Corporate Corner


Investments pays first dividend

KARACHI: The four funds under management of Arif Habib Investments with collective fund size of Rs210.5 billion have paid a total interim dividend of Rs6.27 billion for the period from July 01, 2011 to September 28, 2011. Arif Habib Investments Limited announced 15 per cent dividend which translates into Rs1.5 per share on its enhanced capital of Rs720 million. The company also declared interim dividends for mutual funds under its management till the period 28th September 2011, the first 90 days of the financial year. The fixed income funds, MCB Dynamic Cash Fund and Pakistan Income Fund, having total assets under management worth Rs69.53 billion, declared 3.3774 and 1.6 per cent dividend respectively which translate into Rs3.3774 and Rs0.80 per unit. press release

General tyre imparts tyre’s
safety and service awareness

KARACHI: General Tyre is committed to produce quality tyres bringing made-in-Pakistan cars at par with international standards to provide consumers better and secure drive. This was stated by CEO GTR, Shahid Hussain, while inaugurating the training session on safety of tyres. “Tyre Care and Service” program was designed for the officials of local original equipment manufacturer (OEM), Pak Suzuki Motor company (PSMC), aiming to impart advance knowledge and technical understanding of tyre safety and service. CEO GTR, Shahid Hussain, said that tyre is an important component of a car and its compatibility with the body of vehicle signifies great importance. Tyre manufacturers play a critical role in engineering the perfect tyre for the perfect car driving, braking and overall road safety and ride. He said that GTR produced high quality tyres not only extend the life of a car but ensure safety of passengers as per international standards that has not only been approved by local assemblers but international automotive experts as well. press release

NBP earmarked
Rs158 million for flood affectees

KARACHI: NBP is always the first corporate entity to come forward and help the nation whenever a calamity hits its countrymen. National Bank of Pakistan has distributed cumulatively more than 24,750 rations bags, 2000 mosquito nets, more than 7,554 tents in all affected areas. It has also established more than 27 medical camps in which 20,690 patients have been given treatment. Due to the presence in remotest areas, NBP has been successful in reaching far flung areas of Sindh. In Hyderabad region alone NBP has distributed more than 17,450 ration bags containing ten essential items: flour, rice, pulses, sugar, milk powder, cooking oil, tea, water purification tablets, soap and short cakes sufficient for family of 6 persons for a week. The food distribution is on-going and carried out in a planned manner to benefit as many flood affectees as possible. NBP has opened a collection account number 696969 for Prime Minister’s Flood Relief Fund-2011. press release

PTCL Smart Pack extended till 31st DEC, 2011 for its valued customers

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) launched a new Smart Pack Package on September 06, 2011, which is a bundled offer of Smart TV with 256Kbps broadband data rate. With PTCL Smart Pack customers can enjoy three services on one line i.e. Landline, Broadband and Smart TV at the same time at much lower rates. The other facilities offered in Smart Pack include free Sunday calls and unlimited downloads all for Rs749 only per month. Existing customers can also benefit from Smart Pack by paying one time downgrade charges of Rs1500. This new offer will open a gateway for the PTCL customers to access PTCL Smart TV with its hundred plus digital quality TV channels, freedom to pause and rewind live TV programs, library of five hundred videos on demand, 24/7 service availability from PTCL, parental control on TV channels and video on demand, access to rich HD multimedia resources over the internet, access to free movies, music, classical Pakistani plays, famous cricket matches, educational and religious contents. SEVP Commercial Naveed Saeed stated, “PTCL gives its customers innovative strong services and sound offers with a clear strategic direction to facilitate its customers. press release

Halal products, a mark of quality
KARACHI: Sindh Board of Investment (SBI) Chairman Mr. Muhammad Zubair Motiwala while addressing as chief guest at the Halal Food Conference said, Halal certified products are viewed as a mark of quality by Muslims due to religious safeguard they provide. Currently there are 1.4 billion Muslims worldwide and we have huge market for Halal Products. He added, “The purpose of this conference is to promote better understanding of “Halal” food production and certification procedure in Thailand and to promote business cooperation and explore opportunities for joint venture in Halal Food Sector between Pakistan and Thailand”. The main aim of event was to bring Thai expertise in the country to form joint ventures with Pakistani companies. SBI Secretary Mr. Younus Dagha in his opening remarks welcomed the Thai delegation led by his Excellency Marut Jitpatima ambassador of Thailand in Pakistan, and said; Sindh Government was looking forward to prosperous collaboration with Thailand in Halal Sector. He mentioned about earlier efforts by SBI to promote Halal sector in Sindh. Director SBI in his presentation informed about the importance of Halal Sector in the global trade and highlighted the endeavour of SBI to promote Halal Sector in Sindh. Professor Jami Moiz elaborated on the untapped opportunity of Pakistan entrepreneurs in the global Halal Sector. The Thai Council General in his speech informed that his office stands committed to and would support possible joint features with Pakistani companies. He was accompanied by representatives of members of Islamic Council of Thailand Halal Science & Center and other representatives of various food and Beverage companies in Thailand. press release