Speaking on the occasion, Mr. Naved A. Khan, CEO,
ABN AMRO Bank, said "ABN AMRO took a huge initiative to design
this product and bring in the technology with Orix Leasing and now
with Askari Bank joining in, we will be able to bring more convenience
to our consumers". Mr. Humayun Murad, CEO Orix Leasing added
"Orix plays the role of a technological partner and provides the
POS set-up to ABN AMRO and now Askari Bank". Mr. Kaleem-ur-Rehman,
President Askari Commercial Bank, said "we feel that there is
immense potential for Debit Card in the Pakistani market and it is a
facility that will soon become a necessity for all financial
ABN AMRO Bank has always taken the initiative to
launch products like Balance Transfer Facility and Debit Card, which
are the first of its kind in Pakistan.
YAMEEN APPOINTED AS REGIONAL CFO AT ABN AMRO
Yameen Kerai is taking up expanded responsibilities
as Regional Chief Financial Officer-Asia Pacific, ABN AMRO N.V. His
new appointment and promotion reaffirms ABN AMRO's commitment to
individual career development and growth. Based in the Bankís
Regional Office in Singapore, he will be responsible for all Network
Finance matters relating to Wholesale Clients' Business in 13 Asia
Pacific countries, reporting to the Global Head of Network Finance for
Wholesale Clients' Business.
Yameen joined ABN AMRO Pakistan in 1995 as Chief
Financial and Administrative Officer after careers in Finance and
Public Accounting in London, Jeddah and Canada. His time with ABN AMRO
Pakistan coincided with rapid growth of its customer base and the
introduction of consumer banking products. To support this growth,
Yameen was instrumental in improving the Bank's MIS and Reporting
Systems and oversee the expansion of the Bank's physical and IT
EMIRATES SKYCARGO HAS ITS EYE ON THE BALL
Cricket fans inside and outside the air cargo
industry will be bowled over. Emirates SkyCargo is carrying the ICC
Cricket World Cup live on its website throughout the entire
This will give anyone who accesses
www.sky-cargo.com constant up-to-the-minute updates on every match
being played from February 9 to March 23 — and much more besides.
PC users can keep their eye on the ball even while
they work, thanks to a scorecard that can be downloaded at the click
of a button from the website to the desktop.
All the information is fed to the Emirates SkyCargo
website by CricInfo.com, the leading cricket information provider on
With its cargo consignments, Emirates SkyCargo aims
at nothing less than a perfect delivery. The information that will be
available from Emirates SkyCargo measures up with match schedules and
fixture information, a live scorecard, a ball by ball commentary
automatically updated every 60 seconds and group information,
That's not all. By filling in a simple e-form,
cricket fans can enter a draw to win two Business Class tickets to any
destination of their choice on the Emirates network.
"We think we have hit a sixer with our Cricket
World Cup coverage," said Prakash Nair, Emirates' Cargo Marketing
Many of the Test-playing nations are on the
Emirates network, which now includes 64 destinations in 45 countries.
Emirates SkyCargo ensures delivery anywhere in the world with
interline agreements, GSA representation and trucking systems in
Europe, India and Australia.
The winner of numerous awards including four Cargo
Airline of the Year (Air Cargo News) titles, Emirates SkyCargo has
proved a market leader. Keeping cricket fans happy is the latest
innovation. Expect more.
PIXAR BUILDS MASSIVE INTEL AND RACKSAVER-BASED
Pixar Animation Studios, the Academy Award-winning
creator of "Toy Story" and "Monsters, Inc.,"
recently announced that it is working with Intel Corporation and
RackSaver to create one of the most powerful computer installations
ever used for digital animation.
Pixar's new RenderFarm, used to create the digital
images for each frame of animation in its movies, will consist of 1024
Intel® XeonTM processors inside of eight new RackSaver BladeRack
supercomputing clusters running Pixar's own RenderMan® software. The
RenderFarm features two terabytes of memory and 60 terabytes of disk
space. Each Intel Xeon processor at 2.8 GHz is about five times faster
than the older RISC-based processors in Pixar's outgoing RenderFarm.
Pixar is using the system for its film, "The Incredibles,"
scheduled for a 2004 release.
INTEL ANNOUNCES 'WIRELESS-INTERNET-ON-A-CHIP' FOR CELL
Intel Corporation recently announced a new cellular
processor that uses advanced "wireless-Internet-on-a-chip"
The highly integrated microchip is the first to
combine the key components of today's cellular phones and handheld
computers onto a single piece of silicon — promising to bring
advanced functionality, longer battery life and more innovative phone
designs to mainstream phones.
Called the Intel® PXA800F cellular processor, it
is a key component of the Intel® Personal Internet Client
Architecture (Intel® PCA), Intel's development blueprint for
designing wireless handheld communication devices that combine voice
communications and Internet access capabilities.
In creating unique
"wireless-Internet-on-a-chip" technology, Intel engineers
overcame significant technical hurdles associated with combining the
different design and manufacturing technologies for processing, flash
memory and communications functions. The Intel PXA800F cellular
processor is built using a single process to place all key components
onto one chip using the industry's leading .13-micron silicon
"Intel's ability to provide communications,
computing and memory functions in a single chip is unmatched in the
industry and promises to deliver outstanding performance, greater
versatility and a richer experience to cell phone users
worldwide," said Hans Geyer, Intel vice president and general
manager of its PCA Components Group. "As the industry transitions
from voice-only phones to advanced devices that combine voice and
data, the ability to effectively and efficiently combine advanced
processing, memory and communications technologies will be required to
drive the next-generation of cell phones."
AGA KHAN AND KIBAKI DISCUSS DEVELOPMENT CHALLENGES
His Highness the Aga Khan, Imam (spiritual leader)
of the Ismaili Muslims was received by President Mwai Kibaki at State
The two leaders held wide-ranging discussions
covering the implementation of previously articulated and new
expansion plans for the agencies of the Aga Khan Development Network (AKDN)
in Kenya specifically and Eastern Africa and the India Ocean region
more generally. These include investments of US$ 40 million in the
health sector and US$ 30 million in the education sector.
DEWAN FAROOQUE MOTORS
The Honourable Federal Minister of Industries &
Production, Liaquat Ali Jatoi, visited the Dewan Farooque Motors
Limited (DFML) plant in Sujawal.
The Honourable Minister visited the plant and
witnessed the entire process of vehicle assembly. DFML plant is well
equipped with unmatched technological features including the latest
welding equipment, automatic jigs and fixtures in the: body shop, and
robots in the paint shop. DFML has the only plant in Pakistan where
robots are being employed to paint the vehicles.
The Honourable Minister also observed an exhibit of
local parts employed in vehicles in Pakistan. Ever since its
appearance on the automobile arena, DFML has proved to be an agent of
change in the previously dormant automobile market dominated by
Japanese brands. DFML brought about a healthy competition in the
market by introducing six new products in every segment of the market.
The well-established Japanese assemblers had to react to the changed
market scenario by bringing in new models.
MCB'S RECORD RECOVERY OF RS. 2.5 BILLION IN 2002
Muslim Commercial Bank Limited has made Cash
Recoveries of Rs. 2,498.141 mn in NPLs during the year 2002 despite
difficult economic conditions. Out of this, Cash Recovery of Rs.
1,414,241 mn has been made in loss category thus contributing
significantly towards bank's earning. These include numerous mutual
settlements made in a professional spirit.
The recovery of the year 2002 is 14 per cent higher
than the preceding year when the bank could recover Rs. 2,187.267 mn
upto December 2001.
PAKISTAN - BELGIUM BUSINESS FORUM (PBBF) - WEBSITE
Mr. Mohammed A. Rajpar, President, PBBF delivering
Mr. Abid Husain, Trade Commissioner for the Walloon
Region addressing the gathering.
His Excellency Patrick Renault, Belgian Ambassador
to Pakistan addressing the audience.