Jan 20 - 26, 2003



Microsoft recently launched the "Technology Jumpstart Package" for members of Pakistan Software Houses Association (P@SHA) with the sole purpose of establishing a strategic working relationship between the two organizations in the larger interest of the software industry in Pakistan.
The growth of any country's software industry is dependent on the protection of intellectual property rights and through the launch of the Technology Jumpstart Package (TJP), Microsoft emphasized its commitment to give the entire P@SHA member 



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 Technology Package'.


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.


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 power.

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 conditions.

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 protection available.


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 applications.

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).


Khalid Mirza, Chairman SECP along with Commissioner Securities Markets Shahid Ghaffar and his team paid a visit to 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 conducted.

"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 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 executed.

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.", Pakistan's first online trading site is run by the country's largest broker AKD Securities.




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.


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 Universities.

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 faculty.