community in Pakistan the required licensed
coverage to use Microsoft technologies at a very attractive price.
The TJP will provide all P@SHA members continuous
access to the latest Microsoft technologies; developer tools, beta
products and enterprise server products to ensure that they are
keeping pace with the rapidly changing technologies. In addition to
the huge price discount facility, the TJP will also offer a technology
training and skills transfer roadmap for P@SHA members by developing a
training calendar designed to address the specific training needs of
these members in key technology areas related to development,
infrastructure, and project management at a localized cost.
Ms. Jehan Ara, Vice President, P@SHA, Mr. Jawwad
Rehman, Country Manager, Microsoft Pakistan and Nadeem Malik, General
Secretary, P@SHA were present on the occasion and highlighted the
importance of this initiative and the salient features of 'Jumpstart
PILING OF SALES TAX OVERDUE REFUNDS OF TEXTILE
The Central Managing Committee of Aptma met on 11th
Jan 2003 under the Chairmanship of Mr. Anjum Saleem, Chairman APTMA.
The Aptma members expressed grave concern over huge amount of sales
tax overdue refunds amounting to around Rs.3 billion. Enormous delay
by CBR in release of refunds has become the most serious impediment
for the textile industry and its exports. The textile members felt
deeply frustrated on the continuing apathy and indifferent attitude of
the Sales Tax Department towards resolving this severe problem of
overdue Sales Tax refunds which has become the biggest hurdle in the
operations and exports of the textile industry.
Time and again, Chairman Aptma has represented to
CBR that, as per nature of its operations, the textile mills buy
cotton for the whole year during the first 3 months of the season. As
such, their operating funds are stuck up in purchase of cotton and
payment of Sales Tax thereon. The textile mills pay sales tax for the
whole year in the first three months while, as per practice and policy
of CBR, the Industry is put up by CBR in the general queue for refunds
together with the people who pay sales tax on monthly basis. This
unjust system unduly penalizes the tax payers of the Textile Industry.
The sales tax is paid by the textile mills for the whole year in the
first 3 months refunds, while the Sales Tax refunds are allowed by CBR
on an average after 12 months. Due to this undue delay, the textile
industry is made to face several liquidity problems, adversely
affecting their operations and exports.
Chairman Aptma once again urged the Finance
Minister to personally intervene and expedite the payment of genuine
overdue sales tax refunds of the textile industry under a system
separate from the present single queuing system to enable the industry
to concentrate fully on their operations and exports.
A technical seminar was organized by Almurtaza
Machinery Co (Pvt) Ltd, a leading Pakistani importers and distributors
of industrial sewing machines, in collaboration with the Association
for Overseas technical scholarship Japan, Juki Corporation, Japan
& Juki Singapore.
The chief guest of the seminar was Consular General
of Japan. The president of Juki Singapore Manufacturer of world known
brand of Juki industrial sewing machines, Mr. Ishizaka was also
specially coming from Singapore to attend the opening ceremony of this
seminar. Mr Asif Ali Rashid the chairman of Almurtaza Machinery while
highlighting the program informed the press that the seminar would be
held from 13th January to 18th January in Pearl continental Hotel,
Karachi. Its main purpose is to impart training to garment factory
technician working in garment factories in Pakistan. The technical
staff of Juki Corporation, Japan will highlight, the day to day
technical problems faced by the garment factory technicians and how to
over come it. The seminar would go along way in improving the working
of the garment factories which in turn will improve quality of
products and increased production. Another prominent feature of the
seminar was that the lecturers delivered during the seminar translated
and explained in Urdu by the interpreters for the non-English knowing
Pakistani technicians. The engineer's and instruction manuals written
in Urdu was distributed amongst the participants of seminar.
The seminar will also be held at Lahore from 20th
to 25th January, 2003 at Pearl continental Hotel, Lahore.
UPS FOR THE REAL WORLD — MEASURING UPS EFFICIENCY
By Jorma Mannerkoski, Product Marketing Director
EMEA, Inensys Powerware
The primary task of a UPS system is to protect the
load from down time caused by potential power problems. A UPS must be
able to cope with all the power problems which exist in the utility
However, when choosing any type of electrical
equipment it is important that operational costs are taken into
account. Operational costs consist of electrical, operations staff and
maintenance costs. In UPSs the electrical costs are closely linked to
the efficiency of the UPS equipment.
The efficiency of a UPS system needs to be measured
in an actual installed environment. This is because factors such as
the type of load, stability of the utility power and the effect of
partial loads are all factors which need to be taken into account.
There are many competing claims about the relative
efficiencies of different types of UPS topologies. When tested in
laboratory conditions the efficiency ratings for various types of UPS
can be misleading. The reason for this is that the parameters of
utility power input and the load can be precisely controlled and
optimised to produce the highest efficiency levels. When the UPS is
used in real life situations the results can be radically different.
In a normal operating environment the most
important elements, as far as factors for efficiency, are: input
voltage fluctuations, load level of the UPS and the type of load.
Voltage fluctuations are present in just about all
utility systems. Most UPS are able to correct them, but some designs,
for example line-interactive UPSs, have low efficiency when they are
forced to requlate voltage.
Partial loads are very common as UPSs are hardly
ever 100% loaded in real-life situations. In most installations some
allowance for load expansion is made. Single UPS units are typically
60-80% loaded. When two or more units are run in parallel
(redundancy), it automatically means that the UPSs are not fully
loaded under normal conditions. For example when a 200kVA load is fed
through two 250kVA units the load for each UPS is only 40% of the full
capacity. It is important therefore to consider whether the UPS you
choose will offer high efficiency under low or partial load
IT equipment, including computers, are typically
powered by what is called Switch Mode Power Supplies (SMPS). These
power supplies are small and cost-effective, but have a special
characteristic in that they draw electrical current from the mains in
bursts which gives a non-linear waveform. Therefore, when protecting
computers, the efficiency of a UPS needs to be determined under
computer (non-linear) load conditions.
A double conversion on-line UPS regenerates power
continuously regardless of the input voltage and load waveform.
Therefore, because the rectifier and inverter are used continuously
any change in the input voltage or load conditions has very little
effect on the operation and efficiency of the UPS. Double conversion
not only offers the highest level of protection available but also,
through the use of advanced IGBT and DSP electronic circuitry can
offer the highest levels of efficiency as well (up to 94%). Use of
these technologies means there are less components in the UPS, which
in turn means less energy is consumed.
Line interactive (including Delta Conversion) UPSs
compensate for the deficiencies of the utility power and distortions
caused by the load. This means that if the load and utility power are
set to optimal levels, the UPS does not need to compensate for any
deficiencies (in effect does not need to do anything) and therefore
high efficiency levels can be achieved under laboratory conditions. In
contrast when this type of UPS is used in real life situations there
are inevitably going to be voltage fluctuations which will cause the
output converter to be employed and typical computer loads will create
waveform distortion which means the input converter also needs to be
used. These converters consume power, which means the overall
efficiency of this type of UPS can in fact be much lower in a normal
operating environment compared to 'ideal' laboratory conditions. When
combined with the fact that these units do not operate very
efficiently under partial loads, it is apparent that the real life
efficiency is typically lower than in a modern double conversion UPS.
In conclusion, as the performance of a modern
double conversion UPS is not dependent on the utility or load
conditions it offers the highest efficiency in real world
installations. Not forgetting that it also offers best power
Invensys Powerware is a leading global provider of
engineered power solutions. Offering the broadest range of product and
services available today, Invensys Powerware integrates a full line of
AC and DC power systems, power management software, remote monitoring,
turnkey integration services and site support, providing a seamless
solution. Powerware systems and services deliver the high nines of
availability demanded by today's digital economy. Powerware products
and services are utilized in local and wide area networking, data and
voice over IP, co-location facilities, fixed-line and wireless
communication networks, and industrial manufacturing. Invensys
Powerware is headquartered in Raleigh, NC, and is part of Invensys plc.
Invensys plc is a global leader in production
technology and energy management. The group helps customers improve
their performance and profitability using innovative services and
technologies and a deep understanding of their industries and
Invensys Energy Management works with clients
involved in the supply, measurement and consumption of energy and
water, to reduce costs and waste and improve the efficiency,
reliability and security of power supply. The division includes Energy
Management Solutions, Appliance Controls, Climate Controls, Global
Services, Metering Systems, Powerware and Home Control Systems. These
businesses focus on markets connected with power and energy
infrastructure for industrial, commercial and residential buildings.
The company also serves the specialized rail, wind-power and
electronic manufacturing (power components) markets through Invensys
Rail Systems, Hansen Transmissions and Lambda, respectively, in its
development division. Invensys operates in more than 80 countries,
with its headquarters in London.
GemNet is the authorized distributor for Invensys
Powerware, and offers a large range of specialized power related
products and services. The company has local offices in Pakistan (GemNet
Private Limited) and Jebel Ali, Dubai, U.A.E. (GemNet Gulf).
SECP CHAIRMAN AT AKDTRADE.COM
Khalid Mirza, Chairman SECP along with Commissioner
Securities Markets Shahid Ghaffar and his team paid a visit to
akdtrade.com to see how online trading was progressing in Pakistan.
They were informed by Ali Ansari, C.E.O that online trading is being
adopted in Pakistan at one of the fastest inception rates in the
world. Online penetration has now reached 2% of the market in the
short period of 2 months that the site has been in operation with over
50,000 transations worth more than Rs. 3000 million having been
"We are way ahead of our publicly announced
target of Rs. 10 billion turnover in the first year of operation. With
this kind of response it is evident that the retail investors are
quickly learning about the benefits of online trading. There has been
a phenomenal response with over 1 million hits on the akdtrade.com
website. The response received by this trading website has proved that
the investor's are ready to access the stock market at a click of a
button. They can do trading from any where now," said Ansari.
The SECP team conducted a full review of operations
and congratulated Akdtrade for having implemented international best
practices in their business processes. They particularly noted that
Akdtrade is already complying with 'know your client' and anti-money
laundering procedures even before regulations for these have been
introduced. The management team also demonstrated that each individual
order is tagged from inception, through execution, reconciliation and
settlement which is comforting for investors as it removes the common
complaint that investors do not always get trades at the rate they are
Khalid Mirza said: "the natural progression
for Akdtrade is to deploy an ECN so that they can further facilitate
investors by making this a truly anywhere, anytime service. Given the
time difference that many overseas Pakistanis face, an ECN will allow
them to have a live market during there daylight hours. I will fully
support the development of such networks in Pakistan."
Akdtrade.com, Pakistan's first online trading site
is run by the country's largest broker AKD Securities.
LAUNCH ALLIANCE OF STORY OF PAKISTAN CD-ROM AND
On Jam 11, 03 — MOU Signing Ceremony of
"STORY OF PAKISTAN CD-ROM & WEBSITE" Launch Alliance.
Sitting from left Mr. Arshad Khalil (Chairman-Jin Technologies, Mr.
Tariq Salimullah Director Marketing - ARY Digital, Mr. Najeeb Nayyer
Marketing Head - TCS and Mr. Naeemuddin GM - Daily Express. This
CD-ROM will be launched in the first week of March 2003.
INSTITUTE OF BUSINESS MANAGEMENT
The decision to go to a professional studies
college / university is an important one and the choice of a Group of
Studies has important implications for the future. This article
intends to help interested students by giving a clear description of
the courses available at the Institute of Business Management,
Karachi. The Programmes at IoBM offer a rich combination of subjects
in Business Administration, Computer Science, Health Management, and
Social Sciences. There are opportunities for work placement through
Internship programme. The structure of IoBM programmes offer
flexibility in course content while ensuring study in depth so that
graduates are equipped to meet the challenges of rapidly changing
world. The quality of the courses offered at IoBM is underpinned by
the reputation of the faculty for their scholarship, research and
considerable success in preparing students for leadership.
The Institute of Business Management, was opened in
1995 and received a charter from the Sindh Provincial Assembly in
1998, on the recommendation of University Grants Commission.
IoBM provides the academic, physical and social
environment in which personal development are encouraged and
facilitated. Its sprawling campus is located in the peaceful area of
Korangi Creek, a twenty minutes drive from the city center. The
Institute is situated in an area of eight acres with most modern
facilities, state of the art computer laboratories, well-equipped
library, a students activity center, which includes students and
teachers dining halls, students lounges, gymnasium, billiard room, and
a tuck shop. Facilities for outdoor games are also available. Clubs
and societies sustain lively and vibrant student life. The student
body includes about 1800 students from all over Pakistan.
IoBM is the only Pakistani business school with a
full fledged research programme. The Institute publishes the country's
only business research journal, Pakistan Business Review. IoBM's
academic programmes are modern and comprehensive in concepts and
structure. They broadly resemble honours programmes offered by US/ UK
IoBM's has a highly qualified faculty with most
holding foreign Ph.D and Masters degrees. The Institute is operating a
program to enhance the skill and qualification of its academic