Van Gogh Preferred Banking (VGPB) takes its
inspiration from the creativity, mastery and determination of the
world-renowned post-impressionist Dutch artist, Vincent Van Gogh and
represents a fresh and vigorous approach to banking. Marked by the
unique range of privileges and benefits, VGPB offers its customers the
highest levels of services, the guidance of Personal Relationship
Managers, the advantage of the preferential pricing on the products
and access to the plush VGPB lounges, amongst a host of other
Speaking on the occasion, Mr. Paul Lembrechts
described Van Gogh Preferred Banking as "the epitome of service,
offering a second home-coming to the customer" and "as
distinguished as a Van Gogh masterpiece".
Mr. Naved Khan, Country Representative ABN AMRO
Bank, remarked that "Van Gogh Preferred Banking will promote
growth within the banking sector as a whole, by raising the
competitive bar and setting industry standards" and added that,
"the continued investment in the country is clear evidence of ABN
AMRO's commitment to the nation."
UBL ADOPTS A NEW CORPORATE IDENTITY
Pursuant to the successful privatization of the
bank, United Bank management unveiled the new corporate image of the
bank in a media briefing.
Speaking to the newsmen UBL Deputy Chief Executive
Officer, M.A. Mannan said that it was the vision of United Bank's
founding fathers for Pakistan and its banking sector that had led UBL
to survive the turbulent times of history and once again re-emerge as
a; banking leader.
"Since the UBL privatization in October 2002
to now, UBL has been undergoing a metamorphosis to re-emerge as
banking giant," said Mannan.
Founded in 1959, UBL's main focus over the last
four decades has been in the corporate and investment banking,
demonstrating good performance in the commercial sector. "It is
now time to vigorously approach consumer banking as a core business
"The need to change the image of UBL — the
bank in the consumer's psyche was imperative. We have been working
towards this end for the last 3 years and now, and are happy to launch
an identity that is an emblem of innovation, progress and superior
service," Mannan explained.
PRESTON ORGANIZES INFORMATION SEMINAR
Preston University organized an Information Seminar
for prospective admission seekers to its various graduate and post
graduate (Regular & Executive) academic programs being offered at
all its eleven campuses located in the major cities of the country.
The seminar which was held at a local hotel in the Capital, was
overwhelmingly participated by prospective students from the twin
cities and their parents. Regular students including corporate
executives who attended the seminar evinced keen interest in the
academic programs being offered by the University, at graduate and
post graduate level, at its Islamabad campus. The Information Seminar
was organized to furnish detailed information to prospective students
about the programs, Preston currently offers at graduate and post
graduate level in the field of Business Administration, Information
Technology, Social Sciences, Natural Sciences and Applied Sciences.
Addressing the students on the occasion, the
Director Marketing and Public Relations Preston University Mr. M.
Fazal Elahi highlighted the significance of Preston's BBA (IT), BS
(IT), MS (IT), MBA, EMBA, EMS Programs that are being offered at
graduate and postgraduate level. Mr. Elahi also spoke at length about
the new academic programs such as Economics, Statistics, Mathematics,
Applied Psychology, International Relations, Telecommunication and
Electronics that has been launched by the universiy at its Islamabad
campus from fall 2003. He said that Telecommunication and Electronics
Programs are also being offered at the bachelors level. He maintained
that all these programs are market and industry oriented and are of
very high quality. In his concluding remarks, Preston's Director
Marketing and PR, Mr. M. Fazal Elahi informed the participants that
Preston University is a chartered and recognized private university.
He said that a university charter was conferred on Preston by the
government of NWFP vide NWFP Ordinance No. LII of 2002, in November
2002. He further said that Preston University is recognized by the
Higher Education Commission (HEC), Government of Pakistan, and is duly
enlisted in its list of chartered/recognized public and private Degree
Awarding Universities and Institutes of Pakistan.
EPB DELEGATION IN CZECH
A trade delegation of the Export Promotion Bureau
of Pakistan visited the Czech Republic from 28 to 31 August 2003. The
delegation which was led by Vice Chairman, Mr. Tariq Iqbal Puri
represented top businessmen from the sectors of textile and textile
products, leather and leather products, sports goods, surgical
instruments, carpets, rice, fruits and vegetables, cutlery, chemical
and engineering goods.
During the visit the Ambassador of Pakistan and EPB
Vice Chairman called on the Vice Minister of Industry and Trade, Mr.
Miroslav Somol and exchanged views with the Czech Trade & the
Czech Chamber of Economy. Meetings between the Pakistani and Czech
companies were held which led to good initial contacts with bright
future prospects. Since the Czech Republic would become a member of
the European Union in May 2004, it was hoped that within the framework
of the EU, trade and commercial relations would receive further boost.
Prague's contribution towards the industrial development of Pakistan
in particular in the hydro power and energy sector was deeply
appreciated by the Pakistan side.
PSO SENDS RELIEF GOODS FOR 4,000 FAMILIES
Pakistan State Oil (PSO) on September 1, 2003,
dispatched relief goods for the victims of flood in Badin District.
The company sent 4,000 bags, each weighing 22
kilograms, for the victims. The bags comprise wheat, rice, sugar and
cooking oil among other essential items.
The goods were dispatched on eight trucks. A team
of senior PSO officials accompanied the convoy of trucks.
PSO employees have also contributed their one-day
basic salary for relief fund for the flood-affected areas.
As the largest oil marketing company in Pakistan,
PSO has taken care of its corporate social responsibility, emerging as
a socially responsible company that strongly believes in integrating
social, economic and environmental aspects. The Flood Relief Programme
for the District of Badin is one such effort.
The Sri Lanka Tea Board have given the following
clarificatiion regarding the article published in PAGE
captioned Durty reduction and tea smuggling.
is predominantly a CTC tea market and the share of Orothodox tea
segment is approx. 10-15%. Indonesia and Sri Lanka are the main
suppliers of Orthodox tea to Pakistan while Kenya is the leading
supplier of CTC tea. Since two different manufacturing processes are
used for production of CTC and Orthodox teas it is rather unfair to
compare the quality of CTC tea with Orthodox tea.
Lanka produced 310 million kg of tea last year and exported 288
million kg of tea and maintained her position as the number one tea
exporter in the world. Ceylon tea is known world over for its quality
and exported to more than 100 countries in the world. Todate, no
country has complained about the quality of Ceylon tea. Last year Sri
Lanka exported 3.1 million kg of tea to Pakistan which is an increase
of 15% over 2.6 million kg recorded for year 2001.
According to available data, Colombo Tea Auction records highest
average prices for tea and hence Ceylon tea is not "comparatively
lower priced" "but comparatively more expensive" than
teas produced in other countries. The average landed price of Ceylon
tea in Pakistan in 2002, as reported by Pakistan Tea Association
itself was US$ 1.84 per kg compared to US$ 1.74 per kg for Kenya, US$
120 per kg for Indonesia and other supplying countries which is the
most acceptable evidence to prove that Ceylon tea is the most
expensive compared to other teas imported to Pakistan.
Pakistan tea market can be categorized in to two divisions, i.e.
bazaar trade oand blender/packers. While bazaar trade is more price
conscious, the blender/packers import good quality tea to enhance the
quality and taste of their locally packed brands. Most of the Ceylon
tea imported to Pakistan are purchased by blender/packers for use in
their tea brands which also speaks volume for quality of Ceylon.
TERADATA DELIVERS A TECHNOLOGY SEMINAR AT COMPUTER
SOCIETY OF PAKISTAN
Considering the role of CRM for businesses,
Teradata, a division of NCR delivered a seminar at Computer Society of
Pakistan on "Importance of Customer Relationship Management (CRM)
for Businesses" recently at CSP Auditorium, Karachi, as part of
its Teradata Speaker Program.
The Seminar was aimed at disseminating CRM
knowledge amongst the CSP members, MIS/IT Managers and Businessmen.
The Seminar provided an excellent platform for the interaction of
professionals discussing the technology and latest trends and
developments in CRM.
Mr. Saqib Sabah, Account Director, Teradata, a
division of NCR and Mr. Akbar Moghal, Project Manager, Teradata, a
division of NCR, were key speakers of the event. They successfully led
the audience through the various phases involved in reaching optimum
CRM. Mr. Saqib Sabah, in his presentation, discussed the changing
market dynamics and its challenges and how organizations respond to
these challenges by leveraging the latest technologies like CRM. He
also addressed the importance of CRM from the viewpoint of using CRM
as a strategy rather than a technology setup to gain competitive edge.
PAKISTAN ADVERTISERS SOCIETY ELECTS NEW COUNCIL
The 6th Annual General Meeting of the Pakistan
Advertisers Society was held recently in a local hotel. The meeting,
attended by eminent lead players from marketing and communications
industry, was chaired by Haroon Basheer, Country Business Manager and
Vice President CitiBank and Chairman of the Society.
After formal approval of the 5th AGM's minutes,
Haroon Basheer briefed the member body about the major activities in
the preceding year including the publication of Rural Establishment,
Media Habit and Socio-Economic Survey Report.
The members were also informed about the steps that
were being taken, in consultations with APNS and other bodies to draft
a Universal Code of Advertising Practice that would be acceptable to
all the industry.
Secretary of the Society, Ali A. Khan presented the
audited accounts for the year.
The Pakistan Advertisers Society also elected a 10
member Council for the next two year term. In a brief council meeting
after the AGM, the PAS Council elected unopposed Haroon Basheer as
Chairman. Tariq Kirmani, Managing Director PSO and Hans Peter Heissen,
VP/General Manager Proctor and Gamble were elected as two Vice
Chairmen of the Society, while Ali A. Khan, Managing Director Reckitt
Benkiser was elected as the Secretary. The PAS Council also includes
Rizwan Jamil, Director Beverages Unilevers Pakistan, Khalid Alvi,
Marketing Director Pepsi Cola International, Fazal Ghafoor, Marketing
Director Pakistan Tobacco Company, Mahmood Nanji, General Manager
Sales and Marketing Tapal Tea and Yasir Qadri, Senior Vice President
Arif Habib Investment.
FIRST ISLAMIC BANKING BRANCH OF MCB
Muslim Commercial Bank Limited has opened its first
full fledged dedicated Islamic Banking Branch on September 1, 2003 at
lst Floor Shaheen Complex Karachi. Mian Mohammad Mansha Chairman MCB
inaugurated the Branch. Besides, Chairman also present on the occasion
were Vice Chairman, Mr. S. M. Muneer, other Directors, namely, Sheikh
Mukhtar Ahmed, Tariq Rafi, Mohammad Arshad alongwith Mr. Mohammad
Aftab Manzoor, President & other Senior Executives. Elite
customers from business and industrial community also participated.
The President pressed the key on computer to open the First Deposit
On the first day of operation, the Branch opened
LCs worth Rs. 1.100 Billion approximately under Islamic Mode for a
subsequent Murabahah Financing for their customers M/s. Usman
Enterprises and importers of LG products, namely New Allied Electronic
This Branch has been equipped with modern
electronic Banking and Accounting system to extend the best possible
services to its clients. A number of Shariah compliant Islamic Banking
products in deposit and investment are being offered to clients and
all normal Banking Services including ATM facility has been made
available. MCB has taken long way in preparing Islamic Banking
Products and forming a team of dedicated executives and staff who have
been undergone an exhaustive training in Islamic system of banking and
Finance, in Pakistan and abroad, before opening the Branch. MCB
Islamic Banking has launched the following Riba free products in
Deposit Scheme. All Product Manuals and Transactions of the branch are
being supervised by the Shariah Advisor of the bank.
Al-Makhraj Ianat (Current) Accounts.
Al-Makhraj Term Deposits.
1ST CALL CENTER EXPORT ORDER SUCCESSFULLY INSTALLED
IN EAST AFRICA BY ZRG
ZRG International (Private) Limited, the first
company in Pakistan to have received an export order for an advanced
telecommunication solution known as Call Center, has successfully
delivered and installed the solution for M/s Mobitel, a cellular phone
service provider in Tanzania, Africa.
"It is a moment of great pride for Pakistan
because now the country has joined the elite club of handful of
countries that produce and export this type of solutions", said
Mr. Ahsan Abdi, Business Development Manager at ZRG International.
"This has opened up doors for other Pakistani IT and Telecom
solutions companies to enter into the lucrative business of telecom
solutions export", he added.
M/s Mobitel is a dynamic and rapidly growing
cellular phone service provider in Tanzania, that needed a flexible,
scalable and reliable solution for its customer services and support
center in Darus Salaam, Tanzania. In their search, Mobitel identified
Pakistan's call center market and studied the call center solutions
that are being used here by various telecom companies, banks and other
service organizations. After a thorough analysis and reference check,
Mobitel selected ZRG International as the solution provider with the
most focused approach, in-depth technical knowledge, top-notch
product, best performance history and excellent market references.
Speaking about the post-sale status, Mr. Abdi said,
"What is even more exciting is that Mobitel has expressed great
satisfaction with the quality, performance of the solution as well as
the level of post-sale support they have received. As a result, within
a month of the installation, Mobitel placed another order for capacity
expansion of the call center solution", Mr. Abdi believes that
this event has raised Pakistan's profile in the international IT and
Telecom market and has contributed towards improving the image and
reputation of Pakistan as a nation of modern, educated and IT literate
ZRG is an IT & System Integration company
highly focused in the area of Computer-Telephone Integration and
Customer interaction solutions. The company specializes in the
convergence of information and communication technologies and is
well-versed in the integration of multiple channels of communications
such as telephone call, email, fax, SMS, Web, etc. with information
that stored in corporate databases and desktop applications.
ZRG offers solutions that are designed to improve
and enhance business communications and information dissemination
processes through more advanced, quicker and cost-effective ways and
means. These solutions help businesses to offer more value and
services, reduce costs, automate repetitive tasks and enhance quality
of their customer services. The customized and turnkey solutions are
backed by a team of call center and telecom professionals with
in-depth technical knowledge, demonstrated capabilities and a vast
experience. We have in-depth experience in dealing with issues such as
PSTN issues, UAN, 0800, ISDN-PRI, PABX and ACD, Call Center solutions
for Customer Services and Help Desks.
HUBCO BOARD OF DIRECTORS ANNOUNCE FINAL DIVIDEND
Hubco is pleased to announce that its Board of
Director in its meeting London has recommended a final dividend, of
21% (Rs.2.10 per share) for the year ended June 30, 2003. This
announcement is in addition to 33% (Rs.3.30 per share) interim
dividend already paid on April 23, 2003.
The Annual General Meeting (AGM) of the Company is
due to be held in Islamabad on October 15, 2003 to approve the annual
accounts of the Company and approve and declare the Total Dividend.