INCOME & GROWTH FUND LAUNCHED
Asset Management Limited (FAML), a group company of Faysal Bank
Limited, AKD Securities (Pvt.) Ltd. and Islamic Investment Company of
the Gulf (Bahamas), has announced the launch of its new open-end
mutual fund, Faysal Income & Growth Fund (FIGF) with effect from
October 10. FAML is currently managing an open-end fund, Faysal
Balanced Growth Fund with over PKR 1.9 billion under management.
Ahsan Raza Durrani, the CE0 of FAML, briefed the salient features of
the new fund -FIGF - and laid out the future plans of FAML for
launching an Islamic fund. Mr. Durrani emphasized the unique
investment strategy of FIGF, wherein the fund will invest at least 90%
of its Net Asset Value (NAV) in fixed income securities of which, at
least 63% will be invested in Government Securities, like T-Bills
& PIBs, whereas the Fund may invest not more than 10% in dividend
yielding equity securities.
Ajaz Rahim, EVP & DGM-Faysal Bank, highlighted Faysal Bank's
pioneering role as a leading commercial bank in the promotion of
mutual funds in Pakistan. With reference to the conservative
investment strategy of FIGF, Mr. Ajaz said he is confident that the
new fund, FIGF will promote saving and investment climate in Pakistan
as being a tax efficient dividend yield investment opportunity. The
new Fund is an ideal investment opportunity for conservative investors
in General Public like individuals, provident/gratuity/pension funds,
body corporate and public sector entities/funds and Financial
much hype, TVONE began its formal transmission from 4th September
2005. A progressive channel that aims to portray the views and provide
entertainment for modern Pakistan, the much awaited launch has been a
activities on floats that left no corner of Karachi untouched, the
public enjoyed live performances and the opportunity, to put their own
potential talents to the test. Indeed, the name TVONE has become
synonymous with healthy and happening entertainment.
the theme of "Pakistan hai number one", TVONE launched its
Mera Ghar No. 1, Mera Channel TVONE" promotion. The TVONE crew
went from house to house to search for people viewing TVONE. Where
they found TVONE viewers, a cheque for Rs. 10,000 was instantly signed
and handed over. This activity was carried out not only in Karachi,
but also in major cities across Pakistan where numerous Rs. 10,000
cheques were given out to all those people who were found to be
watching the channel. With such exciting activities and unbelievable
prizes, TVONE has built a name for itself by creating such excitement
and also providing in a sense for the Pakistani people.
exciting new shows whose promos are being aired on the channel,
viewers waited anxiously for the programming to begin. We now wait for
TVONE programming to take Pakistan, and those who are watching around
the world, by storm.
SCHOOL MILK DAY CELEBRATED
Pak Pakistan orgainised a daylong carnival at the PAF museum in
Karachi to mark the first-ever celebration of World School Milk Day in
Karachi. Thousands of children, parents and families participated
enthusiastically in the event. Tetra Pak's dairy customers and
children from more than 27 schools had set up stalls offering various
fun-filled activities highlighting the benefits of drinking healthy
milk. A similar event was held in Lahore on September 24, in which
more than 35 schools participated.
Karachi this year, the event included athletics competition,
inter-school stall competition (where the theme was milk), a poster
competition, where the children displayed their artistic skills and
also staged tableau, besides a milk theme fancy dress competition.
Winners were awarded prizes and trophies and all participating
students were giving certificates by Tetra Pak. Great interest and
zeal was clearly visible among the participating children, whether on
the athletics track or in other activities.
School Milk Day is celebrated in about 85 countries of the world and
Tetra Pak is proud that through this event, Pakistan has also joined
the international community in this vital activity," remarked
Kashif Bhatti, General Manager South, Tetra Pak. "The ultimate
objective is to introduce the concept of a School Milk Programme in
Pakistan, like in many countries of the world. Children need to have
milk daily in their diet and this in just what a school milk progamme
ensures," he added.
explosive growth in Pakistan's counterfeit market has attracted the
suspicious gaze of the WTO. The infiltration of fake products has cost
both the government and people much beyond quantifiable extents. Yet
there seems to be an indulgence in both the sale and purchase of cheap
copies of brands. The victim list is on an ever increase and the laws
pertaining to intellectual property rights pass away unnoticed.
has however struck when the government is being pressurized by foreign
markets to expedite the growing violation of these defined rights.
Recently the US has claimed damages against IPR abuses and the
unilateral cancellation of licences, at the failure of which the World
Bank will pay compensation on Pakistan's behalf and consider the
amount as a loan extended to the nation.
situations have played havoc as far as foreign investments are
concerned. Many entrepreneurs and foreign businessmen show reluctance
in forwarding investment plans in Pakistan as they fear copyright
violations and that the fake copies of their brands would fast appear
in the market, stumping the growth of their industries and
government has recently established an umbrella body under the name of
Pakistan Intellectual Property Rights Organization (PIPRO) covering
segments of IPRs and efforts are made in systemizing the IPRs in a
compact manner, which will lend credibility and efficiency to the
system in place.
whilst strategies are being devised on how PIPRO can end the malaise
of violation of IPRs, coordinated efforts in a form of consistent
campaigns by both public and private sector will have to be launched
to battle fake products' accessibility. The end consumer will have to
be aware whilst making a purchase decision and a sense of
responsibility for one's individual self will have to be inculcated.
HOLDS LUCKY DRAW CEREMONY
one of the pioneering and leading mobile phone company in Pakistan,
held an award distribution ceremony for the winners of the Call a Day
Consumer Promotion in a glamorous ceremony held in a 5 star hotel in
ceremony was the result of the promo that gave people a chance to win
fabulous prizes like a brand new 2.0D car, plasma television, DVD home
theatre system, Dubai return tickets, and mobile phones with Rs.1, 000
worth of airtime. These prizes attracted thousands of people from
different strata and classes and they took part in this one of its
kind opportunity. The promo consisted of 5 draws in all, 4 for the
weekly prizes (Plasma TV, DVD Home theatre, Dubai return tickets,
Mobile Phones) and one for the grand prize (2000 CC Grand Sedan) held
at the end of the promo month. To participate in the weekly draws, the
subscriber needed to register one call daily within the week, while
for the grand draw, the participants had to make just one daily call
during the month.
FARES: EMIRATES HOLDS SEMINAR FOR TRAVEL AGENTS
one of the world's fastest-growing airlines conducted a colloquium to
apprise its travel partners of the new Interline Fares.
pricing seminar conducted at Avari Towers, Karachi, brought together
leading travel agents, totaling almost 150 in number. The seminar
included presentations on topics relating to New Interline Fares for
Europe, Africa, Middle East, South Asian Subcontinent, Far East and
South West Pacific. New routing guidelines were established for travel
agents, and fare combinations were also discussed.
to this, other seminars took place in Islamabad, Lahore, Peshawar,
Multan, Sialkot and Faisalabad.
travel agents were also updated on new Emirates Holidays products and
features particularly the Dubai Stopover product which has been
developed to showcase the city as progressive and chic with a rich
past. Currently, Emirates Holidays offers flexible, affordable and
quality holidays to 100 leisure destinations in 36 countries in Asia,
Australasia, Africa, the Indian Ocean, the Middle East, Europe and