July 19 - 25, 2004

 

SECP CHAIR JOINS LEAD PAKISTAN BOARD

Dr Tariq Hassan, Chairman, Securities and Exchange Commission of Pakistan [SECP] has joined LEAD Pakistan's Board of Governors.
Leadership for Environment And Development [LEAD] Pakistan-a premier national training and capacity building institution has been working to foster the CSR agenda in Pakistan for a better sustainable development. Its CSR vision aims to establish a link between poverty and strengthening the Small and Medium Enterprises [SME]-the backbone of Pakistan's economy. Dr Hassan's induction into LEAD Pakistan's Board will be a great help in establishing the above link.

 

 

Dr Hassan is the 27th member of LEAD's Board that has been served by some renowned figures such as Omar Asghar Khan (late), Dr Shoaib Sultan Khan, Dr Parvez Hassan, Dr Akmal Hussain, Mr Altaf M Saleem, and Syed Ayub Qutub.

The Government of Pakistan [GOP] appointed Dr Hassan as SECP's Chairman in August 2003. He has gained extensive experience of corporate and capital market reforms during his 28 years career spanning private corporate law practice and development law work in international financial institutions and with the GOP. He has worked in Pakistan, USA, Italy and UK in both private and public sector as an advocate, consultant, adviser and educationist.

APTMA

APTMA appreciated the performance of Police Help Line which has shown a quick and timely action to one of the APTMA members in a case of theft in DHA. The Chairman Aptma, in his message to Mr. Tariq Jameel, C.C.P.O., Karachi, has paid gratitude, in particular, to the Police Officers/Staff of Defence Police Station, who have been very cooperative and vigilant by arresting the culprits red-handed.

He added that the industrialists should be accommodated likewise so that they may divert their best efforts for improving economic conditions in the country and this could only happen if they be provided full peace of mind and security. APTMA looked forward to even better security arrangements in DHA and other localities to be ensured by the Sindh Police.

APTMA APPRECIATES RELEASE OF SECURITY/MARGIN

Mr. M. Waqar Monnoo, Chairman Aptma, has lauded the instructions issued to commercial banks by the State Bank of Pakistan vide BPD Circular No.23, dated July 06, 2004 advising them to release security/margin held against the bank guarantees even when these guarantees stand expired/ineffective. He thanked the SBP senior authorities, in particular, Mr. Mansoor-ur-Rehman, Executive Director, Banking Policy Department and Mr.Kamran Shehzad, Director, BPD for providing relief to the aggrieved borrowers on the representation made by APTMA members.

Mr. Monnoo hoped that the lending banks would implement soon the provision of the new circular and start releasing the securities of their customers held without assessing their effectiveness. He requested the banks to promote industrialization in the country by adopting the same zeal and visionary approach as the honorable Governor, SBP, Dr. Ishrat Hussain, has been focusing ever since he resumed charge of the Central Bank.

 

 

PRESTON STUDENT WINS 'PARLIAMENTARY INTERNSHIP'

Fawad Zia, a student of MS-IT at the Peshawar Campus of Preston University has been selected for a two month internship (beginning July 1, ending August 31,2004) with the National Assembly __ the lower house of Pakistan's Legislature. The internship has been organized by the Pakistan Institute of Legislative Development and Transparency (PILDAT), Lahore under its Parliamentary Internship Program (PIP) 2004.

Nominations from all public and private universities of Pakistan were solicited by PILDAT for PIP 2004. Fifty two chartered and recognized (public and private) degree awarding Institutes and Universities from across the country consented to participate in the internship program, and offered the services of their students for the purpose.

Out of hundreds of nominations filed by the above 52 respective public and private sector institutions of higher learning, learning , Prestonian Fawad Zia was selected as one of the interns for PIP, after a very tough scrutiny and competition. The Chancellor and president Preston University, Dr. Abdul Basit congratulated Fawad on the achievement of this important milestone for himself and for his institution. He also profoundly eulogized. He also profoundly and democratic Institutions in Pakistan.

ASKARI COMMERCIAL BANK LIMITED AWARDS CALL CENTER PROJECT TO TERADATA

Teradata, a division of NCR Corporation (NYSE: NCR), announced that it has signed an agreement with Askari Commercial Bank Limited (CABLE) to provide a data warehouse solution that includes hardware, software and consulting services. The new Teradata technology will enable CABLE to grow beyond its traditional business line of commercial banking and serve a new market segment - consumer banking customers.

One of ACBL's first initiatives is to leverage the power of the Teradata data warehouse to develop a telephone call center to respond to the banking needs of individual customers. To support this initiative, the bank's customer and business data will be consolidated into a centralized Teradata data warehouse capable of performing a sophisticated analysis of large volumes of data without affecting performance. The resulting business intelligence will provide a new understanding of customers' banking habits and financial needs, enabling the bank to improve customer service and provide more competitive financial products.

"Askari Bank made a commitment to better understand its customers and seek new ways to offer superior service, "said Kalim ur Rahman, president, ACBL. "One way to offer better service is to provide customers the convenience of 24-hours-a-day, week telephone banking service. Teradata will provide the bank with the necessary tools to meet its commitment to serve its valued customers."