Aug 11 - 17, 2003 



The Advisor to the Prime Minister on Women Development, Social Welfare and Special Education Ms. Nilofar Bakhtiar has said that the future of Pakistan was in the hands of its upcoming generation. "Only the educated upcoming generation could put this country on the path to real progress." She said this while addressing a large gathering of students and other distinguished guests at the "Roll of Honor Award Ceremony" organized by Preston University at a local Hotel in Islamabad. She has speaking as the Chief Guest.



She maintained that Pakistan has made significant progress in the economic, political and social fronts, during the last three and a half years, but honestly speaking, she said, a lot remained to be accomplished in the years ahead. The task of bringing true progress and prosperity to Pakistan may be uphill but certainly not unattainable, Ms. Bakhtiar said. To the students she said that with the quality and level of education and the vigorous training that are being exposed to at Preston University, she saw no reason why this crucial national objective could not be successfully achieved.

Earlier, in his welcome address the Chancellor and President of Preston University, Dr. Abdul Basit thanked Mrs. Nilofar Bakhtiar, Advisor to the Prime Minister on Women Development, Social Welfare and Special Education for gracing Preston's Roll of Honor Award Ceremony as the Chief Guest. He said her presence on the occasion was a great source of inspirations and encouragement for the students, faculty and staff of the University. Dr. Basit also briefly spoke on the past and present status of Preston University, and the contribution it has made towards the cause of higher education in Pakistan, since its inception in 1984. He presented a university memento to the Advisor at the end of the ceremony.


During a discussion on TV on the occasion of Pakistan Overseas Envoys conference at Islamabad, Mian Akram Farid, President of Islamabad Chamber of Commerce and Industry (ICCI) stressed the need for greater coordination between the Envoys and the Chamber of Commerce and Industry to promote Pakistan's export trade.

Pakistan needs to face the challenges of globalization to reap the benefits of the new system of international trade. This necessitates that our Envoys overseas should focus aggressively on trade related diplomacy, cultivate friendly and intimate relations with the importers and Chambers of Commerce in their country of assignment in order to get optimum benefit of the new export regimes and provide necessary feed back to the exporters in Pakistan through direct linkage with our chambers of commerce and industry, Mian Farid pointed out.


The Managing Director of Pakistan State Oil (PSO), Mr Tariq Kirmani, has predicted record profits for the financial year ended June 30, 2003, for the premier oil-marketing company of the country.

Addressing the Marketing Operations Conference 2003 on August 2 at a local hotel, Mr Kirmani said this year the theme of the conference i.e. "Teamwork for Peak Performance" was slightly different from last year but the objective was the same. "In the past, different departments of the company used to go alone," he said. "The reason for our success is that now we are working in tandem."

Giving credit to teamwork for the company's great performance last year, the Managing Director said he expected record profits this year also. "The profit figures and overall performance this year would be better than of any previous years," he said.

But, he said, the next couple of years would be tough. The competition is increasing and would further increase in future. Also, PSO's competitors are not small players but very large players globally. "However, we are no pushovers and we will fight back," he said, asking all employees to work harder this year and show even better team spirit.

The Managing Director said that a large company like PSO required large projects to support future earnings. The company is coming up with a major pipeline from Machike to Taru Jabba. PSO also needs to put up a refinery as a long-term product supply source. "We are at crossroads. In the next 10 years, our future will be in jeopardy if we don't have a refinery," he said.

Kirmani said that the refinery project, which would mostly produce refined diesel, was economically viable and the company would not seek subsidy from the government. For the project, PSO would only seek 10-year tax holiday, duty-free imports and a pricing regime. "The time-frame for refinery from ground-breaking to completion would be three years."

Since PSO is undergoing privatization process, the implementation of the project would be decided by the new owners of the privatized PSO.




Teradata, a division of NCR and Unified Communication held a highly focused seminar on the Call Center Technologies in Sheraton Karachi on August 6, 2003 with attendance from top-level executives from telecommunications, financial, government and other corporate sectors of Pakistan.

"Call Center technologies can help business in Pakistan to focus on providing best customer services, "said Syed Veqarul Islam, NCR's General Manager in Pakistan. "NCR is committed to helping businesses in Pakistan grow by using information technology to better serve their customers."

The speakers include Mr. Tabish Sabah, Account Director, Teradata, a division of NCR, who gave an introduction and overview of Call Center Technologies, Mr. Victor Yan, Sales Manager for Unified Communications, who spoke on the latest in Speech Technologies and its Applications while Mr. Rizwan Khalid, Solutions Consultant, Unified Communication specifically dealt with Introduction to IVR-IVR in the Call Center Environment.

Lastly, Mr. Nadeem Ikram, Director IT, Pakistan International Airlines gave an overview Head Remote Banking Services, Union Bank talked about Customer Centric Contact Center making a tangible difference in the overall customer experience.


Askari Commercial Bank Ltd has declared the following profits rates on its PLS Deposits for the half year ended June 30, 2003.

  Rate p.a%
  Jan-Mar 2003
(Three Months)
Apr-Jun 2003
(Three Months)
Saving Deposits
Saving Accounts
Up to Rupee 9,999 2.00 2.00
Rs.10,000 to Rs.24,999 3.00 3.00
Rs.25,000 to Rs.99,999 4.00 4.00
Rs.100,000 and above 5.00 4.00
Askari Special Deposit Accounts (ASDA)
Rs.50,000 to Rs.999,000 2.50 2.00
Rs.1,000,000 to Rs.4,999,999 3.00 3.00
Rs.5,000,000 to Rs.19,999,999 3.50 3.00
Rs.20,000,000 to Rs.99,999,999 4.50 3.00
Rs.100,000,000 and above 5.00 3.00
Askari "Fisda" Accounts
Rs.50,000 to Rs.499,999 2.00 0.50
Rs.500,000 to Rs.4,999,999 2.00 0.50
Rs.5,000,000 to Rs.19,999,999 2.00 0.50
Rs.20,000,000 and above 2.00 0.50
Askari "Faida" Accounts
Rs.50,000 to Rs.999,999 3.00 2.00
Rs.1,000,000 to Rs.4,999,999 4.00 3.00
Rs.5,000,000 and above 5.00 4.00
Value Plus Saving Accounts (Min. Bal. Rs.10,000)
. 3.50 2.00
Notice Deposits
7 days 2.00 1.00
29 days 2.50 2.00
Term Deposits
One month 3.50 2.00
Two months 3.75 2.25
Three months 4.00 2.50
Six months 4.50 3.00
One year 5.00 3.50
Two years 5.50 3.75
Three years 6.00 4.00
Four years 6.50 4.50
Five years 7.00 5.00
Askari Advantage (TDR) (Min. Bal. Rs.100,000)
. 4.50 2.50
Askari Bachat Certificates
Three years 7.00 5.00
Five years 8.00 6.00
Value Plus Time Deposits (Min. Bal. Rs.25,000)
Three months 4.00 2.50
Six months 4.50 3.00
One year 5.00 3.50