May 09 - 15, 2005

 

 

LARGEST FOOD BRAND HIRES LARGEST ADVERTISING AGENCY

Orient McCann Erickson will be handling the advertising for Haleeb Foods Limited from now on. Orient McCann Erickson is the largest advertising agency of Pakistan and Haleeb Foods Limited is the largest food brand. This new partnership is a strategic alliance and is meant to stir the market in a brand new way.
Haleeb Foods Limited has chosen Orient McCann Erickson for its creative strategic and media expertise in the field, which the advertising agency has acquired over its 50 years of successful running. The new alliance of these giants is set on producing some great ad campaigns in the coming future and making a new mark in the country's advertising.

 

 

As part of their enterprising Social Action Programme, Hubco recently donated a large quantity of medicines to hospitals and dispensaries of Gadani and its surrounding areas. Sardar Muhammad Yusuf Khan and Ms. Lesley Ann Middlecoat handed over the medicines to representatives of the local dispensaries. Abdul Hameed Baloch, Union Council Nazim Gadani and Ghulam Mohammad Gadoor were also present on the occasion.

STATE LIFE SECURED RS478 MILLION AS FIRST YEAR PREMIUM

The State Life Insurance Corporation of Pakistan has successfully secured Rs478 million as First Year Premium (New Business) by providing financial protection to more than 47,615 new policyholders and their families nationwide thus showing an increase of 24% during the first quarter of 2005, this was stated by Kamal Afsar, Chairman State Life while talking to the media persons at the closing session of three days State Life 2nd Regional Chiefs/Zonal Heads Conference 2005 held at Rawalpindi.

Executive Directors State Life, Mohammad Javed Khan, Rahat-ul-Ain, Abid Javed Akbar and Zahid Murad were present on the occasion.

Kamal Afsar informed that State Life's Renewal Premium stood at Rs1.30 billion in first quarter 2005 as compared to Rs1 billion during the same period in 2004.

PAKISTANI BUSINESSMAN HONORED

A renowned businessman and President, Pak-Thai Friendship Association, Arif Suleman, has been honored with the 5th Friends of Thailand 2004 award under International individual category. The Tourism Authority of Thailand (TAT) has initiated Friend of Thailand award 2004 in order to honor those international friends who participated in developing Thailand's tourism industry and motivate their cooperation to promote Thailand widely.

Suleman's name was recommended by Royal Thai Consulate General, Karachi as one of the candidate in the category of International Individual to be further considered by the TAT.

The award ceremony was held at the Grand Hyatt Erawan, Bangkok, on September 27, 2004. It is also interesting to note that this is for the first time that a candidate has been chosen from a developing country such as Pakistan, as traditionally this award has been conferred to people from countries like the UK, the USA, Japan, Australia, Netherlands etc. Thus it is indeed and honor that Suleman has brought for the country. The award was handed to Arif Suleman by H.E. Sontaya Kunplome, Minister of Tourism and Sports of Thailand.

IGATEX PAKISTAN 2005

The exhibitors at 4th International Garment & Leather Machinery & Accessories Exhibition, IGATEX Pakistan 2005-Garment, have confirmed booking of large-scale orders worth millions of rupees during the third day of the show.

The exhibition is an exclusive showcase of latest garment and leather manufacturing machinery and technology in which more than 130 exhibitors from 23 countries have participated. The exhibits mainly include machinery for embroidery, sewing & knitting, finishing, ironing, packaging, label, zipper & socks manufacturing, CAD/CAM equipment and dye/chemical enzymes for finishing processes.

It is important to note that most of the machinery and technology, showcased at IGATEX, is being displayed for the first time in Pakistan. IGATEX also holds the honor of being the global launching pad for world-renowned brands of textile & garment machinery manufacturers.

NCR APPOINTS NEW MD FOR PAKISTAN, AFGHANISTAN AND BANGLADESH

NCR Corporation, last month announced the appointment of Syed Badar ul Islam as the new NCR Solutions managing director for Pakistan, Afghanistan and Bangladesh. Syed Bader ul Islam is a twenty-five year veteran of the information technology (IT) services industry who is well-known for his focus on service quality and customer satisfaction. For the past five years, Bader served as managing director for NCR's Sub-Sahara Territory, which, under his management, realized significant business growth and exceptional service performance.

 

 

"NCR views Pakistan, Afghanistan and Bangladesh as attractive markets for our broad spectrum of IT products, software and services," said Stelios Fragkos, NCR Solutions area vice president for the Middle East/Afric region. "Bader's appointment underscores our continued commitment to expanding market share for NCR's Retail Store Automation, Financial Self Service, Payments and Imaging, Teradata Data Warehousing, Systemedia and Customer Services solution portfolios. I am confident that Bader's customer-focused approach and experience in emerging markets will enhance NCR's ability to effectively serve our valued clients and take advantage of the opportunities presented in these fast-growing business environments."

ICI INVESTS IN SODA ASH BUSINESS

ICI Pakistan is pleased to announce an investment of Rs915 million in its Soda Ash Business at Khewra. The investment is being made to expand the plant capacity by 50,000 tonnes per annum and will result in improved operating efficiencies and higher productivity. This investment of ICI in Pakistan is in line with its continued commitment towards the development of import substitution industries to cater to local demand.

2004 marked the 60th Anniversary of ICI Pakistan's Soda Ash Plant at Khewra. ICI Pakistan has been investing in the expansion of its Soda Ash manufacturing facilities consistently to ensure that the demand for this essential raw material is adequately met. Through a number of expansions during the years the name plate capacity has been increased to 225,000 tonnes per annum. The most recent modernisation and expansion in 2002 encompass installation of DCS Control System, 5.2 MW co-generation installation and de-bottlenecking of various units, at a total cost of Rs525 million.

ISO-9002 certified, the Business diversified its product range in 1995 with the commissioning of a 10,000 tonnes Refined Sodium Bicarbonate (RSB) plant. The original name plate capacity of 10 ktpa was consolidated and exceeded during the subsequent years. Being the market leader and in order to sustain its position in the market, the business undertook to enhance production of RSB by increasing its name-plate capacity to 20 ktpa through debottlenecking/expansion project completed in 2004.

In 2004, the Soda Ash Business' sales and margins improved and customer demand was strong. Aggregate sales volumes for the business at 255,363 tonnes were a new record, surpassing the 2001 record, when the business sold 240,570 tonnes.

ICI Pakistan's Soda Ash plant is currently meeting about 75% of the country's requirement for Soda Ash by using locally made equipment and raw material, and providing savings to the nation's foreign exchange reserves. Major raw materials used are salt, supplied by Pakistan Mineral Development Corporation from the Khewra mines and limestone from ICI Pakistan's own quarries in Tober as well as sourced locally through contractors. Besides these, coke, also an essential raw material, is supplied by the Pakistan Steel Mills, Karachi.

The Soda Ash market in Pakistan is continuing to grow and ICI's experience in the Soda Ash Business in these 60 years is an asset to the company in the face of changing markets and emergent competition. The Company uses this competitive advantage along with continued improvement in efficiencies, control over fixed costs, improved productivity and above all a sustained market share and strong customer loyalty to continue to be the market leader in the Soda Ash industry in Pakistan. ICI Pakistan's Soda Ash plant expansion and modernisation at Khewra has placed the Business in a position of strength to face these challenges. It symbolises ICI's commitment to growth and success and demonstrates its continued focus towards improving the quality of service to its customers and the community.

ICI Pakistan's Soda Ash business is committed to remain the preferred supplier for its customers and strives to improve and maintain its competitive advantage through the relentless pursuit of manufacturing excellence and by delivering quality products through a world-class plant.

EXHIBIT OF FOOD BY PEGASUS

More than 130 companies from 11 countries are participating in the second co-located exhibit of food, Equipment & Technology together with Plastic, Printing & Packaging Industry.

The 4-day exhibition will start from May 10 at the Karachi Expo Centre and is being organized by the leading exhibitions organizing company in Pakistan Pegasus Consultancy in collaboration with its foreign partners CEMS-Singapore & Chan Chao-Hong Kong.

China dominates international presence with the participation of 56 companies, followed by India with 12 companies. Other countries represented at the exhibition include Austria, Germany, Iran, Italy, Malaysia, Saudi Arabia, Netherlands and UAE. Moreover, more than 40 Pakistani companies will also participate in this combined exhibition, representing one of the fast growing industrial sectors of the country.

According to the organizers, the show is expected to draw the attention of more than 20,000 key decision-makers and trade visitors from across the region.

DHL PAKISTAN BROADENS IMPORT EXPRESS SERVICE

DHL, the world's leading express and logistics company, announced recently that it has extended the availability of its popular Import Express service to 218 countries and territories around the world.

Import Express is a fast and reliable service that allows DHL's customers to import goods from overseas suppliers. Since its launch in Pakistan in 2002, demand for the service has steadily increased, driven largely by increased trade flows and customers' need for greater control over the cost, speed and reliability of their imports. In 2004 alone, DHL in Asia saw a 30% year-on-year growth for Import Express, which reflects the success of the service and highlights a significant increase in customer demand.

Companies within the high technology, textile, and import and export industries form the majority of DHL Pakistan's Import Express customers, and items imported include samples, return warranty parts, and discounted goods or components from suppliers.

"With Import Express, customers who pay for some of their freight costs within a non-integrated transport chain can now enjoy the simplicity and control of one point of contact, one fixed price, and one invoice for all their import requirements," said Salim Awan, Managing Director, DHL Pakistan.

"Import Express underscores DHL's commitment to simplifying and improving supply chain efficiencies for our customers. As the leader in destination billed express delivery, we are confident that DHL's extensive international network aligned to the Import Express product offering will continue to offer strong competitive advantages for our customers," added Awan.

DHL Pakistan also announced the launch of a new marketing campaign for Import Express in Pakistan.

The campaign aims to communicate DHL Pakistan's commitment to making importing simple for its customers, by eliminating hassle and providing convenience, whilst enabling customers to have better cost control. This objective is reflected in a concise yet straightforward tagline We Make Importing Simple that will be integrated seamlessly in the print and radio advertisements, direct mailers and a website www.importexpress.dhl.com.

IBA SUKKUR AN INSTITUTION WITH DISTINCTION

IBA Sukkur is a prestigious institution in interior Sindh, which is basically dedicated towards open merit and excellence in Education. IBA Sukkur was established in 1994 in two hired rooms of Public School, Sukkur. In a period of 9 years, IBA Sukkur has taken strides and grown into a center of excellence, with a beautiful building and enviable academic standards.

It is an accepted fact, that our country particularly the province of Sindh is facing acute problem of unemployment. The economists as well as the educationist point out to various factors and reasons for unemployment. But, we have a different argument. In our view, there is no problem of unemployment. The problem is that our institutions are not producing "Employable Graduates". The market requires graduates who should be highly competitive. In interior of Sindh, this problem has acquired alarming dimensions and its offshoots have appeared in shape of ethnic conflict and urban-rural divide. So, it is essential that there should be centers of excellence in interior Sindh which have a very open and transparent policy of merit and high quality. IBA Sukkur by the grace of Allah has produced 9 batches. All of them are employed at very good positions, in good organizations including multinationals and drawing handsome salary packages. This reflects the market recognition of the standards of IBA Sukkur. Our objective is to produce very competitive and employable graduates, keeping in view the market needs.

In today's modern and fast world, quality of education is the core factor that spells out success and distinction among the academic institutions. Keeping this tradition alive, IBA Sukkur fulfils its promise of quality, merit and excellence. IBA does not believe in conventional teaching methods as it has adopted latest teaching styles and market-oriented curriculum. In this context, IBA Sukkur's library contains the precious treasure of books related to specified fields of Business Administration and IT. IBA Sukkur has beautiful campus on airport road Sukkur. The campus covers 20 acres of land with academic bloc with 22 class rooms, other offices, four state-of-the-art computer labs with more than 120 PCs, boys and girls hostel, faculty hostel, and auditorium with the capacity of 650 audiences. At present there are two faculties in IBA Sukkur. The Faculty of Business Administration offering BBA (Morning), MBA, and MBA (Executive) evening. The Faculty of Information Technology (IT) offering BCS (Morning) MBA (MIS) evening. About 400 individuals from different organization have received computer training in Facility program. IBA Library rich in 8000 text books and 8 regular research journals/magazines/newspapers is opened from 9:00 am to 9:00 pm for students and faculty. HEC also offered the facility of Digital Library to IBA Sukkur.

It is a prestigious institution in interior of Sindh which is fully dedicated to "merit, quality and excellence" of about 40% of students are girls. Ten batches have graduated from IBA Sukkur and by the grace of Almighty Allah, all of them are employed; not only employed, but they are occupying good positions with handsome salary packages in reputed organizations including multinationals. This is the market recognition of the academic standards being maintained by IBA Sukkur.

The students in IBA Sukkur mainly come from rural areas and their parents are very poor. Hence, IBA Sukkur has very subsidized fee structure. IBA Sukkur on one hand for maintaining standards; utilizes very good faculty who are paid as per market rates, on the other hand IBA Sukkur charges subsidized fees from students.

The institution strives to provide financial assistance to as many students as possible on the basis of both need and merit. Free ships and merit scholarships are awarded to 10% of total students. IBA Sukkur is among the seven institutes selected by Higher Education for HEC-USAID need base scholarships. In this program 50 students of IBA Sukkur will be awarded scholarships. IBA Sukkur students receive 25 scholarships from Endowment Fund of Sindh Education Department. Three scholarships are awarded by Prince Hassan Ali Khan, Director, Continental Biscuit Factory Sukkur/Member BOG IBA Sukkur. Three scholarships are awarded by Khalid Mehmood Khan, President Chamber of Commerce Sukkur/Member BOG IBA Sukkur. Two scholarships are awarded by Shafqat Ali Memon in the name of Late Aisha Abdul Fattah Memon and Abdul Fattah Memon.

SOHAIL WAJAHAT ELECTED MAP PRESIDENT

Sohail Wajahat H. Siddiqui, Managing Director and Chief Executive Officer of Siemens Pakistan Engineering Company Ltd has been elected unopposed as President of Management Association of Pakistan.

He was elected to this position at the 39th Annual General Meeting of the Association held on 29th April, 2005. Previously he had been elected to the positions of Vice President and Honorary Secretary.

Siddiqui has a long and distinguished career, which includes positions such as Member, Board of Pakistan Steel and has significantly contributed in formulating policies that helped in turnaround. He was also part of the committee to formulate Engineering Vision 2010 and was head of the task force for investment in Sindh.

He has recently been elected as President of OICCI and is currently on the Board of Governors at LUMS as well as Chairman of Technical Education Coordination Committee Sindh; Member of the Board of Pakistan German Business Forum; Vice President, Pakistan India CEO Business Forum, Director KASB Bank, Director Rousch Power Limited; Trustee, Board of KPT and holds other positions as public and private committees and institutions.

Siddiqui is MS in Electronics from the University of London and winner of a number of academic scholarships in Pakistan reflecting his excellence in this field.

Other office bearers who were also elected at the AGM includes M/s Iftikhar H. Shirazi, Group Director Finance & Investments, Atlas Group of Companies (Vice President), Asif Qadir, President, Engro Asahi Polymer & Chemicals (Pvt) Ltd (Honorary Secretary), Waqar A. Malik, Chief Executive, Pakistan PTA Limited (Honorary Treasurer) and Shafiq A. Siddiqi, Member of the-Executive Committee.

Later, M/s. Javed Iqbal, Chief Executive, THK Associates (Pvt) Ltd; A. Husain A. Basrai, Deputy Senior Partner Taxes, Taseer Hadi Khalid & Company, Peter I. Harvey, Director Finance & IT, Unilever Pakistan and Roland Decorvet, Managing Director, Nestle Milkpak Ltd, were co-opted as members of the Executive Committee.

ANNOUNCEMENT

Software export order from Dubai, UAE

Serco Gulf, subsidiary of Serco Group, a leading UK-based facilities management and outsourcing company, listed on London Stock Exchange with a turnover of US$ 2.738 billion in the year 2003 has selected ZRG to provide a Call Center Solution. Serco helps national and local governments around the world to improve services of their activities and the 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. After detailed evaluation, Serco Gulf selected ZRG call center solution for their customer services.

ZRG solution was selected because of its excellent market reputation, open standards based technology, feature richness, ruggedness and tight integration with existing environment at Serco Gulf.

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."

STANDARD CHARTERED BANK UNVEILS FLAGSHIP BRANCH AT GULBERG, LAHORE

As part of Standard Chartered's commitment to providing world class, state-of-the-art products, services and premises, the Bank unveiled its flagship branch in Lahore, an upgraded Gulberg branch on April 29, 2005. It is a state-of-the-art branch reinforcing Standard Chartered Bank's commitment to its customers.

Addressing the customers at the unveiling ceremony, Badar Kazmi, Chief Executive, Standard Chartered Pakistan stated, "We are the only international bank with a network of twenty-nine branches spread across all four provinces of Pakistan and, our vision for growth does not stop here. We have aggressive plans in place to further expand our consumer banking business including our distribution network and exploring new areas such as Internet banking and the SME business. Our commitment to Pakistan is absolute and we wish to take a lead role in participating in the development of the banking sector here."

Speaking at the occasion, Raheel Ahmed, Head of Consumer Banking stated, "At Standard Chartered, our brand promise is to be the right partner of all our stakeholders. As such, we endeavour to provide our customers with the best quality service that they have come to expect of us. This applies as much to our products and services as it does to the banking environment we provide our customers. The branch is the physical manifestation of our brand. Our branches bring the brand to life, enhance customer experiences, build positive impressions and help deliver on customer expectations. ''

Standard Chartered's upgraded Gulberg branch provides the customers a complete range of banking products and services and includes value-added facilities such as a drive through ATM (a first for the bank in Pakistan) and lockers.

In addition to regular products, the branch now offers Wealth Management through its Priority Banking Center. In recognition of customers' status, Standard Chartered's Priority Banking is especially designed to help fulfil the wealth management needs of a lifetime be it personal or business matters, by offering exceptional financial solutions by offering the highest level of personalized banking to meet customers' unique financial requirements.

The premises also houses a dedicated Islamic Banking branch. Standard Chartered Bank became the first international bank to offer Islamic Banking in Pakistan in July last year. Standard Chartered currently offers Islamic current accounts, Islamic auto financing as well as Islamic mortgages.

STANDARD CHARTERED IN PAKISTAN

In Pakistan, Standard Chartered has a network comprising twenty-nine branches and thirty-nine automated teller machines (ATMs) of which four are situated at offsite locations. A leader in credit cards and personal loans, Standard Chartered is also the leading provider of cash management, trade finance, and Global Markets products and services in Pakistan.

STANDARD CHARTERED LEADING THE WAY IN ASIA, AFRICA AND THE MIDDLE EAST

Following the acquisition of Korea First Bank, Standard Chartered now employs 38,000 people in 950 locations in more than 50 countries in the Asia Pacific Region, South Asia, the Middle East, Africa, the United Kingdom and the Americas. Standard Chartered is one of the world's most international banks, with employees representing 80 nationalities.

Standard Chartered PLC is listed on both the London Stock Exchange and the Stock Exchange of Hong Kong and is in the top 25 FTSE-100 companies, by market capitalisation.

It serves both Consumer and Wholesale Banking customers. Consumer Banking provides credit cards, personal loans, mortgages, deposit taking and wealth management services to individuals and small to medium sized enterprises. Wholesale Banking provides corporate and institutional clients with services in trade finance, cash management, lending, securities services, foreign exchange, debt capital markets and corporate finance.

Standard Chartered is well-established in growth markets and aims to be the right partner for its customers. The Bank combines deep local knowledge with global capability.

The Bank is trusted across its network for its standard of governance and its commitment to making a difference in the communities in which it operates.

A GRASS ROOT BRANDING REVOLUTION TAKES OFF IN PAKISTAN

MDS, the management development business unit of TCS, the leading logistics solutions provider of Pakistan, and ABC Namebank International of Toronto, an internationally recognized consultancy on corporate image, name identity and cyber branding, have agreed to undertake a series of lectures and management development programs in Pakistan.

The initiative has been taken on national basis, designed to assist local corporations poised for regional expansion in developing a finer understanding on how to apply the latest branding tools and capture global respectability of their corporate image and brand name identification in the foreign markets.

Announcing this initiative, Naseem Javed, the CEO of ABC Namebank said, "This country is exploding with bright ideas, innovations and entrepreneurial spirits. If only captured properly and professionally for global marketing, it will change the image of the entire landscape."

 

 

"We have sought the best expertise from the world and take pride in being able to offer this rare opportunity to the local business establishments of Pakistan, empowering them to be able to compete with international brands through refined and improved branding," said Hamza Hashmi of TCS-MDS.