KALSOFT, NOW IN ISLAMABAD
KalSoftTM (Pvt) Ltd — a leading software house of
Pakistan has now opened a branch office in Software Technology Park II
(Sector F-5/1), Islamabad too. KalSoft (Pvt) Limited is catering to
international and domestic market both in Government and
non-government sector and thus to capture the market in the northern
regions and to give personalize services to its clients in the
Islamabad and nearby regions, the board of KalSoft had taken this
strategic decision some time back and which has now been implemented.
KalSoft (Pvt) Limited is a software development
house with 100% focus on software. It enjoys a distinctive position in
the IT market due to the high quality of work and a large and ever
growing list of satisfied clients. KalSoft (Pvt) Limited, one of the
very top software company of Pakistan, is ISO 9001:2000 certified and
CMM level 3 compliant, which basically speaks volumes about the
quality of its work and maturity of the processes. KalSoft (Pvt)
Limited has already chalked out a road map for achieving CMM level 5.
KALSOFT SIGNS MOU WITH INDIAN FIRM
KalSoft (Pvt) Ltd signed a Memorandum of
Understanding (MoU) with Indus Software based in Pune, India for
software development and marketing. The agreement was signed by Mr.
Tarun Mathur, Chief Marketing Officer of Indus Software and Mr. Abdul
Ghaffar Memon, Chief Executive of KalSoft (Pvt) Ltd.
With the signing of this landmark MoU, KalSoft (Pvt)
Ltd becomes the first software house in Pakistan to ink an agreement
with a technology vendor neighbouring India.
HUBCO AND SINDH POLICE JOIN HANDS
The Hub Power Company in a unique collaboration
with the Sindh Police recently organized a day-long free medical camp
for the residents of Hub and surrounding areas, generating the huge
response from the local people who otherwise have little or no access
to medical care.
Mr. Vince Harris, Chief Executive, HUBCO and Jam
Kamal Khan, District Nazim, Lasbella inaugurated the free medical camp
at Civil Hospital Hub.
SSGC SIGNS MOU WITH ASKARI BANK
A memorandum of understanding (MoU) was signed
recently between Sui Southern Gas Company and Askari Commercial Bank
Ltd for acceptance of gas bills through Askari ATMs and Internet. This
service will be available to customers of ACBL as well as SSGC
customers who do not maintain an account with ACBL. The MoU was inked
by Mr. Munawar Baseer Ahmad, Managing Director Sui Southern Gas
Company and Mr. Kalim-ur-Rehman, President & Chief Executive
Askari Commercial Bank Ltd.
On the occasion, Mr. Munawar Baseer Ahmad said that
this initiative was in line with the company's strategy to bring
economical and technology enabled convenience of gas bill payment to
our customer's door steps. He added that this will also give our
customers freedom of choice and options for easy payment of their gas
12TH ANNUAL GENERAL MEETING OF SONERI BANK LIMITED
The Twelfth Annual General Meeting of the
shareholders of Soneri Bank Limited was held at a local hotel on March
29, 2004. The Chairman of the Board Mr. Badruddin Feerasta while
presenting the Annual Report informed the shareholders that the
banking sector remained flushed with surplus liquidity which resulted
in a steep decline in return on deployed funds. Inspite of intense
competition the results depict satisfactory performance with 36%
increase in deposits, 13% growth in foreign trade and pre-tax profit
being 31% more than the last year's figure.
The bank opened 5 new branches in the year 2003 and
response from all the locations is encouraging. Presently 44 branches
are fully operational. Branch expansion programme is continuing and a
number of new branches will be added in the year, 2004.
Pakistan Credit Rating Agency (Private) Limited (PACRA)
maintained the previous rating of 'A1+' for the short terms and 'AA-'
for the long term. These ratings represent very high credit quality
and very low expectation of credit risk emanating from very strong
capacity for timely payment of financial commitments.