AGA KHAN NETWORK INITIATES US$25 MILLION KABUL HOTEL
Prince Amyn Aga Khan, younger brother of His Highness
the Aga Khan, announced a substantial investment by the Aga Khan Fund
for Economic Development (AKFED) to initiate tourism, commercial and
urban redevelopment in the capital of Afghanistan through the
establishment of a world-class hotel in the centre of Kabul.
Following meetings with President Hamid Karzai and senior government
ministers, including Foreign Minister Abdallah Abdallah and Minister of
Justice Abdul Rahim Karimi, Prince Amyn made an extensive tour of the
premises of the former Hotel
Kabul, accompanied by the Minister of Civil Aviation
and Tourism, Mr. Mirwais Sidiq, and the Mayor of Kabul, Mr. Mohamed
Anwar Jekdelik. "The Government of Afghanistan has invited us to
address urgent development priorities in the nation's tourism industry
by creating facilities of an international stature that will have an
immediate, positive impact on the local economy as well as on the urban
and cultural landscape of Kabul," said Prince Amyn, Director of the
Aga Khan Fund for Economic Development (AKFED) and Chairman of its
Executive Committee. "This project for an investment in
Afghanistan's hospitality sector," he continued, "will also
allow us to contribute through the training of skilled manpower, the
reinvigoration of artisanal and craft industries, and through an
upgrading of the urban fabric in a sensitive manner. Clearly, the
revival of tourism will be of major importance to this project for its
long term future success."
IBA PAYS TRIBUTE AND HOMAGE TO PROF. DR. SYED QADEER
The Condolence Gathering and Quran Khawani was
arranged on 8th November 2002 at IBA, University of Sindh, Jamshoro for
Esal-e-Sawab to sad demise of Professor Dr. Syed Qadeer Ahmed who passed
away on 22nd October 2002 at his residence in Gulistan-e-Johar, Karachi.
The Condolence Gathering was attended by all the teachers and students
of Institute of Business Administration, University of Sindh, Jamshoro.
The participants expressed their deep sorrows and shared the grief with
the family of the deceased.
On this occasion Prof. Dr. Anwar Ali Shah G. Syed,
Director IBA and Prof. Khalid Hussain Shaikh, Department of Commerce
spoke on his life and highlighted his contributions towards upgrading
quality education at the Institute Business Administration and
Department of Commerce, University of Sindh, Jamshoro.
Prof. Dr. Qadeer Ahmed was a Post-Graduate in
Commerce from University of Sindh, Jamshoro and he also did his Ph.D in
Business Administration from IBA, University of Karachi. He began his
professional career with teaching at Government Sindh College of
Commerce, Hyderabad in 1960s. Afterwards, he joined the Department of
Commerce, University of Baluchistan, Quetta and worked there for several
years. Then he joined as Chairman, Department of Commerce, University of
Karachi and remained there for many years. After having retired from
University services he joined as a Director and Dean, Asian Management
Institute, Karachi. Prof. Dr. Syed Qadeer Ahmed remained member of the
Board of Studies as well as Board of Faculty in Commerce and Business
Administration, University of Sindh, Jamshoro for various tenures at
University of Sindh. Throughout his stay at University of Sindh he left
no stone unturned to enhance the name, fame and the quality of Commerce
and Business Education in University of Sindh, Jamshoro.
TEXTILE INDUSTRY APPRECIATES
DISCOUNT RATES CUT
Mr. Anjum Saleem, Chairman, All Pakistan Textile
Mills Association (APTMA) has appreciated the decision of the State Bank
of Pakistan to reduce the discount rate by 1.5% i.e. from 9% to 7.5%.
Mr. Anjum Saleem appreciated Mr. Shaukat Aziz, Minister for Finance and
Dr. Ishrat Husain, Governor, State Bank for their magnanimous decision
which is expected to have a significant positive impact on Trade and
Mr. Anjum Saleem hoped that, as a direct consequence
of decrease in discount rate by 1.5%, the Governor, SBP would also
decide upon reduction in the rates of Export Refinance and Term Finance.
In Mr. Anjum Saleem's assessment, discount rate reduction coupled with
commensurate reduction in Export Refinance and Term Finance rates will
be significantly instrumental in accelerating the pace of industrial
production and exports.
DATA WAREHOUSING GOES LIVE AT
LARGEST BOTTLING PLANT OF PEPSI
Naubahar Bottling Company and Teradata, a division of
NCR Corporation, (NYSE:NCR), recently announced the culmination of its
data warehouse implementation that will enable the largest bottling
plant of PEPSI in Pakistan to increase their market share and
subsequently their sales and margins through informed, accurate, and
timely decision making.
Naubahar Bottling, having previously signed an
agreement on data warehousing with Teradata, a division of NCR
Corporation, goes live with its data warehousing solution. This
establishes the first Data Warehouse in retail industry in Pakistan that
is aimed at improving the Decision Support System with respect to Sales
This solution will immensely enhance their quest for
increase in market share, efficient management of investment resources
(tools of trade), knowledge of under performing routes/sales team,
distributors and retailers, multi- dimensional sales analysis of
distributors and retailers over a period of time. The solution will aim
at answering the business questions related to above-mentioned areas.
"We are quite confident that this decision will
prove to be instrumental in increasing the sales and distribution of
Pepsi all over the country as they will have the most sophisticated and
latest technology at their disposal," commented Syed Veqar ul
Islam, Country General Manager, NCR Corporation.
NCR being the world leader in Data Warehousing has
globally provided similar solutions to other manufacturing and retail
organizations including Procter & Gamble, Coca-Cola, 3M and WAL-Mart.
PAK-CZECH ECONOMIC FORUM BIDS
FAREWELL TO H.E. MR. J. OLSA
A farewell lunch was organized by the Pak-Czech
Economic Forum in honour of Mr. Jaroslav Olsa, Consul General of the
In his welcome address, Professor S.B. Hasan, the
President of the Forum, highlighted the past and proposed activities of
the forum to promote bilateral trade and cultural ties between the two
Mr. J Olsa, in his address, responded with the same
zeal and assured the forum of his full support to achieve the noble
objectives. On behalf of the ministry of foreign affairs of the Czech
Republic, Mr. J Olsa also awarded special medals to Professor S.B. Hasan,
President, Mr. Ahmed Ansari, Vice President, as well as Mr. Arif Habib,
Secretary and Mr. Nawazis Malik member of the Executive committee of
Pak-Czech Economic Forum.
The lunch was attended by the elite of business
community, including Mr Shaukat Iqbal, President of the KCCI, Mr. Ashraf
W. Tabani, former Governor of Sindh and Director and Executives of Aero
Asia, UBL, Uniliver, Al-Ghazi Tractors, etc.
TCS SIGNS DEAL FOR SECURE
TCS — Pakistan's largest courier company — signed
a deal with Trakker (Pvt.) Ltd. for the implementation of C-Track
vehicle tracking systems in all the vehicles of its Road Transport
fleet. In a ceremony held at TCS Head Office, Mr. Saqib Hamdani, CEO,
Road Transport (Pvt.) Ltd. Omer Hatmi, Chief Operating Officer, Trakker
(Pvt.) Ltd. jointly signed the deal. Also present on the occasion were
Mr. Jamil Janjua CEO, TCS and Ms. Marvi M. Ali, CEO, Trakker (Pvt.) Ltd.
Mr. Saqib Hamdani, while commenting on the deal said,
"This system will be of great value to TCS in order to provide best
delivery performance besides ensuring continuous tracking of all
vehicles and protection from theft. It will also ensure effective
utilization of assets and fleet management & administration. Since
the tracking system records every movement of the vehicle, it will also
be useful in enforcing speed limit and accident control."
Speaking on the occasion, Ms. Marvi Ali thanked TCS
for giving Trakker (Pvt.) Ltd. the opportunity to equip its fleet and
said; "This is the second largest fleet that we are handling and
TCS brand means a lot to us not just for the duration of this contract
but in the future as well. TCS and C-track collaboration will grow with
time as all lateral R&D benefits will continue to be made available
to TCS for better fleet management."
The C-Track tracking system works on GPS/GSM
technology and once installed in the vehicles, will receive various
parameters from them and transmit these to a base station. In the case
of TCS, the base stations will be installed at Karachi, whereas
Hyderabad, Sukkur, Quetta, Multan, Faisalabad, Gujranwala, Lahore,
Rawalpindi and Peshawar will be tracked online via TCS's network.
TCS hopes that the tracking system will further
improve the efficiency of its operations so that it can continue to
provide high quality courier services to its customers.