July 25 - 31, 2005

 

STRATEGIC PARTNERS ASKARI MASTERCARD & AVARI HOTELS

Askari Commercial Bank Limited has renewed its agreement with Avari Hotels under which Avari Hotels network would continue offering amazing discounts to Askari MasterCard holders in Pakistan and abroad. The agreement was signed between Mr. Arif Sirhindi, Senior Vice President, Head of Credit Card Division, Askari Commercial Bank Limited and Mr. Dinshaw B. Avari, Director, Avari Group, at a ceremony held on July 11 at Avari Hotel, Karachi. Also present on the occasion were Mr. Waheed Zaman, Vice President, Askari MasterCard and Mr. Shaheryar Safdar, Marketing Manager, Askari MasterCard.
Under the agreement, Askari MasterCard holders would be offered up to 60% discount on room rack rates at Avari Hotels in Pakistan and Dubai. The card

 

 

holders would also be entitled to 15% discount on availing services at health clubs, business centers and on utilization of laundry as well as rent a car services at any Avari Hotel network. In addition, there would be a 10% discount at all Avari Hotel restaurants.

Askari MasterCard has seen an increase in market share as its customer base reaches 160,000. It has emerged as an aggressive player in the market by regularly launching joint promotions and discount deals with various organizations for the benefit of card members, hence offering value added services to enhance their ilfestyles. The agreement with Avari Hotels is another milestone in this direction. Avari Hotels cater to the exclusive business class and people with refined taste, whose sophisticated hospitality needs are taken care of with luxurious accommodation, personalized service, rich cuisine and a wide choice of beverages.

Askari MasterCard also offers a wide range of benefits such as a competitive reward points, free entry in CIP and Rawal lounges at Islamabad and Karachi airports with facilities like free refreshments, internet services, discounts at numerous restaurants in Pakistan and abroad, travel help desk and many other value added services.

Askari Commercial Bank is determined to provide maximum facilities and benefits to its valued customers, said Mr. Arif Sirhindi, SVP, Head of Credit Card Division, Askari Commercial Bank Limited. He further said, "It's great to see a phenomenal rise in the number of Askari MasterCard card holders. It clearly shows the popularity of the card depicting customer satisfaction and confidence in our service. We are looking for value addition for our customers and seek to provide full benefits of co-branding and joint promotional campaigns. We have captured a significant market share and intend to increase it further."

Askari MasterCard recently launched the exclusive "Askari MasterCard Platinum" and is the first bank in Pakistan to launch that prestigious card. It is targeted towards a very exclusive and selective segment including top business personnel with strong credibility/high net worth, CEOs, Managing Directors and senior management of banks, multinationals and top local companies. It offers special international discounts on a variety of services such as renowned hotels, exclusive stores including the world famous and prestigious Harrods as well as travel discounts on vacation packages, yachting, cruising, sports and leisure facilities. It offers access to 300 VIP airport lounges around the world.

ASKARI MASTERCARD SIGN MOU FOR JOINT STRATEGIC ALLIANCE

An impressive ceremony was held in Islamabad on 13th July to mark the signing of MoU for Joint Strategic Alliance between Askari MasterCard and Paktel. Mr. Kalim-ur-Rahman, President, Askari Commercial Bank Limited and Mr. Xavier Rocoplan, Chief Executive Officer, Paktel, signed the MoU. Present on the occasion were Mr. Waheed Zaman, Vice President, Askari MasterCard, Mr. Shaheryar Safdar, Marketing Manager, Askari MasterCard, Mr. Mohammad Intesar, Director Sales, Paktel, Mr. Akbar Khan, National Marketing Manager, Paktel and Mr. Talib Hafesjee, National Business Development Manager, Paktel.

Under the alliance, customers of both organizations will be entitled to attractive discounts, free mobile connection and waiver in joining and annual fee, etc. Paktel will be offering free postpaid connections to Askari MasterCard customers, 30% discounts on line rent and discounts on monthly billing through Askari MasterCard. Askari MasterCard will also offer free Credit Card to valued Paktel customers and free access to CIP lounge at Karachi Airport and Rawal Lounge at Islamabad Airport to all Paktel customers holding Askari MasterCard.

The bank is a major player in consumer banking and has introduced numerous diversified products. One such product is Askari MasterCard. In a short span of time Askari MasterCard has achieved a base of 160,000-plus card members, with Regional Card Centers working in Karachi, Lahore, Rawalpindi, Islamabad, Peshawar and Multan. It has plans to open new Credit Card centers in Faisalabad and Quetta. Askari MasterCard requires no joining fee and has low service charges. It offers the most competitive reward points at Rs.40/- per point.

Askari Commercial Bank is the only Pakistani bank to launch the Platinum MasterCard in Pakistan. Askari Platinum Card is the first credit card in the country to offer international discounts at renowned hotels and at various stores, including the world famous Harrods of London, travel discounts on vacations packages, yachting and cruising, sports and leisure facilities.

Askari MasterCard offers a variety of features and services to its valued customers, such as free access and various other complimentary services at Rawal Lounge (Islamabad Airport) and CIP Lounge (Karachi Airport), offers local and international discounts at merchants outlets, discount at restaurants, travel package and much more.

Paktel is the first cellular mobile service operator in Pakistan. Currently it has a subscriber base of around 900,000. Paktel has entered the digital mobile network market with the launch of GSM services and formed strategic alliances with mobile giants Samsung and Nokia. The company currently has coverage in more than 200 cities and towns across Pakistan.

AMERICAN EXPRESS BANK'S PROFIT RATES

The Following profit rates have been offered by our bank on different categories of PLS Deposits maintained with us during January 2005.

TYPE OF DEPOSIT
SAVINGS-PLS

RATE%

Upto 49,999

0.30

50,000 to 99,999

0.45

100,000 to 199,999

0.75

200,000 to 299,999

1.00

300,000 to 499,999

1.20

500,000 & above

1.75

We are also submitting the rate of returns offered by our bank for other PLS Deposits maintained with us during January to June 2005.

1 Month

(upto) 7.5

3 Months

(upto) 7.25

6 Months

(upto) 7.5

1 Year

(upto) 8.0

Saving - Rupee Plus

(upto) 3.25

'CONNECTIT PAKISTAN' EXHIBITION IN DEC

Karachi city will be the host for the country's "premier telecom & IT show", which will attract the attention of over 100 top industrial giants from across the world.

This was stated at a Press Conference, which was addressed by Mr. Mustafa Kamal, Provincial Minister for Information Technology and Mr. Aasim A. Siddiqui, Chairman & Managing Director of the organising company Pegasus Consultancy.

The exhibition, termed as "ConnectIT" is scheduled from 8-10 December this year at the Karachi Expo Centre.

Mr. Mustafa Kamal highlighted the government's policies towards promoting IT culture in the country and appreciated the role of private sector organisations in augmenting the government's efforts.

 

 

Mr. Aasim A. Siddiqui, in his presentation, outlined the salient features of ConnectIT exhibition and explained how this show is different from the other similar events in the country. "The exponential growth of the Information Communications Technology (ICT) industry in Pakistan, with a rising number of domestic and international firms has necessitated the need for a platform for annual interaction between professionals from the IT & Telecom industry," he said.

ALBARAKA ISLAMIC BANK B.S.C. (E.C.)

Final profit rates for the period 1st January to 30th June 2005

CATEGORY OF DEPOSITS

RATE OF RETURN (% PER ANUM)

 

from 1 Jan 05 to 31 Mar 05

from 1 April 05 to 30 June 05

Saving Accounts

1.74%

2.11%

Incentive Accounts

2.44%

2.96%

Khazana Accounts

   

Rs. 250,000 to Rs. 4,999,999

3.00%

3.64%

Rs. 5,000,000 to Rs. 9,999,999

3.11%

3.77%

Rs. 10,000,000 to Rs. 24,999,999

3.26%

3.95%

Rs. 25,000,000 to Rs. 49,999,999

3.37%

4.09%

Rs. 50,000,000 to Rs. 99,999,999

3.81%

4.62%

Rs. 100,000,000 to Rs. 499,999,999

4.18%

5.07%

Rs. 500,000,000 AND above

5.55%

6.73%

TERM DEPOSITS

7 Days Notice

0.59%

0.72%

1 Month

2.33%

2.83%

3 Months

3.59%

4.35%

6 Months

3.70%

4.49%

1 Year

3.81%

4.62%

2 Years

4.29%

5.21%

3 Years

5.22%

6.33%

5 Years

5.77%

7.00%

AMI DEPOSITS

3 Months

4.00%

4.59%

6 Months

4.10%

4.65%

1 Year

4.20%

4.75%

2 Years

4.30%

5.10%

3 Years (Monthly Payment)

4.65%

5.75%

5 Years

5.00%

7.ooo/e

FOREIGN CURRENCY ACCOUNTS

Saving Accounts - US$

0.50%

0.50%

Saving Accounts - GBP

0.50%

0.50%

Saving Accounts - Euro

0.50%

0.50%