BUY GOLD AND WIN MORE AT RUSH FESTIVAL
World Gold Council, the organizer of Gold Shopping
Festival "GOLD RUSH" clarifies to all its customers that on
every purchase of gold jewellery worth Rs. 5,000, customer is entitled
for a coupon.
It was been reported that some participating
jewelers are issuing only one coupon on the purchase of even Rs.
15,000.00 to Rs. 25,000.00. Therefore, World Gold council clearly
informs all jewellery buyers that consumers should ask for coupon for
every Rs. 5,000.00 they pay to their jeweler. If a customer purchase
gold Rs. 10,000.00 then he or she is entitled for 2 coupons and so on.
LG ELECTRONICS UNVEILS THE LARGEST EVER 76 INCHES
LG Electronics cemented its position as the leading
manufacturer of plasma-display panel (PDP) TV after announcing that it
has developed the world's largest-screen PDP TV.
Using innovative homegrown technologies, LG
Electronics outpaced the size of the 71-inch PDP TV (previously the
world's largest) that it had recently unveiled in July 2003, but the
new PDP-TV is larger by five inches, thereby breaking its own record
in only three months.
The 76-inch PDP TV features a superior-quality
full-definition screen, with 2.07 million pixels and 1920 x 1080 super
high-definition range. The product also boasts of an 83-mm thick
super-slim design, making it the most advanced TV in terms of screen
quality, size, and thickness.
WORLD BANK CONSULTANT VISITS ICCI
Dr. A. Cox Edwards, World Bank Consultant, called
on Islamabad Chamber of Commerce and Industry (ICCI) and discussed the
parameters of her study concerning Rural Factor Markets in Pakistan.
The study is designed to examine the performance of rural factor
markets and will include integrated studies of land, water, labour and
rural financial markets. As a first phase of this study seven
background studies have already been completed on the performance of
all factor markets.
The Acting President of ICCI Chaudhry Mukhtar Ahmad
welcomed Dr. Aljendra Edwards on behalf of the Chamber. He was
assisted by ICCI Vice President Rashid Humayun and several other
prominent businessmen joined in the discussion concerning the study
and expressed their points of view. Those included in the discussion
were Messrs Aftab Akhtar, Advisor to the President, Mahboob Elahi,
Sohail Malik, Sh. Tariq Sadiq and Asad Farid. They represented the
sectors of textiles, food products, hotel management and construction,
which were relevant to the study being conducted by the World Bank
The 9th China International Trade Fair for
Hometextiles and Accessories (Intertextile Autumn) opened at Shanghai.
Which is the largest international textile fair in Asia.
Over 260 companies from around the world are
participating in Intertextile this year, with huge pavilions set up by
manufacturers from Hangzhou, Guangdao, Changzhou and Hong Kong, along
with major European manufacturers and supplies of textiles, fabrics,
chemicals and accessories.
According to Messe Frankfurt, the organizers of
Intertextile Fair, China is set to experience massive growth in the
home textile industry as it prepares for the 2008 Olympics and 2010
World Expo, developing hotels, sporting facilities and tourist
destinations across the country. For overseas exporters, China offers
an exciting opportunity for export and business ventures as its
current imports of textile are around $12 billion are expected to
double in the next few years.
Pakistan is the only Asian country with National
Pavilion in Intertextile along with Germany and France which are
participating under their respective export promotion organizations.
VISIT OF SAUDI BUSINESSMEN
As a consequence of the Minister of State, Mr.
Tariq Ikram's visit to Saudi Arabia, it has been agreed that a high
powered delegation of Saudi importers, exporters and investors will
visit Pakistan in the first quarter of 2004. All such Pakistani
companies wishing to pursue trading and joint ventures in any field,
in Pakistan or Saudi Arabia, should earliest (but not later than end
November 2003) contact EPB and provide the following information;
product sectors for trading and nature of Joint Venture
desired/sector, profile of business alongwith company brochure and a
brief write up on current activities and size of operation in
Pakistan, name of bankers and auditors. Whilst any sector will be
acceptable those suggested by EPB relate to export-oriented investment
in setting up or expansion of vertically integrated large size textile
and garments, par boiled rice production of world-class quality
investment in leather/products/garments, expansion/set up of
world-class surgical goods, sports goods and carpet industry.
Saudi Arabia is now one of the largest producers of
machine made carpets and joint venture in marketing and/or production
can be considered. Other areas of investment and trading include tuna
fishing with Saudi investment in long liners and technology joint
venture with Sri Lanka etc., fish/shrimp farming, apple growing,
grading and packaging, mango pulp, rice value-added products,
automated large scale gold/studded jewellery production, quarrying of
marble and granite and cutting and polishing thereof, auto parts
production, furniture production, technical and automated farming,
growing and export of flowers, pharmaceuticals production, JVs with
construction companies to benefit from Iraqi and Afghanistan
reconstruction, railways, back office IT projects, software houses.
SECY PETROLEUM VISITS PSO, APPRECIATES PERFORMANCE
Secretary Petroleum Mr Abdullah Yousuf recently,
visited the PSO House and reviewed the outstanding performance of the
blue chip entity with senior management. Executive Directors and
General Managers made presentations on the occasion.
Addressing the senior management, the secretary
said that PSO had made remarkable progress, which was due to the
inspiring leadership of the Managing Director and the teamwork under
his expert guidance.
"I hope that the same zeal and spirit will
continue after the privatization of the company," he said, adding
that the quality of presentations made by the company always amazed
LA MUSE - THE GODDESS OF ART!!!
La Muse... A forum where the height of creativity
in multimedia technology could be seen in different dimensions like
Print Campaign, Web Designing, Video Editing/Video Composting, 2D and
3D Animation, Multimedia Authoring.
Arena Defence organized an amazing multimedia work
exhibition on 10th-11th October 2003. The students of all semesters
participated in this program to show the multimedia creativity and
The inauguration of the exhibition took place by
Mr. Arshad Khalil, Master Franchisee, Arena Multimedia-Pakistan
Operations. The Jury†Panel included experts from ARY, GEO, R-Lintas,
CMC, Orient McCann, FM 107 and Indus Music. The Chief Guest was Mr.
Shehzad Nawaz, Group Creative Director (Jang Group) also an ex Arenian.
The members of Jury and the Chief guest appreciated students efforts
and also provided valuable inputs to improve the work in future.
winners of the exhibition are as follows:
•Desktop Publishing/Waheed Nasir (Illustration
and manual sketches)
•2D/3D Animation/Saleem Khan (Rude Water Project)
•Vdeo diting/Shoeb & Umair (Play on Multimedia in Trouble)
•Web Designing/Abdul Matin (Website on Islam)
•Multimedia Authoring/Amjad Mughal (Gallery of student work)
HUBCO DONATES 2 AMBULANCES TO EDHI TRUST
The Hub Power Company recently made a donation of
two brand new, fully equipped ambulances to the Edhi trust for
operation in the Hub and Gadani areas.
Vince Harris, the Chief Executive of Hubco,
accompanied by other company officials, visited the Bilquis Edhi
centre in Clifton area and handed over the two ambulances to Maulana
Abdul Sattar Edhi.
"This donation is a further enhancement to
Hubco's very active social action program and we are again honored to
be able to play our part for the health care of the people living in
the areas adjoining our plant," said Vince Harris, Chief
Executive of Hubco.
The Hubco team was taken on a tour of the centre by
Maulana Edhi himself who explained the working of the centre and also
the operations of the Edhi trust all over Pakistan.
"We are grateful to Hubco for this donation,
which is a fine example for others to follow," remarked Maulana
Abdul Sattar Edhi.
BEACH CLEANING AT SANDSPIT BY SUI SOUTHERN GAS
Sui Southern Gas Company organized a beach cleaning
activity at Sandspit in coordination with WWF-Pakistan, as part of its
Corporate Social Responsibility Initiative.
Sui Southern Gas Company mobilized school children
through WWF-Pakistan and sponsored the whole programme. About 300
students of various schools, participated in the beach cleaning
activity, alongwith officials of the company. Solid waste, especially
plastic particles, polythene bags etc were removed from the beach.
AFGHANISTAN INTERNATIONAL BANK
ING Institutional and Government Advisory group has
announced that it has been mandated to establish and manage a new bank
ING and a consortium of investors have submitted
the license application to set-up the Afghanistan International Bank
to Da Afghanistan Bank, Afghanistan's Central Bank, to receive
approval under the commercial and central banking laws ratified on
16th September 2003. Upon approval, the Afghanistan International Bank
will be one of the first local Afghan commercial banks to be set-up in
the last 23 years.
ING will manage the bank and provide senior
management executives, including a Chief Executive Officer and Chief
Operating Officer. The Afghanistan International Bank will initially
be capitalised at US$10 million, and managed by ING for an initial
three year period. The bank aims to become a model bank in
Afghanistan, established and managed in accordance with international
DHL LAUNCHES FAST FORWARD
DHL Express, the global market leader of the
international express industry, recently announced it has launched
Fast Forward, a revolutionary new service that will bring efficiency
and deliver cost savings for customers across Asia Pacific, who have
the need to move heavy weight packages to and from 220 countries
around the world.
Fast Forward facilitates the import and export of
shipments weighing 20kg and above and provides significant savings
with a wide range of innovative and flexible solutions designed to
assist customers in managing their factory-to-customer logistics
"The launch of DHL Fast Forward is backed by
extensive and robust primary and secondary research, which highlighted
customers' priorities and issues, and indicated untapped market
opportunities in the heavy weight packages market. Based on the
findings of the research, we examined the conventional handling of
heavy weight packages which involved multi-parties, multi-currencies
arrangements and mapped out areas where DHL can offer additional
values drawing on our experience. This process has led us to the
development of Fast Forward, a revolutionary one-stop service that
provides customers with greater cost transparencies, savings,
convenience, flexibility, security and speed, thus allowing them to
focus on their core business. No longer does the world have to wait
for heavy goods," said John Mullen, DHL's Chief Executive Officer
for Asia Pacific.
Fast Forward's one-stop and transparent approach is
underscored by an online cost comparison tool available at
www.fastforward.dhl.com. Customers can use the tool to quickly compare
costs of their current shipping method and those of Fast Forward, and
to assess the potential savings and other benefits of using Fast
Another feature of Fast Forward is Trade Automation
Services (TAS), an online platform that leverages DHL's in-depth
experience in customs compliance and advance technology to assist
customers with clearing customs. TAS provides comprehensive trade and
customs information in 50 key countries worldwide, calculates total
landed costs of a shipment (including duty, tax and other customs
related charges), generates import and export documentation, screens
senders and receivers against government lists pertaining to embargoes
and sanctions, and compares an item's export and import clearance
costs and regulations to enable qualified sourcing decisions.
"With Fast Forward, DHL is able to change the
pace at which the world works. Customers' demands for alternatives can
now be met. Given the combined strength of the new DHL and our
experience and expertise in developing new solutions to facilitate
trade and movement, we believe that Fast Forward will set a new
standard for the market" said John Pearson, Commercial Director,
DHL is running an integrated advertising and
promotional campaign. The campaign is starting on 20th October 2003 in
A high power delegation headed by H.E. Dr. Fong
Chan Onn, Minister of Human Resources, Malaysia visited under
construction 27 storeys MCB Tower to inspect the expertise of