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TRADE CHRONICLE<br />
BMA Capital promotes<br />
Mr. Mirza Kamran Baig<br />
as Head of Treasury<br />
Operations<br />
BMA Capital Management Limited,<br />
Pakistan’s premier financial services<br />
group, has promoted Mr. Mirza<br />
Kamran Baig, as Senior Vice<br />
President and Head of company’s<br />
Treasury Operations business. As<br />
Head of Treasury he will have<br />
oversight of both Fixed Income and<br />
Foreign Exchange Sales businesses<br />
of BMA Capital.<br />
Mr. Baig is an accomplished treasury<br />
services leader with over 18 years of<br />
industry experience. He was<br />
appointed in BMA Capital as Senior<br />
Dealer Money Market in October<br />
2011 and was deputed as Head of<br />
Fixed Income Sales in July 2012<br />
where he continued to develop the<br />
fixed income sales processes with his<br />
steady leadership.<br />
In this additional role Mr. Baig will<br />
be responsible for ensuring that<br />
services provided by both Fixed<br />
Income and Foreign Exchange teams<br />
continue to keep pace with the<br />
growing needs of large corporate<br />
organizations.<br />
Bilal Soofi elected WWF<br />
president<br />
The Board of Directors of the World<br />
Wide Fund for Nature-Pakistan has<br />
elected Ahmer Bilal Soofi, a<br />
renowned Supreme Court Advocate<br />
and an international law expert, as<br />
the new president. He was preceded<br />
by Khalid Mahmood, CEO of Getz<br />
Pharma (Pvt) Limited, who was the<br />
president of the organisation from<br />
<strong>June</strong> 2011 to April <strong>2015</strong>, disclosed a<br />
WWF-P's spokesperson recently.<br />
Over 140,000 Pakistanis to perform Haj this year<br />
The Haj Policy <strong>2015</strong> was announced<br />
by Religious Affairs Minister Sardar<br />
Muhammad Yousaf who said<br />
143,368 Pakistanis would perform<br />
Haj this year.<br />
Haj applications were received by<br />
10 designated<br />
banks from<br />
April 27 to<br />
<strong>May</strong> 8 and<br />
balloting of the<br />
applications<br />
took place on<br />
<strong>May</strong> 14. The<br />
applications of<br />
those who<br />
h a v e<br />
performed Haj<br />
in the past five years will not be<br />
considered.<br />
Under the policy, residents of<br />
Punjab and Khyber Pakhtunkhwa<br />
will each pay Rs264,971 and those<br />
belonging to Sindh and Balochistan<br />
Rs255,971. The policy was<br />
expected to be announced by April<br />
14 but got delayed because the<br />
prime minister could not sign the<br />
summary earlier.<br />
For the first time an option of<br />
“sacrifice” has been offered to the<br />
pilgrims; those who will prefer the<br />
government to sacrifice goats on<br />
their behalf will have to submit<br />
Rs14,210 separately, whereas those<br />
who will wish to offer the sacrifice<br />
themselves will not have to pay this<br />
amount. Addressing a Press<br />
Conference,<br />
the Minister<br />
said that half<br />
the pilgrims<br />
w o u l d<br />
perform Haj<br />
under the<br />
government<br />
scheme and<br />
the remaining<br />
through<br />
private<br />
operators.<br />
He said the pilgrims were required<br />
to carry machine-readable<br />
passports, computerised national<br />
identity cards and medical<br />
certificates during their visit to<br />
Saudi Arabia.<br />
Speaking about the arrangements<br />
in the kingdom, he said the<br />
government would provide food to<br />
the pilgrims and a contingent of 450<br />
medical personnel would be sent to<br />
assist them.<br />
Abdul Rahim Janoo, Senior Vice President of FPCCI is presenting crest to H.M.B<br />
Herath Consul General of Sri Lanka. Ikram Rajput, Waseem Vohra, Vice Presidents<br />
of FPCCI are prominent in the picture.<br />
<strong>Trade</strong> <strong>Chronicle</strong> - <strong>May</strong> - <strong>June</strong> <strong>2015</strong> - Page # 24