for
passengers transiting or departing from gates near the Northwest
concourse of Hong Kong's vast modern airport.
and P@SHA Seminar on .Net technology
Microsoft recently organized a one-day seminar on
".Net technology" in collaboration with Pakistan Software
Houses Association (PASHA) at a local hotel. The members of PASHA and
professionals from all the major software houses attended the seminar.
Mr. Imran Aziz, Program Manager, Ebiz Portal
Solutions and .Net Enterprise Servers, Microsoft Corporation, USA, was
the guest speaker at the seminar. He emphasized on the importance of
".Net technology" in today's emerging business
opportunities. Mr. Aziz has a strong background in various development
technologies with specific focus on Microsoft Ebiz Servers- BizTalk
Server, Content Management Server, SQL Server and Software Development
practices using C++, C+, Visual Basic (VB) and .Net framework.
. Net is Microsoft's platform for XML (Extensible
Markup Language) web services. XML web services allow applications to
communicate and share data over the Internet, regardless of operating
system or programming language. The Microsoft .Net platform includes a
comprehensive family of products, built on XML and Internet standards.
The five areas where Microsoft is building the .Net platforms today
are: Tools, Servers, XML Web Services, Clients and .Net experiences.
Mr. Imran Aziz, who is based in Seattle came to
Pakistan to elaborate the specific needs of the .Net technology, .Net
Enterprise Servers and the developer technologies worldwide. While
answering to questions of the participants, Mr. Imran Aziz said,
"Undoubtedly, Pakistan's software industry is in its infancy but
there is a great potential, furthermore, it is developing at a very
fast pace which is encouraging". He also appreciated PASHA and
Jawwad Rehman's (Business Development Manager, Microsoft Pakistan)
efforts for arranging such seminars. He also highlighted in detail
about Microsoft's technology, the local software industry and the
latest issues in the global technology.
During the seminar Mr. Jawwad Rehman, Business
Development Manager, Microsoft Pakistan, said, " We want to
continue the process of education in .Net technology and to encourage
the local IT market to effectively compete in the global software
industry". Syed Hamza Matin, President PASHA commented on the
.Net Seminar and said, "Seminars like these should be held
Founded in 1975, Microsoft is the worldwide leader
in software for personal and business computing. The company offers a
wide range of products and services designed to empower people through
great software-any time, any place, and on any device.
Microsoft and P@SHA (Pakistan Software Houses
Association) organised a seminar on ".Net Technology" in
Karachi recently. Picture shows (L-R) Mr. Imran Aziz, Program Manager,
Microsoft Corporation, USA; Syed Hamza Matin, President P@SHA and Mr.
Jawwad Rehman, Business Development Manager, Microsoft Pakistan
briefing the audience about the ".Net Technology" and the
trends in Pakistan's software industry.