PTCL announces result for Oct to Dec quarter

KARACHI: Net profit of Pakistan Telecommunication Company Limited (PTCL) stood at Rs1.94 billion during October to December 2010 compared with Rs2.78 billion recorded in the same period last year.

PTCL, the largest broadband service provider, announced its financial results for the second quarter (October to December 2010) of fiscal 2011 on Thursday, according to a notice sent to the Karachi Stock Exchange.

“We remained focused on our strategy of positioning PTCL as a leading integrated telecom company, providing multiple solutions to business and household market segments and extending vital services to other telecom operators in the country,” said PTCL President Walid Irshaid while commenting on the results in a press release.

The company’s revenue fell seven per cent to Rs13.8 billion in the period under review compared with Rs14.95 billion in the same period last year.

Intense competition in the telecom sector continues to impact PTCL’s topline growth, said BMA Capital analyst Sana Bawani in a research note.

Income from non-core operations rose 15 per cent to Rs1.29 billion on the back of higher interest income on loans to a subsidiary and returns from investments in government papers.

Outlook

PTCL recently launched new landline packages aimed at customers with different telephony needs offering on-net minutes bundles and a monthly charge. However, these would be free of any line rent from subscribers, Bawani added.

Additionally, PTCL has completely revamped its broadband entertainment portal ‘PTCL Buzz’ to attract a larger client base. Also, the company has launched data centres in Karachi and Lahore for corporate and small to mid-sized enterprise (SME) customers.

The highlight

One of the major highlights of the first half of the current financial year was the launch of IMEWE submarine cable — a 13,000-kilometre fibre optic submarine cable travelling through three continents to interconnect South Asia to Western Europe, according to the company press release.

IMEWE along with PTCL’s previous two submarine cables namely SMW3 and SMW4 holds the status of a backbone for the country’s telecommunication infrastructure, the release added.

djuice triggers ‘Khamoshi Ka Boycott’

Telenor Pakistan has announced its new philosophy towards its youth brand ‘djuice’ to reaffirm its commitment to the young people of Pakistan. The company announced the brand’s new philosophy through an unveiling event in Karachi today. Shahzad Roy represented djuice as Brand Ambassador. The event was attended by university students and representatives of the Youth Parliament. The new philosophy, which empowers young people to speak out and take action against social injustices, comes with the tagline ‘Khamoshi ka Boycott’. The event comprised the unveiling of the new identity of the brand and a discussion among the audience on speaking out about the social problems they see in their everyday lives. Speaking on the occasion Chief Marketing Officer Telenor Pakistan Aamir Ibrahim said: “More than half of Pakistan’s population consists of youth, who are talented, intelligent and aware of their surroundings. Now all the youth need is direction, a means to speak out and raise their voice against social injustices. Through djuice’s ‘Khamoshi Ka Boycott’, we aim to do just that.” Shahzad Roy and Mahira Khan have been named as djuice Brand Ambassadors. Speaking about his association with djuice, Shahzad Roy said: “Silence against wrong only increases frustration among nations. As the country’s youth, we are responsible for pointing out the wrongs that are prevalent in our society. We must realize that we cannot remain silent. We must speak up. I have done this through my music and my efforts towards education in the country. Now I want this to be taken up by all of you. Djuice can become a means for you to speak out.” In a video message to the event’s audience, Mahira said: “What excites me about the project is that it’s a pro-social campaign. I like the people I am working with and they have assured me that it’s not just a commercial it’s going to be much more than this. Which is why I want to be a part of it. I like Khamoshi Ka Boycott. It’s something we need to do.” Djuice is the world’s largest youth mobile brand and is spread across six countries. In Pakistan it was launched in 2006. Being the premier youth mobile brand in Pakistan, it is the choice of millions of young people across the country.

NetSol revenue increases to Rs549 million

NetSol Technologies Limited, Pakistan on Saturday announcing the financial results for the second quarter of 2010/11, said its revenues increased by 18.3 percent over the second quarter of 2009/10 to Rs549 million.

Gross profit rose by 63.5 percent of revenues during the quarter ended December 31, net income slightly decreased due to the loss on revaluation of foreign currency transaction, the company said in a statement.

NetSol Pakistan’s gross profit rose to Rs349 million during the period under review, as compared with Rs294 million reported in the same period last year. Cost of sales slightly reduced to 36.5 percent of revenue against 36.8 percent last year. As a result, gross margin improved to 63.5 percent from 63 percent in the corresponding period of last fiscal.

The company posted net profit of Rs193.8 million as compared with Rs205 million a year ago. Consolidated diluted earnings per share of the company were 2.37 rupees as against 57 rupees per share reported in the corresponding period of 2009/10. Main reason of this slight decline in earnings is the loss on revaluation of foreign currency.

“We are pleased to announce that NetSol Pakistan closed several significant deals in the captive finance sector of Asia-Pacific region this quarter,” said NetSol Pakistan Chairman Salim Ghauri.

wi-tribe broadband now in Faislabad

wi-tribe, recognized as Pakistan’s No.1 broadband company for service quality, has launched services in Faisalabad, its 5^th city of operations. After launching services in Karachi, Lahore, Islamabad & Rawalpindi, now the residents of Faisalabad can too enjoy a superior broadband experience.

With an aim to enhance online access for both personal and business use, wi-tribe is focused towards expanding its quality-driven network, in line with a strategic plan to provide an affordable range of broadband services to more customers in all their cities of operation.

While talking about wi-tribe’s expansion in Pakistan, VP Sales & Marketing; Wahib Aslam said, “We are really excited about introducing our services to Faisalabad and take this opportunity to invite the local community to join the tribe. We look forward to our customers benefiting from wi-tribe’s diverse package and promotion offerings, along with a superior broadband experience. It is evident that any country’s literacy and GDP are significantly tied to online access, which will only improve the opportunities for wi-tribe’s community.”

According to PTA’s Quality of Service survey, wi-tribe is Pakistan’s youngest, yet fastest growing, broadband company, with an aim to continue setting new standards. wi-tribe’s planned expansion in Pakistan is proof of their commitment to contribute towards sustained growth in the country, with the belief that consumers are ready to embrace access to high-speed connectivity.

Telenor Pakistan crosses 25 million subscriber mark

ISLAMABAD, February 15, 2011: Telenor Pakistan announced today that the company's customer base has crossed 25 million subscribers. The country's second largest mobile operator grew in 2009-10 by adding subscribers at a rate of 14%, the highest in the telecom industry for the year. Speaking about the landmark, Aamir Ibrahim, Chief Marketing Officer, Telenor Pakistan, said: “With our strong people-focused culture, which is our core strength, and a wide distribution network, we are set to take on new challenges and reach new heights. Telenor Pakistan has the vision of becoming more than a telecommunication business, an example of this is easypaisa, our mobile banking service, which is helping to serve the unbanked population of Pakistan. We are grateful to and congratulate our stakeholders and our partners in the telecom industry and the government whose support has been vital in our achieving this milestone.” Telenor Pakistan is the country’s largest European investor, having brought in more than USD2 billion worth of investment. In 2010 it won the Best Place to Work Award from Pakistan Society of HR Management & Engage Human Resources; Telenor easypaisa was recognized as the Best Mobile Money Transfer Entrant of the Year at the world’s first Mobile Money Transfer Awards for its diverse suite of mobile banking services. About Telenor Pakistan Telenor Pakistan is a provider of high quality telecommunication services in Pakistan. Telenor Pakistan acquired its GSM license in 2004 and launched its services in 2005. Currently, Telenor Pakistan has 25 million subscribers, a nationwide network encompassing 8,000 plus cities and 2,500 employees. Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia.

Telenor Pakistan announces implementation of Karo Mumkin projects

ISLAMABAD, February 10, 2011: Telenor Pakistan has announced the next phase of its ‘Karo Mumkin’ initiative. The two winning ideas that emerged from the recently concluded campaign will now be turned into projects and launched later this year. Telenor Pakistan’s Karo Mumkin initiative aims at helping people realize possibilities. At a press conference held at Telenor Pakistan’s head office, the two winners shared details of their projects. Fariha Ambreen spoke about her project 'Recycle Paper to Provide Notebooks to Schools for Under Privileged Children' while Abdul Haq Mohiuddin gave details about his project 'Donate Rs100 from your Monthly Salary to Make Education Possible for Street Children'. The two will work with project consultants and auditors Earnest & Young. Talking about the Karo Mumkin projects, Usman Javaid, Director Marketing Telenor Pakistan said: “Telenor Pakistan is providing the funds, the means and the tools needed for the projects to reach completion with the confidence that they will benefit the people of Pakistan. It has been a fulfilling journey and I am sure the spirit will inspire others to launch similar initiatives.” Fariha Ambreen, one of the project owners, said: “It has been a gratifying experience to work on the project with Telenor Pakistan. I am in talks with 50-plus organizations which will become collection points for waste paper; I have already spoken with a premium packaging company in Lahore to convert the waste paper into notebooks. I am now looking at schools where the notebooks will be provided. I am excited at being able to turn my idea in reality. Although we have not reached our destination yet but we are certainly on our way.” Abdul Haq Mohiuddin, the other project owner, said: “With Telenor Pakistan's help and the project management consultants, I have been able to turn my idea into reality. I plan to launch a website to help people donate online and through easypaisa services. Considering that on an average 1800 students graduate from a university every year, imagine the possibilities if they would donate just Rs100 from their monthly salary for this cause.” To implement their ideas, the two winners will establish NGO’s with the names ‘Sabz’ and ‘Edvolution’. The hope is that these eventually become self-sustaining. Telenor Pakistan representatives will act as advisory members on the Board of Trustees. Telenor Pakistan's Karo Mumkin show began airing in July 2010 and was designed to enable people to turn a patriotic idea into reality. The Karo Mumkin show asked audiences to send in their ideas by responding to the question ‘Where Do You See Pakistan in the Future?’ Over 24,000 ideas were received of which two were selected by a jury panel. About Telenor Pakistan Telenor Pakistan is a provider of high quality telecommunication services in Pakistan. Telenor Pakistan acquired its GSM license in 2004 and launched its services in 2005. Currently, Telenor Pakistan has 24.7 million subscribers, a nationwide network encompassing 8,000 plus cities and 2,500 employees. Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia.

Telenor Pakistan announces solid financial results for Q4 2010

SLAMABAD, February 8, 2011: Telenor Pakistan has announced results for the fourth quarter of 2010. Pakistan’s second largest cellular company continued to out-perform the industry by registering above average growth. At the end of Q4 2010, the number of subscribers reached 24.7 million, showing a year-on-year growth of 10%. EBITDA margin has remained strong in the quarter, growing by 9% as compared to the same period last year. The year closed with Telenor Pakistan retaining its subscriber market share of 24.5%.

Jon Eddy Abdullah, CEO Telenor Pakistan while commenting on the results said:

“I am pleased to share Telenor Pakistan’s latest financial results. These show sustained growth both in the last quarter of 2010 and throughout the year. Telenor Pakistan continues to show solid performance in the face of a number of challenges such as the widespread floods, power shortages and the security situation. For 2011, we look up to the government to rationalize the taxation structure for the telecom sector to ensure the industry continues to contribute long-term to the economy of Pakistan.”

In the previous quarter, Telenor Pakistan along with its partner Tameer Microfinance Bank received global recognition for easypaisa when they were presented the ‘Best Mobile Money Transfer Entrant of the Year Award’. Easypaisa was pitted against some of the leading mobile financial service providers in the world, such as Vodafone and Safaricom, and outshone mobile operators Grameenphone, Banglalink and Vodafone to become the winner. Also in the previous quarter, as part of its Khuddar Pakistan Corporate Responsibility initiative, Telenor Pakistan organized the First National Virtual Leadership Conference on International Day of Persons with Disabilities in which disability leaders called for the ratification of the United Nations Convention on the Rights of Persons with Disabilities.

About Telenor Pakistan

Telenor Pakistan is a provider of high quality telecommunication services in Pakistan. Telenor Pakistan acquired its GSM license in 2004 and launched its services in 2005. Currently, Telenor Pakistan has 24.7 million subscribers, a nationwide network encompassing 8,000 plus cities and 2,500 employees. Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia.

PTCL continues “PTCL Bonanza Thrill” for its customers

Islamabad: Pakistan Telecommunication Company LTD (PTCL) as a result of massive encouraging response from its valued customers towards its ‘new year bonanza launch’ last month, has continued a countrywide exciting package “PTCL Bonanza Thrill” which has especially been designed to encourage the existing and potential PSTN and Vfone subscribers.

This limited time offer is applicable to all PTCL landline and Vfone customers from 1^st February till 28^th February, 2011. With this bonanza thrill offer the PTCL customers can call from PTCL landline or vfone to Ufone, PTCL landline (local and NWD) and to Vfone (local and NWD) between 8pm to 8 am which will be charged for only first three (3) minutes and the remaining duration of the call will be free.

Naveed Saeed, SEVP Commercial has said that PTCL has always provided the best packages and promotions to its customers and this particular promotion will enable customers to make longer duration calls to their loved ones without worrying about the bill. He further added that PTCL has always strived to provide its customers with the best and most affordable services. And the new packages will not only reinforce PTCL image as a customer centric organization but will also encourage the usage of landline among our customers. Importance of which can not be undermined even in a cellular oriented era.

By introducing these new packages, PTCL intends to address its customer’s needs in the most effective and budget-conscious manner and in future as well PTCL will keep on introducing more such offers to facilitate its users.

PTCL, DUHS Enter Strategic Partnership

PTCL will provide optical fibre connectivity to Dow Medical College (DMC), Sindh Medical College (SMC) and OJHA Institute of Chest Diseases (OICD) for integrating the academic and research processes.

PTCL further aspires to equip DUHS with its state of the art data centre services, video conference and

wireless broadband services. Recently, PTCL and DUHS signed an agreement for the provisioning of wireless broadband (EVO) to facilitate DUHS faculty members, employees and enthusiastic students in their communication and connectivity needs.

DUHS is the oldest medical college in Sindh and the second oldest in the country. It serves as an umbrella for Dow Medial College (DMC), Sindh Medical College (SMC), Dr. Ishrat ul Ebad Khan Institute of Oral Sciences (DIKIOHS), OJHA Institute of Chest Diseases and many others. It has introduced teaching and learning methodology which facilitates students to become skilled lifelong learners.

DUHS strives for its students to develop better communication skills to communicate with their patients and prepare its students for a meritorious professional career.

PTCL, the largest telecommunication service provider in the country is pleased to provide this prestigious educational giant with its intercampus leased data connectivity services. These services offer secure, reliable and integrated end to end domestic connectivity solutions to cater R&D and academic purposes of DUHS.

Jon Eddy Abdullah appointed new CEO of DTAC

Telenor Pakistan today announced that its CEO, Jon Eddy Abdullah, is set to leave the company on March 1st. Jon has been appointed CEO of the Telenor Group's Thai mobile operator Dtac.

 

"I am very pleased with Jon's achievements as CEO of Telenor Pakistan. Under his leadership the company has strengthened its position as a leading mobile operator, launched several innovative services like easypaisa, and taken a clear position on corporate responsibility", said Sigve Brekke, Executive Vice President of Telenor Group, and head of Telenor's Asian Operations. "I am excited that the Telenor Group will continue to benefit from his vast telecommunication experience and his knowledge about Asia in another of our Asian markets". 

"Even though I am thrilled to take up new challenges, I have to admit that leaving Telenor Pakistan will not be easy. My period here has been very rewarding, and I will take many fond memories with me. In Telenor Pakistan I have had the privilege of working with a highly qualified and dedicated team that has continuously focused on developing services that benefit our customers. The company has experienced fantastic growth since it was established in 2005, and I believe it is well positioned for the future", said Jon Eddy Abdullah 

Telenor Group is a global provider of communication services with operations in 12 markets. In Asia the Telenor Group has more than 95 million customers, and operations in Bangladesh, India, Malaysia, Pakistan and Thailand. Jon has been CEO of Telenor Pakistan since August 2008. 

Jon will succeed Tore Johnsen who has been appointed new CEO of Grameenphone, the leading mobile operator in Bangladesh. Tore Johnsen previously served as CEO of Telenor Pakistan. 

Telenor Pakistan has already started the process of finding a new Chief Executive Officer to succeed Jon. 

UET mulling to set up Chair on Telecommunication

University of Engineering and Technology (UET) Taxila is mulling to set up Chair on Telecommunications and institute of telecom research with plans to start masters and doctorate programmes in telecom regulations. This was said by Vice Chancellor UET Professor Dr. Muhammed Abbas Chaudhary on Saturday while signing a Memorandum of Understanding (MoU) with Pakistan Telecommunication Authority (PTA), PTA has continued its efforts to promote research and development activities in the field of telecom and education sector. The focus on telecom research and academics has been emphasized in the educational sector owing to towering telecom industry of the country.

One after another it has signed Memorandum of Understanding (MoU) with different leading universities of the country to bride the gap between industry and academics in the country. This is the third MoU signed between PTA and any university. Similar understanding exists with COMSATS and NUST.

The MoU would be valid for (five) 5 years and would be renewed on completion. Its main objectives are to support research activities and to equip future leadership with theoretical and practical training in policy and regulatory issues of telecom sector. It is expected that the related organizations would benefit from this collaboration as young experts would be conducting research in the relevant fields of telecom with guidance of the faculty and PTA.

PTA would provide data on telecom sector and expertise to UET Taxila, reciprocally the University would encourage its students to undertake research in different areas of telecom sector. 

Under the MoU, PTA would help UET in identification of research areas. Similarly, UET would cooperate with PTA on different issues of trade, business and economy related to telecom sector, Chairman Dr Muhammad Yaseen said.

PTA has been working continuously towards encouragement of research activities in telecom sector. Being an academia friendly organization it has taken initiatives to establish strong linkages with educational institutions for the promotion of telecom research. Research on regulatory issues, challenges and transfer of new technologies in local sector is likely to help the regulator and the policy makers.

The initiatives include PTA Gold Medal Scheme, Essay Competition on World Telecom Day and cash prizes for best research project competition and SMS-based Information System for educational institutions.

Ufone celebrated its 10th anniversary with great fervor

Ufone celebrated its 10^th anniversary on 29^thJanuary with great fervor. This day is memorable for all as 10 years ago the launch of Ufone was the dawn of a revolution within the telecom industry. Ufone started out as a service for the masses and it pushed to remove the perception and reality that cellular services were only for the elite in the country. Today cellular services are enjoyed by people from every walk of life which has been made a reality thanks to the promise that Ufone once made to the people of Pakistan and has fulfilled that promise through this journey of 10 years. Over the last decade the telecom industry has seen fierce competition with an exceptional decrease in tariffs, a major focus on value added and customer services in which Ufone has taken the lead.  

Ufone has shown vast growth and endurance throughout, even though with the intense competition; the organization has shown great reverence with its increase in revenue and has always remained profitable. In 2009 -2010 Ufone led the market with the highest revenue growth in cellular industry (source PTA).

Over the last few years the world has witnessed one of the worst global recessions during which downsizing was one of the major cost cutting techniques used by organizations, On the other hand Ufone stood out by not following the trend and instead motivated and acknowledged its employees by giving more financial benefits and focused on growth in all business areas with a major focus on corporate social responsibility and has always come out to help the people of Pakistan through testing times.

Mr Abdul Aziz CEO Ufone speaking at this auspicious occasion said: This is indeed an emotional moment for me as 10 years ago I was part of a very small but highly committed and focused group of individuals who helped start Ufone. “We stand tall today in the market because of our incredible service orientation, and a great team spirit that did not fade out due to time; it only grew stronger. From the day that we launched till now, we as an organization value the essence of our corporate mission and vision of Becoming the Best Cellular Option Available for U!”. Ufone has surely come a long way and today is one of the most aggressive and competitive telecom companies in the country. I would like to thank our family of more than 20 million customers our strategic partners and thousands of Ufone employees around the country for helping make Ufone the driving force that it is today. I would like to add, for Ufone “Success is a journey, not a destination!”

PTA denies its role in BB service suspension

Pakistan Telecommunication Authority (PTA) has denied that it directed mobile service providers to discontinue Blackberry Services to foreign diplomats. 

In response to a story carried in a section of media regarding the suspension of Blackberry services to foreign missions, it has shown its indifference whatever the mobile service providers were saying.

Operators have been advised to continue providing Blackberry Services to the users, an official PTA statement mentioned.

Cellular operators have said that PTA decided to withdraw its decision to cut the telephony services to foreign diplomats on BB.

“It has issued a letter to us a day earlier and asked to stop services to diplomats’ officials forthwith but they directed us to resume the services to them on the next day, an official of the mobile phone operator said on the condition of anonymity.

Warid Congratulates PTA and Telecom Industry on Achieving 100m Subscriber Mark

Warid Telecom congratulates Pakistan Telecom Authority (PTA) and the telecom Industry of Pakistan for achieving the milestone of one hundred million mobile subscribers. More than 61% of population and over 92% of land area is now covered by cellular services. Being part of this great achievement and phenomenal success, Warid Telecom reinforces its commitment towards business excellence. Being a consumer-centric company Warid ensures to serve its valuable customers with delighting customer care, exceptional network quality and innovative products and services.

While commenting on the achievement Mr. Muneer Farooqui, CEO Warid Telecom said “PTA has been very conducive and progressive since its inception. The mobile sector growth has been extraordinary and this sector has become a model for other countries across the world. Telecom Industry has largely benefited from the initiatives taken by PTA such as the deregulation of international gateways and mobile number portability which helped grow teledensity. I am very optimistic about Telecom industry of Pakistan and wish PTA and all the industry stakeholders a great success in future”.

With the end of 2010 Warid completes its five and half years of successful business operations in Pakistan. The company sets the highest standards of business excellence and secured over 17 million satisfied subscribers with a market share of about 17% and a network coverage in 6800 destinations, servicing 550 cities including Azad Kashmir and Northern Areas of Pakistan. With the substantial market share, a strong brand repute, loyal subscriber base and the recognition as the most trusted cellular service, Warid Telecom continues to set excellence benchmarks in the telecom Industry of Pakistan.

Christian Albech appointed as CEO of Telenor Pakistan

Telenor Pakistan today announced that its Board of Directors has appointed Mr. Christian Albech as the company’s new Chief Executive Officer (CEO). Christian will succeed Mr. Jon Eddy Abdullah from March 1^st 2011.

“The Board of Directors is very pleased to appoint Christian Albech as Telenor Pakistan’s new CEO. His extensive management experience and ability to drive innovation and deliver results will be a great benefit for the company. We are confident that Christian has the right qualifications to further develop an already successful company,” said Hilde Tonne, Chairman of the Board of Telenor Pakistan, and Deputy Head Telenor Group Asia Region.

Christian Albech has substantial experience from executive positions in the communication and media industry.  He comes from the position as CEO of Telenor Broadcast, where he has been responsible for Telenor Group’s portfolio of broadcast operations – Canal Digital, Telenor Satellite Broadcasting, Norkring and Conax. At the end of third quarter 2010, these operations represented 9 percent of Telenor Group’s total revenues. 

In his career, Christian Albech has been central in establishing and developing the Nordic pay-TV market. As CEO of CTV he was responsible for rolling out some of Norway’s first cable TV networks. More recently he has been heading the leading Nordic TV distributor Canal Digital, driving the transition from analogue TV to digital TV, the introduction of HDTV, the introduction of mobile TV and several new innovative products and advanced TV services. Mr. Albech also has extensive experience from serving on the board of directors of numerous national and international companies.

“I have always appreciated new challenges, and I am therefore very pleased to be offered the opportunity to head Telenor Pakistan. Telenor Pakistan has proven itself as one of the Telenor Group’s most successful operations. I bring with me a forward leaning, goal-oriented approach and a strong customer focus, and I am looking forward to start working with the Telenor Pakistan team of highly skilled employees”, said Christian Albech.  

Christian Albech will succeed Jon Eddy Abdullah, who has been appointed new CEO of the Telenor Group’s Thai mobile operator, dtac. Jon has been CEO of Telenor Pakistan since 2008.

KHUSHHALI BANK LOWERS ITS OPERATING COST BY DEPLOYING ORACLE HUMAN CAPITAL MANAGEMENT

Khushhali bank , Pakistan’s premiere microfinance bank, has successfully deployed Oracle Human Capital Management enabling its HR Department to expedite the recruitment process and evaluation of its staff performance. 

Khushhalibank has replaced a range of legacy standalone third party and in-house developed applications across various branches with Oracle Human Capital Management, a component of the Oracle E-Business Suite Release 12, enabling the management to organize HR system while making some of the manual processes completely paper free. 

“Prior to deploying Oracle Human Capital Management, our managers had to perform several HR tasks manually or using standalone systems which made it hard for them to maintain and process HR information,” said Ghalib Nishtar, President Khushhali bank. 

“With the unified view of integrated HR information, we are able to assess even individual attributes such as compensation, performance, learning competencies and benefits enabling us to get the most out of our workforce while spending minimum time and effort,” he added. 

The Oracle E-Business Suite Release 12 provides organizations of all sizes, across all industries the ability to reduce costs and increase productivity through a portfolio of rapid value solutions, integrated business processes and industry-focused solutions. 

“Organizations across the globe have been relying on Oracle Applications to have an integrated platform to address growing needs of businesses.” said Ahsen Javed, Managing Director, Oracle Pakistan and SAGE W. 

“Our Award-winning solution - Oracle Human Capital Management has enabled Khushhali bank to keep employees’ information accurate and accessible and use the resources efficiently while reducing the cost to help the bank maintain a prominent place in the industry,” he added.

Christian Albech appointed as CEO of Telenor Pakistan

(Islamabad, February 1st 2011) Telenor Pakistan today announced that its Board of Directors has appointed Mr. Christian Albech as the company’s new Chief Executive Officer (CEO). Christian will succeed Mr. Jon Eddy Abdullah from March 1st 2011. “The Board of Directors is very pleased to appoint Christian Albech as Telenor Pakistan’s new CEO. His extensive management experience and ability to drive innovation and deliver results will be a great benefit for the company. We are confident that Christian has the right qualifications to further develop an already successful company,” said Hilde Tonne, Chairman of the Board of Telenor Pakistan, and Deputy Head Telenor Group Asia Region. Christian Albech has substantial experience from executive positions in the communication and media industry. He comes from the position as CEO of Telenor Broadcast, where he has been responsible for Telenor Group’s portfolio of broadcast operations - Canal Digital, Telenor Satellite Broadcasting, Norkring and Conax. At the end of third quarter 2010, these operations represented 9 percent of Telenor Group’s total revenues. In his career, Christian Albech has been central in establishing and developing the Nordic pay-TV market. As CEO of CTV he was responsible for rolling out some of Norway’s first cable TV networks. More recently he has been heading the leading Nordic TV distributor Canal Digital, driving the transition from analogue TV to digital TV, the introduction of HDTV, the introduction of mobile TV and several new innovative products and advanced TV services. Mr. Albech also has extensive experience from serving on the board of directors of numerous national and international companies. ”I have always appreciated new challenges, and I am therefore very pleased to be offered the opportunity to head Telenor Pakistan. Telenor Pakistan has proven itself as one of the Telenor Group’s most successful operations. I bring with me a forward leaning, goal-oriented approach and a strong customer focus, and I am looking forward to start working with the Telenor Pakistan team of highly skilled employees”, said Christian Albech. Christian Albech will succeed Jon Eddy Abdullah, who has been appointed new CEO of the Telenor Group’s Thai mobile operator, dtac. Jon has been CEO of Telenor Pakistan since 2008. About Telenor Pakistan Telenor Pakistan is a provider of high quality telecommunication services in Pakistan. Telenor Pakistan acquired its GSM license in 2004 and launched its services in 2005. Currently, Telenor Pakistan has 23.84 million subscribers, a nationwide network encompassing 8,000 plus cities and 2,500 employees. Telenor Pakistan is 100% owned by Telenor ASA and adds on to its operations in Asia. Contact information Affan Haider Manager Corporate Communications and Responsibility