Corporate Corner

Turkish delegation visits World Trade Center of Al Ghurair Giga Group
ISLAMABAD – A twenty member delegation lead by members of parliament and Turkish businessman and member of Pak-Turkish business association along with the Iranian Press visited the development and construction site of Al Ghurair Giga Group at DHA Islamabad. The delegation was given a comprehensive briefing by ALGG Brig CEO S. Javed Ashraf Khan about the project. Turkish business delegation deeply appreciated the quality and progress of work and expressed desire to associate and invest in value added real estate developments of Pakistan. The project of WTC was especially seen by them as an icon and representation of resurgence of real estate in Pakistan. PRESS RELEASE

Burj organised seminar on riba free economy
KARACHI – A seminar on Riba free economy and interest free banking was held at Karachi press club on Oct 08, 2011.This seminar was organised as a collective effort by Burj-Bank, Karachi press club and some senior lawyers of Karachi. Burj Bank CEO Mr. Pervez addressed the seminar about the importance of interest free economy and the efforts of Burj Bank in spreading Islamic finance throughout Pakistan. PRESS RELEASE
Etihad revenues up by 39 per cent

LAHORE – Etihad Airways reported revenues growth of 39 per cent to $ 1.1 billion on passenger numbers up 18 per cent to 2.25 million in the airline’s strongest ever third quarter. Etihad CEO James Hogan said, ‘Despite the continuing challenges of high fuel prices and economic downturn in many of the markets in which Etihad operates, we are seeing strong growth in all our key commercial indicators’. PRESS RELEASE

Yahsat’s team visits Supernet Limited
LAHROE – Supernet Limited, Pakistan’s leading corporate data network, has been selected by UAE based satellite operator, ‘YAHSAT’ as one of the two national service partners to provide YahClick service in Pakistan. PRESS RELEASE

ACCA Pakistan trains career advisors
ISLAMABAD – ACCA Pakistan recently organised a series of career counseling workshops for teachers and student advisors in Islamabad, Lahore and Karachi. ACCA recognises the integral role career guidance plays in helping students identify their natural talents in order to pursue a career promising them professional success. The workshops were based on the concept that the best career exploration and job search strategies capitalise on the natural strengths of an individual’s Personality and Behavioral Style. The workshop was attended by 82 participants from leading schools, colleges, universities and ACCA tuition providers. PRESS RELEASE

Malik Riaz inaugurates BARM trust hospital
LAHORE – Chairman Bahria town Mr Malik Riaz Hussain inaugurated Begum Akhtar Rukhsana Memorial Trust Hospital. He said, “This hospital is one of the most modern hospitals in the Country having state of the art facilities. We are committed in providing latest and most innovative healthcare facilities under the supervision of highly qualified doctors, to the residents of Bahria Town.” PRESS RELEASE

British Council organises career counseling workshops
KARACHI – Cultivating the opportunities for getting education and employment all over the globe, the British Council Pakistan launched interactive mentoring sessions for exploring international education and career opportunities in various colleges and universities of Karachi. Titled as, “Opening Doors, Creating Opportunities” the informative discussion panel was comprised of experienced Youth Mentors and Youth Icons from various walks of life. PRESS RELEASE

Indus Motor announces dividend
KARACHI – Indus Motor Company Ltd. has announced cash dividend of Rs10 per share for the year ended June 30, 2011 after audited accounts were approved in the 22nd Annual General Meeting. Indus Motor Company, interim dividend of Rs5 per share was given earlier making the total dividend paid during FY2010-11 Rs15 per share. PRESS RELEASE

Citi appointed as financial advisor for block VI of Thar Coal
KARACHI – The Directors of Oracle Coalfields PLC appointed Citi as the financial advisor for the development of its RS1.4 billion flagship coal resource project in the south-eastern desert of the Sindh Province, Pakistan. Oracle Coalfields CEO Shahrukh Khan said, ‘After careful consideration and having looked at a number of international banks, we are delighted to appoint Citi as financial advisor for the project.” PRESS RELEASE