July 26 - Aug 01, 2004



National Commodity Exchange Limited (NCEL) launched its mock trading for members as it prepares to go live.
Mock trading will be conducted over the next few weeks as part of overall training of the members and testing of NCEL's trading, risk management and back office systems.
"Today, we have achieved another major milestone towards being fully operational. We are pleased with member's participation and look forward to their continued usage of our system. Member clients will also be encouraged to trade on the system in the last phase of mock trading," stated Assim Jang, Managing Director, NCEL.




Leading global payment solutions provider, Card Tech Limited (CTL), announced recently that it has signed contracts with two major banks in Pakistan.

Under the agreements, United Bank Limited, (UBL), and Union Bank will license CTL's PRIME card and merchant management solution, a market-leading global brand in the payments industry.

CTL's Sales Manager, Malek Mroueh announced the contracts at the company's Pakistan Bankcard Briefing, which it held at the Sheraton Hotel in Karachi. As the first two Pakistan banks to sign contracts with CTL, UBL and Union received awards from Mr. Mroueh at the event, which was also attended by senior representatives of other leading Pakistani banks. In accepting the awards, the banks commended CTL for its vision and commitment in providing state-of-the-art bankcard solutions.


The prestigious Euromoney Magazine has declared Muslim Commercial Bank, "BEST BANK" in Pakistan. MCB has been awarded the Euromoney award for Excellence 4 times in the last 5 years. Mr. Mohammad Aftab Manzoor President & Chief Executive of MCB received the award from Mr. Peter Lee Editor, Euromoney at a grand ceremony held recently at the Natural History Museum, London.


DHL, the world's leading express and logistics company announced recently that in response to growing demand for shipments delivered within Asia Pacific, it has unleashed a marketing campaign that will run in the Asia Pacific aimed at reinforcing the company's leadership position in the region.

The campaign underlines the growing importance of the Asia Pacific region in DHL's global business portfolio. The region is DHL Express' fastest growing market to date, registering strong double-digit growth in the last years. According to the International Monetary Fund (IMF), intra-Asian trade has risen steadily from about 24 Percent of total trade in the early 1980s to 40 percent in recent years.

The catchy tagline No one knows Asia Pacific like we do reflects DHL's long history in the Asia Pacific. DHL was the first international express company to begin operations in the Asia Pacific more than 30 years ago, the company today has leadership positions in most markets across the region.

To tap growth opportunities in the region, DHL has invested heavily in excess of USD 1.13 billion in airport gateways, air hubs, airline operations, security, ground network and infrastructure development across Asia Pacific over the last few years.

Salim Awan, Country Manager, DHL Pakistan said, "The advertisements, which are being featured in July, will be presented in a fun and creative way, each with the ultimate aim of bringing home the message that DHL's knowledge of the local markets and the region is second to none."

Likewise, the television commercial is a light-hearted take at how corporations are left with nothing much on the agenda, because DHL is managing the supply chain for them. The commercial, aptly titled "Not to Do' underscores the message that DHL is a trusted brand that is able to provide comprehensive and seamless end-to-end solutions for the customer.

With annual revenues of nearly 22 billion in 2003, DHL is the global market leader of the international express and logistics industry, specialising in providing innovative and customised solutions from a single source.

DHL offers expertise in express and logistics solutions, combined with worldwide coverage and an in-depth understanding of local markets. DHL's international network links more than 220 countries and territories. Over 160,000 employees are dedicated to providing to providing fast and reliable services that exceed customers' expectations.



DHL is 100% owned by Deutsche Post World Net.


The 86th Meeting of the Board of Directors of Pakistan Kuwait Investment Company (Private) Limited was held recently in Islamabad and was attended by the Directors having equal representation from the Government of Pakistan and Kuwait Investment Authority.

The Directors appreciated the performance of the company during the first half of 2004 and showed their satisfaction over various achievements of the company. The Board appreciated the initiatives and measures adopted by the company to maintain its leading position amongst DFIs through exceptional profitability and growth in asset base and remarkable growth in shareholders equity.

The Managing Director, Mr. Zaigham Mahmood Rizvi apprised the Board of Directors regarding various achievements that were attained through concerted efforts of the management to make Pak-Kuwait as one of the most professional organization of the country. The accounts for the first half of 2004 were considered and approved by the Board of Directors.

The Managing Director briefed the Board that during the first half of 2004, the company's operations and profits are as per budgets. This favorable move was the direct result of improved economic and market conditions of the country. The business activities related to corporate finance started pouring the desired results in the form of new assets being booked as envisaged in the strategic business plan of the company. On an aggregate basis, fresh disbursements were made to new and existing clients which were 143% times greater as compared to the corresponding period of the previous year. Out of the total disbursements, a substantial contribution originated from the newly established Lahore office. Major disbursements were made to industries in textile, steel and engineering, transport & communications and food. The gross portfolio size at the end of the first half reflects a 39% percent improvement over the corresponding period of the previous year. The progress in other areas and activities was also observed to be satisfactory.

In terms of salient diversified initiatives of Pak-Kuwait, the company has undertaken the initiative to launch Islamic insurance in Pakistan by the name of The First Takaful Insurance Company (General) and Family Takaful for life, health, education etc. The company has also undertaken the initiative to acquire a Commercial Bank, establish an Asset Management Company, and set-up an office in Faisalabad.


Emirates Airport Services in Dubai has been awarded the coveted ISO 9001:2000 Quality Management System accreditation.

Certification from ISO, the International Organisation for Standardisation, is official recognition of an organisation's ability to consistently provide quality service that meets customer and regulatory requirements, through the implementation of a Quality Management System.

Emirates Airport Services' decision to seek ISO recognition is part of a long-term commitment to customers and stakeholders enhancing customer satisfaction through effective processes, while ensuring continual improvement on the already high quality and service standards.

Dale Griffith, Senior Vice President Emirates Airport Services said: "We are proud to have achieved ISO 9001:2000 recognition, which is testimony to the high standards of passenger handling that we deliver to our customers."

"This award is a step in our drive to deliver top class service. Our goal is continuous improvement and we are already seeking ways to further enhance our service standards."


Mobilink, the country's largest cellular company and a market leader with 64% market share and growing at a rapid pace has projected to cross the PTCL subscribers base by the end of 2004.

Mr. Zouhair A. Khaliq, President and CEO of Mobilink stated this recently in Karachi while talking to a group of senior journalists. He said the company was making an additional investment of US$275 million in Pakistan to strengthen and consolidate the company's market leadership.

The chief of Mobilink was of the opinion "The cellular industry in Pakistan is well poised to bring benefits and incentives to the customers and therefore, Mobilink is determined and committed to keep its ever-increasing customer profile satisfied by offering superior customer-care services and cost-effective packages in the country.

The company is investing heavily on a complete range of improved and sophisticated services including technology infrastructure; cell sites and state-of-the-art customer care centers in major cities of the country. Mobilink with 2.7 million customers already has the largest network of cell sites with over 1,000 cell sites covering 275 cities throughout the country. By the year-end, more than 350 cities in Pakistan will be connected to the Mobilink system.