Mohsin Annual Report-Final 1-91:Layout 1.qxd - Siemens Pakistan

22Directors’ ReportThe Company foresees a huge potential in the energy sector as demand and supply gap is constantlywidening. Further, public sector is expected to focus on infrastructure projects in water, health, transportand IT segments. UAE is another market for the Company where due to on-going constructionboom, the demand for power sub-stations is growing consistently, and the Company is fully committedto take advantage of this opportunity.We have applied the best of ourselves to the task in hand and will continue to apply the same infuture. With our global tools of top+ put to work at Fit 4 2010, we see no reason why we cannot achieveand surpass our targets. Our 'Recipe for Profit & Growth' has taken every employee on board in our drivefor profit and growth.AcknowledgementThe Board would like to thank our extremely valued shareholders, customers, suppliers, contractors andfinancial institutions, whose faith, cooperation and support over the years strengthened our relationshipwhich plays a vital role in improving our products and services and contribution to the national economy.The Company is immensely proud of its human resources and thankful to all executives, officers andworkers for consistently delivering outstanding performance resulting in a higher level of success andprofitability for the Company. We also appreciate the valuable contribution and active role of the AuditCommittee in supporting and guiding the management on matters of great importance leading to successin achieving the targets of the Company.We are also thankful for the support provided to us by our parent company and the trust reposed bythe shareholders on the management and Board of Directors. This support gives confidence and encouragementin achieving the targets and application of strategies.On behalf of the BoardSohail Wajahat H. SiddiquiChief Executive OfficerGerhard WilckeChief Financial OfficerKarachi, November 15, 2007