Mar 25 - 31, 2002
PSO MAINTAINS LUBRICANTS
LEADERSHIP IN TOTALLY DEREGULATED MARKET
Pakistan State Oil (PSO) has maintained its status
of market leader in lubricants among the three major oil-marketing
companies for the third consecutive month in January 2002.
The data released by Oil Companies Advisory
Committee (OCAC) shows that PSO's market share for lubricants for the
period came to 42.5 per cent against 34.7 and 22.8 per cent of Shell
and Caltex respectively.
In terms of year-to-date figures (July 2001-January 2002), PSO has a
cumulative market share of 40.2 per cent in lubricants against 37.1
and 22.7 of Shell and Caltex respectively.
What is remarkable is that PSO has achieved this
status in a totally deregulated industry that is currently facing a
downward trend and is down by 10.4 per cent.
Along with this development, PSO has added a new
petrochemical "Ethyl Acetate" to its current product range,
increasing the number of products marketed for the chemical industry
to 10. Ethyl Acetate is used in industrial lacquers and enamels like
photographic film, adhesives and nail varnishes. It is also used as an
extraction solvent in the production of pharmaceuticals and food and
as a carrier solvent for herbicides. An environmental use for Ethyl
Acetate is in the reduction of pollution associated with wood pulping,
while improving the economic viability.
The entire parcel of new chemical "Ethyl
Acetate" has been sold in advance.
STRENGTHENED THE SOCIAL AND HUMAN CAPITAL OF THE POOR" - GHALIB
"Success of Khushhalibank has shattered the
myth that destitute people cannot save and manage themselves
financially." Says Ghalib Nishtar, President Khushhalibank.
"We have disbursed about Rs. 255million to the needy people and
our recovery rate is nearly 100%. Out of the 27,000 loans that we have
serviced, approximately 40% of the borrowers are women. Khushhalibank
is operating in 30 districts of Pakistan," he added.
Speaking at the IBA- HBL Conference on Banking and
Finance Ghalib Nishtar emphasized the global challenges to poverty
alleviation. He said about 1.3billion of the world's population are
living in abject poverty — without adequate food, clean drinking
water, sanitation or health care and also without education.
"There is a consensus among the Development Community that if
development is to be meaningful it must eliminate poverty."
Ghalib Nishtar also reiterated the achievements of
Microfinance stating that the concept of Microfinance has shattered
the myth that poor cannot and do not save. Microfinance has also
proven the creditworthiness of the poor. Khushhalibank in Pakistan has
strengthened the social and human capital of the poor, especially
women. KB has triggered a process of broadening and deepening of rural
financial markets, and its success has proved that a large number of
people can be reached and be assisted in improving the quality of
FAREWELL TO CONSUL GENERAL OF
Recently, French consul general, Gilles Bonnaud who
is also the current Dean of the diplomatic corps in Karachi hosted a
reception at his residence to bid farewell to the consul general of
Japan and Mrs. Kazumi Dekiba.
Speaking on this occasion, Mr. Bonnaud highlighted
Mr. Dekiba's academic and professional achievements and lauded the
impressive Japanese commercial, industrial and cultural presence in
Karachi. He praised Mr. Dekiba's efforts in promoting goodwill and
friendly relations between Japan and Pakistan. He also appreciated the
co-operation extended by Mr. Dekiba to his diplomatic colleagues
during his tenure in Karachi.
On behalf of Karachi's diplomatic corps, the Dean
congratulated the Japanese consul general on his nomination as
ambassador to Tanzania, wished him goodluck in his future assignments
and presented a beautiful silver memento to the outgoing diplomat.
Addressing the diplomatic corps and eminent
journalists present to bid him adieu, Mr. Dekiba declared that he was
highly satisfied with his stay in Pakistan and was departing with
pleasant memories. He thanked his colleagues, his numerous friends,
the press and the local authorities for it. He also extended an
invitation to them to visit Tanzania as his personal guests.
NCR SIGNS IBA FOR DATA
NCR Corporation has signed agreement with Institute
of Business Administration (IBA) to introduce data warehousing course
at both undergraduate and masters level.
IBA starts teaching data warehousing course as part
of the NCR University Program and begins classes from Jan 2002. NCR
has already signed agreements with other four universities including
LUMS, NUST and NUCES (previously FAST) for their campuses in
Islamabad, Lahore and Karachi.
This Data Warehousing Program is being started as
part of the computer science curriculum and will be subsequently
introduced at the higher levels. NCR a world leader in Data
Warehousing is committed to transfer of knowledge and technology in
Pakistan, with the aim of preparing the IT professionals to meet the
challenges of the 21st century and enhance their skill sets at par
with the international standards.
In its first phase, NCR launched a unique
University Program on Data Warehousing in Pakistan which includes
investments in the form of hardware, software, train the trainer
program and development of course materials. Syed Veqar ul Islam,
Country General Manager, NCR said, "The program is aimed at
enhancing the knowledge base and skill set in Pakistan. Data
Warehousing has become very popular strategic tool among organizations
worldwide, striving to gain competitive edge in the global
NCR begins the second phase of the University
Program from this year whereby more universities will be selected to
impart data warehousing training and expertise to their graduates and
master students in top IT and Business universities of Pakistan.
President Institution of Engineers Pakistan presenting IEP Crest to
Dr. Abdul Hafeez Shaikh, Minister for Finance, Planning &
Development, Government of Sindh.
SME CHIEF VISITED ORANGI
The chief of Small and Medium Enterprises Bank Ltd.
Mr. Tariq Khan Baluch visited Orangi area and exchanged views with
shopkeepers, small industrialists and owners of cottage industries.
He paid visit to the area on the invitation of
local social welfare leader Prof. Aslam Ansari.
While talking to the small industry traders at the
office of Anjuman-e-Tajran, Pakistan Bazar Orangi Town 8, 9, 111/2
sectors after his visit, he informed them about the procedure of the
loan facilities given by SME Bank to the small industry traders.
He said that previously loans were given to those
persons who greased the palm of the officials. But President General
Pervez Musharraf changed the system and strictly eliminated this evil
from banks. Now only genuine and deserving persons will be given loan
after thorough scrutiny the check. He praised the small traders of
Orangi for their dedication to their profession and craftmanship.
On the occasion, Mubashir Ahmed and Talqz Shaikh of
SME Bank, Habibullah Qureshi, President ATP Orangi, Prof. Aslam Ansari,
Shamim Khan, Dr. Imam Ansari, Naseem Ansari and Sarfraz Alam Naserazem,
also accompanied him.