Sep 02 - 08, 2002



Preston Institute of Management, Science and Technology (PIMSAT) Karachi, Islamabad Campus, organized an Education Seminar. Prospective students including corporate executives desirous of seeking admission in the regular and executive programs being offered by the institute at the bachelors, masters and executive masters level thronged the seminar with enthusiasm. Preston organizes such seminars with the launch of its admission campaigns, six times every year, to

furnish detailed information on the Institute's academic programs. The students who participated in the seminar evinced keen interest in the academic programs of the Institute. They particularly appreciated the consistent policy of the Institute to offer more than 3000 scholarships to the needy and meritorious students every year. They also praised the high quality of the academic programs PIMSAT is currently offering at different levels and fields of higher education.


Teradata, a division of NCR Corporation, has signed an agreement with Mehran University of Engineering & Technology (MUET) to introduce a data warehousing course at both the bachelor's and postgraduate levels.

The MUET is the second university that Teradata has signed up in 2002 as part of phase II of the NCR Teradata University Program after Comsats Institute of Information Technology, making a total of 6 universities and 8 campuses currently under the umbrella of this network.

Presently the data warehousing course is being taught at LUMS, IBA, NUST and NUCES (previously FAST) in Islamabad and Karachi, while NUCES Lahore is going to introduce the course in their fall semester. The total number of students taking these courses is more than 200.

In its first phase, Teradata launches a unique university program on data warehousing in Pakistan which includes investments in hardware, software, a train-the-trainer program and development of course materials, while in the second phase the universities will invest in hardware and software.


Mr. Fadeel G. Wehbe has recently been appointed as the General Manager of the only internationally managed 5-star hotel in Pakistan, the Karachi Sheraton Hotel & Towers. Mr. Wehbe brings with him 20 years of extensive knowledge and experience in the hotel industry. He began his hospitality career in 1981 as a Management Trainee, later holding the positions of Assistant Front Office Manager, Catering Sales Manager, Resident Manager and General Manager.


First Equity Modaraba, one of the leading Modarabas in Pakistan and a Member of Modaraba Association of Pakistan has been awarded Brokerage License by Securities & Exchange Commission of Pakistan. First Equity Modaraba is the only Modaraba in the entire Modaraba sector who is going to start brokerage operations very soon.


The Emerging Markets Partnership (Brunei) Limited, the Asia Regional Office of the Islamic Development Bank Infrastructure Fund, was officially declared open by His Excellency, Dato Paduka Haji Yakub bin Abu Bakar, Deputy Minister of Finance, Sultanate of Brunei Darussalam in Brunei Darussalam.

The US$1.5 billion Fund is the first fund of its type to focus on infrastructure development in Muslim countries. The Fund provides equity and complementary financing for private sector infrastructure projects in a wide range of sectors, including power, telecommunications, transportation, natural resources development, and infrastructure related sectors.

The EMP is a wholly owned subsidiary of Emerging Markets Partnership (Bahrain) E.C., the General Partner and Manager of the Fund.


A report issued in UK by the panel on Dietary Reference Values of the Committee on Medical Aspects of Food Policy has revealed that black tea, due to its certain important constituents, can form an important complement to the weight reducing diet plans. In Pakistan tea is commonly drunk with milk and 3 - 4 cups of tea are taken daily. This provides certain vitamins and minerals, in addition to the useful antioxidants, thereby helping to support overall health and well being. This fact has been stated in a book "The Composition of Foods", published by the UK's Royal Society of Chemistry, Cambridge.


"Faysal Bank secures second position in Best Presented Annual Report-2001 Competition in the services sector category held jointly by ICAP & ICMAP; the first position went to Askari Bank. The Best Presented Annual Report awards were instituted by ICMAP in collaboration with ICAP in January of this year for the first time in Pakistan to encourage the timely and professional disclosures by the corporate sector. The awards were presented by Mr. Shaukat Aziz in an impressive ceremony held on August 23, 2002". "Faysal Bank is one of the largest private Bank's in terms of equity with a total equity of Rs. 4.2 billion of which Rs. 2.65 billion is its capital. The Bank has shown an impressive after tax profit of Rs. 314 million in its half year ended June 30, 2002"