Mar 29 - Apr 04, 2004



Muslim Commercial Bank Ltd and American Express Bank Ltd has signed a Memorandum of Understanding (MoU) to share Point of Sale (POS) network of MNET, a growing Point of Sales Network which will enable the American Express ATM/Debit Card Holders to make purchases.
Mr. Nadeem Karamat, Senior Country Executive of American Express Bank and Mr. Mohammad Aftab Manzoor, President Muslim Commercial Bank signed the MoU at MCB Principal Office, Karachi. Also present at the occasion were Mr. Ali Munir, SEVP MCB, Syed Aqdas Ahmed, Director and Head of Retail Banking AMEX Bank and other senior executives of the two organizations.




The Governor of NWFP, Lt. Gen. (Retd.) Syed Iftikhar Hussain Shah has said that public sector alone could not meet the demand for higher education. Private sector participation, he said has, therefore, become essential and is being encouraged by the government. The Governor said this while addressing a large gathering of educationists, intellectuals, high ranking members of the civil bureaucracy and students present on the occasion of the Foundation Stone Laying Ceremony of Preston University, Kohat-NWFP.

In his inaugural address on the occasion, the Governor said laying the foundation of an institution of the stature and repute of Preston University, on the soil of the city of Kohat, will usher in a new era of progress and prosperity for the residents of Kohat in particular and the Province in general. He said it was indeed an honor and pleasure for him that the foundation stone of Preston University, Kohat was being laid by him. He heartily congratulated the Chancellor of Preston University, Dr. Abdul Basit for fulfilling an important commitment that he had made to the Government of NWFP and the people of Kohat at the time of grant of charter, to build the university's own campus in the City. The sense of urgency and commitment demonstrated by those at the helm in this institution, particularly in terms of acquisition of more than 6 acres of land for the permanent campus of the University, was indeed a landmark achievement and worth of commendation laudable.


Pakistan needs more trade and investment than aid with USA. This was stated by Federal Minister for Commerce, Mr. Humayun Akhtar Khan, in a meeting with a six-member delegation of Pakistan American Business Association (PABA) led by ex-Governor of Virginia, Mr. James Gillmore III.

The delegation apprised the Minister that the purpose of their visit was to make investment proposals in oil, shipping and pharmaceutical sectors in Pakistan. Mr. Gillmore said that Pakistan offered tremendous opportunities for investment in various sectors and US Business Community wanted to avail these opportunities for the benefit of both the countries.



Talking about Pakistan-US relations Mr. Gillmore declared that there was the universal sense in US that Pakistan was a close friend. The delegation told the Minister that on their return to US they would approach those businessmen who never came to Pakistan and convince them to invest in Pakistan. Further more they would project the image of Pakistan as a business-friendly country.


United Registrar of Systems (URS), a UK-based food quality and safety certification organization, in partnership with the leading biscuit company, English Biscuit Manufactures (EBM) is organizing the third national conference on food safety under the banner of "Safe Food 2004" in Lahore. This was announced at a press conference organized by URS & EBM in Karachi.

Prof. Dr. Rashida Ali from HEJ Research Institute, University of Karachi highlighted the acute dearth of awareness in our society with regard to safe food and the importance of adequate nutritional content in diet to ensure effective and healthy growth.

Ali Khan, Country Head URS highlighted the task taken up by URS in creating awareness on safe food through organizing the third Safe Food Conference 2004 in Lahore. He also quoted of a Safe Food Canteen Project that had been launched early this year as a part of the Safe Food campaign. He appreciated the role of EBM in coming forward as a responsible manufacturer and on supporting this initiative.

Saadia Naveed, Director Operations EBM described EBM's role in supporting the Safe Food campaign in one and many ways. "In its commitment to community welfare, EBM carefully researches issues that require attention and then launches programs to address them. The upcoming Safe Food 2004 Conference will mark a new beginning of creating awareness among the Pakistani consumers on food safety." While commenting on EBM's own compliance to food safety standards, she said, "Through its own initiative, EBM has become the first biscuit manufacturing company of Pakistan to achieve ISO 9001-2000 and the HACCP food safety certification."