The ABBY Awards are awarded for creative excellence
in the field of advertising and are traditionally held to honor Indian
creative talent, annually in the world of advertising. This year, the
event's scope was widened to include campaigns from Pakistan, Nepal,
Sri Lanka and Bangladesh as well.
Commenting on this achievement, Mr. Ahmed Kapadia,
CEO, Synergy Advertising said: "Being honored regionally
represents a huge achievement for Synergy, since a Pakistani agency
has competed in an international forum and has been honored on the
strength of its creative work."
ALLIED BANK LIMITED MEETS
The 59th Annual General Meeting of Allied Bank
Limited (formerly Allied Bank of Pakistan Limited) was held recently
at its Registered office, 8-Kashmir/Egerton Road, Lahore.
Mr. Mohammad Naeem Mukhtar, Chairman presided over
the meeting, which was attended by all Directors of the Bank,
representatives of Institutional shareholders, employee shareholders
and other shareholders.
The Audited Accounts of the Bank for the year ended
31st December 2004 together with Auditors' and Directors' Report
thereon were adopted in the meeting.
According to the Annual Accounts, the deposits of
the Bank increased by 11% from Rs114,218 million to Rs126,392 million
during the year with a major upsurge of more than 22% in low cost
deposits. The performing advances portfolio of the Bank substantially
increased by 67% from Rs32,154 million in 2003 to Rs53,853 million in
The foreign trade handled by the Bank increased by
28% from Rs56,868 million in 2003 to Rs72,765 million in 2004. Net
interest income increased from Rs3,830 million in 2003 to Rs4,407
million in 2004 i.e. an increase of 15%. Profit before tax and
provisions increased from Rs1,824 million in 2003 to Rs2,051 million
in 2004, i.e. an increase of 12%.
WELCOME TO THE NEWLY RENOVATED NCR OFFICE
NCR is operating in Pakistan as a multinational
company since the early 1950s. In terms of corporate standing, NCR is
the only IT multinational in Pakistan to contribute widely to the
field of IT development — be it investing in education programs,
recognizing professionals through IT excellence awards, establishing a
centre of expertise for off-shore projects, or introducing emerging
technologies in the country.
Our recent investment & commitment to Pakistan
include: Newly Renovated NCR office in Karachi; Setting up of new
Global Consulting Centre facility in Islamabad; and Hiring of approx.
100 people in 2005 alone.
Future vision: Launching self-service software
factory in Pakistan for Middle East Africa region; Starting Remote
Support Centre in Pakistan for NCR customer abroad; Continue to expand
and specialize in the self-service & data warehousing arena and
Diversification have commenced from 2005 in the area of Payment
Solution, Systemedia, Retail, Point of Sale and IT infrastructure.
MCB FINANACES NATIONAL FOODS' PROJECT
MCB is providing a Rs200 million Term Finance
Facility to National Foods Limited for shifting its manufacturing
facilities and setting up a state-of-the-art plant at Port Qasim
Mr. Mohammad Aftab Manzoor, President & Chief
Executive, MCB and Mr. Abrar Hasan, Chief Executive, National Foods
Limited signed the agreement on April 01, 2005 at MCB Tower, Karachi.
Mr. Aamer H. Zaidi, Head of Corporate and Investment Banking, MCB and
other team members of both the organizations were also present at the
The Term Finance Facility of Rs200 million arranged
by MCB along with the remaining amount to be generated internally by
National Foods would finance the project that has a total cost of
Rs265 million. The project would result in setting up a plant and
shifting the manufacturing facilities of pickle, dry products, recipes
ZRG WINS CALL CENTER SOLUTION CONTRACT
Serco Gulf, a subsidiary of Serco Group a leading
UK-based facilities management and outsourcing company listed on
London Stock Exchange has selected ZRG to provide an advanced
telephone communication systems known as Call Center Solution. The
next generation call center solution will be used by Serco Gulf to
handle its growing business and to provide high quality personalized
customer services to the customers in the Gulf region.
Serco Gulf evaluated various proposals from the
international market. The evaluation and selection criteria included
factors such as flexibility and integration capabilities of the
solution as well as price-performance ratio, feature richness,
scalability and ruggedness of the systems. Another key criteria of
evaluation was the solution provider's track record of support and
market references. After detailed evaluation, M/s Serco Gulf selected
ZRG's solution for their customer services call center.
Serco selected ZRG solution because of its
excellent market reputation, its open standards based technology,
feature richness, ruggedness and tight integration with existing
environment at Serco Gulf.
Mr. Ayub Butt, CEO ZRG while commenting on the
occasion said, "ZRG is already a preferred call center technology
solution provider within Pakistan and most of the customer service
call centers are using ZRG's open standards based call handling
solutions. We started exporting these advanced solutions to the
international market in 2003 and became the first software exporter of
Call Center Solutions in Pakistan. With this entry into the Gulf
region, we see a tremendous amount of opportunities of getting a
sizable market share."
The open standards technology offered by ZRG
International empowers companies to have state-of-the-art and
cost-effective call center solutions for better customer services.
With this order, ZRG not only earned foreign exchange for the country
but also made a humble contribution towards the software export
efforts of Pakistan.
The received export order is a direct endorsement
of the world class quality and acceptance of telecom solutions from
Pakistan as ZRG International is already turning this initiative into
a strategic penetrative move into the Gulf region for customer service
tools and solutions.
TORCH RELAY CEREMONY-2nd PAKISTAN UNIVERSITIES
Greenwich University chosen to undertake the
organization of this event along with Higher Education Commission
organized a Torch Relay ceremony to exhibit "Unity thru
Sports" for the ultimate journey to Islamabad, where the final
lighting of the 2nd Pakistan Universities Games-2005 will take place
at Jinnah Stadium, Pakistan Sports Complex, Islamabad.
Mr Qamar Mansoor, Provincial Minister of Sports and
Youth Affairs, Sindh, was the chief guest at the ceremony held at
Mazar of Quaid-e-Azam on April 5, 2005.
Prof S. M. Iqbal, Regional Director, Higher
Education Commission, Karachi, Ms Seema Mughal, Vice-Chancellor,
Greenwich University, Sports Directors of various universities and a
number of students and sportsmen participated in the ceremony.