Apr 01 - 07, 2002
SEMINAR AT DADABHOY
Mr. Qutubuddin Aziz, a former minister for
Information at Pakistan Embassy in UK, has urged the nation to shun
sectarianism and work for building a better, bigger and stronger
Pakistan as envisaged by the founder of the nation, Quaid-e-Azam
Muhammad Ali Jinnah.
Addressing a seminar at Dadabhoy University on
Quaid-e-Azam and his vision of Pakistan, he said Muhammad Ali Jinnah
had visioned a Muslim state, based on fundamentals of Islamic
principles with gender equalities where all should work shoulder to
shoulder for the development of Pakistan.
He said Quaid-e-Azam Muhammad Ali Jinnah believed
in equal rights for minorities and was a liberal in his thinking since
his students days. He, however, believed in Islamic ideology and
married Ratti, his second wife, only after she embraced Islam.
He said Quaid-e-Azam Muhammad Ali Jinnah laid great
emphasis on education and praised the services of Dadabhoy family for
the promotion of cause of education in the country.
Earlier, Vice-Chancellor, Prof. Hasnain Kazmi
welcomed the guest speaker while Dr. Rafique Ahmad Khan presented vote
of thanks. The lecture was followed by question- answer session.
KARACHI SHERATON'S NEW
Mr. Nabeel Sheikh has recently been promoted to the
post of Director of Guest Services, Karachi Sheraton Hotel &
Towers where he will directly be responsible for the total operation
of 407 rooms and all front of the house concerns of the hotel. Mr.
Sheikh will be overseeing the operations of the Receptions, the Towers
and Smart floors, the Concierge and Valet services, the Business
Center, the Telephones and the Protocol and be responsible for
maintaining the high standards set by Karachi Sheraton Hotel &
Towers in each work area.
A young, aggressive and highly professional
individual, Nabeel Sheikh joined the Karachi Sheraton Hotel &
Towers in December 1992 in the Banquet Sales Office as a Coordinator,
moving up the ladder to become the Banquet Sales Manager within a
short while. Prior to his current position as Director of Guest
Services Mr. Sheikh was associated with the Sales & Marketing
Department and in-charge of Revenue Management of the hotel. Well
known for his silent demeanor and leadership qualities, Nabeel Sheikh
enjoys music and movies in his spare time.
"Nabeel Sheikh has been instrumental in the
success and growth of the Karachi Sheraton Hotel & Towers over the
past years," comments Mr. Thomas van Opstal, General Manager,
Karachi Sheraton Hotel & Towers. "With this move, we look
forward to a positive contribution of his diverse experience at the
Karachi Sheraton towards a development in the hotel's renowned service
Karachi Sheraton Hotel & Towers, the only
internationally-managed five star hotel in Pakistan, is a part of
Starwood Hotels & Resorts Worldwide, inc. which has more than 700
hotels in 76 countries and takes pride in the quatity of staff it
hires all over the world to bring about consistency in service in
whichever Starwood property you experience.
PICIC COMMERCIAL BANK LTD.
The Eighth Annual General Meeting of PICIC
Commercial Bank Limited was held at Beach Luxury Hotel, Karachi. The
meeting was attended by a large number of shareholders and was
presided over by Mr. Muhammad Ali Khoja, Chairman of the Board of
Mr. Khoja in his address to the members reviewed
Bank's performance during the year ended 2001 along with management's
plans for future growth of the Bank, which were highly appreciated by
the shareholders. The shareholders of the bank also praised the
endeavors of the management towards reduction in operating expenses
and increase in profitability.
The members expressed keen interest in the affairs
of the Bank, its operating performance and raised several questions on
the annual accounts ending 2001, which were answered to their
satisfaction by the Chairman, President and management
representatives. Thereafter the members delightedly approved the
audited accounts of the bank for the year ended 31st December 2001.
The shareholders also approved the issue of bonus
and right shares as recommended by Board of Directors in the
proportion of 25 and 40 shares respectively for every 100 shares.
Further M/s. A. F. Ferguson & Co., Chartered Accountants, were
re-appointed as Auditors of the Bank for the year 2002.
MEETING OF EXECUTIVE
COMMITTEE OF MODARABA ASSOCIATION OF PAKISTAN
The 72nd meeting of the Executive Committee of
Modaraba Association of Pakistan was held on Tuesday in the office of
First Fidelity Leasing Modaraba at Lahore under the Chairmanship of
Mr. Basheer A. Chowdry. The meeting was attended by the members of
Karachi and Lahore and discussed various issues of day-to-day
operations of the Modaraba sector.
In addition, the Committee reviewed the performance
of the Modaraba sector in the perspective of the macro-economic
situation of the country. The Committee members showed their
satisfaction over the steps taken by the government to further
accelerate the economic growth.
Mr. Basheer Chowdry, emphasised on the improvement
of self-regulatory mechanism to protect the interest of the
certificate holders and also to ensure handsome payout to the
certificate holders through good corporate governance and quality
INVESTMENT IN HUMAN CAPITAL
Dr. Aynul Hasan, Coordinator, Poverty Centre Office
of the Executive Secretary ESCAP, Bangkok said sustained investment in
human capital is a prerequisite to a country's rapid and long-lasting
economic development. He said this while delivering a talk on
"The Role of Human Capital in Economic Development: Some Myths
& Realities", at the Preston Institute of Management, Science
& Technology (PIMSAT) Islamabad campus.
Dr. Hasan stated that according to a study
conducted recently it was observed that in the past three decades,
among other things, the nations in the Asian Region with broad-based
healthy human capital (such as East Asian developing countries) grew
faster than the ones (such as Asian least developed countries and
South Asian developing countries) where these elements were missing.
The experiential results in the referenced study corroborated the
premise that there is an important link between healthy human capital
and rapid economic development of a country.
He said that under similar economic predicaments
with comparable per capita incomes in the 1960's, some countries (such
as East Asian developing countries) were investing far more in human
capital and health sectors on a per capita basis than the other
nations (such as Asian least developed countries and South Asian
developing countries). This fact, he maintained, substantiated the
point that it is the commitment and priority of a nation rather than
other economic factors alone that enabled East Asian developing
countries to invest and build up their human capital base even when
they were all equally wealthy or equally impoverished.
TERADATA SEMINAR ON CRM IN
Teradata, a division of NCR organizes a seminar on
"CRM in Banking, Realizing the Promise". This is first of
its kind seminar in Pakistan which was focused on the financial sector
especially banks and insurance. The objective of the seminar is to
create awareness in the space of Customer Relationship Management in
the banking industry.
Syed Ali Reza, President, National Bank of Pakistan
was the Chief Guest at the Seminar. He highlighted the importance of
information technology by keeping in view the current scenario. He
also discussed that in order for local banks to be emerged as
champions, they need to get focus on Information technology. He also
mentioned the competition from foreign banks has really changed the
functioning of existing banks in our country.
The most important thing in the present scenario is
to have access of detailed information so that a better
decision-making can be done. While praising NCR in brining new
technologies to Pakistan, he also said, that technologies like
Datawarehousing and CRM can help the organization in effectively doing
planning, and taking timely and corrective actions.
Syed Veqar ul Islam, Country General Manager, NCR
gave his views about CRM as well as the development of Information
Technology in Pakistan. Mr. Islam said that this seminar would create
better awareness of using IT for better-informed decision-making. He
said, "the era of data processing and information gathering is
over. This is the era of using the data to turn into information,
information into knowledge and wisdom, and wisdom into relationship
Mr. Michael Spanaodues, the Area Solution Team
Leader & Specialists in Banking & Insurance Industries, NCR
Middle East Africa Region gave a detailed presentation on CRM and its
uses in the Banking environment. He talked about Account
Profitability, Channel Analysis & Planning, event based marketing
and converting sales leads into actual business for the banks. He also
covers a broad range of concepts that can be very helpful for the
Banking Industry in Pakistan. Another speaker for the event was Mr.
Tabish Sabah, Account Director, Teradata Division and he spoke on the
subject of Contact Center Solutions. He talked about of giving more
channels to the customer to have access to information and the contact
center should be linked to the Datawarehouse to do better analysis and
effectively better decision-making.
This has reference to the news items reported in
the press recently regarding Adamjee Insurance. MCB in its normal
course of business invests in shares of public listed companies for
the benefit of the Bank in accordance with law.
MCB has been advised that the suit filed by Adamjee
is unjustified and frivolous and accordingly the Bank shall fully
defend its legal position in Court.
MCB in deference to law does not wish to comment on
the merits of the case, as the matter is subjudice.