Abu Dhabi Group Names New Management Team
From the Blog ProPakistani: Abu Dhabi Group Names New Management Team - Abu Dhabi Group Names New Management Team is a post from: ProPakistani A message, coming directly from Sheikh Nahyan bin Mubarak Al Nahyan, Chairman Abu Dhabi Group, has been sent to media, which explains the situation after ongoing changes in the group at management level. Chairman Dhabi group said that Mr. Zouhair A. Khaliq will serve as Executive Director and represent the Group on the boards of Warid Telecom, Wateen and WinCom, while Mr. Naeem Zamindar will hold the position as the CEO of Wateen and Mr. Muneer Farooqui will continue as CEO at Warid Telecom. Chairman reaffirmed the commitment to all the investments, the employees and all customers in Pakistan He maintained that there are no intentions to merge or to sell Bank Alfalah at this time. Message is as following: "As Chairman of the Abu Dhabi Group, it is my pleasure to announce the appointment of Mr. Zouhair A. Khaliq who will serve as Executive Director and represent the Group on the boards of Warid Telecom, Wateen and WinCom, while Mr. Naeem Zamindar will hold the position as the CEO of Wateen and Mr. Muneer Farooqui will continue as CEO at Warid Telecom. Both Mr. Zouhair A. Khaliq and Mr. Naeem Zamindar are visionary and competent executives and are highly qualified. Each will continue our Group's strong commitment to the Pakistani market and the people of Pakistan. They lead our efforts to enhance our operations and improve our organizational effectiveness. For us at the Abu Dhabi Group these new Business Leaders represent the next generation of senior executives whose focus will be on setting corporate strategies and policies, providing exceptional service to our customers and creating value for our shareholders in times of constant change. Their leadership will move our companies boldly into the future as an important part of the Pakistani economy. I take this opportunity to reaffirm our commitment to all my investments, the employees and all customers in Pakistan to make all Group companies among the finest institutions. Let me reaffirm as well that there is no intention to merge or to sell Bank Alfalah at this time. In this new year of 2011, our goal is to continue to improve our businesses in Pakistan, in order to strengthen and broaden our ability to serve our customers and compete successfully in the market place. Our Group is committed to providing the resources necessary for the highest quality of operations. By these appointments today we renew our commitment to the people of Pakistan that we will honor their trust with continued hard work and dedication. The Abu Dhabi Group and I have been doing business in Pakistan for many years and we look forward to being here for many years to come. We value greatly the excellent cooperation we have from our Pakistani brothers and sisters. We are inspired by the warmth, good will, and collaboration we receive at every level. We are proud of our accomplishments and for the reputation we have earned. We will also continue with our active participation in the important educational, cultural and social initiatives in the communities we serve. We are proud of our relationship with the people of Pakistan and are committed to being a model of responsible corporate behavior in this wonderful country. The appointment of these new businesses leaders today further express great confidence in our vision, in our strategies, and in our plans for the near future of our participation in the Pakistani economy. We are confident in our ability, God willing, to make this intended future reality. I conclude by extending my thanks and appreciation to all our customers for their trust and support and to all our employees for their outstanding work and their loyalty. I am confident that all of us will continue to work together to realize the great potential of our companies in the service of the people of Pakistan" Related posts: Dhabi Group in Talks with Essar for African Operations Dhabi Group Starts Newspaper, Electronic Version for now! Dhabi Group Sets up a Health Care Company in Lahore Bashir Tahir and Pervez Shahid Resign from Warid/Wateen Essar Gets Majority Stakes in Dhabi Group’s African Telecom Operations Copyright © 2010 ProPakistani.PK . Read Full Post
PTCL Etisalat Land Dispute – Under Negotiation With Provinces
From the Blog State of Telecom Industry in Pakistan: PTCL Etisalat Land Dispute – Under Negotiation With Provinces - We recently talked about the PTCL Etisalat land disputes with Government of Pakistan on the privatization deal in Telecom Talk Year in Review 2010. The government is now under negotiation with Provinces, particularly Sindh which holds the majority of the properties, to make way for $ 800 million being held by Etisalat because of land disputes. More in the below news from business recorder . The federal government is in hot water over properties' transfer issue, as provinces are demanding very high prices of the assets Pakistan is required to transfer to Etisalat of United Arab Emirates (UAE) as per revised sale purchase agreement (SPA) of Pakistan Telecommunication Company Limited (PTCL) to secure release of $800 million. Sindh, having major portion in terms of value of the properties attached with PTCL assets to be transferred to the Etisalat, is demanding Rs 39 billion whereas the federal government is estimating total value of the PTCL properties required to be transferred to Etisalat at around Rs 10 billion.Sources said the federal government has taken up the matter at the highest level and authorised the Privatisation Commission to take up the issue and solve it on top priority basis with Sindh, which holds majority of the properties attached with PTCL. A high level official delegation of Privatisation Commission is likely to meet Sindh Chief Secretary in the next couple of weeks to ask him to review the price already referred to the federal government for payment to ensure transfer of the properties to Etisalat, the buyer of 26 percent of PTCL offloaded in 2006 through a bidding process. Punjab and Sindh were the two provinces which were required to transfer majority of the properties to Etisalat and help the federal government get the money from it. Since the controversial properties required to be transferred to Etisalat as per revised agreement, fall in the provinces-mostly in Punjab and Sindh-they are asking the federal government to pay them the value of these assets at market price. "As transfer of properties attached with PTCL revised agreement is a serious issue and a reason to hold back Pakistan's huge amount of $800 million, an official of the Privatisation Commission dealing with PTCL property issue with Sindh and other provinces, said: "We are requesting the provinces, in particular Sindh government where majority of PTCL assets attached with the deal fall, that it should review its demand of charging the payment from the Centre at market price. We are asking the provincial government to charge amenity rates of the properties to pave the way for early release of held up money of PTCL deal". . Read Full Post
Motivation …… does it mean money only
From the Blog xaqubz Blog: Motivation …… does it mean money only - Organizations usually think about performance of employees and motivation, and link them directly with basic needs identifies by Maslow without thinking being logical. And here logical means without finding out facts and figures that works for the organization. Every one knows from Maslow's Theory of Hierarchy that we have basic needs and then we have safety, belonging, . Read Full Post
Martyr to the Cause
From the Blog Newsline: Martyr to the Cause - Salmaan Taseer's murder is an indicator of the growing religiosity and an extremist mindset in society. . Read Full Post
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