Munawar Baseer Ahmed has been appointed as Managing
Director, Sui Southern Gas Company Ltd. (SSGC) with effect from October
Munawar Baseer Ahmed has 28 years of diversified
management, engineering, regulatory enactment and technology application
experience in the USA, Middle East and Pakistan. For 14 years in the
USA, he held senior management and engineering positions with some of
the world's leading multinationals in the oil, gas, technology
and engineering industries. He returned to Pakistan in 1987 where he
set-up several successful engineering and technology based
which were established as market leaders in their sector in a short
span. Munawar Baseer is a leading corporate management expert and has
successfully undertaken reform, restructuring, business process
re-engineering and technology applications in various sectors.
NEW HYUNDAI SANTRO
Dewan Farooque Motors Limited (DFML) unveiled the
"All New Hyundai Santro", the only 1000 cc EFI car in Pakistan, during a
press conference at a local hotel.
Powered by an economical and agile 1000 cc Hyundai
Epsilon engine, the much-awaited new model of Santro is loaded with
improvements made in all elements of automobile design i.e. Appearance,
Convenience, Performance and Safety.
The All New Hyundai Santro carries an ultra-modern,
softly rounded, stylish and sporty exterior styling. The
multi-reflecting combination lamps at the front and the starburst lights
at the rear are being introduced for the first time in Pakistan in the
1000 cc small car segment. .
The high suspension package has been specially
designed for Pakistani roads, in order to ensure a smooth and, gentle
drive even under rough road conditions. Advanced 13-inch ventilated
discs have been installed to ensure dependable braking performance under
demanding conditions. The advanced structural engineering, with
specially pressed and formed steel sections make Hyundai Santro
passenger compartment the safest in its class.
The safe, comfortable, airy and spacious interior
cabin is equipped with a powerful 4-speed air conditioner, 4-speaker
audio system, front seatbelts, rear package tray, the sporty white meter
cluster and a multitude of storage spaces and convenience items.
A stunning example of modern automobile design;
offering a full erray of dazzling new features, the "All New Hyundai
Santro" is expected to capture the lion's share of the corporate as well
as individual small car buyer's market.
Mr. Dewan Muhammad Yousuf Farooqui, MD Dewan Mushtaq
Group and DFML, speaking at the press conference said that the launch of
the "All New Hyundai Santro" is yet another manifestation of DFML's
pledge to provide economical, high value, quality vehicles to the
Pakistani customers. He further stated that having just completed the
launch of the original five products planned; the company did not rest
on its laurels and is now launching its first full model change in
little over two-and-a-half years of the introduction of the first Santro.
PSO REDUCES FUEL OIL PRICES
Pakistan State Oil (PSO) on last Wednesday announced
reduction in its price of High Sulphur Furnance Oil (HSFO). Effective
October 16, 2002, the price of High Sulphur Furnance Oil (HSFO) has been
reduced to Rs. 12,992 per ton from Rs. 13,117. The net reduction in the
price is Rs. 125 per ton.
Mr. Abdul Hamid, Executive Vice President Preston
Institute of Management, Science & Technology (PIMSAT), presenting the
Institute's shield to Mr. Azam Jamil, Corporate Director Marketing,
PRESTON HOLDS SEMINAR ON "SERVICES MARKETING"
Preston Institute of Management, Science and
Technology (PIMSAT), Islamabad organized a one-day seminar on
"Services Marketing-Challenges and Opportunities" at the Institute's
Islamabad campus. Mr. Azam Jamil, Corporate Director Marketing Serena
Hotels-Pakistan made a detailed presentation on the subject to the
participants who, beside others, comprised of Preston students,
faculty and senior management.
Speaking on the occasion, the Corporate Director
Marketing of Serena-Pakistan, Mr. Azam Jamil highlighted the
importance of services marketing and the challenges and opportunities
it offered to those in service oriented organizations and are engaged
in marketing of services. Mr. Jamil said that on the face of it the
services sector is enormously large and varied. He elaborately
explained the sharp distinction between services marketing in the
government (non-profit) sector, and the business and professional
(profit-oriented) sector. Giving example of the United Kingdom, he
said the government in the UK is a major provider of services. They
range across legal, educational, health, military, employment, credit,
communications, transportation and information services. Many of these
services, he said, are provided on non-profit basis but others may act
on a commercial basis. In sharp contrast to this are the business and
professional services that are provided by airlines, banks, insurance
companies, hotels, management consultants, solicitors, advertising
agencies and marketing research companies. Mr. Jamil said marketing of
business and professional services is, in fact, most challenging as it
continuously puts the skills of a professional marketer to a grueling
At the end of the seminar Mr. Abdul Hamid,
Executive Vice President of Preston Institute thanked Mr. Azam Jamil
on behalf of the participants to the seminar and also on behalf of the
students, faculty and management of Preston for delivering a highly
stimulating lecture on a highly challenging and demanding field such
as 'Services Marketing". He expressed the hope that the participants
to the seminar would greatly benefit from what they gained by their
participation. Preston's Executive Vice President, Mr. Hamid later
presented the Institute Shield to the Guest Speaker, Mr. Azam Jamil as
token of appreciation.
ARIF HABIB INVESTMENTS TO ACQUIRE KASB PREMIER FUND
Arif Habib Investment Management Limited, the Fund
Manager of the Pakistan Income Fund (PIF) and the Pakistan Stock Market
Fund (PSM) has agreed with Khadim Ali Shah Bukhari & Co Limited to take
over the Investment Advisory role of the KASB Premier Fund. This
take-over is subject to SECP approval and also subject to the approval
of KASB-PF's shareholders. Once the process is complete, the Fund will
be renamed to indicate membership of the Arif Habib Investments' family
The KASB Premier Fund was launched in 1995 and has
since been managed by Khadim Ali Shah Bukhari & Co Limited. KASB Premier
Fund is a closed-end mutual fund, with net assets of around Rs. 400
million invested in good quality Shares and Term Finance Certificates (TFCs).
The Net Asset Value of the KASB Premier Fund is currently around Rs.10
per share. Arif Habib Investments, with funds already under management
of Rs. 750 million in the PIF and the PSM, will now cross the Rupees One
Billion mark of funds under management.