ANNOUNCEMENT

 

Aug 05 - 11, 2002

 

'HIRING IN 21ST CENTURY: CHALLENGES AND PROSPECTS

The Placement Department of IQRA University, Karachi Campus, organized a seminar on "Hiring in 21st Century: Challenges & Prospects". It was held at Pearl Continental Hotel, Karachi on Friday, July 19, 2002. Careers in the contemporary corporate environment are much more competitive than what was a decade ago. Organizations are being restructured, technologized, and reoriented to regain and stabilize strategic effectiveness and financial efficiencies. This seminar aimed at elucidating the challenges and prospects of hiring people in the corporate arena.

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 employers.

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 national team.

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 involve PSO.

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 this year.

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 Karakoram.

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 economy stronger.

The seminar ended with the vote of thanks offered by Director, IBA.

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.