"Growth is coming from the digital products
sector," said Mr M. B. Shin, President, LG Electronics' Middle East
& Africa Operations.
"Only Turkey, Pakistan and Egypt failed to reach
their sales targets. However both Pakistan and Egypt have made gains on
the same period last year. In the case of Pakistan, we view the minimal
2% increase in sales for the first half as a positive sign that the
country is re-stabilizing after the impact of September 11.
INBOX LAUNCHES '"TECHNOVENT"
A 3-day computer extravaganza - Technovent was
launched by Inbox Business Technologies recently. Technovent, is a
unique effort of highlighting cutting edge computing technology along
with convenient financing products for consumers in Pakistan.
Inbox and ABN AMRO BANK - two leading brands in the
computing and banking industry respectively, jointly organized this
event from 6th- 8th September 2002 at Park Towers Clifton Karachi.
Technovent showcases contemporary technology in shape
of Desktop and Laptop Computers assembled in Pakistan and at par with
any multinational brand. The event will also bring to fore the homegrown
expertise and excellence in computer integration.
ABN-AMRO Bank is offering various financing options
that enable consumers to purchase computers at 0% down payment and
affordable monthly installments. This collaboration between Inbox and
ABN- AMRO bank is a step towards making technology more accessible and
affordable for the general public.
Inbox Business Technologies designs, develops,
manufactures and markets computer hardware and software solutions and
services. The first company to achieve Intel® Premier Provider (IPP)
status in Pakistan, Inbox is certified, trained and tested on
'end-to-end' technological solutions and has the advantage of early
access to latest technology and information.
MCB WEST WHARF ROAD, KARACHI BRANCH INAUGURATED
In line with the Bank's strategy to enhance its
products / services and infrastructure, MCB West Wharf Road Branch, has
been re-located into new premises for a better customer service &
access. The branch has been built on modern concept which was
inaugurated jointly by Mr. Mohammed Aftab Manzoor, President, Muslim
Commercial Bank Ltd., & Mr. Hideki Yamazaki, Director Finance, Pak
Suzuki Motors Co., Ltd., in an impressive ceremony, held at the branch
PAK-SRI LANKA IT DEAL
Kalsoft (Pvt) Ltd, one of the largest information
technology companies in Pakistan, signed five MOUs with five IT
companies in Colombo, Sri Lanka, that target bilateral and
mutually-beneficial revenues of US$ 90-100 million in three years. The
MOUs were signed by Khurram H. Kalia on behalf of Kalsoft and by the
representatives of the five Sri Lankan companies. Majyd Aziz, leader of
the Pakistani delegation, and Ms Manel De Silva, Director General,
Department of Commerce, also signed as witnesses. The ceremony was
presided over by Sri Lankan Minister of Commerce and Consumer Affairs,
Mr. Ravi Karunanayake, who has played a prominent role in increasing
Pak-Sri Lankan economic relations.
Mr. Ravi Karunanayake speaking at the occasion hailed
it a monumental step towards more bilateral trade between the two
countries and called it a good augury just before the historic signing
of the Free Trade Agreement later this month when Mr. Abdul Razak Dawood
visits Colombo. He said that Sri Lankan IT professionals are very
skilled and produce excellent products. He was sanguine that these
linkages between IT firms of both companies would also enhance the trade
figures of both SAARC countries. Majyd Aziz thanked the Minister for
taking keen interest in the FTA process and stated that Pakistani
businessmen and investors are definitely looking for, and are very
enthusiastic about, improving trade relations with their counterparts.
He praised Khurram Kalia for his efforts and initiatives, and informed
the gathering that this young man is a Pakistani asset and is acclaimed
as an IT genius. He was hopeful that the five Sri Lankan firms would
immensely benefit from his expertise and IT acumen.
PSO LAUNCHES RETAIL SAFETY BOOKLET
Pakistan State Oil (PSO), the largest oil-marketing
firm in the country, has launched Retail Safety Booklet as part of its
efforts to promote safety at its retail outlets, depots and
The booklet, the first of its kind to be issued by an
OMC, deals with various procedures that make day-to-day operations safe
and hazard-free at its outlets.
Divided into two sections, the first part deals with
procedures to be adopted while designing a retail outlet. It highlights
proper location of site, layout, forecourt, product storage tanks,
product tank vent-pipes, earthing at retail outlets, electrical
installations, electrical switch rooms, lighting, service and
lubrication room among other factors.
The second section is about operating safety. The
section deals with decanting of product from a tank truck, refueling of
vehicles, safe movement of traffic, fire and firefighting, fuel spills,
safety training, etc.
The booklet has been produced by the Health, Safety
and Environment (HSE) Department of PSO, which plans to produce a series
of booklets on the subject.
The HSE Department recently conducted an evacuation
drill at PSO House. 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.
CAPA - ADB "TRAIN THE TRAINERS WORKSHOP"
In order to upgrade accounting education the
Confederation of Asian and Pacific Accountants (CAPA) and the Asian
Development Bank undertook the joint project of "Train the Trainers
Workshop" at Dhaka from 4 to 7 September, 2002.
There were seven participants from Pakistan, besides
the participants from Bangladesh and Nepal.
The Pakistani participants included nominees from
various educational institutions, namely (i)
Mr. Abdul Rahim, and Mr. Ahmad Saeed - ICAP (ii)
Mr. Yousof Abid - ICSP (iii)
Mr. Raheel Asghar Ginai - Punjab University (iv) Ms. Jaweria Ather -
Mr. Nisar Ahmed Khan - IBA, Karachi (vi)
Mr. Naseer Ajmal Ahmed - IBA, Lahore.
It is expected that those who attended the workshop
would in turn train other accounting teachers, and thereby improve the
accounting education standards.