"Now, more than ever, companies rely on
integrated applications that freely share information," says Abbie
Lundberg, Editor in Chief, CIO magazine. "This year's CIO-100 award
recipients are being honored because their companies developed an
integrated enterprise to enhance their business, from improving
relationships with customers to creating a seamless value chain."
Complete coverage of the 2002 CIO-100 is featured in
the August 15 issue of CIO magazine and at www.cio.com.
The FedEx companies deliver nearly 5 million packages
daily to 212 counties and offer the broadest array of transportation,
e-commerce and supply chain solutions in the world.
The recipients of this year's CIO-100 were selected
through a three-step process. First, companies filled out an online
application form. In addition, CIO staff and members of its expert panel
nominated companies they deemed best fit the award criteria. A team of
CIO editors and writers reviewed the application forms and expert
recommendations and voted on the final 100. The judging objectives were
to recognize positive business performance through integrated
technologies and procedures.
With annual revenues of $21 billion, FedEx Corp. is
the premier global provider of transportation, e-commerce and supply
chain management services. The company offers integrated business
solutions through a network of subsidiaries operating independently,
including: FedEx Express, FedEx Ground, FedEx Freight, FedEx Custom
Critical, and FedEx Trade Networks.
PSO REVISES HSD PRICE
As part of the deregulation process, the federal
government has authorized oil-marketing companies to notify the maximum
ex-depot sales price of High Speed Diesel (HSD).
Accordingly, Pakistan State Oil (PSO), the largest
oil-marketing company in the country, has revised the HSD price by 2.1
per cent instead of the 5.4 per cent increase in the ex-refinery price
as notifies by the Oil Companies Advisory Committee (OCAC).
The new price of HSD with effect from September 01,
2002, at 29 designated locations/ depots under the deregulated regime
will be 19.48 paisas per litre.
Although, there was a substantial increase in
international oil prices and ex-refinery price, PSO has made only a
marginal increase and passed on the balance to the benefit of consumers.
The company has achieved this saving for consumers through efficient
import management and reduction in operating costs in line with its
HUBCO BOARD OF DIRECTORS ANNOUNCE FINAL DIVIDEND
Hubco is pleased to announce that its Board of
Directors in its meeting in London has recommended a final dividend, of
36% (Rs.3.60 per share) for the year ended June 30, 2002. The
announcement is in addition to 40% (Rs.4 per share) interim dividend
already paid on April 4, 2002.The Annual General Meeting (AGM) of the
Company is due to be held in Islamabad on October 08, 2002 to approve
the annual accounts of the Company and approve and declare the Total
MCB AND PTCL SIGN AN MOU FOR ELECTRONIC BILL PAYMENT
Mohammad Aftab Manzoor, President and CEO of Muslim
Commercial Bank (MCB) and Akhter A. Bajwa, Chairman PTCL signed an MOU
for electronic bill payment facility, at Islamabad.
Under the arrangements the customers will be able to
pay their monthly telephone bills electronically through the MCB ATM's
using the MCB ATM and Cash Cards. The facility is expected to become
operational by October 2002. This will shortly be followed by extending
the facility to conveniently located MCB Point Of Sale (POS) Terminals
at number of locations.