COMMERCE MINISTER MEET WITH BED LINEN EXPORTERS
In the backdrop of Anti Dumping investigation
against Pakistan's Bed Linen in the EU, the Commerce Minister met with
all the stakeholders of Bed Linen in the Ministry of Commerce
recently. The exporters lauded the efforts of the Commerce Minister
over the last year in helping the exporter build up of their case for
defending Pakistani bed linen exporters' interest.
The meeting focused on various options available to
the exporters in view of EU's plans to impose anti-dumping duty as
indicated in EU's communication to the sampled companies. The meeting
focused on the strategy that the exporter will adopt in view of this
development. The exporters expressed their confidence that they will
continue to receive the same level of support from this Ministry and
agreed to maintain the momentum of interaction in the best national
COMMERCE MINISTER MEETS RICE EXPORTERS
Pakistan has expressed concern over the exclusion
of Super Basmati from the Abatement Scheme of EU withdrawing the
exemption of Euro 250 per metric ton which was available on Pakistan
Basmati Rice's exports to European countries.
Minister for Commerce, Mr. Humayun Akhtar Khan
while addressing the members of Rice Exporters informed that
Government will take each and every step to include Pakistani Super
Basmati in the Abatement Scheme of EU. The Government is taking up the
case with European Commission based in Islamabad to present Pakistan's
point of view on the basis of the origin of Pakistani Super Basmati
which has been technically approved a genuine variety of rice.
Pakistan's total export of rice is $555 million out of which $360
million is Basmati. Pakistan exports basmati rice worth $53 million to
EU and out of this quantity 80% is super basmati.
CONCEPT OF BRANDING
The Export Promotion Bureau is encouraging the
concept of branding of Pakistani products with a view to enhance not
only the export volume of Pakistani products but also to legitimize
Pakistan's status as supplier of world class quality goods, achieve
value addition and sustainability of export levels.
Since the concept of branding is relatively new
amongst exporters Pakistan, the EPB would encourage maximum in-depth
interaction of the interested stakeholders in Pakistan with world
leaders in this field.
Management Association of Pakistan (MAP) is
organizing a Seminar on "How Nestle Manages its Business and
Brands — Local and Global". This seminar is scheduled for
Thursday 15th of January 2004 from 10:30 AM to 01:00 PM at Avari
Towers, Karachi. Nestle's strengths as one of the world leaders in not
only branding but also maintenance of brands combined with the
knowledge and experience of Mr. Friedrich G. Mahler, Market Head of
Nestle Milkpak, would make this seminar useful to understand the
various aspects of branding, brand management and maintenance of brand
LEADING FINANCIAL INSTITUTIONS IN ASIA PACIFIC SELECT ORACLE
Oracle Asia Pacific, a division of Oracle
Corporation — the world's largest enterprise software company,
recently announced that it has continued to gain momentum in the
financial services sector in Asia Pacific. Some of the largest
financial services institutions that have successfully adopted Oracle
solutions to run their businesses include Ageon Insurance (Taiwan),
Bangkok Bank (Thailand), Kookmin Bank (Korea), MayBank (Malaysia),
MetroBank (Philippines), OCBC (Singapore), State Bank of India
(India), United Overseas Bank (Singapore) and Westpac Banking
Corporation (Australia). Oracle's growing momentum is indicative of
its understanding of and ability to address industry issues such as
globalization, channel convergence and the need for improved reporting
LACK OF SECURITY IN INDUSTRIAL AREA ISLAMABAD
President Islamabad Chamber of Commerce &
Industry (ICCI) Mr. Zubair Ahmed Malik has denounced the security
arrangement in the Industrial Zone of Islamabad. He said Sihala Flour
Mills cashier was robbed in day light with Rs.9.5 lakh cash at gun
point. This is the fourth case of dacoity in the last few months in
the Industrial area.
SSGC ADVISES SAFETY MEASURES TO CNG STATIONS
Sui Southern Gas Company expresses profound grief
and offers condolences with the families of three persons who expired
as a result of an explosion which took place at Shell CNG Filling
Station in Karachi. In a press statement, issued on Tuesday, December
16, 2003, SSGC spokesman stated that the Company has taken strict
notice of the incident, and is issuing an advisory note to all the CNG
filling stations operating in SSGC's franchised areas in Sindh and
Balochistan to ensure that requisite safety precautions are taken.
SSGC will also hold a workshop to educate its stake holders including
CNG dealers and consumers on safety measures to be adopted in the use
SSGC SURPASES 1 BILLION CUBIC FEET A DAY GAS SALES
SSGC achieved another land mark when it sold 1.011
billion cubic feet gas in a day. In addition SSGC also transmitted
over 213.5 million of gas to the SNGPL system thereby achieving an
overall flow exceeding 1224 MCFD. Due to this magnificent increase in
sales, SSGC spokesman informed that SSGC revenues are expected to
increase beyond Rs. 51 billion in FY 2003-04, as compared to Rs.42
billion in FY 2002-03.
This landmark was achieved due to the expansion in
the system capacity of SSGC from 600 million cubic feet in a day to
1200 mcfd as a result of the completion of Gas Infrastructure
Rehabilitation and Expansion Project (GIREP) which was completed in a
record time of three years from 2000 to 2003 at a low capital cost of
Rs. 3.2 billion.
According to the press release, the Company has
recently embarked on 5-year major expansion project which will
increase it gas handling capacity to 1.8 billion cubic feet per day,
and increase its customer base to over 2 million. SSGC is also
developing, through its joint venture company, Inter State Gas Systems
Limited (ISGSL), import option of gas from neighbouring countries to
fulfill the gas requirements for the next 20/30 years. A US $3.5
billion pipeline project from Turkmenistan or a 2nd option of import
of gas from Iran is in advanced stage of development. Through its
expansion and import projects, SSGC is gearing-up to contribute
significantly in the national development, improvement in industrial
productivity and creation of significant employment opportunities, to
support the growth of national economy.
SSGC is also actively examining setting up of
underground gas storage projects to ensure creation of strategic gas
reserves to provide gas supply security as well as to meet the
seasonal peak gas demands especially in the winter months.
TOYOTA KEEN ON PAKISTAN
Toyota Motor Corporation's Senior Managing Director
Yoshi Inaba visited Pakistan after 20 years recently. This visit is
part of the tour that the Senior Managing Director is undertaking to
visit Toyota companies in various parts of the world.
A graduate of Kyoto University and an MBA from
NorthWestern's Kellogg School, Inaba has an illustrious career in
sales and marketing, unlike most top management executives of Toyota
who have an engineering and manufacturing background. In addition to
his rich experience of the Japanese automobile market, he has also
worked in Germany and in USA where he was President, Toyota Motor
Sales, USA Inc. In 1997, he was named to Toyota's Board of Directors
and then became Senior Managing Director of Toyota Motor Corporation
in June 2003.
"The recent upsurge in the automobile market
is a result of stable policies. In order for the Pakistan market to
grow further, it is necessary that policies are clearly spelt out and
remain consistent in the future", said Inaba during his visit to
Indus Motor Company.
While complementing the Indus Motor Company Team on
their performance, Inaba said, "Our Pakistan joint venture, Indus
Motor Company is an excellent success story, manufacturing world class
cars with high local content and quality standards. Its sales and
production has doubled in the last two years."
Commenting on Pakistan's auto industry, Inaba said,
"The automobile industry in Pakistan is still in its infancy
stage when compared with other countries. But automobile demand in
Pakistan is growing fast, especially in the past few years due to an
improvement in the economic climate, enhanced auto-financing,
consistent government policies and political stability. To sustain
this growth, it is necessary that the Pakistan government ensures that
its investment friendly policies continue so that Pakistan's growing
market potential is tapped by more investment and capacity
Inaba expressed his faith in Pakistan's workforce,
saying, "I see a good future for Pakistan because it has a large
workforce that has the potential of being trained to high skill
levels." He assured continued support of Toyota to provide
training assistance saying, "The auto industry is a core industry
in any country, and with the development of human capital, this
industry can make a significant contribution towards the economic
development of Pakistan."
Speaking on this occasion, Mazhar Valjee, CEO IMC
said, "It is a matter of honor for Pakistan and Indus Motor
Company that Inaba has visited us. This demonstrates the importance
Toyota Motor Corporation attaches to the auto market of Pakistan. We
have had an opportunity to discuss with Inaba our progress and plans
for the future. Toyota and IMC will continue to provide quality
vehicles and quality service to customers in Pakistan through our
joint efforts in the years to come."
HUBCO WINS PRESTIGIOUS INTERNATIONAL AWARD
The Hub Power Company has become a recipient of the
prestigious Company Award 2003, given by The Banker magazine of the
Financial Times group of the U.K. The Company Awards, described as
"a showcase of exceptional companies across the world" were
given to 29 companies in 29 countries, selected from more than 500
invitations to enter sent out to companies in 35 countries.
"Hubco winning one of the esteemed Company
Awards is a matter of pride not only for our Company but for
Pakistan," said Vince Harris, Chief Executive of Hubco. "The
award is a victcry for Pakistan in the highly competitive
international finance and commerce field. It effectively means that
Pakistan has the right business climate that allows companies to
flourish and reach the pinnacle of international recognition," he
The key criteria for the selection of companies for
the Awards were historical financial performance; adoption and impact
of new technology; potential for revenue and profit growth and
governance and corporate social responsibility. The multi disciplinary
selection panel made a qualitative assessment to identify companies
that had an extra "edge" in terms of the listed criteria and
Hubco was selected from Pakistan to stand alongside other winners like
Volkswagen from Germany, Toshiba from Japan and Hutchison Whampoa from
UNITED MOBILE: ONE COMPANY — MANY SOLUTIONS
Director, United Mobile
United Mobile, the only company that maintains the
largest chain of retail outlets at every nook and corner of the
country offering Complete Cellular Solution. Over the last two years,
United Mobile has emerged as the largest cellular company in Pakistan
and has become the part and parcel of the cellular growth in Pakistan.
United Mobile's mission is "To give customers
in Pakistan a first hand experience of the developing cutting edge
mobile phone technology and the business applications."
At the same time company has a clear vision
"To have Preferred Retail Outlets, Providing Complete Range of
Cellular and Allied Products with Focus on Superior Customer
Wireless Communication is getting so advanced and
developed that the people around the world are coming closer n' closer
day by day. The concept of far-flung distances has now become the
myths of the past.
Pakistan is not behind in adopting technologies and
become the part of this global village. In fact it has recognized as
one of the biggest potential country in the area of IT and
communication. Pakistan has made a big stride in mobile industry as
four cellular operators are providing services with special features
and facilities to their customers through their dealer's network.
Mobile industry has seen several phases since its
birth in 1990, from status symbol to the necessity, from mobile to
personal communicator, and from just a communication tool to an
Despite high potential of cellular services in
Pakistan, operators have not yet grasped the major market share due to
various reasons. In a country with population above 145 million,
around 2.6 million people are using mobile phone i.e. penetration
below 2%. This is far too less considering the average penetration
rate around the world. Even though operators got into price war and
therefore consumed their capacity well before time by selling
connections in bulk.
All the operators have their authorized Franchisee
offering Sales, Services, Bill Collection etc. but the fact is that
90% of the operator's total sales coming through its distributors and
distributor's 90% of the sales coming from individual mobile phone
retailers. It is therefore quite evident that various retailers, who
happened to be the biggest but completely unorganized channel, are
generating 80% of the overall sales.
Today customers generally prefer everything to be
available under one roof. Cellular customers prefer to go to the place
where they can get different brands of various items on the spot to
make choice. The concept of shopping under one roof or availing
services through one window have been in vogue in modern culture,
since it saves the customers precious time.
This universally accepted concept was not available
in Pakistan and despite four renowned companies being available to
provide mobile phone services, the customers were unable to evaluate
their preferences due to non-availability of collective data and
information of all the mobile companies, their services etc. At the
same time mobile phones with lots and lots of new features are being
introduced. Due to lack of training, not many people are using some of
the features. Mobile phone retailers are only pushing boxes with
latest mobile handsets without knowing the features.
Realizing the situation, market potential,
operator's limitation and customer's choice, it was felt to establish
a service oriented company to offer "One Window" operation
with complete cellular solution.
In order to bridge the gap between the operators
and the customers, United Mobile has been formed in the private sector
with wide area retail network. Top most priority of United Mobile is
to extend superior customer services and backup support.
United Mobile will be the first company to provide
all the mobiles, all the connections, all the packages and all the
accessories under one banner with growing number of branches spread at
convenient locations across the country.
Market in Pakistan can only expand if wide range of
products and services are readily available from convenient locations.
In short we can say "One Company — Many Solutions"