collectively add Rs.1,150 million to the fund
size and the total funds under management will surge to Rs. 1.7
Mr. Ishrat Hussain, Governor State Bank of
Pakistan was the chief guest on the occasion and Mr. Peter Alexander
Smyth, Regional General Manager, ING Asia-Pacific specially flew in
from overseas to attend the launching ceremony, which was attended
by heads of all key institutions from all over Pakistan. The SECP
was represented by Mr. Abdul Rahman Qureshi.
HP UNVEILS NEW CONSUMER DIGITAL EXPERIENCES IN
HP announced its expansion into digital
photography segments with a range of offerings, designed to make a
consumer's digital lifestyle simple and rewarding. The offerings are
aimed at bringing consumers a total, (not just product,) digital
experience with a full range of products and solutions including
digital cameras, photo printers and all-in-ones—scanners,
entertainment-based notebooks and desktop PCs.
"HP is committed to delivering enjoyable
personal experiences for consumers in Asia-Pacific through
innovative offerings, services and partnerships," said Sales
Director for Asia Emerging Countries of the Imaging and Printing
Asia Pacific, Hewlett-Packard, Mohammad Altaf Khan. "Our focus
is to help consumers be more productive and enjoy more of life by
delivering simple and rewarding experiences in digital
NCR CALLS FOR NOMINATIONS FOR SIXTH ANNUAL NCR
NATIONAL IT EXCELLENCE AWARDS
NCR Corporation (NYSE: NCR) announced that it is
accepting nominations for the sixth annual NCR National IT
Excellence Awards. The awards are intended to recognize outstanding
information technology (IT) professionals in ten different
categories from all over the country.
"The awards have developed into a symbol of
prestige and recognition across the country in general and in the IT
industry in particular," said Syed Veqar ul Islam, NCR managing
director for Pakistan, Afghanistan and Bangladesh. "The awards
are in line with many initiatives NCR Corporation has taken to
promote the IT industry of Pakistan."
The NCR National IT Excellence Awards are
considered to be the most prestigious IT awards in Pakistan. These
awards have now become an integral part of the IT industry
recognizing various professionals in the IT field, including
software developers, researchers, electronic and print media
journalists, youth, university students, exporters, educationalists,
pioneers in the disciplines of IT and lifetime achievers.
The period for consideration for nomination for
the awards is from August 2003 to July 2004. All the documents
should be completed and submitted before the designated deadline on
December 24, 2004, for the nominations to be considered by the
judges for evaluation.
The ten categories listed below have been updated
to reflect industry changes to cover the entire spectrum of the IT
arena, enabling the specialized effort in each category to stand out
and be recognized.
1. Software Development
2. Software Export
3. Internet Working (Previously Networking)
4. IT Promotion (Previously IT Pioneer)
5. IT Education (Previously IT Educationalist)
6. IT Research & Development
7. IT Media & Publication
8. IT Youth
9. IT Student
10. Lifetime Achievement Award
SONERL BANK POWERED WITH INTEL® ITANIUM ®2
PROCESSOR BASED SERVERS
Soneri Bank Limited in its ongoing pursuit for
technological supremacy marked a milestone of being the first bank
in Pakistan to install Intel ® Itanium ®2 processor based servers
in its Data Center for the new core banking software applications to
achieve 64 bit processing performance.
The hi-tech leap was made possible by deploying
Itanium 2 processor-based HP Integrity servers RX 4640's (8-way
systems) acquired by the bank through premier Systems, the
distributors for HP.
The transfer took place during a deployment
ceremony held at Soneri Bank's state-of-the-art Data Center in
Karachi, where Mr. Safar Ali Lakhani, President, SBL, Mr. Qamar
Wahab SEVP & CFO, SBL, Mr. M. Haider Devjianie, SVP & Head
IT Division, SBL Mr. Arshad Raza, CEO Premier Systems, Mr. Osman
Maqbool, Strategic Relations Manager of Intel Pakistan Corporation
and Mr. Rizwan Alam, Country Manager HP were all present.
THE ASIAN BANKER EXCELLENCE IN RETAIL FINANCIAL
SERVICES AWARD 2003
Askari Commercial Bank wins the Best Retail Bank
in Pakistan Award for 2003.
Askari Commercial Bank is the "Best Retail
Bank in Pakistan" for delivering strong growth numbers in
retail banking revenue and profits.
FOCUS ON ALTERNATIVE DISTRIBUTION CHANNELS
A regional survey of 7,230 banking customers
across the region finds more than 75 percent of Asia's customers to
favour easy access to services and short processing time (fast
response to customers) over aggressive advertising and promotions in
choosing a bank.
Askari Commercial Bank has won the award of Best
Retail Bank in Pakistan. The bank picked up the award for its strong
retail banking profit growth, comprehensive product offerings, sales
capability and risk management systems in place. The award is part
of The Asian Banker Excellence in Retail Financial Services Award
2003", organized in conjunction with ACNielsen and Wharton
Across the Asia Pacific, 44 bank submitted very
detailed and quality submissions that demonstrated a greater level
of transparency. The Asian Banker employed a comprehensive scorecard
to quantify the banks according to several criteria. Retail banks
that lacked transparency were penalized under this new methodology.