Oct 18 - 24, 2004



Pakistan's first and only specialized health insurer Allianz EFU has entered into an agreement to provide comprehensive hospitalization coverage to Faysal Bank's employees and their family members.
The signing to this effect took place between Mr. Ahmed Kamran of Faysal Bank & Mr. Taher Sachak representing Allianz EFU.
Speaking at the occasion, Mr. Ahmed Kamran said, "The management of the bank has always committed to providing our staff with the best of facilities of which health coverage has always been a priority. We are pleased to be associated with a quality health insurance company, which promises to fulfill our requirement efficiently and on time".


Mr. Taher Sachak while commenting on the agreement said. "We are delighted to have Faysal Bank as one of our valued client and we are committed to providing the bank with the best possible health coverage."

Allianz EFU is Pakistan's first and only specialized health insurance company. It is the only company that offers health insurance solutions to individuals, families, companies and volunteer groups. Allianz EFU Health Insurance is a joint venture between Allianz Group and EFU Group. Founded in 1890 in Germany. Allianz AG has 60 million clients in over 70 countries, with a broad range of services via an international network of subsidiaries.


Prime Commercial Bank has selected ZRG Call center solution for their customer support and telebanking services. Prime Commercial Bank is experiencing growth in terms of additional customers and launching of new products. Prime Bank wanted to setup a flexible call center that could grow in the future in terms of capacity and functionality. After considerable evaluation of various bids, Prime Commercial Bank selected ZRG solution for their customer support call center. The cited reason for the selection includes reliability and flexibility of the solution, open standards based technology, locally available resources for customization and excellent track record of ZRG International for banking call centers in Pakistan.

With this latest order, out of 14 banking call centers, there are now 10 prestigious banks using ZRG's integrated call center solution. ZRG call center solution is also being used at 3 out of 4 operational cellular companies in Pakistan for the last 4 years with great level of satisfaction on terms of performance, reliability, latest standards based CTI technology and top notch post-sale support.


The key to successful, long-term poverty alleviation is to transform the less fortunate into productive members of society. This can only be done through empowerment of remote dwellers with little or no hope. HRDN and Mobilink aim to fulfill their social and moral obligation to the people of Pakistan.

This was stated by Zouhair A. Khaliq, President and CEO Pakistan Mobile Communications Limited (Mobilink GSM) at the second Human Resource Development (HRD) Congress organized by HRDN in Islamabad recently. Mobilink was the principal sponsor of the congress entitled 'Attacking Poverty Thru Public Private Partnerships', which was attended by several delegates, professional and representatives of several public and private sector organizations.


Mr. Khaliq stresses that infrastructure development across Pakistan apart from making good business sense, made excellent moral sense, and provided Mobilink an opportunity to repay the Pakistani user and society while fortifying international investor confidence and boosting economic development at the same time.

Mobilink in its pursuance of human & human resource development provides hands-on training using high-tech equipment to its thousands of employees across Pakistan in addition to various workshops, training & orientation sessions to sessions to bolster their professional skills and expertise.


Sui Southern Gas Company (SSGC) and Faysal Bank Limited (FBL) entered into an agreement on October 05, 2004 at the SSGC Head Office regarding Gas Bill Collections. Mr. M. Inam us Samad, Dy. Managing Director signed the agreement on behalf of SSGC and Mr. Ajaz Rahim, Deputy General Manager Investment Banking FBL. The senior management of the SSGC, Cash Management and Investment Banking teams of Faysal Bank were also present at the occasion.

The agreement covers payment of Sui Gas Bills through normal gas bill payments at the 15 branches of Faysal Bank Limited at Karachi, Hyderabad and Quetta. The other modes of payments are Drop Boxes in FBL designated branches and in office premises of FBL's Corporate Customers, ATM and Debit Cards. The joint customers of SSGC and FBL Debit Cards and ATM will have the convenience to get the bills paid under the schemes.


Federal Minister for Commerce, Mr. Humayun Akhtar Khan said in Washington that Pakistan was capable of facing fair competition, as its products are highly competitive and of high standard. He was speaking on the topic of Leveraging Opportunities for Entrepreneurship in Pakistan, at the day-long conference organized by the Organization of Pakistani Entrepreneurs of North America (OPEN), at a local hotel in McLean, Virginia. In his address, he dwelt at length on different aspects of Pakistan's economy, trade and investment opportunities, reforms package, the meetings held by the high-powered delegation that he is heading during its current week-long visit, as well as the achievements made.

Forcefully pleading the case for Pakistan's improved access to the US market, he said, high tariff rates were charged on Pakistani exports to US which matter requires attention and remedy. "It is a wide open field," he said, advising the upcoming Pakistani-American entrepreneurs to take full advantage of opportunities available back home, by investing in their fields of choice, which ranged from export-import to setting up of Medicare centres, educational and IT centres, manpower training institutes, and so on and so forth, as the sky is the limit. In fact, he said, many of the pioneers of the efforts aimed at giving back to the society of their origin are sitting in today's galaxy of business and trade personalities. The Commerce Minister said the security situation is improving, and we all must do "our bit" in making Pakistan economically forward, and ensuring it progresses and prospers. "Problems are there, but the things are looking bright-people are feeling good."