ANNOUNCEMENT

 

Nov 25 - Dec 01, 2002

 

AGA KHAN NETWORK INITIATES US$25 MILLION KABUL HOTEL PROJECT

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 AHMED

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 Industry.

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 and Distribution.

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 Czech Republic.

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 countries.

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 FLEET MANAGEMENT

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.