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Chief Editor: Nadeem A. Jamal Volume: 4 Issue: 6, June 2010 editor@businessmonitorpk.com

















by KSE






 
 

Pakistan's performance in textile sector has been worst in the region
Mr. Mirza Istiaq Baig, the Vice Chairman of Baig Group Industries
Well-heeled, well-versed and well-traveled Ishtiaq Baig is well known name in Pakistan. Whether you see him playing host to a diplomatic reception as the Hon. Consul General of Kingdom of Morocco or read his columns in daily Jang the largest circulated newspaper in Pakistan and UK. He regularly appears on different television channels for his expert views on national and international issues - his name is everywhere. Among his many awards and accolades, he has also the honour of taking part in Gusl-e-Ka'ba in 2007 on the invitation of Saudi government and stayed inside Kaab'a for more than 45 minutes. Mr. Ishtiaq Baig is Vice Chairman Baig Group Companies a multinational conglomerate engaged in diversified industrial and commercial activities operating in Pakistan, U.A.E. and Morocco. On the commission of Government of Morocco, Government of Pakistan has appointed him Hon. Consul General of Kingdom of Morocco for the consular jurisdiction over the province of Sindh. Apart from being an industrialist he is a writer and a columnist. Regularly writes columns on national and international issues for "daily Jang" the largest circulated newspaper of Pakistan.  
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Quality and Aesthetics are Hallmarks of Dawlance
Hasan Jameel, Head of Marketing Dawlance
Tell us about yourself and your professional experience?
My name is Hasan Jameel and I completed my B.E. in Electrical Engineering in 1991 from NED University, and afterwards did my MBA from the Institute of Business Administration with majors in Marketing. My overall work experience comprises 18 years and I have been associated with Dawlance for the last nine years and the experience has been really wonderful.
How would you describe dawlance? What is the core business philosophy of dawlance?
Dawlance is a 30 years old company, which started its operations in 1980 by manufacturing refrigerators, and today we are the largest and No.1 home appliances brand of Pakistan in terms of volume and revenue with products like refrigerators, freezers, split ACs, microwave ovens and washing machines. Our core business philosophy revolves around reliability and this is not just a marketing statement but it is our commitment to our valued customers. Through our in-depth consumer researches, we have always opted for relevant solutions that the consumer requires hence giving them relevant and a reliable solution. 
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Did Raza quit due to heavy Govt borrowing?
Former State Bank governor Salim Raza, who resigned, was said to be unhappy with heavy government borrowing from the central bank which an official said was the main reason for his quitting the job. The resignation of the SBP governor has sparked rumours as he left at a time when the government is preparing to present the federal budget for 2010-11. According to officials, Raza had pointed out at various levels that heavy government borrowing from banks was causing problems for the economy.
SBP spokesman Syed Wasimuddin said the government never extends the SBP governor's age limit. In case of Raza, age limit was not the issue as he had eight months left in his tenure. Besides, he said, "government borrowing cannot be a reason for his resignation," he added. Media reports said Raza was going to reach the age limit next year and that the government was unwilling to give him extension. According to the law, age limit of the SBP governor is 65 years. Officials said the age limit could not trigger Raza's resignation because it was clear right before his appointment. "Raza did not seek any extension of his tenure which was due to expire on 15th February 
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Thrilling matches at the 14th Carrom Euro Cup in Rome, Italy
The 14th Carrom Euro cup held from 11th to 13th June in Rome ended on Sunday by the Prize Distribution Ceremony, in which ECC president Arif Naqvi announced that the 15th Euro Cup has been alloted by the ECC to France.
About one hundred Carrom players from France, Germany, Holland, Italy, Poland, Slovania, Switzerland and United Kingdom participated in this year's Euro Cup, which was held in three disciplines: Singles, Doubles and Team Event.
The team from Czech Republic could not attend at the last minute due to the death of the father of an important member of the team, the 14th Euro Cup was opened on Thursday evening by Arif Naqvi, President of European Carrom Confederation and ICF, who appreciated that the Carrom Euro Cup has been held every year without any interval and has contributed to its popularity and rise of the standard. He said that the 14th Euro Cup should be taken as a rehersal for the 3rd World Cup which would be taking place from 27th September to 1st October in Richmond, Virginia USA. Naqvi appreciated the dedicated hard work done by Elisa Martinelli and other members of the Italian Carrom Federation to make the event successful. 
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There is much to disagree
There is much that we disagree with what Finance Minister Dr Abdul Hafeez Sheikh said during his budget speech on the floor of the National Assembly on June 5. Defending the substantial rise in defence expenditures, from Rs378 billion last year to Rs442 billion for 2010-11 (an increase of almost 17 per cent), the minister said that security was the government's "topmost" issue. While that indeed may be the case to an extent, given Pakistan's participation in the war on terror and the massive impact its fallout has had on the people of Pakistan and the economy, the fact is that there is more to this debate. 
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NCEL board reconstituted
The newly constituted Board of Directors of National Commodity Exchange Limited (NCEL) has re-elected Kamran Y Mirza as its chairman for a period of one year recently. Mirza, CEO of Pakistan Business Council (PBC), is chairman on board since March 2009. Independent directors on the reconstituted board are Kamran Mirza, Ayesha Aziz (MD, Pak-Brunei Investment Co), Hanif Jakhura (CEO, Central Depository Company), Aizaz Sarfraz (MD, Pak-Iran Investment Company) and Ruhail Muhammad (CFO, Engro Corporation). Shareholder representatives on board are Imtiaz Haider (MD, Islamabad Stock Exchange), Majeed Adam (Director, Karachi Stock Exchange), Osman Asghar Ali (Director, Lahore Stock Exchange) and Anees-ur-Rehman, Irtiza Kazmi and Rehmat Hasnie (all from National Bank of Pakistan). In addition, Samir Ahmed would remain MD NCEL on the board. NCEL is operational since May 2007. It currently lists future contracts in gold, crude oil, silver, palm olive, rice, 3 months KIBOR. The Exchangeís shareholders are Karachi Stock Exchange, Lahore Stock Exchange, Islamabad Stock Exchange, Pak Kuwait Investment Company Limited, Zarai Taraqiati Bank Ltd and National Bank of Pakistan (NBP) and it is regulated by the Securities and Exchange Commission of Pakistan.

 

Scope of digital marketing
By: Mawaiz Khan Akash

It's a well-known fact that today's world is the world of digital marketing. The popularization of products and brands via internet, mobile and other interactive channels is becoming extremely active in the world. In other words digital marketing is the practice of promoting products and services using database-driven online distribution channels to reach consumers in a timely, relevant, personal and cost-effective manner.
In recent days consumers look flooded and inundated with marketing messages from the moment they wake up, until the moment they fall asleep. There are ads for beer, ads for cars, ads for gadgets and devices designed to make their life easier. On the other hand it has seen that these have bit effectiveness in the current trend of marketing and goes in one ear and out the other. For example, a print ad for a newspaper may effectively reach the intended target audience; it is not always hitting them at a time when they are making a decision to buy a vehicle, therefore, losing some of its effectiveness. If it said that newspapers and print magazines 
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Good governance, corruption cannot go together
Sohail Wajahat H.Siddiqui Managing Director and CEO Siemens Pakistan said that we should collectively fight corruption in order to ensure good governance. He was speaking at a seminar entitled "Good governance defeats corruption" organized by National Accountability bureau at Mohammad Ali Jinnah University.
He presented facts and figures to demonstrate how good governance is derailed by corruption .He said in most developing countries corruption was not a marginal problem but a systematic all encompassing system that inhibits the society totally. He urged all sections of society to unite in fighting corruption and was of the opinion that youth can play a major role as 40% of the population comprises of 15 to 25 years old and they have high potential and it was their responsibility to live lives full of values. Mr Siddiqui elaborated the approach of combating corruption through collective actions, like Integrity pact, industry code's etc.
Mr.Sohail Wajahat outlined the Siemens value based culture with high ethical standards, compliance organization function and its significant role in the company.
Mr.Sohail Wajahat said that Siemens efforts have not gone unrecognized internationally and at the Dow Jones sustainability index Siemens has secured the highest position in the category of Sustainability (Social, Economic and Environment) and is seen as the industry benchmark for compliance and sustain-ability in the year 2009.
Mr.Sohail Wajahat reiterated the need for collective action to defeat the menace of corruption and proposed accountability, levelling of salaries between public and private sector and reduction in discretionary powers in the public sector.

Businessmen concerned over budget spending
Transparent and rightful spending of the Sindh budget 2010-11 is the only concern of the businessmen in Karachi as that would lead to a prosperous province. Consequently, the people of Sindh would also benefit including the traders and industrialists, they said. The Express Tribune spoke to several businessmen regarding the budget. While most were not aware of the details, they did say that they were concerned about the allotted amount for education, which they said should be the top priority of the provincial government. "Good education for our youth would mean a better future as it would lead to a more skilled workforce, better employment opportunities, better living standards, low poverty, among others," a businessman said. 
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Expo helps foreigners to strengthen trade ties
Foreign delegates visiting Pakistan said that they have managed to make good business deals here. However, local counterparts also said that some foreigners had cancelled their trips due to the law and order situation of the country.
They said this while speaking to The Express Tribune on the second day of the exhibition 'My Karachi - Oasis of Harmony', organised by the Karachi Chamber of Commerce and Industry at the Karachi Expo Centre. 
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MQM joins hands with KCCI to reject budget
The Muttahida Qaumi Movement (MQM) joined hands with the Karachi Chamber of Commerce & Industry (KCCI) on Tuesday to reject the proposed 2010/11 budget, calling it anti-people and anti-industry. MQM lawmaker Rasheed Godial, who is a member of the National Assembly Committee on Finance, said his party, despite being part of the coalition government, rejects the tax-laden budget. He was addressing a post-budget press conference at KCCI where top business leaders were also present. 
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Indo-Pak trade can grow upto $10bn: Indian envoy
The bilateral trade between Pakistan and India has a potential to grow in the range of $ 3 to $ 10 billion due to geographical proximity and cheaper transportation cost. This was stated by the Indian High Commissioner Sharat Sabharwal while speaking at Karachi Chamber of Commerce and Industry (KCCI) here Wednesday. He said the current volume of bilateral trade is $ 2 billion. Quoting a recent report prepared by the panel of economists appointed by Indian Planning Commission on "medium term development imperatives and strategy for Pakistan", he said the report has suggested that opening trade with India will also have a salutary effect on prices in Pakistan. He said the panel of economists have maintained that the fear 
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Textile minister wants US to sign FTA with Pakistan
Minister for Textile Industry Rana Farooq Saeed Khan urged the US authorities to sign free trade agreement free trade agreement (FTA) with Pakistan. He said that US government pledge to give free exhibition stalls to the Pakistani Industrialists was a welcome step but stressed that free access be given to Pakistani products in US markets. He said this while talking to a delegation of prominent 
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Pakistan finds new market for textile exports
Pakistan has found a new market for its textile exports during the current financial year, indicating a major shift from the traditional markets. However, in textile products, only raw cotton export witnessed major shift destination, which is a positive sign for the country, which relied mainly on the traditional markets over the years, analysts and exporters noted.  
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Textile exports stand at $9.324 bn
The Federal Bureau of Statistics (FBS) said that textile exports shared over 50 percent of the total exports during the first eleven months of the current fiscal year. Textile exports stood at $9.324 billion and contributed 53 percent in the total exports of $17.6 billion during July-May 2009/10. The other major contributors are manufacturing group, which shared by 19.21 percent with $3.381 billion followed by food group 17 percent and $2.992 billion, petroleum and coal 5.06 percent or $890.629 million and miscellaneous exports 5.74 percent or $1.01 billion, the FBS said. The textile exports managed to grow by 6.77 percent despite difficult economic conditions due to war on terror and electricity crisis owing to increase in exports of raw materials such as cotton and cotton yarn. The export of both raw materials fetched $1.486 billion foreign exchange for the country. In terms of volume, the export of cotton cloth leads in textile earnings with $1.66 billion. It is followed by knitwear $1.587 billion, bed wear $1.573 billion, and readymade garments $1.158 billion.

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Romania to open Karachi consulate soon
Romanian Ambassador to Pakistan Emilian Ion has said that Romania will soon reopen its consulate in Karachi to facilitate businessmen and increase trade with Pakistan. Trade ties have been marred by lack of information sharing between the two countries, he said. He was speaking to businessmen at the Karachi Chamber of Commerce and Industry (KCCI) on Saturday. "Karachi with a population 
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Tanners give proposals for trade policy 2010-11
If the value added tax (VAT) is levied on raw hides and skins, it will be impossible to document it because their suppliers are mostly butchers, traders and commission agents who are normally neither educated nor registered with the sales tax department, said the Pakistan Tanners Association (PTA) in its trade policy 2010-11 proposals on Friday. 
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Govt fails to fulfil promise to APTMA, PYMA and PCGA
The government has failed to fulfil its promise to textile, yarn and ginning sectors for package announcement in the federal budget, as promised by the Prime Minister Yousaf Raza Gilani. All Pakistan Textile Mills Association (APTMA), Pakistan Yarn Merchants Association (PYMA) and Pakistan Cotton Ginners Association (PCGA) on Monday expressed dismay for not providing relief to these sectors. PM Yousaf Raza Gilani had assured APTMA, PYMA and PCGA at a meeting for the resolution of their genuine problems, spokesman of these bodies, Shakeel Ahmad said. 
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Annisul elected SAARC chamber president
President of Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) Annisul Huq has been elected President of the SAARC Chamber of Commerce and Industry (SCCI) for the 2010-2011 term. The Board of Directors of FBCCI at an emergency meeting on Sunday unani-mously approved the election, the FBCCI said. First Vice President of FBCCI Abdul Kashem Ahmed has also been elected the Vice President of the SCCI. Bangladesh will act as the President 
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SAARC CCI picks up advisory panel
Kunming-The China South Asia Business Forum has appointed Annisul Huq, President, SAARC Chamber of Commerce & Industry (SAARC CCI) from Bangladesh and Tariq Sayeed, former President of SAARC CCI and FPCCI as member of the Advisory Panel from Pakistan. He was conferred upon a certificate of appointment by Luo Zhengfu, the Deputy Governor, Yunnan , China in a ceremony held on the occasion of 5th China-South Asia Business Forum (CSABF) recently held in 
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Punjab budget pro-poor, growth-oriented: FPCCI
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and SAARC Chamber of Commerce and Industry on Monday termed the tax-free Punjab budget for year 2010-2011 as pro-poor, balanced, development and growth-oriented. Talking to APP here FPCCI Zonal Chairman Mian Muhammad Adrees and Vice President of SAARC Chamber of Commerce and Industry, Pakistan chapter and veteran trade leader Iftikhar Ali Malik greeted Chief Minister Muhammad Shahbaz Sharif for presenting a tax-free annual budget by focusing on the promotion of quality education and provision of specialised medical treatment to poor strata of society besides special allocation of funds for rapid  
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5th China South Asia Business Forum
The 5th China-South Asia Business Forum (CSABF) started in June, 2010 at Kunming City, Yunnan Province China with the aim to bring business community of South Asia closer to their counterparts in China and exploring new business potential in Asian region. Mr. Tariq Sayeed, Patron-in-Chief Pakistan-China Business Council of FPCCI and Former President SAARC CCI & FPCCI, Mr Iqbal Tabish, Secretary General, SAARC CCI left Pakistan accompanied by more than 100 businessmen attended this Forum and Exhibition. All businessmen participated in the forum and setup stalls to display large variety of Pakistani products in Kunming Fair. Many businessmen/exhibitors from all over the World will also attend this forum under the theme "Strengthening China-South Asia Cooperation on the Road to Global Economic Recovery". Syed Muhibullah Shah, Chief Executive, Trade Development Authority of Pakistan will also 
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HSBC Bank wins major awards
HSBC Bank has bagged three awards at the annual Euromoney Awards ceremony held in Beirut recently, a statement said on Thursday. The awards included best investment bank in the Middle East, best cash management house in the Middle East and best investment bank in Saudi Arabia. The Euromoney Awards for Excellence are acknowledged by the industry as the pinnacle of achievement for wholesale banks. These awards are given to those institutions and individuals that demonstrate leadership, innovation, and momentum in the markets in which they operate, the statement said. "HSBC has emerged a winner from the financial crisis. HSBC remained open for business throughout the market downturn and maintained its commitment to the region: one that stretches back over a century," the statement quoted Simon Cooper, Chief Executive Officer, HSBC MENA as saying.

Sherwani joins ABL as president
Khalid Sherwani has joined Allied Bank Limited (ABL) as its president and CEO, making him the first ever CEO to have been re-appointed second time at any private bank in Pakistan, said a statement released on Monday. Previously, he served as CEO of the ABL during 2000-2007. "He nurtured the Bank through its worst crisis during 2000-2004, managed its recapitalisation and reconstruction in August, 2004 that helped turn around the Bank in a very short period of time," the statement said. 
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Faysal Bank to acquire RBS Pakistan
The Royal Bank of Scotland (RBS) Pakistan announced that it had reached an agreement for selling its local operations to Faysal Bank at far lower price what MCB Bank had offered early this year. After failure of sale agreement with MCB Bank, the RBS Pakistan again put itself on sale and managed to attract Faysal Bank and EFG-Hermes of Egypt. The bank in its announcement stated that it had reached a deal to sell 99.37 per cent of RBS Pakistan to Faysal Bank for a total 
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human rights post karachi

purkashish modeling agency pakistan

Presentation on 'developing banking mediation'
International Finance Corporation/World Bank Group delivered a presentation on "Developing Banking Mediation in Pakistan" on May 4, at Learning Resource Centre of State Bank of Pakistan (SBP). The event was attended by representatives of IFC, banks and had institutional support of Pakistan Banks Association (PBA). Currently there is no "banking mediation" policy in Pakistan and the objective of holding the presentation was to discuss benefits of mediation 
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FMFB ranked 7th in the top 100 MFIs of the world
The First MicroFinanceBank Ltd. (FMFB) has been ranked 7th Global 100 Composite Rankings of Microfinance Institutions (MFIs). The rankings issued by the Microfinance Information Exchange, Inc. highlighted the performance of well rounded, leading MFIs that boost outreach and lower costs to serve clients in a transparent manner. According to the report made available on the mix website www.themix.org on December 22' 2008, FMFB with 7th position, was the only MFI from Pakistan 
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Yarn exports increased 22% in 11 months: textile sector
The Value-added Textile Sector has disputed the claims of spinners that 20 percent of spinning units have closed down saying that the exports of yarn during the period of July-2009 to May 2010 is to the tune of 588.3 million tonnes as compared to 11 months period last year, showing an increase of 22 percent. Coordinator Value-added Textile Forum, M. Jawed Bilwani in a statement on Monday said that export of yarn has increased by 22 percent during the said period but spinners are complaining for no reason at all. He said it is an irony that in Pakistan, production of spinners is 20 percent less than the previous year's while export of yarn is increasing. Jawed Bilwani revealed that according to a business report: The Chronicle with Bloomberg of 19th May, 2010 "it has been reported that among other crops, China's cotton crops have been badly damaged by heavy rain and snow. Snowfalls also hurt cotton crops in Xinjiang. The snowstorm in Gansu province was the latest in a string of weather events that have hurt cotton crops among other crops this year. This report also states that the outlook for cotton planting in China this year is "not optimistic" after farmers delayed sowing because of adverse weather, said Gao Fang, Executive Vice President, China Cotton Association. China faces a cotton shortage of about 310,000 metric tons before new domestic supplies come onto the market after India halted exports". He also quoted Business China report that the local media has speculated that China, the world largest cotton consumer will import more cotton to around 800,000 tonnes in import quotas for cotton soon to ease the demand shortfall. The report also states that according to the latest report released by the United States Department of Agriculture (USDA), China is expected to increase cotton consumption by 1.5 million bales in 2010-11.

KEI Delegation meets the Federal Education Minister, Secretary Education, and Executive Director, HEC
Mr. Hussain Dawood, Mr. Shahid Pracha, Mr. Robert Wheeler accompanied by Brig. (Retd) Muhammad Akram paid a courtesy call on the Federal Education Minister Sardar Aseff Ahmed Ali at his office in Islamabad on 2nd June 2010. The visitors met with the Minister and the Federal Education Secretary, Mr. Imtiaz Kazi for over an hour during which they apprised them of the founding of the Karachi School for Business & Leadership and its plans to launch Executive Education in the fall of 2010 and to begin a regular MBA programme in Sep 2012. Sardar Aseff and Mr. Kazi showed a very keen interest in the presentation by the KEI delegation, and in particular the fact that the KSBL is being set up in strategic collaboration with Cambridge University's Judge Business School. The KEI has been assured of the full support of the Federal Ministry of Education in its initiative to bring world class business education to Pakistan. Later that same day, the KEI delegation also visited the Higher Education Commission in Islamabad and had a very cordial and fruitful meeting with Dr. Sohail Naqvi, Executive Director at the HEC.

MCB Bank & M-NET Signs 1st Tripartite agreement with Supernet Limited
MCB Bank, M-NET and SUPERNET Limited signed the first ever tripartite agreement to provide online purchase of Internet hours via MCB Virtual Banking facility. The product packages what Supernet will be offering will be exclusively for our Virtual Banking customers. The agreement signing ceremony was held on 24th June in Karachi. Speaking on this occasion C.E.O Supernet Ltd Mr. Imran Malik appreciated the efforts made by MCB and M-NET to materialize this arrangement.

Supernet Wins Brand of the Year Award 2009
Supernet has won Brand of the Year Award for year 2009, in "Data Network Operator" category, in a ceremony held recently.

Mr. Imran Malik, CEO Supernet of Supernet recieved the award from The Prime Minister of Pakistan His Excellency Yousuf Raza Gilani.

Supernet is offering corporate data services since 1994. Supernet offers a full portfolio of local-to-global integrated communications infrastructure solutions to facilitate the key business processes of corporate, SME and individual customers.

Jaffer Brothers Wins Brands of the Year Award 2009
Jaffer Brothers Pvt. Limited has won Brand of the year Award 2009 in the category of IT Solutions by Brand Awards Council of Pakistan. Mr. Zia Ul Haque, Director Operations, Jaffer Business Systems (Jaffer Brothers Pvt. Limited) is receiving Brands of the year Award 2009 for IT Solutions from the Prime Minister Syed Yusuf Raza Gilani. The panel was consisted of the heads and representatives of bodies such as Consumer Foundation, PQQCA, PTA, TDAP, IPO and ministries such as Ministry of Petroleum & Natural Resources, Ministry of Industries & Production, Ministry of Commerce, Ministry of Finance& Economics and Ministry of Science & Technology. Jaffer Brothers was selected amongst top 3 contestants in the category of Information Technology Solutions by brands of the Year Award Council and is declared winner by achieving maximum number of customer votes and by obtaining highest score in Expert Panel Analysis. Besides the consumer survey and expert panel analysis the brand was also evaluated on the basis of popularity, familiarity, availability, brand value for money, brand reputation, impact of advertisements and promotional campaigns, quality satisfaction level, CSR projects and HR training programs. Mr.Zia Ul Haque, Director Operations, Jaffer Business Systems received the award on behalf of Jaffer Brothers. In a ceremony held at Governor House on May 7, 2010, the award for the winner in the category of IT solutions was presented to Jaffer Brothers by the honourable Prime Minister of Pakistan, Syed Yousuf Raza Gillani.

PTCL, Galileo join hands
Pakistan Telecommunication Company Limited (PTCL) and Galileo Pakistan have signed a Memorandum of Understanding at Karachi for online connectivity of all Galileo's travel business partners. Galileo Pakistan by Travel port, in Pakistan joined hands with Pakistan Telecommunication Company Limited (PTCL), 
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UBL Fund Managers Limited Signs Software Development Agreement with Plexus
UBL Fund Managers has entered into a software agreement with Plexus after evaluating several software options available in the industry. UBL Funds has chosen Plexus to be the solution provider to develop and implement comprehensive software for their core-business automation.
UBL Fund Managers Limited is a wholly owned subsidiary of United Bank Limited. UBL Fund Managers has been operating since the year 2002 and ranks amongst one of the leading asset management companies in Pakistan 
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Meezan, Wateen & Multinet sign telecom network contract
Meezan Bank has engaged the services of two renowned data operators, Wateen and Multinet, to connect its 201 branches and offices in 54 cities across the country using optical fiber. An announcement here on Wednesday said that in line with its vision of making Islamic Banking the banking of first choice, Meezan Bank has embarked upon an aggressive strategy to improve its level of customer service by investing in sophisticated technology to link all its branches and offices nationwide through 
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Delay in MOU renewal puts Posco a tragicomedy situation
For steel major Posco, it is like Samuel Beckett's cryptic tragicomedy "Waiting for Godot" with the Orissa government taking time to renew the memorandum of understanding (MoU) signed with the South Korean giant. The MoU, which was signed on June 22, 2005, expired last week after a gap of five years. Billed as the largest foreign direct investment (FDI) proposal in the country so far, the Rs 52,000-crore Posco project has failed to take off because of protests by the local inhabitants and party politicking.  
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KESC signs MoU with Chines company
Karachi Electric Supply Company (KESC) and a Chinese company has reached a Memorandum of understanding to work together to reduce the lines loses in metropolis, SAMAA learnt Thursday.

Sources told SAMAA that both the companies reached on the MoU two weeks ago.

It has also been learnt that an agreement would be inked soon. The foreign company will establish six distribution offices in 18 towns of metropolis. SAMAA.

Reputation among reputed
Lakhani Builders is very reputed among Builders of Pakistan, due to its experience, professional skill and integrity. Lakhani Builders is such a fine blend of qualified engineers and perfect architects executing their task with all of professional working methods ever known to them. Its M.D. being himself Civil Engineer graduate started his career as site engineer with a well known builder in Karachi and after gaining full confidence of his previous parent company, and completing the project, he himself started his own construction company which is not an easy task in any manner in those days, but with firm conviction he started his first project as Lakhani Heights which was in the busy town of Karachi, the success of that project could be well judge from the fact that it was booked in all, in a same day. In the light of the above fact full story of success it can rightly be said that their other projects such as Lakhani Pride & Shopping Mall, Lakhani Excellency, Ajmer Pride and Shopping Mall, shall also enjoy the same success. Our other forthcoming projects are Lakhani Corner, Lakhani Centre & Lakhani Heaven, etc., in which we are very profoundly looking for your affection.

Mr. Vijay Lakhani Chairman
Mr. Vijay Lakhani sowed the seeds of Lakhani Builders in the form of a partnership firm way back in 1989, and today, over two decades later, under his efficient control, it has metamorphosed into the giant Lakhani Group. His determination, dedication and untiring efforts have seen the company grow in leaps and bounds.
Apart from the business of construction, Mr. Vijay Lakhani's philanthropic nature has lead him to meet his social commitments and kept him actively associated with various social organisations and charitable trusts. Indeed, Mr. Vijay Lakhani has become the eminent personality that everyone looks up to, both in the real estate industry and in the society at large.

Dr. Vishan Lakhani Managing Director
A graduate in medicine, Dr. Vishan Lakhani is the co-founder of the Lakhani Group. His in-depth knowledge and over two decades of hands-on experience in every stage of the construction activity reinforce the hallmark of quality for the group.
From project planning & monitoring to quality control, Dr. Vishan Lakhani is actively involved in a project from the inception till its completion.
His innovative applications in designing, building elevation, beautification & landscaping and ultra modern amenities continue to enhance the standard of living for the patrons of the Lakhani Group.

Mr. Sunny Lakhani Director
Representing the generation next, Mr. Sunny Lakhani, armed with an international degree in management, aptly refreshes the projects of the Lakhani Group with his exclusive ultra modern touch.
Always taking the lead in the enhancement of business, his sensitive, measured and purposeful approach maximize the results for the group, even as he never misses an opportunity to provide maximum benefits to the customers accustomed to expect the best from the Lakhani's.
His innovative thinking and superior management skills are set to spearhead the group to even greater heights of success.

Afeef’s Journey
Afeef started its journey as a packaging & printing firm which today stands as one of the leading organization in this industry. It was established under the patron gage / guidance of Mr. Rashid Ahmed Siddiqui whose broad vision spear headed the company on a track which leads to success and eventually to utmost satisfaction of the customers. Afeef focuses on catering to specific needs of customers & clients and it is this commitment that gave birth to a group which has a diversified work portfolio. From Printing/Packaging to Construction and from Furniture / Fixtures to Trading, Afeef's business acumen is aimed at providing high quality products and services with the sole purpose of being customer's satisfaction. It is this spirit of serving that has equipped Afeef with an extremely high customer retention rate of 95.3%.
Afeef always strives for perfection in all spheres of its activities so that it can cater to the business needs of tis clientele more efficiently. Since the technical horizon of the mechanical products constantly moving towards improvement, Afeef is eager to induct the latest models of various machines for preparing its stock of supplies to stay in harmony with changing times. Afeef is dedicated on delivering what specific customers what, so it does not pursue one-time transactions, but tries best to cultivate long-term relationship between customers and itself. Today, Afeeft is a name synonymous of service excellence and its vast work portfolio positions this group as a highly professional business entity that believes in innovation and growth to meet the ever changing demands of its customers.

Afeef, the Grand Company
Afeef's mission is to provide tailor made solutions catering to range businesses at highly competitive rates. Afee group not only believes in quality but also in high standard of service support. The main aim is to make life easier for clients and customers by providing top of the line products and unmatched services ensuring high end quality Vision Afeef Group is guided by an abiding vision to create enduring and profitable business ventures in a rapdily changing enviroment. This vision is made possible by a team of specialists rich in experience, possessing a record of professional excellence and achievements, which is driven by a long term commitment to success and growth 
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