Dentonic means healthy and beautiful smile
S. A. Alavi Chief Executive Officer, Dentonic
S. A Alavi is the man of high spirit and superb motive. When he was 20-year-old, was doing a small time job at a sugar mill in East Pakistan, he had a severe toothache, which worsened to such a degree that he asked God to take away his life if it can not be cured. He tried different medicines and prescriptions from dentists but to no avail. Finally his prayer was answered. One day he came across a dentist who claimed to cure toothache with help of his own medicinal powder he called Dentonic.
In 1958, Alavi moved to Karachi along with a product conceived and named by someone else. He first made Dentonic for himself, family and friends. Soon, every one was asking for it. That is when he realized it could be marketed. Gifted with entrepreneurial spirit, he started doing odd jobs to save money for his product, which went on to become a household name in the next couple of years. In March 1963, he started making and marketing Dentonic from a two-room factory and now the Dentonic is a compulsory product for every house. Business Monitor got a chance to meet the men behind the impressive Dentonic, Mr. S. A Alavi  >>>>>

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KCCI enjoys singular distinction of being the premier Chamber of the country
Mr. Abdul Majid Haji Muhammad is magnanimous in his unmatched long hours working, unquestionably, this devotion brought him to zenith of success. Basically had done his matriculation from Marie Colouso Karachi and Graduation in commerce from Government commerce & Economics College Karachi. He is the director of Abdul Wahid Abdul Majid Group of Companies. He has been the member of General body represented Pakistan Vanaspaty manufacture Association (PVMA) from 1995-96) and the member of PVMA Executive Committee from 1997-98. Similarly he has been the member of Managing Committee -KCCI (1998-2001) and (2003-05), in the same context the Chairman Banking & Insurance Committee and member of State Bank of Pakistan Credit Committee (2003-04). His untiring efforts took him to be the Vice-President of KCCI (2004-05). He has been awarded many times for his outstanding performance in Import & Trade, importer of general items from the platform of Pakistan Commodity Importers Association. He is also running a welfare hospital Gharo, Sindh since 2005. In previous week he talked to Business Monitor while giving a special interview.  >>>>>

POLITICAL INTERFERENCE IN MCB
MORE DOWN FALL OF ECONOMY
By: Nadeem Ahmed Jamal
The Banking Sector tends to down all over the world and eye catching illustration is to be seen in America, the strongest economy and banking sector of the world, where the 106 banks have been warped. The bank investment is to be imagine the back bone of any economy of the country and standing position of banks tantamount of brace value of country financial pose. It is fortune of Pakistan, despite of destructive and defamed and energy affected economy the banking sector is been sufficient and strong so far.  >>>>>

Pakistan Steel Mills: Much Cry and Little Wool
Shortage of raw materials, incompetency:
PSM production drops to 25 percent
By: Mawaiz Khan Akash
The country's single largest steel producer Pakistan Steel Mills Corporation (PSMC) is facing severe raw material crisis, which has pulled down its production to about 25 percent due to low stocks of raw material, mismanagement and non-technical directors. They said that stocks of iron ore (fine) and iron ore (lamp)--basic raw material for the production of steel products--have been reduced almost to end, which has forced the management to reduce its production. Sources said that despite low stocks of raw material, the management of PSMC has not taken  >>>>>

FPCCI CONDEMNS THE MCB UNION PROTEST
The Federation of Pakistan, Chamber of Commerce and Industry (FPCCI) and the whole business community are very much perturbed over the protest by the MCB staff union outside MCB Towers and their activities, which are not only damaging the banking industry of Pakistan but also harming the image of Pakistan in the world.
It has been learnt that they are continuously interfering in the normal business activities of the bank and forcing the closure of bank branches after threatening the bank staff, and customers which is badly affecting the economic activities.
FPCCI believed that this kind of incidence will shake the confidence of foreign investors and discourage the foreign and local investment in Pakistan. The Government of Pakistan should therefore take up the matter on priority basis in order to resolve the on going dispute between MCB union and bank management at the earliest in the best interest of economy and the country.

KESC: Destruction & Agony
The Karachi Electric Supply Company continued to carry out load-shedding in various parts of the city despite availability of surplus electricity arranged through different sources. Load-shedding continues to be undertaken across the country without giving any respite to public. Daily 8 to 10 hour load-shedding is undertaken in Karachi and power is cut off for an hour after every 2-3 hours. Due to the massive load-shedding people observing fast are made to suffer significant distress and frustration while the  >>>>>

Pakistan Textile Industry Seeks Greater Interaction with India's Textile Sector
Pakistan's textile industry, represented by a large contingent of 180 exhibitors at the recent Heimtextil fair, the world's largest home-textile show, urged India to open up its market to Pakistan's textiles and use trade as a "confidence-building measure" between the two countries. Bashir Ali Mohammad, the chairman of a Karachi-based Gul Ahmed Textile Mills Ltd. and referred to as the "dean" of Pakistan's textile industry, said that he would like India, as the largest country of  >>>>>

Businessmen urge US to help promote trade
KARACHI: A majority of businessmen in Karachi are of the view that the approval of $1.5 billion non-military aid may help economy, but 'the industry is certainly more interested in trade rather than aid.' Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Sultan Ahmed Chawla said the aid would definitely create a positive impression among other countries that the US still supports Pakistan. 'But in reality, the industry does not like grants, aids and bail-out package,' he said that, adding 'If the US really wants to help Pakistan, it should open its  >>>>>

Supper Brand award for Kolson
Karachi. Recently held grand celebration of Kolson in which, Mr. Saifuddin Sattaanwala, Managing director, has been conferred with supper brand award by Mr. Masood Hashmi on behalf of FMCG Pakistan. The Chief executive officer of Kolson supper brand was also present at the occasion.

CCP's preliminary investigations: Evidence of collusion in sugar industry
Competition Commission of Pakistan (CCP) has found prima facie indications of collusive behaviour of sugar mills in the preliminary investigations, CCP Chairman Khalid Mirza said here on Friday. Speaking at a press briefing, Mirza said that we are in the middle of an investigation and the raids were conducted on the three sugar mills and the preliminary investigations found out that it smacks of irregularities in the sugar price.  >>>>>

SCB, PQFTL and FWU AG sign agreement
KARACHI: Standard Chartered Bank Pakistan has signed a strategic cooperation agreement with Pak-Qatar Family Takaful Limited, Pakistan's first Family Takaful operator, and FWU AG, a global facilitator of Banca Takaful. This agreement will lay the foundation for Standard Chartered to launch Pakistan's first Shariah compliant Bancassurance (Banca Takaful) products across its branch network. These products will provide Standard Chartered's customers with long-term savings plans specifically designed to fulfill their future financial needs. In addition, the Takaful cover will offer financial protection to families for the fulfillment of the above obligations in case the breadwinner is unable to do so due to untimely death.

SITE Association of Industry calls for representation in TDAP
Industry will not operate to its capacity and exports' and revenue targets of the country will not be achieved unless the Govt ensures un-interrupted supply of gas, electricity and water at low rates to the industry and reduce mark-up to single digit upto Dec 2009 as promised earlier.
This was stated by Acting Chairman of SITE Association of Industry Ahsan Arshad Ayub while talking to a group of reporters here on Saturday.
He said the industry is being shifted from Pakistan to other countries like Bangladesh, Sri Lanka, Malaysia because of un-attractive policies of the Govt and this calls for immediate corrective measures to stop this tendency to save the country's economy.
"Once an industry is shifted, it will not come back in a year or two. But next generations will have to sacrifice, " he said. Ahsan Ayub said that due to lack of business friendly environment, no local and foreign investors are coming forward to invest in Pakistan. If this situation continued, the country will be faced with more un-employment creating to law and order problem, and other socio-economic problems.
He regretted that no body will be ready to set up industry in Nawabshah , Nooriabad and other industrial estates in interior Sindh when SITE which is the largest industrial area of the country with more than 3,000 factories is facing shattered infrastructure and shortage of utilities like water, gas and electricity.

Local industry should be floruished, says: M. Manzoor Hussain Chairman (PSMA)
Annual Dinner of Pakistan Soap Manufacturers Association was held in a local Hotel of Karachi. On this occasion Mr. Sher Nawaz, Chief Collector of Customs (South), Mr. Fazal Qadir Qalbani, Collector of Customs Port Qasim and Mr. Saqif Saeed, Deputy Collector of Customs (Preventive) were invited as Chief Guest and Guest of Honor.  >>>>>

Dow Jones, ICIL Pakistan sign accord
KARACHI: Dow Jones and Company, News Corporation Company, has signed an agreement with ICIL Pakistan, a risk management and business training company to distribute Dow Jones Newswires, Dow Jones Anti-Corruption and Dow Jones Watchlist products in Pakistan.
Managing Director Dow Jones Mitya New announced He said, "We recognise the need to have a dedicated presence in Pakistan, which is an important strategic market for us in Asia and keeping with that, have nominated ICIL as our key partner to serve this growing market. We will be serving the real time news and information needs of individual investors and financial institutions with our newswires products as well as assist organisations to comply effectively with anti-money laundering and KYC regulations through our watchlist/anti-corruption offerings."
The Dow Jones Anti-Money Laundering services assist government and compliance professionals to curb such practices. Dow Jones Watchlist consists of politically exposed persons, heightened risk individuals and organisations, fraudsters, terrorists, money launderers, from offices of Foreign Assets Controls and Specially Designated Nationals list.
New said the watchlist comprises published news content collected by Dow Jones research team and thoroughly checked for reliability. ICIL representatives Baber Mufti and Farhan Yousuf were also present on the occasion.

LCCI OPPOSES 6% INCREASE IN POWER TARIFF
The President, Lasbela Chamber of Commerce & Industry Mr. Yakoob H. Karim in a press release issued today has expressed great concern over 6% increase in Power Tariff which may result in the collapse of industrial sector because of further increase in production cost.
He urged the government to pursue the Power Distribution Companies to improve their distribution system to curtail the 34% line losses and losses due to theft of energy instead of increasing the Power Tariff.
Chamber's Chief further said that the Electricity Tariff is already un-affordable for the common man and the raise in the Tariff would badly affect the price structure of consumable items and would create multiple problems for the people in general and for the industries in particular.
It would also affect the export-oriented industries which would not be able compete in the international markets. This state of affairs would further create un-employment due to possible closures of many industrial units and export houses.
He urged the government to immediately withdraw the 6% increase in Power Tariff to save the industrial sector from further disasters in view of not reducing the interest rates by the State Bank of Pakistan in the new Monitory Policy.

KWSB BoD yet to approve budget
KARACHI: The board of directors (BoD) of the Karachi Water and Sewerage Board has not met for 15 months and therefore it has yet to approve the board's annual budget. It is pertinent to mention that the KWSB's BoD approved the annual budget of the utility only was during the last four years and that was for the fiscal year 2008-09 when the Sindh Local Government Minister Agha Siraj Durrani was the KWSB chairman.
KWSB Vice-Chairman Haji Munawwar Ali Abbasi, who is also member of the provincial assembly, told Daily Times that although the law is silent over the subject of the meeting of BoD as no specifications regarding the time and period in this regard has been mentioned in the book of law, but it was an obligation that the BoD should have met, especially to peruse and approve the annual budget of the KWSB.
Unfortunately, it was on the pretext of being a subordinate office of the City District Government Karachi that the annual budget of the KWSB has not been presented to the BoD, and the matter has been suspended for the last 15 months, regretted Abbasi. In fact, it is the BoD that holds the responsibility to ensure smooth operations, maintenance of decorum and sorting out the liabilities in respect to revenue and expenditure balance, commented Abbasi.
It was only when the LG minister, while he held the office of the KWSB chairman, was the BoD meeting convened and the annual budget approved. The paradigm has entirely changed now as in the past, a meeting of the BoD used to be held after every three months, claimed Abbasi.
The Sindh government had issued a notification in July 5, 2008 according to which the directors of the KWSB board included the city nazim (chairman), Haji Munawwar Ali Abbasi (vice-chairman), additional chief secretary (development), LG department secretary, industries department secretary, finance department secretary, LG department special secretary, five town nazims to be selected by the chairman, Karachi Port Trust chairman, Karachi Electric Supply Company chairman, Karachi Chambers of Commerce and Industries president, KWSB managing director, Military Lands Karachi executive officer, a nominee of Defence Housing Authority chairman and Pakistan Railways, Karachi divisional superintendent. Sources in the KWSB told Daily Times that the KWSB Act 1996 implies that the BoDs should meet at least once in a three-month time.

KCCI MANAGING COMMITTEE SELECTS UNOPPOSED OFFICE BEARERS FOR YEAR 2009-2010
The Managing Committee of Karachi Chamber of Commerce & Industry, in its meeting selected unopposed Office Bearers for year 2009-2010. Mr. Abdul Majid Haji Muhammad is being selected as unopposed President, Mr. Rasheeduddin Rashid, is selected as Senior Vice President and Mr. Javed Vohra as Vice President.
The newly elected office bearers of KCCI assured that they will discharge their duties upto the entire satisfaction of KCCI members and the business community and will leave no stone unturned to achieve the objectives of the premier chamber. The newly elected Office Bearers will assume their charge in the Annual General Meeting.

KCCI urge market access to surmount Pak-Malaysia trade imbalances
"Pak-Malaysia FTA - Free Trade Agreement need revision to surmount the trade imbalances between both countries, presently the balance of trade is in favour of Malaysia which requires a narrow-down while increasing the exports to Malaysia," expressed by President, Karachi Chamber of Commerce & Industry, Abdul Majid Haji Muhammad, while addressing to the delegation of Consulate of Malaysia headed by the Consul General, Mohammad Khalid Abdul Razak.  >>>>>

Kcci established facilitation desks for utilities, investment, textile & export: Abdul Majid
President, Karachi Chamber of Commerce & Industry, Abdul Majid Haji Muhammad, in a press note, while recalling his Policy Speech on assumption of his charge as President-KCCI on 1st October, 2009, announced that establishing of Facilitation Desks to facilitate KCCI members regarding Utilities, Electricity, Gas issues, Investment, Textile & Export Affairs at KCCI with effect from 2nd October, 2009.  >>>>>

Industrial areas face massive power outages
KARACHI: Three main industrial areas out of the city's four, especially situated close to residential localities, are equally facing severe power outages which not only causing production losses but also affecting workers' efficiency. Industrialists said the efficiency of workers had been affected as they were having sleepless nights since the KESC had started long power outages in residential areas for the last few days.  >>>>>

GoP loans, NFA up M2 growth
KARACHI: The increase in net foreign assets (NFA) of the banking system and government borrowing for budgetary support resulted in additional money supply as 2 growth decline has slowed down during July 1-September 12, 2009.According to details, the M2 growth dropped by Rs37.2 billion or 0.72 per cent during the aforementioned period from a decline of Rs74.5 billion or 1.45 per cent during the  >>>>>

Kati Chairman elected
Karachi. Razzak Hasham Paracha has been elected unopposed chairman of Korangi Association of Trade & Industry (KATI) for the term 2009-10.
Najmul Arfeen and Amjadullah have been elected Vice Chairman.
It was announced in an annual general meeting held at the association's secretariat the other day.

Govt wants to give Balochistan its due rights: Ebad
KARACHI, Sindh Governor Dr Ishrat-ul-Ebad Khan has said that government wants to give Balochistan its due rights. "There is a sense of deprivation among smaller provinces but they can be given their rights by pursuing the present political path", he said while addressing the members of Federal B. Area Association of Trade and Industry at its annual dinner here Sunday night. The Governor said that business community has given support to economy even during all odds and the challenges faced to the government at present can be overcome with their cooperation. The Governor paid tributes to business community which instead of becoming afraid of growing terrorism, supported the government. On the occasion Chairman of the Association Mohammed Idrees Gaigy, Mian Zahid Hussain of Korangi Association of Trade and Industry and others also spoke.

Parekh elected SITE body chairman
KARACHI: Saleem Moosa Parekh has been elected unopposed chairman of SITE Association of Industry (SAI) while Ahsan Arshad Ayub and Shahnawaz Ishtiaq have been elected senior vice-chairman and vice-chairman respectively for the term 2009-10. The announcement was made at the 45th annual general meeting of the association held the other day. In the meeting, Engineer MA Jabbar, the outgoing chairman, was praised for accomplishing required goals and resolving the problems of the association members.

Pakistan's industry protests energy costs
Pakistani industrialists oppose the government's proposed power tariff increases.
The News Online reported that SITE Association of Trade and Industry Chairman M.A. Jabbar commented, "We reject the present faulty system of tariff determination which also includes accumulated losses. Our home-grown policies are now hostage to foreign lenders and their dictation while pushing the local industry to the wall. The industry in Pakistan is under severe pressure as utility charges are adding up to the rising cost of production."
Industrialists advocate that instead of the price increases the government should upgrade the national electrical grid and reduce line losses instead of raising utility prices, which will only further increase industrial production costs.
Industrialists criticize increasing utilities charges as a government policy dictated to Islamabad by the International Monetary Fund. According to Korangi Association of Trade and Industry Chairman Mian Zahid Hussain, power theft from the national grid is extensive, with losses estimated as running at more than $1.8 billion annually, and consequently this is where the government must ensure good management of power.

People now preferring low-cost houses in Karachi
Most people in the city now prefer low-cost housing schemes, in relatively less posh areas, to fulfill their basic housing needs rather than buying property for investment sake. The areas where low-cost housing is available are quite far from the centre of city and includes areas such as Orangi Town, Surjani Town, Gulshan-e-Tuaheed. Gulshan-e-Maymar, Quetta Town, Gulshan-e-Mehran, Gulistan-e-Kazim and Gulshan-e-Shiraz.
These housing schemes are not just easy on the pockets of the middle class, but in most cases, they can buy property there by paying easy installments, which particularly suits the salaried class.  >>>>>

Maymar Housing Scheme
A way of Living From its inception, Maymar's vision has centered around stepping away from the status quo and making quantum leaps in defining the real estate and construction landscape of the country. Maymar's projects, often considered forward-looking and revolutionary at launch, are admired for their elegance and attention to detail after completion. Beyond that, Maymar's venture into developing a township in the form of Gulshan-e-Maymar in the 1980s was in itself a bold move at that time, again emanating from its philosophy of testing uncharted waters. Maymar's core philosophy has endured the test of time, and continues to be focused on changing the future landscape of the industry it participates in. Our vision for the next five years is to become the indisputable number one development and construction company in the country, and then leverage our local expertise to start to become a formidable player in the entire region.

DHA Karachi launches another land mark project "DHA CITY KARACHI"
DHA Karachi has launched another land mark project "DHA CITY KARACHI" on Super Highway, located at 20 minutes drive from Quaid-e-Azam International Airport. Total available land in DHA City is 11640 acres out of which around 5000 acres land is being offered for allotment to various categories. For the first time the plots are also being offered to all citizens of Pakistan in open ballot on very easy 9 - 10 years payment plan.
Amenities
DHA City will have world class amenities commensurate to the need of modern living. Special areas will be earmarked for schools, hospitals, community centers and leisure clubs to avoid congestion in peak traffic timings. Prayer areas for different communities residing in Karachi have also been catered. Amusement parks, theme parks in the area will become land mark for recognition of DHA. These parks will be developed by dovetailing profile of the area, high grounds and mountainous range in the north-east to give scenic view.

APTMA to remove supply-side constraints
LAHORE: Chairman of All Pakistan Textile Mills Association (Punjab), Ejaz Gohar, has said he will launch a crash programme and ensure that supply-side constraints facing the Punjab industry are removed. He was addressing the annual general meeting of the association soon after his election as the new chairman on Wednesday.  >>>>>

Fishermen fear terror attacks
Islands community activists have expressed fears for the local fishermen as movement of unidentified people into the vicinity has been witnessed due to lack of security along the Karachi Fish Harbour (KFH). President Bona Fide Boat Owners and Fishermen Welfare Association Asif Bhatti based at Bhit Island told The News  >>>>>

SNGPL's proposal to destabilise industry'
KARACHI: Chairman FPCCI Standing Committee on CNG and vice chairman All Pakistan CNG Association (Sindh Zone), Shabbir H Sulemanjee said SNGPL's proposal to the Ministry of Petroleum to either increase the price of CNG equivalent to the price of petrol or close down 2,940 CNG stations across the country for three months from November 15 to February 15, is an effort to destabilise the industry. He said CNG stations were already paying almost 40 percent higher for the gas as compared to tariffs given to industrial and power production purposes.

Mr. Ibrahim Shamsi, Director
Mr. Ibrahim Shamsi is the Director of the Company, he has strong experience of modern management and effective control management. He is Chief Executive of Aladin Water & Amusement Park, Karachi and Joyland , Lahore and also Chariman of Cotton Web (Pvt) Limited. He is also serving his responsibilities as the Director of on the Board of Adamjee Insurance Company Limited the largest insurance company of Pakistan. By qualification Mr. Shamsi is Master of Business Administration from LUMS Lahore. He Joined Siddiqsons Tin Plate Limited Board in 1997.

Mr. Tariq Rafi, Chief Executive
Mr. Tariq Rafi is the Chief Executive of the Company, he is also serving his responsibilities as the Directors on the Board of Muslim Commercial Bank, Central Depository of Pakistan Limited (CDC), Siddiqsons Denim Mills Limited & Canvas Company of Pakistan (Pvt) Limited. Mr. Tariq possesses Young Businessmen Leader Award from Institute of Business Administration (IBA) and Best Businessmen Award for the year 1999 from Federation of Chamber of Commerce & Industries. He Joined Siddiqsons Tin Plate Limited Board since inception of the Company.

Mr. Abdullah Rafi, Chairman
Mr. Abdullah Rafi is the Chairman of the Company, he also the former chairman of APTPMA and SITE Association and has served as the Director on the Board of Karachi Electricity Supply Corporation.

(KESC), Sindh Industrial Trade Estate Limited , MCB Limited & First Leasing Corporation. He Joined Siddiqsons Tin Plate Limited Board since inception of the Company.

Mr. Sanaullah, Director
Mr. Sanaullah started his business career in the late 90s and joined the board in 2008. He has vast experience in textile and has extensively traveled to different regions of the world for sales and marketing of textile and other products. He is also a director in Siddiqsons Industries and Siddiqsons Agro and Food Ltd. He is an MBA from LUMS (Lahore University of Management Sciences) and is a member of audit committee of the company.

Mr. S. Waliullah Shah, Director
Mr. S. Waliullah Shah is Director of the Company. He is also Director on the Board of MCB Assets Management Company Limited and hold key positions in Siddiqsons Group.

Mr. Shah holds Post Graduate Economic Degree from Karachi University. He also possesses Banking Diploma from Institute of Bankers in Pakistan. He has 32 years wide experience in banking sector. He Joined the Siddiqsons Tin Plate Limited Board in 2005.

Mr. Saturo Oki, Director
Mr. Saturo Oki is a nominee Director of M/s Metal One Corporation of Japan. Company Metal One Corporation is a subsidiary company of Mitsubishi Corporation. Mr. Oki joined Steel Export Department of Mitsubishi Corp. in April, 1982 since then he has been holding key position in Mitsubishi Corporation. Presently he is dis- charging his responsibilities as General Manager, Steel International Department of M/s Steel One Corporation By qualification he is Graduate from Tokyo University. He Joined the Siddiqsons Tin Plate Limited Board in 2004.