Renowned Human Resources Specialists were invited to
share their views namely Dr. Mirza Abrar Baig, Head Human Resources,
National Bank of Pakistan, Mr. Navroz Surrani Personnel Director, The
Aga Khan University, Mr. Leon Menezes, General Manager, Human Resources,
Shell Pakistan Ltd., Mr. Azhar Iqbal Mir, Chief Executive, ASMAAMMS, Dr.
Syed Irfan Hyder, Dean & Vice President - PAF KIET.
The seminar was sponsored by Pakistan State Oil,
Instaphone (PakCom Ltd.), Telecard Ltd., Inbox Business Technologies, LG
Home Appliances (Hanaska International), Pakistan Beverages Ltd.
(Pepsi), Kalpoint.com, Roche Pakistan Ltd., National Insecticides
Company (Pvt.) Ltd., Rhodia Pakistan Ltd. and AURORA (Dawn Publications)
Mr. Ahsan Durrani, Director IQRA University (AMI)
Karachi Campus gave his concluding remarks and vote of thanks to the
esteemed speakers and the sponsoring companies. He also presented the
plaques to the distinguished speakers at the end of the seminar.
Lots of Human Resources Specialists and Recruitment
Heads from various organizations attended this event. Further this
seminar provided an opportunity to the IQRA students to listen, observe,
and meet the Corporate Managers face to face so that they can develop a
candid awareness of the needs and expectations of their future
The distinguished speakers were highly appreciative
of the excellent arrangements made for the holding of seminar and
especially thanked the Placements Department of the University.
PSO SPONSORS PAKISTAN HOCKEY TEAM
Pakistan State Oil (PSO) has signed a sponsorship
package with the Pakistan Hockey Federation (PHF) to support the
According to the sponsorship package, PSO will be the
official fuel company of PHF during the stipulated term of the
agreement. Also, Pakistan players will wear PSO logo on their sleeves
and shorts on international and domestic tours. Moreover, the
nomenclature of domestic hockey championships for the year 2002-03 will
Welcoming PSO's contribution to hockey, the President
of Pakistan Hockey Federation, General Aziz Khan, has said that PSO had
helped the PHF in their hour of need and had sponsored the national
team's foreign tour. He added that with the help of the sponsors, PHF
had made arrangements to provide the Pakistan team with all the trarning
opportunities in the best possible manner.
PSO recently entered the cricketing world with the
sponsorship of the Pakistan-New Zealand cricket series.
Pakistan's largest oil marketing firm has also been
patronizing squash and golf in the country and is one of the main
sponsors of the CNS Golf Tournament 2002 that tees off at the Karachi
Golf Course on Thursday.
The company sponsored the President of Pakistan Gold
Medal Golf Tournament-2002 that was played at Islamabad Golf Club early
PSO was also the official sponsor of the Chief
Executive of Pakistan Gold Medal Open Golf Championship 2001, which was
held at the Rawalpindi Golf Club on April 14-17 last year.
EVACUATION DRILL CONDUCTED AT PSO HOUSE
An evacuation drill was conducted at PSO House on
Thursday July 18th, 2002. The drill was carefully planned and executed.
More than 700 personnel were safely evacuated from more than nine floors
in a short period of four minutes and 30 seconds. A standby ambulance
and company doctor were present to give first aid if necessary. However,
no injuries were reported from any quarter.
The Senior Manager of Health Safety and Environment,
PSO, supervised the drill. "It is PSO's aim to ensure that our HSE
standards are second to none," he told the employees.
FWO ON THE PATH OF PROGRESS
Under the supervision of Pak Army, FWO, is the
country's biggest Civil Engineering establishment, which has completed
since 1966, country's biggest construction projects like Shahrae
Recently, FWO has added to its credit, by signing
letter of intent with Punjab Government to complete Lahore, Sheikhupura,
Faisalabad Expressway on the basis of BOT. This agreement will open new
chapter for the future of FWO. Being life line for trade the Lahore,
Sheikhupura, Faisalabad Road, after completion make easy access to trade
centres. FWO is also allowed by the Punjab Government to take tool tax
for next 25 years from this expressway.
POST BUDGET SEMINAR 2002-2003
The Post Budget 2002-2003 seminar was held on
20-06-2002 at Professor Nabi Bakhsh Daudpota Auditorium, IBA building,
Institute of Business Administration, University of Sindh Jamshoro. The
Chief Guest was Mr. Mazhar ul Haq Siddiqui, Vice-Chancellor, University
of Sindh, Jamshoro. The proceeding of seminar opened up with the
recitation of Holy "QURAN". Professor Dr. Anwar Ali Shah G.
Syed, Director, IBA, University of Sindh, Jamshoro introduced the guest
speaker Professor Dr. Khawaja Amjad Saeed, Founder Director, IBA Lahore
and Former Pro-Vice-Chancellor University of Punjab, Lahore. Director,
IBA also highlighted the Impact of budget 2002-2003 on the Pak economy.
Director said: The proliferation of exemptions, infirmities of tax law,
deficiencies in collection and widespread evasion have eroded our tax
base. The exemptions, well meant are often abused by the undeserving.
The subsidy being given to WAPDA and KESC has been reduced
substantially. It will aggravate the health of these so-called
non-profit making and sick units. On the other hand consumers will be
required to pay in full the GST on their power bills that will seriously
jeopardize the living standard of common person.
Massive surge in the prices of vegetable ghee and
edible oil is another serious blow in the face of common person to
compel him to lead difficult life. He further added that an amount of Rs
2.6 billion has been earmarked for the education sector in the budget
2002-2003. It needs to be augmented to ensure sound qualitative
education. Investment in education will produce efficient human
resources that will ensure a streamlined economy. Another landmark of
new budget estimates is to increase the funds by 3 per cent for PSDP
(Public Sector Development Program) to implement it successfully.
Director said a free and democratized economy could breed the
investment-friendly and growth-oriented budget.
Dr. Khawaja Amjad Saeed the Guest Speaker delivered
comprehensive and informative lecture on the budget 2002-2003 and set
forth its main features. He said: In the budget 2002-2003 the
worth-noticing point is a significant reduction in the current
expenditure, mainly in the allocation for debt servicing which has been
reduced by 12 per cent. The funds saved may help in stirring economic
and developmental growth activities locally. The economic scenario has
been worsened since the events of September 11 and December 13.
Besides the long drought has seriously deteriorated
the output of agricultural sector. Foreign Direct Investment in the
country has been reduced massively, the rate of inflation and
unemployment are soaring high in every passing day. We are caught up by
vicious circle of problem that has crumbled our economy. We have to wash
off the aftermath of all these problems and to halt the recession. For
that we must improve the climate for investment and must ensure peace
and stability, economic growth and sustainable development, Energy and
Power generation, a streamlined Bureaucracy, restore macroeconomic
stability and to improve Governance.
In order to hoodwink the people some duties on cars
have been curtailed that will only benefit to the rich. The overall
fiscal deficit (OFD) fixed at 4 per cent seems to be unattainable and
unjustifiable, keeping in view past year's record. As a result the fear
of being bankrupt by international donors is hanging like sword of
Damocles over the head of nation. He also highlighted the measures taken
by Government to alleviate poverty from the country by launching
programmes such as Khushal Pakistan programme, Food support programme
and Micro credit facilities. But the poor are not properly benefited
from such programmes due to multiple reasons. Government must integrate
holistically all the economic, social and governance policies in order
to transfer the ultimate advantage of these policies to the poor. To
upgrade the living standards of the poor, government has to promote the
production use of the poor's most abundant asset-labour. It requires
that we must device policies that harness market incentives, social and
political institutions, sound infrastructure and technological
advancement with rapid pace.
He further said we are not self-dependent and
self-reliant. We mostly rely on external aid. In order to put our
derailed economy on the right track, we must cultivate the habit of
relying on our own resources. In the last he said we need common people
budget to ensure prosperity in the country.
THE SEMINAR WAS FOLLOWED BY QUESTION-ANSWER SESSION.
Vice-chancellor said in his presidential remarks that
government has to take measures to build confidence of local investors
and to create credibility into the minds of foreign investors. It will
help in creating employment opportunities. He said strength of nation is
not arm force but economy. We must emphasize on bolstering up our
economy. He further added that we can get our economy strengthened
through knowledge and it is possible when there is knowledge-based
society. It calls for heavy investment in education in order to make our
The seminar ended with the vote of thanks offered by
MISLEADING STATEMENTS ON COTTON SITUATION
Mr. Nadeem Maqbool, Chairman, All Pakistan Textile
Mills Association (APTMA) has expressed concern at news reports quoting
official sources for imposition of import duty on raw cotton and calling
for abolition of free trade in cotton. He said that these type of
reports are aimed at destabilizing the cotton economy which plays a
crucial role in the countr's exports. Mr. Nadeem Maqbool said that the
Government has already announced the cotton policy of support price and
free trade in cotton and the same has been approved by the Economic
Coordination Committee and the President of Pakistan. He said that the
new season is around the corner and at this time all stakeholders and
the Government should work towards a common goal for promotion of the
economy and not indulge in trying to influence stated Government policy.
With respect to stocks, Mr. Maqbool said that certain
quarters were indulging in floating the idea of high end season stocks
and this had resulted in sending a wrong message to farmers to reduce
the sown area. He said that the stocks of cotton with mills were only
sufficient for one month's consumption and that the mills were actively
engaged in active procurement. He cited the example of the sharp rise in
prices in the last one month and also that the new crop was selling at
Rs. 1950/- which was above the support price guaranteed by the
Government. He claimed that these quarters were trying to mislead the
Government but in reality the situation was totally different and
various Government committees had already discussed this matter in
detail and agreed that the end season stocks were not a matter of
concern and would not affect new crop market prices.