KOREAN TEAM SETS UP FREE EYE CAMP IN KARACHI
Members of the Vision Care Service of Korea set up
a week-long free eye camp in Karachi. The eye-camp was sponsored by
global digital technology leader, LG Electronics.
Doctors and eye-specialists especially flew in from
Korea to inspect and operate on needy patients. The team's aim was to
perform at least 500 operations in five days.
Speaking on the occasion, LG's General Manager, Mr.
C.S. Kim, said that LG strongly believes in supporting its communities
and giving them back the joy of life. "At LG, our aim is to
provide comfort not only to those who buy our products but also to
those who are deprived of the joys of life. This eye camp is just one
of the regular practices of the company," he added.
Dr. Dong Hae Kim, speaking on behalf of the Vision
Care Service, said that the team's experience has been very
enlightening and satisfying. "Our aim to provide sight to the
needy is aided by the cooperation of conscious companies like LG that
broaden our horizons and give us an opportunity to work in countries
Also speaking on the occasion, Dr. Noshad A.
Sheikh, Provincial Secretary for Health, said that eye-camps such as
these have great impact on our society. "It is indeed very
encouraging for us to have a team of specialized doctors from abroad
to operate on the poor and the needy. Such camps have proved to be a
blessing for many who cannot afford to have eye surgery that is quite
costly, he said"
CDC INVESTOR ACCOUNTS THROUGH HBL
Central Depository Company (CDC) will use Habib
Bank Limited's nationwide branch network to provide Investor Account
Service (IAS) to capital market investors. An agreement between CDC
and HBL was recently signed in this regard. CDC started IAS in 1999
and the service has grown tremendously over a period of six years. As
a result, today the company has a patronage of over 32,000 investors.
Investors' favorable response for IAS has led CDC to expand this
service all over the country.
Speaking on the occasion, CEO, CDC Hanif Jakhura
said that this initiative will go a long way to broaden the investor
base in the country and will provide remote investors an opportunity
to be a part of the Capital Market. He said that extending this
service through the banking network will enable the clients to operate
their IAS account as well as their bank account from the same window,
thereby making the product more efficient and convenient for the
clients. He further said that this initiative reiterates CDC's
commitment to be "at the forefront of capital market
development" and will compliment the company's efforts to better
educate the investors residing in small cities of Pakistan by
conducting a series of Investment Road Shows.
CDC has so far conducted four road shows in
Peshawar, Sialkot, Hyderabad and Quetta and the fiffh road show of the
series was planned in Multan on 24th September. The company also has
plans to conduct road shows in Sukkur, Gujranwala, Faisalabad as well
as UAE in the near future.
In the first phase, CDC Investor Account Services
would be made available from limited branches of HBL in Karachi and
Lahore but will be expanded countrywide shortly. CDC and HBL have
plans to introduce this service to Middle Eastern countries in the
near future as well.
CDC Investor Account Service provides retail
investors the benefit of safe and secure custody of their securities.
Investor accounts, unlike sub accounts (opened and controlled by stock
brokers), are directly operated on the instructions of investors.
Therefore, investors have direct and complete control over their stock
KATI ELECTS OFFICE-BEARERS
Renowned industrialist and Member of the Managing
Committee of KATI Mr. Gulzar Firoz has been unanimously elected
unopposed as Chairman of Korangi Association for the terrn 2005-06.
Mr.Masood Naqi and Shaikh Fazl-e-Jalil were elected
as Senior Vice Chairman and Vice Chairman of the Association,
respectively. Mr. M.Zubair Chhaya also declared the following five
members of the Managing Committee as elected unopposed on the five
Mr. Shaikh Fazl-e-Jalil
Mr. Umer Rehan
Mr. Abdul Rab
Mian Ziaul Hasan
Mr. Farhat Ali Khan
INTEL INTRODUCES NEW XEON PROCESSORS
Intel Corporation has announced availability of its
last planned single-core Intel Xeon™ processor. Intel also announced
new low voltage versions of its Intel Xeon processor line as the
company shifts to enterprise platforms with processors having two or
"We are aggressively driving the
transformation to an entire new generation of multi-core servers. As
the most widely-deployed 64-bit platform in the industry, Xeon is the
clear server and workstation workhorse for business," said Diane
Bryant, Vice President of Intel's Digital Enterprise Group and General
Manager of Intel's Server Platforms Group. "And as we support the
transition to multi-core enterprise computing, Intel is already
sampling next-generation processors and platforms that will consume
orders of magnitude less power and incorporate new platform
technologies that deliver leadership manageability, virtualization and
As part of its strategy to improve power
efficiency, Intel introduced low voltage versions of its Intel Xeon
processors. They include the 64-bit Intel Xeon processor LV 3 GHzl
with only a 55W processor power envelope and the 64-bit Intel Xeon
processor MV 3.20 GHz with a 90W processor power envelope. Both
processors are targeted at server rack and blade designs where space
is constrained and power-efficiency is a priority.
Intel also introduced a new 64-bit Intel Xeon
processor with 2MB of L2 cache running at 3.80 GHz that is drop-in
compatible with the previous Intel Xeon processor platforms and
continues to offer power-saving features with Demand Based Switching,
enhanced performance and flexibility with support for HyperThreading
Technology2, DDR2-400 memory and PCI Express*. Additionally, Intel
introduced a 64-bit Intel Xeon processor 2.80 GHz with 2MB L2 cache
for servers used in small and medium business environments.
VEQAR-UL-ISLAM TO RECEIVE IT PROFESSIONAL AWARD
Veqar-ul-Islam, former Country Manager Pakistan,
Afghanistan Bangladesh of NCR and presently Managing Director, Nokia
Pakistan, has been selected for the IT Professional of the year of
Pakistan Award during SEARCC conference scheduled for September 28 to
30 in Sydney, Australia.
SEARCC is the overarching body for the Information
& Communication Technology (ICT) societies in the region. Its
objective is to provide a common platform for ICT practitioners in the
region to gain access to professional development opportunities and
share experiences in the implementation and the use of best practices
in ICT. It was formed in 1978 and today it comprises 13 member
countries - Australia, Canada, Hong Kong, India, Indonesia, Japan,
Malaysia, New Zealand, Pakistan, Philippines, Sri Lanka, Taiwan ROC
One of the many events scheduled around this
conference was a Gala dinner on September 29 when the winners were to
be announced and honoured. The awards program was being held by
participating Compauterworld magazines from across the region.
The award winners would also be provided the
opportunity to take part in panel sessions during SEARCC.
JWT REVEALS HOW PEOPLE SPEND TIME IN PAKISTAN
JWT Pakistan invited its clients, media partners
and colleagues to share an interesting study on how Pakistanis spend
their time and the value/priority that they attach to every activity
that they choose to undertake.
"We are the third office in the world, after
the UK and US to have conducted this study, because we feel that in
this day and age, with the explosion of multimedia options it is
important to know exactly how consumers today are choosing to spend
their time. This will help us come up with innovative and creative
brand messages that people would like to spend time with," stated
Karim Rammal, President JWT Pakistan.
JWT also unveiled their new worldwide creative
scoring table which allows each creative idea to be ranked on a
benchmarked 10 point rating scale.
DHL TO INVEST US$8MILLION IN PAKISTAN
DHL, the world's leading express and logistics
company, has announced that it will invest up to US$8 million in
Pakistan in the next three years, including the construction of new
state-of-the -art Airside Express Logistic Centers in Karachi and
Lahore and upgrading all its facilities. This latest investment is a
reaffirmation of DHL's commitment to partnering with Pakistan and the
country's business community.
In his message read out on the occasion of the
groundbreaking ceremony of DHL Pakistan's Airside Express Logistic
Center at the Jinnah International Airport, Karachi, Scott Price, CEO
of DHL Express-Asia Pacific, said: "DHL has a long history of
successful partnership with Pakistan, such as the Joint Venture
between DHL International and DHL Pakistan spanning more than 23
years, and it is our intention to continue building on this
relationship well into the future."
Mr. Price noted that Pakistan is an important
market for DHL and a significant country in the growth of company's
business in the Asia pacific.
"In recent months, there have been clear
indications of a sustainable return of political certainty and strong
macro-economic fundamentals. At the same time, the region is seeing
very buoyant levels of intra-Asian and international trade. All these
factors together provide very favorable conditions in which we can
maintain the double-digit growth of our Pakistan operations,"
according to Mr. Price.
DHL's inbound and outbound shipment volumes for
Pakistan have also increased markedly, and this has made it necessary
to increase the frequency of its dedicated flights in and out of
Karachi and Lahore, DHL's Gateways in Pakistan, to the rest of the