In Chicago, the President will address the Expanded ISAF Meeting of NATO and also meet various Heads of State and Government on the margins of the NATO Summit. He will be accompanied by Foreign Minister Hina Rabbani Khar and Foreign Secretary Jalil Abbas Jilani.

For more information, contact:
Syed Haider Ali Jafri
Personal Secretary
Ministry of Foreign Affairs
Government of Pakistan
Tel: +9251 921 0335 and 9056604

سروے ظاہر کرتا ہے کہ تین چوتھائی مسافر غیر ضروری سہولیات کی فراہمی کے بغیر طویل فاصلے کی پرواز سے خوش ہوں گے

معروف ٹریول سرچ سائٹ اسکائی اسکینر [http://www.skyscanner.com] نے انکشاف کیا ہے کہ 74 فیصد مسافر طویل فاصلے کے سفر (چار گھنٹے سے زائد) میں روایتی فضائی اداروں کی جانب سے پیش کردہ اضافی سہولیات کی قربانی دے کر سستی پرواز حاصل کرنے کو تیار ہیں۔

کم خرچ پر طویل فاصلے کی پرواز کرنے والے افراد کی تلاش کے لیے 1800 سے زائد مسافروں سے کیےگئے سروے میں 48 فیصد افراد نو گھنٹے تک کی پرواز میں اپنی جگہ میں کمی اور محدود لیگ روم پر رضامند تھے، جبکہ ہر تین میں سے تقریباً ایک (30 فیصد) 10 گھنٹے کی پرواز میں بھی ایسا کرنے کو تیار تھے (یعنی سنگاپور سے لندن کی پرواز کے برابر)۔ البتہ 22 فیصد نے چار سے چھ گھنٹے کی درمیانی فاصلے کی پرواز کے لیے سستی ایئرلائنوں کی جانب سے پیش کردہ آرام کی بنیادی سطح پر سودے بازی نہیں کی۔

تحقیق ظاہر نے مسافروں سے ان “اضافی” خصوصیات کے حوالے سے بھی سوال کیا جو وہ کم خرچ کی طویل فاصلے کی پرواز میں حاصل کرنا چاہیں گے۔

جیسا کہ زیادہ تر کم خرچ ایئرلائنیں صرف 29 انچ کی نشست کی گنجائش دیتی ہیں، یہ سروے ظاہر کرتا ہے کہ یہ حجم ایک تہائی سے زائد (35 فیصد) مسافروں کے لیے ہی اہمیت رکھتا ہے جو اضافی دو انچ لیگ روم چاہ رہے ہیں تاکہ وہ بغیر اضافی سہولیات کی طویل فاصلے کی پرواز میں آرام کر سکیں، دوران پرواز تفریح کے مواقع پر اضافی لیگ روم کو ترجیح دینے والے (14 فیصد) یا حتیٰ کہ دوران پرواز خوراک یا ناشتہ پر بھی (9 فیصد) ترجیح دینے والے لوگ موجود ہیں۔ 18 فیصد مفت ہولڈ بیگیج کو شامل چاہتے ہیں۔

اسکائی اسکینر کے ٹریول ایڈیٹر سام بالڈون نے کہا کہ “اس سروے کے نتائج نے ظاہر کیا کہ کم خرچ ایئرلائنوں کے لیے طویل فاصلے کی پروازیں چلانے کی طلب بہرحال موجود ہے – یہ ظاہر کرتا ہے کہ لوگ اگر قیمت مناسب ہے تو اپنے سفری مزاج کے مطابق آرام پر کچھ سودے بازی کر کے زیادہ خوش ہیں۔ حالیہ سالوں میں کم خرچ ایئرلائنوں نے درمیانی فاصلے کی پروازوں کا آغاز کیا ہے، اس لیے یہ ناقابل عمل نہیں ہے کہ طویل فاصلے کی پروازیں اگلا اضافہ ہوں۔”

اسکائی اسکینر کے بارے میں

اسکائی اسکینر ایک معروف ٹریول سرچ سائٹ ہے جو ہزار سے زائد ایئرلائنوں کی لاکھوں پروازوں، کے ساتھ ساتھ ہوٹلوں اورکرائے پر گاڑیاں لینے،  کے فوری آن لائن تقابل کی سہولت فراہم کر رہی ہے۔

ذریعہ: اسکائی اسکینر

Survey reveals almost three quarters of travellers would be happy to fly long haul with no frills

A study conducted by leading global travel search site Skyscanner reveals 74% of travellers would be willing to sacrifice the extras received with traditional airlines in order to travel long haul (more than four hours) with a budget carrier.

The survey of more than 1800 travellers found that of those willing to fly long haul low cost, 48% would forfeit their personal space and endure limited legroom for anything up to nine hours in order to reach their destination, while nearly one in three (30%) would be willing to sit out a bum breaking 10-hour flight (equivalent of a flight from Singapore to London). However 22% would only endure the basic levels of comfort offered by budget airlines for a relatively modest flying time of four to six hours.

The study also questioned travellers on the “extras” they would most need in order to persuade them to fly long haul low cost.

With most low cost airlines offering an average seat pitch of just 29 inches, this survey reveals that size really does matter with more than a third (35%) of travellers requiring an extra two inches of legroom in order to travel long haul with a no-frills airlines, and would prioritise legroom over in-flight entertainment (14%) or even in flight food and refreshments (9%) for the duration of the long haul journey. 18% wanted free hold baggage included.

Sam Baldwin, Travel Editor at Skyscanner said; “The results of this survey show there is a definite demand for low cost airlines to operate long haul routes – it appears people are more than happy to surrender some level of comfort in order to satisfy their taste for travel, as long as the price is right. In recent years, low cost airlines have started to introduce more mid haul routes, so it is not unfeasible that long haul routes could be next to be added.”

About Skyscanner

Skyscanner is a leading travel search site providing instant online comparisons for millions of flights on over a thousand airlines, as well as hotels and car hire.

Source: Skyscanner

For more information, contact:
Alfalah GHP Investment Management Limited
G. Mustafa Khalil Abbasi
B.A. Building, Main I. I. Chundrigarh Road,
Karachi- Pakistan
Tel: +9221 241 4030 -39
Email: info@alfalahghp.com

Open End Funds

For more information, contact:
Dawood Capital Management Limited
1500-A, Saima Trade Towers,
I.I. Chundrigarh Road,
Karachi-74000
Tel: +9221 227 1874
Fax: +9221 227 1912
Email: dcm@firstdawood.com
Web: www.edawood.com

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

PCF is structured as a money market fund. The investment policy mandates that at least 40% of net assets have to be invested in government securities and remaining exposures by the fund are subject to minimum credit rating of ‘AA’.

In view of this, exposure to credit risk is expected to remain low. As per a latest policy revision, target duration has been revised downwards from 90 to 60 days. In line with the investment policy, at end- March 2012, 63% of the total assets were invested in government securities and remaining assets comprised investments in short term Sukuks and placements with financial institutions. Weighted average time to maturity of fund’s assets was 59 days at end-March 2012.

For more information, contact:
Mr. Javed Callea
Advisor
JCR-VIS Credit Rating Company Limited
Tel: +9221 35311861 (10 lines) (Ext: 501)
Fax: +9221 35311872-3
E mail: javed.callea@jcrvis.com.pk

The rating reflects company’s association with a leading commercial bank – Bank Alfalah Limited (BAL), experienced management team, and adequately structured investment process. The funds’ overall performance remained average, with some of them underperforming industry’s average lately.

Although the size and diversity in assets under management registered decline, a comprehensive business strategy is underway, being guided by the parent bank. The AMC’s management is committed to tap the rising growth potential through already established network of Bank Alfalah.

The outlook on the rating is ‘Negative’, highlighting criticality of strategic oversight and business support that the company needs to survive in the increasingly competitive environment. For this, the key sponsor (Bank Alfalah) is in the process of acquiring another financial institution with asset management business.

The planned acquisition, while showing commitment of Bank Alfalah towards AMC business, is expected to bring much needed strategic focus to AGIM’s operations. This should also impact AMC’s rating positively. Nevertheless, a timely merger and eventual roll out of a comprehensive business plan would be crucial.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

“Telecommunications and IT are bringing encouraging economic dividends and inspiring lifestyle choices for the people of Pakistan,” said Prime Minister Gilani, who was the Chief Guest of the mega event and exhibition organized jointly by PTCL and Ministry of IT and Telecom to mark the WTIS Day 2012. This year’s theme for WTIS Day is ‘Women, Girls and ICT’.

“The role of ICTs matter immensely for gender equality and empowerment of women,” said Prime Minister Gilani. “ICTs are a force multiplier for girls’ education, enabling them to build their future on a level-playing field with their male counterparts.”

The event was also addressed by Federal Minister of IT and Telecom, Raja Pervaiz Ashraf; Federal Secretary IT and Telecom, Farooq Ahmed Awan; and PTCL President and CEO, Walid Irshad. The event was attended by senior government and PTCL officials, a large number of students, members of the civil society and media.

“Achieving the one million Broadband customers mark is yet another historic milestone for PTCL,” said Mr. Irshad in his remarks. “PTCL passionately believes in creating innovative yet affordable ICT and telecom solutions that meet the needs of all segments of Pakistan’s society, especially women.

We are determined to utilize the full potential of ICTs by providing women with the telecommunication tools, products and services they need to empower them to be free and make their own decisions.”

Earlier, Prime Minister Gilani visited PTCL’s impressive pavilion exhibition set up in the main hall of the Pak-China Friendship Center. The Prime Minister experienced first-hand the telecom giant’s state-of-the-art products and services, and was briefed by PTCL’s team about their various features.

President and CEO PTCL, Walid Irshaid, also presented on the occasion special 1 million Broadband commemorative shields to Prime Minister Gilani and Minister IT and Telecom, Raja Pervaiz Ashraf.

For more information, contact:
Pakistan Telecommunication Company (PTCL)
F-8 Exchange, Nazim-Ud-Din Road F-8/1,
Islamabad
Tel: +9251 111 20 20 20
Fax: +9251 111 21 21 21
Email: shahzad.khalil@ptcl.net.pk

The workshops, which will begin from Islamabad on 18 May, are being organized as a means to evaluate the conceptual strengths, technique and creative acumen of mobile game developers in Pakistan.

The workshops have been developed in collaboration with ‘We R Play’, one of Pakistan’s most prominent developers of mobile gaming, who will introduce participants to the basics techniques of mobile game development as well as the means of marketing products on international marketing platforms.

The workshops are being organized under the banner of Jazba, which is Mobilink’s vibrant and spirited youth brand. Mobile game developers will also get the opportunity to have their content inducted into the Jazz Bananas App Store, the first online application store in Pakist

For more information, contact:
Omar Manzur
Director Public Relations and CSR
Mobilink
media.relations@mobilink.net
42, Kulsum Plaza, Blue Area, Islamabad,
Pakistan
Phone +92-51-2273984
UAN +92-51-111300300

For more information, contact:
Muhammad Abid Rana
Director Public Relations
Water and Power Development Authority (WAPDA)
G-32, WAPDA House, Lahore
Tel: +9242 9920 2633 and +9242 9920 2211 -2033 -2029
Cell: +92333 445 8293
Email: mabidrana@gmail.com

Severely criticizing another 16 per cent hike in power tariff, the LCCI President Irfan Qaiser Sheikh said that it is a futile exercise and would not be doing any service to the government unless and until it makes a plan to cover inefficiencies in the power sector.

Irfan Qaiser Sheikh said that besides controlling line losses and electricity theft, the government would have to chalk out a plan to convert oil based power generators to coal as in India more than sixty per cent of electricity in being produced through coal and what it is getting through furnace oil in not more than six per cent.

The LCCI President opined that government move is bound to increase the incidence of electricity pilferage that already is 25 per cent of the 22 per cent line losses and eating up Rs 50-75 billion.

The LCCI President said that how the industry would remain competitive at such a high price of electricity which is one of the basic industrial raw materials. We already have the highest tariff in our region as in India, the electricity tariff for industry is 10.5 cents, in Bangladesh 10.75 cents and in Sri Lanka it is again 10.75 cent whereas in Pakistan tariff is already 15 cents meaning that 45 percent higher as compared to the region. With this massive and unprecedented increase, we will have double the tariff of electricity what the regional countries are offering to their trade and industries leaving Pakistan totally uncompetitive and unviable in the international market place.

“The country had already lost a number of international markets to China, Bangladesh and India due to high cost of doing business and the decision to increase power tariff would make the Pakistani goods more uncompetitive.”

He said that the business community was unable to understand that instead of taking measures to control line losses and enhance cheap power generation up to capacity, the policies are being evolved to add to the miseries of the business doing people.

Irfan Qaiser Sheikh said that negative growth witnessed by the Large Scale Manufacturing sector was indeed an eye opener and a wake up call to the government. He said that the industry needs cheaper electricity to keep the units operational and to complete the export orders well within the given timeframe but only because of the shortage of electricity the exports are not up to the mark.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +9242 111 222 499
Fax: +92 42 636 8854

The Board of EASA (European Aviation Safety Agency) had asked the present Managing Director to come in person as no official from the senior management of PIA was acceptable for the meeting by the EASA Board that is looking at enforcing suspension on PIA due to its failure to comply with the EASA 145 regulations.

The present MD had requested the EASA board to reconsider their decision as the deadline to place the suspension was set for end April 2012. The EASA board had agreed to suspend the sanctions on a condition that the MD PIA made a personal appearance before the EASA board.

The meetings with the TSA (Transportation Security Administration–USA) officials at Washington DC were being held to stop the anticipated 8 hours delay for the PIA flights going to the USA via Manchester for a secondary security check. Should the TSA enforce this condition, the feasibility of flying PIA to the USA shall have serious implications for the airline. The meeting was already scheduled and is a follow up of the TSA officials visit to Pakistan in April 2012.

PIA spokesperson further said that the Managing Director was invited to the meetings at Cologne with EASA Officials and in Washington with TSA officials regarding second security check, at Manchester airport as the sensitivity of the situation and that the matter on both issues can only be dealt with at the highest level.

It is deeply regretted and clarified that his family was traveling on a private visit and on their own expense and had nothing to do with the official visit of the MD PIA. The section of the press and the electronic media reported unconfirmed and distorted facts. We hope that in future, such reports shall be confirmed by the PR section of the airline before being aired and published on the national media.—

For more information, contact:
S. Sultan Hasan
General Manager, Public Affairs
Pakistan International Airlines (PIA)
Tel: +9221 9904 0000
Fax: +9221 3457 2225, 3457 0419

The Commissioner directed to the Doctors and Para Medical Staff to provided free treatment to the injured children. He also said that to serve ailing humanity is not less then worship.

For more information, contact:
Sindh Information Department
Office of the Government of Sindh
Larkana
Regional director information
Gul Israr
Phone No: 0749410393/0749410381
E-mail Address: rdinflrk2@gmail.com

In Chicago, the President will address the Expanded ISAF Meeting of NATO and also meet various Heads of State and Government on the margins of the NATO Summit. He will be accompanied by Foreign Minister Hina Rabbani Khar and Foreign Secretary Jalil Abbas Jilani.

For more information, contact:
Syed Haider Ali Jafri
Personal Secretary
Ministry of Foreign Affairs
Government of Pakistan
Tel: +9251 921 0335 and 9056604

As decided by the Defence Committee of the Cabinet negotiations on NATO supply, question of apology, fresh border ground rules and cessation of drone attacks are being carried out in a transparent manner.

Pakistan continues to remain engaged with the US on all issues and decisions would be taken in the best national interest.

For more information, contact:
Syed Haider Ali Jafri
Personal Secretary
Ministry of Foreign Affairs
Government of Pakistan
Tel: +9251 921 0335 and 9056604

The CAS has extended deepest sympathies and profound condolences to his family over the sad demise of the great pilot and a true patriot. Air Commodore Akmal Abbas Khan was born on 22 December 1962 in Lahore.

He joined the Pakistan Air Force on 25 October, 1980 and got commissioned in the GD (P) branch on 01 November, 1985. During his career, he commanded Transport Conversion School, three Squadrons, a Flying Wing, PAF Base Faisal and a Training Wing PAF Base Korangi Creek. He was a graduate of National Defence University, Islamabad.

Air Chief Marshal Tahir Rafique Butt, Chief of the Air Staff, Pakistan Air Force along with other senior civil and military officials attended the funeral prayers. Air Commodore Akmal Abbas Khan was laid to rest at his family Graveyard at Lahore with full military honour.

A smartly turned out contingent of PAF presented the general salute. After the burial, the wreaths were laid at the grave of the deceased on behalf of Chief of the Air Staff, Pakistan Air Force, Chief of the Naval Staff, Pakistan Navy, Deputy Chief of the Air Staff (Operations), Deputy Chief of the Air Staff (Administration), Air Officer Commanding Southern Air Command, Air Officer Commanding Central Air Command, Station Commander PNS Mehran, Pak Navy and Base Commander PAF Base, Lahore.

For more information, contact:
Air Commodore Tariq Qamar Yazdanie TI (M)
Director Media Affairs
Pakistan Air Force
E-mail: pafdpr@paf.gov.pk
Tel: 051-9507751 and 051-9261300
Fax: 051-9260868

He was speaking as chief guest at 35th anniversary of the establishment of Radio Pakistan Islamabad here at National Broadcasting House on Thursday. PBC Director General Murtaza Solangi presided over the ceremony.

At the beginning of the ceremony‚ excerpts from the speech of the then President Shaheed Zulfikar Ali Bhutto‚ which he delivered while laying foundation stone of National Broadcasting House on April 27‚ 1972‚ were played.

In his speech‚ Shaheed Bhutto highlighted the importance as well as very objectives of Radio Pakistan as a national organization. He said as a medium of the people‚ Radio Pakistan has greater responsibility to educate and entertain the masses and keep them informed of developments taking place in the country and outside world.

The minister said his government will never let the red tapism and bureaucratic tactics to impede the way of resolving the difficulties of this national organization. The PPP government wants to revive the old golden era of Radio Pakistan and for this purpose‚ President Asif Ali Zardari has appointed Murtaza Solangi as its head.

He assured that the government will not take Radio Pakistan as a commercial or earning organization because it is public broadcaster serving the nation round the clock.

Samsam Bukhari said in spite of the latest development in the media world‚ Radio Pakistan continues to play a leading role in providing information‚ education‚ and entertainment to the masses. He said despite the fact that there are a large number of TV channels in the United States‚ Radio enjoys more importance even in the world’s most developed country.

Radio Pakistan is listened to even in the far-flung and farthest areas of the country like Siachen‚ Mithi and Rann of Kach as well as the people on roads‚ farmers in fields and the women at home‚ he added.

Referring to regularization of the services of 661 daily wagers in Radio Pakistan‚ he said the PPP government always provides jobs to the people‚ but those politicians having huge business empires are always bent upon snatching even the stale bread from the poor masses.

Syed Samsam Bukhari said the PPP workers and leaders safeguarded the philosophy of its leaders‚ including Shaheed Zulfikar Ali Bhutto and Shaheed Benazir Bhutto‚ by sacrificing their lives. “We want to change the very system in the country with the fragrance of the blood of our martyrs‚” he vowed.

He said Shaheed Benazir Bhutto was symbol of federation‚ but the cruel elements broke that symbol by martyring her‚ which weakened the very federation. Now President Asif Ali Zardari is toeing her line of strengthen the country by giving the slogan‚ “Pakistan Khapay.”

He said the PPP will always work for the freedom of expression and the anchors‚ who are criticizing the government these days‚ will be rescued only by the PPP if they face any trouble tomorrow.

He regretted that certain autocratic and fascist forces are still conspiring against democracy and pushing the country toward a 1971-like situation. However‚ the PPP‚ with the support of the masses‚ will foil all such plots against the motherland‚ he vowed.

He said the PPP believes in respecting the judiciary. “I challenge that no one else has rendered as many sacrifices as the PPP workers did for the cause of independent judiciary‚” he said.

Earlier‚ Murtaza Solangi said that Radio Pakistan is swiftly becoming a multi-media company from the old analog organization. He said Radio Pakistan has 66‚000 minutes of speeches and interviews of Shaheed Zulfikar Ali Bhutto in digital form. He informed that in spite of attempts during Martial Law era of Gen Ziaul Haq‚ Radio Pakistan workers risked their jobs and protected this treasure.

He said Shaheed Zulfikar Ali Bhutto had set forth the very objectives of Radio Pakistan while laying the foundation stone of National Broadcasting House in Islamabad on April 27‚ 1972. In a prophetic way‚ Bhutto stated that Radio Pakistan’s important role in the society will never decrease‚ Solangi recalled. He said Mr Bhutto converted Radio Pakistan into a corporation and provided it constitutional protection through PBC Act 1973.

He said Radio Pakistan has signed an agreement with Japan International Cooperation Agency for installing a state of the art 500 KW medium wave transmitter at Faqirabad in Attock District‚ which will boost medium wave transmission of the organization in the country. After completion of the project‚ Radio Pakistan’s medium wave transmission will cover almost all parts of the country during the nighttime.

Veteran journalist and broadcaster Zameer Nafis and Fakhar-e-Alam Nomani shared their experiences with the audience. They lauded the efforts of the government as well as incumbent director general to transform Radio Pakistan into a dynamic‚ vibrant‚ and active public broadcaster.

Later‚ the minister announced a cash award of Rs.100‚000 for Fakhar-e-Alam Nomani‚ a retired producer of Radio Pakistan‚ for protecting the archives containing speeches of Shaheed Zulfikar Ali Bhutto during Zia era. Mr Nomani thanked the minister and announced to donate the amount to the organization’s CBA union.

For more information, contact:
Zafar Iqbal Mughal
Spokesman PBC
Radio Pakistan
Tel: +9251 9219439
Mobile: +92301 5088234
Email: spokesman@radio.gov.pk

For more information, contact:
Government of Khyber Pakhtunkhwa
Tel: 091 921 1789
Email: info@khyberpakhtunkhwa.gov.pk

As the role of the ICTs has evolved into an enabler of the growth of civilization, it is very important to provide universal, affordable and equitable access to ICTs, especially for women and girls to eliminate gender discrimination.

This year, World Telecommunication and Information Society (WTIS) Day is being celebrated worldwide on this day with the focus on women and girls in ICTs. In Pakistan, women are getting better opportunities and are excelling in every field. ICTs are not only providing socio-economic developments for women but are also empowering them by giving access to equal opportunities.

E-education, distance learning programs and internet are providing unique opportunities for women and girls to get quality education. E-commerce has expanded horizons for home based small and medium businesses to compete globally. E-health initiatives, like Tele-medicine, are providing safer environment for people living in far flung areas and making life safer for mothers. Mobile communication and social networks has provided many alternatives for women and girls to communicate with the world, which enable them to know their equal rights.

Government of Pakistan has accorded highest priority to the development of ICT infrastructure and applications for the provision of quality services, education, employment generation, and women empowerment. Ministry of Information Technology (MoIT) through, Virtual University, Universal Service Fund Company and National ICT R and D Fund Company has initiated a range of successful programs to promote ICT opportunities for women and girls to achieve these goals.

The Virtual University of Pakistan utilizes modern Information and Communication Technologies to provide affordable world class online education to the people of Pakistan. Universal Service Fund (USF) Company, a success story for Pakistan, has launched major projects for the establishment of community tele-centers and tele-medicine in un-served and underserved areas.

Since 2007, National ICT R and D Fund has been offering fully-funded National ICT scholarships for undergraduate degrees in ICT related disciplines in prominent universities of the country. Recently, four ICT blocks have been established by National ICT R and D Fund in women Universities and Colleges. Several IT Universities are in the pipeline as well.

I urge parents and civil society to provide quality Information and Communication Technologies education to their children, especially to the girls, so that they can reap maximum benefits from the available opportunities around the world.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

As per detail, a complaint was received in this Bureau detecting fraudulent payment in military pension in Jandola, Tank and other post offices of the area. Consequently NAB KP took cognizance of the matter and authorized inquiry.

A thorough inquiry was conducted into the matter which reveals that the amount mentioned in the complaint is far less than the actual embezzlement. The accused persons will be produced before the Accountability Court for obtaining their physical remand to unearth further loss caused to the National Exchequer.

For more information, contact:
Government of Khyber Pakhtunkhwa
Tel: 091 921 1789
Email: info@khyberpakhtunkhwa.gov.pk

The roll number slips of regular/late college candidates will be delivered to their respective colleges through their college representative on May 17, 2012 whereas roll number slips of the private candidates will be dispatched on their respective postal addresses by May 15, 2012. However, the roll number slips of the candidates from Kurram Agency will be districted through the Coordinator KUST, Kurram Agency ( Rahim Dad, 0300-3937632).

Candidates who fail to receive the roll number slips upto May 24, 2012 should contact the examination section KUST immediately for the duplicate roll number slip otherwise KUST will not be responsible for any delay. Is case of any other difficulty/problem, candidates can contact the Examination Section KUST for help, said a notification.

For more information, contact:
Government of Khyber Pakhtunkhwa
Tel: 091 921 1789
Email: info@khyberpakhtunkhwa.gov.pk

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On the occasion of 147th World Telecommunication Day, I would like to congratulate the International Telecommunication Union (ITU) for its efforts in successfully laying the foundations of a just, equitable and people-centered information Society. ITU has served as a catalyst in bridging the digital divide and celebrating this day would further highlight the transformative role of communications and information in the modern day societies.

By selecting “Women and Girls in ICT” as its yearly theme, ITU has focused on the most important segment of society that deserves to benefit equally from the communication revolution. Development of technologies and services as well as facilitating the usage of communication devices by women and girls must become a key component of the policy making process of relevant government authorities, telecommunication equipment manufacturers and service providers. The theme is of special significance to us in Pakistan where the Government has launched special schemes for the uplift of women.

The Government of Pakistan stands committed to empower the women of the country by providing equal opportunities to them for their development and excelling in all walks of life. We are committed to provide affordable telecommunication services to all segments of the population, including the women and girls, with modern state of the art telecommunication systems as well as gender-based customized services.

However, more efforts are required to assess the ICTs requirements of the female gender and to develop strategies to provide telecommunication and IT services and promote accessibility of IT enabled services (ITeS) such as e-government, e-education and e-health etc. to the female section of our population. On this occasion, I call upon all our partners in the Telecom industry to assist us in creating a conducive environment that could enable our women to benefit from ICTs and ITeS.

There is an urgent need to address the issue of the ICT education and skills gap in girls and women of Pakistan. Advanced ICT education and skills in women, combined with the sectoral knowledge such as healthcare, language skills and business management, would open new opportunities for women to play their due role in the nation building process.

Once again, I congratulate all associated with the information and Communication Technology sector on this day and urge them to keep themselves abreast of the latest developments in ICT for development of the country’s IT and telecommunication landscape, especially in context of empowerment of women through ICTs.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

During the last 24 hours, 05 berthing and 04 sailing of vessels have taken place at Karachi Port. Vessels ITAL MODERNA, WINTEREST, APL BRISBANE, AL DEERAH and ALAM BAKTI have acquired safe berthing at the port, whereas vessels CHEMWAY ARROW, UASC SHUWAIKH, HANJIN DURBAN and SMART SAIL have sailed out from the Karachi Port.

A total tonnage of 92,565 comprising 43,510 tonnes of export cargo and 49,055 tonnes of import cargo were handled by the port during the last 24 hours.

For more information, Contact:
Karachi Port Trust
Eduljee Dinshaw Road
Karachi-74000
Pakistan.
Chairman
Email: Chairman@kpt.gov.pk
Tel: 99214315
Tel Board: 99214530-9

If candidate does not receive the roll number slip upto June 02, 2012, he/she should contact the examination section KUST for issuance of the duplicate roll number slip. For duplicate roll NO slip, the candidate will provide an attested photograph and a copy of CNIC. In case of any other difficulty/problem, candidates can contact the examination section KUST for help, said a notification.

For more information, contact:
Government of Khyber Pakhtunkhwa
Tel: 091 921 1789
Email: info@khyberpakhtunkhwa.gov.pk

During this visit the Federal Minister for Overseas Pakistanis will be calling on his Australian counterpart i.e. the Immigration Minister to discuss matters relating to Overseas Pakistanis and problems being faced by them.

The minister will also discuss to explore avenues creating more horizons of employment opportunities for them. His visit will also cover the areas of bilateral issues, political matters of both the countries during the meetings arranged by their officials and Pakistani community.

The minister will also brief Overseas Pakistanis working abroad about the welfare schemes launched by the present government which include right to vote, housing schemes (including Chattar Pari (AJK) and Lahore Raiwind Road Phase-I), educational projects, Foreign Exchange Remittance Card (FERC),Smart-Card, Pakistan Remittance Initiative (PRI) and Revival of Overseas Pakistanis Pensioners’ Trust (OPPT).

Federal Minister also showed his firm commitment to serving Overseas Pakistanis while leaving for Australia.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

In his message to the bereaved families, the Prime Minister extended his heartfelt condolences and sympathies. He prayed to Allah Almighty rest the departed souls in peace and grant fortitude to the families.

The Prime Minister commended the invaluable services rendered by the deceased pilots for the PAF and the country which would always be remembered.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

On the sidelines of the annual meeting of the International Organization of Securities Commissions (IOSCO) in Beijing, Mr. Muhammad Ali, the SECP chairman, and Mr. Mansour Haddadin, the JSC Commissioner signed the MOU. It reiterates the two regulators’ commitment to work together in ensuring that securities and commodities markets in the two countries are fair, transparent, efficient and regulated to world standards.

Both the SECP and JSC are signatory to the IOSCO multilateral MOU, the international standard for information sharing between the securities regulators and this bilateral MOU would supplement the cooperation extended under the umbrella of multilateral MOU.

The MOU has been inked in the backdrop of evolving globally integrated financial markets, necessitating for regulatory agencies of capital markets to develop cooperative linkages to ensure information-sharing for enforcement of securities laws and facilitate detection and combat cross-border violations.

The SECP has been promoting cooperation with other regulatory authorities of the capital market at the bilateral, regional and international levels. The SECP has already signed MOUs with the regulatory agencies of India, the Maldives, Australia, Bhutan, Sri Lanka, Iran, China, Turkey, Oman and Morocco.

It outlines a framework for cooperation and information sharing in areas of mutual interest. The scope of document also includes assistance in actions against insider dealings, market manipulation and other fraudulent practices in securities dealings, enforcement of relevant laws, rules and regulations, monitoring the markets for their compliance with laws and regulations, promoting high standards of fair dealing in their conduct or business, and technical assistance among the two regulatory bodies.

It is a significant milestone in the development of the capital markets of two countries. It cements an already excellent level of co-operation between the two independent agencies.

Each regulator will be able to rely on the MOU to ensure compliance with applicable legislation and to collaborate in regulating inter-jurisdictional dealings as well as share technical know-how and joint training in enhancing the credibility of financial markets and protect investor rights.

The MOU seeks to minimize the risk that is usually associated with financial market transactions and will also help prevent fraud, money laundering, market manipulation and other prohibited practices in the securities markets of both countries.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +9251 921 4005 or 921 4009 (Ext. 378)
Fax: +9251 920 6459
Cell: +92302 855 2254
E-mail: shakil.chaudhary@secp.gov.pk

This he stated while talking to the Senior Vice President Pakistan Newspapers Society (APNS) Mehtab Ahmad and General Secretary Masood Hamid in Peshawar the other day. Secretary Inforamtion Azmat Hanif Oraakzai, Additional Secretary Faridullah Khan, Director Information Shauibuddin, senior journalist Pir Sufaid Shah and other noted journalists of Peshawar were also present on this occasion.

Mian Iftikhar said that his government fully realized the difficulties of the newspapers owners due to which the provincial government has adopted a very strict policy for recovery of their outstanding dues.

The matter, he maintained was also raised on the floor of the house and the Speaker has given a ruling to this effect.

He said that the government released funds for advertisements to all the government departments, however, certain organizations observed negligence and as a result, funds allocated for this purpose get lapsed.

Now the government has decided that strict action would be taken against those departments which do not pay dues of advertisements despite having the required funds for the purpose. He said that during the last four years, newspapers have been paid

Rs. 510 million in the advertisements head and also released advertisements of Rs. 480 million to the newspapers.

Referring to the demand of APNS for increase of advertisement rates, the Information Minister said the matter was already under consideration and the newspaper owners would soon hear a good news to this effect.

He said that it was the desire of the government that the newspapers flourished, however, the owners should also take care of their workers. He added that no unwilling worker could be a good worker hence the newspaper owners should try to keep their workers satisfied so that the newspapers industry could also make progress.

The Minister on this occasion also dilated upon the steps taken by the government for the welfare of the journalists community besides highlighting the successes and achievements of his government in detail.

For more information, contact:
Government of Khyber Pakhtunkhwa
Tel: 091 921 1789
Email: info@khyberpakhtunkhwa.gov.pk

The Prime Minister thanked the FATA Parliamentarians for their support and said that they had always been in the forefront of defending the national interests.

The Prime Minister directed the relevant authorities to recruit the supporting staff in the schools and hospitals in FATA region on urgent basis enabling these institutions to deliver services to the people of the area.

The Senators and MNAs highly appreciated the Prime Minister for the announcement made earlier for opening of medial college, IT university and a cadet college in FATA area.

Members of the FATA Parliamentary delegation included, Minister for Safron, Engr. Shaukatuallh, Senators, Hidayatullah, Najam-ul-Hasan, Muhammad Idrees Khan Safi, Moulana Muhammad Saleh Shah, and MNAs, Sajid Khan Turi, Jawad Hussain and Noor-ul-Haq Qadri.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

The Managing Director, Heavy Mechanical Complex (HMC) M. Ashraf Butt, briefed the Board and said that HMC has completed its assignments efficiently, and also within the given time frame. He further informed that during the current financial year 2011-12 (upto 31st March, 2012) Rs.1.896 billion sales have been recorded as compared to first three quarters of last year’s Rs.1.56 billion. The company has also recorded gross profit of Rs.194.5 million for the same period.

MD also apprised that with the support and guidance the of the Minister, Nalter –II hydro power project of 16 MW has also been awarded to HMC for construction. He told the Board that (BMRE) Balance Modernization Replace and Expansion work on PC-I to manufacture power plants is in progress.

The Board has approved increase of salaries of Trainee Engineers from 12000 to 20000 Rupees per month.

In the end, the Minister directed that the progress of projects undertaken by HMC of the Ministry will be examined on monthly basis. Among others, the Meeting was also attended by the Parliamentary Secretary Dr. Mehreen Razaque Bhutto and Secretary Production, Gul Muhammad Rind.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

Speaking on the occasion Law Minister said that he himself is a lawyer and is fully aware of the problems faced by legal fraternity. He also said that he is fully committed to solve these issues on priority basis and the establishment of FIA Court at Gujranwala will be a sigh of relief for both the advocates and general public.

FIA Court are the Special Courts also known as Special Courts (Central). They deal with the cases relating to the FIA. There are already eight such Courts working at Karachi, Hyderabad, Lahore, Multan, Faisalabad, Rawalpindi and Peshawar.

He further said that the Bar Association are deficient in offices, equipment, libraries and funds. Therefore, the incumbent government has prioritized the release of grant-in-aid to the Bar Councils/Associations, so that they can perform their effective role in the proper dispensation of justice.

He informed the delegation that Law Ministry has allocated 5 Million Rupees to the Gujranwala Bar Association during this year and also promised that more funds would be released after the next budget.

He also enquired about the condition of library at Gujranwala Bar and ordered the release of 5 Lac Rupees to improve its condition and facilities.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

The meeting was also attended by the representatives of World Bank, USAID, Islamic Development Bank, International Finance Corporation and other financial institutions. Very important decisions were made for moving this project ahead for implementation.

These decisions were with respect to project structure, appointment of Executive Director for the Secretariat, rolesand responsibilities of Country Working Groups to move the project ahead, various financing options for the project and all other important issues to speed up implementation of the project.

All the member countries reiterated their full commitment to the project. World Bank, Islamic Development Bank also expressed their full commitment for financing of the project. A delegation from Russian Federation also made presentation, reiterating their desire to provide 500 million US Dollars for this project.

At the end of meeting, protocol was signed by the Energy Ministers of the four countries.

Syed Naveed Qamar, Minister for Water and Power, government of Pakistan signed from Pakistan side. While addressing in the final session he said that CASA-1000 Project is very important for Pakistan as there is energy crises which has hitted country’s economy and even the lives of common man. It will provide 1000 MW to Pakistan at a very competitive price. So implementation of this project will open new eras of prosperity to all the countries in the region.

It wil bring tremendous social ansd economic development in the lives of people of both the Central Asian and South Asian Regions and will open new eras for the prosperity and development in the region. He thanked all the ministers and participants for cooperating each other to expedite the project.

It will also establish a Transmission Line Link between Central Asian Countries and South Asian Countries. In the first phase this link will provide 1000MW power to Pakistan, but in the subsequent phases 5000 to 6000 MW power could be tapped from Central Asian Countries to Pakistan. Uzbekistan and Turkmenistan has also offered Pakistan their intent to export their surplus power to Pakistan.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

Law and order situation in the country was discussed during the meeting.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

The Prime Minister congratulated the new Secretary General on the assumption of the office of the Secretary General and said that during his tenure of office the SAARC Secretariat would pro-actively follow the implementations of the decisions of SAARC Summits.

The Prime Minister said that Pakistan attached high importance to the Organization as it was going to play an important role in bringing the people of the members’ states together by promoting investment, trade and people to people contact.

The Prime Minister said that the SAARC Summits had provided excellent opportunities to the Prime Ministers of Pakistan and India to hold meetings on the sideline paving the way for the resumption of dialogue between the two countries. The progress made so far in the normalization of relations between Pakistan and India largely owned to such meetings.

The Prime Minister conveyed his best regards to the President of Maldives adding he carried the found memoirs of the beautiful country.

The Secretary General said that the world at large recognized the strategic importance of SAARC and therefore USA, EU, China etc. had sought the observer status which was testimony to its emerging significance in the international fora.

The Secretary General said that it was heartening to know that two important countries of SAARC Pakistan and India had covered good ground in improving their relations and were incrementally increasing the trade between them.

The Secretary General said that the Centre of SAARC in Pakistan has been functioning exceptionally well and it would be his endeavours to bring other ten centres in other countries at par making their centres as centres of excellence.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

Ambassador was addressing the participants of a reception hosted in honour of Pakistani Community by the Embassy here today. Mr. Basit said that the Pakistani Community living abroad has been playing a vital role in the socio-economic development of the country and their continued support is one of the factors that the country made progress in different fields of life despite a host of problems that cropped up in the wake of first, conflict in Afghanistan against then Soviet occupation and then the fight against terrorism during the last over 30 years.

He said that Germany was the largest trading partner of Pakistan in Europe and his first preference would be to promote trade and investment between the two countries. Small and Medium sized Enterprises (SMEs) have played an important role in the socio-economic development of Germany and he would focus on these SMEs for promotion of investment in Pakistan, Mr. Basit added that the Pakistani Community should also come forward and join hands with the Embassy in its efforts to increase the level of German investments in Pakistan.

He urged the community to be united and enhance their interaction with the German people as it is people-to-people contacts between the two countries that matters the most. It will bring the two nations closer, strengthen relations and enhance level of cooperation between them, he added.

Referring to the problems and difficulties being faced by the community the Ambassador assured that all the issues would be resolved in consultation with them.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

Six project officers of NEF who cannot be promoted as per law of Project employees but they were promoted from 17 to 18 grade within one month, violating all the audit objections of the committee, and whole the matter kept secret by outgoing Director of NEF until those officers got stay order from Islamabad high court. Federal Minister also advised M.D NEF to fight this case into Islamabad High Court against those officers by disclosing all the facts to honourable court.

Federal Minister also constituted an enquiry committee under the chairman ship of MR. Ghulam MohiudDin Marri, the member of Board of Governor to investigate whole the matter and take a stern action against those Officers who were illegally promoted and who were involved in this legal and moral corruption of one of the sacred institution of Education. Federal Minister asked the M.D NEF to submit report as soon the enquiry is completed.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

Where as Special Assistant to Chief Minister Sindh and PCC Incharge Mr. Imtiaz Mallah and other officers received complaints from the public through telephone and conveyed complaints to the concerned officers for their early resolution. The PCC cell was established at CM House just after present democratic government came into power.

Incharge of the Public Complaint Cell while issuing the quarterly report of the complaints received at (PCC) informed that in all,3602 complaints were received up to 30th April 2012, out of which 3055 complaints were resolved while 547 complaints are still under process/pending.

He further informed that during this period the staff working at (PCC) telephone no: 919 received 2981 complaints. All such complaints were solved by processing them to concerned departments. Besides 621 complaints were forwarded to concerned departments of which 74 complaints have been solved.

Special Assistant to CM Mr. Imtiaz Mallah has advised the general public to register/convey their problems and grievances at Complaint Cell on telephone numbers 919, 99208081, 0800-91915, which are functioning round the clock.

He has assured the affected people that prompt action has been taken for solution of their problems. Mr. Imtiaz Ahmed Mallah told that most of the complaints received at cell related to police, gas, electricity, Irrigation, Health, Education, Transport and Karachi Water and Sewerage Board.

For more information, contact:
Mr. Allah Bachayo Memon
Press Secretary
Chief Minister House
Tel: +9221 99202019
Cell: +92300-3524057 (Ext: 336)

The delegation was led by the Director General Sindh Civil Services Academy while the Financial Advisor KMC Amir Khurshid, D.G Medical Services Dr. Nasir Javed, Senior Director Health Services Dr. Shoukat Zaman were also present on this occasion.

Administrator Karachi said the city population had exceeds 20 million mark and hundreds of new vehicles coming on to the roads everyday. Besides having a well planned mass transit system in Karachi we also need to work on the disposal of garbage on scientific basis. He said KMC was fulfilling its responsibility in various sectors under its administrative control.

These includes health and medical services, fire brigade, works and services, parks and horticulture, mass transit, information technology and education. The administrative control of the city was shared by many organizations including Sindh Revenue Board, PIA, KPT and Cantonment Boards and their mutual coordination and consultancy was essential for the city.

Administrator Muhammad Hussain Syed urged the trainee commissioners to resolve the complaints of needy people during their job without considering personal likes or dislikes. Deputy Commissioners should work intelligently and try to do justice to their position by maintaining the balance in their authority.

For more information, contact:
Administrator Secretariat
Karachi Metropolitan Corporation (KMC)
City District Government Complex, 1st Floor, Civic Centre,
Gulshan-e-Iqbal, Karachi
Tel: +9221 9923 2400 -01
Fax: +9221 9923 2406
Email: administrator@karachicity.gov.pk

This was stated by the Inspector General of Police, Punjab, Mohammad Habib-ur-Rehman while addressing the Police Darbar at Police Lines District Layyah. Earlier, the police chief presided over a high-level meeting and reviewed the crimes and law and order situation in detail at the office of District Police Officer Layyah. DPO Layyah Shaukat Abbas, DSPs, SHOs and other Officers of the district were also present on this occasion.

The Provincial Police Chief said that the Police Department is the backbone of the society, which help build social balance and to ensure supremacy of the justice. Therefore, all the state institutions and social organizations should extend their full cooperation to the police so that the department could fulfill its sacred duty of provision of protection to the lives and property of the citizens.

The IGP said that all the respectable institutions are respectable to ensure criminal justice otherwise the criminals and rogue elements could become a serious threat to the state. He said that the crimes could be eliminated from the society only by strengthen criminal justice system through an effective prosecution and protection to the witnesses.

The IGP said that the Police Officers/Officials, by putting their lives at stake, are working day and night and fighting against hardened criminals during field duties. He said that despite a number of policemen are martyred while performing day-to-day duties, they are still struggling hard to defeat the criminals. The IGP said that a state-of-the-art Punjab School of Investigation is being established to carry out investigations on modern lines and to improve the skills of the investigating officers.

The IGP said that all the investigation officers serving in Police Stations all over the Punjab would be provided training at this school in different phases so that their professional skills could be enhanced. He also said that modern forensic laboratories would be established in each district so that the police could be able to unearth professional and organized criminals by using scientific methods.

Meanwhile, the IGP inaugurated the newly constructed Chowk Azam Police Station at Mianwali Road.

This Police Station has been established with an estimated cost of Rs.13 million while two separate lockups for women and men are constructed in the Police Station apart from 21 new rooms. The facility included a reporting room and SHO Office besides the offices and residential rooms for the policemen. At least 48 villages located in the jurisdiction of this police station.

For more information, contact:
Punjab Police
5th Floor, Police Headquarters (PHQ),
Punjab, Lahore
Tel: +9242 99213019
Fax: +9242 99213013
Email: adc@punjabpolice.gov.pk

The Prime Minister directed the Cabinet Division to help Mr. Zahid Malik in this noble cause.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

Both the leaders also discussed the matters pertaining to development schemes, mass contact programmes and other issues in detail.

For more information, contact:
Mr. Allah Bachayo Memon
Press Secretary
Chief Minister House
Tel: +9221 99202019
Cell: +92300-3524057 (Ext: 336)

He said that the relations between Pakistan and Turkey are very close and there are old brotherly relations, while by economic cooperation, the relations will further be enhanced. Syed Qaim Ali Shah added that there are lot of opportunities and we can participate in such economic activities.

He said that the Prime Minister of Turkey had visited the flood affected areas of Thatta district and extended assistance and offered construction of houses. Syed Qaim Ali Shah said that Karachi is main City and economic Hub of Pakistan, while it is one of the largest cities of the world. He further added that the solution of solid waste management is need of Karachi and the firm of Turkey will be welcomed for investing in solid waste management services and other projects.

Country Coordinator of M/s Albayrak Company Mr Bunyamin Karaca thanked the Chief Minister Sindh for warm welcome and said the assistance made by Prime Minister of Turkey is nothing as the Muslims of Sub-Continent had assisted the people in their struggle and war for freedom and such assistance and cooperation will never be forgotten by people of Turkey.

He added that the people of Turkey always love the people of Pakistan as they are our brother, and the cooperation extended by people of Pakistan has fully been highlighted in our text Books. He said that as per commitment of Turkish Prime Minister, 10,000 luxurious houses have been built and will be handed over to government of Sindh for affected people.

He assured that their company is ready to work for solid waste management project in Karachi. He further said that their company is also working in tractor manufacturing, construction and transport sectors.

He further informed that the Turkish Prime Minister is visiting Pakistan on a 2-day visit on Sunday and Monday and it was decided that MoU signing ceremony will be held on Monday the 21st May 2012 at Islamabad at Islamabad. Mr. Bunyamin Karaca also extended invitation to Chief Minister Sindh to visit Istanbul alongwith technical staff.

He also invited him to attend MoU signing ceremony to be held at Islamabad on Monday. Chairman, Board of Investment Mr. Saleem H. Mandivwala introduced the Turkish company and said that a general MoU will be signed at Islamabad on Monday which will also bring technology in Pakistan and we will train our youth.

He further said that Turkish company is also interested in Transport services. The meeting was also attended by Chairman Sindh Board of Investment Mr. Zubair Motiwala, Secretary SOI Ms. Naheed S. Durrani, Mr. Nadeem Akhtar Project Manager BOI Karachi and Principal Secretary to CM Agha Jan Akhtar.

For more information, contact:
Mr. Allah Bachayo Memon
Press Secretary
Chief Minister House
Tel: +9221 99202019
Cell: +92300-3524057 (Ext: 336)

Syed Qaim Ali Shah further said that for the development leveling and ploughing of land etc machinery equipments, implements and other articles are required. He further said that there are lot of opportunities for investment in Sindh and tractor manufacturing and assembling can solve the problem of area.

Chief Minister Sindh further said that the government of Sindh will provide all required facilities to investors and bottlenecks if any will be resolved on priority basis. He hoped that the venue of plant can be selected for Larkano or any other suitable place.

Chairman Board of Investment Mr. Saleem H. Mandivwala informed that M/s Tripple LLC of Belarus wants to manufacture tractors in Pakistan particularly in Sindh province. He added that they have already a vast market. Chairman Sindh Board of Investment Mr.Zubair Motiwala said that there is at least need of more than One Lac tractors in Pakistan.

It was also informed that in connection with government subsidy on tractors, every year more than 1, 40,000 applications are received, but the government is only providing subsidy for 5000 applications only.

The delegation of M/s Taripple LLC, Republic of Belarus informed the meeting that they had proposed site of plant for HABB industrial area. It was decided that further issues will be discussed in detail and matter of site for establishment of manufacturing plant will be decided soon.

The meeting was attended among others by Mr. ALEXEI CHEPIKOV, Mr. ANDREL KOKHOV, Mr. AlEXANDR SLESAREV, MR. ABDUL GHANI MAJEED, MR. SALMAN YOUSUF , MR . MUSTAFA MAJEED, MR NADEEM AKHTAR, Ms Naheed Shah Durrani, Principal Secretary to CM . Agha Jan Akhtar and others.

For more information, contact:
Mr. Allah Bachayo Memon
Press Secretary
Chief Minister House
Tel: +9221 99202019
Cell: +92300-3524057 (Ext: 336)

Dr. Asim Hussain said that the federal government believes in equitable distribution of resources and top priority is accorded to providing relief to the consumers. He further said that the Ministry of Petroleum and Natural Resources has always taken on board provinces for important policy formulation and keeping the same spirit alive, all the provinces are being consulted for providing valuable input on Low BTU Gas Pricing Policy as well as the National Petroleum and Mineral Policy.

The Minister Petroleum further said that separate policies for utilization of Flared Gas and Marginal Gases is being formulated that will be shared with the provinces. The proposal of establishment of refineries in Khyber Pakhtoonkhwa province was also discussed and the provincial representative informed that three sites have been identified in the southern districts of KPK.

For more information, contact:
Ministry for Petroleum and Natural Resources
Tel: +9251 921 0220 -9206416
Fax: +9251 921 3180
Email: minister@mpnr.gov.pk

Given peculiar conditions in Pakistan, the high risk profile is embedded in market price.

According to Standard Capital, this is the reason why Standard Capital’s good corporate sector offers lot of attractive opportunities given growth potential plus resulting earnings growth (15% ‐ 20%). Moreover, Pakistan also offers better dividend yield of 5.5% ‐ 6% which is rare thing in a developed world.

The holding company AHCL tops the list with prospect of lowest PE along with NCPL. Standard Capital’s pick include PSO (receivables play), MARI (production growth), NBP (renewed vision), EPCL (profitability in CY12), UBL (improved fundamentals), BAFL and ABL (earnings growth) etc.

According to KASB Securities Limited,

• The index registered a higher high and a higher low, thus confirming the view that Monday’s formation was indeed a bottom. Uptrend is likely to continue with critical resistance at 14,440 points being its critical trendline and further up at 14,706 points being its recent top.

• The Stochastic Oscillator has shown modest improvement in the oversold region and is on the verge of generating a buy signal while the RSI has edged up as well.

• KASB Securities Limited remains cautiously bullish on the market.

Analysis and Overview:
The index opened positive and remained strong throughout the day however witnessed some profit selling towards the end of the session only to close in the green. Volumes increased by 51% and stood at 153mn. The index registered a higher high and a higher low, thus confirming the view that Monday’s formation was indeed a bottom. Uptrend is likely to continue with critical resistance at 14,440 points being its critical trendline (purple line) and further up at 14,706 points being its recent top.

The Stochastic Oscillator has shown modest improvement in the oversold region and is on the verge of generating a buy signal while the RSI has edged up as well. Any further upward move would result in a buy signal by the indicators.

KASB Securities Limited remains cautiously bullish on the market.

The first support is at 14,233 points and the second support is at 14,147 points. The first resistance is at 14,394 points and the second resistance is at 14,481 points.

Political stalemate persists

According to KASB Securities Limited,

• Failure to form a coalition govt. played on investors’ minds and in turn stoked concerns that a disorderly exit from the Euro zone may be the ultimate fate for the troubled Greek economy. With the possibility that the impasse could continue, another round of polls in June is emerging as the likely scenario.

• At yesterday’s ECOFIN meetings, EU officials tried to soothe investor nerves by dismissing talk of a Greek exit. However with the current electoral results showing that the public had voted out the parties who negotiated the bailout in the first place, the possibility remains high that the new political setup would opt for a review of the terms.

• The Euro encountered another session of liquidation (‐0.73% vs. USD) and the bearish sentiments spilled over into a Spanish bond auction where average yields rose to 2.98% (from 2.62%). However the Italian 10‐year bond auction fared relatively better, inviting 2.3x the required bids and fetching lower average yields of 5.66% (vs. 5.84% last time). The EUR/USD is currently trading around 1.29, a level last seen in early Jan‐12.

Pushing risky asset classes into a slumber

• Equities sold off (Dow Jones ‐1.0%, Euro Stoxx50 ‐2.3%) while investor confidence was shaky in precious metals (Gold ‐1.4%, Silver ‐2.6%). Instead the US dollar, Treasuries and German Bonds were the asset of choice.

• There was little respite for crude, as negative macro sentiments were dominant and prompted another wave of selling pressure, pushing both grades in the red (WTI ‐1.4%, Brent ‐0.6%). A monetary easing path adopted by China with a reduction in reserve requirement on banks by 50bps, was unable to save the sinking ship either.

• Foreign Direct Investment also receded to ‐2.4% on a YTD basis stoking worries of a soft landing in the world’s second largest economy. The major shrinkage of FDI flows was seen from Euro economies which saw a 28% YoY drop in the first four months of 2012.

Gold Spot

Technical Strategy: Sell on Strength
Gold continued to decline and registered a lower high to close around its day’s low which was well into the red. The Stochastic Oscillator though oversold maintains its sell signal while the RSI has edged down as well. Moreover the MACD continues to decline and maintains its sell signal. The first support is at US$1,549.44 and second support is at US$1,541.65. The first resistance is at US$1,563.36 and the second resistance is at US$1,571.15.

Silver Spot

Technical Strategy: Sell on Strength
Silver took resistance from its critical trendline (purple line) to close well into the red which was its day’s low. The Stochastic Oscillator continues to hover around the oversold region and has regenerated a sell signal while the RSI continues to decline as well, however has become oversold. Moreover the MACD maintains its downtrend as well as sell signal. The first support is at US$27.68 and second support at US$27.21. The first resistance is at US$28.57 and the second resistance is at US$29.02.

WTI Spot (Crude Oil)

Technical Strategy: Sell on Strength
WTI opened significantly negative to close below its support trendline (blue line). This is bearish and suggests further downside risk. The Stochastic Oscillator maintains its weak buy signal while the RSI has shown weakness in its oversold region. Moreover the 30‐DMA has cut the 100‐DMA from above thus adding strength to the bearish view. It would be prudent to wait for a positive closing before going long. The first support is at US$94.02 and second support is at US$93.26. The first resistance is at US$95.61 and the second resistance is at US$96.48.

According to KASB Securities Limited,

MSCI announced the results of the May 2012 review last night. The key takeaway from Pakistan’s vantage point is the exclusion of Habib Bank Limited from the MSCI Pakistan index, effective May 31st 2012.

Pakistan’s proforma weight in the MSCI Frontier Market will also nudge slightly down to 4.4% vis‐à‐vis current weight of 4.7%.

From Pakistan’s perspective, June 2012 remains the key where a favorable decision to upgrade UAE and Qatar to MSCI Emerging Markets should lead to ~130bp weight‐age gains for Pakistan in the Frontier Markets Index to ~5.7%.

Recall that MSCI had invited investor feedback on Pakistan’s case for upgrade to MSCI EM during the Annual Classification Review in June‐11. If and when MSCI decides to share any of this feedback, it should be keenly tracked.

MSCI Quarterly Review – May 2012
MSCI announced the results of the May 2012 review last night. As per the press release, there will be 4 additions to and 12 deletions from the MSCI Frontier Markets Index. The three largest additions to the MSCI Frontier Markets Index are Arabtec Holding (United Arab Emirates), Oman Cement Co (Oman) and Oman International Bank (Oman). The key takeaway from Pakistan’s vantage point however is the exclusion of Habib Bank Limited from the MSCI Pakistan Index, effective May 31st 2012. Prior to this, HBL has a weight of 0.4% in MSCI FM. Pakistan’s proforma weight in the MSCI Frontier Market will also nudge slightly down to 4.4% vis‐à‐vis current weight of 4.7%. KASB Securities Limited highlights that given the changes in FIF and other factors, weight‐ages of FFC, UBL, Engro Corp and NBP in MSCI FM are higher in the proforma while the weightage of PPL, PSO, Hubco are reduced vs the current weight.

Decision to upgrade UAE and Qatar to MSCI EM
The decision regarding upgrade of Qatar and UAE to MSCI Emerging Markets (MSCI EM) was deferred for 6 months to June 2012. The additional review period was allocated to allow more time to regulators and stock exchanges to address concerns raised by international institutional investors. The concerns included DVP (delivery vs. payment) settlement in UAE and stringent foreign ownership limits in Qatar. Opinions remain divided on the probability of the upgrade going through as some of the issues are yet to be completely sorted.

Could lead to weight‐age gains for Pakistan
From Pakistan’s perspective, the upgrade of these two markets (Qatar: 14.63% weight in MSCI FM and UAE: 9.69%) should lead to ~1.3% weightage gain in MSCI FM to ~5.7%. In case of a decision to upgrade Qatar and UAE in Dec, the timeline for implementation will however remain drawn out.

Pakistan’s potential upgrade to MSCI EM remains a drawn out process
The potential for Pakistan’s inclusion in MSCI EM remain restricted by the fact that only 3 companies (OGDC, MCB and FFC) currently meets the size criteria of US$1,010mn market capitalization and US$505mn free float, which was the key reason highlighted during the MSCI Annual review done in June 2011.

The other two factors as per MSCI were (1) changing the status of Pakistan country index should be viewed as an irreversible movement and (2) the lack of investor interest on Pakistan’s upgrade. However MSCI has sought investors’ feedback on Pakistan’s upgrade to MSCI EM during the upcoming annual review in June 2012. If and when MSCI decides to share any of the feedback, it should be keenly tracked to review future positioning of Pakistan in MSCI.

Source: PAMA and PJKD Research

Regulatory threat: genuine or overplayed? Auto manufacturers are passing through a tense phase as they are facing multiple threats on the regulatory front which include i) potential for relaxation in age limit for imported cars in the upcoming budget coupled with duty reduction and ii) implementation of AIDP-II, which is primarily aimed at rationalizing the prices of locally made cars via reduction in protection duties and as well as decrease in tariff slabs for imported CBUs; in order to make the industry more competitive. At present, the three major OEMs operating in Pakistan (PSMC, INDU and HCAR) are all of Japanese origin, where by way of background, the OEMs enjoy significant bargaining power as Japan is a hefty unilateral donor to Pakistan. At the same time, the OEMs and the related downstream vendor industry are important employers as well. In a nutshell, while the FY13 Budget may potentially contain a few negatives for the auto sector (possible relaxation in age limits), AKD Securities expects the GoP to stop short of taking extreme measures. Furthermore, while AIDP-II would be beneficial for the Pakistani auto consumers, failure of the first AIDP policy does raise question marks on the implementation risk of AIDP-II.

Pak Suzuki Motors Company (PSMC): Being the market leader in sales volume, in 10MFY12 PSMC was the major contributor in industry sales volume by posting sales of 90,197 units, up 30%YoY. Mehran and Bolan have shown increase of 38%YoY and 50%YoY, respectively, in 10MFY12 mostly generated by Govt. of Punjab Taxi scheme (shown in the graph), while Swift sales increased by a robust 80%YoY to 5,909 units. In Apr’12, sales volume of the company recorded 8,837 units, down by 21%MoM.

Indus Motor Company (INDU): With introduction of new Corolla Altis and Hilux Vigo Champ, the company has posted 5.1 %YoY growth in 1OMFYI2 while MoM sales have increased by 16% to 5,203 units. In 1OMFY12, Corolla has recorded sales of 37,245 units up 6.6%YoY, Coure 3,499 units, down by 30%YoY while Hilux has recorded sales of 3,317 units in the review period, up a robust growth of 64%YoY.

Honda Atlas Cars (HCAR): HOAR recorded sales of 8,751 units in 1OMFY12, down 36%YoY, and 752 units in Apr’12 down 23%MoM. This was because production was discontinued across Dec’11-Feb’12 for Civic and Dec’11-Mar’12 for City. After restart of production, Civic and City sales were 597 units and 155 units, respectively, in Apr’12.

Tractors: Local tractors Fiat (AGTL) and Massey Ferguson (MIL) jointly recorded sales of 34,464 units in 10MFY12, down 38%YoY, and 6,295 units in Apr’12. AGTL with the sales of Fiat recorded sales of 11,954 units and MTL with the sales of Massey Ferguson recorded sales of 22,510 units in 10MFY12, down 47%YoY and 32%YoY, respectively. These large YoY declines are primarily due to earlier imposition of 16% GST on tractors (now reduced to 5%).

According to Adeel and Nadeem Securities Limited, the KSE-100 share index concluded the day at 14,228.77 with a marginal decrease of 1.72 points (-0.01 percent). The intra-day range of the KSE- 100 index for the session was 14,164.53 – 14,310.09. Total shares traded during the session came down sharply by 135.52 million shares from the previous turnover of 236.95 million shares to reach at 101.42 million shares. The KSE-100 share index opened the session at 14,235.47 with an upside gap of 4.98 points and moved in both directions afterwards. g gap but also entered the green zone for a while before started the downward journey. Foreign investors were seen on the buying side with a net buy of $US 4.52 million during the session. Out of 374 active scrips, 153 closed in the positive zone, 128 in the negative zone, while the values of 93 scrips remained unchanged.

Although the KSE-100 index succeeded to close above 14,213 on Monday but now it has to cross 14,370 on upside for bullish move to continue. Otherwise it can further decline upto 14,000.

Mr. Onart was welcomed at the Federation House by FPCCI President Haji Fazal Kadir Khan Sherani, who thanked him for frequently visiting FPCCI since his posting in Pakistan. Also present on the occasion were Shiekh Shakil Ahmed Dhingra, VP-FPCCI; Mr. Amjad Rafi, Chairman Pakistan Turkey Business Council; Shiekh Imtiaz Ahmed; Mr. Nasiruddin Shiekh; and Mr. Ubaidullah Qadri.

In his welcome address, the President mentioned that Turkish firms had secured contracts worth US$192 billion in the construction sector globally, and pointed out that Pakistan could learn from Turkey’s expertise in this regard.

He said that there were tremendous opportunities for Turkish investors in textiles, leather, food processing and telecommunications in Pakistan. He also identified minerals and fruits in Baluchistan as viable investment areas for Turkish companies. In particular, he said that Baluchistan had tremendous potential for development in fruit grading, processing, packaging, and polishing.

Mr. Amjad Rafi appreciated the services of Mr. Onart and Ms. Fisun Aktug, the Commercial Counselor towards enhancing Pak-Turk trade, and appreciated the Turkish Consulate’s facilitation in ensuring quick issuance of visas.

He said that the ECO Bank and the Islamic Development Bank may be approach for financial assistance in making the Gul Train project viable. He also mentioned that Pakistani businessmen should be informed about industrial exhibitions like the Izmir Fair so that they could participate in them more actively.

Mr. Onart pointed out some shortcomings in the existing trade relations. For instance, there was no direct shipping service between Pakistan and Turkey, owing to which it took goods a month to reach Istanbul from Karachi.

He also said that the possibility of opening a branch of a Turkish bank was presently under study. He expressed his satisfaction that the negotiations with regard to the PTA between Pakistan and Turkey were proceeding favorably.

The meeting was concluded with the presentation of the FPCCI Crest to Mr. Onart.

For more information, contact:
Syed Masood Alam Rizvi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

According to the press release issued here by Pakistan Football Federation (PFF), enjoying the bulk of possession initially, Pakistan came close to scoring in the 13th minute after Faisal Iqbal crossed from the right side, but Saddam Hussain fumbled and failed to tap the ball into an open net. It was, however, Pakistan who was still dominating proceedings at the midfield.

The stronger of the two sides physically, Pakistan relied on counter-attacks with their long clearances. Around the halfway stage, Vietnam found an opening but Vietnam’ sticker’s header off a corner hit the horizontal. There was a chance for Pakistan in the second half but they could not capitalize.

The draw against Vietnam has made the situation difficult for the Greenshirts as they opened their account with one point and now will need a win against hosts Palestine in their last game on May 18 to qualify for the semifinals. However, if Pakistan notches off a draw against Palestine, then they will fight for a slot in the top four as the best second placed team, which looks difficult considering the fact that Palestine are fielding their senior team and will also have home advantage. Palestine is in stronger position as they only need a draw to make it to the last four, having beaten Vietnam 2-0 in their first match.

This is the first time that Pakistan is playing on the soil of Palestine. Palestine visited Pakistan last year and played one match each at Karachi and Lahore against the hosts’ side who were preparing for the Olympic qualifiers.

The competitions are being held under round robin system and a leading team from each group and the best second-placed side from the three groups will make it to the semifinals. The matches are being held at the Faisal Husseini Stadium, Alram, Nablus Municipal Stadium, Nablus, Majed Asad Stadium, Albireh, Alhussein Ben Ali Stadium, Hebron and Dura Stadium, Dura.

For more information contact:
Pakistan Football Federation
PFF SECRETARIAT, PFF House,
Opposite Punjab Stadium,
Ferozepur Road,
Lahore – Pakistan.
Tel: +92 42 99230821, +92 42 99230822
Fax: +92 42 99230823
Email: mail@pff.com.pk
URL: www.pff.com.pk

Pakistan is spending the lowest budget on SME development as compared to other nations of the world, thus, Government should provide enough funds in upcoming budget of 2012-13 for strengthening SME sector of the country, Yassar Sakhi Butt, President Islamabad Chamber of Commerce and Industry (ICCI) said this during a meeting with private sector representatives of SME sector.

ICCI President said that SMEs sector should be given priority to make it as an effective tool for economic development and Government should not show reluctance in allocating funds for SMEs development.

He said that Government has only provided Rs.40million for SME Development Support Fund in FY2011-12 which should be increased up to substantial level as the promotion of SMEs entails enhancement of the competitiveness of the economy and generation of additional employment.

He cited the example of Brazilian economy, which was spending $7.24 per capita on its SME agency. President ICCI was of the view our country is facing economic crunch and the optimum way of getting out of these difficulties is to facilitate the maximum growth of SMEs as promotion of SMEs would lead to creation of more job opportunities, proper utilization of young talent, emergence of thriving middle class and reduction in poverty, ultimately leading to the acceleration of economic activities in the country.

Yassar Sakhi Butt stressed that the real challenge of the government is to set the SME policy in a way that these enterprises could be transformed from static to dynamic units.

ICCI President further said that Government should revise taxation structure for SMEs as both India and China attempt to lower SME taxation to help the economy grow and in turn boost investor confidence. Thus, our Government should also draw a similar map of the taxation structure for SME sector, he maintained.

For more information, contact:
Islamabad Chamber of Commerce and Industry
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526 and 225 3145
Fax: +9251 225 2950
Email: icci@brain.net.pk
Website: www.icci.com.pk

The benchmark KSE recovered 0.6%, or 84.9 points yesterday to settle at 14313.67 level, with a turnover of 123.21mn shares (increased 58.8%) against 77.57mn shares traded on Monday.

According to AKD Securities, contraction in volume and support around the short‐term trendline produced a minor relief yesterday, which could stretch towards 14482~14567 levels, where weak sell stance would be suggestible. On the downside, weakness below 14120 would expose last reaction low of 13890.

Weekly overbought momentum and bearish crossover on STS are concerns for prolonged rally. Therefore, investors who are following the general up‐trend are suggested to trade in selective stocks and avoid committing aggressive positions.

Preferred Stocks: PSO, HUBC, LOTPTA and PTC.

She said that media should follow religious and cultural ethnic, however, these days some of the media houses were driven by commercialism and sensationalism and this trend must be discouraged. She appreciated the role of regional electronic channels which were very beautifully depicting their relevant culture and she stressed upon on promoting community radio.

Sharmila Faruqui added, ‘Media is shaping the society and it has a power to influence traditions and values. Great responsibility lies on media’.

She said that negativisms should be avoided in media. Positive aspects to be highlighted. It was the prime responsibility of media to follow the code of conduct Advisor to Chief Minister also highlighted the importance of radio journalism. Dr. Fauzia Khan Dean Faculty of Media ZABIST, DR. Rafia, Taj Chairperson/Director Institute of Mass Communication Karachi University and dr. Muhammad Ali Shaikh Vice Chancellor SMILK also addressed the ceremony.

For more information, contact:
Information and Archives Department
Directorate of Press Information
Government of Sindh
95-Sindh Secretariat 4-B, Karachi
Tel: +9221 9920 4423

According to Taurus Securities Limited, the KSE-100 Index gained 85 points to close at 14,314 on the back of 153m shares being traded. Activity was mainly concentrated in the Fixed Line Telecommunication, Food producers, Commercial Banks and Construction and materials sectors. The top gainers according to Index points were NESTLE, PPL and MCB; likewise the top decliners were EFOODS, UBL and PICT.

Taurus Securities Limited recommends investors to Sell on Strength.

According to Alfalah Securities Limited, SECP has also been a member of IOSCO since 1998. IOSCO is an international standard setter in the field of securities regulation, having a membership base from 115 countries and covering more than 95% of the world’s capital markets. It is also responsible for the establishment and maintenance of high regulatory standards for the securities industry.