It may be noted that the WGC has conducted 2 such
events successfully in the past and the present festival promises to
be the biggest shopping festival in Pakistan. In the gold festival of
2000, a lucky winner of the grand draw won 3 kilos of gold, equivalent
in value to 2 million Rupees today.
The Gold Shopping festival will run from September
22 to October 21, 2003 in Karachi. It is projected to give a tangible
boost to economic activity in the city, as consumer spending is
expected to spread beyond the purchase of gold jewellery to
complementary items like clothing, domestic appliances and so on. The
WGC is very hopeful that the Dubai experience can be successfully
repeated in Pakistan, with the shopping festival becoming an annual
event and other industries joining it in the years to come to make it
into a truly mega event.
As part of its ongoing Social Action Programme, The
Hub Power Company recently donated computers and printers to Layton
Rahmatulla Benevolent Trust (LRBT) in Karachi and Quetta. Picture
shows Mr. Vince Harris, CEO, HUBCO (4th from left) handing over the
computers to Khawaja Zafar Hasan, Chairman, LRBT (3rd from left) along
with HUBCO and LRBT officials.
PSO PLASTIC CARDS GAINING POPULARITY
The three plastic cards launched by the
oil-marketing giant, Pakistan State Oil, are generating waves in the
country's petroleum industry by considerably increasing the sales of
the company. As a result of this, the unprecedented success of these
cards, has thrown PSO's competitors into panic and disarray. The cards
have also played a dominant part in taking the image of PSO to new
The first card to be launched was the Loyalty Card
that in July 2002. On January 31, 2003, the company launched the new
generation Fleet and Corporate Credit Cards, its latest marketing
Petroleum industry analysts say that the cards
programme launched by PSO is a highly innovative idea that providing
immense benefits to the company's customers that have not seen
anything similar in Pakistan. They feel that these cards have made
one's life simpler and faster. Never has fuel purchasing been so
swift, easy and consumer friendly.
Of the two cards, the vehicle-specific Fleet Credit
Card offers the advantage of a pre-approved credit limit and is the
perfect solution to effective fleet management. On the other hand, the
Corporate Credit Card is an employee specific personalized card with a
pre-approved credit limit.
"Companies are grabbing the Fleet and Corporate
Credit Cards as they see them as an instrument to end pilferage," a
broker at Karachi Stock Exchange said.
Other analysts say that the cards not only provide
security and savings but also flexibility and convenience. As if that
is not enough, a consolidated monthly billing statement follows and
this gives the company a detailed picture of the monthly spend on each
But most of all, the cards are bringing more
business to PSO. "Many of these new companies were earlier served by
PSO's rivals. Now, because of these cards, which they find very
useful, these companies are switching to PSO," said an analyst at a
top brokerage firm in Karachi.
The personalized Loyalty Card that is the most well
established card is the forerunner in the cards family, provides an
excellent three in one package as a result of which, it has already
attracted thousands of customers to the PSO fold and this number is
growing rapidly. No wonder these new cards have been widely accepted
and have become the talk of the town. This is a clear sign of the
accomplishments made by PSO whose name is associated with a number of
innovations, the true sign of an outstanding leader in its field.
KODAK SIGNS MOU WITH VIRTUAL UNIVERSITY
Kodak Limited Pakistan Branch recently signed a MoU
with Virtual University of Pakistan offering support and assistance in
a Professional Course on Photography as part of VU's curriculum in
Performing Arts. The project is aimed at harnessing the country's
human capital and enhancing career prospects after acquiring the Kodak
Diploma in Photography.
The course would be offered in three semesters:
Foundation, Intermediate and Advanced level. The Foundation course
covers Basics of Photography, Black & White Photography, Color Theory,
Developing & Printing/Lab Operations, Familiarization of different
formats, Studio set up, Photography as Career and Digital & Photo
The Intermediate Course includes Photography as
Career, Marketing/Budgeting/Costing, Lighting Indoor/Outdoor,
Wedding/Events Photography, Fashion/Glamour Photography,
Portraitures/Art Photography, Product/Advertising,
Photojournalism/Sports, Digital & Photo Shop (freehand).
Advanced level consists of specialization in any of
three of the following subjects (one major and two minor):
Wedding/Event Photography, Fashion/Glamour Photography,
Portraitures/Arts, Product/Advertising, Photojournalism/Sport, Digital
& Photo Shop. Third semester mainly comprises of practical to be
conducting under the supervision of instructors & submission of
portfolio (Thesis) at the end of the semester.
Speaking on the occasion, Syed Awais Ahmed, Country
General Manager, Kodak Limited Pakistan said, "It is a moment of
immense pride and pleasure for Kodak to have been selected to support
the government's endeavor on this educational front and play our role
in the enhancement of our people's career prospects as well as in the
eradication of unemployment."
Furthermore he said, "The course on Professional
Photography in collaboration with Virtual University of Pakistan will
not only help amateur and professional photographers to refine their
skills but will also open doors to new career opportunities, providing
collective benefits to the country and the industry."
While talking about the aims and objects of the
course Tajdar Alam, Managing Director, Virtual Television said, "We
appreciate the wholehearted support and assistance of Kodak Limited
for the forthcoming launch of a new faculty in Performing Arts at the
university, starting with Photography. The course is aimed at
involving the youth to acquire professional skills in photography as a
career and job-seeking opportunity."
The curriculum of the professional course on
Photography will cover up all aspects to improve existing skills,
under the guidance of professional photographers and experts in
The Virtual University (VU) of Pakistan is a
project of the Ministry of Information Technology &
Telecommunications, Government of Pakistan. It aims at working towards
raising the standards of education in Pakistan by providing high
quality, easily accessible, affordable world-class education through
the finest faculty nationwide, thereby contributing to the local &
national economy. Virtual University received the Charter from the
Federal Govt. of Pakistan in 2002. The President of Pakistan is the
Chancellor of the University.
Kodak is the world's leading photographic brand
with global presence in more than 100 countries and a worldwide market
share of more than 65%. It is the world's most popular brand and
sponsors some of the best-known events held in many countries. The
newly opened Kodak Theatre in Hollywood plays host to the annual Oscar
Awards (to be held here for the next 20 years) viewed by television
audiences in excess of 1 billion. Kodak Limited (Pakistan Branch) is
the only photographic marketing company in Pakistan with a
PSO TO SET UP MAJOR REFINERY
Pakistan State Oil, the largest oil-marketing
company in the country, is planning to set up a major refinery in the
country. This was announced by the Managing Director of PSO, Tariq
Kirmani, in an address to PSO employees on July 25, Friday at PSO
The Managing Director said that PSO had a large
product requirement. "We need a refinery project of our own in order
to ensure availability of products for all times to come," he said.
"We can do it soon."
Tariq Kirmani said the refinery would have a
refining capacity of 150,000 barrels of crude oil per day." He said
the refinery project would cost US$1.4 billion. "We will move fast and
meet the country's requirements with lot of savings in foreign
exchange on imports of finished product."
Recounting the recognition PSO had received during
the last financial year that ended June 30, 2003, the Managing
Director said that the company had become a member of World Economic
Forum while the Wharton Business School of the University of
Pennsylvania and top management expert Professor Roderick Martin had
sought to conduct separately case studies of PSO's turnaround.
Also, the Managing Director said he had a unique
opportunity to enlighten senior officers of National Defence College,
Islamabad, on the turnaround experience, good governance and
management excellence that PSO has achieved.
He said the company had ended the financial year
'03 with flying colours. He said that as far as white oil products
were concerned, the industry had grown by 2.4 percent while the
company had achieved a growth of 5.8 percent and its market share was
He said that as far as black oil products were
concerned, PSO had a monopoly and that had now ended. This is because
of deregulation, increased availability of gas to IPPs, availability
of hydel power and less fuel offtake by Hubco and other power
Kirmani said that during the last financial year
PSO had won Railways, Defence and Pakistan Steel Mill contracts and
this was an extraordinary achievement.
The Managing Director added that PSO had come a
long way. "We used to be a supply-driven company. Now we are a
customer focused company." He said that Matrix Management System had
been introduced in the company. "Due to better performance of various
business lines and empowerment of employees, the company has shown
much better results."
Regarding the financial results, the Managing
Director said that last year, PSO broke previous 25 years' record.
"This year we would also be doing extremely well," he said.
The Managing Director said that a public sector
company had achieved all these successes. "We have changed the
Pakistani mindset and we are proud of it," he declared.
DR. ANWAR ALI SHAH APPOINTED AS A DEAN
Prof. Dr. Anwar Ali Shah G. Syed, Director, IBA has
been appointed as a Dean, Faculty of Commerce and Business
Administration, University of Sindh, Jamshoro by the Honorable
Governor Sindh/Chancellor, University of Sindh for a period of three
Dr. Shah is hailing from small village Ubrio Shah,
Taluke Moro, District Naushehro Feroze, Sindh. He did his
Matriculation in 1969 from New Jatoi High School, Bachelor of Commerce
(B.Com) from Govt. Sindh College of Commerce, Hyderabad in 1973 and
Masters in Commerce (M.Com) in mid-70's from University of Sindh,
Dr. Shah joined University of Sindh as a Lecturer
in 1977 and proceeded to England in 1983 where he received a degree of
Masters in Business Administration (MBA) from University, of Leeds,
United Kingdom in 1984.
Dr. Shah did his Ph.D. in Business Administration
from Cardiff Business School, University of Wales Institute of Science
and Technology, United Kingdom in 1989.
Dr. Shah became a Professor of Business
Administration and was appointed as Director IBS (now known as IBA)
University of Sindh, Jamshoro in 1993. Since then he has been working
as Director, IBA University of Sindh, Jamshoro todate.
Dr. Shah also happens to be the Founder Director, IBA, Sukkur
affiliated to IBA, Karachi from 1996 to 1998.