9th Private Sector meeting for the promotion of
Trade and Joint Venture investment among Islamic countries was held in
Sharjah, U.A.E. from 21-23 December, 2002. The meeting was organized
by the Islamic Chamber of Commerce & Industry in collaboration
with the Federation of UAE Chambers of Commerce and Industry and
Sharjah Chamber of Commerce & Industry.
The meeting was inaugurated by H.E. Sheikh Fahim
Bin Mohamed Al-Qasimi, Ministry of Commerce & Economy, U.A.E. The
meeting was attended by around 400 delegates representing 35 OIC
Member Countries including the General Secretariat of OIC, The Islamic
Development Bank (IDB), Islamic Corporation for Development of Private
Sector (ICD), Islamic Centre for Development of Trade (ICDT) and other
Financial institutions and representatives of Muslim institutions
operating in some Non-Islamic Countries.
A delegation of Modaraba Association of Pakistan
led by its Chairman Mr. Waqar Ajmal Chaudhry attended the meeting. On
this occasion Mr. Waqar Ajmal Chaudhry made a presentation on
"Introduction to the Modaraba Sector" on second day of the
meeting. Thereafter questions answers session was held. A number of
participants showed their interest to know about the Modaraba concept.
In his speech the Chairman emphasised on bringing
about awareness of the concept of Modaraba in Pakistan and as well as
to extend the same among the Islamic Countries.
Mr. Waqar in his presentation dealt indepth with
the background of the Modaraba sector in Pakistan, it regulatory
framework, performance over the years and future prospects. He said
that the concept of Modaraba emerged in 1979 as a result of the
Government's initiative towards Islamization of the economy. Modaraba
Companies and Modaraba (Floatation and Control) Ordinance was
promulgated in 1980 to provide the statutory framework for organizing
business enterprises according to the injunction of Islam.
He elaborated that Modaraba can undertake any kind
of business activity that is not against the injunctions of Islam.
Moreover, a Modaraba can either be a multipurpose or a specific
purpose Modaraba, and can be formed for other a fixed or an indefinite
MCB HAJJ SEMINAR 2002 AT BAITUL HUJJAJ
Muslim Commercial Bank's Corporate & Islamic
Banking Group arranged a day long Hajj Seminar at Baitul Hujjaj,
Karachi to apprise all intending hajis on rituals of Haj. Mr.
Naimatullah Khan, Nazim City District Government, Karachi inaugurated
FRENCH VISA PROCEDURE
The Consulate General of France in Karachi wishes
to inform visa applicants that only business and airport transit visas
are being issued by the French Embassy in Islamabad.
With effect from the 1st of January, 2003, the visa
fees will be collected at the time of depositing the file at the visa
section of the French Embassy, Islamabad.
This amount will give the applicant the right to
have his/her file studied in detail without any guarantee that the
visa will be granted.
In case the visa is granted, no extra payment shall
No refund will be given if the visa is not granted,
or granted for a shorter period of time than requested.
Applicants are advised to make their travel plan
well in advance. Normally, four weeks are required to process and
deliver a visa.
A CALL CENTER FOR SSGC CONSUMERS ON TELEPHONE NUMBER
Sui Southern Gas Company (SSGC), a major utility
company providing natural gas to homes and businesses in southern
region of Pakistan, has installed a latest call center to provide
faster and improved services to its 800,000' customer-base.
SSGC's new call center will provide 24-hour service
to the customers calling on telephone number 119. The customer service
agents will provide general information related to new connections and
restoration of supply, procedures, products and services. Agents will
also provide assistance in complaint registration to the callers. The
registered complaints will be saved and automatically sent to the back
office where they will be printed and handed over to the relevant
staff for further processing, making the function of customer services
It is important to note that, traditionally, call
center solutions have been the domain of international
telecommunication giants from USA, Germany, France and Sweden,
however, this latest call center for SSGC has been installed by a
Pakistani company, ZRG International (private) Limited that is a
telephony solution specialist comprised of Pakistani telecom and
software professional. ZRG holds the largest share of growing call
center market in Pakistan.
The call center solution for SSGC is based on the
most modern Computer Telephone Integration or CTI technology that is
completely based on international standards and latest technology. It
is also aligned with the overall data center trends, network strategy
and technology direction. The call center solution runs on
industry-standard LAN servers and Microsoft Windows workstations under
a client-server model without any proprietary technology component.
The call center is expected to bring about unprecedented progress in
several key areas such as streamlined information and process flow,
call and data integration, call tracking, online and off line
monitoring, abuse prevention, and comprehensive timely MIS reporting.
ALLIANZ HONOURED FOR ADVERTISING EXCELLENCE.
Business Week magazine has honoured Allianz with
its Annual Award for Excellence in Advertising. This is the second
consecutive year that Allianz has received the award.
Allianz AG and its advertising agency BBDO
Dusseldoff GmbH have received the Business. Week Annual Award for
Excellence in Corporate Advertising. Allianz and BBDO were among the
thirteen companies and their respective advertising agencies who were
honoured with an award at the 17th annual ceremony. The award
recognizes the advertiser and agencies who created the best-remembered
corporate branding campaigns.
SHAUKAT AZIZ AWARDS 4TH NCR IT EXCELLENCE WINNERS
Mr. Shaukat Aziz, Advisor to the Prime Minister on
Finance will be the chief guest at the 4th NCR IT Excellence Awards to
be held in Karachi on 4th January 2003.
The winners will be announced at the ceremony, who
will receive IT awards, gold medals along with certificates for their
achievements in Software Development, Software Export, Networking, IT
Education, IT Research and Development, IT Pioneer, IT Youth and IT
Publication. One new category that has been introduced this year is
the 'Lifetime Achievement Award'. NCR Corporation
started these national excellence awards in 1997 to
motivate outstanding individuals in the field of information
The event will be attended by dignitaries and
leading personalities from the government, media and corporate world.
ABOUT TERADATA DIVISION
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MJI ACQUIRES CU'S BUSINESS IN PAKISTAN
New Jubilee Insurance (NJI) a leading Pakistani
Insurer has acquired the general insurance business of Commercial
Union in Pakistan effective 1st January 2003.
According to Masood Noorani, Managing Director of
NJI, this is the first time in Pakistan's history that the business of
a prominent foreign insurer has been acquired by a Pakistani insurance
company; and is a proud achievement for the company as it celebrates
its 50 years of successful operation in 2003. NJI has a demonstrated
record of success in the insurance business in Pakistan and it is also
the pioneer and market leader in Health Insurance business in the