the Sir Adamjee Institute to Commecs in order to
produce competent future leaders of society with high levels of
ethical and moral standards.
Both organizations i.e. PMEWS and COMMECS are run
a "NOT-FOR-PROFIT" basis and each has to its credit the
management of well known educational institutions, PMEWS has been
associated with the famous ADAMJEE College before its
nationalization and COMMECS is responsible for the management and
successful functioning of the Commecs Institute of Business and
Emerging Sciences for the Iast 11 years with outstanding results in
competitive exams of the Board of Intermediate exams as well as in
its BBA Programme affiliated with the IBA.
FONG'S ACQUIRES SCHOLL-THE-ATC
Associated Textile Consultants (ATC), announced
the acquisition of Scholl-Then by Fong's National Engineering
Company Limited (FNECL), a Hong Kong based group. ATC in Pakistan
Through the acquisition the Fong's Group will be
able to further complement its product range in the field of dyeing
& finishing machines and will also acquire a well-established
brand name in addition to it's own brand "FONG'S".
PRESTON HOLDS SEMINAR ON NANOTECHNOLOGY
Preston University organized a seminar on "Nanotechnology-Revolution
of the 21st Century," at its campus located in Islamabad. Dr.
Ishfaq Ahmed, NI, HI, SI; former Chairman of Pakistan Atomic Energy
Commission (PAEC), and Special Advisor to the Prime Minister of
Pakistan was the Chief Guest on the occasion.
Speaking on the occasion, Dr. Ishfaq Ahmed,
Special Adviser to the Prime Minister profoundly lauded the
endeavors of Preston Univerity towards promoting higher education in
the country. He particularly appreciated the untiring efforts and
contribution of Dr. Abdul Basit, Chancellor Preston University,
towards the attainment of this very important goal. He eulogized
preston's role in contributing towards national development by
organizing seminars and workshoops on burning issues of national and
M.O.U. for the academic management of SIR ADAMJEE
INSTITUTE in F.B. Area by COMMECS EDUCATION TRUST being signed by Mr
Omar H. Karim (COMMECS) and Mr Zahid Adamjee while Mr M. Arif Dossal
(Executive Director-Commecs), and Cdr. Najeeb Anjum (Principal-SAI)
APTMA CHAIRMAN LAUDS DECISION OF ECC ON DUTY
DRAWBACKS OF POLYESTER
Mr. M. Waqar Monnoo, Chairman Aptma, appreciated
the decision of the Economic Coordination Committee (ECC) for
agreeing in principal to effect upward revision of duty drawback
rates of Polyester Staple Fiber (PSF) based textile goods on deemed
import prices of PSF. Mr. Monnoo has greatly lauded the favourable
recommendations made by Mr. Humayun Akhtar Khan, Minister for
Commerce and Mr. Tasneem Noorani, Secretary Commerce. He on behalf
of Aptma Members assured the Government that the textile
entrepreneurs, who were under immense pressure due to abnormal cut
in duty drawbacks of PSF based products, are now confident to
achieve/surpass the export target of Rs.13.7 billion as projected
for the year 2004-2005.
The Chairman, Aptma apprised that he alongwith a
team of senior industrialists including M/s. Shafquat Ellahi Shaikh,
Mian Muhammad Jehangir, Anjum M. Saleem, Arif Saeed, Mian Jehangir
Monnoo, Javed Siddiqui, and Khurshid Monnoo held a meeting with the
Honourable Minister Commerce on August 05, 2004. He added that Mr.
Humayun paid due attention to this critical issue and his favourable
consideration has enabled the leading exporters to come out of the
crises and uncertainty which started by the time, the rates of duty
drawback slashed drastically.
KAPCO LAUDED FOR ITS ACHIEVEMENT IN POWER SECTOR
Kot Addu Power Company Limited (KAPCO) has become
the first company in the power generation industry of Pakistan to be
awarded three accreditations simultaneously with the Integrated
Management System (IMS).
For its achievement in areas of quality,
environment and safety, KAPCO has been awarded certificates of ISO
9001:2000 - Quality Management, ISO 14001-1996 - Environment and
OHSAS 18001:1999 - Occupational Health and Safety by SGS and UKAS.
The certificates were presented by the Federal Secretary for
Privatization, Saleem Gul Shaikh to the senior management officials
of KAPCO, which included Malcolm Clampin, CEO; Mohtashim Aftab,
General Manager Finance; and Khalid Pervaiz Bajwa, General Manager
While expressing his pleasure at the milestone
set by KAPCO, Saleem Gul Shaikh said, "The commitment of the
management and workers of KAPCO towards quality and creating a safe,
healthy and environment-friendly working atmosphere is a model of
excellence for other independent power producers of the private
sector to emulate."
Also present at the occasion was Syed Farrukh
Mazhar, Managing Director SGS, who congratulated the management and
staff members of KAPCO for their achievement. "The management
of KAPCO had taken investment opportunities identified during audit
procedures positively and an action plan had been drafted on its
basis. It has been through the company's proactive approach that
this unique achievement has been possible."
SHELL CHAIRMAN ELECTED AS CHAIRMAN LEAD
The Chairman and Managing Director of Shell
Pakistan Ltd. Farooq Rahmatullah has been elected as the Chairman of
LEAD Pakistan's Board of Governors in the recent Board Meeting. He
has succeeded Altaf M. Saleem, the former Federal Minister for
privatization, says a press release.
Mr Rahmatullah joined LEAD Pakistan as Member,
Board of Governors in September 2003.
He has rich experience in business and industry
that spans on more than three decades. His election as Chairman of
LEAD Pakistan's Board would strengthen the partnership between the
corporate sector and the non-profit organizations [NPO].
EPB'S VISIT AT ASAP SHOW
The Vice Chairman of the Export Promotion Bureau,
Mr. Abid Javed Akbar visited the ASAP Show, held in the Las Vegas
Hilton on the 30th of August, 2004. Pakistan was declared the Focus
Country in this year's event and the Vice-Chairman visited the
Pakistan Pavilion, which consists of 17 parties and met all the
exhibitors. They briefed the Vice Chairman on the positive and
encouraging responses that they have received since the first day of
the show, a fact that was also acknowledged by the participants of
India and Bangladesh, who also had their respective pavilions on the
other sides of the Pakistan Pavilion.