Dec 27, 2004 - Jan 02, 2005

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ABN AMRO BANK SELECTS TERADATA® WAREHOUSE AND ANALYTICAL CRM

Teradata, a division of NCR Corporation (NYSE: NCR), announced that ABN AMRO Bank in Pakistan has selected the Teradata® Warehouse and Teradata analytical customer relationship management solutions to assist in enhancing its customer service and marketing initiatives.
Executive Vice President & Chief Executive Officer, ABN AMRO Bank, India & Head New Growth Markets South Asia & UAE, Mr. Romesh Sobti was also present at the occasion.
"ABN AMRO is at a stage where we are anticipating remarkable growth, and we are fine-tuning our process to provide us the flexibility to grow. This strategic decision will help us immensely," said

 

 

Naved A. Khan, country representative at ABN AMRO Pakistan. ABN AMRO Bank has placed its key focus on its customers 24/7 across every distribution channel. "We will be where our customers are," said Salman Butt, executive director and Country Consumer Bank Heat at ABN AMRO Bank.

"The Teradata technology will enable the bank to be more competitive by helping to create unified service standards, improving customer service, increasing profit and promoting our products to enhance customer convenience, " said Syed Veqar ul Islam, managing director, NCR Pakistan, Bangladesh and Afghanistan.

WORLD'S MOST RESPECTED COMPANIES

The seventh annual global survey of corporate reputation, conducted jointly by the renowned firm of Pircewaterhouse Coopers and the Financial Times gives the 2004 ranking of the world's most respected companies. The research draws on the views of nearly one thousand CEOs across 25 countries and a selected cross section of fund managers, NGOs and media commentators. The aim is to show which companies are truly setting the pace in building reputational capital.

According to the ranking, the top five most respected companies in

the world are General Electric, Microsoft, Toyota, IBM and Coca-Cola. It is to be noted that Coca-Coca is the only food and beverage company in the top five. In additional rankings by industry sector, Coca-Cola is ranked as number on most respected company in the food and beverages sector.

Commenting on the ranking and Coca-Cola's position as the fifth most respected company in the world, the Public Affairs & Communications Manager of Coca-Cola in Pakistan, Rizwan U. Khan said: "It is easy for any company to declare itself as the best. But it in only when independent and highly credible outside sources rank you amongst the best that the public can have confidence in you." He further added: "The Pricewaterhouse Coopers/FT ranking re-confirms Coca-Cola's commitment to excellence in corporate governance and corporate social responsibility."

FAYSAL BANK, PAKISTAN SELECTS SYMBOLS

Faysal Bank Ltd, Pakistan, a leading and dynamic fast growing commercial bank in Pakistan and System Access, Singapore, a leading global universal banking solutions provider are pleased to announce the signing of agreement selecting SYMBOLS as Core Banking Solution for FBL.

Faysal Bank will be implementing the full suite of the latest version of SYMBOLS across its branch network and head office. SYMBOLS Core Banking Solution will serve as the core transaction processing engine to support Deposits, Lending, Trade Services, Payments, Treasury, and Investments business verticals of the bank. Faysal Bank will be insuring the delivery of innovative products and services, through multiple delivery channels, through the cutting edge technology of SYMBOLS' eApplications Framework. With the deployment of the extended banking enterprise support of SYMBOLS, Faysal Bank is well positioned to take on the challenges of universal banking. SYMBOLS will also be providing a unique Cash Management portal for Faysal Bank's corporate customers, enabling them to maximize their revenues through the effective placements of their assets. With the implementation of SYMBOLS, Faysal Bank aims to raise the level of its customer services and shorten its time to market new and innovative product offerings to its key customer segments.

To effectively provide support for universal banking products and services, SYMBOLS application architecture is centered on a customer relationship management foundation that facilitates customer knowledge, interaction, relationship development and better management of risk at the customer level. The customer-centric nature of SYMBOLS allows banks to enjoy a complete 360-degree view of its customers' interaction profile across the business. This Service-oriented Architecture, focuses not on specific product niches, but on the processes revolving around financial products. These processes are then reused across the enterprise to support various products and service processing requirements. It is this design approach that has enabled SYMBOLS to be deplored in a myriad of banking environments globally without without regard for the product labels of wholesale vs. retail, conventional vs. Islamic, local bank vs. regional powerhouse bank, etc.

FIRST PUBLIC LIMITED TELEVISION CHANNEL MAKES IMPRESSIVE DEBUT

Following the latest boom in our media industry, several talented individuals and teams have come forward and taken our television by storm. Now HUM TV is ready to take over our television industry and raise the standard higher than ever in terms of quality and programming. HUM TV will be the country's first public limited TV channel underwritten by Jahangir Siddiqui Capital Markets and is also the first channel to start operations from a host of others that have been issued broadcast licences recently. The channel is governed by an esteemed Board of Governors including Sultana Siddiqui, Mehtab Rashdi, Javed Jabbar and Jahangir Siddiqui.

At an impressive launch ceremony, Duraid Qureshi, CEO of HUM TV said that this channel is the first brand of Eye Television Network Limited and will concentrate on entertainment programmes only. "HUM TV is the next step to quality entertainment for all. Here we promise our viewers to produce and telecast programmes on international standards for all age groups. The concept behind HUM TV is not only to cater to the entertainment needs of the audience but also take a big step towards the education and infotainment needs of the niche audience comprising of females. Besides the dramatizations, comedy, music and magazine show, the channel takes its responsibility as a corporate citizen very seriously, and that is why due care has been given to the programming content," he said.

 

 

SUPPORT FOR PAKISTAN OPERATIONS WILL NOT BE LESS THAN 100% - ROMESH SOBTI.

Romesh Sobti, Executive Vice-President and CEO, ABN AMRO Bank, India and Head, New Growth Makerts South Asia & UAE reaffirmed ABN AMRO's commitment to Pakistan and said: "I am delighted to see the immense growth in the banking sector as a whole, but we are particularly excited about the consumer business in Pakistan which is expanding at a very fast pace. The demands of the market dictate that we continuously raise our bar on Service, and launch products that are in syne with customer needs and expectations."

Romesh Sobti also said that "Pakistan is a very important market for ABN in this region, and we expect phenomenal growth, the support to Pakistan's will not be less than 100%." Sobti also spoke about ABN AMRO's corporate social responsibility and the fact that ABN very actively supports Arts and Sports globally besides associating with some charitable causes. In Pakistan, ABN AMRO's lead sponsorship of domestic cricket is a step in promoting healthy competition to nurture and discover talent at the grassroots level."

SPAIN TO SUPPORT PAKISTAN FOR EU'S NEW GSP SCHEME

Commerce Minister, Mr. Humayun Akhtar Khan had a meeting with Mr. Alfredo Bonet Baiget, Secretary General, Ministry of Industry, Trade and Tourism of Spain at Madrid. The discussion focused on Pakistan's relations with Spain in bilateral context and also in the European Union.

The Commerce Minister highlighted and stressed on the robust trade relations Pakistan had with Spain and requested support of Spain in all matters concerning in the EU context. During the meeting, the Commerce Minister of Pakistan underlined the need for continued duty free access for the Pakistani goods under the New Generalized System of Preferences (GSP) Plus Scheme of the European Union. Taking note of the role played by Pakistan in combating terrorism and its special development needs, Mr. Baiget assured the Commerce Minister of special consideration by the Government of Spain for market access for Pakistani goods in member states of the European Union.

PROGRESSSOFT PRESENTS ITS ELECTRONIC CHECK CLEARING SOLUTION TO TOP BANKS IN USA

ProgressSoft Corporation, a leader in the development of Imaging Solutions worldwide, introduces its Image-Based Electronic Check Clearing Solution PS-ECC as a live demo to top banks in USA; Federal Reserve, Clearing House of New York CHIPS, Bank of America, Bank of New York, JP Morgan Chase, HSBC, Citibank.

In addition, a pilot project for the electronic check clearing solution will be held to SWIFT New York, and to four major banks in Birmingham, Alabama.

This project is to allow banks the opportunity of getting introduced to the image-based solution which represents a stride towards an enhanced banking of cost effective electronic check payments.

Recently, ProgressSoft has become a technology partner to the renowned American Hewlett Packard "HP". According to Michael Wakileh, Business Development Manager of ProgressSoft, "We believe that this new partnership brings to the world leading technological solutions. Together with HP, we believe that PS-ECC will be poised to winning the robust European & American market."

CORPORATE GOVERNANCE

A delegation of the institute of Cost and Management Accountants of Pakistan (ICMAP) attended an International Conference in Colombo, Sir Lanka on "Corporate Governance — Challenges in Implementation" in December 2004. This conference was jointly organized by South Asia Federation of Accountants and Institute of Chartered Accountants of Sri Lanka. This delegation was led by Sher Afgan Malik, President ICMAP and included Mohammad Rafi, Badruddin Fakhri, M. Ashraf Bawany, Prof. Dr. Khawaja Amjad Saeed, Izhar Ahmed Ather and Muhammad Hayat Jasra of SECP. International Speakers included Ann Simpson former head of Global Corporate Governance of the World Bank. Various technical followed the conference and these deliberations will go a long way in the formulation of policies and practices in the SAARC countries.