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Friday, November 30, 2012
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Business digest

 

Teradata Corporation announces award nominations date

 

By our correspondent

 

KARACHI: Teradata Corporation (NYSE: TDC), the data analytic solutions company, announced that the nominations for the 11th Teradata National IT Excellence Awards are being accepted until January 1, 2013.

 

The award programme, sponsored by Teradata, has been designed to acknowledge outstanding achievements by individuals in Pakistan’s information technology community. Winners will be recognised at a gala event to be held in March 2013 in Islamabad.

 

To maintain neutrality and transparency in the nomination and evaluation process, Teradata has engaged KPMG Taseer Hadi & Co. as an independent auditor to receive and compile nominations received through the website. The firm will also work with the judges who are selected based on their expertise and leadership in education, IT, and related fields.

 

VimpelCom to invest $1bn in Pakistan

 

KARACHI: A delegation comprising senior management from VimpelCom, the parent company of Mobilink, called on Prime Minister Raja Pervez Ashraf at Prime Minister House on Thursday. The delegation was headed by Jo Lunder, Group CEO, VimpelCom who apprised Ashraf of VimpelCom’s global operations and the significance of the Pakistani market for its growth strategy, said a press statement.

 

Ashraf also discussed VimpelCom’s outlook on current operating conditions within Pakistan, and was apprised of Mobilink’s existing investment of over $3.9 billion towards consolidating its position in Pakistan’s telecom sector. The delegation informed Ashraf of plans to invest one billion dollars in Pakistan to enhance Mobilink’s nationwide mobile network.

 

The VimpelCom delegation also included Group CEO, Orascom Telecom, Ahmed Abou Doma, Chief International Affairs Officer, VimpelCom, Robert Conway, and President & CEO, Mobilink, Rashid Khan.

 

State Life to provide Rs1 million for fire victims’ families

 

KARACHI: The State Life Insurance Corporation of Pakistan (SLIC) on the directives of the Federal Minister of Commerce will provide financial assistance of Rs1 million to the fire victims’ families, according to a statement.

 

State Life Insurance Corporation’s chairman ordered an internal inquiry with reference to the fire incident in State Life’s Building No. 11, which occurred on November 28 in Karachi.

 

The inquiry committee has been directed to complete and submit its report within three days.

 

 

Four-day workshop on mango production held

 

MULTAN: Pakistan Agricultural Research Council, in collaboration with the Food and Agriculture Organisation, launched a four-day training workshop for preservation and enhancement of pollinators to achieve better mango production.

 

The workshop was held at Nawabpur under the auspices of a local NGO, Kainat Social Welfare Organisation.

 

Dr Ghulam Sarwar, while addressing the participants, stated that the preservation of pollinators could help improve mango production by 30 to 40 percent. “Honey bees are highly important pollinators,” he said. “Different techniques are being used to preserve and enhance pollinators.”

 

He observed that farmers had used sprays without opting for preventive measures, which resulted in killing of 90 percent of friendly pests as well.

 

 

‘Govt striving to complete energy projects’

 

ISLAMABAD: Chairman WAPDA, Syed Raghib Abbas Shah, said that the government was making efforts to complete some ongoing energy projects in the current financial year.

 

Talking to media personnel he said that the 121MW Allai Khawar project of would start functioning next month while the Satpara, Gomal Zam and Jabban hydro project would be completed in March.

 

Shah said that 40 percent work on the 969 MW Neelum-Jhelum hydropower project had been completed and would start generating electricity in 2016. He said that US Ambassador Richard Olson had assured that $150 million would be provided for the rehabilitation of Mangla Dam.

 

USAID would help Pakistan complete the Diamar-Bhasha Dam project, he added.

 

Shah further said that Diamar-Bhasha Dam was still the government’s top priority. He said that Pakistan was working to generate 19,000MW electricity in the next five to 10 years.

 

Establishment of Zong GSM

 

laboratory to boost telecom industry

 

ISLAMABAD: The head of National University of Sciences and Technology (NUST), Muhammad Asghar, said that the establishment of the Zong GSM laboratory at NUST would play a pivotal role in improving the standard of research in telecommunication sector.

 

“This lab would play its role in the promotion of Pak-China friendship and would be used for study and training purposes,” he said. “ZONG and Huawei’s efforts not only represent the promotion of technological education, they also symbolise the commitment of China with Pakistan.”

 

Fan Yunjun, CEO of ZONG, said that the GSM lab created by ZONG is a fundamental part of their corporate social responsibility as helping young people access quality technological education would lay the foundation for cultivating talent, which is necessary for the advancement of industry and development in Pakistan.

 

 

CIC briefed on investment opportunities

 

in Zulfikarabad project

 

ISLAMABAD: The China Investment Corporation (CIC) was briefed on the investment opportunities in Pakistan, particularly the development of the 21st century metropolis Zulfikarabad city project in Sindh.

 

“Investment in Zulfikarabad is an opportunity for the Chinese companies to have easier access to the Middle East and European

 

markets,” said Sindh Minister for Finance Syed Murad Ali Shah.

 

A high-level CIC delegation, led by its President Gao Xiqing, is visiting Pakistan to explore investment opportunities in the country.

 

Shah said that investing in various sectors of the Zulfikarabad city project would prove to be a good opportunity for the Chinese companies.

 

Earlier, Managing Director Zulfikarabad Development Authority, Lt. Gen. (retd) Iftikhar Hussain Shah said that the Sindh government was pursuing the project

 

on the directives of President Asif Ali Zardari, to develop a modern city on about 1.3 million acres of state land in the Thatta district.

 

He said that Zulfikarabad would be developed as a special economic zone, which would provide opportunities to foreign companies.

 

The city would become a regional hub for major trade and commercial activities, capitalising on opportunities of trade with Middle East, Africa, Europe and other regions.