Sep 20 - 26, 2004

 

LG ELECTRONICS LEADS IN NANO TECHNOLOGY IMPLEMENTATION

Global and regional digital leader LG Electronics has successfully applied innovative nano technology to a wide range of home appliances, assuring customers of healthier households.
LG has adopted the technology to provide breakthrough benefits such as antibacterial and deodorization features in air conditioners, refrigerators, vacuum cleaners and washing machines. These environment-friendly appliances also increase efficiency and productivity. In a washing machine, integrated with nano technology, nano sized silver particles provide antibacterial action and sterilizes clothes and water during the laundry processes. Bacteria are eliminated as it comes into direct contact with the silver particles on the surface of the washing tub.

 

 

The antibacterial properties of the silver nano particles has enabled LG secure approvals for quality and safety from accredited international bodies like the US Food and Drug Administration, US Environmental Protection Agency, Japan's SIAA and Korea's Testing and Research Institute for Chemical Industry, among others.

SHELL PAKISTAN FORMALLY LAUNCHES "SHELL CARD"

Shell, one of the most prestigious brands in the world and one of the largest oil marketing company of the country, in an initiative taken to provide its valued customers a secure alternative to cash & chit system, formally launches "Shell Card".

A ceremony in this regard was held recenty to introduce Shell card. The event was attended by a large number of people including the representatives of renowned local & multinational companies, dignitaries and the media stakeholders. Mr. Farooq Rahmatullah, Country Chairman & Managing Director Shell and Mr. Ismail Zaiviji, General Manager Retail Sales & Operations were also present on the occasion.

Shell card enables customers to refuel their vehicles round-the-clock from selected Shell stations throughout the country. It is expected that Shell card due to its unique features will get a warm response amongst the customers and will prove to be one of the most advanced and superior cards in fueling business.

ENVIRONMENT MANAGEMENT

A seminar on Environment Management was held at Preston University, Islamabad campus last week. Maj. (Retd) Tahir Iqbal, Federal Minister for Environment, was the Chief Guest. Mr. Sohail Altaf, Vice President and Chairman Federation of Chambers, Commerce and Industries, Islamabad and Prof. Dr. Muhammad Irfan Khan, Head of the Department of Environment, Allama Iqbal University were the main speakers.

Speaking on the occasion, the Chief Guest Maj. (Retd) Tahir Iqbal, Federal Minister for Environment, unfolded the policies and plans of the Federal Government regarding environment. He said that the Government of Pakistan realizing the importance of the issue initially established a small section on environment which was later upgraded into a full fledged division, he aded by a Secretary and Minister. He further said that with the finalization of National Conservation Strategy, Pakistan has joined a small group of nations who are seriously concerned about environment degradation and are making sustained efforts to address it. He maintained Pakistan is not lagging behind the world in dealing with this important issue. He informed the participants that the first environmental legislation was brought about in Pakistan in 1983, whereas USA, one of the most developed countries of the world, introduced the Environment Protection Agency in the year 1976.

Dr. Abdul Basit, Chancellor, Preston University welcomed the guests and informed that Preston University has arranged a series of seminars, to address current issues of national and international importance, to promote academic activities. Dr. Basit praised the efforts of the government to address environmental issues. He was of the view that in the present scenario, it may not be possible for the government to have its policies implemented without involving the real stakeholders the Private Universities and Private and Public Sector entrepreneurs. Dr. Basit proposed that government should prepare policies and plan, in which private sector universities and industry is extensively associated. Dr. Basit offered Preston University's services to implement research and other study programmes in environment, for the Government of Pakistan and donor agencies.

 

 

P & G

The Procter & Gamble Company (P&G) has been selected as the "Non-cyclical Goods & Services" industry sector leader in the global Dow Jones Sustainability Index (DJSI) listings for the fifth year in a row.

The Dow Jones Sustainability Indexes (DJSI), launched in 1999, are the first global indexes tracking the financial performance of the leading sustainability-driven companies worldwide. Only the top 10% of the 2,500 largest companies are selected as components of the DJSI world based on their sustainability performance. P&G has been a component of the index since its conception and the industry leader for the Non-cyclical Goods & Services market sector since 2000.

"P&G integrates sustainability as a promising business concept and ranks as the sustainability leader in its industry," said DJSI.

PAKISTAN TO HOLD CONSULTATIONS WITH EC ON NEW GSP SCHEME

Pakistan will hold consultations with the European Commission (EC) regarding their New Generalized System of Preferences (GSP) scheme. For this purpose, Commerce Secretary, Mr. Tasneem Noorani has left for Brussels to hold parley with Mr., Pascal Lamy, EC's Trade Commissioner and other high officials of the European Commission on GSP scheme, anti-dumping and early release of textile quota. The discussions will continue from 13 to 15 September, 2004.

The European Commission (EC) is in the process of launching a new GSP scheme from 1st January 2006, which will be valid till 2015. The amount of custom duties levied on Pakistan's export to EU under its GSP scheme will directly affect Pakistan's export competitiveness. The EC Trade Commissioner, Mr. Pascal Lamy has offered to consult with Pakistan before finalizing the new GSP Scheme.

The EC has also initiated review of anti-dumping duty on the export of bed linen from Pakistan. The secretary will hold discussions with European Commission for a positive finding.

Another urgent issue to be discussed with the EC relates to early release of additional quota to the extent of 4000 MT. Any delay by EU on this account will hamper Pakistan's clothing exports to the EU. Mr. Noorani will advocate the case of Pakistani exporters for the early release of this quota.

CONFERENCE ON HOUSING INDUSTRY & FINANCING

Federal Minister for Housing and Works Syed Safwanullah said all the provinces have been asked to identify 100 acres land for low cost housing projects to accommodate majority shelterless population.

Speaking at one-day national conference on "Housing Industry & Financing" organised by Publicity Channel in collaboration with National Bank of Pakistan, he told laws relating to housing and land are being amended to remove bottlenecks in launching low cost housing units in the country.

Executive Vice President National Bank of Pakistan Amir Siddiqui, Managing Director House Building Finance Corporation (HBFC) B. H. Qureshi, Managing Director Bank of Khyber, Dr. Munir Ahmed, Former Vice Chancellor Karachi University Abdul Wahab, Chief Controller of KBCA Brig. A.S. Nasir, Chief Executive Publicity Channel Mr. Naeem Qureshi and Mr. Sirajuddin also spoke on the occassion.

Safwanullah said government is trying to introduce concept of large scale system of built offering housing units to people after their completion instead of taking advance from them first and initiating construction at later stage.

SINDH CHIEF MINISTER WILL INAUGURATE SSGC'S NEW GAS PIPELINE PROJECT

The Sindh Chief Minister Dr. Arbab Ghulam Rahim will be the Chief Guest on the ground breaking ceremony for construction of SSGC's 24 inch dia 116 kilometers long "Hyderabad-Karachi Gas Pipeline" which is being held on Wednesday, 15th September, 2004. The Chief Minister will inaugurate the construction work of the project by welding the first joint near Pakland Cement at National Highway, about 56 km from Karachi.

The said pipeline is the first phase of the 24 inch, 296 km, Rs. 7.50 billion, Karachi Nawabshah pipeline, which is a part of SSGC's Rs.37 billion "Gas Infrastructure Rehabilitation & Expansion Project" (GIREP-II), being implemented in phases from 2004 to 2008. The GIREP-II aims to provide the requisite infrastructure capability and reliability for effective utilization of additioal indigenous gas expected to be available from the prospective gas discoveries in the blocs of Sawan Tando Allah Yar, Khipro, Mirpurkhas, Badin and Sinjhoro gas fields. The project aims to increase SSGC's system capacity by 50% from 1,200 mmcfd at present, to 1,800 mmcfd by the year 2008.

The Karachi-Hyderabad pipeline section would enable SSGC to expand its transmission capacity 100 million cubic feet per day, which is planned to bring gas from Naimat Basal Gas and Kausar gas fields of M/s Orient Petroleum Inc, Sawan gas field of M/s OMV of Austria and Singhoro & Tando Allah Yar gas fields of M/s OGDC, by taking it into SSGC's Left Bank Pipeline System. This segment of pipeline would incur a cost of Rs. 2.30 billion which will be arranged from company's own resources and local financing.

The entire pipeline route passes through the most difficult rocky and hilly terrain of about 45 kms and 71 kms compacted soil mixed with gravel & boulders, involving 115 turning points, over 500 vertical bends, about 28 major nala crossings and 4 roads. The project is planned to be completed by June 2005.

The pipeline has been conceived, designed, engineered, and being constructed on latest specifications by SSGC's own technical staff.