Sep 06 - 12, 2004



Ever poised for supporting educational development in every form. The Commecs Educational Trust has signed a Memorandum of Understanding with the Pakistan Memon Educational and Welfare Society for the academic management of the Sir Adamjee Institute Iocated at Hussainabad, FB Area, Block-2, Karachi. Both the organization are committed to promote excellence by bringing in a quantum change in the quality of education as a pure public service.
In a graceful and elegant ceremony held at The COMMECS City Office, The Chairman of the Board of Governors PMEWS Mr. Zahid Adamjee and The Vice Chairman of the Commecs Educational Trust signed the Memorandum of understanding for handing over the responsibility of running the academic affairs of



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.


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 represents FNECL.

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 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 international importance.

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) look on.




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.


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 Engineering.

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."


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].




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.