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
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
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
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
NCR APPOINTS NEW MD FOR PAKISTAN, AFGHANISTAN AND
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
"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
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
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
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
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
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
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
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
STANDARD CHARTERED BANK UNVEILS FLAGSHIP BRANCH AT
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
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
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.