Kodak Master Blaster, a 230 ft tall giant slide is
expected to be the main attraction for the visitors to the park, as it
happens to bethe largest slide in Pakistan.
STATE BANK GOVERNOR VISITS HUB POWER STATION FIRST INDIVIDUAL VISIT
TO PLANT BY A SBP HEAD
The Governor of the State Bank of Pakistan, Dr.
Ishrat Hussain made a visit to the Hub Power Plant recently, becoming
the first SBP Governor to do so individually and not as a member of a
group. The visit was a part of an ongoing programme the Governor is
undertaking, to tour different large scale industrial units in the
On arrival at the Power Station, Dr. Hussain was
warmly received by Vince Harris, Chief Executive of Hubco. All
visitors to the Power Station are first shown an induction video to
familiarize them with the premises and the rules to be followed while
remaining in the area and Dr. Hussain was no exception. This was
followed by a showing of the Hubco corporate video and a presentation
by the Hubco Chief Executive. Later the Governor was taken around the
Power Station and given a detailed briefing.
SHELL AND JOINT VENTURE PARTNERS
Shell Development and Offshore Pakistan BV (Shell)
is pleased to announce that Premier Oil Pakistan Offshore BV (Premier)
and Kufpec Pakistan BV (Kufpec) have agreed to acquire 50% of Shell's
95% working interest in Block 2365-1 Offshore Indus E, a deepwater oil
exploration licence in the Indus basin, approximately 150 kilometers
south of Karachi.
The new partnership, finalisation of which is
subject to regulatory approvals, will comprise Shell (47.50%), Premier
(23.75%), Kufpec (23.75%), and Government Holdings (Private) Ltd (GHPL
5%). As a result of this agreement, investment in exploration activity
is expected to rise significantly from the Shell/Government Holdings
Joint Venture's present commitment of US$2 million to over US$11
million during the current licence period.
MCB BEST BANK IN PAKISTAN — EUROMONEY AWARDS FOR EXECLLENCE-2003
Muslim Commercial Bank (MCB) was declared the Best
Bank in Pakistan by the prestigious Euromoney Awards for
Excellence-2003. MCB has been awarded the Euromoney award for
excellence thrice in the last four years. Mohammad Aftab Manzoor
President Muslim Commercial Bank received the award at a grand
ceremony for Global Awards, held recently at the Natural History
Museum, London. Neil Osborn, Managing Director Euromoney Institutional
Investors PLC presented the award.
Leadership in technology, initiatives in new
products and growth in balance sheet have led to sustained overall
improvement in operations with a positive impact on financial
strength, customers franchise and brand equity.
On the technology front MCB operates the largest
network of 170 ATMs and offers the widest range of transactions to its
ATM/Debit card holders. Convenience of using the ATM/Debit card to
shop is available on the growing network of Point of Sale (POS)
machine, at retail outlets. Mobil Phone Banking is another unique free
service being offered by the Bank. The new core Banking Solutions is
also under implementation, which would help in costeffective products
delivery to customers, including e-banking.
Furthermore recently introduced products in
Consumer Financing, Islamic Banking and Cash Management are focused on
meeting the needs of the diversified customer base of MCB.
SAUDI PAK COMMERCIAL BANK JOINS MCB M-NET SWITCH
Saudi Pak Commercial Bank Ltd. became member of MCB
M-NET switch family after signing an agreement at Muslim commercial
Bank, Principal Office, Karachi to share MCB's largest ATM Network
across the country. This mutual beneficial alliance will enable the
customers of Saudi Pak Commercial Bank Ltd to use ATM facilities
offered by MCB and other M-NET partner Banks.
Mr. Ali Munir, SEVP, Muslim Commercial Bank Ltd and
Syed Hassan Iktedar, President and CEO, Saudi Pak Commercial Bank Ltd.
signed the agreement. Also present on the occasion were Mr. Aarij Ali,
EVP, Consumer Banking, Mr. Javed Adhi, SVP, I.T. MCB, Mr. Mahmood
Siddique, EVP/Divisional Head, I.T. and Ammar Bin Mujeeb, V.P, ATM &
E-Banking of Saudi Pak Commercial Bank Ltd.