CTL PROMOTES PAYMENTS IN PAKISTAN
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.
MCB — BEST BANK IN PAKISTAN EUROMONEY AWARD FOR
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.
STRONG GROWTH IN INTRA-ASIA PACIFIC TRADE TO
BOOST DHL'S BUSINESS
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
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.
PERFORMANCE PAR EXCELLENCE CONTINUES AT
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
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
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 AWARDED ISO 9001:2000
Emirates Airport Services in Dubai has been
awarded the coveted ISO 9001:2000 Quality Management System
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
MOBILINK'S SUBSCRIBER-BASE TO CROSS PTCL'S BY
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
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