action is required in order to eradicate poverty
from South Asia. And it could only be achieved through social
mobilisation and empowerment of the poor. Recognising the imperative
need to address poverty related issues, an Independent South Asian
Commission on Poverty Alleviation (ISACPA) was also established in
1991? which is supposed to act as a policy tool to assist governments
to tackle poverty.
KLM TO LAUNCH ELECTRONIC FLIGHT BAG ON NEW BOEING 777S
Boeing [NYSE: BA] Commercial Aviation Services'
Crew Information Services (CIS) group will install the Electronic
Flight Bag (EFB) on board KLM Royal Dutch Airlines' new fleet of
Boeing 777s, making the Netherlands-based carrier the launch customer
for this revolutionary technology.
The Electronic Flight Bag can contain all
documentation and forms carried by pilots - aeronautical charts,
manuals for fault reporting and operations, minimum equipment lists
and logbooks - in digital format at the crew's fingertips. It also
includes a weight-and-balance calculator that allows pilots to
calculate the ideal speeds and engine setting for an aircraft
instantly, in any weather, on any runway, with any payload. Such
instant calculations could increase the payload of a 777 taking off on
a wet runway by as much as 9,000 kilograms (20,000 pounds).
LG ELECTRONICS BECOMES GLOBAL PARTNER OF INTERNATIONAL
LG Electronics, Global Digital Leader, announced
that it has become the Global Partner of the International Cricket
Council under one of the largest ever sponsorship agreements in the
field of cricket.
The sponsorship agreement extending into the year
2007 covers the upcoming 8th Cricket World Cup in South Africa
starting in February 2003, the 9th World Cup in West Indies in 2007
and 6 other major tournaments in between, including Champions Trophies
and Under 19 tournaments. ~,
SSGC LAUNCHES CUSTOMER SERVICES CALL CENTER
Sui Southern Gas Company (SSGC), a major utility
company providing natural gas to homes and businesses in southern
region of Pakistan has launched its new call center in Karachi on
telephone number 119.
SSGC customer services call center is a 24-hour
service center where the agents provide general information to the
callers by telephone, related to procedures, new connections, and
restoration of supply, products and services. Agents also provide
assistance in complaint registration services to the callers. The
registered complaints are saved and automatically sent to the back
office where they are printed and handed over to the relevant staff
for further processing.
ALLIANZ EFU PARTICIPATES IN ALLIANZ OLYMPICS.
Fourth Allianz Olympics were held in Milan, Italy
in July 2002 in which 1650 I athletes from Allianz Group companies
participated. The games present a unique opportunity for employees
from a wide range of social and cultural backgrounds to come together,
network, and make friends. For Allianz Group, with its strongly
decentralized structure, this is an important way to enhance the
corporate identity of the company. The participants were cheered on by
Allianz AG board members, top managers and CEOs from the international
Group companies, who also presented the medals to the winners.
Pakistan was among the 35 countries participating in the Olympics. Mr.
Syed Noman Mustafa, System Analyst, Allianz EFU represented Pakistan
and participated in the Chess event. He won two games which is a
credible performance considering that Mr. Mustafa was up against
international ranking players in the tournament.
BIZTEK JOINS HANDS WITH ALLIANZ EFU
A ceremony for signing a memorandum of
understanding between BIZTEK Institute of Business and Technology and
Allianz EFU was held at the Campus of BIZTEK recently.
The prime objective of this agreement was to make
joint efforts for protecting the health of BIZTEK students and to
establish long term cordial relationships among each other.
Institute of Business & Technology (BIZTEK) has
been established by GEC (Educational Society), which has dedicated
itself to provide quality and affordable education in the fields of
Business Studies, Information Technology and Management Sciences. With
the commitment of providing quality education to the city of Karachi,
GEC has built up the campus of BIZTEK to provide degree programs in
affiliation with Girne American University (GAU) North Cyprus, which
is accredited by the Higher Education Commission in Turkey and its
programs are recognized by the University Grants Commission, Pakistan.
BIZTEK is highly committed to maintain strong
liaisoning with the Industry in order to provide a Sound ground to its
students for their professional grooming. It has always taken a step
ahead to create an environment of mutual cooperation with the business
Industry that can be utilized as a breeding ground for most R & D
work. BIZTEK has always been striving to maintain strong industrial
linkage by signing MOUs, with leading institution and organizations of
The recent agreement of BIZTEK with Allianz EFU is
a similar step taken for fulfilling this constructive purpose.
Both the parties have entered into a joint venture
to provide an attractive and affordable health Insurance Scheme to the
students of BIZTEK with comfort and flexibility. It is hoped that this
agreement will not only fulfill the health care needs of the students
but will also provide them an excess to the best possible medical care
Moreover it was also decided that BIZTEK and
Allianz will further strengthen their bilateral business relationships
and will endeavour to create comprehensive health care system for the
students community in our society.
UNIQUE HONOUR FOR PSO BY WHARTON BUSINESS SCHOOL
Pakistan State Oil (PSO) has been honoured as the
first Pakistani corporate entity to be studied as a case of exemplary
corporate transformation by the Wharton Business School of the
University of Pennsylvania, USA. Professor
Thomas W. Dunfee, Vice Dean and Director, Joseph
Kolodny Professor of the Wharton School, has written a letter to Mr.
Tariq Kirmani, Managing Director PSO, requesting permission to prepare
a case study focused on PSO for the forthcoming class at Wharton.
Wharton School is part of the University of
Pennsylvania, the highly competitive and most prestigious Ivy League
School in Philadelphia, which is America's first university. Its
faculty includes four Nobel Prize recipients. The Wharton School has
been playing a pivotal role in shaping the course of business across
the globe based on study of best corporate principles and practices.
In this context, selection of PSO as a case study at Wharton is indeed
an honour for Pakistan.
PSO's radical and successful corporate
transformation has been widely appreciated at various international
forums and by world's leading consulting and financial advisory firms
including JP Morgan, who in their Information Memorandum acknowledged
the significant progress made by PSO towards putting in place the
basic framework for corporate reform in line with the modern concepts
and practices. This includes streamlining the investment planning
process, developing a model for business-wise and product-wise
profitability analysis and developing a comprehensive corporate plan.
Further steps in this direction include developing
information systems for obtaining and sharing up-to-date information
on sales and operations on real time basis, lessening the magnitude of
information distortion, streamlining inventory information and
establishing common data warehouse across the supply chain.
PSO's corporate structure has evolved into a
matrix, which has divided the company's major operations into
independent activities supported by the financial, legal, information
and other services. These activities operate in an autonomous and
collegial manner in the form of Strategic Business Units based on the
clear and transparent allocation of responsibility and accountability.
This structural change has been reinforced and
related checks and balances have been established by putting in place
several corporate monitoring and control systems.
Effective implementation of corporate reform and
business development strategies in line with best international
practices enabled PSO to maintain its market leadership position in a
highly competitive business environment.
Accordingly, PSO increased its market share in key
products including Mogas, HSD, lubricants and Jet A-1. During the
first quarter of FY-03, PSO's profit after tax rose to Rs 1.04
billion, registering an unprecedented growth of around 176% over the
corresponding period of last year. This impressive performance has
been a continuation of prior year's all-time record performance when
profit after tax had reached Rs 3.2 billion, registering a growth of
42% over the prior year.
ABB AND ICI TO COLLABORATE IN PAKISTAN AND UAE
Memorandum of understanding signed for the
provision of engineering services and solutions ABB, the leading power
and automation technology group, has signed a memorandum of
understanding with ICI Pakistan in London, for the provision of
engineering services and solutions consultancy to the petrochemical,
chemical, fertiliser, manmade fibres, oil and gas and consumer related
Industries within Pakistan, UAE and other mutually agreed Gulf
Cooperation Countries (GCC).
ABB sees opportunities to provide broad life cycle
services and solutions to their target customers in the petrochemical,
chemical, and related industries as a result of their acquisition of
Eutech Engineering Solutions from ICI in February 2001. ICI Pakistan
has key engineering resources and they wish to develop their business
portfolio both in Pakistan and the Middle East.
Dinesh Paliwal, head of the Automation Technologies
division said, "ABB is very proud of its track record in
providing customer services and solutions which span the entire
product and plant life cycle. Our relationship with ICI Pakistan will
further strengthen this capability — especially in areas such as
consulting, asset management, and project delivery "
ICI Pakistan manufactures and sells a range of
industrial and consumer products, including polyester staple fibre,
soda ash, sodium bicarbonate, paints, specialty chemicals,
polyurethanes , and arranges manufacture on a toll basis of
pharmaceutical and animal health products. It also markets seeds and
agrochemical products and in addition is engaged in trading in various
specialized chemicals for use in industries in Pakistan. ICI Pakistan
had a turnover of more than Rs 12.8 billion in 2001. ICI Pakistan and
ICI plc jointly own Pakistan PTA Ltd, a manufacturer of pure
Terephthalic Acid with a turnover of over Rs18 billion in 2001.
ABB is a leader in power and automation
technologies that enable utility and industry customers to improve
performance while lowering environmental impact. The ABB Group of
companies operates in more than 100 countries and employs about
In February 2001 ABB acquired Eutech Engineering
Solutions Limited, the former Engineering Division of ICI. Eutech is
now part of ABB's Automation Technology Division and has around 500
staff based in the UK operating primarily in the petrochemical,
chemicals and life science industries, providing engineering services
in the areas of consulting, asset management and project delivery.
Eutech will coordinate with the other local ABB entities in Pakistan
and the UAE that are participating in this collaboration.
EMIRATES TICKETS FOR SHERATON DRAW WINNERS
Award-winning Emirates Airline provided tickets to
Dubai for winners of the Scratch Card Promotion at the Karachi
Sheraton Hotel during the holy month of Ramadan. Guests attending the
Iftar/dinner at the hotel had the opportunity to participate in the
Scratch Card promotion where 3 of the lucky winners got free Emirates
tickets to the home of the Dubai-based international airline.
Commenting on the promotion scheme, Emirates
General Manager, Pakistan, Abdulla Nasser Abdulla said, "Since
Emirates started its operations in Pakistan in 1985, we have actively
participated in promotions and festive events in the country. In our
quest to familiarise customers with our expanding list of global
destinations, such opportunities as that offered by the Sheraton Hotel
are viewed as a valuable means of reaching potential Emirates
TERADATA NAMED #1 MOST INFLUENTIAL GLOBAL TECHNOLOGY
Teradata, a division of NCR Corporation (NYSE:
NCR), has been selected by Intelligent Enterprise magazine, a CMP
Media publication, as the number one most influential global
technology provider for its leadership in enabling the
"Data warehouses and decision-support systems
rise in strategic value the more they can deliver fresh data to
decision-makers and speed the application of intelligence to improve
critical business processes," said David Stodder, editorial
director of Intelligent Enterprise. "We salute Teradata, a
division of NCR Corporation, as Number One in the 2003 Dozen for
enabling its customers to achieve impressive competitive advantages by
leveraging data resources in this way."
"Teradata has always been proactive in
identifying the leading trends on the technology curve that will
enable our customers to achieve the maximum return on
investment," said Stephen Brobst, chief technology officer of
Teradata. "It is gratifying to have the thought leaders at
Intelligent Enterprise magazine recognize our success in delivering
high-performance data warehousing and enabling the 'real-time
enterprise' with active data warehousing."