A Project on "Creation of Capacity of Planning
Division for Poverty Reduction through Employment Promotion and Better
Distribution of Income" was launched in Islamabad. The project is
an attempt on behalf of ILO and UNDP to assist the Government of
Pakistan in analyzing the progress of Poverty Reduction Strategy Paper (PRSP)
in the context of employment generation and human development. By
incorporating employment as a key objective in the PRSP, the project
will provide an effective strategy for employment generation. The
project will provide institutional support to Pakistan by building the
capacity of the Planning Division and CRPRID.
The main aim of the
project is to enable the Centre for Research on Poverty Reduction and
Income Distribution (CRPRID) based in the Planning Division to monitor
employment, wages and labour market developments more effectively. This
will enable suitable sector specific policies that can divert the
benefits of economic growth towards the poor.
This project will be funded by UNDP, with ILO
contributing financially in certain components. The United Nations
System in Pakistan has nominated ILO as the executing agency so as to
ensure employment creation is central to the national Strategy for
AKD ARRANGES SECURITISATION TRANSACTION FOR TCS RT
The securitisation transaction executed by TCS Road
Transport to raise funds has been completed. TCS Road Transport, a
wholly owned subsidiary of TCS Private Limited, was formed to handle
TCS's everyday transport needs in a more efficient manner. The proceeds
raised through this transaction will be utilized to expand its transport
fleet. Mr. Omer Farooqui, Company Secretary, TCS Road Transport,
mentioned that the securitisation of TCS RT's receivables will be
helpful in expanding the transport fleet to perform the services in a
more efficient manner and opens up a new avenue of funding for high
The transaction, which is second of its kind in
Pakistan, was adviscd by AKD Securities, which has also to its credit
the successful execution of the first ever securitisation transaction in
the corporate history of Pakistan. Mr. Ali Ansari, CEO of AKD Securities
said that we have learnt a lot from the first securitisation and have
quickly proceeded with another medium size deal to streamline all issues
in a Pakistani environment. We will apply this learning to our next
transaction which will be considerably larger. With over one billion
rupees worth of mandates secured, securitisation is set to grow
LG PREMIER SHOWROOM INAUGURATED
LG Electronics Home appliances unit opens its premier
showroom at The Forum Karachi in a simple but impressive opening
Mr. In Pil Chun, Consul General of the Republic of
Korea, was the chief guest and performed the ribbon cutting ceremony
with Mr. James Chun, General Manager LG Electronics Karachi.
"It is in connection with the series of efforts
to boost the relationship and economic cooperation between Pakistan and
Korea" commented Mr. In Pil Chun after inaugurating the showroom.
"And I am delighted to see LG products creating a good image of
Korea in the Pakistani market" he further added.
Also present at the occasion were Mr. Haider Ali
Hussain MD of Hanaska International, Mr. Shahzad Khan Brand Manager LG
Home appliances, Mian Pervaiz Akthar Chief Executive New Allied
Electronics and all the dealers of LG Home appliances.
Bugs Bunny at the School Program of the Shell Helix
Looney Tunes promotion. The Shell Helix Looney Tunes promotion is a huge
success not just because free Looney Tunes (Bugs Bunny, Daffy Duck, Road
Runner and Sylvester) are being given away with 3 and 4 litre packs of
Shell Helix, but also because innovative initiatives such as the Bugs
Bunny street walk and the School Programs in Karachi, Lahore and
Islamabad were introduced. Thanks to the school programs, now the kids
understand a lot more about the promotion as well as traffic rules. The
Shell Helix Looney Tunes promotion is immensely popular with the young
and old alike.
AKD Securities arranged second of its kind
securitisation transaction in Pakistan. The transaction was executed by
TCS Road Transport to raise funds. Seen in the picture are Mr. Ali
Ansari, CEO, AKD Securities, Mr. Rafique Dawood, Chairman, DLCL, Mr.
Ayaz Dawood, Mr. Ashfaq Ghaffar, Mr. Omer Farooqui and Mr. Aizaz Sarfraz.
KARACHI SHERATON OPENS OUTSIDE LAUNDRY SHOP
When it comes to laundry and dry-cleaning services
people usually just want to know that their clothes are being well cared
for, and that they will have the convenience and services they need to
cope with their busy schedules.
For a "delighfful difference", the Karachi
Sheraton Hotel & Towers now presents its patrons with one more
convenience and comfort in their busy lives. Opening the new Sheraton
Laundry Shop with its easily accessible, drive up location at the Dr.
Ziauddin Ahmed Road side of the hotel. "With technologically
advanced equipment and highly-professional staff the Sheraton Laundry
could not be matched with any other laundry services in Karachi."
according to Mr. Fadeel G. Wehbe, General Manager, Karachi Sheraton
Hotel & Towers.
Mr. Wehbe further adds that "We have designed
this new Laundry Shop for our guests' convenience and based on their
demands for access to the hotels' exclusive laundry facilities without
having to park and walk all the way through the hotel lobby."
In addition to the providing the guests with
regular laundry, dry-cleaning and pressing services, the Sheraton
Laundry also offers exclusive services such as 3 hours-delivery
Express Service, Same-Day delivery service as well as an exclusive 15%
discounts which is extended to the Standard Chartered CreditCard
holders for using the service. Exclusive treatments of sensitive silks
with the use of imported chemicals, expert pressing and cleaning using
state of the art and well maintained machines, are some of the
highlights of the Sheraton Laundry Shop.