April 28 - May 04, 2003 




Standard Chartered's Credit Card Unit held a lucky draw recently to select 33 winners resulting from the recent 'World Cup' cricket campaign.
Aiming to further strengthen the image of SCB credit cards, a brand re-enforcement campaign was held during which the viewers of the Cricket World Cup (on channel Ten Sports) were given an opportunity to guess the day's winning team by calling in on a 0900 number before the 40th over of the second innings. The day's correct answers were put into a lucky draw, with the winner receiving a Philips DVD player.




"State Life Insurance Corporation has paid Rs. 4.23 billion during the last three years on account of Maturity and Death claims that financially benefited 67761 policyholders and their families nationwide". This was stated by Mr. Samee-ul-Hasan, Chairman, State Life while addressing the delegates of State Life Convention 2003.

Mr. Muhammad Latif, Mr. Zafar Mehmood, Executive Directors, State Life, and Senior Corporate and Marketing Executives were present on the occasion. Mr. Samee-ul-Hasan said that State Life has emerged as the country's leading financial service institution in wake of large scale restructuring that has been carried during the last three years in the light of Insurance Ordinance 2000. He informed that the Life Fund of State Life stood at Rs.100 billion and the book value of its Real Estate stood at Rs.2684 million. Chairman, State Life said that the real owners of State Life are its valued policyholders. He said the restructuring of the marketing force in light of Insurance Ordinance 2000 has led to the procurement of quality New Business i.e. First Year, Renewal and Persistency during the period 2000 to February 2003. He added that the corporation is progressing day by day due to the prudent measures initiated by the Board of Directors.

Chairman, State Life congratulated the Marketing Force, officers and staff of State Life on attaining their business targets during year 2002. He hoped that the business targets set for the year 2003 will be procured consistently with commitment and dedication.

Earlier, Mr. M. Javed Khan, General Manager (Marketing) while presenting his welcome address highlighted the business performance. He said that State Life has successfully procured Rs.1.23 billion as New Business in 2002 showing an increase of 20.58% as compared to corresponding period in 2001. Mr. Javed said that State Life's New Business has increased by 39.32% during Feb 2003 while the corporation extended financial protection to 20,045 new policyholders and their families country wide. He said that the Renewal Business stood at more than Rs.550 million while obtaining 62.30% and 97.80% as Second and Third Year Persistency for the period February 2003. The General Manager (Marketing) said that year 2003 has been designated as "Year of Training" for marketing force.



Special awards and performance shields were distributed amongst the marketing executives and Convention 2003 qualifiers. The last draw of "Barwaqt Inami Scheme" for the policyholders was held and names of those lucky policyholders were announced who won the lucrative prizes. On this occasion Mr. M. Aslam Sabir, General Manager PHS/Computer inform that State Life has launched a new scheme for policyholders, title "Hum Khurma Hum Sawab".


Microsoft Pakistan and Khadim Ali Shah Bukhari (KASB) Group have recently signed an Enterprise agreement that shall enable KASB to introduce new and innovative technological concepts within their organization. KASB Group comprises of KASB Bank, KASB Securities, KASB Leasing and KASB Technology.

Jawwad Rehman, Country Manager, Microsoft Pakistan and Furqan Qureshi, CEO, KASB Technology Services carried out the proceedings of the agreement signing, along with Asim Haque, Enterprise Account Manager, Microsoft Pakistan who was also present on the occasion.

"Microsoft Pakistan is pleased to provide KASB Group with its up to date technology and expertise. I am confident that this partnership will be of immense value to KASB Group and will enhance its technological capacity to deliver service to their customers," said, Mr. Jawwad Rehman, upon signing the agreement.

Emphasizing on the importance of the agreement to his organization, Mr. Furqan Qureshi, CEO KASB Technology Services stressed, "There are two primary reasons for signing the agreement with Microsoft. First reason being compliance, whereby we will always deploy licensed software across KASB Group. This is a subject of Trust. Secondly, we wish to move ahead of others by maximizing the return on our investments in technology, since in a services driven industry, our ability to deliver services will be determined by quality of our software and our people. To that extent, this is a strategic partnership initiative with Microsoft."