Shell fuel is checked and maintained. Shell's
QCU network is the most widespread & comprehensive in the country,
offering quality and quantity checks at all Shell & PBS sites in
Pakistan. Customers showed a keen interest, and admired the range of
equipment used for Quality assurance. QCU officers informed customers of
the Quality Control process, and answered their questions.
Inside, the shopping mall took on a festive look,
decorated with countless Shell Quality Weekend balloons, banners &
flags. Fuels, Lubricants (Helix) and Select stalls were set up in the
Park Towers lobby. The stalls offered people information about Shell
products, and a chance to play games & win tons of prizes. Lucky
draws were held every two hours giving people a chance to win a range of
Customers were thrilled with all the arrangements and
the response was incredible. On both days, people queued for hours for a
chance to play the Shell theme games. Crowds cheered as participants
attempted to 'Head for Shell... Head for Prizes', or 'Select a Fortune'
or 'Hoop-a-Lube'. The show's compere roamed the floor and talked to
customers. A camera following him provided a live video feed to a
projection screen so customers could actually see themselves on TV.
People said that they appreciated Shell's efforts to bring them an event
that was unique, entertaining and informative.
MOHAMMAD ALI JINNAH UNIVERSITY
Dr. Abdul Wahab has joined Mohammad Ali Jinnah
University, Karachi as its new president (Vice- Chancellor). Dr. Wahab
brings with him rich experience of being Director IBA for 18 years,
where he introduced several job-oriented programs and developed close
linkages with the Industry.
Dr. Wahab also served as Dean, Faculty of Business
Administration, University of Karachi, for 12 years. As Vice-Chancellor,
University of Karachi, Dr. Wahab introduced several new programs and
brought complete academic, financial and administrative discipline in
the largest university of Pakistan.
Dr. Wahab has an MBA from IBA, another MBA
(International Marketing) from Indiana University, USA, and a PhD
(International Business) from the University of British Columbia,
Canada. He has also attended courses in International Marketing at
As a consultant to the Export Promotion Bureau for
seven years, Dr. Wahab organized training programs for exporters in
major cities of Pakistan in collaboration with local chambers of
commerce and industry.
Dr. Wahab has several research publications to his
credit. At the invitation of Japan Foundation, he spent one year in
Japan to complete an in-depth study on Japanese management and export
marketing strategies. Dr. Wahab was also associated with UNDP training
programs for East and South Asia. He contributed a lot to the training
programs organized in this region. He has visited numerous countries in
connection with his professional responsibilities. His key areas of
interest include multinational corporations, foreign direct investment
and International business. Dr. Wahab was a member of the Board of
Directors of Habib Bank. He was also a Director of Karachi Stock
Exchange. In recognition of his services to the cause of education, Dr.
Wahab was awarded Sitara-e-Imtiaz by the President of Pakistan.
PICIC COMMERCIAL BANK OPENS 32ND BRANCH AT ISE
PICIC Commercial Bank Limited under its expansion
plan of opening of 22 more branches during the year 2002 opened its 32nd
branch at Islamabad Stock Exchange which v/as inaugurated by Mr. Altaf
M. Saleem, Federal Minister for Privatization, Govt. of Pakistan.
On this occasion, Chairman of the Bank, Mr. Muhammad
Ali Khoja, delivered welcome address to the guests and informed the
sound reasons for purchasing the bank in February 2001 by PICIC. He also
enlightened the guests about PICIC Vision - 2005 which aims to achieve
diversification of business in related financial fields to make PICIC a
"True Financial Super Market".
Mr. Muhammad Bilal Shiekh, President & CEO of the
Bank, while speaking on the occasion, highlighted the unprecedented
results achieved by the Bank, which registered exceptional growth in all
key financial areas as on 30th June, 2002.
MCB-REFURBISHED, RECORDER HOUSE BRANCH
MCB-Refurbished, Recorder House Branch at Karachi
inaugurated jointly by Mr Arshad Zuberi, Dy Chief Executive, Daily
Business Recorder and Mr Mohammad Aftab Manzoor, President Muslim
Commercial Bank Ltd in a simple ceremony attended by distinguished
customers and senior executives of the Bank.
DAWOOD LEASING CO. ISSUES SECOND TRANCHE OF TFCS
The Financial Institutions Division of Muslim
Commercial Bank Limited (MCB) in conjunction with Aqeel Karim Dhedhi (AKD)
Securities (Pvt.) Ltd. have advised and arranged the second tranche of
Dawood Leasing Term Finance Certificates (TFCs). MCB is the largest
private sector commercial bank in Pakistan while AKD Securities, joint
arranger and advisor for the issue, is one of the largest brokerage
firms operating in the Karachi Stock Exchange.
The Securities and Exchange Commission of Pakistan (S.E.C.P.)
has given approval to Dawood Leasing Company Limited to issue TFCs for
Rs. 250 million. The TFC has been rated "A+" by PACRA and is
being launched approximately ten months after the first tranche, which
was successfully oversubscribed in September 2001. The second tranche is
scheduled for public subscription by the end of this month. Out of the
total issue size of Rs. 250 million, commitments for Rs. 200 million
have already been received through the pre-IPO placement and the balance
Rs. 50 million is being offered to the general public. The issue is
offering a minimum return of 12.25% per annum and this attractive
minimum return in today's decreasing rate environment is expected to
draw finds higher than the offered amount. In order to enable as many
investors to avail of this attractive return, S.E.C.P. has allowed a
Greenshoe option whereby, in case of over subscription, Dawood Leasing
will have the option to retain up to Rs. 95 million apart from the
public subscription of Rs. 50 million.
LOYALTY CARD AIMED AT CUSTOMER GAINS: KIRMANI
The Managing Director of Pakistan State Oil (PSO), Mr
Tariq Kirmani, on Wednesday said that the first-ever plastic-card in the
POL industry was a truly innovative idea that promises immense benefits
to the company's loyal customers.
Mr Kirmani was speaking at the launching ceremony of
the 'PSO Loyalty Card' at a company-owned and company-operated (CoCo)
outlet in the Clifton area.
Mr Kirmani urged the dealers to attract new customers
through aggressive marketing measures such as the PSO Loyalty Card. He
also emphasized the importance of continued training of station
PSO's technology partner in this strategic new
e-business venture is M/s ORIX Leasing that has provided PSO with the
most advanced state-of-the-art Hypercom hardware and software.
The card entitles customers to earn 'PSO Loyalty
Points' on every purchase of fuel or lubricant. The points accumulated
can be later redeemed from PSO's Merchant/Consortium that covers a wide
range of categories to choose from or from PSO's own stations that offer
petrol, hi-octane, diesel or lubricant.
The card, which is free-of-charge (for a limited
period), is being offered first in Karachi, Lahore and Islamabad/Rawalpindi.
It will remain valid for a year and feature as a 'discount card' at a
number of leading merchants and restaurants. The launch shows that
consumer is and will always continue to be most important to PSO, the
largest oil marketing company in Pakistan.
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PICIC BANK DEPOSITS INCREASED BY 90%
The half yearly accounts of the PICIC Commercial Bank
Ltd., depicting excellent performance have been approved by the Board of
Directors of the Bank in their meeting held on 15th July 2002. Results
have shown unprecedented growth in all the key financial areas over the
corresponding period of last year i.e deposits grew by 90%, profit
increased by 41%, trade related business enhanced by 75%, advances
increased by 64% and classified advances reduced by 55%.
The notable volumes and increase in market share have
been viewed with appreciation by the Board of Directors. This has been
the result of unstinted support and untiring efforts of the management
The bank's equity base is Rs. 1.084 billion. Within a
very short period of time, PICIC Bank has established a commendable
track record and generated very impressive returns for both, the
depositors and the share holders. The Board of Directors appreciated
efforts put in by the management and staff and affirmed their faith in
the dynamic leadership and hoped that remarkable achievements will
continue in the current year and beyond.
Mr. Tariq Kirmani, Managing Director, PSO, launching
the PSO Loyalty Card at a company-owned and company-operated retail
outlet in Clifton.