Day: June 27, 2011

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Higher Education Commission to carry out Ranking of Universities aiming at International Compatibility: Dr. Laghari

Islamabad: Dr. Javaid R. Laghari, Chairperson, Higher Education Commission (HEC) has urged the universities to strengthen their indigenous quality culture and make wholehearted efforts to improve their international visibility.

He was addressing, through video conferencing, the focal persons of public and private universities of Balochistan, Khyber Pakhtunkhwa and Punjab on Monday, in connection with the HEC initiative to carry out quality based ranking of higher education institutions (HEIs) aiming at international compatibility, primarily based on the QS Ranking System acceptable widely across countries.

In this regard, all public and private universities of the country have been asked to provide data by July 15, 2011. The Statistical Information Unit (SIU), HEC held an orientation session for universities of three provinces on Monday while a similar session will be held for universities of Sindh and Federal area on Tuesday.

Dr. Muhammad Ismail, Director, Quality Enhancement Cell (QEC), NUST was the facilitator who shared his experiences of NUST in the context of QS ranking. Ms. Zia Batool, Director General, Quality Assurance, HEC gave the opening remarks and introduced different initiatives of HEC in the context of quality assurance.

The Chairperson said that HEC has taken various initiatives to bring HEIs of Pakistan at par with international standards. “Ranking is one of the measures to scale the success of efforts to achieve international competitiveness in education research and innovation. Since QS World Ranking is considered as one of the effective quality based ranking of HEIs at international level so HEC has desired to build the capacity of Pakistani universities to get more international visibility through reflection in international rankings including QS Ranking,” he said.

While requesting the universities to meet the deadline for provision of authentic data, Dr. Laghari said that university rankings are very important for students, parents, employers, government organizations, policy makers and other stakeholders. “The results of rankings change the context in which universities function. It is basically a self-learning and self-improving exercise which benefits the academic and research communities programmes of the country.”

“Universities which failed to provide data will be ranked zero by placing them at the bottom in the ranking list to be published through print media,” he added.

In his presentation, Dr. Ismail explained the significance of university ranking as well as various ranking systems currently prevalent around the globe, while focusing on status and process of QS Ranking through responding to queries on this ranking system.

For more information, contact:
Aayesha Ikram
Director (Media)
Higher Education Commission
Sector H-9, Islamabad
Tel: 90402404, 90402412
Email: aikram@hec.gov.pk
Website: www.hec.gov.pk

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All Inland Revenue Offices to remain open on 29th and 30th June, 2011

Islamabad: FBR has issued instructions to all Inland Revenue Offices to remain open till 9.00 pm and 11.00 pm on Wednesday 29th June and Thursday 30th June, 2011, respectively, in order to provide an opportunity to the tax payers to deposit their taxes within the fiscal year. State Bank of Pakistan has already notified that all the branches of National Bank of Pakistan will remain open till 9.00 pm to on the 29th June to 30th June, 2011 for tax collection. Likewise, all customs offices have also been directed to remain open till 9.00 pm on 29th and 30th June, 2011 to receive duty and taxes and to facilitate taxpayers.

For more information, contact:
Syeda Naureen Zahra
Secretary PR
Federal Board of Revenue (FBR)
Tel: +9251 920 8407

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Governor Khyber Pakhtunkhwa sought report on the incident that took place at the campus of the Kohat University of Science and Technology

Peshawar: The Khyber Pakhtunkhwa Governor, Barrister Masood Kausar who is also the Chancellor of the public sector universities of the province has sought report on the incident of clash that took place at the campus of the Kohat University of Science and Technology on Friday.

Taking exception of the situation, emerging in wake of the incident, the Governor contacted the Vice Chancellor, Prof. Dr. Nasser Jamal Khattak and the Commissioner Kohat, Sahibzada Anis and directed that the facts should be ascertained immediately and necessary actions shall be taken against the persons responsible for such act as well as to avoid such happening in future.

For more information, contact:
Government of Khyber Pakhtunkhwa
Tel: +9291 921 6889 (Ext 106)
Email: info@khyberpakhtunkhwa.gov.pk

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The Karachi Stock Exchange (Guarantee) Limited’s notice for participation in open bidding process for purchase of KSE membership rights /seat

Karachi: It is hereby informed that The Karachi Stock Exchange (Guarantee) Limited (KSE) is holding an open Auction for Sale of one Membership of the Exchange, which is scheduled to be held on July 12, 2011, at 3:30 PM at KSE Auditorium.

All Corporate Bodies, Financial Institutions /Banks (Local and Foreign) including eligible high-net worth individuals are invited to participate in the open bidding process. All bidders of this auction must qualify the eligibility criteria for the Exchange membership, the information and details of this criteria is available on our corporate Website: www.kse.com.pk under the sub link of “Membership”.

The reference price to start the bidding has been fixed at Rs. 50 million and all interested parties in addition to meeting the eligibility criteria for membership, are required to submit pay order equivalent to 5% of the reference price as earnest money, which will be refunded in case the bid is unsuccessful. In case of successful bid, the balance payment will have to be submitted within 10 days from the date of bidding and failing which the “Earnest money” shall be forfeited.

A written request to participate in the auction along with documents confirming to eligibility criteria for KSE membership and earnest money by pay order in favor of Karachi stock Exchange (Guarantee) Limited. Must reach the office of the Managing Director latest by July 7, 2011.

The Exchange reserves the rights to accept or reject any or all Bids without assigning any reason.

For more information, contact:
Haroon Askari
General Manager Operations
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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Indus Motor Company Limited’s appointment / change of director

Karachi: We have to inform you that Mr. Takahiro Iwase has been appointed as Director, Indus Motor Company Limited with effect from June 17, 2011 in place of Mr. Mitsuhiro Sonoda, who has resigned from the Board of Directors of the Company with effect from May 23, 2011.

For more information, contact:
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

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Crescent Jute Products Limited’s resignation/Co-Option of directorship

Karachi: We have to inform you that Mr. Mazhar Karim and Mr. Khalid Bashir Directors of our have been resigned on June 03, 2011.

We further informed that Mr. Saif Ullah and Mr. Qamar Nawaz Qureshi co-opted Directors on June 18, 2011 in place of Mr. Mazhar Karim and Mr. Khalid Bashir respectively.

For more information, contact:
Karachi Stock Exchange
Tel: +9221 111 001 122
Fax: +9221 3241 0825, +9221 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk