نیا حصہ سائنس، ٹیکنالوجی اور صحت کی دنیا میں تازہ ترین رحجانات کو تلاش کرے گا

بی بی سی ڈاٹ کام نے آج برطانیہ سے باہر اپنے ناظرین و سامعین کو سائنس، ٹیکنالوجی، ماحولیات اور صحت کے شعبہ جات میں مستقبل کے رحجانات پر ہمہ گیر موضوعات پیش کرنے کے لیے اپنے نئے حصے –فیوچر- کی رونمائی کی ہے۔ نئے صفحات کا مصدر جدید تحقیق ہوگا تاکہ پہلے سے سائٹ پر موجود ٹیکنالوجی، سائنس، ماحولیات اور صحت کے صفحات کو بہتر کیا جائے۔

(تصویر: http://www.newscom.com/cgi-bin/prnh/20120222/511284)

اجراء کے موقع پر، فیوچر 12 کالموں پر مشتمل ہوگا، جو سائنس و ٹیکنالوجی کے معروف لکھنے والوں کی خصوصی تحاریر پر مشتمل ہوں گے: ان میں ایڈ یونگ، فِل بال اور شیرون وائنبرگر کی تحاریر، کلک کا وڈیو مواد، دنیائے ٹیکنالوجی سے جدید ترین گیجٹس اور ہونے والی پیشرفت پر بی بی سی ورلڈ نیوز کی گائیڈ، 60 سیکنڈ کی آڈیو بائٹ اور خصوصی طور پر بنائے گئے انفوگرافکس شامل ہوں گے۔ کالم دو یا تین مضامین کے حامل ہوں گے اور روز مرہ زندگی  میں اٹھنے والے عملی سوالات کے جوابات تلاش کریں گے جیسا کہ: ‘ہم کیوں ناموں سے شناخت کرتے ہیں اور چہروں سے نہیں’، طبی غلط فہمیاں جیسا کہ ‘کیا ہمیں نیند میں چلنے والے کسی شخص کو ہمیشہ جگا دینا چاہیے’ اور ‘کیا ہم کبھی ۔۔۔ خوابوں کا رمز کھول پائیں گے’۔

دیگر کالم بتائیں گے کہ ہم ٹیکنالوجی کے ذریعے آنے والی تبدیلیوں کے ساتھ کیسے رہ سکتے ہیں۔ ہم کیسے زمین کی بقاء کو یقینی بنائیں گے اور خلا کے بارے میں منصوبوں اور مستقبل کے ذرائع نقل و حمل کس طرح بہتر انداز میں ڈیزائن کر سکتے ہیں۔ یہ تحاریر متعدد موجودہ و موضوعاتی مضامین  میں بھی مزید تحقیق کریں گی جیسا کہ یہ جاننے کی خواہش کہ سوشل میڈیا مستقبل کی پیش بینی کر سکتا ہے یا نہیں اور اس کام کے بارے میں آگاہی دی جائے گی جو دنیا کی موجودہ سات ارب کی آبادی کی غذائی ضروریات کو پورا کرنے کے لیے جاری ہے۔ علاوہ ازیں مستقبل کے ہسپتالوں پر نظر بھی ہوگی، جہاں سائنس دان اور ڈیزائنر امراض کے پھیلاؤ کو روکنے کی کوششوں میں ساتھ مل کر کام کر رہے ہیں۔

فیوچر کے غیر ملکی صارفین ٹویٹر https://twitter.com/bbc_future اور فیس بک http://www.facebook.com/BBCFuture کے ذریعے اپنا سفر اور مذاکرہ جاری رکھنے کے قابل ہوں گے جہاں شائقین سے تحاریر پر اپنے خیالات پیش کرنے کا مطالبہ کیا جائے گا۔

بی بی سی ڈاٹ کام کے قائم مقام ایم ڈی کرس ڈیویس نے کہا: “بی بی سی فیوچر بی بی سی ڈاٹ کام میں ایک نیا اور دلچسپ اضافہ ہے، جو صحت سے لے کر کائنات کے بارے میں معلومات جیسے متعدد جدید موضوعات پر نئے انداز میں اور تفصیل سے نگاہ ڈالے گا۔ اپنی ساتھی سائٹ –بی بی سی ٹریول- کی طرح ہم امید کرتے ہیں کہ یہ نیا حِصہ برطانیہ سے باہر صارفین کے لیے سائنس، ٹیکنالوجی، صحت اور ماحولیات میں ایک زیادہ معلوماتی و تفریحی تجربہ ثابت ہو گا۔”

فیوچر کے فیچر ایڈیٹر جوناتھن فلڈس نے کہا کہ “ہمارے قارئین ہمیں بتاتے رہے ہیں کہ وہ سائنس، ٹیکنالوجی اور صحت کے موضوعات پر بی بی سی ڈاٹ کام پر زیادہ مواد چاہتے ہیں، اس لیے ہم نے سخت محنت کے بعد اسے پیش کیا ہے۔ ہم خبر میں جدت کے ساتھ ساتھ یہ بھی بتانا چاہتے ہیں کہ یہ جدت کس طرح ہماری زندگیوں کو متاثر کرے گی اور ہم نے ان خبروں کو پیش کرنے کے لیے سائنس کے بارے میں لکھنے والے دنیا کے چند بہترین مصنفین کو بھرتی کیا ہے۔ تو –آپ یہ جاننا چاہتے ہوں گے کہ آج سے 10 سال بعد آپ کس طرح کی گاڑی چلا رہے ہوں گے، مستقبل میں آپ کی خوراک کیسے پیدا کی جائے گی اور سائنس دان کس طرح آپ کے دماغ کی پیچیدہ گتھیوں کو سلجھانا شروع کریں گے – مجھے امید ہے کہ قارئین تسلیم کریں گے کہ یہاں ہر کسی کے لیے کچھ نہ کچھ موجود ہے اور وہ بھی اس سائٹ کو چلانے میں اتنا ہی لطف محسوس کریں گے کہ جتنا کہ میں نے اسے اکٹھا کرنے میں حاصل کیا ہے۔”

بی بی سی ڈاٹ کام کا تازہ ترین ایڈیشن برطانیہ سے باہر مقیم حاضرین کے لیے بی بی سی کی کمرشل ویب سائٹ کے حصے کے طور پر بنایا گیا ہے، اور یہ بین الاقوامی صارفین کے لیے زیادہ متعلقہ اور ذاتی تجربہ پیش کرنے کی حکمت عملی کا حصہ ہے۔ یہ اجراء 2010ء میں بہتر کیے گئے ٹریول شعبے اور ایشیا بحر الکاہل میں کھیلوں کے اور مرکزی صفحے پر ہونے والی تازہ ترین تبدیلیوں کے بعد آیا ہے۔ اجراء کے موقع پر فیوچر کو امریکہ میں لیکسس کی کمرشل شراکت داری کی مدد حاصل ہوگی۔

فیوچر کے بارے میں مزید تفصیلات کے لیے سائٹ ملاحظہ کیجیے: http://www.bbc.com/future یا قائم مقام ایم ڈی کرس ڈیویس سے مزید پڑھیے : http://wp.me/p1k1eH-ek

ہدایات برائے مدیران

بی بی سی ڈاٹ کام کو نومبر 2007ء میں برطانیہ سے باہر ایک بی بی سی کی آن لائن سائٹ کے بین الاقوامی ورژن کے طور پر جاری کیا گیا تھا، جسے اشتہارات کی مدد حاصل تھی۔ اس وقت اس کے ماہانہ 58 ملین * یونیک صارفین ہیں اور یہ بی بی سی میں دوبارہ سرمایہ کاری کے لیے وسائل پیدا  رہا ہے۔* ذریعہ: اومنیچر اپریل- ستمبر 2011ء ماہانہ اوسط۔ میں سال بہ سال 17 فیصد اضافہ ہے اور صفحات کو دیکھنے میں 33 فیصد اضافہ ہوا۔ بی بی سی ڈاٹ کام انگریزی زبان کی ویب سائٹ ہے۔

ذریعہ: بی بی سی ورلڈ وائیڈ لمیٹڈ

New section will explore latest trends from the world of Science, Technology and Health

BBC.com today unveiled the latest of its new sections – Future – to offer audiences outside the UK a host of universal topics focused on future trends in the worlds of science, technology, environment and health. The new pages will be rooted in robust research to ensure they are informative yet entertaining and complement the technology, science, environment and health news pages already available on the site.

(Photo: http://www.newscom.com/cgi-bin/prnh/20120222/511284)

At launch, Future will comprise of 12 columns, specially commissioned features from leading writers in science and technology including: Ed Yong, Phil Ball and Sharon Weinberger, video content from Click, BBC World News’s guide to the latest gadgets and goings on from the world of technology, 60 second audio bites and beautifully created Infographics. The columns will consist of two to three stories and explore an array of practical questions including: ‘Why do we… recognize names and not faces’, medical myths such as ‘Should you ever wake someone who’s sleepwalking’ and ‘Will We Ever…decode dreams’.

Other columns will explore how we can live with and through technology changes, how we can intelligently design our planet to ensure its survival, current plans for the exploration of space and transport of the future. The features will delve even further into a number of current and topical debates such as seeking to uncover whether social media can predict the future, and revealing the work that is underway to ensure we can feed the world’s current population of seven billion. There will also be look into hospitals of the future, where scientist and designers work together in a bid to cut the spread of disease.

Overseas visitors to Future will be able to continue their journey and conversation with others via Twitter https://twitter.com/bbc_future and Facebook http://www.facebook.com/BBCFuture where fans will be asked to share their thoughts on the articles.

Chris Davies, acting MD of BBC.com said: “BBC Future is an exciting new addition to BBC.com, offering a new and in depth take on a diverse array of current topics from health to matters of the Universe. Like its sister site – BBC Travel – we hope this bespoke new section will offer users outside the UK with a thirst for science, technology, health and environment a more informative and entertaining experience.”

Jonathan Fildes, Features editor for Future added: “Our readers have been telling us that they want more science, technology and health on bbc.com, so we’ve worked hard to deliver this. Every story aims to combine the cutting edge with an understanding of how these advances affect our lives. And we’ve recruited some of the best science writers in the world to help tell those stories. So – whether you want to know what kind of car you will be driving 10 years from now, how your food will be produced in the future or how scientists are beginning to unpick the complexities of your brain – I hope readers agree there is something here for everyone and that they will enjoy exploring the site as much as I’ve enjoyed putting it together.”

This latest addition to BBC.com has been created as part of the BBC’s commercial website for audiences out the UK, and is part of the sites ongoing strategy to offer a more relevant and personal experience for international users. It follows the 2010 launch of a bespoke Travel section and a number of refreshes most recently to the Sports page and homepages across Asia-Pacific. At launch Future will be supported by commercial partner LEXUS in America.

For more details on Future, please visit the site at: http://www.bbc.com/future or read more from acting MD, Chris Davies at: http://wp.me/p1k1eH-ek

NOTES TO EDITORS
BBC.com was launched in November 2007 offering users outside of the UK an international version of the BBC’s online site, supported by advertising. It is currently attracting around 58 million* unique users per month generating revenues to reinvest in BBC content and services.* Source: Omniture April-September 2011 monthly average. This is 17% up YoY, with page views up 33%. BBC.com is an English language site.

Source: BBC Worldwide Limited

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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

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

Top Gainer Mitchell’s Fruit Farms Rs. 119.58 with an increase of Rs. + 5.69.

Top Loser Unilever Pakistan at Rs. 5601.20 with a decrease of Rs. -48.80.

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Yesterday was an eventful day with major banks viz. MCB, UBL and 2nd tier BAHL announced results. Standard Capital thinks all three results were good since Standard Capital saws improving spreads of the banking sector amid lessening provisions. However, MCB’s operating expenses increased and hence results dampened market expectations. Nevertheless Standard Capital believes MCB to regain its earnings propensity in 1QCY12. Standard Capital remains positive in MCB, UBL and BAHL with CY12 PE of 7.7x, 5.5x & 6.3x respectively. UBL stood out with a whooping cash dividend of Rs 6/share.

Reasonable rise in MCB Bank earnings
The profit of MCB Bank Limited (MCB) for the period ended 31st December 2011 hiked by 15.13 % to Rs19.42 billion (EPS: Rs23.23) as compared to Rs16.87 billion (EPS: Rs20.18) in the same period of last year. According to financial results announced on Wednesday, higher net interest and non‐interest incomes remained key drivers. MCB also announced a final cash dividend of Rs3 per share, taking the total cash dividend of Rs12 per share for 2011. Besides, MCB announced a 10 % bonus issue. Interest income of enlarged by 24.3% to Rs68.14 billion for 2011 against Rs54.82 billion recorded in the same period of last year. On the other side, interest expenses hiked by 31.31 % to Rs23.62 billion compared to Rs17.98 billion in 2010. That’s why, net interest income increased by 20.9 % to Rs44.52 billion against Rs36.83 billion in 2010.MCB reported Rs4.16 billion as non‐performing loans against advances for 2011 versus Rs6.26 billion in 2010. The archless heels for MCB remains operating expenses increased by 28.21 % to Rs16.9 billion for the period ended 2011 versus Rs13.24 billion in 2010.

UBL profit rocket 41%
United Bank Limited (UBL) has announced its financial result for the year ended December 31, 2011 which states that profit after taxation of the Bank increased by 41.4 % to Rs15.5 billion as compared to Rs10.96 billion in the same period of last year translating into earning per share of Rs12.66 for 2011 versus Rs9.12 in 2010. UBL also announced final cash dividend of Rs6/share which is in addition of Rs1.5/share, taking cumulative Dividend to Rs7.5/share also accompanied with the results. Key highlights of the CY11 results include 15 % growth in net interest income, 8.9 % decline in total provisions possibly due to FSV benefit and surge in non‐interest income by 26.1 %.Striking earnings growth mainly stemmed from sharp improvement in net interest income (NII), increase by 15 % to Rs39.42 billion. Thanks to better return on assets amid higher interest rates. Bank interest earned hiked by 18.9 % to Rs70.45 billion for 2011 against Rs59.27 billion in 2010 mainly due to higher lending rate. Similarly, interest expenses increased by 24.12 % to Rs31.02 billion compared to Rs24.99 billion in 2010.Non‐interest income surged by 26.05 % to Rs12.71 billion in 2011 also supported bottom‐line, owing to overall improvement in trade activities. Similarly, operating expenses remained higher by 9.6 % to Rs20.63 billion versus Rs18.82 billion in 2010.

Bank Al‐Habib issued Rs 2.5/share cash dividend, 15% Bonus
Bank Al‐Habib Ltd (BAHL) has posted a higher profit after tax of Rs 4.5 billion for the year ending December 31, 2011 and announced a final dividend of Rs 2.5/share and 15 % bonus. According to financial results of the bank to Karachi Stock Exchange on Tuesday, the pre‐tax profit also surged to Rs 7.2 billion compared to Rs 5.7 billion in 2010. The EPS improved to Rs 5.16 during the year under review compared to Rs 4.10 in the same period last year.

Standard Capital maintains BUY in MCB, UBL and Hold in BAHL.

According to KASB Securities Limited,

• Bullion prices shifted up a gear, advancing by 1.4% as financial markets cheered the finalization of the second Greek aid package.

• From a technical perspective, gold has given a breakout above its resistance trendline while the Stochastic Oscillator maintains its buy signal.

• The first support is at $1,748.96 and second support is at $1,742.10. The first resistance is at $1,766.93 and the second resistance is at $1,774.60.

Gold powers ahead as commodities rally
Commodities across the board surged (CRB Index +5.1) as Euro zone finance ministers struck an agreement for a second bailout deal for Greece. Gold also picked up the pace (+1.4%) breaking its correlation with the Euro (‐0.1% vs. USD) that remained choppy over concerns that the bailout would not be seen through. Performance in US equity markets was a mixed bag as the Dow Jones crossed the psychological barrier of 13,000 points for the first time since May‐08, but closed below it after investors opted to book profits.

Technical Strategy: Buy
Gold gave a strong performance and closed well into the green giving a breakout above its critical resistance trendline (black line) in the process. The Stochastic Oscillator maintains its buy signal while the RSI continues to improve while maintaining its buy signal. The first support is at $1,748.96 and second support is at $1,742.10. The first resistance is at $1,766.93 and the second resistance is at $1,774.60.

WTI Spot (Crude Oil)

• Crude shot up by 2.5% and touched levels last witnessed in May‐11 over optimism on securing a Greek deal. Added geopolitical risks emerging from Iran also propped up prices.

• From a technical perspective, WTI’s Stochastic Oscillator is in a failure swing while the RSI maintains its uptrend as well as buy signal.

• The first support is at $105.25 and second support is at $104.67. The first resistance is at $106.43 and the second resistance is at $107.01.

WTI sky rockets
Oil prices leaped ahead by 2.5% as Greece secured a life‐line aid package thereby averting a chaotic default. Geopolitics also upped the ante as Iran halted its crude exports to France and Britain ahead of planned EU sanctions due to be imposed in July. As per the US Energy Department, EU nations purchased 452kpd of oil from Iran in 1H2011 or 18% of the nation’s crude exports. Furthermore as per reports, Iran has also offered extra crude supplies to India on revised terms and conditions however a response from the other side is still awaited.

Technical Strategy: Buy
WTI remained strong throughout the session to close well into the green. The Stochastic Oscillator is in a failure swing while the RSI maintains its uptrend as well as buy signal. Additionally the MACD has conformed to an uptrend while maintaining its buy signal. The first support is at $105.25 and second support is at $104.67. The first resistance is at $106.43 and the second resistance is at $107.01.

Silver Spot

• Spot silver was no exception, jumping on the commodity rally bandwagon and advanced by 2.2%.

• From a technical perspective, silver’s Stochastic Oscillator maintains its buy signal while the RSI has shown improvement.

• The first support is at $33.94 and second support at $33.59. The first resistance is at $34.67 and the second resistance is at $35.06.

Silver shoots up despite slump in China imports
Spot silver was no exception, jumping on the commodity rally bandwagon (S&P GSCI +11.5) and pulling ahead by 2.2%. China’s imports of silver fell to 192 tons in Jan, the lowest level in 3 years. For CY11, China’s total imports of silver stood at 3,575 tons which marked a four‐year low. Despite the contraction seen in the metal’s imports, this had little impact on price as the industrial metal gained US$0.73/oz to wrap up proceedings at US$34.31/oz.

Technical Strategy: Buy
Silver gave a strong performance to close in the green and registered a higher high and a higher low. The Stochastic Oscillator maintains its buy signal while the RSI has shown improvement and has generated a buy signal as well. It is worth mentioning that silver is on the verge of giving a breakout above its resistance trendline (black line). The first support is at $33.94 and second support at $33.59. The first resistance is at $34.67 and the second resistance is at $35.06.

According to KASB Securities Limited,

• The index faced resistance from the 12,600 points mark and has created a spinning top in the process. The resultant formation suggests that a retest of its trendline cannot be ruled out. The overall trend is bullish.

• The Stochastic Oscillator has shown weakness and has come down from the overbought region while generating a weak sell signal. On the other hand the RSI continues to rise and maintains its buy signal.

Analysis and Overview:
The index opened positive and after entering the red zone mid day, it recovered to register its day’s high and closed in the green. Volumes registered a two year high and stood at 322.47 million. The index faced resistance from the 12,600 points mark and has created a spinning top in the process. The resultant formation suggests that a retest of its trendline cannot be ruled out. The overall trend is bullish.

The Stochastic Oscillator has shown weakness and has come down from the overbought region while generating a weak sell signal. On the other hand the RSI continues to rise and maintains its buy signal. As a composite, some of the key stocks suggest consolidation.

KASB Securities Limited maintains KASB Securities Limited’s bullish stance on the market and suggest accumulating on weakness. KASB Securities Limited likes AICL, DGKC, HUBC, LUCK, NML and PPL.

The first support is at 12,482 points and the second support is at 12,425 points. The first resistance is at 12,607 points and the second resistance is at 12,673 points.

According to KASB Securities Limited,

• KASB Securities Limited believes Kadanwari field has the potential to deliver additional 100‐ 125mmcfd of gas, given encouraging results on recent drilling.

• As a result, KASB Securities Limited lifts KASB Securities Limited’s above‐consensus estimate by another 4‐6% (small downgrade in other fields included) and raise PO to PRs180.61.

• With wellhead gas price of US$8.5/mmbtu, volume addition from the field will have a magnified impact on OGDC’s earnings (stand alone impact PRs1.5/sh).

• KASB Securities Limited sees plenty of areas for future surprises in OGDC on the appraisal side. Another key project which can have magnified impact on OGDC is Sara West.

• KASB Securities Limited expects 2Q earnings of PRs4.98/sh and DPS of PRs1.5‐2/sh. Overall, a strong earnings trend seen in 1Q looks all set to continue in 2Q.

FY12 is proving to be an exciting year; Buy
FY12 is turning out to be a more exciting year for Oil & Gas Develop. Company than KASB Securities Limited thoughts at the start. Latest being expected volume addition of 100‐125mmcfd from a non-operated field Kadanwari (OGDC stake 50%) as confirmed by KASB Securities Limited’s channel checks. KASB Securities Limited lifts KASB Securities Limited’s above‐consensus estimate by another 4‐6% (small downgrade in other fields included) and raise PO to PRs180.61 ahead of 2Q result on 23rd Feb. KASB Securities Limited believes market is yet to fully appreciate the strong underlying earnings, and impressive volume growth.

High wellhead price means magnified earnings impact
With one of the highest wellhead gas price of US$8.5/mmbtu, volume addition from the field will have a magnified impact on OGDC’s earnings (stand alone PRs1.5/sh). KASB Securities Limited is not completely surprised by the expected volume addition given a high producing well on Kadanwari 27 with gas production of 50mmcfd of or 60% of current field’s flow. KASB Securities Limited understands the first flow is likely within a month with production expected to gradually ramp up. With key development projects (KPD, Nashpa II) already in the bag and expected addition from Kadanwari, KASB Securities Limited’s confidence on OGDC’s capacity to deliver 3‐year volume CAGR of 15% remains high. This makes OGDC one of the fastest growing E&Ps among the mid‐cap peers.

More surprises are likely
KASB Securities Limited sees plenty of areas for future surprises in OGDC. These include successful appraisal drilling on Nashpa III and Makori East II (currently under testing) and higher volume addition from Qadirpur. Another key project which can have a magnified impact is Sara West (OGDC stake 100%) with volume addition of 120mmcfd (not included in KASB Securities Limited’s estimates given lack of details).

Kadanwari to provide relief on gas supply shortage
Production addition from Kadanwari could have not come at a more appropriate time. While the govt. is yet to decide on the allocation of expected addition to different sectors, overall, this will provide a meaningful relief at a time of growing gas supply shortage in Pakistan (estimated at 700‐800mmcfd or 17% of supplies). Election consideration (currently scheduled for next year) may reflect in overall gas allocation with power (to reduce the power shortages) and domestic consumers (new gas connections) receiving a bulk of expected gas addition.

2Q earnings of PRs4.98 (1H PRs10.07, up 37%)
OGDC is set to announce 2Q results on 23rd of Feb. KASB Securities Limited expects earnings for 2Q of PRs4.98/sh and DPS of PRs1.5‐2/sh. Overall, a strong earnings trend seen in 1Q looks all set to continue in 2Q. 1H earning should come in at PRs10.07/sh, up 37%. Key drivers of bottom‐line growth are (1) volume addition, (2) high oil prices (up 38%) along with rupee depreciation and (3) recovery in other income. KASB Securities Limited’s key concern is build‐up on receivables on the balance sheet which crossed PRs100bn mark in 1Q though strong surplus cash position (PRs55bn in 1Q) should mean receivables build‐up will have limited impact on the payout.

According to Adeel & Nadeem Securities Limited, however once again profit taking during the session wiped out most of the intra-day gains. The KSE-100 share index finished the session with an increase of 22.22 points (+0.18 percent) at 12,517.90. The intra-day range of the KSE- 100 index for the session was 12,508.67 – 12,595.57. Total shares traded during the session declined marginally by 0.42 million shares from the previous turnover of 233.27 million shares to reach at 232.85 million shares. The KSE-100 share index opened the session at 12,513.71 with an upside gap of 18.03 points and once again, for the entire session it played in the green zone. Oil sector led the market surge on the back of increase in oil prices in the global markets. The foreign investors were seen on the selling side with a net sale of $US 0.23 million during the session. Out of 445 active scrips, 140 closed in the green zone, 104 in the red zone, while the values of 201 stocks remained unchanged.

The KSE-100 share index is currently bullish with the stop loss of 12,175 with the next target of 12,756.

According to AKD Securities, the result translates into an EPS of PkR10.03 in 1HFY12E versus EPS of PkR7.35 in 1HFY11, a growth of 36%YoY. Earnings growth is likely to be underscored by higher development returns backed by higher oil prices and favourable currency move, exchange gains shoring up other income and lower exploration charges. Topline growth is expected to clock in at 11%YoY to PkR89.6bn led by an increase in realized prices and higher gas volumes (up 7%YoY) despite an estimated 2.4%YoY decline in oil production. Sequentially, AKD Securities expects 2QFY12 earnings of PkR4.93/share, down 3%QoQ due to normalizing tax rate and marginally higher seismic acquisition costs. Alongside the result, AKD Securities expects OGDC to announce an interim DPS of PkR1.5/share taking 1HFY12 dividend to PkR3.0/share. AKD Securities retains AKD Securities’ positive outlook on OGDC where upcoming monetizations from project developments and the JV asset portfolio should support volume outlook and lead an estimated 28.6%YoY earnings growth for FY12E. At current market price, the stock offers an upside of 7.9% to AKD Securities’ NAV-based target price of PkR177/share-Accumulate.

NML: 1HFY12 Result Preview

Nishat Mills Limited (NML) is scheduled to announce its 1HFY12 results on Feb 24’12. In this regard, AKD Securities expects the company will post NPAT of PkR1,760mn (EPS: PkR5.00) in 1HFY12, down by 14.5%YoY compared with 1HFY11 NPAT of PkR2,057mn (EPS: PkR5.85). In this regard, gross margins are forecasted to dip by 3pptYoY to 12.4% following the steep decline in cotton price in the period under review. That said, other operating income is forecasted to surge by 51%YoY to PkR1,820mn primarily from higher dividend income from group companies. For 2QFY12, AKD Securities expects NML’s NPAT to stand at PkR728mn (EPS: PkR2M7), which implies a decline of 29.4%QoQ due to lower other operating income. AKD Securities don’t expects a major QoQ change in the top-line as decreasing volumes should be compensated by a slight increase in product prices. As such, 2QFY12 gross margins are expected to rebound to -14% on the back of better pricing in the weaving and garments segments. Other operating income is expected to register at PkR410mn, down a sizeable 61%QoQ as 1QFY12 results were supplemented by higher final dividend payouts from investee companies. Going forward, with cotton prices likely to follow a stable price of -US$1.0/lb in FY12F,which bodes well for core textile profitability while expected dividend income from power subsidiaries, particularly NPL will further augment bottom-line going forward. Currently, AKD Securities has accumulate stance on NML, with target price of PkR55/share offering a 9% upside potential.

Last three candles show minor supply at 12611 level.

According to AKD Securities, however, the daily momentum data (MACD, RSI and STS), and short‐term averages remain supportive of a bullish view. Has to overcome Friday’s high (12611) for 12668 level to allow an immediate base in 12534~12475 area for a short‐term strength towards 12884~12981 levels. Internal supply at 12787. A relapse through 12490~12475 would expose minor weakness towards 12426 and 12362 levels. Preferred stocks include PSO, OGDC, ENGRO, NML, DGKC, UBL, NBP, and PTC.

Broader perspective: Keeping faith with a confirmed bullish reversal through Oct’11 peak of 12246, AKD Securities continues to scope for 12638 and 12906 levels (internal targets). Nearby supports exist around 12369 and 12037. In AKD Securities’ view, the bullish cycle would remain valid till mid of March’12, with maximum possibility for 13341~13775 area.

PSO (265.8)
Strength expected towards 274.35~280.34. Internal supply in 267.5~268.37, whereas supports at 256.4 and 252.7. Risk below 249.

ATRL (121.82)
Short‐term impulse initiated from 118.5~120.25 should carry the stock towards 127.66 and 130.49~133.32. Buy at 120.25 with risk below 118.5.

FFBL (46.79)
Buy with risk below 46.36, scoping for 48.16 and 48.72~49.28 area. Internal resistance at 47.05 and 47.47.

NBP (49.37)
Scope for 50.45~51.74. Supports at 49.17, 48.37 and 47.58.

According to Taurus Securities Limited, the KSE-100 Index gained 26 points to close at 12,544 on the back of 322m shares exchanging hands. Most of the activity was concentrated in the Chemicals, Construction & materials, Banks and Financial services sectors. The top gainers according to Index points were ULEVER, COLG and UBL; likewise the top decliners were MCB, SCBPL and OGDC.

Taurus Securities Limited advises investors to hold onto their positions.

According to Elixir Securities Limited,

Price driven revenue growth

2QFY12 volumes shall remain unchanged both on YoY and QoQ basis, as 6% YoY decline in oil production shall offset 5% YoY growth in gas volumes. As such, revenue growth during 2QFY12 shall primarily be price driven. 29% YoY growth in oil prices shall deliver 16% YoY growth in oil revenues, while gas revenues would grow by 1% due to capped nature of various fields. Hence, Elixir Securities Limited expects 2QFY12 revenues to rise by 9% YoY. As oil prices have remained largely unchanged from the previous quarter, 2QFY12 revenues shall be up a mere 2% QoQ.

Other Income to remain strong

Elixir Securities Limited expects 2QFY12 other income to remain strong on the back of stellar cash balances, though Elixir Securities Limited expects a slight attrition QoQ due to lower interest rates. Elixir Securities Limited expects 2Q other income to clock in at PKR2.2bn, down 4% QoQ but up a staggering 6x YoY. Sep‐11 cash balances at PKR55bn were more than twice of 1HFY11 average cash balances (PKR23bn).

Operating expenses to rise; while exploration cost to remain low

Elixir Securities Limited expects 2QFY12 operating expenses to jump 22% YoY on account of higher amortization cost. Average amortization expenditure for OGDCL increased after reclassification of reserves for various fields from 2P to 3P by third party during FY11. 1QFY12 amortization cost was up 42% YoY, which pushed up operating expenses by 14%.

Exploration expenditure, on the other hand will likely fall 33% YoY due to absence of dry wells in 1H. However seismic activity remained high during the quarter, and will form bulk of the exploration cost as OGDCL acquired 77% higher 2D seismic.

OGDC: Profitability is likely to rise by 36% YoY to PKR 9.97/share in 1HFY12

OGDC is set to announce its results for 1HFY12 results on February 23, 2012.

According to Arif Habib Limited expects the company to post net earnings of PKR 42,864mn (EPS: PKR 9.97) compared to PKR 31,598mn (EPS: PKR 7.3) in the corresponding period last year. This growth of 36%YoY in 1HFY12 is attributable to a 6.7%YoY increase in gas production, 37%YoY rise in oil prices and almost 4x jump in other income (better liquidity with the company). During 1HFY12, gas output augmented on higher production from Manzalia and Qadirpur fields, while witnessed a net contraction in overall oil production from Chanda and Kunar fields. In 2QFY12, company’s net income is estimated at PKR 21,044mn (EPS: PKR 4.89), a decline of 4% QoQ. This decline on sequential basis is mainly due to lower oil production which was down by 1.5% QoQ. During the period oil prices remained stagnant at USD 108/bbl while PKR depreciated by 1.2% QoQ. Arif Habib Limited also expects the company to pay a cash dividend of PKR 1.5/share alongwith the results, taking the cumulative dividend to PKR 3.0/share in FY12.

NML: Earnings to remain depress by 27% YoY in 1HFY12

Nishat Mills Limited is scheduled to hold its Board meeting on February 24, 2012 to announce its financial results for 1HFY12. Arif Habib Limited expects the company to post net income of PKR 1,493mn (EPS: PKR 4.25) in 1HFY12 compared to PKR 2,058mn (EPS: PKR 5.85) in 1HFY11, depicting a decline of 27% YoY on standalone basis. On QoQ basis Arif Habib Limited expects company to post earnings of PKR 461mn (EPS: PKR 1.31) during 2QFY12 compared to PKR 1,031mn (EPS: PKR 2.93) in 1QFY12, depicting a decline of 55% QoQ. This in Arif Habib Limited’s view will contract company’s gross margin to 9.9% in 2QFY12 from 10.7% in 1QFY12, owing to lower cotton prices causing inventory loss and higher fuel cost. During the 2QFY12 company only received a dividend of PKR 3.0/share from MCB due to which other income is expected to remain depressed by 45% QoQ.

According to Alfalah Securities Limited, the price of HOBC is likely to go up by PKR 7.30 per litre, Petrol by PKR 3.60 per litre, Diesel by PKR 1.78 per litre, Light Speed Diesel by PKR 2.68 per litre and kerosene oil by PKR 2.69 per litre.

An increase in petroleum prices would heat up inflation in the economy as POL products are widely used in the production of electricity and consumed as a fuel. Moreover, an increase in POL prices would result in reducing the popularity of the present government and in order to avoid such un-populist measures the Finance ministry is also considering maintaining petroleum prices at current levels by absorbing the price hike impact in Petroleum Levy as consumers are already overburdened due to high PL and sales tax charges on POL products. The government has been able to collect PKR 9 billion through Petroleum Levy during the1HFY12.

According to Alfalah Securities Limited the funds raised through rights issuance would be utilized for financing new generation projects, capital expenditure requirements for system development and improvement, meeting working capital requirements as well as reducing the burden of debt servicing thus improving profitability.

The paid-up capital of KESC after issuance of right shares, if fully subscribed, would increase to PKR 93.05 billion (26.59bn shares) from previous PKR 85.7 billion (24.49bn shares). KESC’s book value per share currently stands at PKR 0.06/share whereas, the accumulated losses of the company amounts to PKR 88.73 billion as of 1HFY12. Alfalah Securities Limited recommends a cautious stance on KESC and advise investors not to subscribe to the right issuance.

According to Alfalah Securities Limited, as reported in the newspaper, the rate of interest would be as high as 6% as compared to prevailing rates in the global market where LIBOR is at 1.06% which would also increase the burden of debt financing on the economy.

Pakistan’s foreign exchanges reserves currently stand at USD 16.7 declining from above USD 18.0 billion from the beginning of FY12. The recent January trade deficit stood at USD 1.3 billion which was mostly offset by higher remittances of USD 1.11 billion in January alone. The total balance of goods, services and income reported a deficit of USD 1.73 billion and the financial account also stood at a deficit of USD 159 million in January, 2012. Therefore roughly Alfalah Securities Limited can expects the foreign exchange reserves would take a burden of USD 750 million every month to meet the balance of payment requirement in the absence of further foreign loans. Moreover an additional liability of USD 1.2 billion is due to be paid in FY12 in lieu of IMF stand by arrangement. Therefore, Alfalah Securities Limited believes that the economy is facing serious threats on the external front which may lead to steeper devaluation of Pak Rupee where Alfalah Securities Limited expects the currency to devalue by 8% in FY12.

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

In an emergent meeting of chairmen and other office bearers of all the seven industrial associations held in the office of Korangi Association of Trade and Industry (KATI) wherein all the chairman and representatives of 7 (seven) industrial associations and a large number their members attended, have demanded of the government to immediately stop EOBI’s harassment and way of working by the EOBI’s staff which has jeopardized the smooth working of the industrial areas.

“The way EOBI officials are behaving never happened before”, said associations’ members during the meeting. They said that EOBI officials are constantly harassing and giving threats of sealing the factories if their demands were not met.

They appealed to the Governor Sindh and Chief Minister besides Interior Minister, Rehman Malik to intervene and save industrialists from EOBI’s harassments. They further demanded of the Chairman EOBI, Zafar Iqbal Gondal to stop EOBI’s highhandedness immediately otherwise all the associations would announce their further line of action through a joint press conference very soon.

The representatives of all the associations have requested the government on this occasion to reprimand EOBI officials responsible for harassment to the industrialists otherwise industrial peace of Karachi would be jeopardised.

They said in the meeting that no government functionary would be allowed to harass the industrialists. He made it clear that industrialists always abide by the rules and regulations and would not allow EOBI’s officials to violate industrial peace. He said that before going for any extreme step the industrial representatives would approach all the power corridors to warn EOBI from extorting the industrialists.

The meeting attended by the Chairman KATI Ehtesham Uddin, Former Chairman KATI Mian Zahid Hussain, Chairman SITE Association of Industry, Irfan Moton, Chairman North Karachi Association, Abdul Rasheed Fodderwala, Chairman, F B Area Association, Masroor Ahmed Alvi, Chairman Landhi Association Zaid Basheer, representative’s of Bin Qasim Association Abdur Rehman Ismail and representatives of SITE Superhighway Association, Faisal Moeen Qureshi.

For more information, contact:
Nadeem Ahmed
Press Secretary
Korangi Association of Trade and Industry (KATI)
ST-4/2, Sector 23, Korangi Industrial Area, Karachi 74900
Tel: +9221 3506 1211 -2
Cell: +92346 2012346
Fax: +9221 3506 1215
Email: kati@kati.pk

The event featured a Prize Distribution and Dealer Sales Achievement Rewards Ceremony, for outstanding sales-performers. A special Lucky-Draw was also held to present high-valued prizes to the delegates participating from various IT product enterprises. The Grand Prize – an 800 CC car was won by Mr. Saleem Farooq from PC House in Islamabad and Mr. Ijaz from Lahore won a 20-inch Samsung LED TV.

Samsung’s Official, Mr. Roy Yongil Chang, while distributing the prizes among the achievers, also expressed his pride and pleasure on the great business performance seen during the year 2011, from numerous IT vendors and dealers. He reflected on the new milestones achieved by Samsung in the past one year. He also stressed the need for providing more incentives and encouragement for out-standing performers in the various sectors of Pakistan’s fast-expanding market.

Mr. Roy Yongil Chang further said; Samsung’s vision and philosophy, is focused on innovation and creative solutions, aimed at facilitating the customers’ long-term success. While thanking the organizers of this event, he also expressed Samsung’s commitment to support all such initiatives, for accelerating the progress of IT in Pakistan.

For more information, contact:
Rizwan Shah
Shamrock Communications (private) Limited
Tel: +9242 3586 1219
Cell: +92305 574 0715
Email: shamrocklhr@gmail.com

After the installation of new power transformers, the consumers of concerned areas would get the smooth power supply, better voltage and it also help to control the overloading issues. An installation of these power transformers is a part of continuous development works in IESCO region.

For more information, contact:
Islamabad Electric Supply Company
IESCO Head Office St, 40
Sector G-7/4 Islamabad
Tel: 051-9252937, 9252938, 9252939,
Fax: 051-9252927

The Chairman Kashmir Committee said that the Observer of United Nations Human Rights Council has confirmed the atrocities Indian was inflicting on the hapless Kashmir’s. There can be no any more authentic document in the matter.

Therefore, it is bounden duty of the United Nations to implement the report of its representative and compel India to stop human rights violations in the occupied Kashmir. Over seven hundred thousand Indian security forces deployed in the occupied territory have unleashed a reign of terror there with the support of the black laws.

The Kashmir’s are being killed, their properties destroyed and women raped. Now, thousands of mass graves have also been discovered. Therefore, there should not be any doubt in this regard. He observed, the subject report is a mere indication, a tip of iceberg, as a foreigner like the Observer of UN visits occupied Kashmir, he just passes a few days there and due to many administrative reasons he can’t discover all the atrocities.

Maulana Fazl ur Rahman said, India is killing Kashmir’s since 1947. However, the world powers are silent spectators. They can compel India to stop it, if they so desire. However, America is silent on the killings of the Kashmir’s, though Jammu and Kashmir is an internationally recognized disputed territory; but America is discussing Baluchistan in its parliamentary hearings, although, it is an integral part of Pakistan.

It is clearly an interference in the internal matters of Pakistan, which no respectable nation can accept. Other countries should stop meddling in Baluchistan. He said, USA has incriminated Dr. Ghulam Nabi Fai to please India, otherwise he was just projecting the Kashmir issue in the States.

The Chairman Kashmir Committee said that the report of the UN Observer was a test case for the United Nations as well as the world community. Since, it is an authentic document, the United Nations and world community should come forward and compel India to stop human rights violations in the Occupied Kashmir.

For more information, contact:
Karamat Hussain Niazi
Secretary
National Assembly of Pakistan
Parliament House, Islamabad
Tel: +9251 922 1082 -83
Fax: +9251 922 1106

The role of Scouts has been quite significant in both war and peace. It has assumed greater significance in the present times as the world endeavours to battle a plethora of challenges. The core components of scouting include character building, a spirit of selflessness, discipline and the good of humanity.

I recall a quote of Quaid-e-Azam Muhammad Ali Jinnah, Pakistan’s first Chief Scout wherein the great Quaid said, “Scouting can play a very vital role in forming the character of our youth, promoting their physical, mental and spiritual development and making them well disciplined, useful and good citizen.

We are living in a far from perfect world. Despite the progress of civilization, the law of the jungle, unfortunately, still prevails. Might is considered right and the strong do not refrain from exploiting the weak. Self advancement, greed and lust for power sway the conduct of the individuals, as that of nations.

“If we are to build a safer, cleaner and happier world, let us start with the individual, catch him young and inculcate in him the Scout motto of service before self and purity in thought, word and deed. If our young people learn to be friend of all, to help other people at all times and subordinate personal interests to the welfare of others, eschew violence of thought, word and action. I am sanguine that the attainment of universal brotherhood will be possible and within our reach.”

Our youth have proven in times of crises such as earthquake and unprecedented floods that they are mindful of their national obligations. This is where this year’s Motto “Scouting- Education for life” needs to be implemented in motivating our youth and mainstreaming their role for national development.

I would like to urge the parents of youth and children of Pakistan to enable their posterity to imbibe the values of Scouting. Media and the civil society also have a critical role to play in raising awareness among the youth in this regard. I assure the scouting movement as well as the Pakistan Scouting Association of my government’s strong support in their endeavours to serve the suffering humanity.

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

Overall credit disbursement by five major commercial banks including Allied Bank Limited, Habib Bank Limited, MCB Bank Limited, National Bank of Pakistan and United Bank Limited stood at Rs 82.462 billion in July-January, 2012 compared with Rs 68.481 billion disbursement in July-January, 2011 depicting an increase of Rs 13.981 billion or 20.42 percent.

Zarai Taraqiati Bank Limited, the largest specialized bank, disbursed a total of Rs 26.361 billion in July-January, 2012, down by 0.03 percent when compared with Rs 26.369 billion disbursement in the same period of the last fiscal year. Punjab Provincial Co-operative Bank Limited disbursed Rs 4.980 billion in July- January, 2012 up by 28.49 percent when compared with Rs 3.876 billion disbursement in the same period of the last fiscal year.

Fourteen domestic private banks also loaned a combined amount of Rs 28.996 billion in July-January, 2012 up by 10.84 percent compared with Rs 26.160 billion disbursement in the same period of the last fiscal year.

Five Microfinance banks including Khushhali Bank Ltd., NRSP Microfinance Bank Ltd., The First Microfinance Bank Ltd., Pak Oman Microfinance Bank Ltd. and Tameer Microfinance Bank Ltd. disbursed a total of Rs 6.858 billion in July-January, 2012 period.

It may be pointed out that the State Bank of Pakistan for the first time has given an indicative target of Rs 12.20 billion to Microfinance banks for disbursement of credit to agriculture sector during the current fiscal year.

It may be recalled that the State Bank has set an indicative agricultural credit disbursement target of Rs 285 billion for the current fiscal year.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
Email: syed.wasimuddin@sbp.org.pk

The Corps Commander termed the occasion as historic and commended DHA for proving itself as a trendsetter in the field of housing and development. He said that with initiation of DCK project, a number of business and economic opportunities would be generated which would give a significant boost to the local economy.

He said that DCK was a versatile project and had tremendous potential to provide an emblem of modern, secure and comfortable living environment to residents. He asked the professional team of DHA and consultants to abide by the target set for the short development term plan which will include roads and infrastructure works along-with amenities such as schools, markets, parks, healthcare facilities, etc apart from construction of town houses in the first sector so that the plot owners start constructing their houses in the picturesque and serene setting of DCK.

Administrator DHA, Brig Aamer Raza Qureshi later talking to the media said that DHA had ensured the ground breaking of the project strictly on schedule setting the pace for speedy development of the first planned, sustainable and green city of Pakistan. He said that DCK was a complete road map of a modern housing enterprise that would guarantee the best civic amenities and a dynamic living environment for its residents.

Brig Aamer said that work on 13 projects including construction of DCK boundary wall, entrance gate, security towers, arterial roads, composite offices/accommodation complex and DCK Information Centre costing Rs. 1 billion under the immediate development plan were starting forthwith and would be completed in twelve months to make DCK site fully operational. He said that 3-5 MGD water would be made available through the ongoing underground water exploration which would be sufficient to meet the requirement of the area for the next eight years up till 2020.

The Administrator said that a significant feature of DCK project was the unique security of the township with two tiers physical security in form of outer and sector boundary walls in addition to full electronic surveillance of the entire DCK area.

Project Dir DCK, Brig (R) M Rafique said that development of the project would be closely monitored/supervised on ground by DCK engineers and consultant’s team at each stage of development to ensure speedy development of the scheme on professional lines.

He said that top-of-the line contractors of the country were involved in the gigantic development of the project and added that development of a theme park and outlet mall would start simultaneously to make DCK site a weekend picnic spot and attractive place for visitors. He said that 4 contractors had already mobilized to the project site while another 7 contractors would mobilize and deploy at the site within a fortnight.

Chief Project Consultant, Engineer Arif Osmani said that work on development of five residential sectors including roads network, parks, green spaces, schools, masjids and all basic amenities under the short term development plan would paradoxically start which would be completed in 3-4 years to make DCK a liveable entity by 2015-16.

For more information contact:
Pakistan Defence Officers Housing Authority
2-B, East Street, Phase-I
Karachi-75500
Pakistan
UAN: 92 21 111-589-589
Phones: 92 21 35886401-5
Fax: 92 21 35886406
E-mail: dha@dhakarachi.org ,info@dhakarachi.org

It is general practice worldwide to impose fines and penalties rather victimizing and forceful closure. He said that the owners of the alleged pharma company be given fair chances to clarify their position allowing them to carry internal audit and investigation. He also requested the Government to take a lenient view in this regard and allow the said old pharma company resume its production for exports and to provide employment to its staff.

President KCCI voiced that billions of rupees have been invested in pharmaceutical sector and such penal actions of forceful closures and arrest of industrialists instead of imposing penalties and fines would give negative signals to the Pakistan’s Pharma Industry comprising of more than 400 manufacturing units which meets 70 percent national requirement of finished medicines and provide employment to more than 4 million people particularly female human resource.

The National Pharmaceutical industry had shown a progressive growth over the years, particularly in the last one decade and such forceful closure is a matter of discontentment and harassment which will have damaging affect on the entire pharmaceutical industry as well as the pharmaceutical exports.

For more information, contact:
M. Shafiq Baig
Public Relations Officer
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road,
Shahrah-e-Liaquat, Karachi-74000
Tel: +9221 9921 8001 -09
Fax: +9221 9921 8010
Email: pro@kcci.com.pk, pro2@kcci.com.pk
Website: http://www.kcci.com.pk/

They discussed the progress being made against the commitment of Prime Minister Gilani and Prime Minister Cameron in April 2011 to grow a deeper and broader dialogue between our two countries, which strengthens our friendship and promotes mutual prosperity and security. says a press release received here today from London.

Pakistan and the UK are bound together by a longstanding ties based on our shared history, values and enormously rich people-to-people links. This enhanced dialogue is intensifying co-operation on shared interests including trade, economic growth and development, cultural co-operation, security and education.

At today’s meeting, Foreign Minister Khar and Foreign Secretary Hague discussed progress under the five priority areas of the enhanced strategy dialogue.

On trade, they welcomed the progress made towards achieving the target of increasing bilateral trade to £2.5 billion by 2015. Trade now stood at £1.9 billion. UK Trade Minister Lord Green’s recent visit had highlighted the opportunities in retail, energy and mining sectors. Foreign Secretary Hague pledged to continue to advocate for Pakistan to gain enhanced trade access to the EU through GSP+. Foreign Minister Khar acknowledged the UK’s support in achieving the WTO tariff waiver for Pakistan.

Foreign Minister Khar and Foreign Secretary Hague agreed that economic growth and poverty reduction in Pakistan were key priorities to ensure prosperity for future generations. The global economic crisis requires both countries to make tough decisions in order to deliver future growth and prosperity. They agreed to a regular dialogue between their governments on economic reform.

Ensuring that all children in Pakistan have the opportunity to receive free, quality education is a shared priority. Foreign Minister Khar and Foreign Secretary Hague welcomed the adoption of the National Declaration on Education committing all stakeholders to undertake necessary steps to develop education roadmaps and tackling under-nutrition. Foreign Secretary Hague reported that in the last 12 months UKAid had doubled the number of children the UK is supporting in schools to over 330,000.

On security, Foreign Minister Khar and Foreign Secretary Hague noted the work being undertaken on their shared national security challenges, including on counter-terrorism through the Joint Working Group which met in October and the National Security Discussions which brings together civilian and military experts to address the common challenges both countries face.

Foreign Secretary Hague reaffirmed that the UK stands alongside Pakistan, as a partner against the menace of militancy, terrorism and extremism, and acknowledged the huge sacrifices ordinary people in Pakistan were making.

The UK and Pakistan enjoy uniquely rich people-to-people links. Over one million British citizens have close family ties to Pakistan. Foreign Minister Khar and Foreign Secretary Hague welcomed the contribution made by the British Pakistani community to the UK and to enhancing the relationship between the UK and Pakistan.

They particularly welcomed the growing culture exchange between our museums and in academia. Seventeen new partnership agreements were signed in 2011 between universities in the UK and Pakistan.

Foreign Minister Khar and Foreign Secretary Hague agreed to meet every six months to drive forward progress. The enhanced strategic dialogue represents a long-term, deep commitment by both countries to work together as equals and to create the conditions for greater security and prosperity in Pakistan and in the UK. Our enduring partnership is one that has been forged by history and will only become more important and vital in the future.

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 on the occasion said that the wellbeing of the minorities was one of his priorities and also part of the Pakistan People’s Party manifesto. The Prime Minister appreciated the contributions made by the Missionary Schools for spreading of quality education in the country. He said that he himself get his primary education at St. Marry Convent School in Multan..

Dr. Alexander John said that these buildings were historical as they were built in 1882 and their burning was a big loss of heritage.

He thanked the Prime Minister for the generous financial assistance for the construction of the school buildings which was reflective of his commitment towards the welfare of Minorities in Pakistan.

Present on the occasion were Dr. Paul Bhatti, Advisor to Prime Minister on National Harmony, Mr. Akram Masi Gill, MOS for National Harmony, Mrs. Shamim Malik, President Women Fellowship, Church of Pakistan Lahore, Padri Shahid Miraj, Dean of Lahore Cathedral Lahore and other senior government officials.

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 Minister was addressing the gathering at the reception hosted in her honour by the High Commissioner of Pakistan in UK Mr Wajid Shamsul Hassan here at the High Commission last evening. The event also included an Exhibition arranged by AHAN (Aik Hunar Aik Nagar) in which handicrafts and local products of various regions of Pakistan were displayed.

The Minister mentioned that tremendous opportunities of investment were available in Pakistan both for the British and Pakistani expatriates. Pakistan has introduced business friendly policies and created conducive conditions for foreign investors.

She mentioned about the energy needs of the country and invited the investors in this sector. The economic development she said is directly linked with the availability of additional energy sources for which the government is making all out efforts.

The Minister hoped AHAN initiative would help promote the Pakistani handicrafts in the UK. Such Exhibitions she added also help to introduce the socio-cultural aspects of our society. She urged the big business to help promote Aik Hunar Aik Nagar initiative as it would directly uplift the socio-economic status of the poor living in the rural areas of Pakistan.

Aik Hunar Aik Nagar (AHAN) is working as a not for profit company under Ministry of Industries and Production, Government of Pakistan (GOP). The concept of AHAN is based on OVOP (One Village One Product) model prevalent in Japan, Thailand and other far eastern countries.

AHAN takes various initiatives for rural micro and small enterprise modernization leading to creation and diversification of sustainable income earning opportunities. Through such initiative AHAN provides support to poor producer groups, craft persons and artisans. AHAN also facilitates them in product development, quality assurance, marketing and technological up-gradation.

AHAN seeks to modernize micro and small enterprises in rural and peri-urban areas through creation and diversification of sustainable income earning opportunities particularly for landless, women and wage earners.

Earlier while welcoming the Minister the High Commissioner said that Pakistan UK relations are an example of mutual understanding and trust. He said Pakistan is very appreciative of the UK’s support for Pakistan in overcoming challenges in economic, trade, and education sectors.

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

They appreciated the Prime Minister for his role in the passage of 20th Constitutional Amendment with overwhelming majority which would ensure free, fair and impartial elections in the country.

The Senators also commended the Prime Minister for taking initiative for calling All Partiers Conference on Baluchistan to evolve consensus though collective wisdom aimed at bringing the estranged people to the mainstream politics in the country.

The Prime Minister thanked the Senators for their support for the resolution of problems faced by the province of Baluchistan.

Other member of the delegation included, Senator and President of FPCCI, Haji Ghulam Ali and Senators Maulana Muhammad Saleh Shah, Dr. Ismail Buledi and Abdul Rasheed.

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

This was stated by the Advisor on Finance, Dr. Abdul Hafeez Shaikh during a presentation given to the Prime Minister and attended by Deputy Chairman Planning Commission, Dr. Naddem ul Haq and Senior Officials of the Ministry of Finance, Planning and Development Division and the FBR.

The Prime Minister appreciated the efforts of the finance team and provided guidance for the forthcoming budget which should reflect a focus on economic stability, prudent fiscal policy, generation of economic opportunities for the youth and protection of the vulnerable groups through further control of inflation and social safety net programme.

The meeting focused on four basic areas, overall state of the economy, expenditure management, Revenue expansion and the public sector development Programme (PSDP).

The meeting was briefed that the projected growth rate in GDP is 3.6% and it is likely to be more than the target. This will be attained despite the floods this year in the province of Sindh, increased transfers of revenue to Provinces and challenges arising out of the global situation.

On inflation, the Prime Minister was apprised that due to the right mix of policies inflation will be lower than the budgetary projection of 12% and the three prices index i.e. CPI, WPI and SPI are approaching single digit.

Due to austerity measures and aggressive expenditure management expenditure in the first seven months of the current fiscal year have been 53% as compared to the target of 58% which is 5% low.

Overall position of the exports sectors shows that exports in the first seven month have been 14 billion dollars thus registering an increase of 7% as compared to the corresponding period of the previous financial year.

The Prime Minister was briefed that remittances by the overseas Pakistanis remained at 7.4 billion dollars in the first seven months registering 21% increase.

The briefing on revenue side highlighted the strong revenue collection so far amounting to Rs. 975 billion with an increase of 26% as compared to the corresponding period of the last fiscal year. The target of Rs. 1952 billion for the current financial year is likely to be met due to the continuous expansion of the tax net and administrative efforts.

The Prime Minister was apprised that PSDP of Rs. 300 billion will be met in its entirety and 100% utilization will be achieved. In the first seven months, Rs.221 billion have already been released to ensure continuity of development programme on the projects. The remaining amount will be released as per the law.

The PSDP cover important projects such Diamer-Basha Dam, Mangal Dam Raising Project, Neelum-Jehlum Project, Lawari Tunnel Project, several National Highways and vertical programmes in the social sector under the Federal Government which remained with the Federation after the devolution process.

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 day-long event being organized jointly by the High Commission for Pakistan in Malaysia and the Malaysian Institute of Accountants (MIA) is likely to serve as an ideal opportunity for businessmen from Pakistan and Malaysia to identify key areas of economic cooperation and forge joint ventures in major sectors, including textile and clothing, rice, fruits and vegetables, sea food, leather and leather products, and electronics.

Malaysia’s Minister for International Trade and Industry (MITI) YB Dato’ Sri Mustapa Mohamed will attend and chair the inaugural session of the forum to be held at a local hotel while Dato’ Mohd Nasir Ahmad, President of MIA, Mr. Tariq Iqbal Puri, Chairman of Trade Development Authority of Pakistan (TDAP) and Mr. Masood Khalid, Pakistan’s High Commissioner to Malaysia, will also speak on the occasion.

During the visit, the Pakistani delegation headed by the TDAP Chairman is also scheduled to attend the joint meeting of the Malaysian and Pakistani chapters of the Pakistan Malaysia Business Council besides holding separate meetings with key government officials and ministers, including Minister of Agriculture and Agro-based Industry Malaysia Datuk Seri Noh Bin Omar, Minister for Plantation, Industries and Commodities, Tan Sri Bernard Dompok, MITI Deputy Minister Dato’ Mukhriz Mahatir and various heads of government and business institutions and trade bodies.

Commenting upon the upcoming Pakistan Malaysia Business and Investment Forum, Pakistan High Commissioner Mr. Masood Khalid said around 150 businessmen and captains of industry from both sides had confirmed their participation in the forum, including a 30-member business delegation from Pakistan.

The sectors represented in the Forum include Rice, Seafood, Leather and Leather Products, Dairy and Livestock, Surgical and Medical Instruments, Textiles and Garments, Fruits and Vegetables, Pharmaceuticals, Gems and Jewelry, Sports Goods, Housing and Construction, Education and Halal Food.

He hoped the forum would help spur up the already burgeoning bilateral trade which crossed $2.5 billion mark last year, reflecting an upward trajectory in commercial cooperation following the signing and implementation of the Free Trade Agreement between the two countries in 2008. Pakistan’s exports to Malaysia had risen considerably in recent months, registering an impressive 56.16 per cent increase, according to latest trade figures available as of November 2011.

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

All FBR field units shall also remain open late till 10.00 P.M on Wednesday the 29th February, 2012 (being last day of the month).

The State Bank of Pakistan and National Bank of Pakistan are to provide banking facility by the designated branches on Saturday the 25th February, 2012 and keep the designated branches open till 10.00 PM on Wednesday the 29th February, 2012 to accept payment of duty and taxes.

Taxpayers can therefore also avail bank’s facilities to deposit taxes on 25th and 29th February, 2012.

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

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

Free reserves for the year ended 31 December 2011

At your request we are please to confirm the position of paid-up capital of Meezan Bank Limited as of 31 December 2011 and the free reserves based on audited financial statements for the year ended 31 December 2011. Which have been audited by us in accordance with International Standards on Auditing as applicable in Pakistan. As follows:

As shown above, the free reserves retained after the proposed issue of bonus shares are more than 25 percent of the enhanced paid-up capital. The term “Free Reserves” has been deemed to have the meaning given to it in the Rule 5 and 6 of the Companies (Issue of Capital) Rules, 1996.

For more information, Contact:
Meezan Bank Limited
Meezan House C-25, Estate Avenue,
S.I.T.E., Karachi – Pakistan.
Tel: (92-21) 38103500
Fax: (92-21) 36406049
Web: www.meezanbank.com

For more information, Contact:
United Bank Limited
State Life Building # 1,
I. I. Chundrigar Road,
Karachi-Pakistan
UAN: 111-825-888,
Web: www.ubl.com.pk

As per clause XXVI of the Code of Corporate Governance we would like to further inform you that the company has determined a close period from February 23, 2012, to February 29, 2012 prior to the announcement of decisions of the meeting, Accordingly, no Director, CEO or Executive of the company are entitled, directly or indirectly, deal in the shares of the company in any manner during the closed period.

For more information, Contact:
Azgard Nine Limited
Ismail-Aiwan-E-Science,
Off: Shahrah-e-Roomi,
Lahore – 54000, Pakistan
UAN: +92 (0) 42 111 786 645
Fax: +92 (0) 42 3576 1719
Web: www.azgard.com

The Company has declared the “Closed Period” from 22 February 2012 to 29 February 2012 (both days inclusive) as required under Clause (xxvi) of the Code of Corporate Governance contained in the Listing Regulation No.37 of the Exchange. Accordingly, no Director, CEO or Executive shall, directly/indirectly, deal in the shares of the Company in any manner during the Closed Period.

For more information, Contact:
Century Insurance Company Limited
Lakson Square, Building No 2,
Sarwar Shaheed Road, Karachi
Fax: 92-21-3588 3410
Tel: 3569 8000

It is also informed that Company has determined the dosed period from 23/02/2012 to 29/02/2012 (both days inclusive), during which no Director, Chief Executive Officer or Executives of the Company shall directly or indirectly deal in any manner in the shares of the Company.

For more information, Contact:
Dar Es Salaam Textile Mills Limited
63-B-I, Gulberg-III,
Lahore – 54662, Pakistan
Telephone No: +92 42 35878643-4,
Tealeaf No: +92 42 35878642

As per clause XXVI of the Code of Corporate Governance we would like to further inform you that the company has determined a close period from February 23, 2012, to February 29, 2012 prior to the announcement of decisions of the meeting. Accordingly, no Director, CEO or Executive of the company are entitled, directly or indirectly, deal in the shares of the company in any manner during the closed period.

For more information, Contact:
Agritech Limited
Ismail Aiwan-e-Science Building,
Main Ferozpur Road, Lahore, Pakistan.
Tel: (92) (42) 111-786-645
Fax: (92) (42) 35751841

The closed period will be from 22 February, 2012 to 29 February, 2012 (both days inclusive) as required under the Clause xxvi of the Code of Corporate Governance.

For more information, Contact:
Babri Cotton Mills Limited
Habibabad, Kohat
(Khyber Pakhtunkhwa) Pakistan
Phone: 0922- 516315
Fax: 0922-516335
E-mail: info@bcm.com.pk
Website: www.bcm.com.pk

For more information, Contact:
Packages Limited
Shahrah-e-Roomi, P.O. Amer Sidhu,
Lahore- 54760, Pakistan
Ph: 35811541-46
Fax: (042) 35811195

The Company has declared the “Closed Period” from February 26, 2012 to March 02, 2012 as required under clause (xxvi) of the Code of Corporate Governance contained in Listing Regulations of the Exchange. Accordingly no Director, CEO or Executive shall, directly/indirectly, deal in the shares of the Company in any manner during the Closed Period.

For more information, Contact:
Best way Cement Limited
College Road, F-7, Markaz,
Islamabad, 44000 Pakistan
Tel: +92-51-2654856
Fax: +92-51-2654865
Web: www.bestway.com.pk

The Company has declared the “Closed Period” from February 26, 2012 to March 02, 2012 as required under clause (xxvi) of the Code of Corporate Governance contained in Listing Regulations of the Exchange. Accordingly no Director, CEO or Executive shall, directly/indirectly, deal in the shares of the Company in any manner during the Closed Period.

For more information, Contact:
Mustehkam Cement Limited
Bestway Building, 19-A,
College Road, F-7 Markaz,
Islamabad Pakistan,
Tel: 051 2654856
Fax: 051 26548992

The Company has declared the “Closed Period” from February 23, 2012 to March 1, 2012 (both days inclusive) as required under Clause (xxvi) of the Code of Corporate Governance contained in the Listing Regulation No. 35 of the Exchange. Accordingly, no Director, CEO or Executive shall, directly/ indirectly, deal in the shares of the Company in any manner during the Closed Period.

For more information, Contact:
Dawood Lawrencepur Limited
Karachi Dawood Centre,
M. T. Khan Road. Karatchi-75530,
Tel: (92-21) 35588001-16
Fax: (92-21) 35633970

The financial results are enclosed herewith.

We will be sending you =300= printed copies of half yearly accounts for distribution amongst the members of the Exchange in due course of time.

For more information, Contact:
Sitara Peroxide Limited
601-602, Business Centre,
Mumtaz Hassan Road. Karachi – Pakistan
Tel: (021) 3241-3944, 3242-0620
Fax: (92-21) 3241-5452
E-mail: sales@sitaraperoxide.com
Website: www.sitaraperoxide.com

The Agenda and date of the meeting shall however remain unchanged.

For more information, Contact:
Fateh Textile Mills Limited
P.O. Box No: 69A/4,
Hyderabad, Pakistan
Tel: (92-022), 3880462-66, 3880500, 3880700,
Fax: (92-022) 3880042-3880514,
E-mail: fatehmills@aol.com
Web: www.fatehgruop.com

i) Cash Dividend

An Interim Cash Dividend for the Half Year ended 31st December 2011 at Rs. Nil per share i.e. Nil %. This is in addition to Interim Dividend (s) already paid Rs. Nil per share i.e. Nil %.

And/ Or

(ii) Bonus Shares

It has been recommended by the Board of Directors to issue Interim Bonus shares in the proportion of Nil share for every Nil shares held i.e. Nil %. This is in addition to the Interim Bonus Shares already issued @ Nil %.

And/ Or

(iii) Right Shares

The Board has recommended to issue Nil % Right Shares at par/at a discount/premium of Rs. Nil per share in proportion of Nil share (s) for every Nil share (s).  This entitlement of right shares being declared simultaneously will be / will not be applicable on Bonus Shares as declared above.

And/ Or

(iv) Any Other Entitlement / Corporate Action                   Nil

And/ Or

(v) Any Other Price – Sensitive Information                     Nil

We will be sending you 300 copies of printed accounts for distribution amongst the members.

Condensed Interim Unconsolidated Profit and Loss Account (Unaudited) for the Six Months Period Ended 31 December 2011

We hereby inform you that the Board of Directors of Arif Habib Corporation Limited (AHCL) in their meeting held on 21st February 2012, at 4:00 p.m. at Arif Habib Centre M. T. Khan Road, Karachi have approved the following financial results:

For more information, Contact:
Arif Habib Corporation Limited
(formerly Arif Habib Securities Limited)
Arif Habib Centre,
23 M. T. Khan Road, Karachi 74000
Phone: 32460717-9
Fax: 32429653,
Web: www.arifhabib.com.pk

کاروان سرائے کے دورۂ بہار میں آرٹس مڈویسٹ کی جانب سے پیش کردہ

منیاپولس، 21 فروری 2012ء/پی آرنیوزوائر/–

امریکہ کے بالائی مڈویسٹ کےلیے خدمات پیش کرنے والی غیر منافع بخش ریجنل آرٹس آرگنائزیشن (RAO) آرٹس مڈویسٹ نے پاکستان کے بڑے گلوکاروں میں سے ایک عارف لوہار کے پانچ روزہ شہری دورے کا اعلان کیا ہے۔ یہ دورہ کاروان سرائے: ایک مقام جہاں ثقافتی ملتی ہیں کا حصہ ہے، جو ایک جدید فنکارانہ ثقافتی تبادلے کا پروگرام ہے۔

150 سے زائد البموں کے ساتھ عارف لوہار اپنے آبائی وطن پاکستان میں پسندیدہ گلوکار ہیں۔ ملک کا اعلیٰ ترین شہری اعزاز، تمغہ حسن کارکردگی، حاصل کرنے والے عارف لوہار دنیا بھر میں کئی ملین شائقین کے حامل ہیں۔

کاروان سرائے کے دورے میں ان کے ساتھ شامل ہوں گی بروکلین میں مقیم عروج آفتاب، جن کا پہلا البم رواں سال جاری ہوگا۔ لاہور، پاکستان سے آبائی تعلق رکھنے والی عروج آفتاب کلاسیکی پاکستانی، صوفی اور جنوبی ایشیائی روایات کے ساتھ جدید پاپ اور جیز موسیقی کو ملاتی ہیں۔

14 مارچ 2012ء کو پروویڈنس، رہوڈ آئی لینڈ میں فرسٹ ورکس میں آغاز کے ساتھ دونوں موسیقار امریکہ کے پانچ شہروں کا دورہ کریں گے، جہاں یہ موسیقی کی تقاریب میں کارکردگی کا مظاہرہ کریں گے اور مقامی شہریوں اور طلبہ کے ساتھ تعلیمی قیام کریں گے۔

یہ دلچسپ تعاون جدید پاکستانی موسیقی کو ان برادریوں میں متعارف کروائے گا جہاں کاروان سرائے نے گزشتہ خزاں میں دورہ کیا تھا، جس میں روایتی پاکستانی موسیقی کو پیش کیا گیا تھا۔ بہار کا موسیقی دورہ کاروان سرائے فلم قیام کے موقع پر آ رہا ہے، جو سرما 2012ء میں پیش کار/ہدایت کار عائشہ خان اور ان کی اعزاز یافتہ دستاویزی فلم میڈ اِن پاکستان کو کاروان سرائے میں لائے گا۔

کاروان سرائے کے لیے میزبان ادارے اور عارف لوہار اور عروج آفتاب کو پیش کرنے کی تاریخیں یہ ہیں:

 ۔ فرسٹ ورکس؛ پروویڈنس، رہوڈ آئی لینڈ | 14 تا 22 مارچ، 2012ء

۔ مون ماؤتھ یونیورسٹی؛ ویسٹ لانگ برانچ، نیو جرسی | 23 تا 31 مارچ 2012ء

۔ دی آرٹس الائنس آف ناردرن نیو ہمپشائر؛ لٹل ٹن، نیو ہمپشائر | یکم تا 7 اپریل، 2012ء

۔  آرٹس سویگو سنی اوسویگو؛ اوسویگو، نیو یارک | 8 تا 14 اپریل 2012ء

۔  دی مرنا لوئے سینٹر؛ ہلینا، مونٹانا | 15 تا 21 اپریل 2012ء

کاروان سرائے بہار دورے کے حتمی مقامات میں عارف لوہار اور عروج آفتاب 26 اپریل کو سنی اسٹونی بروک اور 28 اپریل کو دی ایشیا سوسائٹی میں دو خصوصی تقاریب میں شرکت کریں گے۔

کاروان سرائے: ایک مقام جہاں ثقافتی ملتی ہیں، کا انتظام یو ایس ریجنل آرٹس آرگنائزیشن کی جانب سے آرٹس مڈویسٹ سنبھالتا ہے جسے ڈورس ڈیوک فاؤنڈیشن فار اسلامک آرٹ کے بلڈنگ برجز پروگرام کی مالی مدد حاصل ہے۔ کاروان سرائے کی فلم پروگرامنگ کو ساؤتھ آرٹس کے پروگرام کے مطابق رکھا گیا ہے۔

رابطہ: جل ویلی، +1-808-271-3624، jill@knightvisioninternational.com

MINNEAPOLIS, Feb. 21, 2012 /PRNewswire/ — Arts Midwest, the non-profit Regional Arts Organization (RAO) serving America’s upper Midwest, announces the five-city tour of one of the biggest singing stars in Pakistan, Arif Lohar. This tour is part of Caravanserai: A place where cultures meet, a groundbreaking artistic and cultural exchange program.

With more than 150 albums, Arif Lohar is beloved in his native Pakistan. A winner of his country’s highest civil honor, the Pride of Performance award, Arif Lohar attracts millions of fans around the world.

Joining him on the Caravanserai tour is Brooklyn-based Arooj Aftab, whose debut album is set for release this year. A native of Lahore, Pakistan, Arooj Aftab blends classical Pakistani, Sufi, and South Asian traditions with contemporary pop and jazz.

Beginning on March 14, 2012 at FirstWorks in Providence, Rhode Island, the two musicians will tour five U.S. cities, where they will perform concerts and conduct educational residencies with local citizens and students.

This exciting collaboration will bring contemporary Pakistani music to the same communities where Caravanserai toured last fall, which featured traditional Pakistani music. The spring music tour comes on the heels of the Caravanserai film residencies, which brought producer/director Ayesha Khan and her award-winning documentary, Made in Pakistan to Caravanserai communities in winter 2012.

The host organizations for Caravanserai and the dates they will present Arif Lohar and Arooj Aftab are:

• FirstWorks; Providence, RI | March 14-22, 2012
• Monmouth University; West Long Branch, NJ | March 23-31, 2012
• The Arts Alliance of Northern New Hampshire; Littleton, NH | April 1-7, 2012
• ARTSwego SUNY Oswego; Oswego, NY | April 8-14, 2012
• The Myrna Loy Center; Helena, MT | April 15-21, 2012

In their final stops on the Caravanserai spring tour, Arif Lohar and Arooj Aftab will play two special concerts at SUNY Stony Brook on April 26thand at The Asia Society on April 28th.

Caravanserai: A place were cultures meet is managed by Arts Midwest on behalf of the U.S. Regional Arts Organizations with financial support from the Building Bridges program of the Doris Duke Foundation for Islamic Art. Caravanserai’s film programming is coordinated on behalf of the program by South Arts.

CONTACT: Jill Valley, +1-808-271-3624, jill@knightvisioninternational.com

The situation is very serious as the ADCs have stopped working, with the result that the import consignments of raw materials and finished products are piling up at the ports. We fear that vaccines, anti-cancer products which are dependent on cold chain supplies and have limited validity will be damaged and the patients on life support will suffer from life threatening situation. Also, there would be serious shortages of life-saving medicines in the Country. The same situation is being faced for Exports, where all export consignments have been held up at the ports due to stoppage by the authorities, resulting in loss of millions of dollars for the Country.

In view of the seriousness of the matter, we are urging the Cabinet Secretary to immediately take steps to start clearing the consignments on urgent basis, failing which the industry will not be held responsible for the shortage of medicine and suffering of the patients.

For more information, contact:
Pakistan Pharmaceutical Manufacturers Association
Office No. 03, 2nd Floor, Al- Babar Centre, F-8, Markaz, Islamabad, Pakistan
Phone: (051) 2850300 – 2818251
Fax: (051) 2818252
E-mail: info@ppma.org.pk
Website: www.ppma.org.pk

“We highly appreciate the unflinching support and assistance provided by the international community to the people of Pakistan, during these testing times. The United Nations Agencies, Foreign Governments, donors, National and International NGOs, and private philanthropy all worked hand in glove with the National and Provincial Disaster Management Authorities and other relevant Government Agencies, while responding to immense needs in the affected areas,” expressed Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance, Revenue, Economic Affairs, Statistics and Planning and Development.

During the early recovery phase, the Government, the United Nations and its partners will support communities by engaging in planning and exploring solutions to reduce the devastating impact of the 2011 floods, and helping communities to quickly return to a normal life pattern while adopting measures for safer and more resilient living with better preparation to meet the event of a disaster.

The Government is committed to ensure transparency in utilization of funds in all activities related to the Framework while at the same time will facilitate the international and humanitarian community for smooth execution of the framework.

“The Floods Early Recovery Framework is a collaborative effort of the Government, the UN and civil society to bridge relief to recovery. It is critical that the international community support this effort to make communities safer, more resilient, and better prepared in the event of possible future flooding and other disasters,” said Timo Pakkala, UN Resident Coordinator and Humanitarian Coordinator in Pakistan.

An initial rapid response plan for the 2011 floods launched in September is currently funded at 47 per cent, or US$168 million, of the US$356 million required to meet humanitarian and early recovery needs through March 2012. The Government, UN and its partners have delivered food for more than 3 million people, and provided emergency shelter to more than 450,000 households along with non-food household items. More than 1.2 million people have received clean drinking water, and 1.35 million people have received essential medicines and emergency health care.

Further funding is critical, people are at still at risk – especially during this pivotal time where people have moved home and crucial early recovery activities are needed to restore livelihoods and rebuild lives.

For more information, contact:
Stacey Melissa Winston
Spokesperson and Public Information Officer
Office for the Coordination of Humanitarian Affairs (OCHA)
Tel: +9251 835 4841
Fax: +9221 835 5981
Cell: +92300 850 2397
Email: winston@un.org

Besides, journalists have been working without salaries for last 3-4 months in various TV channels, particularly, in ARY, Aaj, and News One.

The PFUJ has demanded of the government and PEMRA officials to work to bind the TV channels’ owners to abide by the respective rules and regulations.

For more information, contact:
Shamsul Islam Naz
Secretary General
Pakistan Federal Union of Journalists (PFUJ)
12-Nazimuddin Road, F-6/1
Islamabad, Pakistan
Phone Office +92(0)51 2870220-1
Facsimile +92(0)51 2870223
Cell: +92(0)300 8665523

http://www.shamsulislamnaz.com

http://www.pfuj.pk

PUNJAB V SINDH
Played at Gaddafi Stadium, Lahore
PUNJAB 496 IN 155.2 OVERS: (Aamir Sajjad 252, 462 balls, 32x4s, Usman Salahuddin 57, 141 balls, 5x4s, Taufeeq Umer 51, 93 balls, 7×4, Raza Hasan 36, 59 balls, 4x4s, 1×6, Danish Kaneria 6-160, Faraz Ahmed 2-116) AND 2ND INNINGS 367-6 IN 74 overs: (Haris Sohail 150, 140 balls, 24x4s, 3x6s, Muhammad Ayub 123, 153 balls, 15x4s, Muhammad Zohaib 36*, 63 balls, 4x4s, Taufeeq Umer 26, 44 balls, 5x4s,Tabish Khan 2-98, Tanveer Ahmed 2-58) v SINDH 235 IN 63.1 OVERS: (Faraz Ahmed 48, 100 balls, 10x4s, Fahad Iqbal 44, 95 balls, 7x4s, Ali Asad 33*, 72 balls, 4x4s, Sarfraz Ahmed 24, 49 balls, 3x4s, Muhammad Khalil 5-73, Bilawal Bhatti 4-79)

For more information, contact:
Nadeem Sarwar
Media Manager
Pakistan Cricket Board (PCB)
Gaddafi Stadium, Lahore 54600, Pakistan
Tel: +9242 571 7231 -4
Fax: +9242 571 1860

In his message, the Prime Minister said “on behalf of the government of Pakistan and on my own behalf, I would like to convey our warm felicitations on the auspicious occasion of Your Majesty’s birthday.

I am confident that the relations of friendship and cooperation that so happily exist between our two countries will continue to flourish in the years ahead.

I wish Your Majesty good health and happiness and continued progress and prosperity to the friendly people of the Kingdom of Norway.”

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

Any person who contravenes these provisions of law shall be punishable with rigorous imprisonment for a term, which may extend to six months or with fine, which may extend to one thousand rupees or with both.

2. Accordingly, the election campaign for Bye-Elections in aforesaid constituencies shall come to an end with effect from the midnight falling between the 23rd and 24th February,2012. The Political Parties and the candidates are requested to follow the provisions of law and exercise self-restraint so that the Poll is held in an orderly and peaceful manner on the 25th February, 2012.

For more information, contact:
For more information, contact:
Election Commission of Pakistan (ECP)
Election Commission of Pakistan Secretariat
Election House, Constitution Avenue G-5/2, Islamabad
Tel: +9251 920 1975, +9251 920 6062
Fax: +9251 920 5402, +9251 920 5300

The Agreement had entered into force on 21 February 2007 for an initial duration of five years. It aims at reducing the risk from accidents related to nuclear weapons.

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

The WAPDA Authority during its recent meeting took this decision, which would benefit 131 families whose lands have been acquired for establishing of WAPDA’s offices and residential structures. This momentous decision would on the one hand provide adequate shelter to the affectees and would also be in line with the ‘Safeguard Policies’ of the donors.

The amount is to be paid to each family for construction of alternate accommodation comprising a bedroom along with toilet, and would be released in three instalments. The first instalment through cheque would be delivered within 10 days. The WAPDA Authority also decided to provide free medical coverage through an ambulance and doctors to not only the affected families but also to the far flung villages of Diamer district. It was also decided that a poultry scheme for women would be launched besides establishing veterinary camps in the area. In order to facilitate the locals, pony tracks would also be developed in the valley.

It is pertinent to mention that Diamer Bhasha Dam Project was formally initiated by the Prime Minister in October last year. For US $ 12 billion project, the process to acquire land is in progress, while 12 contracts for construction of WAPDA offices, colonies, contractors camps, roads infrastructure, etc. in the project area have already been awarded. Diamer Bhasha Dam is a multi-purpose project with the objectives to store water for irrigation, mitigate floods and generate low-cost and environment-friendly hydel electricity. On completion, the project will store 8.1 million acre feet (MAF) of water besides generating 4500 MW electricity. The project will add about 20 billion units of electricity annually to the national grid. The annual benefits of the project have been estimated at about US $ 2.3 billion.

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

The Federal Government has formalized a debt swap deals with banks, according to which private power sector companies debts amounting to Rs 136.4 billion – Rs 24.6 billion less than the amount approved by the ECC – would be transferred to the books of the Power Holding Company Limited (PHCL). However, load shedding duration will remain at 6 and 12 hours per day.

July-January fiscal deficit restricted to three percent of GDP The government has succeeded in containing the fiscal deficit at 3 percent of GDP during the first seven months of current fiscal year due to tight fiscal management, it was learnt. Sources in the Finance Ministry revealed that during the first seven months disbursements to defense stood at 50 percent against the budgetary target of 54 percent.

Govt borrowing from banks up by 70% The scheduled banks net outstanding loan position to government sector increased by 70 percent to Rs2.43 trillion by the end of January against Rs1.43 trillion in the same month last year, according to the provisional figures released by the State Bank of Pakistan (SBP) on Monday.

Inflation may stay below 12pc: SBP chief
The inflation is likely to remain within 11 to 12 percent target set by the government for the ongoing fiscal, the State Bank of Pakistan Governor Yaseen Anwar said on Monday.

Meezan Bank achieves Rs nine billion MCR in advance
Meezan Bank Limited has achieved Minimum Capital Requirement (MCR) of rupees nine billion in advance, set by the SBP, who had asked all banks to maintain a MCR of rupees nine billion by end of December 2012; however, with the massive growth in profit and issuance of bonus shares, Meezan Bank has fulfilled this condition in advance.

Pakistan begins importing rice from India
Soon after the announcement of 636 negative items while replacing the already existing positive list for trade with India, Pakistan for the first time in history started importing rice from the neighbouring country. Pakistani buyers have placed the first import order for at least 2,500 tonnes rice, while almost 100 tonnes have reached the markets in Punjab.

Munda Dam Project: French Development Agency keen to provide funds
The French Development Agency – Agence Francaise de Development (AFD) has shown interest in providing financial assistance for design and construction phase of Munda Dam Project and the case is being forwarded to AFD Board of Directors for formal approval, a Wapda statement said.

Govt exempts OMCs from up to 3% VAT
The federal government exempted oil marketing companies (OMCs) from the payment of up to 3 per cent value added tax (VAT) on the import of certain petroleum products.

OGDC likely to declare Rs 1 0.10 EPS for first half fiscal year 2012
Oil and Gas Development Company (OGDC), Pakistan’s largest oil and gas explorer is likely to declare Rs 10.10 Earning Per Share (EPS) for the first half of 2012 on February 23.

SSGC, KESC boards express determination to resolve issues
The management’s of KESC and SSGC on Monday resolved to amicably settle major issues including gas supplies and long standing arrears. According to SSGC, the chairman and board of directors of KESC and SSGC took this decision during a joint meeting held at SSGC House.

According to Standard Capital, the company did not announce a payout and instead issued bonus shares of 12.5% which pumped up the paid up capital base of Rs 10bn. Standard Capital considers this to be a good sign since now MEBL can count themselves as among better banks in Pakistan.

Asset size propelling 106% profit growth

As per newspaper reports, the profitability is propelled by core asset growth since bank’s earnings on financing increased by 46.7 % to Rs18.03bn as against Rs12.29 billion in the same period of last year.

Some of the key determinant in this core earnings growth includes

•           Nearly 65% net spread earned to Rs 9.4bn;

•           Lower provisions of 7.2 % and;

•           1.2 % surge in other income.

Since banking branches are increasing (branch led growth) and hence bank is having better deposit base. In return, expenses on deposits also increased by 31.2% to Rs8.66 billion compared to Rs6.60 billion in CY10.

The Bank recorded Rs1.38 billion as non‐performing loan against advances for CY11 versus Rs1.49 billion in 2010, depicting decline of 7.2 % while operating expenditure increased by 35.06 % to Rs6.12 billion for the period ended CY11. As per the MEBL management, the bank has completed 10 years of operation and its total asset base increases to Rs 200bn which Standard Capital considers a good sign. Standard Capital thinks that MEBL business model is better one since it is fostering asset growth in the country by promoting Sharia’h based financing.

• The Stochastic Oscillator maintains its buy signal while the RSI continues to rise while maintaining its buy signal as well.

• KASB Securities Limited maintains KASB Securities Limited’s bullish stance on the market.

Analysis and Overview:
The index opened positive and witnessed profit selling around its day’s high only to close in the green. Volumes were flat and stood at 232mln however volumes were skewed to the third-tier stocks. The index registered a lower high and a higher low while sustaining above its former resistance trendline above which it has given a breakout. However, its formation is mildly bearish and suggests a possible test of the trendline. Having said that, as long as the index holds above the trendline, the overall trend remains bullish. The Stochastic Oscillator maintains its buy signal while the RSI continues to rise while maintaining its buy signal as well. Additionally the 30-DMA maintains its strong uptrend and has now cut the 200-DMA from below thus adding credence to the medium-term bullish trend.

KASB Securities Limited maintains KASB Securities Limited’s bullish stance on the market.
The first support is at 12,455 points and the second support is at 12,389 points. The first resistance is at 12,575 points and the second resistance is at 12,639 points.

According to KASB Securities Limited,
• Spot gold inched up 0.7% in thin trade as participants closely followed the EU finance ministers’ meeting where a Greek deal was nailed in the late hours of Monday.

• From a technical perspective, gold’s Stochastic Oscillator maintains its buy signal thus confirming the “Bullish Divergence”.

• The first support is at $1,728.91 and second support is at $1,722.21. The first resistance is at $1,743.87 and the second resistance is at $1,754.70.
Greek deal sealed in the late hours of Monday
Spot gold inched up 0.7% in thin trade as US financial markets were closed in observance of President’s Day. Market participants closely tracked the proceedings at the EU finance ministers’ meetings in Brussels where the finishing touches were being applied to the Greek bailout package. Gains in the Euro (+0.8% vs. USD) also added to the upward momentum seen in the precious metal. After market closure, it was announced that a consensus had been reached to provide the nation with €130bn as part of a broad package which includes trimming the country’s debt burden to 120% of GDP by 2020 and curtailing expenditure through painful austerity reforms. The debt swap deal concerning private sector creditors is also expected to be finalized in early March and will enable Greece to side‐step a €14.5bn bond redemption payment falling due on 20th March.
Technical Strategy: Buy
Gold remained strong throughout the day to close in the green and around its day’s high. The Stochastic Oscillator maintains its buy signal thus confirming the “Bullish Divergence” while the RSI has shown improvement and has once again generated a buy signal. The first support is at $1,728.91 and second support is at $1,722.21. The first resistance is at $1,743.87 and the second resistance is at $1,754.70.
WTI Spot (Crude Oil)
• Since the US financial markets were closed yesterday (20th Feb) on account of President’s Day, WTI Spot did not trade.

• From a technical perspective, WTI’s the Stochastic Oscillator is in a failure swing while the RSI maintains its uptrend as well as buy signal

• The first support is at $102.77 and second support is at $102.27. The first resistance is at $103.71 and the second resistance is at $104.21.

WTI unchanged
Since US financial markets were closed yesterday (20th Feb) on account of President’s Day, WTI Spot did not trade. Technical Strategy is unchanged from Friday (17th Feb) levels.
Technical Strategy: Buy

WTI remained strong throughout the session to close in the green while sustaining above its former resistance trendline where it has given a breakout. Owing to this breakout the Stochastic Oscillator is in a failure swing while the RSI maintains its uptrend as well as buy signal and still has some room before it becomes overbought. Additionally the MACD has conformed to an uptrend and maintains its buy signal. The first support is at $102.77 and second support is at $102.27. The first resistance is at $103.71 and the second resistance is at $104.21.
Silver Spot

• Silver traded in a narrow range of US$0.37/oz and mimicked the movement of gold to notch a 1.0% price appreciation.

• From a technical perspective, silver’s Stochastic Oscillator maintains its buy signal thus confirming the “Bullish Divergence”.

• The first support is at $33.19 and second support at $32.73. The first resistance is at $33.97 and the second resistance is at $34.33.

Hovering in a tight band
Silver traded in a narrow range of US$0.37/oz and mimicked the movement of gold to notch a 1.0% price appreciation. EU finance ministers struck a final deal on the bailout package for Greece (€130bn) late yesterday with strict terms and conditions attached. Legal procedures are now expected to be initiated which will allow the private investors to swap their existing Greek holdings for new bonds at revised coupon rates, a process which needs to be completed before 20th March.

Technical Strategy: Buy
Silver registered a higher high and a higher low to close around its day’s high. The Stochastic Oscillator maintains its buy signal thus confirming the “Bullish Divergence”. Moreover the RSI has shown improvement and is on the verge of generating a buy signal. The first support is at $33.19 and second support at $32.73. The first resistance is at $33.97 and the second resistance is at $34.33.

• Given higher than expected C/A deficit and QTD average oil price at US$115/bbl, KASB Securities Limited revises KASB Securities Limited’s FY12 projection to US$4.0bn vs. earlier estimate of US$2.9.

• Possible respite could emanate from (1) potential FX inflows from 3G auction licenses in 4QFY12E; and (2) negotiations with US leading to gradual improvement in relations/flows.

• However KASB Securities Limited remains cautious in the mid term where adverse oil price movement in 2012, paucity of sovereign inflows and accelerated decline in SBP’s FX reserves in FY13‐14E on higher repayments to IMF could drive negative sentiments on the external front.

Near term pressure on currency likely to remain intact
As per data released by State Bank of Pakistan (SBP), current account (C/A) deficit increased to US$305mn in Jan‐12 from a deficit of US$14mn in Dec‐11 (restated from a surplus of US$160mn). Despite having little impact on inter‐bank dollar demand, repayments to IMF starting Feb 24 (1st tranche of ~US$420mn) could depress sentiment in the forex market. While risk to international crude oil price movement and paucity of sovereign inflows warrant word of caution in KASB Securities Limited’s view, (1) potential FX inflow from successful auctioning of 3G licenses (depending on buyers’ profile); and (2) improvement in relations with US, albeit slowly, could provide the much needed respite to the PRs/USD parity.

C/A deficit at US$2.6bn in 7MFY12; FY12E raised to US$4.0bn
Details reveal that the higher C/A deficit in Jan‐12 came in on the back of trade deficit expanding 10% MoM to US$1.3bn while remittances remain relatively flat at US$1.1bn. This has taken July‐Jan cumulative C/A figure to a deficit of US$2.6bn (90% of KASB Securities Limited’s full year estimate) vs. only US$96mn deficit in corresponding period of last year mainly due to a firm oil price trend. Given that oil prices in 3QFY12TD are above expected at US$115/bbl, KASB Securities Limited anticipates oil import bill to remain under pressure in the next 2‐3 months. As a result, KASB Securities Limited revises KASB Securities Limited’s FY12E C/A deficit up to US$4.0bn from earlier US$2.9bn.

Potential upside exists
Amongst key near term triggers is the buying interest of global players for local 3G licenses where bidders profile will eventually determine whether successful auctioning would result in FX inflow in 4QFY12E. Moreover improvement in Pak‐US relations will also be keenly watched for its potential impact on FX inflows with regards to realization of coalition support fund receipts. Recall that Pak‐US relations reached its lowest ebb following the NATO attack on Pakistan border in late Nov which has also closely tracked the fall in exchange rate where Pak Rupee has depreciated consistently by 2.7%/1.3%/0.5% in Nov/Dec/Jan.

But warrants caution on geopolitical front
With stubborn oil prices already keeping current account under pressure, the Iran‐West standoff over oil imports which continues to keep oil prices volatile will to be closely tracked. KASB Securities Limited highlights that a US$10/bbl increase in price of Arab Light crude is projected to increase current account deficit by ~US$1.6bn (0.7% of GDP) (See table alongside). Moreover in the medium term, higher loan repayments to IMF (US$3bn each in FY13/14) leading to decline in FX reserves could drive negative sentiments on the external front.

The intra-day range of the KSE-100 index for the session was 12,443.32 – 12,611.25. Total shares traded during the session increased further by 27.71 million shares from the previous turnover of 205.56 million shares to reach at 233.27 million shares. The KSE-100 share index opened the session at 12,443.19 with an upside gap of 39.08 points and once again it remained in the green zone for the entire session as opening proved to be the day’s low.
The foreign investors were seen on the buying side with a net buy of $US 2.24 million during the session. Out of 340 active scrips, 138 closed in the green zone, 121 in the red zone, while the values of 81 stocks remained unchanged. The KSE-100 share index is currently bullish with the stop loss of 12,175 with the next target of 12,756.

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

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