Dec 18
Pakistan Beverages Limited, one of the largest bottlers of Pepsi Cola International products in Pakistan, has entered into a technology agreement to deploy SAP’s ERP software at Pakistan Beverages Limited. Virtual Matrix Synergies (VMS), a SAP implementation partner in Pakistan, will oversee the implementation process.
Mr. Siraj Kassim Teli, Director Pakistan Beverage Limited, Adnan Bashir Khan – CEO (Virtual Matrix Synergies) and Mr. Sajjad Syed, Head, SAP Pakistan, signed the agreement on behalf of their respective organizations.
With the new SAP ERP, Pakistan Beverages is able to automate and streamline its operational processes. SAP ERP also helps the company improve on productivity with a role-base solution and centralized information. The end-to-end management capability of the SAP ERP will allow for more informed decision making in view of the company’s overall requirements, as well as the needs and responsibilities of the various business units.
- Pakistan Beverages Limited Inks Technology Agreement with SAP
Speaking at the agreement signing ceremony Mr. Siraj Kassim Teli said: “Implementation of SAP is another step towards creating a highly efficient organization through a strong technology infrastructure. As we increase the breadth and scale of our service capabilities, provide a differentiated integrated offering and secure the benefits of greater internal collaboration, our organizational structure needs to evolve. Primarily to ensure both scalability and sustainability whilst, at the same times continuing to facilitate the entrepreneurial drive, commercial innovation, and individual commitment that has brought Pakistan Beverage Limited to where it is today. We have been focusing in particular, on the development of initiatives and solutions that will support our workforce growth adding robustness to internal support systems and delivering efficiency gains which underpin further growth.” Continue reading »
Tagged with: Business • News
Oct 05
Zong the fastest growing Mobile Telecom Company in Pakistan launches ZONG Entrepreneur Program for students, an earning opportunity for students. Most educational institutes in Pakistan would be a part of this program through the appointment of ZONG’s Ambassadors, specifically in cities where Customer Service Centers are operational.
Students who want to join this program must have sufficient knowledge about Zong’s products and services (and that will be quite easy for any one, you just have to spend some time on internet and gather all the information about the product and services of Zong ). The main work is that they will bring users from other networks to Zong ( through MNP), or by activating new connection and by giving recharge services to existing Zong customers through Zong mini load. Sims will be delivered free of cost to the incoming MNP Zong users.
According to Zong’s Official Website:
For the first time in Pakistan ZONG has established a concrete earning opportunity for students. Most educational institutes in Pakistan would be a part of this program through the appointment of ZONG’s Ambassadors, specifically in cities where Customer Service Centers are operational. These ambassadors will have sufficient knowledge about Zong and all of its products and will create awareness among the students by not only offering them to migrate to Zong’s network but also by offering different products like New Activation or recharging a currently owned Zong connection. These Ambassadors will become a part of the Zong Family with only a small deposit of Rs. 1000. In return of which they will get one free gold number, a telesales Sim through which they will perform Zong Sales, 5 Zong Sims and a Miniload worth Rs. 600 (The stated items are worth Rs.1500). In addition, this ambassadorship will add great value to their Resume as this would give them hands on sales experience.
To become ambassadors of this Zong entrepreneur program Continue reading »
Tagged with: Business • Pakistan • Telecom
Jun 08
Economic news remains focused on banks and housing, while the threat mounts to the US dollar from massive federal budget deficits in fiscal years 2009 and 2010.
Earlier this year the dollar’s exchange value rose against currencies, such as the euro. UK pound, and Swiss franc, against which the dollar had been steadily falling. The dollar’s rise made US policymakers complacent, even though the rise was due to flight from over-leveraged financial instruments and falling stock markets into “safe” Treasuries. Since April, however, the dollar has steadily declined as investors and foreign central banks realize that the massive federal budget deficits are likely to be monetized.
What happens to the dollar will be the key driver of what lies ahead. The likely scenario could be nasty. Continue reading »
Tagged with: Business • Economy • News
Jun 05
Robert Wenzel (Global Research)
The Fed can of course print money to buy up every Treasury bond in existence, but the inflationary ramifications would be Zimbabwe like, and crush the dollar on international currency markets.The Federal Reserve appears to be increasingly nervous about the long term bond market. This is serious. How panicked are they? After leaking a story on Friday, they are back at it on Sunday.
The Federal Reserve leaked to CNBC’s Steve Liesman on Friday that they weren’t targeting long rates. Why such a leak? Probably because the Fed did not want to appear impotent in controlling the long rate. So they put out the word through Liesman that they weren’t targetting the long rate. Can you imagine what would happen to the markets if it sensed long rates were beyond the control of the Fed?
The Fed can of course print money to buy up every Treasury bond in existence, but the inflationary ramifications would be Zimbabwe like, and crush the dollar on international currency markets. Are we near the phase where all hell breaks loose? I have never even answered, maybe, to this question before. It’s always been, “no.” Now it’s maybe.
What really has me spooked is another article out this afternoon (on a Sunday) that Drudge has even picked up. It’s a Reuters story by Alister Bull. The headline: Federal Reserve puzzled by yield curve steepening.
Translation, the Fed doesn’t know what is going on, but they are really scared. Continue reading »
Tagged with: Business • World
Jun 05
Péralte C. Paul (The Atlanta Journal-Constitution) wrote that U.S. consumer bankruptcy filings soared 37 percent in May compared with the same period last year, according to figures released Tuesday by the American Bankruptcy Institute.
The figures, using data compiled by the National Bankruptcy Research Center, show total filings in May were 124,838, up from 91,214 recorded in May 2008.
Last year’s figure was a jump of nearly 30 percent from 2007.
At that pace, the ABI expects more than 1 million will seek bankruptcy protection by December.
The trend is being fueled by the economy as companies shed employees, who in turn fall into financial straits, unable to pay their bills.
Continue reading »
Tagged with: Business • Industry News • World
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